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Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 4:34pm On Nov 25
GeneralHannibal:


You are fool!

The idioots I threatened should try anything silly and see.


You are a coward, an empty chest-beater and big pu**y. Is that "silly" enough for you? Now do your worst.

8 Likes

Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 4:14pm On Nov 25
juman:


Serious minded governor can provide all those with real determination.

They should not wait for the federal government to do meaningful things with their lifes.





Not true. The cost od a modern modular rail network, for example, is very high. This is why even Lagos has not completed irs own model. The FG must assist states more in terms of critical infrastructure and one of the ways to do this would be to reform bloated federal governance so that more is made available dor States to spend on the socio-economic drvelopment of Nigeria.
Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 4:08pm On Nov 25
GeneralHannibal:


Gbawe has eyes, and I'm sure he read my comment. So stop crying like General Diya.

We won't warn him again. embarassed embarassed embarassed

Enough of you cretins derailing the thread with your small-minded antics. Do you have anything sensible at all to say about the topic? As for your empty warning, I dare you to do your worst.
.

3 Likes

Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 3:55pm On Nov 25
Boss13:


It is a shame that we have converted this into a tribal war rather than ask pertinent questions such as accountability for the Internal Generated Revenue and transparency in the process these funds are generated. As a taxpayer in Lagos, I feel the state owes me a duty to explain how my money was utilised.


Try the Lagos State official website. It is virtually the most comprehensive and informative in Nigeria with detailed and up to date information about the income and expenditure of the State.

6 Likes

Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 3:52pm On Nov 25
patrickmuf:
Actually it's cool to read through a thread before making inputs...If you did, you'd have notice that this thread is about the success of Lagos state per internally generated revenue as a means of encouraging or weighing the progress of other states...It was interactive until Ketty whatever came in with his usual lies born out of his hatred for the Yoruba ethnic group....


Precisely. Frankly, this is what majority of Nigerians claim they want to see. I.e Nigerian States moving towards the ability to be financially independent and self-sustaining. The more a State nears this holy grail the more develppment partners flood in and assistance multiply

3 Likes

Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 3:30pm On Nov 25
Desola:


Too many stup1d people abound. How do I start to debate with people who are simply hurt by the progress of my state? I don't know how to debate against pure jealousy and envy.

Quite difficult to do. I would suggest you don't let it get to you and perhaps even turn it around on the clowns now and then when you have the time. We all know what has driven the bitter and negative contribution of some posters here. This is why I always tease the bigots here when I have the time or inclination. I realise that these prejudiced hack get even more upset as their negative lies and obvious bad belle are discredited.

Gone are the days when I used to take the jokers seriously. Constructive criticism is okay but such should make sense and be directly pertinent. This development is laudable as it means Lagos is on course to becoming virtually independent and self-financing. This would be a dream fiscal scenario for any Nigerian State because federal allocation can effectively be utilised for capital projects since the State can finance itself.

2 Likes

Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 3:08pm On Nov 25
Desola:


You are bigger than this Gbawe, you should not have risen to their level of juvenilise.

Debate the facts as you have been doing and leave the immature rants to them. You must not fall for this stale attempt at derailment.

Abeg dear lady, permit my digression. I simply wanted to say a Tuesday prayer for our bigoted friend. Anyway, I get your point.

1 Like

Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 3:06pm On Nov 25
shizzleStar:
bla...bla...you sound hurt

@bolded, you are a fat liar! you are just exhibiting your sheer hate on him, can you swear that tomakint is older than you? stop deceiving yourself grin

Say amen nau? Are you scared? Coward. I have said amen for you anyway. Stuupid bigot and empty loser.

3 Likes

Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 2:59pm On Nov 25
phantom:

err....sorry o! you seem to be so sure of gbawes age. if you are sure he is far older than many of us here,then i dont think its proper to insult him the way you do ...honestly! you can actually argue RESPECTFULLY with him. you can disagree with him without insults even when he does to you.

@gbawe....tone down the insults.some opinions are down right offensive and annoying but it wont cost you nothing to overlook them.

My bro, I respectfully urge you to stay out of my tete-a-tete with some posters here. You cannot know Niaraland from one thread or even from being on this forum for a year. There is no one I insult here who does not deserve it by virtue of the fact that they insulted me without provocation, at one stage or the other, while I tried to discuss productively. I used to ignore them for a long time till I realised some of them take the graciousness of others for weakness. The fool Tomakint, for example, ran around NL hurling insult at any poster who criticised GEJ. His favourite was to call every critic of GEJ old as if he is himself a teenager.

Imagine my shock when the picture-expose phase on Nairaland showed him up to be an old, ugly and scruffy hobo !!! Why should I then not pay the lying hypocrite back in his own coin when it is cretins like him destroying this forum simply because they cannot stand factual criticism of their failed messiah? As for the others, they are prejudiced and ethnocentric clowns well-known on this forum for their sectional myopia against other ethnic groups especially Yorubas, Hausas and Fulanis . I cannot stand those sort and I have no interest in being polite to them same as a black man has no kind words for a racist or white supremacist. I am a highly refined and well-mannered person and as such will never insult you and other productively polite posters but I make no apologies for insulting vile posters and uncouth agberos who feel they have a monopoly of hurling vitriol at others

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Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 2:38pm On Nov 25
shizzleStar:
Bruv i dey'o...being kinda busy tho that's why my presence is epileptic and one stewpid tribal mode keeps banning me at will cheesy

@bolded, i was wondering why senile gbawe went berserk on you,
i laugh hysterically when i see the baba calling a young man like you old, i can imagine he wishes he were as young as you...so dont mind the sewpid old man.

As long as i have the time, he and his ilks will surely have me to contend with.

1Luv bruv cheesy

Bro, you think I am a liar like you, Tomakint and other shameless Nigerians always using 'football age' that sees grown men of 35 pretending to be 16 on a football pitch and calling young European boys of 18 their "egbon" like the unkept old man Tomakint is doing here shamelessly?

As this is a politics forum, I will use an example of Dimeji Bankole (he is 44) to make a point since he is one of Nigeria's most prominent young Politicians haven been a former speaker HOR.

I urge the entire forum to now pray with me.

If Dimeji Bankole is my egbon (older brother) age-wise then may God continue to bless and accord me success as has been the case till now. Misfortune will then be your lot from now and henceforth if the above is true and the same misfortune should befall me if it is a lie and I am indeed as old as Dimeji Bankole let alone be considered an old man. I say a big Amen to this prayer and Nairalanders are welcomed to help me say amen to this prayer too to make it more potent.

When the misfortune and bad luck begin to come your way then you will know why cool cool cool cool cool

At least we have seen pictures of Tomakint to know 100% he is an ugly, poverty-stricken, shabbily-dressed and urchin-like 'arugbo'.

5 Likes

Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 2:13pm On Nov 25
shizzleStar:
FOOL, [b]if there is anyone who doesn't pay tax n lagos state, its your lazy, yoruba leeches brothers. [/b]Perhaps the IGR was generated by your agbero brother and touts that harass and extort from law-abidng Nigerians going about their legal activities in bus stops and parks.

IDDIOT!


grin grin grin grin grin Slowly,slowly I am drawing out the bigot in you. Let me guess. Igbos pay 99.9% of the taxes collected in Lagos State? I have already disgraced your brother-in-deluded-braggadocio, i.e Kettykin, and he has disappeared . You better run along too . It is bigoted, divisive and empty noise-makers like you all other balanced and tolerant folks are tired of.

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Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 2:00pm On Nov 25
shizzleStar:
shut up!

I pay tax in lagos so i have every business with lagos. You are obviously not only angry but also frustrated. I know your wish is to have igbos leave lagos, Nigeria is our commonwealth, deal with it...you egocentric dingbat. You refer to a younger and more reasonable and sincere person as old (Tomakint), where does that leave you?

Shameless, bigoted nincompoop grin


What a joke. A jobless hack like you pays tax? Whatever next? You own Mansions, property portfolios, private jets and 50 multinational businesses? Keep deluding your paranoid self claiming anyone wants you to leave Lagos. It is prejuidiced liars and ethnocentric braggarts like you and Kettykin folks resent not hard-working and gracious Igbos who are happy to live and let live. Mumu, abeg go and sit down somewhere.

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Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 1:45pm On Nov 25
shizzleStar:
SHUT UP!

You have being jumping up and down this thread like an overfed Cameroonian frog in your vain attempt to to tag your paymaster fashole as an enigma per excellence who every other state govt should model after, forgetting that the huge IGR is made possible by the multitude of Nigerians that reside and do business in lagos while paying their taxes diligently, your veiled attempt to pass off the success as a yoruba achievement is a failed one.

Stop littering the thread with our clannish and over-bloated ego filled comments, as you can only fool the gullible with your epistles and deceptive sermons. Every sane mind knows Lagos is our commonwealth, so there is nothing extra-ordinary in lagos having a very huge IGR, so get off your high horse and stop the hyping and display of arrogance of intelectual superiority associated with you and your ilks

Now tell us, should every government also embark on 'deportation' of law abiding Nigerians from the domiciled states?

Another angry bigot. What is your business with Lagos or does your anger stem from how I have shown your brother kettykin up for his lies and delusionally empty chest-beating? It hurts right ? I.e the truth, which is very far from the lies peddled by you shameless braggarts, being revealed to your disgrace and bellitlement? You prejudiced nonentities are so predictable.

We are talking of IGR and this ethnocentric hack is talking of "deportation". What next? You will tell us Fashola committed atrocities against you during the civil war? Spare us your bitter paranoia and face the topic if you can which is that Lagos is moving towards becoming independent and self-financing.

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Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 1:09pm On Nov 25
patrickmuf:
Can you please do a little comparison before you start ranting? Do a check on the population as well as the budget of each state and come back here and apologize for this obvious display of foolishness

Why waste time trying to educated the old, haggard and senile illiterate? Remember they say a fool at 40 is a fool forever. What then is the bum-like Tomakint capable of learning at his present age of 65? Bro, this level is far above his head abeg. It is only a highly ignorant fool that will be comparing Akpabio with Fashola. That asinine comparison is how you can tell who the cretins are.

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Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 12:56pm On Nov 25
skyfall:


Ehyah, pele.

You know what you'll do next? Call a meeting of all the people listed above who are "controlling" the economy of Lagos, and ask them to relocate to your village so you can reap from your investments.

Mumu!


You are minding the deluded braggart? Thank god the Nairaland picture-expose thingy showed up all these "mansion owners" and "CEOs" for what they really are. The same way they make up delusional fantasies about themselves is how they ridiculously claim their kinsmen own the entire universe. Sadly for these fools, we are in an information age where knowledge is readily available for anyone interested in banishing ignorance.

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Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 10:59am On Nov 25
Ayus34:

please it's high time u guys go and replicate same in ur states. ....we appreciate ur nice gesture and don't really need that anylonger,we built cocoa house,gave free education,industrial estate ilu peju,OAU IFE,and ibadan was then the largest city in west Africa etc without ur so call genus. .... by denigrating other effort from patriotic residents of Lagos.......summon the courage and and leave.....so that u can successfully disgrace the Yorubas .....and see if they won't develop or not .....but if u can't,then u remain an ingrate and a pest!!!

Bro, the simple truth is that they have not been able to "replicate" anything anywhere because they work with chest-beating delusions of grandeur and wild lies alone. This is the conclusive reason why individuals who claim they have built good things elsewhere 'oddly' seem incapable of doing so at home. I don't get how some people have no shame at all. You will use outright lies and fallacies to proclaim you have done this and own that yet you can never reproduce such in your own traditional abode where it is most needed. Sadly for deluded fools, we live in an information age and it is very easy today to discredit liars and empty braggarts as I have done here with relative ease.

12 Likes 1 Share

Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 10:54am On Nov 25
geeez:


I've always tried to restrain myself from commenting on NL and just read through comments and refrain from commenting when someone types my mind but now I have to do this.

How is banking in Nigeria controlled by Delta Igbos?

You're just a fat lair and I've been following your irritating tribalistic and nauseating comments

FYI, Yorubas own and control most of banks in Nigeria from FBN to GTBank, Heritage, FCMB, Wema and Skye. Union and UBA are struggling in my opinion and Access still has a lot of Yorubas and Edos as owners

You can only lay claims to Zenith, Diamond and Fidelity

Now regarding the lies you posted as breakdown, you can click on the link below to see that Yoruba dominated businesses as well as foreign owned ones are the main sources of Lagos' IGR.

http://dailyindependentnig.com/2014/09/lagos-raked-n384b-revenue-2013/

Note that the SW got over 95% of FDIs into Nigeria last year because we've made the environment ideal for businesses to thrive.

And Ogun State currently generates over N6bn monthly from an average of N2.7bn monthly in 2013. It will take your erosion ravaged state 15yrs to catch up. Besides the state plans to generate an IGR of N10bn per month in 2015 which from all indications is possible

http://dailyindependentnig.com/2014/10/ogun-targets-n10b-monthly-igr/

And note that when Amosun became governor, the state was barely generating N730m monthly and he's still in his first term.

This was how Lagos started in 1999 and now everyone is rushing over to enjoy the benefits

Bro, are you taking the deluded bigot and charlatan seriously? All his kind are able to do is pull out imaginary figures from their azz for the sake of nothing else other than proclaiming mythical superiority over others. They, with the wild and shameless lies they tell daily, are probably the most discredited members of this forum.

Compare his silly figures with that below and you will realise that some folks should not even be allowed to discuss in an environment where fact-based truth is germane to the issues under inspection. These are the characters who have given us a reputation as a dishonest Country full of people ready to tell wild and ridiculous lies always.

The 419 ethnocentric and chest-beating "we own and control everything" lies:
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

The fact-based and statistics-supported truth and reality:
Seven different sectors dominate economic activities in Lagos State, led by manufacturing which, interestingly, contributes 29.60 percent of the state’s GDP figures. Road transport follows closely contributing an average of 26.47 percent of economic activities in the state. Other sectors in order of dominance include building and construction (19.60 percent); wholesale and retail (8.39 percent); telecommunications (3.71 percent); financial institutions (3.51 percent); and real estate (2.01 percent). The seven sectors account for 93.39 percent of economic activities in the state.

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Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 10:41am On Nov 25
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


Why are you ethnocentric charlatan such shamelessly dishonest and emptily chest-beating liars? Are you guys never ashamed to pull out imaginary figures from thin air that keeps getting discredited daily? We live in an information age and the entire world has now moved beyond your 2-by-2-container-shop-parading-as-a-business-empire lies and delusions. Pathetic lies and empty chest-beating is all your kind are associated with today.

No one is fooled any longer by your claims of 'mansion ownership' and "we run Lagos" bullcrap. The truth is now out there for all to access. Compare the figures below with your grossly fallacious data which is driven by an innately dishonest nature and inferiority complex. This is why you guys are predisposed to making wild claims that are symptomatic of the delusions of grandeur you routinely suffer from. Shameless bigot.

http://businessdayonline.com/2013/04/examining-lagos-state-gdp-figures/#.VHRH5ousXL4

Examining Lagos State GDP figures
April 22, 2013 | Filed under: Analysis | Author: Editor
11
While Nigerians await the state-by-state breakdown of the country’s Gross Domestic Product (GDP) figures by the National Bureau of Statistics (NBS), it is great to see that the Lagos State government has gone ahead to calculate its own estimated GDP. The move by the state is not surprising considering it has been in the forefront of economic development in the country. The state currently has one of the best and most complete economic statistics in the country.

The state’s GDP figures released in September 2012 provide some interesting insights into the Lagos economy. The state has a GDP figure put in excess of N12 trillion or $81 billion as of 2010. Its economic size is about 35.6 percent of Nigeria’s 2010 GDP but a significant 62.3 percent of Nigeria’s non-oil GDP.

However, on the African continent, Lagos State GDP figures rank fourth below Cairo ($145 billion), Johannesburg ($110 billion), and Cape Town ($103 billion). The figures show that the Lagos State GDP is higher than 14 of the 51 states in the United States of America. It is also estimated to be bigger than the GDPs of 22 of the 27 states in Brazil, and higher than 42 individual states in Africa, including Kenya with a GDP of $66 billion, Ghana with a GDP of $61.97 billion, and Tanzania with a GDP of $58.44 billion.

Seven different sectors dominate economic activities in Lagos State, led by manufacturing which, interestingly, contributes 29.60 percent of the state’s GDP figures. Road transport follows closely contributing an average of 26.47 percent of economic activities in the state. Other sectors in order of dominance include building and construction (19.60 percent); wholesale and retail (8.39 percent); telecommunications (3.71 percent); financial institutions (3.51 percent); and real estate (2.01 percent). The seven sectors account for 93.39 percent of economic activities in the state.

The Lagos State Bureau of Statistics also breaks down the state’s GDP based on sectors. Livestock is the biggest economic activity in the agricultural sector. This is closely followed by forestry, and then fisheries which is about half the size of the livestock sector. Crop production is almost insignificant in the agricultural sector, contributing just 0.004 percent of economic activities.

Road transport is the giant in the room in the transportation sector in Lagos State, making up more than 90 percent of economic activities in the sector. The road transport sector is only slightly smaller than manufacturing. Manufacturing and road transport activities actually make up an average 56 percent of all economic activities taking place in Lagos. This explains the Lagos State government’s emphasis on road transport infrastructure within the state as both sectors actually feed on each other. The roads need manufacturing goods and passenger traffic while manufacturing needs the roads to move goods from production centres to the market.

The financial services sector of the Lagos State economy is dominated by financial institutions, with the insurance sector almost a negligible player in the sector. Insurance sector’s contribution to economic activities in Lagos State stands at just 0.30 percent compared to 3.51 percent by financial institutions. In the communications sector, telecommunications dominates, with broadcasting and postal services making marginal contribution (0.03 percent).

Under utilities, electricity dominates, but it contributes just an insignificant 0.47 percent of economic activities in Lagos State, a reflection of the challenges faced in the sector in the country. The contribution by the water sector is even more insignificant at just 0.03 percent. In a more ideal situation, these two sectors would be ranking among the highest contributors to economic activities because they are essential to modern living. Unfortunately, this is not the case here. The negligible contribution of these sectors hides the strong growth potential of the Lagos State economy if both sectors are repositioned to play their proper role in economic activities.

Currently, the NBS is compiling GDP figures for about six states of the federation. Ahead of the release of these figures, which was expected in March 2013, BusinessDay research will soon be releasing its report on the states of the Nigerian federation. The report is an in-depth analysis of the macroeconomic environment and fiscal plans of Nigeria’s 36 states and Abuja. It shows what the states are going to spend and how they are going to spend it. It is also a deep analysis of the financial profile of each state, showing internal revenue projections and history, debt overhang, projections and sustainability, projected expenditure-to-consumption ratios, and major projects in each state.

Due to non-availability of the GDP figures for the 36 states and Abuja, BusinessDay Research will be using NBS figures on consumption patterns in the states as a proxy for GDP figures. The report is an invaluable guide to anyone seeking to do business with or in the states and also to state governments wanting to know how their expenditure plans and macroeconomic environment compare competitively with other states and to the needs of the states.

Note: If you want analysis or data on any company or any particular sector of the Nigerian economy or industry or have any other queries that BusinessDay Research Unit can help you with, kindly send a mail to research@businessdayonline.com or call 08185193932. We can also help you with your confidential market surveys and competition analysis at a cost.


ANTHONY OSAE-BROWN

Editor, BusinessDay Research Unit

anthony@businessdayonline.com

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Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 10:30am On Nov 25
abdulwastecx:


What diversification are you talking about?
Crude oil still account for about 96% of our total government earning
recurrent expenditures still account for about 76% of budget
The clueless Jonathan still condoles corruption, stealing and Nepotism

To diversify the economy you need more investment in infrastructure like rail way network linking all the major cities in all Nigeria states
You need to generate enough electricity to support small scale- medium scale industries
you need have a strong financial sector that can lend money to small and medium scale entrepreneurs at a low interest rate
you need a strong engineering and technical educations comparable the level achieved in the west.

How many of the aforementioned has clueless jomathan been able to put in place?
we seriously need a change of government to save this beautiful country.

Long live the federal republic of Nigeria Long live Buhari- Fashola..... SAI BUHARI

Don't mind the dishonest urchin and ragged old fool. Senility is setting in and that is why he sees one thing when the whole World, even beyond Nigeria, sees something entirely different.

1 Like

Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 10:28am On Nov 25
phantom:


pray tell,what strings or weight is akwa ibom pulling??
Oga many people here are too intelligent for this your petty argument. grin
please tell me how brand new stadium,library and cinema house will pay salaries in the akwa ibom civil service in coming months.


grin grin grin Precisely what I told the senile old fool previously. Silly 'agbayas' and charlatans like them should stop showing face on threads like this and leave discussions to sensible adults with a good grasp of pertinent issues. Perhaps if that begins to happen more then some of the intelligent posters who have left will come back and Nairaland will regain the 'form' that saw threads like this being a source of critically effective thinking, erudition and informative analysis instead of what obtains currently whereby cretinous lunatics have taken over the asylum.

The fact of the matter is that Lagos has emerged the only Nigerian State close to becoming self-financing entirely. It is the impressive IGR increase Lagos has gained under Fashola that now means Lagos would be the one of the biggest economies in Africa if an independent nation. Yet the FG, on the other hand, is now revealed, by falling oil prices, to be a hugely corrupt, badly exposed and unprepared failure. These near-illiterate simpletons think they can disparage the monumental achievements of Lagos, under Fashola and Tinubu, while simultaneously supporting the Jonathan-led ultra-gradualist FG that is corruption, ineptitude and indolence personified. Tragic comedy really the way some Nigerians are happy to persevere with mediocrity and sheer ineptitude while never willing to give credit where due or admit that others they love to hate are working admirably and commendably.

http://uk.reuters.com/article/2013/10/23/uk-lagos-megacity-idUKBRE99M04620131023


"WE CAN'T STOP THEM COMING"

If Lagos were a country its GDP would make it Africa's seventh biggest economy - more than twice the size of Kenya's. Its large consumer market is already well established for firms like Unilever, Heineken and Nestle.

One of Africa's biggest stock markets sits here, as does its second biggest market in government bonds. Industry is hampered by poor power generation, but the service sector is booming.

Lagos accounts for more than half the non-oil economy of Africa's leading energy producer, says economist Paul Collier, who sees it as key to breaking the country's dependence on oil.

"Lagos is Africa's best chance of a productive megacity," he wrote in The Plundered Planet. "As oil runs down and is replaced by a new economy ... Nigeria's economic future lies in Lagos."

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Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 9:53am On Nov 25
OAUTemitayo:
I think you need to put aside your penchancy for hypocrisy and bare-facet lying.
If you have not jumped to the fray without your irritating ignorance you would have been able to decipher between REVENUE RECEIVED and REVENUE GENERATED.
The OP was talking about internally generated income not statutory allocation from the federation

Dude, ignore the charlatan. Who here is unaware he is a closet bigot only interested in seeking negatives about SW States while failing to give credit where due when the monumental strides of Lagos, defiant of the Nigerian reality, is highlighted? The message here is clear and simple enough. Lagos, by far, leads the way in IGR and is on course to becoming Nigeria's only self-sustaining State.

If Nigeria were not a horribly divided nation, full of prejudiced folks and bigots, then we would all be looking at the achievements of Lagos as a template we must present to our respective State Governors. Why is it that the world has no problem voting Fashola one of the 100 most influential global thinkers while at home ethnocentric mischief-makers (like the poster you quote) concentrate their effort on finding negative points, whenever positives about Fashola or Lagos is stated, when such are non-existent?

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Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 9:43am On Nov 25
phantom:

I keep saying it that as Nigerians we must look beyond shiny objects, look at issues critically and objectively and proffer sensible solutions.
you want to kill a leader who taxes you to put good infrastructure in place but you have no problem relocating to a sane country like the UK and paying twice that amount in taxes.
this is a blessing. maybe we will be forced to hold our leaders by the jugular when they don't deliver after taxing the living daylights out of us because its inevitable.

I have made the same call too umpteenth times. Yet many Nigerians are too sentimental to the extent they are unable to focus on what matters. We must begin to plan for period like this more effectively. The sad reality is that most Nigerian States are now totally screwed if the falling oil prices continues and indeed low per barrel price of oil, below our budgeted benchmark, become the reality for the foreseeable future. This is not something we should play politics with. This is a time to ask serious questions and look critically at what leaders are doing.

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Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 9:34am On Nov 25
Abagworo:
They keep quoting the figures but at the end of every fiscal year barely 40 to 60% of budget is achieved in most States. Wake me up when you achieve 80% implementation.

Well, you better wake up sir.

http://www.lagosstate.gov.ng/Y2014%203rd%20Quarter%20Budget%20Review.pdf

Highlights of Half-Year Y2014 Budget Performance
Q3 & Cumulative Y2014 Budget Performance
Appraisal 15
The Overall budget performance was 86%; below the
set benchmark of 100% but higher than 72% for same
period in Y2013:

Total Revenue - N199.479bn/86%
Capital Receipts - N17.793bn/153%
Recurrent Expenditure - N112.668bn/96%
Personnel Cost - N42.719bn/97%
Overhead Cost - N69.949bn/95%
Capital Expenditure - N99.071bn/78%
Financing - N5.533bn/-%
Capital/Recurrent Ratio was 47:53 as against
52:48 benchmark per Y2014 budget.

5 Likes

Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 9:11am On Nov 25
phantom:
halleluyah! shi.t is about to get real.

it is in times like this that one knows sensible and intelligent leaders.

kudos to fashola and even tinubu for seeing the future and taking measures on time.


kudos to amaechi for even shoring up rivers igr up to 90billion. I see no reason why aggressive tax drive cannot drive that value up to at least 150billion.
with drastic cut down in the states civil service, rivers will be just fine.

where is akwaibom? where are MY south eastern states.
its obvious governance goes way beyond building stadiums,swimming pools and viewing centers.

Well-said bro. The above in bold is precisely what I stated also in my post before this one. Shebi Nigerians all had time to be arguing inanely before? Now that 'austerity' is officially here we will see what strength or focus a hungry people will have to be insulting those doing very well while same set of hypocrites had the time and zeal to be supporting and making excuses for a failed federal government led by the one of the most corrupt, most insensitively profligate and most incompetent leader in the world.

Soon, money to browse Nairaland will be a problem for the charlatans who have supported the worthless GEJ government that has gotten Nigeria to this awful scenario where we are almost totally unprepared economically for falling oil prices because of hideous corruption,anti-people economic policies, leadership deceit/lack of transparency, copious looting of Nigeria's oil income through the NNPC and slack policies of Government and the promotion/perpetuation of a monumentally bloated democracy leading to recurrent spending running at around 70% of annual budget when this figure is under 10% in many developed Countries.

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Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 9:03am On Nov 25
@Topic.


I am very proud of the achievements of Lagos. It is times like this that the reality of who is leading well, and who is failing, becomes crystal-clear despite how Nigerians like to play politics of ethnicity and sectional bias. Let oil fall to $10 per barrel. When Nigerians begin to suffer terribly then they will hopefully learn a lesson or two about putting sentiments aside to vote out terrible leaders who maintain ten air-planes,at hideously monumental costs, in a poverty-ridden nation .

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Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 8:43am On Nov 25
The 2014 "austerity"reality clearly revealing the hideous failings of GEJ and Okonjo Iweala to plan adequately/proactively and shield the economy form oil-based vulnerability. They promoted runaway corruption and failed totally to reign in ten-plane profligacy and bloated governance. Now, there are virtually no buffers in place at all for the Nigerian economy and people because of corruption, economic cluelessness, lack of focus and sheer ineptitude and unacceptable indolence. Now I suggest you shamelessly dishonest TANdroids get out of this thread and let intelligent folks discuss the immense stride forward Lagos has made, under the APC and Fashola, while all PDP States have meagre IGRs they have failed to develop appreciable over many years.

http://allafrica.com/stories/201411181676.html


Nigeria: Mixed Reactions Trail Introduction of Austerity Measures



Lagos, Nigeria
By Francis Onoibholo, Philip Oladunjoye, Sylvester Enoghase, Bamidele Ogunwusi, Austin Adah, David Agba, Chinwendu Nnadozie, Oladele Ogunsola
Finance Minister and Coordinating Minister for the Economy, Ngozi Okonjo-Iweala, did not hide the fact that Nigeria's economy is in dire straits. She has announced a multi-pronged strategic response to mitigate the adverse effects of the decline in the price of crude oil in the global market.

Some of the new measures include proposing $73 oil benchmark for the 2015 budget, taxes on luxury goods as well as non-sponsoring of overseas training for civil servants and full implementation of the Oronsoye Committee Report on MDAs, amongst others. Some Nigerians have expressed mixed reactions on the new measures.

Reacting, constitutional lawyer, Itse Sagay, on Monday, advised the Federal Government to tackle corruption and increase productivity in the non-oil sectors of the nation's economy.

Sagay gave the advice in a telephone interview with the News Agency of Nigeria (NAN) in Lagos.

Sagay, however, said the oil glut could be a blessing in disguise for Nigeria.

He said that the country must stop its dependence on oil as the major source of its revenue and diversify into other sectors.

On his own, Yinka Farounbi, Chairman, Nigerian Bar Association (NBA), Ikeja branch, also called for the diversification of the economy.

"We have been saying this all along that our dependence on crude oil as the mainstay of our economy should be minimal.

"There are other natural resources that can enhance the country's internally generated revenue.


Also, Edo State Publicity Secretary of the All Progressive Congress (APC), Godwin Erhahon, said: "it is good that the FG has finally owned up that all is not well with the nation's economy, especially with her earnings from oil.

"What our economy is suffering from is the laziness and insincerity of our leadership.

"Is it not a shame that Late President Yar'dua was able to protect our crude oil from thieves, but stealing of crude thrives under President Jonathan unabated? The solution to our economic woes is not austerity but removal of a prodigal regime with its lazy and clueless leadership."

On his part, former deputy governor of Lagos State, Prince Abiodun Ogunleye, said the decision stemmed from bad leadership, which has failed to manage the economy properly. "We wouldn't have been talking of introducing austerity measures at this time if the leadership of the country was able to manage the vast resources properly," he said.

Ogunleye stated that the country is naturally endowed, "that we don't need to depend on oil. God has blessed this country that every part of the country has the needed resources that if properly harnessed, could turn around the economy of the country.

"When I came back from Korea in 1974, its Gross Domestic Product (GDP) of the country was the same with Nigeria but today, Korea is regarded as one of the Asian tigers and Nigeria's major exporting country".

The former governor expressed doubt over the success of the measure and urged the Federal Government to diversify the economy instead of wholly depending on oil.

Also, the Lagos Chamber of Commerce and Industry (LCCI)'s Director General, Muda Yusuf, while reacting to the inherent dangers that may befall the nation's economy following the introduction of austerity measures, stated that the salaries and wages would be adversely affected

He said: "The introduction of austerity measure by the Federal Government is inevitable in the light of the current situation of a decline in the price of crude oil, but the dangers in the policy would be a sudden reduction in spending and adjustments on capital projects as part of the sacrifice to the paid by Government."

Contributing, the organised labour, under the aegis of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) has warned the Federal Government to ensure the new policy does not inflict more hardship on Nigerians.

NLC General Secretary, Comrade Peter Ozo-Eson, while reacting to the new policy, stated that the Federal Government must be transparent enough to ensure that more hardships are not inflicted on the Nigerian masses.

In his reaction, President of TUC, Comrade Boboi Bala Kaigama, stated that there is the need for the Federal Government to tell Nigerians the relevance of the policy that never favoured the nation's economy during the administration of former President Shehu Shagari.

According to Oscar Odiboh, publisher of Newsletter and a consultant in the auto industry, people knew that the economy was unstable, saying that Okonjo-Iweala has been at the vanguard of defence and denial of the fact that the economy was not working well.

According to him, the fact is just manifesting, noting that the economy has been bad. He said Okonjo-Iweala, by her pedigree, should not have put her hands in it.

On his part, Kehinde Olawumi, a chartered accountant, said the situation was as a result of insensitivity of the government to the people. He said the country has relied too heavily on oil, which they don't have control over the price.

For Wale Omole, President of Peoples Problems and Solutions, a non-governmental organisation, which assists Nigerians in poverty eradication and other economic problems, the move has shown that the current government has failed in its responsibilities to Nigerians and Nigeria as a country.

His words: "Austerity measure is not a bad thing on its own. It has been used by governments in the developed world of recent to redress their spending and return their economies back on its feet, but the problem with Nigeria is that we are not suppose to be experiencing this. The way we waste money on frivolities in government has led to this state.

Jude Udeozor of Financial Initiatives Limited told Daily Independent that: "Even Dr Okonjo-Iweala knows it that she can only bark but she cannot bite; all what they are doing is playing to the gallery and they would always protect themselves.

"Some others said, 'if the government was truthful and ready to protect the masses, all those driving expensive cars would be made to pay heavy duties and taxes on those facilities as this is the only way that the poor would be protected."

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Politics / Re: Lagos IGR Now 75% Of State Budget...And IGR of each State by Gbawe: 8:29am On Nov 25
tomakint:
The diversification of the economy by the Jonathan-led government will on the longrun absolve us from this impending economic challenge, however, it is high time Nigerians started to listen to Dr. Ngozi Okonjo-Iweala, she is really an Amazon. Nigeria will flourish no matter the scheming of the enemies within. By the way, where is lettykin, Frank-C, taharqa, when you need them?



What nonsense is this baba arugbo talking? Is senility setting in already? I don't know why you TANdroids are all so routinely and shamelessly dishonest. Failure to diversify the economy, and move it away from a reliance on oil earnings, has been a constant criticism of the GEJ Government. Economic experts have always stated that the 419 'achievements' of GEJ is nothing more than dubious propaganda not seen or felt anywhere on the ground. Now the current tragic state of the Nigerian economy is proof of the total mismanagement of affairs by GEJ.

Next time kindly keep your old mouth shut instead of opening it to lie. Respect your age. GEJ has failed woefully to diversify the Nigerian economy and he has performed abjectly in relation to aiding the growth of the SME which is the lifeblood of most successful Nation's economy. When you want to lie, then try little lies first because there are too many posters here who are far more intelligent, more honest and better-read than you are.




http://www.nigeriaintel.com/2012/09/03/worries-over-greater-reliance-on-oil-neglect-of-real-sector/

Worries Over Greater Reliance on Oil, Neglect of Real Sector
Posted by Editor on September 3, 2012.
By: Moses Ebosele and Femi Adekoya.

ALTHOUGH Nigeria’s revenue from oil is still rising, some key players in the economy have expressed concern over the nation’s increased dependence on oil and called for an immediate diversification of the economy.

In their appraisal of President Goodluck Jonathan’s economic policies at the weekend, the experts claimed that nothing serious had been done to diversify the economy.

According to them, opportunities in the wider sectors of the economy, particularly agriculture, have been untapped contrary to the claims by the authorities that significant progress had been made.


http://nigeriantimes.ng/news/25-of-smes-have-failed-in-5-years-expert/


25% of SMES have failed in 5 years – Expert
July 4, 2014 1 Comment

Prof. Fidelis Oditah, Managing Director, Fidelis Oditah and Co, on Thursday said that more than 25 per cent of viable Small and Medium Enterprises (SMEs) have collapsed in the last five years.

Oditah made the assertion in an interview with the News Agency of Nigeria (NAN), on the side line of the Annual Conference of the Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN).

He said that SMEs have become victims of economic recession, poor access to funds, dearth of infrastructure and poor management framework.

According to him, the formulation of sustainable policies for SMEs’ would grow the country’s Gross Domestic Product (GDP) by 40 per cent annually.

He urged government to walk their talk by providing effective support for the SMEs, to drive the nation’s economic development.

“Small businesses mostly have been victims of economic recession and they are faced with major challenge of access to funds, dearth of infrastructure and poor management framework.

“Insolvency of these businesses due to these challenges is not because the businesses are not viable, but because there are no rescue mechanisms to rescue the failing ones.

“A business can just fail due to bankruptcy, or lack of funds while growing, so a ‘fresh start policy’ and a personal property security law should be put in place,” he said.

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Travel / Re: Shame Of A Nation!! Nigeria's Airports Amongst Worst Even In Africa. by Gbawe: 2:59pm On Nov 24
pendy79:
Cc gbawe, barcanista, obiageli, berem, ilugunboy, OrlandoOwoh, arresa, cleverly, lestylo, mrmetoo1.

This thread has been sent to travel. Won't you just love nairaland and its owner and the moderators.

Amaechi false story on paying indians was not only left on politics but sent to frontpage

Sure they will go and remove it from all newspapers too

To be honest, I am tired of the shenanigans of Seun and his partisan mods. After the elections, and especially after a GMB win, I am out of Nairaland for good as this forum is no longer what it used to be anyway. I gain nothing being a member of Nairaland today whereas I used to enjoy discussing with and learning from the likes of Katsumoto, Pukkah, Eguerilla, Kilode and many other intelligent and interesting posters who have simply left and have stayed away . There is no reason for any productive Nigerian to post here when the place has been taken over by cretins with the tacit support of those who moderate and run this forum. They do not even hide the backwardness they wish to entrench. It is the Nigerian way my brother. The more you look the less you see.

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Politics / Re: Atiku; I Won't Give Up Till I Become President by Gbawe: 2:22pm On Nov 24
cyril10:


I just wonder o, some people can be so desperate sha.



He can be as desperate as he wants. The reality is that ordinary Nigerian do not believe in Atiku. They never will especially considering what Nigeria has gone through in the 5 years under GEJ which reveals to even a child that we need an individual totally disinterested in and disconnected from the current Nigerian system of hideous greed that means eventual Aso rock occupants are usually pro-elite mercenaries interested in multi-billion business empires for themselves and their cronies rather than fighting for what will develop and elevate the masses.

People think the current popularity and desperate demonization of Buhari, by those who realise he will end 'business as usual" , is a coincidence. Big NO. Issues today are a convergence of the lessons Nigerians have learnt leading them to decide, by all means,to vote for for a man who has always shown he is on the side of the people.

In my opinion,Nigerians are not ready to tolerate another deceptive character who "had no shoes" or is only about flashing his PHD/bright ideas in their faces without the attendant history or personal character to deliver upon the numerous flowery promises. GEJ did this to now leave Nigerians a cynical people. Nigerians, whether we want to admit it or not, are now seriously attracted to Buhari's character as one of the few leaders ( alongside Balarabe Musa, Jakande,Tam David West et al) who have an abiding interest in the welfare of Nigerians and zero interest in garish materialism, private jets, mansions and Abuja multi-billion Naira property portfolio. Atiku can be desperate to be President but everything he is personally and everything Nigeria is today tells me it will not happen.

1 Like

Politics / Re: Atiku; I Won't Give Up Till I Become President by Gbawe: 1:54pm On Nov 24
Atiku, ultimately, is not a terrible choice for Nigeria because he is a deliberate and willing candidate with his own ideas and conviction unlike accidental and 'anointed' Presidents like GEJ and Yar Adua respectively. Nonetheless, he cannot win the trust and votes of Nigeria for where we are today. Nigerians have gambled on "the boy with no shoes" and lost woefully. They will not take another gamble on a man who is filthy rich and an example of Government-aided wealth in favour of a few individuals which always inversely leads to poverty for the masses.

Atiku, for example, is the owner of the Mikano group which is the biggest importer of power generating sets in Nigeria. How can such a man take a decision that will cripple/bankrupt his business yet benefit many millions of Nigerians? Can we compare Atiku to Buhari who was in much greater positions than Atiku to make himself hideously wealthy yet shunned materialism to then leave leadership as one of the poorest former President/heads of State our nation has ever had? Buhari's landlord in Abuja testified to how Buhari chose to move out and 'downsize' rather than owe rent or call on anyone to help him pay his rent despite his considerable influence which means many will be happy to pay just to keep the general in his Abuja home. Even Babangida's maid is richer than Buhari while OBJ's "son" (Andy Ubah) could probably have dashed the General the 'peanut' N27 million to buy his APC declaration form !!!!

As citizens of a very corrupt nation, full of greedy politicians ready to destroy the future of millions for their own pocket, do we truly understand that Nigerians are now aware that perhaps the best leader our nation can gain today is an individual who is only interested in the development of ordinary Nigerians and not corruption-assisted business empires, several private jets, numerous mansions worldwide, fleets of luxury cars and garish opulence when most Nigerians cannot even afford a bicycle or a shed to sleep in?

Not many will vote for Atiku. He is another candidate who will appeal to the elite and exposed minority in the Nigerian electorate yet is dead on arrival to the average folks who are the majority by far and the real kingmakers. Jonathan won in 2011 because he was perceived to be on the side of the masses because he "wore no shoes" like the average Nigerian and suffered as they did. Nothing connects Atiku with the ordinary Nigerian and he stands as a symbol of the elitist greed of a filthy-rich few that has ensured the masses are denied what is due to them year in and year out. Atiku, in my opinion, can never get the support of the average Nigerian.

1 Like

Travel / Re: Shame Of A Nation!! Nigeria's Airports Amongst Worst Even In Africa. by Gbawe: 10:53am On Nov 24
When we tell ill-expose TANdroids who have never left their villages, let alone set foot on a plane, that the 'airport achievement'of GEJ is a big ruse they will begin shouting like lunatics. Here we have conclusive proof. For those who travel frequently, they will know our airports deserve their woeful ranking in relation to others in Africa and the world. I was one of those who bitterly questioned why MMIA , of the over 30 international airports I have used, is the only one a non-refundable fee is collected from passenger for trolley usage. For god sake!!! That sort of blatantly unchecked greed and exploitation of passengers ruins the user experience for travellers - especially when coming from other airports where things work smoothly and passengers are assisted rather than harassed,robbed and exploited !!!

Three Nigerian airports, including our premier International airport, are amongst the worst ten in the entire Africa !!!! Shame on Nigeria and shame on the failed government that is 5 years old especially when 'airport reforms' were one of the touted "achievements" of this current administration !!!! This, without mincing words, is unacceptable failure. 5 years worth of failure actually. All those supporting GEJ are just enemies of Nigeria's progress and ethnocentric clowns because the man is clearly out of his depth and only capable of delivering failure everywhere.

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