ariesbull:


When the IGR data was released for the year 2017, it told a sad story for the 5 Igbo States namely Enugu. Anambra, Imo, Ebonyi and Abia.

None of these states can survive by what the generates as revenue without federal allocation. What it means is that these 5 south eastern states are poor and financially insecure. This is very dangerous. The danger is without federal allocation these 5 south eastern states will not be able to pay salaries or keep the states running. This may result to high borrowing without proper payback financial plan which may further worsen the situation.https://etimes.com.ng/2017-internally-generated-revenue-igr-and-the-poor-5-igbo-states/

For instance, Cross River State generates more money than Anambra State, and Ogun State generates more money than the entire 5 south eastern states put together last year.

Last year, Anambra State passed the 2017 Appropriation Bill of N115.5 billion, but generated N17.3 billion as Internal Generated Revenue. The danger is that Anambra State spent 6.6 times higher than what the state generated last year. Another danger is when the "free" federal allocation does not pass through a productive channel, it exacerbates inflation. For instance, salaries shouldn't be paid directly with federal allocation. It should be paid from the state "federal allocation" investment proceeds, but this is not the case. I am using Anambra State as a model.

It would have been better if it was the other way round. That is to say Anambra State generates N150 billion as IGR, and gets N10 billion as federal allocation.

Last year, Abia State passed the 2017 Appropriation Bill of N102.5 billion, but generated N14.9 billion as Internally Generated Revenue.

Enugu State passed the 2017 Appropriation Bill of N105.7 billion, but generated N22 billion as Internally Generated Revenue.https://etimes.com.ng/2017-internally-generated-revenue-igr-and-the-poor-5-igbo-states/

Imo State passed the 2017 Appropriation Bill of N131 billion, but generated N6.8 billion as Internally Generated Revenue.

Ebonyi State passed the 2017 Appropriation Bill of N127.2 billion, but generated N5.1 billion as Internally Generated Revenue.

Is it that the eastern government has inefficient tax regime? Is the IGR a reflection of the southeastern states' economy? How can the southeastern states become economically viable to the extent of not depending on the federal allocation?

2017 IGR for the selected States below:
(ENUGU - N22,039,222,902.86)
(ANAMBRA - N17,365,385,830.51)
(IMO - N6,850,796,866.07)
(EBONYI - N5,102,902,366.82)
(ABIA - N14,917,141,805.80)

*(OGUN - N74,835,979,000.51) higher than all 5 south eastern states IGR put together.
*(CROSS RIVER N18,104,562,225.62) higher than Anambra State.https://etimes.com.ng/2017-internally-generated-revenue-igr-and-the-poor-5-igbo-states/

Gloria Akamba

Data source: National Bureau of Statistics (NBS)

Putinofrussia:


If Biafra comes,everything will come into place in the land of the rising sun.OP is a. bigot.

Putinofrussia:


If Biafra comes,everything will come into place in the land of the rising sun.OP is a. bigot.

ibotic:


This is the problem that I have with my fellow flat.heads...
on the one hand, we claim we are marginalized...
on the other hand, we claim we are the most developed...
When economic figures are released...
we claim they are lies.
See the OP who is a serious pro-Igbo member of this forum
he is now being called a bigot for saying the truth about our land
Why can't we be honest and seek proper development...
rather than lie to cover our shame
Chukwu Okike Abiama o

muykem:
Ogun is taking advantage of it's proximity to Lagos.

ibotic:


This is the problem that I have with my fellow flat.heads...
on the one hand, we claim we are marginalized...
on the other hand, we claim we are the most developed...
When economic figures are released...
we claim they are lies.
See the OP who is a serious pro-Igbo member of this forum
he is now being called a bigot for saying the truth about our land
Why can't we be honest and seek proper development...
rather than lie to cover our shame
Chukwu Okike Abiama o

ariesbull:


Tomorrow they want to tell me about biafra when they can't even generate sufficient revenue to run their economy....I am Igbo and I stand to be corrected. If biafra comes like this...we would be living like other African countries on hand outs from the West in form of Aid , grants and other intervention projects


If biafra would make us live like this....fūck biafra and let the Eastern Governors put their ass in order and shore up revenue


We have bunch of clowns as governors in the East

Can they push this to from page

Putinofrussia:


If Biafra comes,everything will come into place in the land of the rising sun.OP is a. bigot.

ariesbull:


Tomorrow they want to tell me about biafra when they can't even generate sufficient revenue to run their economy....I am Igbo and I stand to be corrected. If biafra comes like this...we would be living like other African countries on hand outs from the West in form of Aid , grants and other intervention projects


If biafra would make us live like this....fūck biafra and let the Eastern Governors put their ass in order and shore up revenue


We have bunch of clowns as governors in the East

Can they push this to from page

Qiiiii:



You're waiting for Biafuro to come before you generate IGR? That's your new excuse?

gidgiddy:


Stop talking like an ignorant person. Theres a big difference between IGR and GDP.

Assuming that the these 5 states were to become Biafra tomorow

Abia state as an Oil producing state would control its oil
Imo as sn Oil producing state would control its oil fields
Anambra would control its 2 trillion cubic of gas as well as its Oil fields in Aynamelum, Ogbaru and Otu-Ocha
Ebonyi would control its huge solid mineral deposits such as Gympsum, Limestone, Phosphates etc
And Enugu would control its Coal and Oil (Enugu is one of the few places on Earth where Oil and Coal sit side by side

The potential of these states are huge if they were independent ,however, they do not control their resources. The federal government takes more out of them than it gives.

gidgiddy:


Stop talking like an ignorant person. Theres a big difference between IGR and GDP.

Assuming that the these 5 states were to become Biafra tomorow

Abia state as an Oil producing state would control its oil
Imo as sn Oil producing state would control its oil fields
Anambra would control its 2 trillion cubic of gas as well as its Oil fields in Aynamelum, Ogbaru and Otu-Ocha
Ebonyi would control its huge solid mineral deposits such as Gympsum, Limestone, Phosphates etc
And Enugu would control its Coal and Oil (Enugu is one of the few places on Earth where Oil and Coal sit side by side

The potential of these states are huge if they were independent ,however, they do not control their resources. The federal government takes more out of them than it gives.

horsepower101:
What's the point of having high IGR yet in so much debt?

What the point of having high IGR but civil servants and pensioners are still being owed salaries?

What's the point of high IGR but the nutritional level of the school children is leading to stunted growth?

What is the point of high IGR yet the roads and basic public utilities are not built or well maintained?

What is the point of High IGR yet there is trash everywhere on the street corner?

and so on.

To whom much is given, much is expected..

Africonji:


I think you are missing the point. I don't care how much debt afonja amass, or how stunted and malnourished they are. If they like they should borrow from here to London. My concern is the self-reliance of Igboland. We have no right to demand so much from our governors if we are not paying our dues. Do you not see the brain drain happening in Igboland? Why must our graduates travel out to find work? A lot of our young men that don't want to own a shop in Onitsha and Aba have to leave the region. This nonsense must end. We must industrialise and keep our best brains in igboland. Right now all of South East is dependent on Oil money allocation and that is not good. How much is the allocation even? It is peanuts compared to what we really need to grow Igboland. Nigeria will break one day, we must start to prepare right now. Industrialisation is the way forward. I am done here.

Africonji:


You are being myopic. Let us forget this Oil and minerals for a minute and focus on how to industrialise igboland, I am telling you that this is the only solution. What if we don't get our independence anytime soon? Must we then continue to depend on allocation from Abuja because we don't yet control our resources? Look at Rivers and Delta, they don't control their resources but they have high igr because of the multinational companies there (industries) that pay high taxes. Just the same way Ogun state is enjoying high igr because of the heavy industries there and those industries employ a lot of people who pay taxes every month and the government of the state collects it that is why their igr is high. These states are not 'independent', but they are already enjoying high igr because they have heavy industries in their environment. Even Kano and Kaduna also starting to show signs of high igr because they are collecting more tax than before. Let us not deceive ourselves, we must industrialize and make money from tax or else we are just kidding ourselves. Most governments in the world don't joke with tax so why must our own be different? In the U.S, you can go to jail for evading tax no matter who you are or how highly placed you are.

gidgiddy:


The high IGR is as a result of the huge investments in Oil and Gas that already exists in Delta and Rivers. But despite the large IGR, Rivers and Delta have little to show for it because of the 'Nigerian factor'

The point to be made here is that Igbo land cannot achieve its full potential as long as it is in Nigeria.

My village in Anambra lost out of an investment worth millions of Euros from a German water bottling company that they were considering to build a new plant in my town. The Germans were already agitated because of Boko Haram in Nigeria but the herdsmen killings earliermade them pullout, just because we are part of Nigeria. Something similar happend with a Chinese company last year.

There are many international investors shying away from Nigeria due to sectarian violence. How can we industrialise when we dont have autonomy, control of our resources or even stable power?

Nigeria is bad for business and we should be talking about our independence.

ariesbull:


Tomorrow they want to tell me about biafra when they can't even generate sufficient revenue to run their economy....I am Igbo and I stand to be corrected. If biafra comes like this...we would be living like other African countries on hand outs from the West in form of Aid , grants and other intervention projects


If biafra would make us live like this....fūck biafra and let the Eastern Governors put their ass in order and shore up revenue


We have bunch of clowns as governors in the East

Can they push this to from page

ariesbull:


When the IGR data was released for the year 2017, it told a sad story for the 5 Igbo States namely Enugu. Anambra, Imo, Ebonyi and Abia.

None of these states can survive by what the generates as revenue without federal allocation. What it means is that these 5 south eastern states are poor and financially insecure. This is very dangerous. The danger is without federal allocation these 5 south eastern states will not be able to pay salaries or keep the states running. This may result to high borrowing without proper payback financial plan which may further worsen the situation.https://etimes.com.ng/2017-internally-generated-revenue-igr-and-the-poor-5-igbo-states/

For instance, Cross River State generates more money than Anambra State, and Ogun State generates more money than the entire 5 south eastern states put together last year.

Last year, Anambra State passed the 2017 Appropriation Bill of N115.5 billion, but generated N17.3 billion as Internal Generated Revenue. The danger is that Anambra State spent 6.6 times higher than what the state generated last year. Another danger is when the "free" federal allocation does not pass through a productive channel, it exacerbates inflation. For instance, salaries shouldn't be paid directly with federal allocation. It should be paid from the state "federal allocation" investment proceeds, but this is not the case. I am using Anambra State as a model.

It would have been better if it was the other way round. That is to say Anambra State generates N150 billion as IGR, and gets N10 billion as federal allocation.

Last year, Abia State passed the 2017 Appropriation Bill of N102.5 billion, but generated N14.9 billion as Internally Generated Revenue.

Enugu State passed the 2017 Appropriation Bill of N105.7 billion, but generated N22 billion as Internally Generated Revenue.https://etimes.com.ng/2017-internally-generated-revenue-igr-and-the-poor-5-igbo-states/

Imo State passed the 2017 Appropriation Bill of N131 billion, but generated N6.8 billion as Internally Generated Revenue.

Ebonyi State passed the 2017 Appropriation Bill of N127.2 billion, but generated N5.1 billion as Internally Generated Revenue.

Is it that the eastern government has inefficient tax regime? Is the IGR a reflection of the southeastern states' economy? How can the southeastern states become economically viable to the extent of not depending on the federal allocation?

2017 IGR for the selected States below:
(ENUGU - N22,039,222,902.86)
(ANAMBRA - N17,365,385,830.51)
(IMO - N6,850,796,866.07)
(EBONYI - N5,102,902,366.82)
(ABIA - N14,917,141,805.80)

*(OGUN - N74,835,979,000.51) higher than all 5 south eastern states IGR put together.
*(CROSS RIVER N18,104,562,225.62) higher than Anambra State.https://etimes.com.ng/2017-internally-generated-revenue-igr-and-the-poor-5-igbo-states/

Gloria Akamba

Data source: National Bureau of Statistics (NBS)

ariesbull:


When the IGR data was released for the year 2017, it told a sad story for the 5 Igbo States namely Enugu. Anambra, Imo, Ebonyi and Abia.

None of these states can survive by what the generates as revenue without federal allocation. What it means is that these 5 south eastern states are poor and financially insecure. This is very dangerous. The danger is without federal allocation these 5 south eastern states will not be able to pay salaries or keep the states running. This may result to high borrowing without proper payback financial plan which may further worsen the situation.https://etimes.com.ng/2017-internally-generated-revenue-igr-and-the-poor-5-igbo-states/

For instance, Cross River State generates more money than Anambra State, and Ogun State generates more money than the entire 5 south eastern states put together last year.

Last year, Anambra State passed the 2017 Appropriation Bill of N115.5 billion, but generated N17.3 billion as Internal Generated Revenue. The danger is that Anambra State spent 6.6 times higher than what the state generated last year. Another danger is when the "free" federal allocation does not pass through a productive channel, it exacerbates inflation. For instance, salaries shouldn't be paid directly with federal allocation. It should be paid from the state "federal allocation" investment proceeds, but this is not the case. I am using Anambra State as a model.

It would have been better if it was the other way round. That is to say Anambra State generates N150 billion as IGR, and gets N10 billion as federal allocation.

Last year, Abia State passed the 2017 Appropriation Bill of N102.5 billion, but generated N14.9 billion as Internally Generated Revenue.

Enugu State passed the 2017 Appropriation Bill of N105.7 billion, but generated N22 billion as Internally Generated Revenue.https://etimes.com.ng/2017-internally-generated-revenue-igr-and-the-poor-5-igbo-states/

Imo State passed the 2017 Appropriation Bill of N131 billion, but generated N6.8 billion as Internally Generated Revenue.

Ebonyi State passed the 2017 Appropriation Bill of N127.2 billion, but generated N5.1 billion as Internally Generated Revenue.

Is it that the eastern government has inefficient tax regime? Is the IGR a reflection of the southeastern states' economy? How can the southeastern states become economically viable to the extent of not depending on the federal allocation?

2017 IGR for the selected States below:
(ENUGU - N22,039,222,902.86)
(ANAMBRA - N17,365,385,830.51)
(IMO - N6,850,796,866.07)
(EBONYI - N5,102,902,366.82)
(ABIA - N14,917,141,805.80)

*(OGUN - N74,835,979,000.51) higher than all 5 south eastern states IGR put together.
*(CROSS RIVER N18,104,562,225.62) higher than Anambra State.https://etimes.com.ng/2017-internally-generated-revenue-igr-and-the-poor-5-igbo-states/

Gloria Akamba

Data source: National Bureau of Statistics (NBS)

gidgiddy:


Stop talking like an ignorant person. Theres a big difference between IGR and GDP.

Assuming that the these 5 states were to become Biafra tomorow

Abia state as an Oil producing state would control its oil
Imo as sn Oil producing state would control its oil fields
Anambra would control its 2 trillion cubic of gas as well as its Oil fields in Aynamelum, Ogbaru and Otu-Ocha
Ebonyi would control its huge solid mineral deposits such as Gympsum, Limestone, Phosphates etc
And Enugu would control its Coal and Oil (Enugu is one of the few places on Earth where Oil and Coal sit side by side

The potential of these states are huge if they were independent ,however, they do not control their resources. The federal government takes more out of them than it gives.