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Lagos IGR rises by N32.99bn — higher than 33 states put together - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Lagos IGR rises by N32.99bn — higher than 33 states put together (21762 Views)

NBS Releases IGR Report 2018: Lagos Higher Than 33 States / Lagos IGR Hits 103.4billion Naira In First Quarter Of 2018 / Nigeria’s Debt Rises By N7.1tn In Two Years - Minister of Finance (2) (3) (4)

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Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by Patrinus: 7:28am On Mar 19
Iyalaya anybody!

We trail blazers, they always follow our lead!

16 Likes 1 Share

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by selemo: 7:28am On Mar 19
deomelo:



I'm from Nigeria
Then why are you attacking your fellow Nigeria?
Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by oyetunder(m): 7:29am On Mar 19
Smithkafors:
Lol,just look at Africans.Instead of asking where this money has been used,they are busy insulting SE.Just read the comments above,then u will be disappointed.Hatred everywhere....
Yes. We are in this mess because our people are full of ignorance.

1 Like

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by EMMAACHILE(m): 7:29am On Mar 19
deomelo:
SW without Lagos = N72 Billion.

SE = N36 Billion

No wonder the can not stay in their poor, unproductive and economically nonviable ipob villages.

Poor ipobs...smh



grin grin


Imagine all this IGR and Lagos still looks like a big slum in many areas.
The question should not be about IGR. Is Lagos/south-west city's standard of living better than the south-south or south-east cities? I saw someone saying he and her landlady still uses Generator overnight from 7pm to 6am in Lagos and some of them are here glorifying IGR. Smh

9 Likes 1 Share

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by mistyebby(f): 7:31am On Mar 19
ITbomb:
Once we finish Ibom Seaport, everything will change

This is the only way forward for other states. Else this country will continue to be in seige and bondage.

3 Likes

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by Notatribalist(m): 7:31am On Mar 19
deomelo:
SW without Lagos = N72 Billion.

SE = N36 Billion

No wonder the can not stay in their poor, unproductive and economically nonviable ipob villages.

Poor ipobs...smh



grin grin


Tribalism has destroyed your brain. Try get some sense.

1 Like

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by civilserva: 7:31am On Mar 19
N
Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by manmoraskk: 7:32am On Mar 19
Don’t deceive yourself they want you leaving, only south south they want staying.

chiedu7:



If you are so rich why are you scared of us leaving. grin

Since we are poor let us go in peace, abi una want poor people? angry
grin

12 Likes

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by BlueRayDick: 7:32am On Mar 19
How can Lagos IGR be on the increase and we keep experiencing dearth of infrastructural development. Ikorodu road around palmgoove is bad, oyingbbo/iddo/otto portion of the road is bad, almost all the roads in Agege are bad.....etc. I believe all theses IGR only have effect on paper. It is well sha

8 Likes 1 Share

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by Afamed: 7:32am On Mar 19
AbaLion:
With an estimated value of SE lower than 360billion, LASG should be rounding off plans to buy off the entire SE as her annex by 2020. isha'llah



-Lion
You dey look for trouble this morning
Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by selemo: 7:33am On Mar 19
Smithkafors:
Lol,just look at Africans.Instead of asking where this money has been used,they are busy insulting SE.Just read the comments above,then u will be disappointed.Hatred everywhere....
That is why the black man will ever remain a sub-human being. An intermediate between animal and man. We are too hostile in nature. Thank God the white came to our rescue. I wonder how Africa would have looked like before the white came.

1 Like

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by cacnig111: 7:33am On Mar 19
Asiwaju Bola isn't a Chartered accountant ooooo. Just a BSC in accounting.

1 Like 2 Shares

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by franchasng(m): 7:34am On Mar 19
It is so shameful that Nigerian youths don't understand what IGR is and how it comes about, you think Tinubu or Fashola or Ambode manufactured the Lagos IGR from their anus ba So bad. You should be more concerned with how the huge billions of Lagos IGR is managed and what it is used to do, not celebrating the figure which comes from Federal government's policies that made Lagos + all Nigerians' + foreigners' efforts.

Lagos is the economy heart and commercial center of Nigeria. It is federal governmemt policies that made it so since 1914, not Tinubu, not Ambode, not Fashola. Divide Nigeria today and Lagos will fall back to its real value.

...and for those that find it easy to say Igbos should leave their region, you know it is not possible so long as Nigeria remains one nation. Nobody has the right to do that. You will only end up causing chaos, riots, bloodshed and maybe ethnic clash in your land. If you truly want Igbos to leave your region without fight, then work with Hausa-Fulani and grant Igbos freedom to go form their own country as they have been agitating for, and then use your new nation's policies to make it impossible for any Igbo man or woman to come to your new country to live or do business and that's the only way to achieve it not by screaming & cursing online and attacking few women & unarmed people offline, because you will end up making Yoruba land unsafe and volatile to ethnic attacks and uprising. To make Igbos leave, divide Nigeria, allow Igbos to go form their own country in peace, it is that simple...so long as Nigeria remains one, any Nigerian have the constitutional right to live anywhere he or she likes in any part of Nigeria, it is his/her constitution right, not a privilege, it is clear and simple

Now, back to Lagos IGR, Nigeria with over 180 million population depend on importation and 90% of Nigeria's importation come through Lagos seaport. Why not make Calabar and Rivers seaports 100% functional and maybe make Onitsha seaport too functional and watch out the results after 5 years

Go to Oshodi-Apapa expressway, tankers, trailers and heavy duty trucks have blocked the road, close to 5000 or more trucks park there daily waiting to load DPK, PMS, AGO or carry containers from apapa seaport and these trucks pay NGN75,000 per day to Lagos state government for parking on the road to load.


Because of the federal government policies since 1914 Lagos became Nigeria's capital, most of Nigeria's commercial activities take place in Lagos and with the Lagos seaport taking 90% or more of Nigeria's import, majority of Nigerians and foreigners reside in Lagos to ease business transaction and lower operational cost of doing business and running their companies hence the reason you have the major Nigerian markets and trade centers in Lagos; namely Alaba Intl market, Computer village market, Trade Fair & Balogun markets, Ladipo Intl spare parts market, Lagos Island market.

The IGR Lagos generates from these markets alone is enough to fund most countries in Africa.

Now you go to industries who because of the need to reduce cost of running their industries and firms, have cited their industries in Lagos since most of their raw materials and machineries will come into Nigeria through Lagos seaports and also since majority of Nigerians come to Lagos to reside to also make doing business easy for them, thereby making Lagos have overpopulation, it is normal for industries to cite their plants and offices in Lagos and neighboring Ogun state for those that couldn't secure huge land in Lagos, Ogun is closest to Lagos, so the tax levies Lagos and Ogun state generate from these industries and companies runs in billions.

Now talk about shops, commercial transport operators who also operate in Lagos due to the overpopulation in Lagos, they also pay huge tax and levies to Lagos and Ogun governments.

I personally paid nothing less than NGN150,000 this year for my Lagos offices to Lagos state revenue collectors.

So my dear Yorubas, stop being myopic and tribalistic, I am sure you all know these truths but just trying to attack Igbos with every slightest opportunity yet you same people will attack and criticize Igbos when they make move to separate from Nigeria and form their own country.

If Nigeria divides, and Calabar, Rivers and Onitsha seaports begin to function fully, believe me, the population in Lagos will reduce with time and then, you guys will understand the great role the people you hate so much played in making your region a booming economy region but for now, you guys can continue to masturbate on it, but the wise and knowledgeable ones among you know the truth and that is why they fight and condemn Igbos anytime they make move to separate from Nigeria because they know without Igbos in Nigeria, Nigeria is doomed if not, tell me why you can't let them go their way in peace

Tell me why you can't let your enemy leave you so you can have peace of mind You all know the truth but continue, it will never last forever, Nigeria sure have expiry date and when the time comes, nobody can stop it, nobody! It is not possible for Nigeria to remain one nation forever because there is no common love, no common unity, no common goal, each tribe see the other as rival and each tribe mock the other with their progress, so Nigeria can never stand as one nation for too long, the breakup time is fast approaching with the renewed envy, hatred, disunity and stupidity of the younger generation and internet/social media will help to accelerate the break up of Nigeria!

15 Likes 2 Shares

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by Jiang(m): 7:34am On Mar 19
Smithkafors:
Lol,just look at Africans.Instead of asking where this money has been used,they are busy insulting SE.Just read the comments above,then u will be disappointed.Hatred everywhere....

I know you are from the south east, But remember if this figure was the opposite, You guys won't let people rest with Igbo amaka! & calling northerners Alm#jiri next level of suffering & Yorubas Af#nja slaves, You guys started this crap & now you are changing the tune because it does not favor you?

36 Likes 3 Shares

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by Eberex(m): 7:35am On Mar 19
Let federal government open seaports in other States first of all
Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by tiredoflife(m): 7:36am On Mar 19
And the Lord their saviour gets 10% via alpha&beta grin grin cheesy
Lagos is doomed

1 Like

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by chudez0147(m): 7:36am On Mar 19
BlastAfonja:
To whom much is given much is expected. I don't know why Yorubad are celebrating this news as if its not the hard work of all Nigerians. Lagos is a no man's land so everyone contributed to the progressive positioning of the state
Bro! Do you like very chilled Origin?? If your answer is Yes, then go to Madam ibom .. I'm coming there .
Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by sonature1: 7:37am On Mar 19
Neimar:


're u from Lagos?

Every Yoruba man is from Lagos. grin
At least that's what they made us believe.

1 Like 1 Share

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by don4real18(m): 7:37am On Mar 19
bkool7:


The internally generated revenue (IGR) of Lagos state rose by approximately N33 billion from 2015 to 2016, beating 33 states put together.

According to a report by the Nigeria Extractive Industries Transparency Initiative (NEITI), the state recorded an IGR of N301.19 billion, a rise of N32.99 billion in one year.

The total IGR from 33 states of the federation, excluding Delta, Ogun and Rivers states, stood at N299 billion — over a billion less than Lagos IGR.

Delta, Ogun and Rivers raked in N44.89 billion, N56.30 billion and N82.10 billion respectively.


Like his predecessors, Bola Tinubu and Babatunde Fashola, Akinwunmi Ambode, governor of Lagos state, has at various times committed himself to the generation of IGR in the state.

The NEITI report, which reviewed disbursements from the Federation Account Allocation Committee (FAAC) for the fourth quarter of 2016, also showed that Lagos received N109 billion in 2016.

The agency lamented low revenue generation across 34 states, citing Lagos and Ogun as the only states generating more than what they get from the central.
Later, someone will be shouting about oil
Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by skales67: 7:40am On Mar 19
deomelo:
SW without Lagos = N72 Billion.

SE = N36 Billion

No wonder the can not stay in their poor, unproductive and economically nonviable ipob villages.

Poor ipobs...smh



grin grin



SE: Terrazo Roofing or aluminum roofing... Business Acumen

SW: Brown rusted zinc sheets from the 70's...Skull mining, money rituals, online begging

No wonder they call Igbo's ipobs at any slightest thing. Eating grinded yam peelings meant for goats in the SE.

Poor omoluabeasts grin grin

4 Likes 1 Share

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by natznext(m): 7:41am On Mar 19
QuotaSystem:


Interesting results...just like the elections.

The 3 Kardashians alone (Kano, Kaduna, Katsina) generated N38 Billion...
...while the entire 5 South East states could only generate N36billion cry


In fact the entire North West (so called poverty headquarters wink) generated more wealth internally than the chestbeating region by N12 billion (NW - N48b vs SE - N36b). This is internally generated o, not government oil money allocations.
Did someone say PARASITE?

I'm particularly impressed with Sokoto's over 100% improvement shocked from about N2billion 3 years ago when it was dragging with Ebonyi to over N5 billion in 2019; Tambuwal's focus on SME's is surely yielding fruits. Sokoto is already exporting Kilishi and set to start shipping Neem oil to Europe this year. Now same Ebonyi is struggling to catch Zamfara (statistically the poorest state when population is factored) who beat Ebonyi in internal wealth generation for the 1st time shocked shocked.


Very insightful thread. Wind don blow fowl xxxxx grin

Cc: Lalasticlala, Seun, Mynd44

Now this is some bitter truth that most people don't want to hear...

All our Stage Govts are underperforming especially the SS n SE

5 Likes 1 Share

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by chiedu7: 7:42am On Mar 19
manmoraskk:

Don’t deceive yourself they want you leaving, only south south they want staying.

I guess u dont know what Biafra is.

3 Likes

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by BlastAfonja: 7:42am On Mar 19
chudez0147:

Bro! Do you like very chilled Origin?? If your answer is Yes, then go to Madam ibom .. I'm coming there .
I dey go there now grin
Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by Badb0y4lyf(m): 7:44am On Mar 19
Half of it belOngs to tinubu lagos should ought to be the largest city in Africa but we are contempt with the crumbs tinubu is sharing and he eating the whole cake

2 Likes

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by capitalzero: 7:44am On Mar 19
franchasng:
It is so shameful that Nigerian youths don't understand what IGR is and how it comes about, so bad.

Lagos is the economy heart and commercial center of Nigeria. It is federal governmemt policies that made it so since 1914, not Tinubu, not Ambode, not Fashola. Divide Nigeria today and Lagos will fall back to its real value.

Nigeria with over 180 million population depend on importation and 90% of Nigeria's importation come through Lagos seaport. Why not make Calabar and Rivers seaports 100% functional and maybe make Onitsha seaport too functional and watch out the results after 5 years

Go to Oshodi-Apapa expressway, tankers, trailers and heavy duty trucks have blocked the road, close to 5000 or more trucks park there daily waiting to load DPK, PMS, AGO or carry containers from apapa seaport and these trucks pay NGN75,000 per day to Lagos state government for parking on the road to load.


Because of the federal government policies since 1914 Lagos became Nigeria's capital, most of Nigeria's commercial activities take place in Lagos and with the Lagos seaport taking 90% or more of Nigeria's import, majority of Nigerians and foreigners reside in Lagos to ease business transaction and lower operational cost of doing business and running their companies hence the reason you have the major Nigerian markets and trade centers in Lagos; namely Alaba Intl market, Computer village market, Trade Fair & Balogun markets, Ladipo Intl spare parts market, Lagos Island market.

The IGR Lagos generates from these markets alone is enough to fund most countries in Africa.

Now you go to industries who because of the need to reduce cost of running their industries and firms, have cited their industries in Lagos since most of their raw materials and machineries will come into Nigeria through Lagos seaports and also since majority of Nigerians come to Lagos to reside to also make doing business easy for them, thereby making Lagos have overpopulation, it is normal for industries to cite their plants and offices in Lagos and neighboring Ogun state for those that couldn't secure huge land in Lagos, Ogun is closest to Lagos, so the tax levies Lagos and Ogun state generate from these industries and companies runs in billions.

Now talk about shops, commercial transport operators who also operate in Lagos due to the overpopulation in Lagos, they also pay huge tax and levies to Lagos and Ogun governments.

I personally paid nothing less than NGN150,000 this year for my Lagos offices to Lagos state revenue collectors.

So my dear Yorubas, stop being myopic and tribalistic, I am sure you all know these truths but just trying to attack Igbos with every slightest opportunity yet you same people will attack and criticize Igbos when they make move to separate from Nigeria and form their own country.

If Nigeria divides, and Calabar, Rivers and Onitsha seaports begin to function fully, believe me, the population in Lagos will reduce with time and then, you guys will understand the great role the people you hate so much played in making your region a booming economy region but for now, you guys can continue to masturbate on it, but the wise and knowledgeable ones among you know the truth and that is why they fight and condemn Igbos anytime they make move to separate from Nigeria because they know without Igbos in Nigeria, Nigeria is doomed if not, tell me why you can't let them go their way in peace

Tell me why you can't let your enemy leave you so you can't have peace of mind You all know the truth but continue, it will never last forever, Nigeria sure have expiry date and when the time comes, nobody can stop it, nobody! It is not possible for Nigeria to remain one nation forever because there is no common love, no common unity, no common goal, each tribe see the other as rival and each tribe mock the other with their progress, so Nigeria can never stand as one nation for too long, the breakup time is fast approaching with the renewed envy, hatred, disunity and stupidity of the younger generation and internet/social media will help to accelerate the break up of Nigeria!

best comment so far. with lagos igr, lagos economy is not being managed properly. most of tinubu men are financial gurus, they know how to generate funds but management is a problem. lagos is a slum. if you resides in lagos, your life expectancy has reduced by 20%

3 Likes 1 Share

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by kemicalreaction(m): 7:45am On Mar 19
ezenwajosh:
Open just ordinary dry port in south east or south south... Lagos IGR will drop.... We know those making it possible
You're dumb. The revenue from the Lagos seaport goes to the FG. kiss

6 Likes

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by Gforce2019: 7:45am On Mar 19
ITbomb:
Once we finish Ibom Seaport, everything will change

Two alomo for you for your comments...

this is one the State that are making efforts in surpassing what federal government has made Lagos to be....
Unlike some yamiri ipob piglets, who are troublesome settlers, who are bent on causing crisis for the indigenes of Lagos...

What the lagosian are saying is simple; go back to your State and create your own Lagos where you will have greater control over all affairs of your State.
But for Lagos, irrespective of the year you have spent in Lagos, you are still counted as a settlers....

3 Likes

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by Quorax: 7:46am On Mar 19
Konquest:


^^^^^^^
^^^^^^^
Great! grin

I have always trusted the Lagos Financial Management Team from
Asiwaju Bola Ahmed Adekunle Tinubu who is an astute chartered accountant
to Babatunde Fasola and now Akinwunmi Ambode another chartered
accountant and administrator.


=====> https://www.thecable.ng/lagos-igr-rises-n32-99bn-higher-33-states-put-together/amp?fbclid=IwAR0g5IaGPocHXlXS4490jBDZXRjLb0MsFexbVbwNHy-rZgdhFrb7rkjcjUE


Lagos is definitely in SAFE HANDS with Governor elect, Babajide Sanwo-Olu
and his deputy on the way to making the state the 3rd largest economy
in Africa fro the 5th position she occupies right now.

Ogun and Oyo States need to take advantage of the closeness to Lagos
to rev up their own IGR as well.


Ipinle Eko o ni baje! grin




And Lagos is still not equal to the money generated? Jokers.

Tinubu will definitely lose his grip at the appointed time.
Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by selemo: 7:48am On Mar 19
fretnot:
[color=#990000][/color]Must we bring tribalism into everything? Must we be abusive at all times?
That is black man for you.
Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by EvilMetahuman: 7:49am On Mar 19
ezenwajosh:
Open just ordinary dry port in south east or south south... Lagos IGR will drop.... We know those making it possible
how many ports are in the north west that is shitting all over south east?
are there no ports in south south.



parasites always have excuse to leech..

14 Likes

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by selemo: 7:50am On Mar 19
justjify:


The hatread and division is glaring. Smh
It is not hatred, it is a black man genetic problem.

3 Likes

Re: Lagos IGR rises by N32.99bn — higher than 33 states put together by BoboKush(m): 7:51am On Mar 19
olas24u:
The internally generated revenue (IGR) of Lagos state rose by approximately N33 billion from 2015 to 2016, beating 33 states put together.

According to a report by the Nigeria Extractive Industries Transparency Initiative (NEITI), the state recorded an IGR of N301.19 billion, a rise of N32.99 billion in one year.

The total IGR from 33 states of the federation, excluding Delta, Ogun and Rivers states, stood at N299 billion — over a billion less than Lagos IGR.

Delta, Ogun and Rivers raked in N44.89 billion, N56.30 billion and N82.10 billion respectively.

Like his predecessors, Bola Tinubu and Babatunde Fashola, Akinwunmi Ambode, governor of Lagos state, has at various times committed himself to the generation of IGR in the state.

The NEITI report, which reviewed disbursements from the Federation Account Allocation Committee (FAAC) for the fourth quarter of 2016, also showed that Lagos received N109 billion in 2016.

The agency lamented low revenue generation across 34 states, citing Lagos and Ogun as the only states generating more than what they get from the central.

“IGR is very low in most states and it is only in two states – Lagos and Ogun – that IGR is higher than FAAC allocations. The figure shows that total revenue by itself cannot fund states budgets,” it said.

NEITI said the three tiers of government shared N5.121 trillion through 2016 — a decline from 2015 figures.

“Total disbursements fell by 14.8% from N6.011 trillion for the year 2015 to N5.121 trillion for the 2016. In Q1 2016, total disbursements were N1.132 trillion as against N1.648 trillion in Q1 2015, a decline of 31.2% in Q1 2016,” NEITI said.

“Total disbursements fell by 26.9% from N1.241 trillion in Q2 2015 to N906 billion in Q2 2016. There was a further decline in Q3 when total disbursements dropped by 7.8% from N1.887 trillion in 2015 to N1.738 trillion 2016.

“However, total disbursements increased in Q4 by 8.8% from N1.233 trillion in 2015 to N1.343 trillion in 2016.”

The report revealed that “the federal government received a total of N2.08 trillion from the federation account in 2016, which represents a drop of 19.9% of the total N2.6 trillion received in 2015.”

The 2016 budget was for N6.06 trillion, implying that at N2.08 trillion, total FAAC disbursements were only 34.3 percent of the budget.

“Thus, the federal government would have to resort to even higher debts to fund the budget. The implication of this is that debt service payments, which accounted for 24.3% of the 2016 budget, would increase.”

https://www.thecable.ng/lagos-igr-rises-n32-99bn-higher-33-states-put-together/amp?fbclid=IwAR0g5IaGPocHXlXS4490jBDZXRjLb0MsFexbVbwNHy-rZgdhFrb7rkjcjUE

I'm a proud Afonja... U mean our Eko... Lagos IGR pass revenue generated from south south and south east even some part of the north together..... Lagos is a country walai.... Children of hate wont like this

5 Likes 1 Share

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