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Nairaland Forum / Nairaland / General / Politics / External Debt Owed By Each State And FGN (3478 Views)
States And Federal Governments' External Debt Stock 2015 / Lagos IGR Now 75% Of State Budget...And IGR of each State / Nigeria External Debt Forgiveness: Where Do We Go From Here? (2) (3) (4)
External Debt Owed By Each State And FGN by GeneralBadman: 9:03pm On Aug 22, 2014 |
Culled from Atouke's thread (Though He Opened The Thread To Bash SW States), this is different. all data from the debt management office http://www.dmo.gov.ng/oci/subn/docs/Federal%20and%20State%20Governments%20External%20Debt%20Stock%20as%20at%2030th%20June_%202014.pdf [b] State Debt Owed Abia $35, 500, 952. 41 Million Adamawa $37, 573, 469. 66 Million Akwa Ibom $59, 850, 370. 59 Million Anambra $41, 459, 335. 44 Million Bauchi $111, 607, 175. 28 Million Bayelsa $33, 484, 253. 42 Million Benue $28, 791, 949. 55 Million Borno $16, 070, 015. 32 Million Cross River $120, 212, 331. 65 Million Delta $24, 700, 261. 56 Million Ebonyi $43, 332, 703. 18 Million Edo $48, 399, 513. 67 Million Ekiti $48, 075, 639. 85 Million Enugu $66, 840, 894. 78 Million Gombe $32, 747, 378. 62 Million Imo $51, 267, 026. 15 Million Jigawa $36, 325, 475. 41 Million Kaduna $245, 510, 669. 07 Million Kano $64, 318, 822. 90 Million Katsina $72, 870, 055. 34 Million Kebbi $45, 945, 670. 75 Million Kogi $33, 372, 633. 17 Million Kwara $45, 667, 046. 33 Million Lagos $1, 020, 410, 674. 11 Billion Nasarawa $47, 526, 268. 88 Million Niger $38, 600, 524. 37 Million Ogun $116, 689, 249. 43 Million Ondo $51, 439, 910. 66 Million Osun $73, 404, 212. 38 Million Oyo $80, 112, 084. 14 Million Plateau $22, 985, 918. 15 Million Rivers $45, 847, 509. 46 Million Sokoto $45, 166, 786. 78 Million Taraba $24, 056, 964. 72 Million Yobe $32, 802, 152. 75 Million Zamfara $31, 251, 921. 80 Million FCT $38, 979, 156. 07 Million Sub-Total $3, 013, 216, 977. 80 Billion FGN $6, 363, 896, 722. 40 Billion Total $9, 377, 113, 700. 00 Billion[/b] Osun State my State is owing $73,404,212 Million not 200B Naira as speculated by Osun PDP. $73,404,212 * 162 = N11, 891, 482, 344.00K Osun A Dara Oooooooo Nigeria O Ni Baje. 5 Likes
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Re: External Debt Owed By Each State And FGN by Kanwulia: 9:08pm On Aug 22, 2014 |
So Lagos state take Nigeria moni dey spread EBOLA? https://www.youtube.com/watch?v=757vYI7cZfU https://www.youtube.com/watch?v=t2S7aqZgn2E 4 Likes |
Re: External Debt Owed By Each State And FGN by YoungIncredible: 9:12pm On Aug 22, 2014 |
Omo see debts!!!! |
Re: External Debt Owed By Each State And FGN by bigtt76(f): 9:13pm On Aug 22, 2014 |
Are these state debts or PERSONAL or PADDY PADDY Loans? 1 Like |
Re: External Debt Owed By Each State And FGN by oderemo(m): 9:17pm On Aug 22, 2014 |
Ogun state debt is incredible, that is huge with capital H. 1 Like |
Re: External Debt Owed By Each State And FGN by Kanwulia: 9:29pm On Aug 22, 2014 |
Ogun state. . . .the state of material and SPIRITUAL wonders!!!! *cringes* I am sure NL IS PART OF THE DEBTORS! 1 Like |
Re: External Debt Owed By Each State And FGN by Sirniyeh(m): 9:35pm On Aug 22, 2014 |
The fact remains that, "They Are All Debtors". No one excluded. This means they are all thieves, rogues and politicians. It's a bastard politician that will not loot, that has been part of democracy. . I wait for my turn to be Gov of Ijebu State. I will buy Nairaland and appoint Seun as Commissioner for Finance.... 1 Like |
Re: External Debt Owed By Each State And FGN by IGBOSON1: 9:47pm On Aug 22, 2014 |
OP, you should qualify this debt as 'foreign'! If the 'local' component is included peeps may have a heart attack! 2 Likes |
Re: External Debt Owed By Each State And FGN by Kanwulia: 9:51pm On Aug 22, 2014 |
Loooooooooooooooooooool! May we not see the 'local' debt! Iseeeeeeeeeeeeeeeeeeeeee!!!! |
Re: External Debt Owed By Each State And FGN by vicadex07(m): 10:17pm On Aug 22, 2014 |
And so? If you all look carefully very well, you will discover that even the federal government is owing more than double of what all the states are owing combined. At least here in the south west, we don't complain about our governors or open up a thread to "curse" them cos we know they are working. The only people having problems with south western governors are igbos, and the irony of it all is that their own governors are "demons". Why don't you people mind your own darn business or better still go back to your eroded villages. 1 Like |
Re: External Debt Owed By Each State And FGN by Ikengawo: 10:21pm On Aug 22, 2014 |
CHI_NE_KE 3 Likes |
Re: External Debt Owed By Each State And FGN by priscaoge(f): 12:41am On Aug 23, 2014 |
Bauchi $111, 607, 175. 28 Million Cross River $120, 212, 331. 65 Million Enugu $66, 840, 894. 78 Million Imo $51, 267, 026. 15 Million Kaduna $245, 510, 669. 07 Million Kano $64, 318, 822. 90 Million Katsina $72, 870, 055. 34 Million Lagos $1, 020, 410, 674. 11 Billion Ogun $116, 689, 249. 43 Million Ondo $51, 439, 910. 66 Million Osun $73, 404, 212. 38 Million Oyo $80, 112, 084. 14 Million Zamfara $31, 251, 921. 80 Million This is outrageous . Is this debt or phone numbers Lagos choose the letter "B" 1 Like |
Re: External Debt Owed By Each State And FGN by Sloan: 3:05am On Aug 23, 2014 |
priscaoge: We are spending a huge chunk of that money on infrastructure (not the one PDP governments borrowed in the past and stole), we will tax all the Igbos for it, make them pay and send them back to their seaport in landlocked Iboland soon. That is why we choose a B so you can pay up and be sent away sooner than later! |
Re: External Debt Owed By Each State And FGN by Omexonomy: 3:05am On Aug 23, 2014 |
These people must be told to stop all these borrowing without having anything to show for it. Even lagos and ogun state. 1 Like |
Re: External Debt Owed By Each State And FGN by seunlayi(m): 7:38am On Aug 23, 2014 |
Gbese |
Re: External Debt Owed By Each State And FGN by size38: 7:49am On Aug 23, 2014 |
Oh! almost all the state are owing? Which one people come dey open their Ogogoro mouth dey insult Rotimi Amaechi when their state government debt pass Amaechi and Rivers state own? Amaechi and Rivers state have d ability to pay their debt more than this animals that are in d habit of insulting other people sef! |
Re: External Debt Owed By Each State And FGN by Ajibel(m): 7:53am On Aug 23, 2014 |
There is nothing wrong with borrowing except most here didnt study Economics. There'll always be debts. What we should be looking at is how they utilize the funds the borrow and how they plan to finance it. No sense here in being partisan/tribalistic. |
Re: External Debt Owed By Each State And FGN by lilprinze: 8:03am On Aug 23, 2014 |
oboy see gbese Lagos state is the father of all debt. The most annoying part is that they won't finish paying all these debt before they will go and borrow more and what reasonable thing did they do with the money 1 Like |
Re: External Debt Owed By Each State And FGN by rhadiator15(m): 9:32am On Aug 23, 2014 |
GeneralBadman: Culled from Atouke's thread (Though He Opened The Thread To Bash SW States), this is different.Gee Zauus |
Re: External Debt Owed By Each State And FGN by Noneroone(m): 9:33am On Aug 23, 2014 |
vicadex07: And so?yoruba folks dont complain because they are used to living in slums and are averse to decent accomodation and lifestyle which good governance brings. 3 Likes |
Re: External Debt Owed By Each State And FGN by EasternLeopard: 10:28am On Aug 23, 2014 |
Most of you hailing your SW governors for investing burrowed money into infrastructure do not understand business finance and how a better understanding of business finance can help us better manage our public finance. In business finance, burrowed money are invested into things that generates income When burrowed money is invested into infrastructures that do not yield money or enough money to pay back, it is a bad debt which the states govts try to write off by collecting taxes or using their federal allocations. What the states govt should have done first was to invest the loan into things that can generate enough profit to wipe off the loan and fund non/low income infrastructures. Eg it is wise a govt invest $1million burrowed money into a profitable venture that can generate a yearly (after tax/loan interest) net profit of $100 thousand. Then using the $100 thousand to 1) Build those non/low income infrastructures in stages even though it will take longer time. OR 2) Secure another loan whose yearly interest do not exceed $100 thousand. This loan will be used to build non/low income infrastructures, while the $100 thousand will be used to wipe off its yearly interest in order to prevent accumulation. The taxes collected from people will be used to reduce the loan which in turn will lead to a cut down on the loan's yearly interest making it possible to start diverting gradually the $100 thousand into helping the taxes further reduce the loan and its interest. A good govt burrowing will ensure that half of all the loans collected is invested into profitable ventures whose yearly profits is large enough to 1) Clear the loan and its interest 2) With the help of moderate taxes, clear other loans and interests FOR THOSE OF YOU SUPPORTING BURROWING ASK YOURSELVES Do your states govts have a strategy to offset these loans and its interests without resulting to heavy multiple taxations and federal allocations. 5 Likes |
Re: External Debt Owed By Each State And FGN by Symphony007: 11:14am On Aug 23, 2014 |
Rivers state. A major state but a debt lower than some minor states. Impressive!! 1 Like |
Re: External Debt Owed By Each State And FGN by jsunex(m): 11:41am On Aug 23, 2014 |
Watin dem use all ds moni do way we no see impact ...chai dere is God ooo 1 Like |
Re: External Debt Owed By Each State And FGN by Nobody: 11:55am On Aug 23, 2014 |
Men, Naija still has a long way to go. See train station , God forbid bad tin 1 Like |
Re: External Debt Owed By Each State And FGN by Nobody: 1:36pm On Aug 23, 2014 |
Where is all this money? Nigeria the land where only the rich are entitled to basic human rights. 1 Like |
Re: External Debt Owed By Each State And FGN by otokx(m): 1:59pm On Aug 23, 2014 |
Kadunna and Bauchi borrowed some cool cash. |
Re: External Debt Owed By Each State And FGN by phlemzy: 5:42pm On Aug 23, 2014 |
Kanwulia: So Lagos state take Nigeria moni dey spread EBOLA?If u wouldn't give a concrete evidence to back whateva allegation u want to lay,u can still scroll past to read other pple's comments,cos what I just read dat u wrote is mere balderdash & logically incoherent. |
Re: External Debt Owed By Each State And FGN by Rijes: 6:34pm On Aug 23, 2014 |
Sloan:TRUTH MUST BE SAID. ARE YOU ENCORAGING YOUR GOVT TO BORROW MORE, BILLION DOLLAR IS NOT ENOUGH AND YOU STILL HAVE THE MOUTH TO TALK. THIS IS CLUELESS. I DONT SUPPORT ANY PARTY. ANAMBRA GOVT CANT TRY THAT RUBBISH, HE NO DEY FEAR IMPEACHMENT. DO YOU KNOW WHAT IS $1 BILLION DOLLAR = 1.6 TRILLION NAIRA. INSTEAD OF CRITISING YOUR GOVT, YOU ENCOURAGE. I DON DIE. SPENDING MONEY ON INFRASTURES, WHY NOT THEY INVEST THE MONEY INTO HIGH YIELDING BUSINESS SO AS TO CLEAR OFF THE DEPT AND EMPLOY MORE PEOPLE ON A LIGHTER NOTE. WHY MUST YOU CALL IBOS PLEASE. WHAT OF NORTH EAST AND NORTH WEST TOTALLY LANDLOCK EVEN DESERT REGIONS. YOU NEVER CALL THEM. WHY THE IBOS, WE KNOW THAT WE ARE THE ONLY TRIBE CONTRIBUTING 70% OF PORT REVENUE BUT SPARE OUR NAME. 2 Likes |
Re: External Debt Owed By Each State And FGN by kel4soft: 7:51pm On Aug 23, 2014 |
Symphony007: Rivers state. A major state but a debt lower than some minor states. Impressive!! You can say that again. |
Re: External Debt Owed By Each State And FGN by anonimi: 8:20pm On Aug 23, 2014 |
bigtt76: Are these state debts or PERSONAL or PADDY PADDY Loans? Good question. Someone said the amount for the south west states is so high because they are FAKE loans from JagaBandit's offshore accounts, hence NO impact on the people |
Re: External Debt Owed By Each State And FGN by Kanwulia: 8:43pm On Aug 23, 2014 |
phlemzy: If u wouldn't give a concrete evidence to back whateva allegation u want to lay,u can still scroll past to read other pple's comments,cos what I just read dat u wrote is mere balderdash & logically incoherent. Na who be this "MAKOKO ISLAND IDOL"? |
Re: External Debt Owed By Each State And FGN by docsholz(m): 10:41pm On Aug 23, 2014 |
Rijes:Go and shoot your maths teacher or buy a new calculator |
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