₦airaland Forum

AustineE1:
...are we actually on 4G in Nigeria,i doubt! The speed more often than not is just like 3G or at best 3.5G!

Xander85:
Obiano is into what....his 6th year in office now?

Like-play-like-play he will finish his two terms as governor, and we'd still be dreaming of having a world-class int'l airport...a working river port....well laid out inner city roads.....the new 'Du inbai' he talked of....reticulated water and gas supply to homes and industrial clusters; etc.

The only areas i'm scoring him high is in agriculture.....attracting diaspora investments.....and to an extent; security! I'm yet to see the new Onitsha, Awka and Nnewi i had hoped to see with his coming in as governor.

Chri08102702694:
The debt status of states in Nigeria have been revealed.


Most of the states’ debts exceeded 50 per cent of their annual revenues.

The debt profiles of about 18 states exceed their gross and net revenues by more than 200 per cent.


Lagos, Osun and Cross River states record over 480 per cent debt to gross revenue.

The Fiscal Responsibility Commission, FRC, stated this in its 2016 Annual Report obtained by Punch in Abuja on Monday.

It said that the debt may have increased by 2017 since there were no effort by the states to clear them.


FRC said the development was contrary to the guidelines of the Debt Management Office on debt sustainability.

The guidelines said that the debt status of each state should not exceed 50 per cent of the statutory revenue in the previous 12 months.

The report stated, “In the light of the DMO’s guidelines on the Debt Management Framework, specifically, sections 222 to 273 of the Investment and Securities Act, 2007 pertaining to debt sustainability, according to the guidelines, the debt to income ratio of states should not exceed 50 per cent of the statutory revenue for the preceding 12 months.”

An analysis presented in the FRC report, however, showed that most states flouted the directive.

In fact, the debt status of many states exceeded the debt to revenue ratio by more than 100 per cent. The analysis was based on the debt profile of the states as of December 31, 2016.

The states with the highest debt to gross revenue ratios were Lagos (670.42 per cent), Osun (539.25 per cent), Cross River (486.49 per cent), Plateau (342.01 per cent), Oyo (339.56 per cent), Ekiti (339.34 per cent), Ogun (329.47 per cent), Kaduna (297.26 per cent) and Imo (292.82 per cent).

Others were Edo (270.8 per cent), Adamawa (261.96 per cent), Delta (259.63 per cent), Bauchi (250.75 per cent), Nasarawa (250.36 per cent), Kogi (221.92 per cent), Enugu (207.49 per cent), Zamfara (204.91 per cent), and Kano (202.61 per cent).

The debt to net revenue ratio of the states put some of the states in even more precarious situations. The debt to net revenue of Lagos, for instance, is 930.96 per cent, while that of Cross River is 940.64 per cent.

The only states whose debt did not exceed the 50 per cent ratio by more than 100 per cent are Anambra, Borno, Jigawa, Kebbi, Sokoto, Yobe and the Federal Capital Territory.

The debt to revenue ratio is very important in debt analysis as it can give an indication of the capacity of the debtor to service and repay the debt.

However, the FRC noted that it should not be concluded that a state had over-borrowed because its debt to revenue ratio was more than 50 per cent.

The report stated, “It should be noted that the fact that some states exceeded the threshold of 50 per cent of their total revenue is not an indication that they over-borrowed as the debt limits of the governments in the federation are yet to be set.

“Furthermore, only total revenue is used for the foregoing analysis as comprehensive data on the states’ Internally Generated Revenue were not available. In any case, the IGR on the average is not more than eight per cent of the states’ total revenue except for Lagos State. In essence, the non-inclusion of the IGR may not distort the result of the analysis.

“Therefore, there is a need for each of these states to work towards bringing their respective consolidated debts within the 50 per cent threshold of their total revenue in order to guarantee a general public debt sustainability in the country.”
https://www.google.com.ng/amp/dailypost.ng/2018/03/20/debt-status-36-states-nigeria-revealed-see-details/amp/

investnow2013:
Mobile Network Airtel Launches 4G Data Service In Anambra State

By Ndubuisi Olinya

Mobile telecommunications provider Airtel today formally launched 4G data services in Anambra State.

Speaking at the launch, Oladapo Dosunmu, Regional Operations Director said the unique thing about the service is that it works.

He said the roll-out covers Onitsha, Awka, Nnewi, Aguata and other major cities in Anambra State.

Dr. Charles Nwufor who represented the Deputy Governor, Dr Nkem Okeke praised the company for investing in 4G technology saying it will help improve business and other services in the state. He charged them to always put customers first in their operations.

Newton Jibunoh, Founder of the NGO, FADE, (Fight Against Desert Encroachment) appealed for more coverage of the 4G services to cover those in the rural communities.

MD/CEO of Anambra Broadcasting Service (ABS), Nze Uche Nworah while commending Airtel for introducing 4G services in Anambra State called on other telecom networks to consider upgrading the networks too lamenting that the South East have suffered and currently lag behind in the 4th industrial revolution as a result of epileptic data services by some of the telecom operators.

nnamdijonathan:
IVM vehicle used in Genevieve's Lionheart movie

AmericanQuarter:
Senator Victor Umeh Gives Ten Million Naira Scholarships to Over One Hundred Indigent Students

By Daniel Ezeigwe

Over one hundred indigent students today got a huge support to their educational dreams as the Senator Representating Anambra Central at the National Assembly, Senator Victor Umeh gave them session-long scholarships totalling ten million Naira, to run their various academic programs.

The beneficiaries numbering over one hundred and eighteen, were drawn from post-primary, tertiary, post-graduate program, with each receiving extra book purchase stipend.

The Senator Victor Umeh Scholarship Scheme, an annual program that has been in existence for over ten years, aims to sustain the strong wavelength of education in Anambra State by driving even grassroots participation in the process.

hammer6F:
Enyi, Is Dr Maduka seriously interested in the Governorship of Anambra?

A man that put such a skyline in Anambra might just convince me to drop Soludo, same way i dropped Ifeanyi Ubah for Bianca.