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Re: What Does The S/west Produce That Compares With The North? by Tobrasky: 12:27am On Apr 18, 2020 |
Iegendher0:I'm doing summer 19 now, let's go in the order of semesters I did Fall of 19 and from my compilations Yorubas had 27, Igbos 18, SS 9, and I'm not sure but what seemed like an Hausa name 1. I would call it a landslide for Yorubas here tbh. I'm now compiling data for summer grads. |
Re: What Does The S/west Produce That Compares With The North? by Iamgrey5(m): 12:27am On Apr 18, 2020 |
Tobrasky:How many Plateau people did you see in the admission list or perhaps the number of Hausa Fulani and Platuea native Muslims has affected the university adminssion criteria? And what will be the data of Yorubas if you subtract Lagos, I bet Plateau should be more than the Yorubas or perhaps we should add the students from Christian republic of middle belt? I am just asking for a friend oh @ Nowenuse did I get your thought process right? 2 Likes |
Re: What Does The S/west Produce That Compares With The North? by Iegendher0: 12:32am On Apr 18, 2020 |
1 Like |
Re: What Does The S/west Produce That Compares With The North? by Tobrasky: 12:53am On Apr 18, 2020 |
Iamgrey5:Plateau no get anybody ooo, Nowenuse na my guy but Hmmmm, make I no talk sha |
Re: What Does The S/west Produce That Compares With The North? by gwafaeziokwu: 1:09am On Apr 18, 2020 |
NigerianSage: At the end of the day, the reality is that you know zero economics Take your time to read this report States in Fiscal Distress editorFebruary 18, 2020 4:39 Am None of Nigeria’s 36 states could fully fund their 2019 budget with funds they received from both the federation account and internally generated revenues. In most cases, the funds couldn’t pay up to 50 per cent of their expenditures, writes Chineme Okafor. A new quarterly report – ‘analysis of 2019 FAAC disbursements’ – which the Nigeria Extractive Industries Transparency Initiatives (NEITI) released recently, has disclosed that states in Nigeria are in financial distress. The report provided an analysis of the payout to the states by the Federation Accounts Allocation Committee (FAAC) for the year 2019. It used from the National Bureau of Statistics (NBS), NEITI’s attendance at FAAC meetings, and the Office of the Accountant General of the Federation to assess and reveal the financial struggles of the states. According to the report, in 2019 the total FAAC disbursements were N8.147 trillion with the federal government’s share amounting to N3.376 trillion while the states and local governments got N2.761 trillion and N1.649 trillion respectively. From the FAAC earnings of the states, the report also showed that a state – Osun – got the lowest disbursed figure of N24.14 billion in 2019 while Delta got the highest figure of N218.58 billion. In percentage terms, Osun’s FAAC earnings was only able to cover 37 per cent and 15.63 per cent of its recurrent and budget expenditures. What they earned from FAAC In its analysis of the disbursement patterns, the NEITI disclosed that three states received less than N40 billion from the FAAC in 2019, and they included Osun – N24.14 billion, Cross River – N36.22 billion and Ogun – N38.63 billion. It further stated that nine states received between N40 billion and N49 billion and they were Gombe which got 40.93 billion, Ekiti – N41.2 billion, Zamfara – N41.67 billion, Plateau – N42.13 billion, Kwara – N42.35 billion, Ebonyi – N44.54 billion, Nassarawa – N44.78 billion, Taraba – N46.43 billion, and Adamawa which was paid 48.25 billion from the FAAC. Additionally, 14 states received between N50 billion and N59 billion. They included Yobe (N51.51 billion), Enugu (N51.89 billion), Abia (N51.93 billion), Kogi (N52.23 billion), Bauchi (N52.25 billion), Kebbi (N52.81 billion), Anambra (N53.8 billion), Benue (N54.24 billion), Sokoto (N55.38 billion), Oyo (N55.7 billion), Imo (N55.95 billion), Niger (N56.34 billion), Ondo (N57.79 billion), and Jigawa (N58.76 billion) while four states which received between N60 billion and N69 billion were Borno (N61.6 billion), Katsina (N63.14 billion), Edo (N64.43 billion), and Kaduna (N66.98 billion). Kano State received N82.34 billion. Amongst the states which got more than N100 billion from the FAAC were Lagos – N117.76 billion, Bayelsa – N139.69 billion, Rivers – N158 billion, Akwa Ibom – N171.43 billion and Delta – N218.58 billion. The NEITI report informed that four of the five states in the highly-paid categories were in the Niger Delta region – Rivers, Akwa Ibom, Bayelsa and Delta, and they earned that much on the back of the 13 per cent derivation principle. Despite their earnings, the NEITI explained that the states could not stay financially buoyant in 2019. It noted that net disbursements were only adequate in covering the recurrent expenditure of 15 states and inadequate in covering the full budgets of all the states. “The values (net FAAC disbursements expressed as a percentage of recurrent expenditure) range between 36.9 per cent in Osun State and 151.8 per cent in Akwa Ibom State. The percentages were below 100 per cent in 21 states: Osun, Ogun, Oyo, Plateau, Kogi, Lagos, Kwara, Ondo, Abia, Ekiti, Adamawa, Taraba, Gombe, Edo, Bauchi, Niger, Benue, Sokoto, Cross River, Jigawa and Enugu. “For these states, the implications are that net FAAC disbursements alone cannot service their recurrent expenditure. Thus, for their most basic expenditure, these states have to rely on both FAAC disbursements and IGR,” said the report. “There are 15 states where the net FAAC disbursements expressed as percentage of recurrent expenditure was above 100 per cent. These states are: Bayelsa, Zamfara, Kano, Nassarawa, Delta, Katsina, Kaduna, Rivers, Anambra, Borno, Imo, Yobe, Ebonyi, Kebbi and Akwa Ibom. “These figures mean that these states were able to fund their recurrent expenditure completely from their net FAAC disbursements. Thus, excess funds would be left for capital expenditure,” it added. The NEITI also indicated that in terms of net FAAC disbursements expressed as a percentage of the state budgets for 2019, they ranged from 3.4 per cent in Cross River to 56.2 per cent in Yobe. According to it, “the figures clearly indicate that no state was able to finance its total budget based on FAAC disbursements alone.” It stated that the situation appeared quite critical, “as this percentage was above 50 per cent in only two states: Delta State (56 per cent) and Yobe State (56.2 per cent).” “Thus, for almost all states, FAAC disbursements were quite inadequate in servicing their budgets. These states would need IGR to fulfil this purpose,” the NEITI further explained. In terms of total revenue expressed as percentage of budgets, the NEITI equally stated that the total revenue of the states which included net FAAC disbursements and Internally Generated Revenue (IGR) ranged from 5.9 per cent in Cross River state to 72.9 per cent in Delta State. “These percentages show that even with the addition of IGR to FAAC disbursements, no state can independently finance its budget. Thus, all states would be faced with the option of either not fully implementing their budgets or borrowing to achieve this,” the NEITI said. The report thus indicated that in Cross River for example where its government proposed a budget estimate of N1.043 trillion tagged budget of `Qabalistic Densification’ in 2019, it was only able to fund it by a meagre 5.9 per cent. Better oil price could save the day Pointing to oil price variations as one of the reasons for low FAAC earning by the states in 2019, the NEITI therefore suggested that a healthier oil price in 2020 could help the states beat back their financial troubles.
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Re: What Does The S/west Produce That Compares With The North? by gwafaeziokwu: 1:26am On Apr 18, 2020 |
I think it's high time you guys start asking smart questions from your leaders. How can Lagos and Ogun (whose igr is more than the entire south east ) not be able to take care of recurrent expenditure. Their igr and huge allocation cannot fund up to 50% of their budget Who is fooling who bikonu Where is this money disappearing to. While Anambra, Imo and Ebonyi comfortably settled their recurrent expenditure with FAAC disbursements, there fore leaving room for capital expenditure with their igr no matter how little. No southwest state cleared their recurrent expenditure completely with FAAC disbursements. Meaning that backlog of "gbese" plenty. Governance is not all about taxing the living daylight out of businesses It is about prudent management of resources 2 Likes |
Re: What Does The S/west Produce That Compares With The North? by NigerianSage: 1:55am On Apr 18, 2020 |
[s] gwafaeziokwu:[/s] Sorry, my friend, this is so off-topic and absolutely irrelevant. The Topic is about contribution, not FAAC allocation. 4 Likes 1 Share |
Re: What Does The S/west Produce That Compares With The North? by NigerianSage: 2:08am On Apr 18, 2020 |
gwafaeziokwu: Nigeria: 2020 Budget - Only 4 States Are Viable in Nigeria - Report Stop lying, not a single state in the SE is running without deficits and huge recurrent overruns. Do you people lie because you think we are stupid or that we don't fave access to google? 3 Likes |
Re: What Does The S/west Produce That Compares With The North? by gwafaeziokwu: 2:12am On Apr 18, 2020 |
NigerianSage: Of course you are too dull to digest the post. You claimed that Ogun state economy alone will swallow that of whole south eastern states And I ask why is it difficult for your rich states to meet up with their recurrent expenditure. Why are you struggling to meet up with your fiscal obligations despite swimming in revenues and wealth? 2 Likes |
Re: What Does The S/west Produce That Compares With The North? by Anambralstson: 2:16am On Apr 18, 2020 |
NigerianSage:Dull brain 3 Likes
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Re: What Does The S/west Produce That Compares With The North? by Anambralstson: 2:23am On Apr 18, 2020 |
These are states that couldn't sustain themselves when oil price was down
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Re: What Does The S/west Produce That Compares With The North? by Anambralstson: 2:26am On Apr 18, 2020 |
Keep making silly arguments when you are empty 1 Like |
Re: What Does The S/west Produce That Compares With The North? by gwafaeziokwu: 2:29am On Apr 18, 2020 |
NigerianSage: I said it before that you are too dull. Even when you can clearly see the source of my post ,you are still calling me a liar If you have any qualms with the above analysis direct your anger to FAAC or This day news paper. Meanwhile the fact remains that, southwest states are struggling in their fiscal responsibilities despite their huge igr. The question is WHY? |
Re: What Does The S/west Produce That Compares With The North? by gwafaeziokwu: 2:35am On Apr 18, 2020 |
Anambralstson: Don't mind him. Once they hear East all their hairs will stand gidigbam Simple 1+1=2 ,they can't decipher 1 Like |
Re: What Does The S/west Produce That Compares With The North? by NigerianSage: 2:45am On Apr 18, 2020 |
[s] gwafaeziokwu:[/s] Dummy argument. The fact that Ogun state can or can not meet recurrent expenditure doesn't mean Ogun state's IGR is not more than what all your SE states generate combined. What you should be proving to me is that your SE states generate more money than Ogun state and if you can not do that, then go away with that lame and elementary argument. 3 Likes |
Re: What Does The S/west Produce That Compares With The North? by NigerianSage: 2:55am On Apr 18, 2020 |
[s] Anambralstson:[/s] Nigeria: 2020 Budget - Only 4 States Are Viable in Nigeria - Report It says only 4 states, excluding all your SE states. In fact, you are duller than dull, I quoted a credible newspaper report quoting the man in charge of the report at BudgIT itself. Read and comprehend if you know how to which I doubt. Is till don't know your sustainability rubbish change the fact that Ogun generates more IGR than all your SE states combined. 2 Likes |
Re: What Does The S/west Produce That Compares With The North? by gwafaeziokwu: 2:57am On Apr 18, 2020 |
NigerianSage: Finally you are confirmed OLODO square You have more IGR but can't take care of your needs. While eastern states have less igr but are taking care of their problems. And then somehow you feel better off than those who rank higher than your states in sustainability index. Are you okay at all? |
Re: What Does The S/west Produce That Compares With The North? by gwafaeziokwu: 3:01am On Apr 18, 2020 |
NigerianSage: How else can this table be explained to you? I don't speak Yoruba, may be that might help.
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Re: What Does The S/west Produce That Compares With The North? by NigerianSage: 3:02am On Apr 18, 2020 |
[s] gwafaeziokwu:[/s] Ogun state generates more IGR than all your poo SE states combined. Now, chew on that.. 3 Likes
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Re: What Does The S/west Produce That Compares With The North? by NigerianSage: 3:05am On Apr 18, 2020 |
[s] gwafaeziokwu:[/s] Nigeria: 2020 Budget - Only 4 States Are Viable in Nigeria - Report How else can this artivle be explained to you? 1 Like |
Re: What Does The S/west Produce That Compares With The North? by gwafaeziokwu: 3:05am On Apr 18, 2020 |
NigerianSage: Yet the same BudgIT is saying that if federal allocation cease coming to states, that Anambra even while having low igr has a better chance of survival than Ogun state. Please how do you explain that |
Re: What Does The S/west Produce That Compares With The North? by NigerianSage: 3:09am On Apr 18, 2020 |
See how quickly they are trying to change the topic to console themselves.. You can dance around all you like, but you can not change the fact that Ogun state generates more money that all your poor SE states. You can not change the fact that Lagos state, the SW and the SS account for 71% of the Nigerian economy. Bark all you want, but I see nothing but futility. 2 Likes |
Re: What Does The S/west Produce That Compares With The North? by NigerianSage: 3:12am On Apr 18, 2020 |
[s] gwafaeziokwu:[/s] I'm not interested in your pointless argument, Ogun state generates more money than all your poo SE states combined. PERIOD. 1 Like |
Re: What Does The S/west Produce That Compares With The North? by gwafaeziokwu: 3:19am On Apr 18, 2020 |
NigerianSage: Be specific. This is how contribution to Nigeria economy is divided. Now tell me where your 71% features
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Re: What Does The S/west Produce That Compares With The North? by gwafaeziokwu: 3:24am On Apr 18, 2020 |
NigerianSage: Your leaders are really using this igr to "whine" your brains so that you won't ask basic questions. |
Re: What Does The S/west Produce That Compares With The North? by NigerianSage: 3:35am On Apr 18, 2020 |
[s] gwafaeziokwu:[/s] I'm not interested in your pointless argument, Ogun state generates more money than all your poo SE states combined. PERIOD......... 3 Likes |
Re: What Does The S/west Produce That Compares With The North? by NigerianSage: 3:40am On Apr 18, 2020 |
The SW region contributed 14 percent of the total IGR in 2016; this was followed by 13 percent in 2017, and in 2018, the contribution of the region stood at 14 percent. So, if economic vibrancy in Nigeria is captured by the amount of IGR state governments make, the Nigerian economy is just among three regions-Lagos, South-South and South West; the rest are not in the equation. The three aforementioned economies, Lagos, SS and SW, contributed 75 percent of the IGR in 2016; 72 percent in 2017, and 71 percent in 2018.. That's all... 3 Likes |
Re: What Does The S/west Produce That Compares With The North? by gwafaeziokwu: 3:40am On Apr 18, 2020 |
NigerianSage: I understand your frustration This is clearly above your pay grade Oya run along Mr IGR |
Re: What Does The S/west Produce That Compares With The North? by NigerianSage: 3:45am On Apr 18, 2020 |
[s] gwafaeziokwu:[/s] I'm not interested in your pointless argument, Ogun state generates more money than all your poo SE states combined. PERIOD...... 1 Like |
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