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Nairaland Forum / Nairaland / General / Politics / Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow (39764 Views)
Most Indebted States In Nigeria 2023 / Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development / Lagos Leads Highly Indebted States With More Than N1 Trillion Debts (2) (3) (4)
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Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by politicoNG: 7:14pm On Sep 20, 2022 |
Lagos State government has topped the list of highly indebted states in the country, with a figure of N797. 304 billion out of the N5. 281 trillion owed by the sub-nationals, as at June 30, 2022. https://www.vanguardngr.com/2022/09/lagos-tops-list-of-highly-indebted-states-with-n797bn/ 11 Likes 2 Shares
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Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by another1: 7:21pm On Sep 20, 2022 |
Hmm 2 Likes |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by Corridon: 7:22pm On Sep 20, 2022 |
I wonder what all these states are doing with the big IGR they are collecting more especially Lagos and Ogun states. And the sad thing is that the two states are in Tinubu's pocket. 366 Likes 24 Shares |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by Peterobi90: 7:22pm On Sep 20, 2022 |
Note: this is just domestic debt, external debt is at $1.3bn approx... excluding FAAC allocations and other undisclosed incomes.. Where are the fully funded public infrastructures that we can tally this debt with? 171 Likes 19 Shares
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Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by Massiveglory: 7:22pm On Sep 20, 2022 |
The IGR of Lagos alone is more than that of some african nations. The incomes of lagos does not in any form tally with the developments in the state. Lagos is being run like a pyramid scheme. The state is being strategically ripped off and media scams are being used to hide the embezzlements. The ring leader of the embezzlement is tinubu. He is the one at the head of the pyramid. The day lagos breaks loose from tinubu, that is day lagos will see light. 480 Likes 50 Shares |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by Nobody: 7:23pm On Sep 20, 2022 |
Wow 3 Likes |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by OkCornel(m): 7:26pm On Sep 20, 2022 |
And Lagos is among the worst cities in the world to live in. 160 Likes 15 Shares
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Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by chiefolododo(m): 7:26pm On Sep 20, 2022 |
Where is Osun? 9 Likes |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by Givemehope(f): 7:28pm On Sep 20, 2022 |
Lagos is not supposed to owe 80 Likes 5 Shares |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by DLSReigns: 7:28pm On Sep 20, 2022 |
We need to understand that while Lagos isnt a super state yet it remains a work in progress ahead many others. Pay no attention to any who says Lagos is already there. Neither should you listen to any who says Lagos has no pride of place among its peers. 13 Likes |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by Racoon(m): 7:28pm On Sep 20, 2022 |
This is the Lagos emilokan developed and handed over to his protegees down the line. Lagos with the highest IGR within the federation? What is all these humongous debts for? All proxy companies are interconnected via Alpha-Beta as the conduit pipe to Burdillion. Where are the cassava and agbado munching zombies? 152 Likes 14 Shares
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Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by ATEAMS: 7:28pm On Sep 20, 2022 |
NOT SURPRISED NIGERIA DEFT PROFILE IS ON AN ALL TIME HIGHEST .. #APC 12 Likes 2 Shares |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by Kenneth10110(m): 7:29pm On Sep 20, 2022 |
Jagaban's controlled state should be the headline. 95 Likes 8 Shares
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Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by slawomir: 7:29pm On Sep 20, 2022 |
Damnnn niggar Not surprised 35 Likes 1 Share |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by fredoooooo: 7:29pm On Sep 20, 2022 |
Aba made stats .. Oga we don hear o .. Can you people leave our indebted state and go back to your state with no debt ? 199 Likes 6 Shares |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by SILVERLINES: 7:29pm On Sep 20, 2022 |
Same Lagos Tunibu built Baba built everything to his bank account 94 Likes 5 Shares
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Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by Parachoko: 7:30pm On Sep 20, 2022 |
What have this states been doing with all this money? 217 Likes |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by politicoNG: 7:30pm On Sep 20, 2022 |
Other highly indebted states included: Imo, N210. 394 billion; Akwa Ibom, N203. 951 billion; Cross River, N 176. 086 billion; Oyo, N159. 906 billion; Osun, N150. 529 billion; Bayelsa N 150. 430 billion; Plateau N144. 608 billion; Benue N143 . 547 billion Bauchi, N129. 207 billion; Kano N125. 186 billion; and Gombe N 123. 608 billion. 8 Likes |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by sotall(m): 7:30pm On Sep 20, 2022 |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by LegendHero(m): 7:30pm On Sep 20, 2022 |
Oyo don overtake Osun Abi my eyes dey pain me? 90 Likes |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by Rivguydee(m): 7:30pm On Sep 20, 2022 |
Bayelsa too? Wetin dem dey use am do? 9 Likes 2 Shares |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by Mystic216: 7:30pm On Sep 20, 2022 |
The same Lagos they said TINUBU turned to heaven I thought they generate the highest IGR? What is all these Lemme see any urchin that will say Tunubu did this or that again Rubbish!! 58 Likes 5 Shares |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by UrPapa: 7:30pm On Sep 20, 2022 |
Omg, this Tinubu don finish Nigeria already Imagine running down about 10 States to debt after finishing Lagos 40 Likes 4 Shares |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by DamnnNiggarr: 7:30pm On Sep 20, 2022 |
APC and Tinubu State 21 Likes 2 Shares |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by aariwa(m): 7:30pm On Sep 20, 2022 |
MC olumo is the account officer, Alpha beta is the banker, fashola, Ambode and sanwo olu are board members, while Tinubu is the chairman board of directors Lagos state treasury incorporated .AMCON called out Atiku under Jonathan that he was owing billions to banks so if these old men cannot manage their “personal finances “ well, Is it Nigeria’s finances already in very bad shape that they can manage well? 33 Likes |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by RepoMan007: 7:30pm On Sep 20, 2022 |
Debt comes with interest. My personal proposal is that law should be made that state loan should be tied to average IGR because allocation isn't guaranteed and dependent on factors beyond the nation's control. Indebtness option isn't allowing states to looks inwards wholeheartedly. Some even use it against their successor by borrowing funds the repayment will stretch well into their successor's tenure. In normal loan scenario like for workers and bank looking to lend, loan amount is tied to expected income that's predictable and assured. No one gives loan to you because you have an uncle or aunty somewhere that may gift you money. They give loan by your salary level and your corresponding deductables from workplace. That should be applied to states. No responsible father/guarduan will give his child/benefactor licences to take huge loans against some form of pocket money that isn't guaranteed. 12 Likes 2 Shares |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by triple996(m): 7:30pm On Sep 20, 2022 |
Kaduna is going good |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by TANID(m): 7:31pm On Sep 20, 2022 |
OMG look at my state |
Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by Electrochemistry(m): 7:31pm On Sep 20, 2022 |
Tinubu's fiefdom, Lagos treasury, is at the mercy of his presidencial campaign. It will be okay after election next year. 14 Likes
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Re: Lagos Tops List Of Highly Indebted States With N797b. Delta, Ogun, Rivers Follow by Nrates(m): 7:31pm On Sep 20, 2022 |
Wow |
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