State Of States Performance 2024

States that rank higher on Index A have comparatively limited dependence on federally distributed revenue for their operations and thus have greater viability if they were to theoretically exist as an independent entity.

In contrast, states that rank lower on Index A either need to work harder on growing their Internally Generated Revenue, considering the size of their operating expenses, or work on pruning their operating expenses. The lower ranking states also have more work to do to improve their business enabling environment and enhance their domestic resource mobilisation capacity.

In summary, this data shows two things; First is the level of creative genius of each individual subnational leadership in steering the economic affairs of their States. Then, the level of financial prudence of State Governors in the management of public resources. Anambra making it to the top 5, a position it has consistently maintained in the last 2 years, shows the quality of leadership provided by Gov. Soludo and his team. Remember to juxtapose this with the high level of standard infrastructural development that has greeted the State across all parts of the State. Yet, Anambra under Soludo has not borrowed a dime in spite of approvals from the State House of assembly to borrow 100 billion Naira.

Congratulations ndi Anambra, indeed, the Solution is Here!

Source: BudgIT Research, 2024.