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State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments - Politics - Nairaland

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State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by adenigga(m): 7:24am On Oct 06
Thirty-two state governors in Nigeria have spent a sum of N69.71bn on their travel costs, including local and foreign trips within the first six months of 2024.

This is as government officials have also chosen to embark on annual leave abroad.

President Bola Tinubu is currently spending his two-week vacation in the United Kingdom.

Findings by Sunday PUNCH showed that three state governors, Seyi Makinde of Oyo, Babagana Zulum of Borno and Dikko Radda of Katsina, spent 90 days overseas for their annual vacation.

An analysis of the states’ budget implementation reports obtained from Open Nigerian States, a website supported by BudgiT that acts as a repository for public budget data, showed that spending on travels by government officials increased to N69.71bn in the second quarter of 2024 from N34.63bn spent on the same recurrent expenditure in the first three months of the current year.

Despite the costs, only Lagos, the Federal Capital Territory, and Ekiti attracted capital importation in the first quarter of 2024, according to the National Bureau of Statistics in its Capital Importation report for Q1, 2024.

The agency is yet to publish results for the second quarter.

According to the report, Lagos State remained the top destination for capital importation with 2.78bn, accounting for 82.42 per cent of the $3.38bn total capital imported into Nigeria in the referenced period.

The report stated that Abuja, FCT, followed Lagos State with $593.58m (17.58 per cent), with Ekiti State next with US$0.01m.

The implication is that 34 states did not attract capital importation in the period under review.

A cursory look at the travel expenses and capital importation showed that Governor Makinde, with the highest foreign trip spending of N11.57bn between January and June, didn’t attract any foreign investors into the state.

Also, Governor Zulum and Radda spent N1.96bn and N1.94bn respectively on their trips in six months without attracting any foreign investment.

The foreign travel expenses of the state governors are highlighted to include Ebonyi, N1.85bn, Ekiti, N3.75bn, Taraba (N6.39bn), Delta (N1.98bn), Cross-Rivers (N2.31bn), Bayelsa (N1.66bn), Bauchi (N1.06bn), Anambra (N316.42m), Akwa-Ibom (N640.84bn), Adamawa (N1.72bn), Abia (N280.02m), Edo (N5.49bn), Enugu (N28.46m), Imo (N1.22bn), Gombe (N1.45bn), Jigawa (N984m), Kaduna (N1.01bn), Kano (N2.89bn), and Katsina with a total spending of N1.94bn.

For Kogi state, traveling expenses increased to N911.27m, Kebbi (N2.74bn), Kwara (N1.91bn), Nasarawa (N1.83bn), Lagos (N945.62m), Niger (N725.02bn), Ondo (N1.12bn, Sokoto (N1,41bn), Plateau (N2.99bn), Yobe (N3.01bn), and Zamfara (N1.57bn).

Benue, Rivers, and Ogun states were the ones without Q2, 2024 data.

The lack of foreign investments in the states coincides with a general fall in investments in the country due to insecurity and other issues, though the current administration says it has attracted $30bn in Foreign Direct Investments into the country.

Commenting on the lack of foreign investments in the affected states, an ECOWAS Common Investment Market consultant, Professor Jonathan Aremu, the states don’t have attractive factors.

“It’s because they don’t have attractive factors. The factors that attract foreign investment are not available in those states. One thing about investment is that it is crisis shy. Investment doesn’t go to places where there are crises. Because investors want stability and predictability in their investments, particularly, having returns on their investments”, he added

Source: https://punchng.com/State-govs-spent-N69.71bn-on-travels-attract-zero-investments

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Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by GOFRONT(m): 7:29am On Oct 06
StatiNonsense has come again.

Meanwhile As we have an Ajala President, Most of our governors are also Ajalas......Nothing New to read here

29 Likes 2 Shares

Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by Bullet01(f): 7:59am On Oct 06
Who will invest in already failing economy with shitty leaders?

25 Likes

Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by Yo1999: 8:05am On Oct 06
Good
Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by helinues: 8:06am On Oct 06
lipsrsealed embarassed

Electron and proton are something common in normal human body, but you see when it comes to the politicians, na m.oron Dem get

42 Likes 2 Shares

Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by omoredia: 8:06am On Oct 06
Nigeria has more than enough. But when leaders don't take the people as priority they will only give excuses instead of giving results. Na educated illiterate Nigerians like Soyinka I blame. Educated mor0ns

7 Likes 3 Shares

Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by OkCornel(m): 8:07am On Oct 06
A culture of waste and zero accountability.

We need to examine these governors’ campaign promises and ask for progress made till date.

5 Likes

Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by Quelme: 8:07am On Oct 06
State governors are just a useless bunch.

Association of legalized criminals.... Yet everyone blames the people's president Tinubu, instead of holding their respective governors accountable.

3 Likes 2 Shares

Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by sulaak(m): 8:08am On Oct 06
Ekiti State next with US$0.01m.


The governor should have stayed at home

5 Likes

Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by shivisee: 8:08am On Oct 06
There’s only person peterobi and his nuisances are seeeing! TINUBU!
Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by maasoap(m): 8:11am On Oct 06
grin grin grin
Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by Sabadon(m): 8:13am On Oct 06
grin grin grin
Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by Mrchippychappy(m): 8:13am On Oct 06
grin
Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by VeryDarkMan1: 8:13am On Oct 06
Ebonyi, N1.85bn
Anambra (N316.42m)
Abia (N280.02m)
Enugu (N28.46m)
Imo (N1.22bn)


South East travel expenditure is minimal. Ebonyi and Imo government should be prudent and curtail expenses. But even as that, they should cover their faces in shame for attracting no foreign investments to their respective states. They can do better.

13 Likes 1 Share

Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by iWasNotHere(m): 8:13am On Oct 06
The Governor of my state OYEBANJI is so wasteful has nothing to offer. Ekiti 🤦🏾‍♂️

9 Likes

Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by Funkyswagzz(m): 8:13am On Oct 06
Who noticed something about southeastern states and including "apc state"

2 Likes

Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by etrouble: 8:14am On Oct 06
Investment does not come overnight. It takes lots of negotiations, so the investments will come soonest.

This however does not remove the fact that many of the governors are cursed dullards whom Ogun go soon kill e.g. the cursed bastard that just announced his daughter as the new First Lady after sacrificing his wife to his cult group. Instead of letting the wife of the deputy governor to run the illegalities of the office of the unconstitutional First Lady, the vagabond has put his daughter there

1 Like

Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by maasoap(m): 8:14am On Oct 06
Quelme:
State governors are just a useless bunch.

Association of legalized criminals.... Yet everyone blames the people's president Tinubu, instead of holding their respective governors accountable.

People hold Tinubu responsible because he's the one in charge of economic policies and he's the one formulating shiiity economic policies.
Tinubu is equally guilty of useless and unproductive globe trotting and that's the least of our concern

12 Likes

Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by AntiChristian: 8:14am On Oct 06
undecided

We are not to abuse leaders but pray for them!

May Allah rectify their affairs and ours!
Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by MightySparrow: 8:15am On Oct 06
Prodigal governors

1 Like

Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by Kachi1194(m): 8:16am On Oct 06
We keep voting in daft leaders cause of person interest, tribalism, religious and other useless reasons

3 Likes

Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by 004gist: 8:17am On Oct 06
Waste everywhere from north to south.
They assume leadership and have complete access to state treasury and while there is little or no check or accountability.

The reason Nigeria has been been sinking low

4 Likes

Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by Kachi1194(m): 8:17am On Oct 06
Funkyswagzz:
Who noticed something about southeastern states and including "apc state"
What did you notice
Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by Sirdikachi: 8:17am On Oct 06
Enugu governor attracted so many investors and to think he spent just 28m needs to be applauded

7 Likes

Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by Franzinni: 8:18am On Oct 06
It's not easy to spend money ... It's very hard work ... If it was easy everybody would do it.
Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by Sirdikachi: 8:18am On Oct 06
VeryDarkMan1:
Ebonyi, N1.85bn
Anambra (N316.42m)
Abia (N280.02m)
Enugu (N28.46m)
Imo (N1.22bn)


South East travel expenditure is minimal. Ebonyi and Imo government should be prudent and curtail expenses. But even as that, they should cover their faces in shame for attracting no foreign investments to their respective states. They can do better.


Enugu guy attracted investors and he is the less spent one in the list

9 Likes

Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by VeryDarkMan1: 8:19am On Oct 06
Funkyswagzz:
Who noticed something about southeastern states and including "apc state"

The two APC state in South East are wasteful. Siphoning the treasury of the state in the guise of travelling.

5 Likes

Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by zombieHUNTER: 8:19am On Oct 06
That's Tinubu for you

700m for the first lady travels in three months

When the head is rotten

No hope for the rest of the body

2 Likes

Re: State Governors Spent ₦‎69.71 Billion On Travels, Attract Zero Investments by etrouble: 8:19am On Oct 06
maasoap:


People hold Tinubu responsible because he's the one in charge of economic policies and he's the one formulating shiiity economic policies.
Tinubu is equally guilty of useless and unproductive globe trotting and that's the least of our concern

You go cry for long

3 Likes 1 Share

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