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Nairaland Forum / Nairaland / General / Politics / Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent (13631 Views)
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Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by Addme: 7:23am On Dec 22, 2023 |
A report by Economic Confidential, a subsidiary of PR Nigeria, has declared seven states, including Lagos, Ogun, Rivers, Kaduna, Kwara, Oyo and Edo as the most viable states in Nigeria for 2022. https://punchng.com/report-names-lagos-six-others-viable-states-declares-six-insolvent/?amp 9 Likes
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Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by GoodRocks: 7:26am On Dec 22, 2023 |
Nigerians should shun tribalism if it wants to grow higher! It is worthy to note that Tinubu supporters are the problem here on nairaland, to them you dare not criticise Tinubu because he is a yolluba man but they forgot how they disgraced and dragged innocent Jonathan to the mud despite how the country was prospering gloriously under GEJ. All Nigerians are asking Tinubu is for him to take Nigeria back to how he met it during GEJ era abeg! Take the country back to the days of PDP corruption. It is far better than this Tinubu tribulations! May God have mercy on yolluba people come 2024 because the suffering just began 48 Likes 5 Shares |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by abdeefggh: 7:29am On Dec 22, 2023 |
President Tinubu should try and make all states viable 2 Likes |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by SharingIsLife(m): 7:30am On Dec 22, 2023 |
Look at the poorest states in IGR and see that they were all 'advantaged' states relying on some free money from somewhere. For example, Buhari's home state was then relying on having free hand-out from the President or his asslickers like Rotimi Amaechi. Bayelsa and Ákwá Ibom were relying on 13% derivation from FAAC. Crude is a curse to Nigeria. PREVENTION IS BETTER THAN CURE. Here are recent warnings from Nigerian banks to their customers https://bbbox.livejournal.com/1445.html There is a new wave of bank-related frauds. 11 Likes |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by Idiko1: 7:32am On Dec 22, 2023 |
The original post is pure typical and idiotic Nigerian analysis. Unlike Lagos, most states are not city on Nigerian steroid. Most states in Nigeria did not benefit from being capital of Nigeria. 6 Likes 2 Shares |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by skj1377(m): 7:39am On Dec 22, 2023 |
Stupid report. The so called revenue federal government is sharing is from crude explored in Bayelsa and akwaibom states sold in International markets largely . It's like brain dead people in Federal government these days. Why not start resource control and we still see if those states will not be one of the wealthiest. Idiots. 30 Likes 6 Shares |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by abdeefggh: 7:39am On Dec 22, 2023 |
GO0DHardDick: What is the meaning of that? Are you sure u are OK? 45 Likes 6 Shares |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by Conner44: 7:40am On Dec 22, 2023 |
Idiko1: They don't want to know. They just want to have something to hold on to during their dick measuring contests. How can you joyfully compare the doings of a child born with a silver spoon in his mouth to the child born in the cold hard streets . . . 6 Likes |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by Armaggedon: 7:47am On Dec 22, 2023 |
OVB123:you will not see them because this report is based on a misleading development index called IGR. But the GDP of the states are totally different. Most states you see posting high IGR' figures such as Lagos, Ogun etc heavily inflated their IGR figures in order to be able to attract loans. This is why the budget figures of endemic borrower states are lower than non borrower states in proportion to their respective IGR figures. A salary earner needs to prove he earns enough for a loan. This also apply to states, except they control IGR figures. This explains why Ogun and oyo claim they earn high revenue but can't execute projects without borrowing while a state like Anambra is very bouyant with modest IGR. To understand IGR figures, check the list of indebted states. To understand true economic standing of states, check their GDP. Your politicians are decieving you. 21 Likes 7 Shares |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by OVB123: 7:54am On Dec 22, 2023 |
I can't see any developer(s) states on the list. What is going on? 34 Likes 7 Shares |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by Jubrilv(m): 8:07am On Dec 22, 2023 |
Ok |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by omoadeleye(m): 8:07am On Dec 22, 2023 |
Uhmm |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by omoredia: 8:08am On Dec 22, 2023 |
Edo state potential is beyond comprehension 1 Like |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by Godoverevery: 8:10am On Dec 22, 2023 |
They will have a problem with the report. Whatever news that doesn't favour them is fake......lol. See them already lamenting.........hate filled animals. Haters of good things. 38 Likes 5 Shares |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by dominique(f): 8:10am On Dec 22, 2023 |
What is Ogun State achieving with all this IGR they're generating? I'm surprised Kano did not make the list of economically viable states, I thought they were Lagos of the north. 4 Likes |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by money121(m): 8:10am On Dec 22, 2023 |
Ok |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by AbuTwins: 8:10am On Dec 22, 2023 |
1 Like |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by MightySparrow: 8:11am On Dec 22, 2023 |
Edo State? Nothing to really show for the viability. 2 Likes |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by Mindlog: 8:11am On Dec 22, 2023 |
abdeefggh: Go school, u no wan go....go learn a skill, u say no. You can't force growth on someone who don't want to grow. 7 Likes 2 Shares |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by PHZADDY1(m): 8:11am On Dec 22, 2023 |
Lol,the way this people praise their glorious slum shows how bad Nigeria is...Lagos glory is population based and it has long been the commercial hub of Nigeria,its supposed to be the best cosmopolitan city in Africa. 3 Likes 3 Shares |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by alizma: 8:13am On Dec 22, 2023 |
This is not absolute in the sense that some state can generate far more than what they currently generate if left alone. Their dependent on FG allocation is so much that they don't want to look inwards. For example, you can't match the level of tax in Lagos with Bayelsa, many small and big businesses operates in Bayelsa without paying taxes to government 1 Like |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by spiSeyi: 8:13am On Dec 22, 2023 |
Why is the land of billionaires missing from this list What of the great Anambra that was transformed by PO This is one of the adverse effects of sitting at home every day thinking that you are doing FG, the truth is that nobody cares about SE even if they burn down their ancestral land because it won't affect the progress of Nigeria and other region . !gbos wake up 26 Likes 5 Shares |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by Mindlog: 8:13am On Dec 22, 2023 |
skj1377: If Nigeria states are to control their resources both surface and underground, the sea ports in other regions fully operational.......there would be massive migration shift across Nigeria. 3 Likes |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by Faiththatworks(m): 8:14am On Dec 22, 2023 |
Although I'm sure everyone has said something about the sudden disappearance of my beloved Nairaland for almost 4 days,I hope my comment doesn't come too late. I feel for Seun Osewa,how do u balance free speech in the World,how do you know when a statement has crossed the line. Seun will be doing himself a disservice if he doesn't tell members of the forum the comments that were posted that resulted in his website being pulled down. I can see the moniker called CoronaVirus has stopped his regular F**k Israel comment,I'm guessing his abuse was one of those which irked his host. Back to the matter,I see some very ridiculous comment about the revenue being generated by Some states especially in the South. I daresay It's an abnormally that a state like Edo can generate more revenue than Akwa Ibom and Bayelsa which receive Almost double its allocation. For the Northern States I daresay they need to Do more,Kwara shouldn't be out-performing states like Sokoto and Kano in terms of the % of Revenue to their Allocation. I read somewhere that Abuja generated a monstrous amount of over 200 billion this calendar year,a state like Nassarrawa should also benefit because of its proximity to Abuja. But I end with this prophecy,Lagos and Ogun will soon double their revenue with the Coming on board of the Dangote Refinery. I play with some figures to excite any eagle eyed investor,Dangote Refinery got 2 million barrels of Crude in the last 2 weeks,at the market cost of the crude oil,that's 140million $ worth of products. In Naira terms ,that's around 140 billion worth of products being pumped into the Refinery,by the time the crude is refined,the by products alone will be close to 500-600 billion worth of products,Massive figures for just 2 weeks of crude oil. I keep repeating,Nigeria is on the precipe of greatness of industrial revolution and it will be lead by Lagos and Ogun state. Anyone who still hasn't purchased a land near that axis will definitely miss out on the knock effects that is about to happen. Check my signature if you desire a land around the Refinery. God bless Nigeria. 4 Likes |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by Buddyy1: 8:14am On Dec 22, 2023 |
Fact |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by MrBONE2(m): 8:14am On Dec 22, 2023 |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by Dareal90s(m): 8:15am On Dec 22, 2023 |
PHZADDY1:So Kano doesn't have population? 8 Likes |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by Hespee93: 8:15am On Dec 22, 2023 |
GO0DHardDick: Still practicing what you preach against. Twuee. Oga fun e 13 Likes 1 Share |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by bigdammyj: 8:15am On Dec 22, 2023 |
Noted. |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by blamingthedevil: 8:15am On Dec 22, 2023 |
I don't really know what is wrong with Delta State, so much revenue and potential...but 3 Likes |
Re: Economic Confidential Names Lagos, 6 Others Viable States, Declares 6 Insolvent by bewisemasses: 8:16am On Dec 22, 2023 |
OVB123:Other people noticed and self control prevailed but u just had to say it didn't u. |
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