Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,382 members, 7,819,391 topics. Date: Monday, 06 May 2024 at 03:26 PM

Near-Bankrupt States, Unviable Projects Await 18 New Governors - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Near-Bankrupt States, Unviable Projects Await 18 New Governors (21250 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)

(1) (2) (3) (Reply) (Go Down)

Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by favour32(m): 1:21pm On Apr 17, 2023
Second colonization chaired by INEC.
Politicians Vs the masses.
Borrow and share to individual pocket.

Completely failed state loading.
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by Nice2023(m): 1:22pm On Apr 17, 2023
And some people think this country would be better...federal govt is borrowing any how,states govt too are borrowing any how and even individuals are also borrowing like never before.

A woman sold her baby just to repay loan she borrowed.

A time is coming when tribalism and religion will no longer count, what is sure is that,the people would unite in their poverty and finish those who raped their destiny.

1 Like 1 Share

Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by SMARTMOTORS(m): 1:22pm On Apr 17, 2023
as it stands now a friend of mine couldn't get Visa to enter Mauritius even Somalia dey hard to get now from Nigeria! ......we are finished!!!!!

2 Likes 1 Share

Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by wonder233: 1:28pm On Apr 17, 2023
Nobody cares about all that. Nigerians have no business with viable projects and financial solvency of states. All they want is tribe and religion.
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by Edusouls(m): 1:33pm On Apr 17, 2023
Nigeria is a long done case of a collosal failed entity, tinubu, buhari, future presidents can’t even do anything, the rot and gradual death began since 1960..

1 Like

Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by Fiscus105(m): 1:36pm On Apr 17, 2023
If it's possible to go back to military for another 10 years, it would have better for Nigeria.

I'm sure the new govs elect would also go for both foreign and domestic debt to do their own white elephant projects.



Bubu almost sold naija to China for railway that not functioning.
Anyway, Amechi and his 5g (generation) need not working again Sha.

1 Like

Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by connkg(m): 1:36pm On Apr 17, 2023
Well, ask their Assistants. They all left the polity better than they met it.
Federal, State and Local.
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by onuman: 1:37pm On Apr 17, 2023
dre11:
· 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/$



https://guardian.ng/news/near-bankrupt-states-unviable-projects-await-18-new-governors/

At least Akwa Ibom leaders recognise that people need treated running water.

Other governors borrow money to build flyovers where where citizens don't have treated running water.
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by wonder233: 1:44pm On Apr 17, 2023
You lie bro. Tribalism and religion will count for ever and ever. Count is an understatement? Tribe and religion are the ONLY things.
You, as you're there, if you meet a new person, what is the first thing you ask him, is it not where he comes from? If the person refuses to tell you, won't you be so angry that you may not even want to have anything to do with him again?
Everyone I have told I prefer not to answer the "where are you from" question had gone on to hate me so vehemently. In fact, if they brought a killer terrorist and myself, they will gladly choose the killer. If people saw shege for 8yrs and elections came and they are still fighting themselves over tribes and religion.. What else do you need as evidence?
Nice2023:
And some people think this country would be better...federal govt is borrowing any how,states govt too are borrowing any how and even individuals are also borrowing like never before.

A woman sold her baby just to repay loan she borrowed.

A time is coming when tribalism and religion will no longer count, what is sure is that,the people would unite in their poverty and finish those who raped their destiny.

2 Likes

Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by CrushAndrew: 1:46pm On Apr 17, 2023
Ok
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by MT: 1:54pm On Apr 17, 2023
KingLennon:
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!

You said the good things.

However, both yahoo boys and the political class should be chased; they are both evils

3 Likes

Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by EdiskyHarry: 1:55pm On Apr 17, 2023
Sad, upon all the money udom Emmanuel borrowed and received from FG, AKWA IBOM is still where it was, no economical development, no job, no gratuity, no pension apart from building worship centers, stadiums, 24 story building, 10 lanes and other unnecessary projects that won't benefit the masses.
If udom Emmanuel is not arrested immediately he leaves office then EFCC is a crappy set of fools doing rubbish.

1 Like 1 Share

Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by EdiskyHarry: 1:59pm On Apr 17, 2023
The worst part of it, AKWA IBOM people doesn't vote in credible candidates, even if the devil will contest under PDP, he will definitely win.
Now they have voted in a man who promised to empower the youths with bear every Friday to drink and get drunk and we all see it as normal.

3 Likes

Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by coputa(m): 2:08pm On Apr 17, 2023
ChatterHouse:
Nigeria is a failed state
You are correct, it's only revolution that can save Nigeria.
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by Lukuluku69(m): 2:26pm On Apr 17, 2023
Nothin new to hear and see. It is rinse and repeat. You are talking about States, go the the LGs, it is the same story. They borrow against JAAC and use part of IGR to service these Loans, the remaining they all wack.

1 Like

Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by 07kjb: 2:28pm On Apr 17, 2023
KingLennon:
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.


NIGERIANS too will be waiting for him for his annoited candidate
NIGERIA is a big joke



EFCC boss is busy chasing yahoo boys on the streets and leaving the real looters. Nigeria is finished walai!
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by wiseone28: 3:08pm On Apr 17, 2023
EdiskyHarry:
The worst part of it, AKWA IBOM people doesn't vote in credible candidates, even if the devil will contest under PDP, he will definitely win.
Now they have voted in a man who promised to empower the youths with bear every Friday to drink and get drunk and we all see it as normal.
Don't pity them, let them and their children continue to ride okada
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by Christistruth03: 3:15pm On Apr 17, 2023
ChatterHouse:
Nigeria is a failed state

Biafra was a devastating Calamity

1 Like 1 Share

Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by blackpanda: 3:20pm On Apr 17, 2023
KingLennon:
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!

Stop calling EFCC. The Court has ruled that EFCC has no jurisdiction to try State offences. So your Governors are free to loot to stupor! grin

1 Like

Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by blackpanda: 3:21pm On Apr 17, 2023
EdiskyHarry:
The worst part of it, AKWA IBOM people doesn't vote in credible candidates, even if the devil will contest under PDP, he will definitely win.
Now they have voted in a man who promised to empower the youths with bear every Friday to drink and get drunk and we all see it as normal.

Same thing with delta state
Even a goat will be voted in as Governor as long as he is PDP
Then immediately after election they will start looking to Federal for help. Dumbos!
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by Nice2023(m): 4:04pm On Apr 17, 2023
wonder233:
You lie bro. Tribalism and religion will count for ever and ever. Count is an understatement? Tribe and religion are the ONLY things.
You, as you're there, if you meet a new person, what is the first thing you ask him, is it not where he comes from? If the person refuses to tell you, won't you be so angry that you may not even want to have anything to do with him again?
Everyone I have told I prefer not to answer the "where are you from" question had gone on to hate me so vehemently. In fact, if they brought a killer terrorist and myself, they will gladly choose the killer. If people saw shege for 8yrs and elections came and they are still fighting themselves over tribes and religion.. What else do you need as evidence?



When making counter arguments,always ensure to use the world,"I disagree with u or not so". Instead of using the insulting words such as the above.


After all,no be fight we dey fight.

1 Like 1 Share

Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by chukxie(m): 4:06pm On Apr 17, 2023
Nothing concern me. Make governors bankrupt their states e no concern me. Nigerians never ready to confront their leaders! Una go dey support leaders wey no send una because of ethnic and tribal sentiments. In China, corrupt politicians, public office holders, business people...are either executed or given long prison sentences..But in Nigeria, corrupt individuals are praised. Una mumu no be here ooo!

2 Likes

Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by JOemmy(m): 4:10pm On Apr 17, 2023
Too bad come here in warri and see a major water project that have been abandoned since the time of babangida regime millions of dollars was borrowed from afdb to execute the water project but yet all the delta state governors that have governed delta have not thought or even made any attempt of completing that project to them it's a rocket science that will require the services of NASA.
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by bayelsaowei(m): 4:22pm On Apr 17, 2023
Na them sabi..
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by COMPAQ(m): 4:31pm On Apr 17, 2023
dre11:
· 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/$



https://guardian.ng/news/near-bankrupt-states-unviable-projects-await-18-new-governors/

I'm not sure there's a country as poorly run as Nigeria. Cost are high, but to sack workers,They have no balls to do so. To reduce government spending, they have no willpower to do so. Revenues are low, but to tax the appropriate rich people in the society, they refuse to do so.
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by jaggabban: 4:53pm On Apr 17, 2023
Aswear Niger State will be there. Very useless governor.
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by OVB123: 4:55pm On Apr 17, 2023
NoFucksToGive:
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 ?
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by PROUDIGBO(m): 4:58pm On Apr 17, 2023
EdiskyHarry:
Sad, upon all the money udom Emmanuel borrowed and received from FG, AKWA IBOM is still where it was, no economical development, no job, no gratuity, no pension apart from building worship centers, stadiums, 24 story building, 10 lanes and other unnecessary projects that won't benefit the masses.
If udom Emmanuel is not arrested immediately he leaves office then EFCC is a crappy set of fools doing rubbish.

Hehehehehe grin grin grin
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by justtoodark: 5:01pm On Apr 17, 2023
the problem is not realy debts....the issue is how much revenue you can generate with the projects....
practical all nations on earth make debts....

why....??
i never understood.... undecided undecided

it is the way it is....
you plan something and it doesnt generate what you await is a risk....

thats why good plannin is very important for a goverment....
not just building this,building that because it looks nice on paper....
Re: Near-Bankrupt States, Unviable Projects Await 18 New Governors by justtoodark: 5:09pm On Apr 17, 2023
nigerias problem is,too many want to work in office....
a nation like nigeria shouldnt have such a hugh bureaucracy....

you try to change it,people will fight you....
soo,it continues the way it is....

(1) (2) (3) (Reply)

Vanguard Newspaper Apologises To Oby Ezekwesili / Photos From Abdulkadir Kure's Burial / Killings: Presidency Laments Hate Speech, Demands Respect For Buhari

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 42
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.