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Just In: 36 States Of Nigeria In Debt Of N3.6trn - Politics - Nairaland

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FG Dumps N16 Trillion Railway Projects For N2.6trn Lagos-calabar Coastal Road —I / Nigeria Will Remain In Darkness Except FG Pays Our N1.6trn – GENCOS / Atiku Raises Alarm Over Nigeria’s N25.6trn Debt (2) (3) (4)

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Just In: 36 States Of Nigeria In Debt Of N3.6trn by NwekeUG(m): 6:36am On Oct 24, 2019
IgbereTV reports that a document from Debt Management Offices Analysis of the 2019 edition of states unveiled in Abuja yesterday, showed that 36 states in Nigeria have accumulated a domestic debt of N3.6trn as they struggled to generate N1.1trn in 2018.

The document showed that the borrowing surpassed the earning from internally generated Revenue (IGR) by N2.5trn.

Lagos State generated the highest IGR of N382.18bn, its domestic debt was higher at N530bn.

Rivers State was second with N112.8bn IGR and N225.6bn debt. Ogun generated N84.6bn, but incurred N78.7bn debt, Delta and Kano States had N228.8bn and N117bn debts, but they earned only N58.4bn and N44.1bn during the year respectively. Domestic debts for Niger, Sokoto, Jigawa, Anambra and Yobe States accrued to N176.9bn. however, the IGR for the five states was a paltry N62.1bn. The report also showed the federal allocation and receipts by the states in the first half of 2019. The 36 states combined got N1.1trn from the FAAC allocation with Delta receiving the highest of N108.7bn. While Akwa Ibom collected N86.3bn, Rivers, Bayelsa and Lagos States received N75.8bn, N65.6bn and N58bn respectively. Osun state received the lowest allocation of N10bn; and Cross River, N17bn.

The principal lead of BudgIT, Gabriel Okeowo, while briefing journalists, said that the cause of the debt is that over the years, states had been spending so much on recurrent expenditures which brought them no economic benefits.

http://igberetvnews.com/1087014/just-36-states-nigeria-debt-n3-6trn/

Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by MANNABBQGRILLS: 6:38am On Oct 24, 2019
The principal lead of BudgIT, Gabriel Okeowo, while briefing journalists, said that the cause of the debt is that over the years, states had been so much on recurrent expenditures which did brought them no economic benefits.

1 Like 1 Share

Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by sigidi5: 6:38am On Oct 24, 2019
[s]
post=83411821:
The principal lead of BudgIT, Gabriel Okeowo, while briefing journalists, said that the cause of the debt is that over the years, states had been so much on recurrent expenditures which did brought them no economic benefits.
[/s]
shut up

2 Likes

Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by NigeriaIsDoomed: 6:40am On Oct 24, 2019
The drug baron cum bullion van don ground Lagos. Chineke see Lagos debt with nothing to show for. Bad roads, no schools, abandoned rail projects, no water, zero housing, yet Lagos debt is the highest.
Lagosians una suppose stone these thieves wey don thief and loot Lagos dry. grin
Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by tayebest(m): 6:42am On Oct 24, 2019
NigeriaIsDoomed:
The drug baron cum bullion van don ground Lagos. Chineke see Lagos debt with nothing to show for. Bad roads, no schools, abandoned rail projects, no water, zero housing, yet Lagos debt is the highest.
Lagosians una suppose stone these thieves wey don thief and loot Lagos dry. grin


Which state are you from and let's compare it to Lagos! smiley
Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by elchariotlp: 6:45am On Oct 24, 2019
The Federal Government keeps borrowing and the States join in the bandwagon. No one questions the veracity if the loan or monitors it's utilisation.

Nairalanders will soon start arguing on political and ethnic line while these Polithifcians keeps toiling with the destiny of even the unborn.

Very soon, the Government will start selling it's citizens in slavery to finance budget.
Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by eTECTIV: 6:58am On Oct 24, 2019
Why won't dey b accruing debts wen d country itself is being continually leveraged as collateral by d Federal govt for loans daily... Dem dey learn from their Papa
Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by NigeriaIsDoomed: 7:12am On Oct 24, 2019
tayebest:



Which state are you from and let's compare it to Lagos! smiley
Where I hail from is immaterial as to why Lagos, a mega city with an accummulated debt to the tune of that figure should remain a case study of how not to run a state.
Do you know that Lagos is one of the commercial hubs of Africa? Lagos should be comparable to her peers in the world.
It is delusional to think that Lagos is Okay.
If you can't see beyond sentiment then I am sorry for you.
Do you know that Lagos is more recognized than Abuja?
Mehn we need to grow up and demand for a change in the way things are done in this country or we continue to collect rice and a few change to vote for these bastards who are only interested in their pockets.
Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by tayebest(m): 8:12am On Oct 24, 2019
NigeriaIsDoomed:
[s]Where I hail from is immaterial as to why Lagos, a mega city with an accummulated debt to the tune of that figure should remain a case study of how not to run a state.
Do you know that Lagos is one of the commercial hubs of Africa? Lagos should be comparable to her peers in the world.
It is delusional to think that Lagos is Okay.
If you can't see beyond sentiment then I am sorry for you.
Do you know that Lagos is more recognized than Abuja?
Mehn we need to grow up and demand for a change in the way things are done in this country or we continue to collect rice and a few change to vote for these bastards who are only interested in their pockets.[/s]


Simple question, but you keep hitting round the bush! undecided

SMH angry
Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by orisa37: 11:18am On Oct 24, 2019
Proportionally N .1trn per State. THE NASS IS A FAILURE.
Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by BLEMOSEDU: 12:13pm On Oct 24, 2019
tayebest:


Simple question, but you keep hitting round the bush! undecided

SMH angry
He is right and you should shut up. If we want a better country we should all collectively fight these bad leaders irrespective of where they come from, in all my years in Lagos State I have never witnessed such amount of bad roads as is currently the case everywhere today.
Instead of you to look at his valid criticism, you are angling to go tribal.

1 Like

Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by gloriaunobi(f): 12:18pm On Oct 24, 2019
How did they pay all those debts?
Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by tayebest(m): 2:11pm On Oct 24, 2019
BLEMOSEDU:

He is right and you should shut up. If we want a better country we should all collectively fight these bad leaders irrespective of where they come from, in all my years in Lagos State I have never witnessed such amount of bad roads as is currently the case everywhere today.
Instead of you to look at his valid criticism, you are angling to go tribal.


How was his criticism valid?


Next time, try to mind your business! undecided
Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by Iamgrey5(m): 3:04pm On Oct 24, 2019
I was just thinking about the amount of the budget we spend on non productive sector of the economy.
Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by kayusely70(m): 5:05pm On Oct 24, 2019
NigeriaIsDoomed:
The drug baron cum bullion van don ground Lagos. Chineke see Lagos debt with nothing to show for. Bad roads, no schools, abandoned rail projects, no water, zero housing, yet Lagos debt is the highest.
Lagosians una suppose stone these thieves wey don thief and loot Lagos dry. grin
You should focus on your erosion-ravaged region or return back there.
Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by NigeriaIsDoomed: 6:05pm On Oct 24, 2019
kayusely70:
You should focus on your erosion-ravaged region or return back there.
Go back to your village
Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by Nobody: 6:10pm On Oct 24, 2019
tayebest:


Which state are you from and let's compare it to Lagos! smiley
Are you okay?
what are you comparing actually...is it rising debt profile
Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by Base1line: 7:17pm On Oct 24, 2019
This is a typical display of fools not knowing he or she is foolish.
A fool willing to remove the log in the eye of another but deliberately ignoring the log in the eye of his father.
What a foolish fool of subhuman.

NigeriaIsDoomed:
Where I hail from is immaterial as to why Lagos, a mega city with an accummulated debt to the tune of that figure should remain a case study of how not to run a state.
Do you know that Lagos is one of the commercial hubs of Africa? Lagos should be comparable to her peers in the world.
It is delusional to think that Lagos is Okay.
If you can't see beyond sentiment then I am sorry for you.
Do you know that Lagos is more recognized than Abuja?
Mehn we need to grow up and demand for a change in the way things are done in this country or we continue to collect rice and a few change to vote for these bastards who are only interested in their pockets.

Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by helinues: 7:19pm On Oct 24, 2019
And some of the states are listed by BudgIT as those who can survive without oyel money.

I laugh in Mandarin
Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by helinues: 7:21pm On Oct 24, 2019
NigeriaIsDoomed:
The drug baron cum bullion van don ground Lagos. Chineke see Lagos debt with nothing to show for. Bad roads, no schools, abandoned rail projects, no water, zero housing, yet Lagos debt is the highest.
Lagosians una suppose stone these thieves wey don thief and loot Lagos dry. grin

You people with your obsession with Lagos.. Why not Name your state if she is doing better than Lagos?

Always taking aspirin on others headache while they migrate enmass to the same state they castigate daily

Hiss!
Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by NigeriaIsDoomed: 7:36pm On Oct 24, 2019
helinues:


You people with your obsession with Lagos.. Why not Name your state if she is doing better than Lagos?

Always taking aspirin on others headache while they migrate enmass to the same state they castigate daily

Hiss!
Go back to your Osogbo village. Lagos is part of Nigeria so take ypur village mentality to your village.
Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by NigeriaIsDoomed: 7:40pm On Oct 24, 2019
Base1line:
This is a typical display of fools not knowing he or she is foolish.
A fool willing to remove the log in the eye of another but deliberately ignoring the log in the eye of his father.
What a foolish fool of subhuman.

Go back to your village cuz you are as inconsequential as your irrelevant post.
Lagos is not for uncivilized beings.
Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by helinues: 7:42pm On Oct 24, 2019
NigeriaIsDoomed:
Go back to your Osogbo village. Lagos is part of Nigeria so take ypur village mentality to your village.

I never claimed to be a Lagosians in the first place but always proudly Omoluwabi.

Are you too ashamed to name your states?

Asking on behalf of a friend.

Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by NigeriaIsDoomed: 8:03pm On Oct 24, 2019
helinues:


I never claimed to be a Lagosians in the first place but always proudly Omoluwabi.

Are you too ashamed to name your states?

Asking on behalf of a friend.
Young man! Conduct yourself like a civilized being. Stop embarrassing yourself.
Re: Just In: 36 States Of Nigeria In Debt Of N3.6trn by helinues: 8:37pm On Oct 24, 2019
NigeriaIsDoomed:
Young man! Conduct yourself like a civilized being. Stop embarrassing yourself.

Old man , stop being petty. Simple questions you dey shift goal posts

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