EternalTruths:


There is a difference between generating a revenue and profit.

The 412 billion generated by Lagos State is before expenses were deducted. Therefore would have little left over for Savings/ Foreign Reserve.

The 300 billion generated by Zenith and UBA is after expenses were deducted.
This is a clear indication that they are richer than Lagos


In the end, after Lagos deducted her expenses, how much was left for savings & investments.? None.



A State can have left over just as a company can have.


In the case of a company, it is called Profit
In the case of a State, it is called Savings/Reserve.


The Profits of those companies are far higher than the Reserves of Lagos State


That is what Kettykings and co have being trying to pass along but educated illiterates from Afonja land don't want to understand.

Village economist, how do you measure the wealth of a State, is it by fiscal revenues in 2016 or the 5 year average GDP of the State?

IkpuMmadu:


MTN Nigeria is chaired by

But the mischievous OP posted the revenues of MTN Group (The total MTN Company).


Even in Nigeria, MTN is a Pic with thousands of Nigerians from different States having shares in it.


I still don't understand how tribalists attribute tribes to PUBLIC Liability Companies.