EmoBoy:
There are some misconceptions on this thread.
1. There's nothing wrong with having a high IGR as long as there is a high level of economic and commercial activity in the area.
2. The high IGR Lagos boasts of shouldn't be a big deal given the numerous strategic national infrastructure and businesses situated in the state.

The praise being showered on Fashola for the high IGR is unnecessary given that he has not achieved substantially given the huge resouces at his disposal. That Lagos is a strategic state in NigeriA is not Fashola's making.

proxillin:


Every performing economies always service debt.

E..g USA, Italy, Germany, Japan.

Only economic minded fellow will understand this. Forget it.

proxillin:


I don't like to argue much, Cuz I have seen many bigots arguing here.

The only loop hole to this IGR stuff is how funds are managed and looted. Lagos is making money, but how is it managed?

Back to your question,

A scenerio:

People are clamoring for 4th mainland bridge.

Fashola says, Lagos can't afford that huge project, except he borrows money from world bank.

Now if fashola borrow the money for the bridge, it will add to Lagos debt.

In actuality , Lagos needs this bridge to bolster its economy.

You spend to bolster your economy. It is called infrastructural investment ...

OAUTemitayo:
I think you need to put aside your penchancy for hypocrisy and bare-facet lying.
If you have not jumped to the fray with your irritating ignorance you would have been able to decipher between REVENUE RECEIVED and REVENUE GENERATED.
The OP was talking about internally generated income not statutory allocation from the federation

shizzleStar:
SHUT UP!

You have being jumping up and down this thread like an overfed Cameroonian frog in your vain attempt to to tag your paymaster fashole as an enigma per excellence who every other state govt should model after, forgetting that the huge IGR is made possible by the multitude of Nigerians that reside and do business in lagos while paying their taxes diligently, your veiled attempt to pass off the success as a yoruba achievement is a failed one.

Stop littering the thread with our clannish and over-bloated ego filled comments, as you can only fool the gullible with your epistles and deceptive sermons. Every sane mind knows Lagos is our commonwealth, so there is nothing extra-ordinary in lagos having a very huge IGR, so get off your high horse and stop the hyping and display of arrogance of intelectual superiority associated with you and your ilks

Now tell us, should every government also embark on 'deportation' of law abiding Nigerians from the domiciled states?

Gbawe:
The 2014 "austerity"reality clearly revealing the hideous failings of GEJ and Okonjo Iweala to plan adequately/proactively and shield the economy form oil-based vulnerability. They promoted runaway corruption and failed totally to reign in ten-plane profligacy and bloated governance. Now, there are virtually no buffers in place at all for the Nigerian economy and people because of corruption, economic cluelessness, lack of focus and sheer ineptitude and unacceptable indolence. Now I suggest you shamelessly dishonest TANdroids get out of this thread and let intelligent folks discuss the immense stride forward Lagos has made, under the APC and Fashola, while all PDP States have meagre IGRs they have failed to develop appreciable over many years.

http://allafrica.com/stories/201411181676.html

emiraty:


For real? I mean are you serious.
My dear, why don't you clearly make a research on what fashola has done?instead of publicly exposing your stupidity and ignorance

Governemnt of lagos is ever ready to provide any one with all that he or she needs in assessing fashola. They will also go as far as assisting you in investigating

I did a research so I know.

One of the resons why we have high rate of unemployment is not that there are no jobs like that but that we don't have graduates with substance. Clearly you are an educated illiterate.

Don't give your self excuse based on the educational system Of the country, develop your self and grow.

Bublanski:
[s]Another gratefully blind Jonathan e-sheep. You guys are an embarrassment! Everywhere you go, you had to go there and mess things up. Overstaying your welcome and irritating your host! Soon you will claim you are the one that helped Seun set up Nairaland and that it might as well belong to una.
You scream and abuse your host yet the owner of this site who gave u a platform to talk in the first place has never booted you out before for the enormous stu.pidity you displayed on here! His site! Do you see the huge hypocrisy that personifies your existence? Chai!!
Breaking news bros: your clannish behaviours here on this site is a microcosm of your 'Lagos-belongs-to-us-too-mentality' on the state level

Apologies to the good ones. Its just that some of your uncouth brothers brings out the worst in us sometimes! [/s]

emiraty:


Can you please give me the name of and lagos st governor that has worked like the gentleman on seat?

Are you aware that fashols had to work without even revenue from the government?

Do you think that the money gooten from lagos is not partly remmitted back to the fed govt?

Have you ever ruled a state before?
Do you know the challenges and pit holes that man tries to avoid from more powerful forces that greedily wish to steal from lagos?

My frien, forget what you read or believe to see in lagos that is not neccessarily what is practicable or as stated.

I pray God puts you on a gubernatorial position or even to head a parastal, then , you will forever shut up

shizzleStar:
senseless rantings of an inconsequential oil-clogged dead brain

TheUnblinded:



Typical zero-intelligence reply

shizzleStar:
fvck off my mention you despicable iddiot

obamewa31:
tank u for these analysis/statistics bt ratheR dan tell us d controllers of d sectors y nt give credit nd kudos to d yoruba led govt of lagos state who had created an enabling environment for all to come do businesses in lagos nd succed.southwest is d only region to b compared to d USA.......free for all.

kmariko:
Lagos most prepared for oil slide as IGR tops 75% of budget

Most Nigerian states, except Lagos are ill-prepared to adjust for a prolonged slide in oil prices, the most recent internally generated revenue (IGR) data from the National Bureau of Statistics (NBS) shows.

Lagos State, in South West Nigeria, had internally generated revenues of N384.25 billion, equivalent to 76.9 percent of its 2013 budget of N499.10 billion.

No other state was able to go beyond the 30 percent mark for IGR as a percentage of budgeted expenditure for 2013, the NBS data showed.

Oil revenues account for up to 75 percent of the Federal budget. However, in some states like Zamfara, it goes as high as 97 percent.

The poor fiscal position of most Nigerian states come amid a 30 percent decline in oil prices since June 19, which has left the Organisation of Petroleum Exporting Countries (OPEC) disunited and dependent on non-members to shore up the market, according to former Qatari oil minister, Abdullah Bin Hamad Al Attiyah.

OPEC meets on Thursday Nov. 27 in Vienna. However, further complicating the cartels’ task is the boom in U.S. shale production, which has put the world’s biggest economy on course toward energy self-reliance.

U.S. output is expected to grow 12 percent next year, to the highest since 1970, according to the U.S. Energy Information Administration.

An analysis of the most internal revenue generating state in Nigeria, from each region for 2013 showed that for the South-West region, Lagos led with N384.25 billion, South-South: Rivers N87.9 billion, South-East: Enugu N20.2 billion, North-Central: Kwara N13.83 billion, North-West: Katsina N6.85 billion, and North-East: Taraba N3.34 billion.

The data is showing that most states will be unable to pay salaries if the slide in oil prices continues, even as the Nigerian finance minister, Ngozi Okonjo –Iweala, says the country must adjust to a potential oil price shock.

“We have to adjust to the possibility that it is a permanent shock,” Okonjo – Iweala, said in an interview in London last week.

The states will have no comfort from fiscal buffers, with the Excess Crude Account depleted to $4.1 billion.

Nigeria’s gross external reserves, which are managed by the Central Bank (CBN) have also dropped 17 percent this year, to $37.2 billion as at November 20 from $43.5 billion, recorded on January 02.

The CBN will announce the outcome of its MPC meeting today (Tuesday) as it battles with a falling naira and depleting reserves.

“The CBN will be having a very important MPC meeting before the OPEC meeting as the country faces macro-economic challenges from oil price decline, reserve depletion, naira depreciation and inflation threat,” Kayode Omosebi, an equity analyst with UBA capital Plc, a Lagos based investment bank, said.

Further analysis of the NBS IGR data showed that Akwa Ibom’s IGR of N15.39 billion was equivalent to 3.25 percent of its 2013 budget of N470.1 billion.

Bayelsa’s IGR of N10.5 billion is equivalent to 3.45 percent of its 2013 budget of N304.05 billion, Delta States IGR of N50.2 billion is equivalent to 10.63 percent of its 2013 budget of N472 billion.

Anambra State’s 2013 IGR of N8.73 billion is only equivalent to 7.87 percent of its 2013 budget of N110.9 billion, Taraba’s IGR of N3.34 billion is equivalent to 4.57 percent of its 2013 budget of N73 billion, and Yobe’s IGR of N3.072 billion represents just 3.46 percent of its budgeted N88.6 billion for 2013.

Plateau State comes in at just 6.3 percent as IGR as percentage of the N133.4 billion it budgeted for 2013, while Katsina’s IGR of N6.85 billion is equivalent to 6 percent of its 2013 budget of N114.1 billion.

The import of the NBS data is that most Nigerian states are not viable without oil allocations from the centre.

BusinessDay November 25, 2014 | Filed under: Exclusive,main story | Author: PATRICK ATUANYA

http://businessdayonline.com/2014/11/lagos-most-prepared-for-oil-slide-as-igr-tops-75-of-budget/

Acidosis:


Its all Propaganda & lies from the pit of hell.

Most Lagosians only go to "cool off" the stress in PRIVATELY owned outlets like Shoprite.

Where should I even start from?

The poisonous and deadly buses, reconstructed with Iron, wood & 'brass'?

Air pollution & massive odour?


We've heard and seen cities with larger population enjoying the dividends of democracy (e.g. world class rail ways, standard, digitalised and well organised BRT and many more...).

Lagos earn these figures yet LASU is nowhere close to the 30th best University in Nigeria.

We can't even point to a standard government institution in the st.

Fashola is a very good governor on TV, but a failure in reality.

predentstats:


You think if the Federal Capital was not cited in Lagos that led to the development of the state.....
That Lagos will ride like this?
That its IGR will amount to what is quoted?

If we forget our source and humiliate the source then we'll be set for doom.

LAGOS OR YORUBAS DID NOT MAKE LAGOS WHAT IT IS.

I stand to be corrected.

ocelot2006:



Fashola has worked without Federal allocation? State IGR partly remitted to the FG? You're joking, right? Or maybe you think we're fools that will be live the garbage you just posted.

ratiken:


List the legacy projects Fashola has executed with over 5.3trillion (from IGR + allocations) and over 400billion borrowed funds in 7.5years.
Am sorry I won't exchange words, just list the projects or shut up and move on.

emiraty:


No one is a fool, dear. Just go do you'r home work properly
And please read my words carefully

Can you please give me the name of and lagos st governor that has worked like the gentleman on seat?

Are you aware that fashols had to work without even revenue from the government?

Do you think that the money gooten from lagos is not partly remmitted back to the fed govt?

Have you ever ruled a state before?
Do you know the challenges and pit holes that man tries to avoid from more powerful forces that greedily wish to steal from lagos?

My frien, forget what you read or believe to see in lagos that is not neccessarily what is practicable or as stated.

I pray God puts you on a gubernatorial position or even to head a parastal, then , you will forever shut up

ocelot2006:





That's your post, right? Yep, I read it.

ratiken:


List the legacy projects Fashola has executed with over 5.3trillion (from IGR + allocations) and over 400billion borrowed funds in 7.5years.
Am sorry I won't exchange words, just list the projects or shut up and move on.

OAUTemitayo:
Tinubu God bless you.
We are very grateful

firstolalekan:

Who is this deluded cow?
Did you just say Tinubu? That Rogue
I support change bet NEVER Tinubu.
God bless brf
Eko o no baje o.

emiraty:


Please take a crash course on economic to understand better. It will assist you in not making a fool of yourself

proxillin:


I actually read economics in school. Although I am working with actuarial services now.

So table your argument.
Prove me wrong ...professor of economics

phantom:


pray tell,what strings or weight is akwa ibom pulling??
Oga many people here are too intelligent for this your petty argument.
please tell me how a brand new stadium,library and cinema house will pay salaries in the akwa ibom civil service in coming months.

seanet02:
Why are you abusing him? Must you people behave like demented monkey every time?