Racoon:
Largest IGR, largest debtor. Alpha-Beta Burdillion conduit pipe corruption.

BeautifulMind2:
Lagos earning huge IGR still the most indebted state in Nigeria, yet most of the mega projects are being funded by FG, Private firms
Lekki Bridge PPP funded by Julius Berger, Eko Atlantic Chagouri family, Blue line project FG, Lekki Sea port Chinese government Lagos is smallest by Landmass largely covered by siumbs, 3rd worst city to live in

oshozondii:
The Lagos State Government has borrowed over N126 billion domestically in the last quarter of 2021, the Debt Management Office (DMO) has said.

According to a report released by the DMO, Lagos, whose domestic debt stood at N532.12 billion as of September 30, 2021, is now owing N658.95 billion as at the end of December, 2021.

This represents an increase of N126.83 billion in the last three months of the year 2021, according to the DMO.

DAILY POST observed that Lagos is the State with the highest domestic debt figure as of the time under review.

Ogun State comes second with a total of N232.62 billion debt as of December.

Ogun’s debt profile rose from N192.41 billion to N232.62 within three months, making a debt increase of N40 billion.

https://dailypost.ng/2022/03/21/domestic-debt-lagos-borrows-over-n126bn-in-three-months-dmo-releases-other-states-figures/

SB2020:
Interesting facts about Addis Ababa and Lagos light rail projects.

Addis Ababa / Lagos
Cost == $475Million / $1.2Billion
Length == 34km / 27km
Time to Complete == 4years / 7years (projected)
Year Awarded == 2011 / 2008 (Construction began 2010)
Contractor == China Railway Eng. Corp (CREC) /Chinese Civil Eng. Constr. Coy (CCECC)
Population == 5Million / 20Million


Ethiopia has managed to deliver Sub-Saharan Africa’s first modern light rail project which opened in the capital Addis Ababa on Sunday, and in the process, beat Lagos whose own rail project remains four years behind schedule.

Ethiopia’s rail project was delivered on time, despite its being longer than the Lagos – Badagry rail line currently under construction.

Addis Ababa’s two line 34-kilometre system was built by the China Railway Engineering Corporation (CREC) and cost $475m, 85 percent of which has been covered by China’s Exim bank. The Lagos Light Rail Project or Blue on Badagry Expressway, was to have 13 stations from Okokomaiko to Marina via Iddo for a total of 27 kilometres.

The contract was awarded to the Chinese Civil Engineering Construction Company (CCECC) at the cost of $1.2 billion in 2008, and was to be delivered in 2011. Survey work took one year between August 2009 and August 2010 while construction began July 2010.

The work is being implemented using the public and private partnership (PPP) model, whereby the state builds the infrastructure and the private sector provides the rolling stock and management. However, the project has not worked out according to the plan.
The 2011 deadline was missed, even though the State government got a loan to fund the project.

Source
http://businessdayonline.com/2015/09/addis-ababa-beats-lagos-to-light-rail-as-construction-delays-mount/

A 45-year-old resident and father of three, Mr.Fatai Lamide told PUNCH HealthWise that no building in the community has toilet facilities.

The Oyo State-born mechanic said, “We don’t have toilet in this area, including our compound. This canal that you see serves as toilet to all of us living in this area. We defecate inside nylon and throw it inside the canal.

“For people that don’t want to use nylon, they have a special bucket that they use after which they pour it inside the canal too.

https://punchng.com/cholera-outbreak-looms-in-lagos-communities-as-residents-use-canal-lagoon-as-toilet/

The lack of state-owned pipe-borne water in the homes of Lagos residents has continued to be a source of concern, a non-profit group, Corporate Accountability and Public Advocacy Africa (CAPPA) has said.

At a press event to mark this year’s World Water Day, the group said its monitoring team’s visit to state-owned waterworks showed that most of them are not operational.

The group said the waterworks it visited include the ones at Maryland, Mushin, Ikorodu, Obalende, Agbowa, Onikan, Ikoyi, and Amuwo Odofin.

Only the one in Ikoyi is producing water, according to CAPPA.

https://www.premiumtimesng.com/regional/ssouth-west/450615-world-water-day-lagos-water-crisis-worsening-group-says.html

successmatters:
Thank you NBS

I think the amount allocated to Lagos is wrong. Dangote has been doing a lot of business and paying so much tax to Lagos government, the money should be deducted and given to Kano before hunger finish hi brothers up north

A whole Kano, with over 10 million people in population is doing only 40 billion with Edo sitting on top of Kano, looking over its head

Bini no dey carry last abeg

South west #972 billion
North West #174 billion Only?
Haba, upon all the landmass, and small South west is still beating them silly?

Lagos should just buy over Yobe state

Proudly Lagosian

AllTheWayUp:
Okowa you are performing well.
Obaseki great job
Delta and Edo State (BENDEL) representing well

Focusmind:
There is so much money in Lagos. Some commissioners and head of agencies are in control of more money than some State governors in the North. I wished all these money could work to transform the city. The infrastructure here cannot be compared to its contemporaries in other countries.

muykem:
Why is our brother from South east are sounding so dull this days? Lagos IGR can pay their debt off in just one year, please bring up the least indebted state in the south east and let us know how many years their IGR will be able to clear the debt. It's only fools will said a man with 1M salary and 200k debt is more indebted than a man of 100k salary and 80k debt.

LegendHero:


We don’t even need other states to use Alpha Beta to know it is a success story.

Since it was introduced, Lagos revenue keep soaring which is what we needed from it.

If the lying braggart Obi could go on TV to commend himself for investing state money in his personal business, why must we defend the rationale behind giving Alphabeta service fee for collecting the taxes?

Anyone that is not happy with it should relocate to his state where they won’t have Alpha Beta to collect the taxes.

abc115:

Kaduna and Kano are performing better than South East

AllTheWayUp:
Okowa you are performing well.
Obaseki great job
Delta and Edo State (BENDEL) representing well

sagitariusbaby:
Bendel state or Mid West would have been the most prosperous region in Nigeria if left as it was.

successmatters:
Thank you NBS

I think the amount allocated to Lagos is wrong. Dangote has been doing a lot of business and paying so much tax to Lagos government, the money should be deducted and given to Kano before hunger finish hi brothers up north

A whole Kano, with over 10 million people in population is doing only 40 billion with Edo sitting on top of Kano, looking over its head

Bini no dey carry last abeg

South west #972 billion
North West #174 billion Only?
Haba, upon all the landmass, and small South west is still beating them silly?

Lagos should just buy over Yobe state

Proudly Lagosian

nedekid:

Dont use the US in your comparison. The US has the dollar as world reserve currency and so it is artificially inflated. The US will never have to pay it astronomical debt . All it will do is print more paper money. Same cannot be said of any state in Africa.

BeautifulMind2:

Lagos most is most indebted state in Nigeria yet most of the projects are being finance by FG

successmatters:
Thank you NBS

I think the amount allocated to Lagos is wrong. Dangote has been doing a lot of business and paying so much tax to Lagos government, the money should be deducted and given to Kano before hunger finish hi brothers up north

A whole Kano, with over 10 million people in population is doing only 40 billion with Edo sitting on top of Kano, looking over its head

Bini no dey carry last abeg

South west #972 billion
North West #174 billion Only?
Haba, upon all the landmass, and small South west is still beating them silly?

Lagos should just buy over Yobe state

Proudly Lagosian

trutharena:




Source: https://www.thecable.ng/36-states-fct-recorded-n1-9trn-igr-in-2021-up-by-22/amp

Lagos leads the pack with a clear lead.

GeneralPula:


You’ve changed moniker again. Because of the positive result, Emeka has sharply claimed Lagos, ignoring his potopoto region..

Gdp from your region is there, you didn’t bother to talk about it. It was the north & west affairs that’s urging you. It’s not a bad thing. Nobody likes associating with low life’s

AllTheWayUp:
Okowa you are performing well.
Obaseki great job
Delta and Edo State (BENDEL) representing well

Racoon:
Largest IGR, largest debtor. Alpha-Beta Burdillion conduit pipe corruption.

LegendHero:


Why is it that IPOB terrorists generally are bitter people?

Lagos recorded that high lead and instead of at least commending the government on the topic, you had to smuggle Tinubu in to show your bitterness.

The lunatic Obi the fugitive that governed Anambra couldn’t set up a clear path for the state revenue to grow which led to Soludo borrowing over 100billion in his first 100 days as governor.

USA is the most indebted country in the world, yet they are the number one economy in the world. Loans does not neccessarily mean you are doing bad, it is what you do with the loans that matter.

In Lagos, we are building light rail, something your Igbo governors right from Azikiwe days never dared achieved. We attracted refineries, deep seaports, and etc. while your people continue to hate and hate and hate.

What has your hate led you to?

INDOMIE9090:
See how ogun state beat those 5 landlock states in that primitive region
SE is a cursed region-in dokubo voice

trutharena:




Source: https://www.thecable.ng/36-states-fct-recorded-n1-9trn-igr-in-2021-up-by-22/amp

Lagos leads the pack with a clear lead.

affable4:
I think it is time we understood that there are limits to what a governor can actually add to the economic prosperity of his state.

A few billions here and there.

The IGR of most states is based on natural resources and infrastructural concentration in those states before now.

Even if the governor of Yobe state is a magician, he can never increase the state IGR to 50b.


Enjoy if your state is well positioned, but let's be logical in comparison and criticisms.

trutharena:




Source: https://www.thecable.ng/36-states-fct-recorded-n1-9trn-igr-in-2021-up-by-22/amp

Lagos leads the pack with a clear lead.