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Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI - Politics - Nairaland

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Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by dre11(m): 8:55pm On Jul 10
The total revenue received by the Lagos state government in 2018 was higher than what was received by the entire south-east region.

The south-east region consists of five states namely: Abia, Anambra, Ebonyi, Enugu and Imo.

The state’s 2018 revenue was also higher than that of the northeast and north-central, which

This is contained in the Quarterly Review document of the Nigeria Extractive Industries Transparency Initiative (NEITI).

The revenue of states was calculated as the sum of the internally generated revenue (IGR) and allocations from the federation accounts allocation committee (FAAC).

The total IGR generated by states in 2018 was N1.103 trillion while the total FAAC allocations were N2.849 trillion.

Lagos state had the highest total revenue of N501.2 billion while Osun had the lowest at N33.2 billion.

“This implies that the total revenue of Lagos State was 13.9% of the combined total revenue of all states. Also, if the states with the highest and lowest revenues are compared, the revenue of Lagos State was 15 times or 1,518% of the revenue of Osun State,” the report read.

“The total revenue of Lagos State (N501.2 billion) exceeded total revenue of each of three zones: North Central (N378.7 billion), North East (N351.5 billion), and South East (N340.1 billion).

“While the total revenue received by Lagos State is higher than the total revenue of each of these zones, the total revenue of the South-South is higher than the combined total revenue of all three zones. The total revenue received by Lagos State is greater than the combined total revenues received by nine states (N449.49 billion) – Osun, Ekiti, Zamfara, Ebonyi, Gombe, Taraba, Cross River, Nasarawa, and Adamawa.”

On a zonal basis, the south-south zone recorded the highest total revenue (N1.102 trillion), followed by the south-west with N877.8 billion.

The north-west zone came in third with N546.5 billion, north-central with N378.7 billion, north-east with N351.5 billion and south-east recorded the lowest with N340.1 billion.


https://www.thecable.ng/revealed-lagos-2018-revenue-higher-than-entire-south-east-region

20 Likes 1 Share

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by foliman(m): 8:58pm On Jul 10
It's obvious...

9 Likes

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by Nbote(m): 8:58pm On Jul 10
With all d federal govt presence in d state and it being d entry point into d country it is expected

56 Likes 4 Shares

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by ijustdey: 8:28am On Jul 11
Lagos the cash crow of the Federation.....


But some people don't want to give it that credence

Lalasticlala

14 Likes

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by fergie001: 8:33am On Jul 11
ijustdey:
Lagos the cash crow of the Federation.....


But some people don't want to give it that credence

Lalasticlala
Who and who don't want to give it that credence?

Has it ever been in doubt, that Lagos "technically" asides Oil, feeds the nation?

19 Likes 1 Share

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by Igbosmoker: 10:01am On Jul 11
The only problem with this "south south" region is that they've no unity. There's no similarity in any way between urhobo and Ibibio.

Cross river and akwa ibom are south east geographically.

River and bayelsa are in southernmost part of Nigeria.

While Edo and delta are in Midwest.

Nigeria is just to messed up and confusing. Let's akwa ibom and cross river join eastern region while river and bayelsa make up lower Niger delta, then Edo and delta and part of ondo form Midwestern region.

37 Likes 3 Shares

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by Igbosmoker: 10:03am On Jul 11
ijustdey:
Lagos the cash crow of the Federation.....


But some people don't want to give it that credence

Lalasticlala
Lagos doesn't feed the nation. The "south south" does.

Have you forgotten Lagos was a capital of Nigeria for 40 years? All the infrastructure, ports, airports were concentrated on Lagos state.

91 Likes 8 Shares

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by ShitHead(m): 10:08am On Jul 11
The developments in SE in 2018 was better than Lagos.

It's not about how much, but how far.

52 Likes 2 Shares

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by chloride6: 10:08am On Jul 11
Let the fire begin in 4, 3, 2, 1 grin grin grin grin

3 Likes

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by nanauju(f): 10:08am On Jul 11
shocked
Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by LastSurvivor11: 10:08am On Jul 11
And you forgot to mention who has the highest property or businesses in the same Lagos

61 Likes 2 Shares

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by Aderewah: 10:09am On Jul 11
Lol. Let's wait for claims that igbos own 80% if lagos. Some people think it's spare parts, okrika and pirated films that make money in lagos. No. It's shipping, banking, insurance, telecommunications etc

78 Likes 5 Shares

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by dotunbidemi: 10:09am On Jul 11
What insult, Local Man Cannot laugh o grin

4 Likes

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by lomprico(m): 10:09am On Jul 11
Give SE just 'one' sea port and carry out this survey after 2yrs.

73 Likes

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by JIDECAC: 10:09am On Jul 11
+
Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by MobilityExpress: 10:09am On Jul 11
grin wawu
Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by kirkwood: 10:10am On Jul 11
Revenue from toll gates. Who wouldnt make more if you collect N300 per car for each passage. There are 5 million cars in Lagos.

4 Likes

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by Corrosiveman(m): 10:10am On Jul 11
The way Nigeria is structured it's obvious

Lagos does not belong to the Yoruba. Oba of Lagos.

4 Likes 2 Shares

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by ibrahimsalam: 10:10am On Jul 11
fergie001:

Who and who don't want to give it that credence?

Has it ever been in doubt, that Lagos "technically" asides Oil, feeds the nation?
feed the nation how?
Truth be told the south south does

18 Likes 3 Shares

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by iCauseTrouble: 10:10am On Jul 11
grin
Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by MobilityExpress: 10:11am On Jul 11
Igbosmoker:
Lagos doesn't feed the nation. The "south south" does.

Have you forgotten Lagos was a capital of Nigeria for 40 years? All the infrastructure, ports, airports were concentrated on Lagos state.


Has nothing to do with lagos being capital, has Abuja not been the capital since Babangida time? Lagos has a high taxation drive. They tax almost anything and everything. Some companies are overtaxed or incur multiple tax sef. That's why the IGR is so high. That's why many small businesses don't survive for so long.

43 Likes

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by Abkreizi: 10:11am On Jul 11
Space booking.... call me when the war has started

1 Like

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by NwaJozi: 10:11am On Jul 11
So? Is it not because The South East don’t have sea port you control all our import tax
Let all the Eastern Business start doing business at Onitsha seaport let’s see how much you make in revenue ndi ara.

6 Likes

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by Hanks0000(m): 10:11am On Jul 11
Almost like south west is the only existing part in Nigeria except for the noise makers from north...

6 Likes

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by Ultimatezlant: 10:11am On Jul 11
We won't take it, nnewi alone has the highest number of billionaires than the entire africa

16 Likes 2 Shares

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by awa(m): 10:12am On Jul 11
And still they are not doing anything with it
Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by livebyday(m): 10:12am On Jul 11
chloride6:
Let the fire begin in 4, 3, 2, 1 grin grin grin grin


, off topic and derailing thread

Mynd44 Seun lalasticlala OAM4J

1 Like 2 Shares

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by selemo: 10:12am On Jul 11
Nbote:
With all d federal govt presence in d state and it being d entry point into d country it is expected
Black man with their black senses.. Federal govt should try and open other ports and see what will happen to lagos revenue...Though this measure will reduce poverty too.. angry angry angry angry

6 Likes 2 Shares

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by Defenderalert(m): 10:12am On Jul 11
Yet they cant use part of the revenue to clear out their trash and fix their roads. I support Sanwoolu but he should get to work fast.

1 Like 1 Share

Re: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-East - NEITI by Pidginwhisper: 10:12am On Jul 11
cheesy

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