cstr1000:

Anambra state has better educational indices than lagos state. Even healthcare too.
Lagos is a shitt-hole. She ranks very low in many national indices aside from churning out huge IGR from foreign investors who have no better option anyway.
What is lagos doing with her money?

Stop trying to impress me with what we already know about the typical silly, delusional, ignorant and intelligent ipob rants .


You are better than everybody, but you wake up every morning, crying, shouting and wailing marginalization.


Freeking comedians.

To all does always supporting Osun governor for building school blocks. Does this loan justify what is on ground in terms of development in our state at all. I thought PDP were wicked but APC certainly are the sons of Lucifer.

Yyeske:
Lagos could become another Greece if she is not careful, how many pay taxes there coupled with the huge debt they need to service? IGR and federal allocation can't cover the debt so Ambode should call Obiano to educate him.
FYI, the Greeks borrowed so much but so many never paid their taxes just like in Lagos

Just check Lagos IGR in relation to their debt and compare their IGR debt coverage ratio to other states, I think you'll find Lagos is probably in the healthiest position of all the states.

Bagehot:


I really dont like arguing here cos I realized that a majority here are not learned people, but occasionally seek to educate those who really want to learn. In public finance, it is not a virtue to say you are not owing, as you are only short-changing yourself and not optimizing your cash-flow. The whole idea is that saying you would live within your N100 per annum is poor finance, when you can accomplish projects worth N160 per annum, repay the deficit N60 over a long term of say 10 years, and in the meanwhile improve the economic outlook of your state in improving its productivity in such a way that justifies the loan you have taken.

Where public debt becomes a problem is when you borrow and embezzle practically the entire loan, borrow unsustainably such that you run bankrupt in a few years, or borrow at ridiculous rates perhaps using the wrong instruments (i.e financing infrastructure spending with bank loans at 23% instead of bonds at say 8%).

please mr lecturer
Please can you explain how officials in lagos have embezzle the entire money they borrowed

Plus where in the report did you see that lagos borrowed at 23%

Do you know states in nigeris issue bonds and most countries in Africa borrow from the infrastructure bank of china to finance certain projects

Yall should continue arguing about Lagos, the last I checked, Lagos controls a whooping 30% of Nigeria GDP, in a nutshell, if Lagos were to crash, Nigeria is crashing alongside it. Instead of asking how can Anambra come close to controlling the sheer size of Nigeria, you guys are busy arguing about debt. Whether Lagos is the largest known debtor or not, you cannot take away the fact that it's debt is directly related to it's economic activity. The LASG is indebted in other to improve infrastructures that attract economic activity. Continue hating on Lagos, instead of brainstorming on ways to increase economic activity in Anambra.

deomelo:



Stop trying to impress me with what we already know about the typical silly, delusional, ignorant and intelligent ipob rants .


You are better than everybody, but you wake up every morning, crying, shouting and wailing marginalization.


Freeking comedians.

Trying to impress you? Wetin concern me?
I am not the one to pay the lagos debts, sorry.
You know the truth, I know the truth, everybody know the truth.

Okwute001:
which infrastructure? The one that was built by private investors? Akwaibom has a far better infrastructure than Lagos. Even abuja and Enugu are far better. Infact, Lagos is a slum..Quote me anywhere and I will defend myself..

Fella when we say Lagos we ain't talking about a city we mean a state. The exception here is Abuja

Larryton:







A state like Lagos needs borrowing for massive infrastructural development, and I believe you and I can witness the dividend of well spent (debt) on infrastructure, it's also possible that some states may have borrowed less cos they don't really know what they can spend money on that will better the live of their people and even generate more IGR for their state. Thumbs up Lagos State, we all know the in coming years the IGR will be triple.

Indeed I have never been against borrowing for production and development. I have always supported it. In fact I posted this thread because one nairalander nwabobo was spreading fake news about Anambra governor plunging the state into debt. My problem is with states like Osun that has zero economic activity being one of the most indebted states. very bad... I also I dont think Lagos people are fully getting the value of their debts considering their IGR and allocations

globemoney:

Peter obi did very well in propaganda, he put a lot of Anambra youths like nwabobo, mopolchi on 10k monthly salary to deceive the gullibles while he was busy looting the state. Thank God Anambra now has a visionary governor for the first time, the people can now see the difference between real governance and propaganda

Abeg tell them oh, Peter obi and his crooked voice, no infrastructure, well thank God he didn't embezzle all the money.

globemoney:
Is that the insults? iti. Come on zu zu puo ezi

ANU MPAMA

kimbraa:
I expected Lagos State to be the least indebted State 'cause of its allocation and what it generates yearly.

Public borrowing is a very important aspect of public finance

The most important thing is that the money is spent on capital expenditure not recurring expenditure
For example,
Greece was borrowing to finance recurring expenditure, like paying salaries of workers and so on...at that point it was sending way much than it was making. Thus, the need the need to file for bankruptcy at a point

Another important thing is "debt to Gdp" ratio
Gdp( gross domestic product)
As long as the debt to gdp ratio is low, then the state is fine

Lagos have the largest gdp of any state in Nigeria( almost three times it's nearest competitors) and it is rumored to be the fifth largest in Africa
So its debt profile will be much higher than most state

globemoney:
[s]Anambra, no bailout funds, low debt profile and yet no civil servant is being owed salaries. Willie Obiano for president![/s]

Mumu. It appears that you are suffering from dementia. How could you forget that he was handed over a lump sum of 75bn naira? Despite the fact of this, Akwatuodike Aguleri has not only squandered such inheritance, he has gradually led the state to debt. Until he does an account for this, he is going come November 18 2017.

Ibime:


Just check Lagos IGR in relation to their debt and compare their IGR debt coverage ratio to other states, I think you'll find Lagos is probably in the healthiest position of all the states.

Story for the gods, just tell the lagos state government to reduce it's debt

Bolustical:

Tinubu's years of 'mismanagement' has made Lagos the 5th largest economy in Africa,

At least, you cannot compare it with the years of 'judicious spendings' of Orji Uzor Kalu, T.A Orji, Sam Egwu, Martin Elechi,

Tinubu's 'mismanagement' has made the likes of Evans desert the SE for more money in Lagos,

In fact, his 'mismanagement' caused Akwa Ibom government to go against the will of its people by planning to build a 21 storey mansion in Lagos,

Down deep in your heart, we know you want such 'mismanagement' in your state.

Pls keep shut up
Tinubu has finished Lagos .
With the status of Lagos in Nigeria it should be the no one economy in Africa.
The fg gave everything to Lagos to the detriment of other states .
Sea ports ,airports fédéral parastatals etc Lagos was highly favoured .
Lagos should have developed beyond What it is today,but for tinubu's wreckage n looting of the state's treasury.

The truth is Obiano is doing fairly well. Anambra has fared quite well under his tenure just as it did under Obi.

However my grudge about Obiano is his abject neglect of Nnewi.

Nnewi is one of the most popular towns in Anambra state yet it has no single state government presence.
The only infrastructure there is the dilapitating road leading from Ozubulu into Nnewi built by Ngige over ten years ago yet Nnewi remains the main source of I'm for the state government, isn't that unfortunate?

Look at the deplorable state of traffic light, roundabout and Nkwo Nnewi.

It's a very sad situation Anambra state indigens have found themselves in.
An airport in Nnewi will do a whole lot of good.

Peter Obi thank you for saving this state from debt. The mumu now is claiming your success.

South west debt is high because they spent big money to push away pdp.

Anyway, it was their sw man obj that put the country on the path to hell.

But those sw governors joined with like minds across the country fought tooth and nail to remove pdp.

I tell you, it was an enormous achievement.

Mopolchi:
Mumu. It appears that you are suffering from dementia. How could you forget that he was handed over a lump sum of 75bn naira? Despite the fact of this, Akwatuodike Aguleri has not only squandered such inheritance, he has gradually led the state to debt. Until he does an account for this, he is going come November 18 2017.

Your own na small case, is not 10k monthly stipend you get from obi that is making you run mad. Keep posting fake documents as evidence of money obi left behind... Peter obi must have used your brain for ritual

cstr1000:

Trying to impress you? Wetin concern me?
I am not the one to pay the lagos debts, sorry.
You know the truth, I know the truth, everybody know the truth.

The truth? Unfortunately for you and your kind, the truth is not the ignorance and delusions that you people peddle about your backward villages hence the reason why you cry, scream and yell marginalization.


You states collect taxes and allocations, but nothing to show for it.

You say you have the best, you are not indebted, you are the best thing since slice bread, but you can not show us anything to justify your chest beating, the only thing you keep bothering us with is marginalization that you don't have anything while at the same time claiming you are the best. Is this confusion of the usual delusions and empty and shallow chest beating.? I think it's all of the above.

buchilino:


ANU MPAMA

Willie Obiano is still Anambra best governor till date, say it loud, iti

deomelo:



The truth? Unfortunately for you and your kind, the truth is not the ignorance and delusions that you people peddle about your backward villages hence the reason why you cry, scream and yell marginalization.


You states collect taxes and allocations, but nothing to show for it.

You say you have the best, you are not indebted, you are the best thing since slice bread, but you can not show us anything to justify your chest beating, the only thing you keep bothering us with is marginalization that you don't have anything while at the same time claiming you are the best. Is this confusion of the usual delusions and empty and shallow chest beating.? I think it's all of the above.

Keep talking without any cogent point just to win a bragging right that you know has no merit.
A third world state with such humongous debts is fine by you?
Keep talking. Are you not a loquacious Yoruba lout? It is in your blood. Government sponsored Attack dogs.
Okupe and femi adeshina says Hi.

.

globemoney:

Willie Obiano is still Anambra best governor till date, say it loud, iti

See comedy.


Governor with one of the lowest IGR and poor budgets in Nigeria is the best and to make matters worse, after so many years in office, no projects to show after the small village substandard gather bridge..


I guess it doesn't take much to be the best in your village

cstr1000:

Keep talking without any cogent point just to win a bragging right that you know has no merit.
A third world state with such humongous debts is fine by you?
Keep talking. Are you not a loquacious Yoruba nigger? It is in your blood. Government sponsored Attack dogs.

Boring...stick to your delusions abeg.

tivta:

Peter obi did absolutely nothing Madam

Are you for real?

Mopolchi:
Peter Obi thank you for saving this state from debt. The mumu now is claiming your success.

Tell peter obi your oga to send the account number let me send the 7 billion he is requesting from Obiano.. I get enough money

deomelo:




Boring...stick to your delusions abeg.

Coming from someone praising unprecedented corruption and backwardness.
You are so deluded to even compare lagos to well-established nation states with verifiable evidence of good governance.
God forbid that I disabuse a Yoruba mind of its own folly. Who has that time?
I am done with you.

sunshineG:

Public borrowing is a very important aspect of public finance

The most important thing is that the money is spent on capital expenditure not recurring expenditure
For example,
Greece was borrowing to finance recurring expenditure, like paying salaries of workers and so on...at that point it was sending way much than it was making. Thus, the need the need to file for bankruptcy at a point

Another important thing is "debt to Gdp" ratio
Gdp( gross domestic product)
As long as the debt to gdp ratio is low, then the state is fine

Lagos have the largest gdp of any state in Nigeria( almost three times it's nearest competitors) and it is rumored to be the fifth largest in Africa
So its debt profile will be much higher than most state

You made lot of sense, in economic terms.

The truth is, Anambra state will attract a whole lot of unprecedented economic growth and general development if the government will turn it's attention towards Nnewi town.

Massive infrastructural investments in Nnewi are what the government needs to do.
-dualize the major roads, construct a flyover, repair the deteriorating roads, finish the shopping mall,restructure and invest in Nkwo Nnewi.

Anambra state needs an airport situated at Nnewi if it is to attain great economic heights.

Anambra needs Nnewi in order to achieve unimaginable economic development.
Sadly, successive state government administration's have conveniently ignored this.

It is a pity!

kimbraa:
You made lot of sense, in economic terms.

you are not serious

proudlyYoruba:
Fella when we say Lagos we ain't talking about a city we mean a state. The exception here is Abuja

lagos state + Lagos city= dustbin.. get out of Lagos state and see.. come to 042 and see wonders...visit akwaibom too.. people like you have lived in Lagos all their life.

sunshineG:
you are not serious

Lol, I'm actually serious. Did you study Economics?.