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Nairaland Forum / Nairaland / General / Politics / Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 (1190 Views)
Servicing Debt With 90% Revenue Path To Destruction — Tinubu / Tinubu: I Won’t Sustain Failed Theory Of Servicing Debt With Scarce Revenue / Osun State Flirts With Insolvency, Spends 91% Of FAAC Servicing Debt In Q1(pics) (2) (3) (4)
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Gracchus: 2:23pm On Aug 09, 2020 |
post=92628349:Is this all you have in defence old fool? I thought everyone should face the politics of his region, why is tinubu giving you sleepless nights? Is he the one bleeping your wife or he fuccked your godforsakem mother too, huh? Like a your useless tribesmen who carry tinubu matter for head, y'll should face the politics of your region, our politics is none of your godammed business, same way we don't give ratass about the politics of your irrelevant region. 4 Likes 1 Share
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Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by ThatFairGuy: 2:24pm On Aug 09, 2020 |
Obalatule:NUISANCE ![]() Those are for the Easterners not Osun ![]() 1 Like 1 Share |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Anambra1stS0n: 2:24pm On Aug 09, 2020 |
Gracchus: ![]() ![]() ![]() |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Obalatule: 2:25pm On Aug 09, 2020 |
Gracchus:Agbero Grandpa will be exposed to set yeroba free, this is a task that must be done ![]() 2 Likes |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Gracchus: 2:26pm On Aug 09, 2020 |
LegendHero:I swear it's very very ironic.... Coming from people who can't sit their ass in their own region complaining about some so called people coming to their region, Lmao. I hope when the chips are down, they are ready for a what will come when its time for everyone to fucck off to where they came from, I swear to God, their will be no mercy. 3 Likes |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by ipodstinks: 2:27pm On Aug 09, 2020 |
post=92620170:Lol, aitete mole, ole n mu oloko. See person that knows the name of all senators and governors in southwest talking about people concern about their east. Lol. As i am here, I don't know the name of imo governor. Keep fooling yourself. 1 Like |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Gracchus: 2:27pm On Aug 09, 2020 |
[s][/s] Obalatule:[s][/s]Yea, exposed him cos he raped your mother huh? You better focus your energy on your erosion state 1 Like |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by LegendHero(m): 2:27pm On Aug 09, 2020 |
Gracchus: Lol from the screenshots you attached, see how the Igbos are discussing how to remove Tinubu from leadership. One of them said they should carry out a scheme where all the churches in Lagos will go against Tinubu while another of his disciples warned them that Tinubu wife herself is a deaconess. Then they all got confused and later left the situation in God’s hand. Why do they devote that much time in discussing about removing someone in far away Yorubaland in their numbers? Could it be that these people are sufferings from severe Tinubu hating syndrome? 2 Likes 2 Shares |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by ipodstinks: 2:28pm On Aug 09, 2020 |
Gracchus:Lol 1 Like |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Gracchus: 2:28pm On Aug 09, 2020 |
ipodstinks:wallai I had a good laugh chaii...can you just imagine such, coming from world renowned vagabonds ooo.... 2 Likes |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by ipodstinks: 2:30pm On Aug 09, 2020 |
LegendHero:Kikikikikikiki |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Anambra1stS0n: 2:32pm On Aug 09, 2020 |
For every N100 shared to the Osun State government as revenue allocation from the federation account (FAAC), N91 has deducted to service its debt, a pointer to how the state’s fiscal crisis has moved from bad to worse. The southwestern state has been grappling with years of backlogs of unpaid salaries owing to what analysts described as failure of the government to judiciously harness the revenue potentials of huge human and capital resources, and fresh data emanating have painted a clearer picture of how worse its financial position has got. The state may even be on the brink of seeking life support. Of the N6.44 billion obtained as revenue from FAAC in the month of January through March, Osun State spent a whopping 91 percent or N5.87 billion of the amount servicing its debt, according to data compiled by BudgIT, a non-governmental organisation that tracks fiscal expenditure of the government. That’s seven times more than the amount Yobe, a state with a similar size to Osun, spent as a deduction for debt in the period. It is also the highest deduction done ever on any of the 36 states as a percentage of FAAC, showing how terrible the fiscal situation of the state is at present. 1 Like
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Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Anambra1stS0n: 2:33pm On Aug 09, 2020 |
See as Osun people carry debts 2 Likes
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Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Gracchus: 2:33pm On Aug 09, 2020 |
LegendHero:Lol. That has always been their headache, it gives them sleepless nights in that region. They even talked about using the church to counter Tinubu, lol, like the thread omenka created yesterday, that is one reason why tinubu will get more support from Yorubas that have hitherto been opposing him. I mean, you can't leave your own problems and concentrate on that of others, how can you be from Anambra state and even be living in Anambra, 500kiloemtres away and be having an erection at the mention of Tinubu, when over here, an average Yiru a man in the street give no ratass about anything happening in their tiny region. Like I said on omenka the read, Yorubas need to really wake up and smell the coffee, these people are not opposing tinubu because they detest corruption but for their hatred for anything Yoruba.... We must continuously learn to match their hate with hate back, thankfully, we share nothing in common with them. 2 Likes 1 Share |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by gwafaeziokwu: 2:33pm On Aug 09, 2020 |
post=92628462: ![]() That guy fan base on twitter abi instagram will be swelling everyday, base on your pepper them on this forum 2 Likes |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Gracchus: 2:34pm On Aug 09, 2020 |
post=92628462:You must be a fool, who will foolow a nobody like you, I merely stumbled on those posts where u were caught masturbating like hundred of your tribesmen on Tinubu matter. 2 Likes |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Anambra1stS0n: 2:35pm On Aug 09, 2020 |
gwafaeziokwu:Serious, I hardly twit or visit my instagram page |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by gwafaeziokwu: 2:38pm On Aug 09, 2020 |
Gracchus: ![]() ![]() All these stress because Osun is about to be auctioned on eBay. By the way , part of that 91%debt servicing they enter Anambra account because dem they owe us too. Hahahahahahahahahaha Owambe party na sure thing. No tomorrow, chop am now now!!! 6 Likes |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by gwafaeziokwu: 2:40pm On Aug 09, 2020 |
Gracchus: ![]() Oga stumbler. 1 Like |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Anambra1stS0n: 2:40pm On Aug 09, 2020 |
I hardly write on Tinubu, what's my business with Tinubu , go through my threads and show me any on Tinubu Dumbo I'm not Uche Okoye you follow on Instagram 2 Likes |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Nobody: 2:47pm On Aug 09, 2020 |
Gracchus:He is raping your mothers and fathers and the whole yeroba race is being raped through the ass ![]() |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Anambra1stS0n: 2:48pm On Aug 09, 2020 |
I hardly open thread to read any topic on Tinubu or even comment about him, you can verify from all Topics on Tinubu, what I know, the over hype man will be dusted before 2023, that a sure bet then you guys will start agitating, my own is to remind you my prediction, I don't like wasting my energy discussing about him . |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Gracchus: 2:50pm On Aug 09, 2020 |
[s][/s] IspitonCowards:[s][/s]
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Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Nobody: 2:52pm On Aug 09, 2020 |
Gracchus:see tinibu ass, come lick
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Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Gracchus: 2:53pm On Aug 09, 2020 |
gwafaeziokwu:No, because your tribesman complained about some so called people coming to your region |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Apawicked: 2:55pm On Aug 09, 2020 |
ThatFairGuy:yes only on media. Look at the pitiable state of Osun yet you come here to defend Aregbe on empty stomach. Very soon Osun will cease to exist as a state or annexed to kwara. |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by gwafaeziokwu: 2:58pm On Aug 09, 2020 |
LegendHero: ![]() How can you scheme to remove from leadership , someone who is not in leadership? ![]() Am I missing something. Have the Fulani mafia he gave the entire south West on a platter in 2015, given him a space on the dinner table? Chris Uba of the infamous fame can at the moment open doors in Nigeria that your Tinubu will stay far off and be peeping through. We don't even regard him as anything close to a leader yet the sophisticated tribe has elevated a former drug lord and Chairman of Agberos as their eternal god. His minions are creating tempest in a tea cup scenario using his media machinery and propaganda but that is where his power ends, noise making! No be today we start to see westerners folding their agbada, in readiness for a fight. Na to throw punch be the koko. |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by ThatFairGuy: 2:58pm On Aug 09, 2020 |
Apawicked:NUISANCE. As if you know me ![]() Osun indigenes are still doing well more than any south Easterners. That's a recorded fact |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Jax1: 3:06pm On Aug 09, 2020 |
This is the state those idiots said its IGR is bigger than 5 states in the South East combined. Today, insolvency looms. I guess telling a lie is never an issue, defending that lie is the bigger problem. Good morning the people of Osun state |
Re: Insolvency, Spends 91% Of FAAC Servicing Debt In Q1 by Apawicked: 3:12pm On Aug 09, 2020 |
LegendHero:stupid excuse, most states had problems with the fall of crude oil price, why should that of Aregbe be different to the extent of plunging Osun in eternal debt. Aregbe was a clueless governor that has no business with governance. |
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