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Lagos State Generates N101Billion In 4Months - Politics (3) - Nairaland

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Lagos State Generates 436 Billion In IGR In 2016 / FG Spends N446Billion To Service Debts In 4months / Hilarious Way Abia State Generates Its IGR (2) (3) (4)

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Re: Lagos State Generates N101Billion In 4Months by desmond2pk: 5:56pm On May 09, 2016
This year, my income has come down to 10% from what I used to make. My office rent is 800k per year. I have a female worker I pay 25k monthly. My technician received 10% of whatever comes in weekly. I pay service charge of 35k monthly. I project making at least 100k weekly. When I couldn't make it, I came down to 50k. Now, I barely make 10k weekly.
Yet, lasaa, firs, lirs, local government levies etc are all over me.
I am speechless. How do you explain this?
Re: Lagos State Generates N101Billion In 4Months by Ghost01(m): 5:57pm On May 09, 2016
Only N101 billion (around $500 million) in four months and some are here screaming in jubilation. Impressive by Nigerian standard, yes, but when compared to a world class city like London that has an annual budget of £17 billion, it is paltry. We get to start somewhere though!
Re: Lagos State Generates N101Billion In 4Months by iykekelvins(m): 5:58pm On May 09, 2016
Now that's a lotta money.
Naija, I hail thee
Re: Lagos State Generates N101Billion In 4Months by Tripleclick(m): 5:58pm On May 09, 2016
FlyoruB:


Poppycock! Those chest beaters didn't do shyt. If they are so super how come they aren't replicating such feat in their region? Ogun state last IGR figures was higher than the two top states in your region's combined so you are a joker. cheesy
No be only Ogun...plus sango generates more dn all south east states.. i wonder why they still have IDP camp.

2 Likes

Re: Lagos State Generates N101Billion In 4Months by Rexyl(m): 5:58pm On May 09, 2016
I hale Lagos! She can help bail out indebted States of the SW

1 Like 1 Share

Re: Lagos State Generates N101Billion In 4Months by karkinase(m): 6:01pm On May 09, 2016
ZoggingMaster:
How the revenue don epp we the tax payers?
Help me ask dem ooo... Generating billions with no practical impact felt on the everyday man is simply BS to me. ..

1 Like

Re: Lagos State Generates N101Billion In 4Months by Tripleclick(m): 6:03pm On May 09, 2016
manie:



The Chest Beaters will do well for themselves and their unborn children, if they can replicate just 10% of their so-called achievements made in other places in their own region.

What will it profit a Chest Beater if you develop another man's land, but you neglect your own land.

I think charity begins at home, but to the chest beaters it appears charity begins in a foreign land.
Please keep quiet.. it can never be replicated at home.. cause of unavailability of resources... which Govt. provided for Lagos

1 Like

Re: Lagos State Generates N101Billion In 4Months by WIZGUY69(m): 6:03pm On May 09, 2016
Johnpaul2k2:


Those Chest beaters made Lagos what it is today?
Those Chest Beaters controls over 50% of Lagos inflow and Outflow
Those Chest Beaters dominates 60% of Lagos Populations.
Those Chest Beaters owns majority of the landing Properties in Lagos
Those Chest Beaters are coming into political power in Lagos by winning 6 House of Representatives.

Continue to make noise while Chest Beaters continue to win and win even in your own lands
....Bullshit as usual.
Just the way biafra is the most deveoped country in the world.
Aba mall is the biggest in africa.
Onitsha is the biggest city in the world. Keep believing your lies, its a free world.

7 Likes 1 Share

Re: Lagos State Generates N101Billion In 4Months by IPOB123london: 6:05pm On May 09, 2016
and that tell you how corrupt fasho thieves and thiefinu were

ndi ochi!

Tinubu is not corrupt! -PMB ?

ndi ara
Re: Lagos State Generates N101Billion In 4Months by Tripleclick(m): 6:05pm On May 09, 2016
Rexyl:
I hale Lagos! She can help bail out indebted States of the SW
And you forget Lagos has the highest debt in Nigeria.. dont boast about what you dont know
Re: Lagos State Generates N101Billion In 4Months by kinmayor(m): 6:06pm On May 09, 2016
Federal Republic Of LAGOS
Re: Lagos State Generates N101Billion In 4Months by WIZGUY69(m): 6:07pm On May 09, 2016
Cubeet:
Have you developed your Land in Osun, Oyo, Ogun and other dirty places?

Those afforementioned places are better than the caves you lot escape from by miles.

7 Likes 1 Share

Re: Lagos State Generates N101Billion In 4Months by Tripleclick(m): 6:07pm On May 09, 2016
WIZGUY69:

....Bullshit as usual.
Just the way biafra is the most deveoped country in the world.
Aba mall is the biggest in africa.
Onitsha is the biggest city in the world. Keep believing your lies, its a free world.
e pain m.. but thats the truth.. the day igbos will mention biafra.. you gux wont hesistate to remind them of their billions of investment outside East

1 Like

Re: Lagos State Generates N101Billion In 4Months by DIFY20(f): 6:09pm On May 09, 2016
are yorubas soo stupid lagos was former capital terrority fro crying out loud y not you yourbas go and increase the Oyo IGR from 16B to 100b. always boast with wat they cant achived alone
ridwanayo:
Lagos pride of nigeria,we the sophissticated west keep winning,while some people keep beating chest,they don beat chest sotey there chest flat,they cum dy beat there land now there land is un-productive hahaha

Ftc soon,it remains small

1 Like

Re: Lagos State Generates N101Billion In 4Months by Malikko(m): 6:13pm On May 09, 2016
When did quarter turn into 4 months undecided

1 Like 1 Share

Re: Lagos State Generates N101Billion In 4Months by Nobody: 6:13pm On May 09, 2016
I only need 1% of the money. grin
Re: Lagos State Generates N101Billion In 4Months by ZoggingMaster: 6:14pm On May 09, 2016
If u see what I've paid as tax in the past three years, you go know why I neva become Landlord in Lagos
yemmight:


You dey pay tax?
Re: Lagos State Generates N101Billion In 4Months by Nobody: 6:14pm On May 09, 2016
No light, no water, few roads, no monorail. Still a village
Re: Lagos State Generates N101Billion In 4Months by manie(m): 6:14pm On May 09, 2016
desmond2pk:
This year, my income has come down to 10% from what I used to make. My office rent is 800k per year. I have a female worker I pay 25k monthly. My technician received 10% of whatever comes in weekly. I pay service charge of 35k monthly. I project making at least 100k weekly. When I couldn't make it, I came down to 50k. Now, I barely make 10k weekly.
Yet, lasaa, firs, lirs, local government levies etc are all over me.
I am speechless. How do you explain this?

Business owners are the one suffering the increase in income by LASG. The new Chairman of LIRS may end up killing small businesses in Lagos. I just got a letter from LIRS for my PAYE tax audit from 2009 to 2014 and I was billed a tax liability of N2.6 million, eventhough I paid my income tax as at when due.

I have written them, challenged the tax audit and made additional payment of 30k, waiting for their invite in 4 to 6 months time so as to compare notes and records.


LASSA collects about 50k per annum for advert, land use charge is about 100k per annum, PHCN is about 500k per annum, local govt papers for my buses is 40k, vehicle license and insurance etc is over 100k. Land use charge is also over 100k per annum.

Do not be surprised if Lagos makes more than N100billion in the current quarter, because prosecution of tax defaulters will commence in the quarter.
Re: Lagos State Generates N101Billion In 4Months by manie(m): 6:16pm On May 09, 2016
Tripleclick:
Please keep quiet.. it can never be replicated at home.. cause of unavailability of resources... which Govt. provided for Lagos









Can you please outline some of the resources, so that we can share ideas.

1 Like

Re: Lagos State Generates N101Billion In 4Months by manie(m): 6:19pm On May 09, 2016
Tripleclick:
And you forget Lagos has the highest debt in Nigeria.. dont boast about what you dont know


Dangote also has the highest debt in Nigeria if not in Africa, yet financiers are still willing to loan him more funds.

There is no big deal on the size of your debt provided you are capable of servicing it as at when due, what matters is your credit rating and I guess Lagos has one of the best ratings among the states in Nigeria.

3 Likes

Re: Lagos State Generates N101Billion In 4Months by 1metre: 6:20pm On May 09, 2016
Basilsekav:
Imagine that kind of revenue a state is generating in a first quarter. This shows that lasgidi can be a state on its own without federal allocation. If other states can generate as much as this imagine how developed Nigeria could be.
how developed is lagos
Re: Lagos State Generates N101Billion In 4Months by Tripleclick(m): 6:22pm On May 09, 2016
manie:



Dangote also has the highest debt in Nigeria if not in Africa, yet financiers are still willing to loan him more funds.

There is no big deal on the size of your debt provided you are capable of servicing it as at when due, what matters is your credit rating and I guess Lagos has one of the best ratings among the states in Nigeria.
Have you cared to check the size of debt of lagos state? and tell how lagos can service it when they are borrowing more
Re: Lagos State Generates N101Billion In 4Months by Tripleclick(m): 6:25pm On May 09, 2016
manie:




Can you please outline some of the resources, so that we can share ideas.
Stop acting like you are new in Nigeria... if you dont know them.. then stop Shoving "Charity begins at home" quote down our throat
Re: Lagos State Generates N101Billion In 4Months by IamAtribalist: 6:26pm On May 09, 2016
berrystunn:


#
Usu or udene, which one will I address with...

Note that Nnewi can fund the national budget
Watch the Interview with former chairman of labour party made a statement that " Nnewi is richer than Nigeria" you can search Impact360 with kambili interview with chief iwuanyanwu.

5 Likes

Re: Lagos State Generates N101Billion In 4Months by omokab: 6:28pm On May 09, 2016
Johnpaul2k2:


Those Chest beaters made Lagos what it is today?
Those Chest Beaters controls over 50% of Lagos inflow and Outflow
Those Chest Beaters dominates 60% of Lagos Populations.
Those Chest Beaters owns majority of the landing Properties in Lagos
Those Chest Beaters are coming into political power in Lagos by winning 6 House of Representatives. Truely you are chest beater. A chest beater that control over 60 percent of the population in lagos and cannot win election for their looting son in presidential election and PDP in governorship election in lagos. Shame on you the chest beater.

Continue to make noise while Chest Beaters continue to win and win even in your own lands
Re: Lagos State Generates N101Billion In 4Months by manie(m): 6:28pm On May 09, 2016
Tripleclick:
Have you cared to check the size of debt of lagos state? and tell how lagos can service it when they are borrowing more







Financiers will not grant more loans if the current one is not performing.
Re: Lagos State Generates N101Billion In 4Months by codemaniacs: 6:28pm On May 09, 2016
manie:


Business owners are the one suffering the increase in income by LASG. The new Chairman of LIRS may end up killing small businesses in Lagos. I just got a letter from LIRS for my PAYE tax audit from 2009 to 2014 and I was billed a tax liability of N2.6 million, eventhough I paid my income tax as at when due.

I have written them, challenged the tax audit and made additional payment of 30k, waiting for their invite in 4 to 6 months time so as to compare notes and records.


LASSA collects about 50k per annum for advert, land use charge is about 100k per annum, PHCN is about 500k per annum, local govt papers for my buses is 40k, vehicle license and insurance etc is over 100k. Land use charge is also over 100k per annum.

Do not be surprised if Lagos makes more than N100billion in the current quarter, because prosecution of tax defaulters will commence in the quarter.

is paying lasaa and local govt compulsory... I thought it was only lirs that collect tax.
Re: Lagos State Generates N101Billion In 4Months by manie(m): 6:30pm On May 09, 2016
codemaniacs:


is paying lasaa and local govt compulsory... I thought it was only lirs that collect tax.

LASAA is compulsory for advert and publicity, local goverment have certain taxes, dues and rates which they collect from businesses.
Re: Lagos State Generates N101Billion In 4Months by popsonbj: 6:30pm On May 09, 2016
Johnpaul2k2:


Those Chest beaters made Lagos what it is today?
Those Chest Beaters controls over 50% of Lagos inflow and Outflow
Those Chest Beaters dominates 60% of Lagos Populations.
Those Chest Beaters owns majority of the landing Properties in Lagos
Those Chest Beaters are coming into political power in Lagos by winning 6 House of Representatives.

Continue to make noise while Chest Beaters continue to win and win even in your own lands

Is it not foolish on the part of the Cheat beaters to
keep dominating and developing Lagos while their
states are backward?

2 Likes 1 Share

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