n 2014, your N8k can buy a bag of rice but now your N40k cannot buy a bag of rice. Can you say someone being paid N40k now has more money than someone earning N8k in 2014? Yes, but can you ask same person, since he is earning 5 times more, why is he not buying a bag of rice.....the answer is simple. He can't, because the money has less value than N8k of 2014!

The governors can't do more with Tinubulation worthless money

sucreblazing:



You people eh... una mentality you dey one kain

Did you put in consideration the inflation now? And why SS States are getting less? The allocation is now less, it's your mentality that's somehow

mrvitalis:

Lol after subsidy removal? Lmaooo APC propaganda

We are paying more subsidy now than we have ever paid... And we are also paying more for petrol now than we have ever paid

Divide those allocation by the exchange rate the u know states are getting far less

This is the problem of Nigeria. Why must they divide by exchange rate? Is Nigeria's a US economy?

happney65:
When some of us see these huge money you think it is that Huge.

The truth of the matter is that most states are just getting by. These money are majorly spent to pay salaries and pensions.

Apart from Lagos,Abuja and Rivers the others are just nothing. And we know why those two particularly stand alone

Oyo's monthly wage bill is about 11Billion every month with very little remaining to do infrastructure that is why they borrow to do infrastructure. The same with most other states.

They have to argument salaries with Internally generated revenue. That is why some states do not pay salaries or pensions and even at the last count,It is just 10 states in 36 states that are paying 30,000 naira minimum wage

The truth of the matter is that going to Abuja to collect monthly allocation is rubbish and should be stopped.

States should be the one in charge of their resources and giving the FG a percentage not this one they are giving them money to get by .

P.S. I am not 100 percent holding forth for the Govornors. I know some of them are useless just saying that which is the fact.

Note. This is the yearly federal allocation and not monthly. So divide each state by 12 months and you see how much he gets and the state population

What resources? Oil and gas again? What about states that do not have any commercial resources? I agree with you that the allocation from the center can not help much.

Look, let the states develop their human resources. Let them improve the lots of their people. Then people will build more businesses and the government makes money from taxation. Even as it is now, a serious government can make money from taxes and duties. Look at Oyo state for example. If a proper government agency is in charge of collecting dues from okada riders and taxi driver the government will make good money then tax shop owners and small businesses. But they've grown lazy because of the money from Abuja.

Ma why Delta get mind dey kill officers! Too much money

FuckOsuPigs:


This is the problem of Nigeria. Why must they divide by exchange rate? Is Nigeria's a US economy?

Are our earnings not in dollars?

If subsidy has been removed and naira devalued by over 100%

Revenue should be 2.5 times the previous revenue

Don't you know basic maths?

I see this as propaganda. If the said amount reported in naira and the source is dollar, with common sense the naira equivalent is suppose to be higher because the naira has lost its value to the dollar. So the increase is not real because the purchasing power of that money after subsidy removal is less. What the funds before subsidy can get, after subsidy thesame amount can't get it.

mrvitalis:

Lol after subsidy removal? Lmaooo APC propaganda

We are paying more subsidy now than we have ever paid... And we are also paying more for petrol now than we have ever paid

Divide those allocation by the exchange rate the u know states are getting far less

If not that you’re a mor0n, wetin concern federal allocation with dollar price. Do states pay salaries in dollars or give out contract in dollars

Despite the huge allocation, I can't imagine seeing Delta state struggling.

mrvitalis:

Lol after subsidy removal? Lmaooo APC propaganda

We are paying more subsidy now than we have ever paid... And we are also paying more for petrol now than we have ever paid

Divide those allocation by the exchange rate the u know states are getting far less

You don't need to divide, we need to look at what is done with the money in respective states and call out the governors, the exchange rate goes up so also the allocation but salary still same and surviving it, purchasing power is reduced because cost of goods has gone up while the salaries remain at same sport. Definitely salary will go up but not all citizens collect salary, so governors should be proactive in reasoning not to embezzled or keep the money in banks.

mrvitalis:

Lol after subsidy removal? Lmaooo APC propaganda

We are paying more subsidy now than we have ever paid... And we are also paying more for petrol now than we have ever paid

Divide those allocation by the exchange rate the u know states are getting far less

The States budget in Naira and their major expenses, if not all, are in Naira. Salaries and wages of workers which form the bulk of their recurrent expenditure have remained the same. None of them have increased salaries and most have no provisions for salary awards as palliatives. So what are the States doing with the excess funds? They really have questions to answer.

Babinski:


The States budget in Naira and their major expenses, if not all, are in Naira. Salaries and wages of workers which form the bulk of their recurrent expenditure have remained the same. None of them have increased salaries and most have no provisions for salary awards as palliatives. So what are the States doing with the excess funds? They really have questions to answer.

Obviously you have problem with basic maths

phemray:


You don't need to divide, we need to look at what is done with the money in respective states and call out the governors, the exchange rate goes up so also the allocation but salary still same and surviving it, purchasing power is reduced because cost of goods has gone up while the salaries remain at same sport. Definitely salary will go up but not all citizens collect salary, so governors should be proactive in reasoning not to embezzled or keep the money in banks.

Which school did you go to?

miyagi01:

If not that you’re a mor0n, wetin concern federal allocation with dollar price. Do states pay salaries in dollars or give out contract in dollars

If not that u are a Mor0n you would know federal income comes in dollars and then sold to Cbn to provide naira

You would also know if subsidy has been removed and naira devalued by over 100%

Revenue should be 2.5 times the revenue before

But again you are a Mor0n

mrvitalis:

Lol after subsidy removal? Lmaooo APC propaganda

We are paying more subsidy now than we have ever paid... And we are also paying more for petrol now than we have ever paid

Divide those allocation by the exchange rate the u know states are getting far less

And why do we need the exchange rate here, the allocations are in Naira and expended in a Naira economy

So what is the point of converting to exchange rate

Putindbutt:

What exchange rate?, are you buying garri in dollars?, Are you ok?

we don't buy gari in dollars. But we sell our crude oil in dollars. And with the current devaluation of the currency, with over 400% of original value, state governors ought to receive ×3 of what they used to receive b4 subsidy removal
This time last year 100k can buy about 4 bags of rice, but right now it can only buy one. Dollar or no dollar, your current 300k has less value than 100k of the naira this same time last year. So if you increase a state allocation from 100b to 115b, it is just mere figures increase with no true value. It clearly shows that subsidy removal has not yet added any noticeable value

Gossiphub:


Una don start another lie again.

Giddygiddy

Kindly educate me on who cancelled regional system of government in Nigeria.

jmoore:


You were asked to used exchange rate to make comparison, you dey rant bulabu.

You think using the exchange rate will negate the "increase" or undermine the "increase" you are wrong

The single Fact that the "governors" are strangely calm and not complaining is enough evidence the "INCREASE' is favorable, afterall its not as of they are committed to develop there states .. it is just more money to steal & pocket

Another relevant angle, Most of the states still maintain the Old wage to workers, some are not even paying the 30k minimum wage yet they are collecting the new allocation ....

Becos the Governors are not committed to make there states better, anyhow you chose to look at it, the governors are cash out big time

mrvitalis:

Obviously you have problem with basic maths

Oga read and learn, these are vital question you should have thought about before forming a lame assertion

To make your question reasonable, use the old and new state recurrent expenditure to juxtapose the new state allocation is unfavorable

Makunahatata:
dullard ...why Anambra go get wetin Lagos dey get?

Mumu ...then y u de expect Anambra to be like lagos

Kingcalls:


Mumu ...then y u de expect Anambra to be like lagos

ode! Last time I checked,na una dey turn everything to dick measuring competition..just as u are doing on this thread right now...den swear fr una?

jmoore:


You were asked to used exchange rate to make comparison, you dey rant bulabu.

Exchange rates play no roles in the allocations.


The monthly wage bills of these States hasn't increased

SoNature:
As you are making this comparison, do well to consider inflation.

The removal of fuel subsidy rocketed the prices of everything, thereby making nonsense of the apparent increment in the federal allocation.

This is common sense!

The MAIN thing that States spend money on = salaries of workers.


The Salaries of workers hasn't been increased. Most Governors get away without any scrutiny.


How many times have you heard anything about the Governors of Osun, Jigawa,Imo, Delta or Sokoto doing anything?

Most Nigerians don't even know the names of these Governors let alone know whatever they are doing.

chidiokay:



Oga read and learn, these are vital question you should have thought about before forming a lame assertion

To make your question reasonable, use the old and new state recurrent expenditure to juxtapose the new state allocation is unfavorable

You obviously don't know how allocation works

Go and read up then come back

mrvitalis:

You obviously don't know how allocation works

Go and read up then come back

Oga stop spewing nonsense as if you are talking to kindergarten kids here;

its no brainer ! the only way the Allocation works is through the Budget, and the only thing that can make an increase in Revenue insignificant or unfavourable is a corresponding or higher increase in recurrent expenditure, which you are yet to show us

mrvitalis:

Obviously you have problem with basic maths

Can you please clarify how my submission involves a problem with maths?

You want to base your argument on exchange rate to the dollars when the States do not budget or incur expenditure in dollars. That is a parochial view that is without basis and for which you have not even made any attempts to advance a reasonable argument for, as a basis. It is the evidence of a one track mind that presumes itself to be the plaintiff and the judge at the same time.

When you earn and expend in local currency, any advancement in value is based on the same local currency. Are the State workers salaries being computed or paid in dollars? Are the budgets of the States made in dollars? You avoid answering these obvious questions and resort to simply parroting a meaningless exchange rate defense.

Babinski:


Can you please clarify how my submission involves a problem with maths?

You want to base your argument on exchange rate to the dollars when the States do not budget or incur expenditure in dollars. That is a parochial view that is without basis and for which you have not even made any attempts to advance a reasonable argument for, as a basis. It is the evidence of a one track mind that presumes itself to be the plaintiff and the judge at the same time.

When you earn and expend in local currency, any advancement in value is based on the same local currency. Are the State workers salaries being computed or paid in dollars? Are the budgets of the States made in dollars? You avoid answering these obvious questions and resort to simply parroting a meaningless exchange rate defense.

My argument is simple we are getting less revenue now that they are claiming we are no longer paying subsidy

Nigeria earns are based in dollars, crude oil sales, duty payments

This dollars are sold to Cbn at the official rate which was 430

Now official rate is over 1500 more than 3.5 times what it used to be, plus we are saving 1 trillion per month if we don't pay subsidy e

States revenue should be 4 times what they are now

But because we are paying more subsidy than we have ever paid states are getting less than they where even getting

chidiokay:



Oga stop spewing nonsense as if you are talking to kindergarten kids here;

its no brainer ! the only way the Allocation works is through the Budget, and the only thing that can make an increase in Revenue insignificant or unfavourable is a corresponding or higher increase in recurrent expenditure, which you are yet to show us

Allocation works through budget?

Which school did you go to

mrvitalis:

Allocation works through budget?

Which school did you go to

Oga you aint even close to clever not to talk of "by Half"

I reiterate, Allocation disbursed to state are used to finance respective state Budget, .... its no brainer

Use your full chest and discredit ... tell us how havard taught you allocation works

Anyone who can successfully link this problem to peterObi , SE and IPOB as the cause will get a #10k reward from me

chidiokay:



Oga you aint even close to clever not to talk of "by Half"

I reiterate, Allocation disbursed to state are used to finance respective state Budget, .... its no brainer

Use your full chest and discredit ... tell us how havard taught you allocation works

Nigerian earns in dollars, sale at official rate to Cbn

If subsidy has been removed and official rate has increased by over 3.5 times

Should revenue not also increase by same factor?

Or u lack basic maths skills?

Makunahatata:
ode! Last time I checked,na una dey turn everything to dick measuring competition..just as u are doing on this thread right now...den swear fr una?

U at this fool... no be una start to de make mouth talk say Anambra no reach lagos, say obi no make Anambra be like lagos na y we run come lagos... children of the fallen demon known for jealousy, envy, lies , deception and bitterness