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Nairaland Forum / Nairaland / General / Politics / States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years (13137 Views)
Only 3 States Generate IGR More Than Allocation From FAAC — Dr Ayawei / A Bill To Allow States Generate Electricity Passed By House Of Representatives / Ondo Records Fastest IGR Growth As Nigerian States Generate N1.1tn In 2018 (2) (3) (4)
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States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by TheRareGem1(f): 6:09am On Sep 10, 2021 |
The 36 states in Nigeria earned N5.30tn as internally generated revenue from 2016 to 2020. The states got N10.19tn from the Federation Accounts Allocation Committee within the time under review and borrowed N1.84tn from domestic sources. https://punchng.com/states-generate-n5-30tn-get-n10-19tn-borrow-n1-84tn-in-five-years/?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1631244954
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Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by TheRareGem1(f): 6:14am On Sep 10, 2021 |
We need to open our eyes as indigens of our respective states to make sure we hold our governors responsible and accountable, but sadly, our eyes are always on FG while state governors are stylishly mortgaging the incoming generations 67 Likes 3 Shares |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by michlins(m): 6:20am On Sep 10, 2021 |
When they talk about vat, someone from Enugu and Abakaliki will be joining Lagos State to shout fiscal federalism forgetting that his state is on same level as Yobe state in terms of IGR. Truth is that aside from Lagos and about two or more states, others depend on the federal government to pay ordinary salaries. That's how terrible it is 39 Likes |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by kinzation(m): 6:24am On Sep 10, 2021 |
Facts and figures So weytin be the koko now 1 Like |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by TheRareGem1(f): 6:30am On Sep 10, 2021 |
kinzation: We need to be serious and old our governors responsible and accountable. 11 Likes |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Truthissupreme: 6:33am On Sep 10, 2021 |
TheRareGem1:we need restructuring where every state control its own VAT and resources That way there would be no hiding, every state would sit up and stop laziness 53 Likes 3 Shares |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by blackpanda: 6:37am On Sep 10, 2021 |
Those foolish chest beaters won't like this. They prefer the false narrative that north depends on south. The truth is 90% of southern states generate nothing! I just de laff. Keep clapping for d vat judgment. Na una go cry blood 3 Likes 1 Share |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by blackpanda: 6:38am On Sep 10, 2021 |
Truthissupreme: But u just read that apart from Lagos and ogun, the other states aren't generating anything. 3 Likes 1 Share |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by olabukola: 6:40am On Sep 10, 2021 |
blackpanda:If this is the reality, let the north champion restructuring since the south is leaching on them. 57 Likes 3 Shares |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Truthissupreme: 6:42am On Sep 10, 2021 |
blackpanda:That is what they want you to believe I wonder why you said Lagos and ogun without adding rivers If wike didn't talk about the injustice you won't believe how much he generated So let every state collect their Revenue and VAT We already know those crying for "brothers keeper" 52 Likes 5 Shares |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by unbitchable(m): 6:45am On Sep 10, 2021 |
TheRareGem1:Why is a state like Osun that generates more IGR than most northern states and some southern states yet gets the lowest allocations in successive years. With low allocation, how do you expect such a state embark on lots of infrastructures and payment of its workers? If a state like Osun that has gold deposits is allowed to control its resources, more development would be visibly achieved. You want development for the country yet people like you have refused to open your eyes and understanding to the fact that restructuring and resource control is the way out of central dependency. 28 Likes 2 Shares |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by blackpanda: 6:52am On Sep 10, 2021 |
Truthissupreme: Smh. Pls face reality. Figures don't lie. Politicians can tell u anything just to sway u one way or the other. Apart from oil companies in rivers, what else is generating vat?? And how many companies are their compared to the size of the state. The truth is in front of ur nose |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by TheRareGem1(f): 6:52am On Sep 10, 2021 |
unbitchable: I am aware of a leader that has gone to court more than five times to fight for restructuring but when you have saboteurs in the government, it makes your efforts futile plus a few northern states have gold and other mineral deposits, it the FG executive order that hold many of them back, in fact no state without God bless mineral resources in this country, the least is taraba with one resources aside the tourist centre in the state that is supposed to work upon by the FG and state in collaboration with private sector 4 Likes |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by blackpanda: 6:53am On Sep 10, 2021 |
olabukola: Nobody is leeching on anybody. FGN is trying to take care of all Nigerians equitably. 2 Likes |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Onepeople: 7:06am On Sep 10, 2021 |
blackpanda:you are a big joker, northern state got more than they generate stop deceiving yourself, more than 12 state in the north generate below 50b ,the only state that generate below 50b in the south is ebonyi state, maybe you need to go back again. This policy should be implemented. 24 Likes 4 Shares |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by htdot: 7:14am On Sep 10, 2021 |
TheRareGem1:You said the opposite when GEJ was in govt. 4 Likes 1 Share |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by inoki247: 7:22am On Sep 10, 2021 |
Abeg how much FG generate and how much dem don borrow for over 6years now I want to check something... How much FG don earn how much dem don borrow.. 1 Like 1 Share |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by blackpanda: 7:23am On Sep 10, 2021 |
Onepeople: 50bn is not even enough to pay salaries let alone construct roads, markets etc. No state except Lagos and ogun can function without FGN intervention. Also it's not a policy, it's a judgment. Judgment that is already on appeal. But if I'm buhari I will allow states collect. But all the judges will have no salary till fgn completes the appeal process. Since they are also a beneficiary of the VAT. Let the state govt pay them from the collection 3 Likes |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by adioolayi(m): 7:25am On Sep 10, 2021 |
Don't use this narratives to stop the States from managing their resources, collecting their VAT and Stamped duties. States should look into blocking revenues leakages, banning illegal operations (e.g. Gold mining and exportation), increase investors confidence in doing business and widen their Tax nets. Many States are just lazy!!! I believe each State has enough population and resources to be self sufficient if well managed. 14 Likes 1 Share |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Setier: 7:25am On Sep 10, 2021 |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Kennitrust(m): 7:26am On Sep 10, 2021 |
APC, the party that took Nigeria back to a failing state |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by humberjade: 7:27am On Sep 10, 2021 |
Hmm |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Emu4life(m): 7:27am On Sep 10, 2021 |
What are these states borrowing money for? No Capital Projects/Infrastructure, No proliferation of Factories, Poor Education and catastrophic Health Care system. what are they borrowing money for? To fund the extravagant lifestyle of politifians 5 Likes
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Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Kimer: 7:29am On Sep 10, 2021 |
. |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Full31: 7:31am On Sep 10, 2021 |
Nigeria 8s already a failed nation |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Truthissupreme: 7:31am On Sep 10, 2021 |
blackpanda:I can see you are very ignorant Do you know the amount of economic activities that goes in portharcourt We have said every state should be on its own, allow the south states suffer is it your suffering Why crying and begging for brothers keeper when you can simply allow every state on its own to prove your logic that spoon feeding that is north centric isn't south problem 10 Likes 1 Share |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by damiloladuke: 7:31am On Sep 10, 2021 |
Ok |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Lumig: 7:32am On Sep 10, 2021 |
These governors are thieves. All their internally generated revenues codedly hidden from the public |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by humberjade: 7:32am On Sep 10, 2021 |
TheRareGem1: Yet, Ogun lacks manageable roads 1 Like |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by blackpanda: 7:32am On Sep 10, 2021 |
Truthissupreme: And what is the amount Give us the figures pls |
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