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Insolvency: BudgIT Apologises To Lagos State Government - Politics - Nairaland

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Insolvency: BudgIT Apologises To Lagos State Government by naptu2: 7:45pm On Sep 27, 2020
BudgIT Nigeria @BudgITng

BUDGIT APOLOGISES TO LAGOS STATE GOVERNMENT

BudgIT’s State of States report is a snapshot of the fiscal health of all 36 States in the country and it uses four metrics or stress tests to provide a fair overall Fiscal Sustainability Ranking of all the states.

Thread!



A previous graphic on the ability of states to meet their recurrent expenditure is hereby retracted.

According to Mr. Gabriel Okeowo, BudgIT’s CEO and Principal Lead, “No single metric, when isolated, provides a fair assessment of any state; and none of the tests we used evaluates state’s fiscals for insolvency.”

We are compelled to also use this medium to tender our unreserved apologies to @followlasg for the misrepresentation that has trailed Lagos State in the report.

Indeed, @followlasg cannot be included in the category of States with a recurrent deficit; thus, not borrowing to pay salaries.

Our metrics focused on NET FAAC and IGR as published by the National Bureau of Statistics due to the disparate nature of revenue framework among Nigerian states.

We also apologise for including a special debt financing program as part of the recurrent expenditure which might be a total representation of its finances.

We affirm that Lagos State remains way ahead of many of its peers in terms of fiscal health and the capacity to generate revenue internally; and it also has the least dependency on federally collected revenue distributed through FAAC allocations.



We regret this inconvenience; hence, the previous design is hereby retracted and a review has been commissioned by our research team.

https://twitter.com/BudgITng/status/1310268913767284738

6 Likes 3 Shares

Re: Insolvency: BudgIT Apologises To Lagos State Government by daddytime(m): 7:46pm On Sep 27, 2020
I was truly shocked at the report on Lagos' finances.

I been want say make dem help me search Tinubu bullion van pocket.

But me and Budgit still know say some change remain for BAT back pocket sha

32 Likes 1 Share

Re: Insolvency: BudgIT Apologises To Lagos State Government by tunene66: 7:46pm On Sep 27, 2020
Thanks to BudgIT for the clarification

2 Likes 2 Shares

Re: Insolvency: BudgIT Apologises To Lagos State Government by SpecialAdviser(m): 7:47pm On Sep 27, 2020
T
Re: Insolvency: BudgIT Apologises To Lagos State Government by ERockson: 7:48pm On Sep 27, 2020
Will the IPob protest this because I saw them jubilating that Lagos is bankrupt

21 Likes 3 Shares

Re: Insolvency: BudgIT Apologises To Lagos State Government by HisSexcellency(m): 7:49pm On Sep 27, 2020
No trust worthy source in this country anymore, you have to take every news these days with a pinch of salt. undecided

28 Likes 1 Share

Re: Insolvency: BudgIT Apologises To Lagos State Government by Enudapan: 7:54pm On Sep 27, 2020
Nah eh! No qualms

1 Like

Re: Insolvency: BudgIT Apologises To Lagos State Government by Anambra1stS0n: 7:54pm On Sep 27, 2020
Ndi ara they keep deceiving themselves

7 Likes

Re: Insolvency: BudgIT Apologises To Lagos State Government by Carthman(m): 7:54pm On Sep 27, 2020
sad
Re: Insolvency: BudgIT Apologises To Lagos State Government by EdmundChidera(m): 7:54pm On Sep 27, 2020
can we talk about this later, Nigerians wants to celebrate Laycoon tonight cheesy

3 Likes 2 Shares

Re: Insolvency: BudgIT Apologises To Lagos State Government by Hoojay(f): 7:54pm On Sep 27, 2020
Oshey!
Re: Insolvency: BudgIT Apologises To Lagos State Government by Afamed: 7:54pm On Sep 27, 2020
Do not come here to wail. This is not a thread to wail

4 Likes 1 Share

Re: Insolvency: BudgIT Apologises To Lagos State Government by Juliusmalema: 7:54pm On Sep 27, 2020
Lol


No matter how they put it. I am well represented.
Re: Insolvency: BudgIT Apologises To Lagos State Government by solmus: 7:54pm On Sep 27, 2020
angry




When will someone get punished for mass misinformation



.

12 Likes

Re: Insolvency: BudgIT Apologises To Lagos State Government by Calabar1stSon: 7:54pm On Sep 27, 2020
They've been threatened!

My State(Cross River) that borrows to pay appointees salary and owe civil servants salary don turn to state wey dey do well! Make una continue oh!


I had to quit my job because Ayade owe me sotey my life bend! Suffering for other people's(gullible masses) greed!


That's why I always encourage the youths to vote wisely because I've had first hand experience of what bad leadership is!

Have this at the back of you mind; All those who supports a particular government, do so because of what they gain from it.

I've always been an advocate of good leadership! That's why I keep criticizing when a particular government is under performing!

24 Likes

Re: Insolvency: BudgIT Apologises To Lagos State Government by Charmingrascal(m): 7:55pm On Sep 27, 2020
We told them they didn't listen.
Lagos can't be there!

13 Likes 5 Shares

Re: Insolvency: BudgIT Apologises To Lagos State Government by Golan007: 7:55pm On Sep 27, 2020
There's one guy in particular this piece of news would give stomach ache.

Long may it continue.

3 Likes 1 Share

Re: Insolvency: BudgIT Apologises To Lagos State Government by nairaman66(m): 7:55pm On Sep 27, 2020
Great journalism. When you make mistakes, you apologize immediately. Good move

3 Likes 1 Share

Re: Insolvency: BudgIT Apologises To Lagos State Government by Emilo14: 7:55pm On Sep 27, 2020
Abeg wu con win bbn

2 Likes

Re: Insolvency: BudgIT Apologises To Lagos State Government by Franchise21(m): 7:55pm On Sep 27, 2020
OK
Re: Insolvency: BudgIT Apologises To Lagos State Government by AngryIgboDon: 7:55pm On Sep 27, 2020
Lol.....80% of Yoruba states are insolvent and seriously in debt.

So much for propaganda.


Ndi Accomodators.

17 Likes

Re: Insolvency: BudgIT Apologises To Lagos State Government by SilverNorGold(m): 7:55pm On Sep 27, 2020
Apologies accepted.

No one is perfect.

God bless Nigeria

2 Likes 1 Share

Re: Insolvency: BudgIT Apologises To Lagos State Government by Golan007: 7:55pm On Sep 27, 2020
Where's that fool?
Re: Insolvency: BudgIT Apologises To Lagos State Government by Afamed: 7:55pm On Sep 27, 2020
Golan007:
There's one guy in particular this piece of news would give stomach ache.

Long may it continue.
Not one guy, there are plenty of them. They have been Wailing since time immemorial

8 Likes 1 Share

Re: Insolvency: BudgIT Apologises To Lagos State Government by NGpatriot: 7:55pm On Sep 27, 2020
I'd understand if such mistake was made regarding other states, not Lagos state regardless of any measure or metric used, that was a dubious, intentional or juts amature error.

The media landscape in Nigeria is just too fake, dubious and deceptive and it's getting worse.

2 Likes 2 Shares

Re: Insolvency: BudgIT Apologises To Lagos State Government by Kobicove(m): 7:56pm On Sep 27, 2020
This is a very expensive mistake undecided

4 Likes 1 Share

Re: Insolvency: BudgIT Apologises To Lagos State Government by Anambra1stS0n: 7:56pm On Sep 27, 2020
See how they where quick to move it to front page

4 Likes

Re: Insolvency: BudgIT Apologises To Lagos State Government by jospepper(m): 7:56pm On Sep 27, 2020
Lagos State government right now

3 Likes 1 Share

Re: Insolvency: BudgIT Apologises To Lagos State Government by OtemAtum: 7:56pm On Sep 27, 2020
Hope money hasn't changed hands sha.

1 Like

Re: Insolvency: BudgIT Apologises To Lagos State Government by Gr8Hamlaw(m): 7:57pm On Sep 27, 2020
OK
Re: Insolvency: BudgIT Apologises To Lagos State Government by IamWonderful: 7:57pm On Sep 27, 2020
We know it, the work of poverty capital of the south, Baby factory ritualism section

5 Likes 2 Shares

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