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Nairaland Forum / Nairaland / General / Politics / Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) (97620 Views)
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Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by Bookiemart01(f): 12:21pm On Nov 13, 2015 |
Who are you? koning: |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by totit: 12:24pm On Nov 13, 2015 |
Iboo populace all over SW region are a huge burden,threat to SW region. SW is force to cater for ibooes in her region. The higher SW population increase the bigger her responsibility and burden. Igbos must go ![]() |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by bashydemy(m): 12:26pm On Nov 13, 2015 |
SIRTee15:Check the OP stats again and check well the the monthly reccurent expenditure of Osun is over 7b and the highest of SE is 5b check .
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Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by totit: 12:27pm On Nov 13, 2015 |
koning: Hahahahaha Ibooe man will see white but will vehemently call it black. This reminds of Deji of akure and the flogging of eze iboe ![]() Kuntinue living in self denial. You people are just everywhere cheii ![]() |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by chiboy11(m): 12:35pm On Nov 13, 2015 |
love dis |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by koning: 12:40pm On Nov 13, 2015 |
totit: Somebody will have to supply the Deji of Akure spare parts for his cars. Since you people are too lazy to do that, the few Igbos who cannot find shop at Ladipo and Trade fair had to move to Akure. They are just few of them. As soon as affordable space appears in Ladipo, they are gone. A few wey don buy land may remain and shuttle between Akure and Lagos. This does not in any way equate to "Trooping into SW". 5 Likes |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by koning: 12:42pm On Nov 13, 2015 |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by totit: 12:44pm On Nov 13, 2015 |
koning:Bla bla bla Same old song I am just wondering, Ibooe must have been programmed somehow? You people use same words, same story. What has village life done to you people. You call yoruba lazy yet you people can't make it in life without their region. Yet it's the only region with the least poverty rate? Pleasezzzzz say something else abeg ![]() 2 Likes 1 Share |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by SIRTee15: 12:53pm On Nov 13, 2015 |
bashydemy: that third column in the table shows total monthly commitments of each states. that will include salaries, wages, personnel costs, and loan deductions. go and check the ranking of state's debt table, u will understand what I'm saying. see, I'm not in doubt of economic viability of SW. but the governors are killing the region with their reckless fiscal policies. and it's high time we start asking questions. 2 Likes |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by OBAGADAFFI: 1:06pm On Nov 13, 2015 |
SIRTee15: That is the point i have been making since the beginning of the thread. The SW states are doing well in IGR , in fact Ogun is Higher than Akwa Ibom in-terms of IGR. But their expenditure and debts is very bad. 1 Like |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by Nobody: 1:12pm On Nov 13, 2015 |
bashydemy: Osun budgeted over 250bn naira annually for 3 yrs in a row based primarily on loans. With a gross revenue just over 40bn annually, Rauf has indebted Osun in just 3 yrs by 1500%! That 7bn figure goes to paying loans and most of it comes from taking loans to pay loans. Your entire region is living on debt based on resources from the centre sourced from oil and on loans from banks. Also, Osun was one of the recently bailed out states that got the lion share. Is this wise to you? 4 Likes 1 Share |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by Macelliot(m): 1:21pm On Nov 13, 2015 |
nicedas:Education? Are you alright? |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by Nobody: 1:23pm On Nov 13, 2015 |
[size=18pt]SW Governors abandon projects as workers poise for showdown [/size] Harder times are certainly ahead of people and governments of states in the South West as the bailout funds released by the Federal Government that held much promise of stabilizing their economic health have run into sands. The aid package, which became imperative after states became economically distressed as a result of downward spiral of oil revenues which shrunk federal allocations resulting in huge wage burden and stoppage or stalling of developmental projects due to governments’ inability to meet obligations to contractors, was like a mere drop of water in the desert. It had little or no impact on alleviating their problems. A month or two after the disbursement, the states are back where they were before the temporary slush, some even trapped deeper in the vortex of insolvency. Although many of the state governors deployed the funds to offsetting arrears of salaries owed workers, the money did not go far in clearing the entire backlog stretching in many cases from four to eight months. In Osun State, which has been embroiled in industrial crisis since late last year over non-payment of salaries, four-month salary arrears still pend against the government of Ogbeni Rauf Aregbesola, who only managed to settle the January to May arrears, with a promise to pay the those of June to November by November ending. A whopping sum of N26.6billion came to Oyo State from the Federal Government as bailout. But this merely helped the government to pay outstanding salaries of civil servants from May up to the end of August, leaving September salary. But, Governor Ajimobi remarked that the money was rather insufficient in view of the fact that the state’s wage bill was already N21.3billion before it was received. As soon as the government finished paying the outstanding salaries, it would “start owing again as we will have to scramble for more money”, the governor lamented at a recent public forum. Oyo, whose recurrent expenditure gulped 80 per cent of its allocation that averaged N5 billion monthly with salary alone taking N2.9 billion between 2011 and 2014 suffered a dip in its income which plummeted to N3billion while the average monthly wage bill, according to Ajimobi, rose to about N5.2billion, excluding that of political office holders. The result was a monthly deficit of about N1.8billion for the state. The Internally Generated Revenue (IGR) of the state government, which is about N1billion every month, could not bail the state government out of the monthly N1.8 billion deficit. According to the information released by the Debt Management Office (DMO) in Abuja in December 2014, the external debt profile of the state stood at $72million. Although the Ogun State government does not owe its workers salaries, it has yet to pay them the backlog of their eight months cooperative deductions amounting to about N6.3billion in full. The workers in the state still have two more months of such deductions to collect. The deductions had earlier been withheld due to the poor financial standing of the state before the disbursement of the Federal Government bail-out fund of which, Saturday Sun, learnt, it has so far accessed about N18.9billion out of the N20billion approved by the Central Bank of Nigeria. In Ondo State, however, the workers were up in arms about a fortnight ago over unpaid four months backlog of salaries by the Olusegun Mimiko administration. The secretariat, governor’s office, House of Assembly complex and other government offices were deserted and under lock and key by the aggrieved workers who staged a demonstration round the state capital. However, with a bailout of N14.6 billion from the federal government, the state was able to pay July and August salaries last week, leaving arrears of September and October. Saturday Sun reporter in Ekiti State reports that although the state government applied for N22 billion, it received only N9 billion out of which it paid up to August salary. The remaining money, according to sources, was kept to be added to the federal allocation for September to pay for the ninth month. Across the states, capital projects suffer as payment of salaries has taken the frontline while urban renewal projects that were the focal point of most of the states in the South West have been pushed to the bottom of governors’ priorities. In Oyo state for instance, one of the abandoned projects is a five-star hotel in Mokola area of Ibadan, where the governor had allegedly sunk N500million counterpart fund. A recent visit to the project site revealed that perimeter fencing of the site had been done, but construction work on the hotel has not begun. Also, work seemed to have stopped by the government on the conversion of six schools in the state to model schools. The project, which is expected to gulp N3.7billion, began in 2014. The schools are Islamic High School, Orita Bashorun, Ibadan; Baptist High School, Shaki; Oba Akinbiyi School II, Mokola, Ibadan; Ogbomoso High School, Ogbomoso; Obaseku High School, Eruwa; and Abiodun Atiba High School in Oyo town. A visit to the project sites in Ibadan revealed that the construction works have not gone beyond the foundation level. Also, major ongoing construction work has stopped in Ijebu-Igbo, Ilaro and Ijoko in Ogun State, as contractors have left sites with bridges and roads left uncompleted. Saturday SUN gathered that this was due to the inability of the state government to meet its financial obligations to the contractors due to the current paucity of funds. Our reporter in Ado Ekiti reports that although Governor Ayodele Fayose has embarked on some capital projects including the abandoned Ekiti airport, he is being incapacitated by the poor financial status of the state. Put to the test, embarrassed state chief executives had responded with desperate measures that have, in some instances, negated their campaign promises to the electorate. For instance, in Oyo State, the governor, Senator Abiola Ajimobi, whose party’s manifesto had free education as one of its cardinal programmes, had not only embargoed the yearly payment of the fees for WASCE/SSCE candidates, but also introduced a N3, 000 development levies in public secondary schools. His administration is also negotiating a pay cut for state workers with labour as an option to an otherwise inevitable mass sack. Other casualties of the cost-saving measures are the cancellation of sponsorship of pilgrims to the Holy lands by government, tactical delay in constituting the cabinet, and proposed rationalization of the 23 ministries in the civil service to 13. The bill to effect this is already before the Oyo State House of Assembly. On the way out of the financial predicament for the state, Governor Ajimobi said: “We want to set a template like Lagos on our IGR and I promise that by September 2016, we should be able to increase our revenue from N1.2billion to N2.3billion. We will also block leakages.” Apparently backing the governor, an umbrella body of women professionals and businesswomen being led by Chief (Mrs.) Felicia Adebimpe and Alhaja Fatimah Yusuf, in the state, Women in Oyo State (WIOS), argued recently that if the student population in all public schools across the state is 250,000, the Ajimobi administration would rake in N750million in a year and a total sum of N3 billion in four years. But, it is not clear how Osun State hoped to salvage the dire situation it has found itself as the Director General, Bureau of Communication, Osun State Governor’s Office, Mr. Semiu Okanlawon, during a recent chat with our correspondent, insisted that government would not perpetually depend on banks loans to pay salaries, even as it hoped to honour a Memorandum of Understanding (MOU) signed with workers’ unions, not to downsize the workforce or cut salaries. Yet, for almost a year now, the Osun governor is yet to constitute his cabinet. As part of the efforts to boost the finances of Ogun state, Governor Ibikunle Amosun last July requested the approval of the State House of Assembly to restructure its N48billion loan as at June 30 this year from commercial banks for conversion to Federal Government bond bail-out package. Governor Amosun in his request to the Assembly had stated that the bailout would reduce the amount the state government would be spending from its monthly statutory allocation on servicing debt to banks since such a restructuring would allow for more period of repayment of the loan. But many workers in the state are not happy with the governor over his inability to fully pay their cooperative deductions, especially now that he had collected the Federal Government bailout fund. Some of the workers who pleaded anonymity condemned the governor for allegedly putting the bailout fund in a fixed deposit account. This action, they alleged was detrimental to the well being of civil servants in the state. The state Chairman of Nigeria Labour Congress, Akeem Ambali, could not be reached as at the time of filing this report. Also, the Governor’s Senior Special Assistant on Media, Juwon Soyinka, in an sms reaction, said: “The Ogun State government is not under any pressure on this issue. We are not resting on our oars, we have returned to the drawing board and we will continue to prudently manage our resources, as we have always done, for the benefit of our people.” Ekiti State Chairman Trade Union Congress, Comrade Odunayo Adesoye regretted that the bailout package could not address the problems facing the state “because already, the FG has started deducting the bailout from the allocation being released and that means in another two or three months, the government would still come back to owing salaries of workers. So, no problem has been solved by the bailout. He canvassed diversification of the economy by looking into other areas of generating funds and a review of the sharing formula of federal allocation to favour state and local governments. The Chairman, Nigerian Civil Service Union, Oyo State chapter, Mr. Kehinde Oparinde, said: “Our position is confidential. So I won’t tell you. But we want the state government to continue to pay workers’ salaries. We are looking for ways to increase the IGR. So, we have charged our members to be up to the task of generating revenues for the state.” Immediate past Chairman of Trade Union Congress (TUC), Osun State branch Oladele Adetunji Francis told Saturday Sun that the dire economic plight of the state has been a harrowing experience for them. “The hardship is biting seriously. There is no worker that is finding the situation easy. Everybody is living from hand to mouth and trying to make ends meet. Everywhere is dry. It is so bad that people can’t even pay the school fees of their children and wards,” he lamented. On how government could overcome the challenges, Adetunji suggested that it should boost its Internally Generation Revenue (IGR) by bringing more people, especially private enterprises into the tax net. “Government should implement and enforce taxation among all categories of workers. This, however, depends on its ability to pay salaries steadily because if there is no income, there can’t be tax.” he said. He also urged government to approach well-meaning indigenes of the state, especially business magnates and top government officials, to make personal sacrifices by contributing their quota in one way or the other to boost the economy of the state. “That was one of the issues discussed at the last Osun Stakeholders forum to proffer solutions to the financial crisis facing the state. There is no more manna from heaven. Let all of us join hands to save our dear state from the ongoing quagmire,”Adetunji said. 3 Likes |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by Stycon(m): 1:49pm On Nov 13, 2015 |
Quite Revealing! I guess this is what happens when we have accumulated gross mismanagement of resources and high incidence of "misprioritize" projects cum lack of innovative thinking on how to properly harness domestic resources to generate self-sustaining income at the state level. Borrowing is not totally bad but it sucks when borrowings are used to fund recurrent expenditures instead of viable capital projects. I guess some states are not sound enough to be a STATE, after all! 1 Like |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by bashydemy(m): 2:32pm On Nov 13, 2015 |
I SIRTee15:Go and tell that to foool like you, the first column shows the monthly expenditure (monthly spending) which is the salaries. The second column is the monthly income and the last is debt go through it again. |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by basilo101: 2:50pm On Nov 13, 2015 |
totit:igbos will continue invading SW because a u run dormant socialist system dat encourage laziness, over bloated civil service waiting 4 oil money, nw oil price crashed and u r in financial mess. 7 Likes |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by totit: 2:57pm On Nov 13, 2015 |
basilo101: Quit acting like market women. And please be real and do away with emotional argument. Presumption, assumptions without facts C'on, you can do better than that be a man bro ![]() Point is, you don't reside in SW and many of you were programmed to belief and pull off figures from you akpu head ![]() 1 Like |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by SIRTee15: 3:17pm On Nov 13, 2015 |
bashydemy: read this and cure your ignorance http://www.pmnewsnigeria.com/2015/03/25/why-i-owe-osun-workers-5-months-salary-aregbesola/ from the article, the wage bill of osun state is #3.6 billion and not #7 billion you are parroting all over the place. The difference is essentially what he uses to service his gargantuan debt. and please, if you know you can't resort to discussion without insults......then don't quote me.......because......I'll no longer dignify you with a response. 4 Likes |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by Guyman02: 4:08pm On Nov 13, 2015 |
bashydemy: Salaries without producing anything is corruption |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by IAmTobore(m): 4:19pm On Nov 13, 2015 |
I reject APC in Delta state and the whole of South-South in JESUS' name! 4 Likes |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by bashydemy(m): 4:21pm On Nov 13, 2015 |
Guyman02:hahaha but producing without salaries is something right? sorry... Osun is part of states that earn less allocation and their IGR is so low and GEJ Govt caused everything. |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by bashydemy(m): 4:23pm On Nov 13, 2015 |
SIRTee15:Then the stats of the OP is wrong? go and sit down somewhere and be fooling yourself. |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by zurine(f): 4:58pm On Nov 13, 2015 |
interesting |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by honourhim: 6:05pm On Nov 13, 2015 |
bashydemy: You too dont understand. Your south west people rely so much on government work thats why your wage bill is high. They are too lazy to be self-productive like the Igbos. Thats why amala politics thrives in your land. You see thousands hanging on Late pa Adenibu or Tinubu and other rich men's gate waiting to be fed morning, noon and night everyday rather than go and work. Fayose's Ekiti scenarios are other examples. We in the soith east rely more on self employment. So donti mix up things here. 2 Likes 1 Share |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by jpphilips(m): 6:26pm On Nov 13, 2015 |
Oil producing Abia and Akwaibom? with a big market like Aba? expected of a state managed by a block head like "Ochendo" orji 1 Like |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by jpphilips(m): 6:30pm On Nov 13, 2015 |
bashydemy: How can you pay salaries higher than the Government's revenue and you defend it with such venom? Young man, your thought process requires an upgrade urgently. Go and manage a company with that mind set and wait for the "award" you will receive from shareholders 2 Likes |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by bashydemy(m): 7:00pm On Nov 13, 2015 |
honourhim:Se this fool, More than 40% of non indigine are in every Civil Service in South West, Even some Civil Service were headed by non indigine and do you expect? Unlike your region that does not even employ non indigine into civil service in South West Abia comes to mind... You are so stewpid about people being lazy, If your people are not lazy, Millions are on the road everyday shouting IPOB because they are jobless... Go to Kidnappers na your tribe, Robbery na your tribe, money ritual na your tribe, Drugs na your tribe, Money Laundering na your tribe... etc. Your tribe keep giving this country bad name and image. |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by honourhim: 7:46pm On Nov 13, 2015 |
[. |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by honourhim: 8:01pm On Nov 13, 2015 |
jpphilips: Tell him oo my brother. Wind don blow open south west nyash. Now they are trying hard to cover their shame. They said our land is cursed yet we are doing better than them. The Lagos that we invaded is the only state doing well in their region. What a shame for a people who have boasted being better than us over the years. |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by bashydemy(m): 8:07pm On Nov 13, 2015 |
jpphilips:Are you in this country when GEJ and Okonjo Iweala slashes States Allocation? Someone states are trying to build up to be able to attract foreign investors so as to increase their IGR and that was why they get loan to rebuild the states. Go and check how South West States Government borrow to build states before GEJ Govt slash their allocations and ask banks to stop giving loans and also be deducting the previous loans from the incoming allocations. |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by honourhim: 8:23pm On Nov 13, 2015 |
bashydemy: ![]() ![]() 2 Likes |
Re: Latest Ranking Of States By Financial Sustainability, Debt And IGR (PICS) by bashydemy(m): 11:00pm On Nov 13, 2015 |
honourhim:Why are you and your kinsmen crying when Fashola deport your brothers and sisters that are causing nuisance in Lagos? You tribe still remain slave to Yoruba's and hausa's, Your tribe will never rule this country that's for sure and no biafra.. Nnanugo? |
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