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Nairaland Forum / Nairaland / General / Politics / Near-Bankrupt States, Unviable Projects Await 18 New Governors (21240 Views)
For Nigeria’s Bankrupt States, It’s Business As Usual - Businessday / List of Financially Broke/Bankrupt States in Nigeria. ( photo) / Simon Lalong Is New Governors Forum Chairman (2) (3) (4)
Near-Bankrupt States, Unviable Projects Await 18 New Governors by dre11(m): 12:42pm On Apr 17, 2023 |
· Incumbents add N2.16tr to states’ legacy debts · Debts balloon from N947.4b to N3.1 trillion in eight years · Yearly IGRs about 20% of accumulated liabilities · Incoming states’ state executives to service decade-old loans · States burdened with unviable projects · Akwa Ibom still servicing foreign facilities incurred during military era, at N22/$ From heaps of debts to tattered revenues, unsustainable wages to poorly-equipped civil servants and dead assets to loads of contingent liabilities, the 18 new chief executives of states who will be taking oaths of office on May 29 have their jobs clearly cut out for them. https://guardian.ng/news/near-bankrupt-states-unviable-projects-await-18-new-governors/
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Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by TemplarLandry: 1:13pm On Apr 17, 2023 |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by Flight90: 1:13pm On Apr 17, 2023 |
Just imagine the height of wickedness. Not only did they put the state into debts but they also made sure the revenues are tattered. They can as well sell off this country too 6 Likes |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by KingLennon(m): 1:13pm On Apr 17, 2023 |
An idiot will stay in government for 8 years and siphon the state's treasury and no one will say anything. He will recieve loans from foreign bodies and banks and he will have no project to show for it. Then after 8 years, he will handover to another evil and fly out to a foreign country to enjoy his loot and nobody is concerned. EFCC boss is busy chasing yahoo boys on the streets and leaving the real looters. Nigeria is finished walai! 82 Likes 5 Shares |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by iCauseTrouble: 1:13pm On Apr 17, 2023 |
I didn't read it but I am sure Kogi state will be one of those states. 17 Likes |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by Aust1n(m): 1:13pm On Apr 17, 2023 |
Assuming dey allow this restructuring of a thing so many state would have gone into incognito mode… they don’t generate any revenue apart from consuming what other states generates. That’s why we have to focus more on other sectors and resources apart from crude oil. We cannot continue to live in consumption consumption. 15 Likes |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by ChatterHouse: 1:13pm On Apr 17, 2023 |
Nigeria is a failed state 8 Likes |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by joebeckz(m): 1:13pm On Apr 17, 2023 |
Thieves! Sum up the total amount stolen by these governors and their cohorts. Some smaller countries don't have that amount. Backward continent (Africa). 9 Likes |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by Smokeybrain(m): 1:13pm On Apr 17, 2023 |
More debt loading Genius J 4 Likes 1 Share |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by FalseProphet1(m): 1:14pm On Apr 17, 2023 |
With all the wealth in this country, some states are on the verge of going bankrupt. I see Britain re-colonizing Nigeria again. This I have seen. 11 Likes |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by richmond500: 1:15pm On Apr 17, 2023 |
Wike has alot of money to give other states yet my state is going bankrupt? Angel Michael and every other angel in charge of bringing people to this world... me and ona get serious talk when I reach heaven 45 Likes |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by NoFucksToGive: 1:16pm On Apr 17, 2023 |
Oh what a nation we find ourselves in... Pathetic really. That's why the people voted for Obi because they wanted a change. But these political criminals have refused to let go of power If they won't set us free willingly maybe it's time we force them with protests. I mean what is left for them to loot? Already food prices are beyond the common citizens pockets. What's left ? 7 Likes |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by meum: 1:16pm On Apr 17, 2023 |
They will come in & create other unviable projects and the cycle continues. Abi na anointed successor go come probe predecessor or na typical Nigerian politician wey other typical Nigerian politician sponsor no go come chop him own clean mouth? Even dat “yes father” I no trust am until he proves all of us wrong 1 Like |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by Triangles1(m): 1:16pm On Apr 17, 2023 |
The same position many are killing themselves to occupy, so that they can embezzling their own and leave the gbese for the state to manage. If they know they're going their to inherit debt why killing themselves over the Post. 4 Likes |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by faithfull18(f): 1:16pm On Apr 17, 2023 |
Hmmn. |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by tuoyoojo(m): 1:16pm On Apr 17, 2023 |
This was why we needed to follow Obi's blue print of going from consumption to production But religion, tribalism and sheer greed nor gree us Make we dey look All hail the guineafawol by day BAT 🦇 by night 8 Likes |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by BluntCrazeMan: 1:16pm On Apr 17, 2023 |
Wahalla Ooo 1 Like |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by Nobody: 1:17pm On Apr 17, 2023 |
APC is a disaster 2 Likes |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by CodeTemplar: 1:17pm On Apr 17, 2023 |
Lol..our leaders mostly are secret made men and that's what rules their thinking pattern. Big man mentalitg of agbada and cap. They all chase statuses and so end up doing needless unviable projects like airport, shopping malls, subsidized schools, empty hospitals, overcrowded institutions, and dormant welfare schemes. |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by CodeTemplar: 1:17pm On Apr 17, 2023 |
Reinaldo:PDP states doing any better? 1 Like 1 Share |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by Promise47(m): 1:18pm On Apr 17, 2023 |
This country is massively corrupt like the Canadian will say what's wrong with Nigeria I thought they had oil oh Nigeria is corrupt |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by CodeTemplar: 1:18pm On Apr 17, 2023 |
richmond500:The man is a case o. Kpofire want to finish PH and environs but Wike was only concerned about VP ticket. Commissioning flyovers when he can build power plants and industries capable of generating hundreds of billions in annual profits. 3 Likes 1 Share |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by SyrusdeHansome(m): 1:18pm On Apr 17, 2023 |
Politicians have killed Nigeria but the youths are still ready to die for them. 12 Likes |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by Kellie069(m): 1:18pm On Apr 17, 2023 |
The crazy part of this whole thing is that these past governors and their deputies are entitled to lifetime packages running in billions of naira… yeah, enough reason why election should be “do or die”” their Oga at the top taught them how to borrow exorbitantly anyways . 4 Likes |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by fabolouz1(m): 1:19pm On Apr 17, 2023 |
This is possible because all the State houses of assembly are branches of the executive. They approved all kind of unquestionable budgets without blinking an eye. 4 Likes |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by AhmedGhost(m): 1:20pm On Apr 17, 2023 |
Oh what a mess. We are here celebrating our new Governors elect, and they have much debts at hand to pay. I dey reason Niger state self 1 Like |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by Melonsmasher: 1:20pm On Apr 17, 2023 |
Nigeria is finished 1 Like |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by Investorozay: 1:20pm On Apr 17, 2023 |
When gonbe is blowing billions on haj instead of factories how will they progress 4 Likes |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by nedekid: 1:20pm On Apr 17, 2023 |
Na so.. The person that was able to clear debt and save money, they said he is stingy, did not achieve anything. No problem, let us chop all today, for what we will eat tomorrow, Allah will provide. 1 Like |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by fastseo: 1:21pm On Apr 17, 2023 |
Nigeria is already a bankrupt state, failed state 3 Likes |
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by Melonsmasher: 1:21pm On Apr 17, 2023 |
SyrusdeHansome:A pity very shameful |
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