₦airaland Forum

Sincere 9gerian: It is very shameful that politicians dont accept free and fair defeat in this part of the world. They keep crying and whining from one media house to another

The debt management agency categorised the states of the federation into three basic groups, depending on their solvency profile.
Akwa Ibom, Edo, Kwara, Ondo, Plateau and Taraba states have received the Debt Management Office, DMO, warning alerts as their financial health appears to be tottering delicately near the insolvency bar.

The debt management agency has categorised the states of the federation into three basic groups, depending on their solvency profile.
Those in the pink category are those states already in the danger mark as a result of the high level of indebtedness, while those in the yellow category are considered close to critical on the domestic debt sustainability analysis scale as a result of their huge debt profile.
The third category is green. States included here are considered among those with healthy financial balance sheets, with scores below the recommended solvency ratio of 92 per cent.

Akwa Ibom, one of the endangered states, has in recent times been in the spotlight for the wrong reasons following several reports linking its governor, Godswill Akpabio, with careless expenditure of public funds which critics have deemed ‘wasteful, a display of insensitivity and needless extravagance.’



Bayelsa, Cross River, Delta, Zamfara, Kogi, Ebonyi and Adamawa states, according to the report of domestic debt sustainability analysis undertaken by the DMO, have failed the test.

The report which the DMO board headed by Vice President Namadi Sambo presented for discussion last Tuesday, showed that the seven states’ domestic indebtedness relative to their internally generated revenue, IGR, capacities ranks high beyond the recommended international debt threshold of between 92 and 167 per cent.

Analysis of the pink states shows Bayelsa state leading the high debtor states with a score of 1,712 per cent insolvency ratio and a domestic debt stock of N162.82 billion as at the end of December 2011 while its IGR stood at about N9.510 billion.

Those next to this endangered category are stated in yellow while states whose positions are healthy are presented in green colour.
Cross River is the next endangered state with indebtedness ratio of 548 per cent far above the recommended threshold and a domestic debt stock of N90.750 billion, relative to its IGR size of N16.553 billion as at the end of 2011.

The third in the pink category was Zamfara State which recorded a score of 497 per cent, representing its total domestic debt of N12.968 billion relative to its IGR profile of N2.611 billion in the period under review.

This is closely followed by Ebonyi State with a score of 272 per cent, representing domestic debt stock of about N40.239 billion relative to its IGR of N14.778 billion.
Delta State came fifth with a rating of 263 per cent as the state’s domestic debt stock was at about N90.843 billion, against its IGR level of N34.601 billion.


Adamawa State followed with a rating of 217 per cent with a debt stock of N25.954 billion, while its IGR stood at N11.948 billion.
Kogi State took the rear in the exclusive list with a solvency score of 207 per cent, representing its indebtedness of N34.122 billion in relation to its IGR of N16.500 billion.


According to the debt management agency, the Debt Relief International, DRI, solvency threshold of 92 per cent to 167 per cent was applied in the compilation of the report to underscore the need for the sub-national governments to grow their IGRs to reduce excessive pressure on their statutory allocations in the running of their governments and free up resources for other developmental projects.

incrediblestev: There is too much sentimentality in the way those in support of this misplaced project are putting forth their arguments.

Whether you lots like to believe it or not, there is no economic viability in such a nonsensical project to begin with, even Oyo state with its size and volume of commerce does not get enough activities to sustain the airport not to talk of the other neighbouring states with thesame ambitious but misplaced projects.

Unless the whole essence of building such an airport is for egoboosting rights, there is no way a rural state like Osun whose population is largely agrarian and peasants will be able to sustain such a project. Who is going to use the cargo airport, the peasant farmers? one joker even suggested that the cargo airport will be used to transport agricultural produce from these peasants, what a joke, on whose Bill will such expense rest? The peasants or the thoughtless state government.

Ogbeni is blinded by stewpid ego-riding contest with states that are way above his state's league, Akwa Ibom no be osun mate both in infrastructural development and money flow, so make him no bother.
I suspect he is just creating a distraction to siphon funds with worthless projects that will be done shabbily while the gullible lots in the SW will be screaming APC development blablabla...


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paddymo: Akwa Ibom airport has the longest run way in Nigeria with 3.6km and expanded to 4.2km, 60metres wide. With this runway, they are the only airport in the country that can conveniently host an Airbus 380. Source http://tribune.com.ng/news2013/index.php/en/business-package/2012-10-29-11-36-27/aviation/item/5211-‘our-plan-is-to-make-ibom-airport-gateway’.html

we are the only airport in the country that can conveniently host an Airbus 380.

The Airbus A380-800 needs a runway that is 9,020 ft long to takeoff at MTOW (Maximum Takeoff Weight). The A380-800 needs a runway that is 5,000 ft long to land at MLW (Maximum Landing Weight).

ROSSIKE: That is what I keep wondering. Would they make this fuss if they thought he was drinking Campari? Inferiority complex buffoons.

Symphony007: your well ochestrated list would have made sense if their was concrete undisputable evidence that the president is a drunk.

jmaine: Sane adults are relating . . .

dayokanu: When they were vandalising pipelines during OBJ regime were they trying to make Nigeria ungovernable for a Yoruba man?

jmaine: Hey maggot, run along and go play outside. Your betters are conversing in a sane manner.

Thanks.

jmaine: The infested maggot shows up with his inane foolishness.

You have been noticed, please step aside so that i can converse with worthy and sane people.

Symphony007: so obama has a drink and it's "lovely" your president does the same and he is a drunk. How pathetic!! Cheap shots like this on this man undermines his failures as president and make his critics like you small in the eyes of nigerians.

jmaine: And your investigations showed it was the militants themselves ?.

Orji o orji: the position you disrespect will never reach your hand.... let respect the president l discover those power drunkerd who where dislodge in this administration are the critics

Paul John: Earlier than I thought.

Model and more about the airport here;
https://www.nairaland.com/1454755/model-mko-abiola-international-airport

SeaGold: [s]
Point of correct.
No society is without strife.
The kidnappers, killers, marauders, rapist are the people Christ said will go to HELL.

It doesn't matter what race, colour and ethnicity you are. Once you are a sinner, you are hell bound. So bearing Christian names or coming from downtown south is not enough to guarantee one salvation.

So my dear, a Christian will not kill to proclaim God's words, we allow him fight his battle. A Christian will never kidnap or steal,its blasphemy!

The bible stated that not all that calls my name, father...father will inherit the kingdom of God and in the endtime, a lot of miracles will be performed on his name. Christ admonished us to discard such miracles and seek the true God in righteousness. You see why kidnappers aren't Christians?

I hope you are now properly guided on who a Christian is?[/s]

Who is likely to tell outsiders what was secretly discussed by his own people?
1. The Tiv
2 The Igbo.
3. The Hausa.
4. The Yoruba
5. The Fulani.
6. The Ibibio.
7. Others.......

Replies...


Bayo Adeyinka What a hopeless, divisive page! How could you have tribalised a human problem? Is that the hope you're building for Nigeria and Nigerians? Change your name, please.

Adebayo Adebisi What is the end game of a post such as this If not to cause discord among the diverse Ethnic groups that make up Nigeria?!

If "Hope for Nigeria" can no longer show people reason to believe in Nigeria, then I think you have outlived your usefulness!

Stop Posting stupid questions that only cause strife and baseless Accusations!
Happy Sunday!

Mayor Christian Onwudinjor Admin,don't u ever post a thing like this.We are battling to destroy the ethnic/tribal war in Nigeria and here u are sponsoring it!What do u stand to gain here?Biko,enough of of this or we will unlike ur page en masse.

Ayodele Aina You call yourself Hope for Nigeria but you are the worst advertisement of your product. On a daily basis, you conceive and spew out insidious and inflammatory posts in pursuit of an ethnic and divisive agenda. How else could you have come up with this if it wasn't conceived from depths of a depraved mind! The world is talking of economic and political integration but daily, you harness the dark and primitive propaganda of slice and dice, divide and rule, all to an agenda! What is the price of your victory in 2015? A divided, backward and broken country? He who rides the tiger will end up in its belly. Your agenda will eventually consume you. The fact that you have a wide audience consuming your hateful posts is enough cause to worry. Nigerians are however wiser than your divisive propaganda.