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Nairaland Forum / Nairaland / General / Business / Five South West Sates Owes 45% Of The Country's External Debt Stock by States. (8561 Views)
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Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by aljharem(m): 11:55pm On Aug 22, 2014 |
Ayekotoo: |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by aljharem(m): 11:57pm On Aug 22, 2014 |
Moveover Ayekotoo, I will be waiting for you on that thread. Don't insult, abuse or threaten. Let discuss like civilised and SOPHISTICATED MEN WILL DO. Bring your facts and I will bring mine. 2 Likes |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by Atouke: 12:06am On Aug 23, 2014 |
unborn children of the five debt affected states.
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Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by aljharem(m): 12:07am On Aug 23, 2014 |
Still waiting for your evidences. I can't explain why someone will be defending broad day light corruption all in the name of Tinubu. 2 Likes |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by aljharem(m): 12:08am On Aug 23, 2014 |
Atouke: unborn children of the five debt affected states. Is that the point ? To make jest at us ? 1 Like |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by Atouke: 12:08am On Aug 23, 2014 |
Fate of citizens of the five debt affected states in Nigeria
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Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by Nobody: 12:10am On Aug 23, 2014 |
ISpiksDaTroof: Patience Jonathan alone can pay this chicken change debt from just one account she has held in the name of her proxies.Can you tell us how much Patience Jonathan is worth? Your contribution on nairaland should reflect your age but I'm guessing you are just a kid trying to play adult's game. I hate that the op made it a South West thing, I would have appreciated it more if he had included all the states so we could be better informed. The question sane minds should ask is about the sustainability of those debts. Have the states the means and ability to repay such huge amount of debts and what will it costs poor tax payers in the process. What are the projects on the ground to justify such huge debts, it's painfully obvious there's not much. Nigerian states governors just mortgage the future of their states and we foolishly praise and urge them on. 3 Likes |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by Ayekotoo(m): 12:10am On Aug 23, 2014 |
aljharem:Now I know you have no iota of sense. So you could spew this garbage? List them start with Abia, Anambra, kogi, benue, bayelsa, Ebonyi, Katsina et all and let's see if their debts truly correspond with infrastructural developments |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by aljharem(m): 12:10am On Aug 23, 2014 |
Atouke: Fate of citizens of the five debt affected states in Nigeria Debts is not the issue after all the most powerful country in the world is in great debts. The issue is the use of the debts. Was it just paid into Tinubu's, Aregbesola and co account or was it use for development and if so, why do we still pay tax if we are indebted and yet still collect Federal allocation and IGR. There is no logic behind that. 1 Like |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by Atouke: 12:11am On Aug 23, 2014 |
The weight of crushing debt on innocent citizens of the five debt Affected States SW. Its not the citizens fault its just that their governors couldnt stop borrowing that why the debt is threatening to suffocate the innocent citizens. 2 Likes
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Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by aresa: 12:14am On Aug 23, 2014 |
Ayekotoo: I know that roll very well..... |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by Ayekotoo(m): 12:14am On Aug 23, 2014 |
aljharem:Trying hard to sound intelligent. Hahaha! keep consoling your Igbos friends http://spotonreporters.com/fashola-a-legacy-sustained/ |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by aljharem(m): 12:16am On Aug 23, 2014 |
Ayekotoo: I though you were progressives and sophisticated so why result to insults. Are now comparing those states to Lagos ? Do you think you can choose and un-choose when to compare and when not to compare. What is the debt of Lagos state and compare it to the level of infrastructure, reoccurring expenditure etc. Now lets compare the debt profile of an APC state to a PDP state of the same level. Lagos to Akwa Ibom. You showed the thread the last time so you do the comparison. Moreover it is a known fact that Lagos generate more revenue than Akwa Ibom and the level or should I use RATE ! of infrastructure in Akwa Ibom is farrrrr greater than Lagos. Lagos was the former Capital Territory so remover federal infrastructure there. 2 Likes |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by aljharem(m): 12:16am On Aug 23, 2014 |
Ayekotoo: Your link is not working 1 Like |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by ISpiksDaTroof: 12:19am On Aug 23, 2014 |
APContherun:Nigerians from a certain part of your country are about the most ignorant animals on the planet. Not fit to be called 'humans' despite the fact they walk on two feet and have mastered the art of speech for communication, these beings are so backwards because they can only see logic through religion and the opposing arguers tribe. Just so you know, your Patience Jonathan is worth between $4-7billion... and those are conservative estimates. Pray to God with all your might---and hope the Devil answers your pleas---that Buhari doesn't win the next elections the revelations on how much of the country's wealth is being drain will definitely cause you a heart attack. Western Govts already have the info ready to pass on to a new Government to ensure GEJ and his allies go to prison after his tenure is over. |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by Atouke: 12:19am On Aug 23, 2014 |
1 Like
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Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by aljharem(m): 12:20am On Aug 23, 2014 |
The performance of Lagos State Governor Babatunde Fashola is exaggerated (“overblown”) and does not “match the revenue accruing to the state on a monthly basis,” says Executive Chairman, Coalition Against Corrupt Leaders (CACOL), Mr. Debo Adeniran. “[b]Though the state government is said to have done a lot for the state, CACOL found out that the government has not done as much as it has been portrayed. “[size=18pt]The budget of the state is in excess of N20bn monthly without substantial proof of what it has been used for. We have undertaken an assessment of the 57 councils in the state and it has proved that the LASG is over-hyped for doing very little.[/size]” He said the group’s hypothesis had shown that the budgetary impact on infrastructural development in the state was not accessible. “However, we have yet to come to the conclusion as regards how much money had been spent on infrastructure; we would not just say corruption has set in. Maybe, the money is being kept somewhere, but definitely, it has not been spent on what they claim,” he further said. The alleged ‘secrecy’ of the Lagos State Government was questionable, he said, stressing that it could have engaged in ‘monumental corruption’ more than anyone could ever imagine. “[size=18pt]Through propaganda, the LASG has been able to cajole Lagosians[/size] to believe that Fashola is, at present, the most performing governor in the country.[/b] “[size=18pt]It is unfortunate that Nigerians easily believe anything.[/size] There should not be secrecy in government; it should be open and transparent. Let LASG prove that their hands are clean,” Adeniran said. Just so unfortunate 1 Like |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by Ayekotoo(m): 12:21am On Aug 23, 2014 |
Abraham Lincoln once said that “if you would |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by aljharem(m): 12:23am On Aug 23, 2014 |
^^^^^^ Has this answered anyone's question ? Level of infrastructure VS debt profile VS IGR. 1 Like |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by Atouke: 12:24am On Aug 23, 2014 |
aljharem: The performance of Lagos State Governor Babatunde Fashola is exaggerated (“overblown”) and does not “match the revenue accruing to the state on a monthly basis,” says Executive Chairman, Coalition Against Corrupt Leaders (CACOL), Mr. Debo Adeniran. very true ! 2 Likes
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Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by Ayekotoo(m): 12:26am On Aug 23, 2014 |
How the governor and his men rule Lagos – RAJI FASHOLA UNSCRIPTED (1) http://www.vanguardngr.com/2013/07/how-the-governor-and-his-men-rule-lagos-raji-fashola-unscripted-1/ |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by Ayekotoo(m): 12:28am On Aug 23, 2014 |
aljharem: ^^^^^^ Kindly open another thread on anyone vs Fashola. I will be gladly join you. |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by Nobody: 12:33am On Aug 23, 2014 |
aljharem: You were rooting for Omisore the other day so I thought you have defected to/joined the PDP. Perhaps you just have a mere "sympathy" for the party. Regardless of political divide, you actually have legitimate concerns and reasons to ask questions as citizen. 1.One, Fasola was not in power in 2004 but I understood the wider context of AD/APC thing. Anyway, he took his first loan in 2009, so there's no way a loan taken in 2009 could have effect on 1996-2004 events. Count Fasola out of 1996-2004 story. He couldn't have been responsible. However, what's the breakdown of poverty levels for all states in the country? Anyone can put his opinion on proshare only to be referenced as fact later, but cogently where is the breakdown for the entire federation? Are you saying poverty levels in 1996 was at mere 6.27% in Nigeria's most populous state? and you believe that ridiculous opinion put on proshare? Don't make me laugh. Do you know poverty levels even in advanced countries? If the national poverty level in 1996 was 65.5%, how on earth would Lagos, the most populated state, be 6.27%? Something must be terribly wrong. That statement remains your opinion. It doesn't have any coloration of being a fact. http://theeagleonline.com.ng/nigerias-poverty-level-has-worsened-afdb/ In any case, there has been a general increase in poverty level in the country. This is from BBC website: 1980: 17.1 million 1985: 34.7 million 1992: 39.2 million 1996: 67.1 million 2004: 68.7 million 2010: 112.47 million http://www.bbc.com/news/world-africa-17015873 or here http://www.indexmundi.com/g/g.aspx?c=ni&v=69 These are mere figures but given that our population is a known fact, these translate to percentages that are truly alarming for the whole country. It shows that the party, PDP, that controls the center is clueless. 2.On the other hand, Lagos is doing fairly well, based on recent developments, as can been seen here: The National Bureau of Statistics (NBS) at the weekend said Sokoto State is the poorest state in the country.http://www.thisdaylive.com/articles/sokoto-is-poorest-state-in-nigeria/135601/ |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by aresa: 12:34am On Aug 23, 2014 |
aljharem: Why do you borrow money? To service your government or to fund infrastructures. I won't waste my time going back and forth with you about projects and infrastructures in Lagos state because I'm sure you see what we post here everyday so you questioned that either because of intentional ignorance or intentional deception and deceit.. If you really are concerned about debts, you should be more concerned about states with little or no means, not Lagos state with more than enough o payback and also with too many things on the ground to show for all the spending.. Enugu is a poor state with meager and one of the smallest state budgets in Nigeria. Their budget is N93 billion while their debt is N66 billion with almost zero means to make payments... People like you I can not take seriously because there is no truth to your concerns... |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by anonimi: 12:36am On Aug 23, 2014 |
Ayekotoo: Mr. Seer, please name my sorry state Instead of coming together to say what is bad is nothing else but bad you are trying unsuccessfully to label me as not a concerned person in the affected yoruba states Abeg try again, you hear 1 Like |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by Atouke: 12:40am On Aug 23, 2014 |
aresa: what has lagos state to show on ground? with a monthly IGR of 20billion monthly why should the the borrowing? and unGodly ammount of $1,020,410,674billion 1 Like |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by Nobody: 12:42am On Aug 23, 2014 |
ISpiksDaTroof: Nigerians from a certain part of your country are about the most ignorant animals on the planet. Not fit to be called 'humans' despite the fact they walk on two feet and have mastered the art of speech for communication, these beings are so backwards because they can only see logic through religion and the opposing arguers tribe.Would it be wrong to demand a link to the Patience Jonathan's wealth? It would be proper I think to do so since we're engaged in a mature discussion. As for Buhari, I can only pray that God changes what is possible and may happen that wasting my time asking him to change the impossible. Mind you I don't have anything to say about your first paragraph cos I'm not your type, I don't insult people. |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by anonimi: 12:46am On Aug 23, 2014 |
Atouke: unborn children of the five debt affected states. I think you should STOP making this debt & non-performance simply an issue for south west states ONLY. Otherwise you will seem like an ethnic warlord. We yorubas can certainly deal with our THIEVING BASTARDS of leaders. Almost all the 36 states are in the same terrible situation. |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by aresa: 12:49am On Aug 23, 2014 |
aljharem: 1. What you generate or don't generate is irrelevant, what budget you passed to work with determines how much you have and how rich you are. 2. Akwa Ibom pass higher budgets than Lagos state and their population is almost 1/4 of Lagos state's population. Almost N100 billion more than Lagos state. 3. The only thing they have in Akwa Ibom are just the few roads in Uyo, the rest are 1 uncompleted hospital, 1 uncompleted stadium, 1 uncompleted airport, 1 uncompleted tropicana. Still, Akwa Ibom has N60 billion debt with the largest budget in Nigeria and one of the smallest population. Find another state to formulate your example baseless rubbish on.. 1 Like |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by Nobody: 12:54am On Aug 23, 2014 |
aljharem: That's quite shallow and pedestrian. It's based on funny assumption that Lagos or Osun has all the money to meet her needs. There is not even one country or entity that has that luxury in the entire world. Needs, in most cases, are unlimited and the resources to meet them are limited. That brings prioritization where feasible, and borrowing when inevitable. Do you know the wage bills of Osun State? Do you know the IGR and other revenues of Osun State? Do you know the actual developmental needs of that state? Do you know the amount needed to build required infrastructure and developmental projects? If your answer to any of these questions is No, you are obviously not in position to talk about tax or whether any money is paid into Tinubu or Aregbe's pocket. |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by anonimi: 12:58am On Aug 23, 2014 |
aresa: Please STOP telling very stupid LIES trying to defend the senseless LOOTING of Lagosians by your boss and his godfather. |
Re: Five South West Sates Owes 45% Of The Country's External Debt Stock by States. by tit(f): 1:00am On Aug 23, 2014 |
Atouke: Each time you see anyone from the south west tell him or her that they are each owing N8,480 courtesy of their borrowing governors. My brothers, this is a small amount. Let us organize fund raiser to pay off this debt. We can task ourselves 10,000 naira each. I shall pay for two people. I am sure Otedola and Adenuga can bring 1 billion naira again. Let us raise the money and give to tinubu to pay off this debt so we can have our clean name. 1 Like |
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