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The Bayelsa State Government has reacted to the recent 2022 Annual States Viability Index report of the Economic Confidential which claimed that the state is among six others that are allegedly financially insolvent.
Faulting the report, the state governor, Douye Diri, said the analysis was based only on federal allocation and Internally Generated Revenue to determine a state’s viability without considering how their resources were being expropriated by the Federal Government.
A statement issued by the Chief Press Secretary to the Governor, Daniel Alabrah, on Thursday, said that Diri spoke during the 124th State Executive Council meeting in Government House, Yenagoa, the state capital, on Wednesday.
The Economic Confidential, in its 2022 ASVI report released on December 18, 2023, claimed that Bayelsa, Akwa Ibom, Katsina, Taraba, Yobe and Kebbi States were “the six states that may not survive without the Federal Allocation due to their extremely poor internal revenue generation of less than 10 per cent compared to their federal allocations…”
Bayelsa occupied the bottom of the list, having received N273billion and generating only N15.9billion, representing 5.81% of the allocations, the group stated.
Diri insisted that Bayelsa was not financially insolvent and that such reports came from “prophets of doom.”
He restated his call for the practice of true federalism and restructuring of Nigeria to determine the real viability of states
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