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Nairaland Forum / Nairaland / General / Politics / States’ Financial Mess Is A Ticking Time Bomb (12258 Views)
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States’ Financial Mess Is A Ticking Time Bomb by Adesiji77: 7:21am On May 08, 2016 |
http://guardian.ng/news/states-financial-mess-is-ticking-time-bomb/ 1 Like 1 Share |
Re: States’ Financial Mess Is A Ticking Time Bomb by TPAND(f): 7:27am On May 08, 2016 |
What do we make of a country's economy when her states are in serious financial distress and mess. Merger and acquisitions of state seems to be the way out . Lagos can afford to acquire Bayelsa and Ekiti Delta and Rivers can merge 5 Likes 1 Share |
Re: States’ Financial Mess Is A Ticking Time Bomb by Flexherbal(m): 7:32am On May 08, 2016 |
Which way Nigeria? |
Re: States’ Financial Mess Is A Ticking Time Bomb by oduastates: 7:37am On May 08, 2016 |
Where did the quacks go when the economy was being mismanaged? Why should I listen to these quacks in a world where you have Paul Krugman, Robert Reich or journalist who can breakdown the society like Matt Taiibi and Naomi Klein. Or real activist with proper jobs like Prof Naom Chomsky. Thank goodness for the Internet. I get proper economic journalism from other lands, take and relate it to Nigeria. Even then, you need to be wary of neo-liberal paid hacks. Anyone who read this article 7 years ago knew that Nigeria was heading for trouble. Guess what, it had nothing to do with Nigeria but It was going to negatively impact Nigeria because of her thieving leaders. http://www.rollingstone.com/politics/news/the-vampire-squid-strikes-again-the-mega-banks-most-devious-scam-yet-20140212 1 States are indebted 2 those states employ 2 millions people directly 3 even if the payroll is bloated, you cannot retrench during a depression because it will simply worsen the problem 4 Nigerian states are going to be assisted if they follow The FG lead in weeding out ghost workers, reduce political appointees and computerise their payroll. 5 payment due are restructured into smaller bits over a longer period of time so as to free up capital. 12 Likes 2 Shares |
Re: States’ Financial Mess Is A Ticking Time Bomb by tayoxx(m): 7:39am On May 08, 2016 |
After the lagislators...the next biggest problem in nigeria is the state governors. ..they collect allocation monthly and yet don't pay salaries, no capital projects done....how can you deprive pple of there sweat... 14 Likes 4 Shares |
Re: States’ Financial Mess Is A Ticking Time Bomb by henrygale(m): 7:49am On May 08, 2016 |
God help us. 1 Like |
Re: States’ Financial Mess Is A Ticking Time Bomb by henrygale(m): 7:53am On May 08, 2016 |
TPAND:I don't know how realistic the merger u propose is,but I bet u,with the kinda tribal divides in this country and sentiments,it won't work. State govt/govermors needs to just look beyond monthly sharing of money by the d big brother,fed govt. 1 Like |
Re: States’ Financial Mess Is A Ticking Time Bomb by asha90: 8:01am On May 08, 2016 |
The simple solution is for these bankrupt states to be acquired by the economically viable states in their respective regions. Their governors could remain an arrowhead but major economic decisions will be made by those super States that acquired them. That is the only way to solve this. Lagos, Rivers, Anambra, Kano, Ogun, Delta etc, should start acquiring these bankrupt states. 10 Likes 2 Shares |
Re: States’ Financial Mess Is A Ticking Time Bomb by STFUand4kMeHARD(m): 1:56pm On May 08, 2016 |
Are we tired of blames yet? 3 Likes |
Re: States’ Financial Mess Is A Ticking Time Bomb by RealAdewole(m): 1:57pm On May 08, 2016 |
I did not want to believe that Nigeria is a failed state 1 Like |
Re: States’ Financial Mess Is A Ticking Time Bomb by mandax: 1:58pm On May 08, 2016 |
Many State governors merely reduced themselves to Mayor of the state capital. Welcome to Imo state 19 Likes 1 Share
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Re: States’ Financial Mess Is A Ticking Time Bomb by Pavore9: 1:59pm On May 08, 2016 |
States should be collapsed into regions. 14 Likes |
Re: States’ Financial Mess Is A Ticking Time Bomb by slimpoppa(m): 1:59pm On May 08, 2016 |
oduastates: correct. 1 Like |
Re: States’ Financial Mess Is A Ticking Time Bomb by Viktor1983(m): 2:00pm On May 08, 2016 |
RealAdewole: Do you think the phrase " successful state" can fit in? 3 Likes 1 Share |
Re: States’ Financial Mess Is A Ticking Time Bomb by Rogersmith(m): 2:01pm On May 08, 2016 |
True federalism is the way guys 3 Likes |
Re: States’ Financial Mess Is A Ticking Time Bomb by hahn(m): 2:02pm On May 08, 2016 |
Viktor1983: "Stagnant state" is more like it 3 Likes |
Re: States’ Financial Mess Is A Ticking Time Bomb by micktoxin(m): 2:03pm On May 08, 2016 |
The current system is obviously not sustainable. Decentralisation and reduction of states are the only way out. 3 Likes |
Re: States’ Financial Mess Is A Ticking Time Bomb by Sweetguy25: 2:03pm On May 08, 2016 |
Is there anything in Nigeria that is not a ticking time bomb? When you create states for no other reason than to increase the spread of injustice, this is what you get. States like Ekiti, Ebonyi, Abia, and over 20 others especially in the north have no business being in existence as states. The fact is that if Nigeria had no oil, these states would not have being created because there would have been no means to sustain them. Apart from Nigeria, I don't know of any other african country that has over thirty states or provinces. Injustice is a very big problem in this country. 3 Likes |
Re: States’ Financial Mess Is A Ticking Time Bomb by GWMI(m): 2:04pm On May 08, 2016 |
Many nigeria's states(mostly from the north)are like parasites giving this nation nothing but trouble. 5 Likes 1 Share |
Re: States’ Financial Mess Is A Ticking Time Bomb by kennydee05(m): 2:05pm On May 08, 2016 |
Am interested in paragraph 21 |
Re: States’ Financial Mess Is A Ticking Time Bomb by Apelex(m): 2:05pm On May 08, 2016 |
Africa...... as our skin is black so are our hearts and acts... 1 Like 1 Share |
Re: States’ Financial Mess Is A Ticking Time Bomb by kennydee05(m): 2:08pm On May 08, 2016 |
GWMI:All states except Lagos, Kano, Rivers, Akwa Ibom and few (2) other states can be given that your assertion. 2 Likes |
Re: States’ Financial Mess Is A Ticking Time Bomb by shamecurls(m): 2:08pm On May 08, 2016 |
Dangote should be allowed to acquire these states 3 Likes |
Re: States’ Financial Mess Is A Ticking Time Bomb by olaide92(m): 2:08pm On May 08, 2016 |
useless governors everywhere |
Re: States’ Financial Mess Is A Ticking Time Bomb by Nobody: 2:09pm On May 08, 2016 |
be happy pdp was kicked out. david mark was promising even more states. there is an urgent need for restructuring, but it will be painful and HARD. 3 Likes |
Re: States’ Financial Mess Is A Ticking Time Bomb by Sasuwa(f): 2:11pm On May 08, 2016 |
What? |
Re: States’ Financial Mess Is A Ticking Time Bomb by BiafranAmerican: 2:12pm On May 08, 2016 |
I am interested in buying Osun State, I wish someone will convince the citizens of State of Osun to accept to be my subjects and I will provide them 247 electricity and God over them for ever. 1 Like |
Re: States’ Financial Mess Is A Ticking Time Bomb by macino1(m): 2:13pm On May 08, 2016 |
Sure, a result of over dependences on federal pot |
Re: States’ Financial Mess Is A Ticking Time Bomb by chesterlee(m): 2:19pm On May 08, 2016 |
APC led states are top on the list of States depending on bailouts!!! 3 Likes |
Re: States’ Financial Mess Is A Ticking Time Bomb by iamodenigbo1(m): 2:22pm On May 08, 2016 |
too bad |
Re: States’ Financial Mess Is A Ticking Time Bomb by Nature129(m): 2:29pm On May 08, 2016 |
chesterlee: True. This is simply because they contributed immensely to fund Uncle Buhari's election campaigns. And sadly, PMB is busy using EFCC to probe into how PDP funded their 2015 election campaigns, but no one is asking how APC states funded Uncle Buhari's presidential campaigns Smh 1 Like 1 Share |
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