The 2023 rankings of Nigerian states based on their dependency on the Federation Accounts Allocation Committee (FAAC) have been released, highlighting significant reliance on federal allocations among various states.
Here are the top ten states most dependent on FAAC:
1. Bayelsa: 92.17%
2. Akwa Ibom: 86.29%
3. Delta: 83.88%
4. Taraba: 81.89%
5. Niger: 80.19%
6. Benue: 79.85%
7. Anambra: 76.94%
8. Bauchi: 75.33%
9. Cross River: 74.87%
10. Nasarawa: 74.55%
The data, sourced from BudgIT, indicates that Bayelsa tops the list with a staggering 92.17% dependency, suggesting a critical reliance on federal revenue for its fiscal operations.
Other states, particularly in the Niger Delta region, also show high levels of dependency, reflecting ongoing economic challenges.
The rankings continue down to states like Ogun and Lagos, which have significantly lower dependencies of 31.95% and 26.55%, respectively, indicating a more diversified revenue base