shizzleStar:


The lion of bourdillion don finish lagos walahi....chai

cc: acidiosis, firefire, aljharem

The Lagos State Government put its total debt stock at a whopping value of N435 billion

Despite Lagos IGR 75% Of State Budget


where is all the money going for devil's sake ?

Firefire:



The Lagos State Government put its total debt stock at a whopping value of N435 billion

Despite Lagos IGR 75% Of State Budget

I
where is all the money going for devil's sake ?

Firefire:



The Lagos State Government put its total debt stock at a whopping value of N435 billion

Despite Lagos IGR 75% Of State Budget


where is all the money going for devil's sake ?

proxillin:


Every performing economies always service debt.

E..g USA, Italy, Germany, Japan.

Only economic minded fellow will understand this. Forget it.

Firefire:


economies service debt

Debt for which project?

Private Pocket projects or Project that benefit the voters?

proxillin:
Lagos needs a sincere government. Fashola is trying, at least he made the world know how rich Lagos can be, unlike Tinubu.

Lagos still deserve more than fashola.

The IGR is large. I have known this for a long time. Many multinational firms and businesses , transportation e.t.c.

kettykin:
Break Down of the IGR of Lagos

IGR from Banking, Insurance and Financial houses ---------- 20% ---------- Banking industry controlled by Delta igbos
IGR from Telecommunication firms and ISP ------ --- ------ 18%---------- MTN,Etisalat, Airtel foreign owned
IGR from Retail /Wholesale business ------- --- ---16% ----------- Retail and wholesale Business controlled by Igbos
IGR from the Oil and gas and service companies----- -- 30%------ Oil and Gas Industry is actually Niger Delta industry headquartered in Lagos
IGR from Dangote , BUA other top Northern businesses---- 7%------ Bulk importation of Sugar, Flour , Cement from the North
IGR from construction , Agents , land lords -------- 5% ------- construction , Agents , land lords controlled by ALL
IGR from taxi,Okada and bus drivers ------- 1%--------- Taxi , bus driving, Okada controlled by Yorubas and Aboka
IGR from tailors and agbo sellers --- ----- 0%--------- tailors and agbo sellers controlled by Yorubas
IGR from Baba Ijebu, bet9ja --- ---------- 1%---------- Baba Ijebu controlled by Yorubas
IGR from Hotels , bars, clubs , restaurants, eateries --- 2% -- controlled by ALL

proxillin:


I don't like to argue much, Cuz I have seen many bigots arguing here.

The only loop hole to this IGR stuff is how funds are managed and looted. Lagos is making money, but how is it managed?

Back to your question,

A scenerio:

People are clamoring for 4th mainland bridge.

Fashola says, Lagos can't afford that huge project, except he borrows money from world bank.

Now if fashola borrow the money for the bridge, it will add to Lagos debt.

In actuality , Lagos needs this bridge to bolster its economy.

You spend to bolster your economy. It is called infrastructural investment ...

Firefire:


With respect to all the borrowing so far by Lagos State government, I am yet to see any beneficial project that directly affect the lower-middle class in Lagos positively.

80% of all the hinterlands roads in Lagos are in a sorry state.

We read of the debt profile, how huge Lagos IGR is and nothing on ground to support the investment.

Lagos is super rich but been run like a privately own business. So unfortunate.

proxillin:
My fellow Yoruba. Let's pipe down. Let's see points in our Igbo brother's arguments.
They are right in some ramifications.

Some of them are bigots. Some of them are still making sense.

The big questions we need to ask ourselves is:

Are lagosian getting any benefit from the so called IGR ?

Many bad roads, I don't see any reason why Lagos can't take over electricity and stop relying on FG decision.
[b]
I can only grade fashola 4/10. Jonathan, 1.3/10

[/b]Fashola is no saint

kmariko:
Disappointed with Anambra, Abia, Kano, Kaduna, Oyo and Ogun States

rbjimoh:
[color=#006600][/color]. Why do have to sing out your stupidity in the face of incontrovertible facts and evidence? What other state has has performed like Lagos in the last eight years? Keep your PDP member card till 2015 when you would be given N2000 to vote Jonathan

ratiken:
What has Fashola used all the money for?
Where are the legacy projects?
Why toll gates after these huge funds?

Fashola is the most deceptive Nigerian politician and corruption personified.

Ngwakwe:



Stop this scrap, Lagos State Government has never had surplus rather the debts are always on the increase.

You want us to believe there was excess funds after 2013 budget was 100% implemented with borrowing.

Rexyl:


These States should go and learn from Kwara State o. I am just wondering about the secret of that State.

kettykin:
Break Down of the IGR of Lagos

IGR from Banking, Insurance and Financial houses ---------- 20% ---------- Banking industry controlled by Delta igbos
IGR from Telecommunication firms and ISP ------ --- ------ 18%---------- MTN,Etisalat, Airtel foreign owned
IGR from Retail /Wholesale business ------- --- ---16% ----------- Retail and wholesale Business controlled by Igbos
IGR from the Oil and gas and service companies----- -- 30%------ Oil and Gas Industry is actually Niger Delta industry headquartered in Lagos
IGR from Dangote , BUA other top Northern businesses---- 7%------ Bulk importation of Sugar, Flour , Cement from the North
IGR from construction , Agents , land lords -------- 5% ------- construction , Agents , land lords controlled by ALL
IGR from taxi,Okada and bus drivers ------- 1%--------- Taxi , bus driving, Okada controlled by Yorubas and Aboka
IGR from tailors and agbo sellers --- ----- 0%--------- tailors and agbo sellers controlled by Yorubas
IGR from Baba Ijebu, bet9ja --- ---------- 1%---------- Baba Ijebu controlled by Yorubas
IGR from Hotels , bars, clubs , restaurants, eateries --- 2% -- controlled by ALL

LadyExcellency:
Thanks for refuting this propaganda meant to manipulate gullible Nigerians.
If not for your correction, we have already accepted the junk as gospel truth.

Boss13:
People, diversification of economy does not translate to Internal Generated Revenue. We should be more interested in generating external revenue rather than taxing ourselves. Lagos IGR is both from taxes and federal allocation. The question people should be asking rather than making a huge noise about how much Lagos has been able to tax people, is where are these IGRs going into. How has these monies being used to generate foreign revenue for the country? How has these monies being used to reduce poverty and unemployment situations in Lagos state.

kettykin:
Break Down of the IGR of Lagos

IGR from Banking, Insurance and Financial houses ---------- 20% ---------- Banking industry controlled by Delta igbos
IGR from Telecommunication firms and ISP ------ --- ------ 18%---------- MTN,Etisalat, Airtel foreign owned
IGR from Retail /Wholesale business ------- --- ---16% ----------- Retail and wholesale Business controlled by Igbos
IGR from the Oil and gas and service companies----- -- 30%------ Oil and Gas Industry is actually Niger Delta industry headquartered in Lagos
IGR from Dangote , BUA other top Northern businesses---- 7%------ Bulk importation of Sugar, Flour , Cement from the North
IGR from construction , Agents , land lords -------- 5% ------- construction , Agents , land lords controlled by ALL
IGR from taxi,Okada and bus drivers ------- 1%--------- Taxi , bus driving, Okada controlled by Yorubas and Aboka
IGR from tailors and agbo sellers --- ----- 0%--------- tailors and agbo sellers controlled by Yorubas
IGR from Baba Ijebu, bet9ja --- ---------- 1%---------- Baba Ijebu controlled by Yorubas
IGR from Hotels , bars, clubs , restaurants, eateries --- 2% -- controlled by ALL

proxillin:


Very right. I like that part "privately own business"

If you stay in Lagos, you won't even be happy about the news of IGR.

Useless IGR

ratiken:


Please list the legacy projects or shut up.
Am not for propaganda. .... I talk facts.

Firefire:



I am surprised of the overhyped Fashola being rated as the best governor considering the much fund available at his disposal.

I expect by now Lagos would have become the Original MEGA-CITY but what did we get in return? dilapidated classrooms, bad LG & state roads.

I expect that by now Lagos State would be independent in the matter of Power Generation and would no longer rely on FG, what we got, nothing.

Lagos refusal to domesticate Freedom of Information Bill is undemocratic and unprogressive.

All elected position been fixed from Ikoyi have made the elected to be answerable only to the generalissimo and not to the electorate, why?

Lagos State and indeed all states been govern by APC should be a role model but we got a deafening noise from Pots calling Kettle black and media propaganda.

Nigerians look through the veil and see your real enemy.
Shalom!

abdulwastecx:


Fashola is doing exceptionally well to be doing the little he is doing.

The city Tokyo alone spend more than 10 billion on infrastructure development despite having a world class infrastructure already

ratiken:
What has Fashola used all the money for?
Where are the legacy projects?
Why toll gates after these huge funds?

Fashola is the most deceptive Nigerian politician and corruption personified.

9jauk:
Cheap publicity....Stop scoring cheap points APC




Its not publicity stunt but the bloody fact.

To say tinubu was. Or is not corrupt will be a blatant lie but he did one good thing, He put fashola on seat

Mind you,fashola's transparency caused a rift between him and tinubu. There are some things beyond fashola, but give it to the man, he don try and God bless him and forgive his flaws

If you will not accept the fact, no issue but please call a spade, a spade.



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