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Nairaland Forum / Nairaland / General / Politics / Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC (14358 Views)
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Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by eedimo(m): 12:08pm On Apr 06, 2021 |
I'm not surprised with Cross River being there because the kind of Digital Governor we have there it's something else. By the time Ayade would be done with Cross River ... God would not allow what I'm thinking to happen. 1 Like |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by descarado: 12:11pm On Apr 06, 2021 |
Some have already started defending them. Had this been 3 south east states,this would have entered 3 pages. Nigerians have redefined the meaning of patriotism. 3 Likes |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by seyz91(m): 12:15pm On Apr 06, 2021 |
you Luckydubby7: |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by seyz91(m): 12:15pm On Apr 06, 2021 |
inoki247: |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by ThumbzTNA(m): 12:17pm On Apr 06, 2021 |
Of all the 6 states created in 96 (the last born states). Ebonyi has the least debt and the 2nd highest revenue (behind oil rich Bayelsa) |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by tot(f): 12:26pm On Apr 06, 2021 |
adenigga: Until when accountability is enforced, it's unlikely this will change. |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by OnyeOlokoro(m): 12:27pm On Apr 06, 2021 |
[s] Patrioticman007:[/s] Always supporting rubbish 2 Likes |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by Latidoh1: 12:28pm On Apr 06, 2021 |
Patrioticman007:We have enough resources to enable us stay afloat without debt. How do we harness it. That is the problem. 2 Likes |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by walexbiz(m): 12:31pm On Apr 06, 2021 |
This clearly shows that Lagos state is poorly run, this is a state that is suffering from infrastructural deficiency, the state employee are poorly paid, while non state employee (Agberos and Touts) are been renumerated and the bailout fund used to buy BRT buses has been handed over to a privately owned company. This is dilemma Lagos state is suffering while some idiot are singing praises of the Lagos state government for it's corrupt strides. |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by Brushstrokes20: 12:32pm On Apr 06, 2021 |
Too many self serving THIEVES in govt! |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by Militant30: 12:32pm On Apr 06, 2021 |
That means that Rivers State is doing well both in infrastructure and debt management. |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by OnlyDeCapPlease(m): 12:34pm On Apr 06, 2021 |
Luckydubby7: At least you can see what Lagos is doing with theirs |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by jaxxy(m): 12:34pm On Apr 06, 2021 |
Patrioticman007: What stupid capital projects are u talking about? The archaic rail systems that we won’t maintain or the over inflated road contracts that build half the quality of the money allocated to it? Not sold educational or health systems. Yet u say we need more debt? Does Nigeria know how to use money properly and efficiently like America or other countries u googled? Even if we borrow more money we will misappropriate it as usual and then waste everything. States produce next to nothing so keep waiting for handouts from Fg. We are running a failed system and making it worse with bad management and policies. |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by bayelsaowei(m): 12:38pm On Apr 06, 2021 |
Ofcourse...liabilities superseding assets...its a given in my ogogoro country.. |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by afube: 12:39pm On Apr 06, 2021 |
Vaughanlanrewaj: the lagos mass transit rail line is highly inflated, that is why it is taking an eternity to complete. That project should have been completed by now so that its revenue will go to paying down the debt burden..The federal structure we run is also hampers the ability of the state govts to generate revenue. |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by JAYMA(m): 12:41pm On Apr 06, 2021 |
Kindly contact us today @ Eidwood Furniture for all kinds of furniture works. Our address is@ 8, Egan Road Iyesi Ota Ogun state. Or call us @08038143008. |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by optionalY09: 12:43pm On Apr 06, 2021 |
No that Fulani we are in debt, before fulani highjacked the office we income and dept was balance. Now they are using their incompetence to destroy what others built. We will break out of this country soon, Yoruba Nation is a no going back. |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by Mayeldah(m): 12:45pm On Apr 06, 2021 |
Wetin dem dey borrow all these money do sef? For this Lagos, most roads are bad, IKEDC and EKEDC nor dey give light, Social security nor dey for Lagosians Wetin dem take the loans do? |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by Housing(m): 12:53pm On Apr 06, 2021 |
The article is full of half information, Lagos IGR in three months is greater than it's annual Federal allocation, which was used to calculate the revenue and debit ratio. The answer from the article is not factual, real nor justify realty on ground. Lagos State pays salaries and pensions regularly, able to meet all it's financial obligations as and when due. A States that generate an average IGR of N38Billion per month. 2 Likes |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by Kinematics: 1:02pm On Apr 06, 2021 |
BigSarah: This is just federal allocation. IGR is not inclusive. |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by Kinematics: 1:04pm On Apr 06, 2021 |
Militant30: Rivers is doing very well. Rivers is the most financially stable state in the country. |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by lexy2014: 1:07pm On Apr 06, 2021 |
Boye33: Eko Atlantic and LFTZ have been "ongoing" for donkey years. D debts are already encroaching any perceived returns. Dangote on d other hand isn't a Lagos State investment. It's private. Even if u say Lagos will benefit from d taxes, d question is who has been benefitting from previous taxes that has now left d state more debt ridden than it's supposed to be? 1 Like |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by Masterkernel1: 1:16pm On Apr 06, 2021 |
Patrioticman007: The the state owned infrastructures in the four states? |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by richmond500: 1:17pm On Apr 06, 2021 |
Boye33:Eko Atlantic won't bring revenue to Lagos state, not even in ten years. That Eko is a waste of money, who is going to buy land and live there? ordinary banana island is almost deserted, u come build eko. Most times its better to look at the financial capacity of ur citizens before starting something. Its just like building a two bedroom flats for rent in a community where university students are much, who go rent that ur house? 1 Like |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by anomaly20: 1:18pm On Apr 06, 2021 |
By the time Ayade is done with Cross River State ehn only God can intervene. Man has taken Cross River State eight years backward |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by anomaly20: 1:20pm On Apr 06, 2021 |
eedimo:Digital governor because all his projects are audio |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by AFONJAPIG(m): 1:22pm On Apr 06, 2021 |
And they keep disturbing the airwaves with Nigeria is in safe hand... Those pro BUHARI ediots in London telling us to pray for BUHARI and have patience with him that things will get better, I hope they do depends on prayers to feed and have government benefits in UK |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by Advancedman(m): 1:22pm On Apr 06, 2021 |
adenigga: Stolen fund and unaccounted funds as well as na we dey here unpaid funds exceed both IGR and debt. |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by Luckydubby7(m): 1:30pm On Apr 06, 2021 |
seyz91:Your shame dey shame me |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by Latvin: 1:36pm On Apr 06, 2021 |
nitrogen: Quite correct. Debt service to revenue ratio is the right metric as it allows a yearly view of financial health. Loans are repaid over several years, so a balanced way to look at it is by comparing projected revenue over those years of loan repayment. Moreso, as someone said, this does not include IGR, right? 1 Like |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by Dpharisee: 1:38pm On Apr 06, 2021 |
Boye33:DANGOTE refinery a private business will spike up revenue for Lagos state and take care of 400% debt to revenue ratio? |
Re: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by Vaughanlanrewaj: 1:40pm On Apr 06, 2021 |
Boye33:Interestingly, Osun is doing fantastic in terms of key HDI such as employment( sign of increased economic output)and education ( positive sign of improved manpower development). |
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