₦airaland Forum

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chuna1985:
Respect urself.



http://www.informationng.com/2015/04/lagos-leads-nigerias-most-indebted-states.html

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Ambode Inherits N418.2 Billion

http://www.thisdaylive.com/articles/ambode-inherits-n418-2-billion-debt-burden/210573/[/quote]

I inherited N636bn debt – Okowa


ASABA—DELTA State governor, Dr Ifeanyi Okowa, yesterday, decried the financial position of the state and disclosed that the government had over N636 billion debt, including contractual obligations, to contend with in the next three years.

http://www.vanguardngr.com/2015/06/i-inherited-n636bn-debt-okowa/

You really need to keep quiet...

chuna1985:
See u foool ooo, So we should believe a governor's speech than CBN based on Nigerian states n their debt

Lagos has the highest debt in nigeria as released by CBN, And ur here trying to prove that a state with very small debt owes 600 billion I fink ur Yoruba.

Ode. Who took the money?

Who consumed and is saddled the debt?

The CBN?

Or in your moronic and idiotic world, the delta state governor is lying about what he inherited?

I inherited N636bn debt – Okowa


ASABA—DELTA State governor, Dr Ifeanyi Okowa, yesterday, decried the financial position of the state and disclosed that the government had over N636 billion debt, including contractual obligations, to contend with in the next three years.

http://www.vanguardngr.com/2015/06/i-inherited-n636bn-debt-okowa/

STFU if you have nothing sane and sensible to talk about...

chuna1985:
Na madness de worry u

CBN has already told us the debt of all Nigerian states n Lagos has the highest debt, Lagos owes over 30 percent of Nigeria's debt.

Olodo, the new state governor openly revealed almost the same amount of debt he inherited so please tell us the delta state governor is APC.


Abeg shut up...

Whynotthetruth:
...“Perhaps the Vice President-elect avoided the details so as not to expose the fact that the APC controlled Lagos state has both the highest external debt stock of $1,169, billion as well as the highest domestic debt stock of N278, 867 billion.

https://www.nairaland.com/2336408/apc-controlled-lagos-state-both

http://www..com/talk/topic,173274.0.html

Olodo Villager...

Ambode Inherits N418.2 Billion

http://www.thisdaylive.com/articles/ambode-inherits-n418-2-billion-debt-burden/210573/

N773 - 418 = 335


When you minus Lagos state's N418 billion from Delta's N773 billion, you get N335 billion

Meaning Delta state owe N335 billion more than Lagos state.


Your job is nbow to show us what the people of Delta got for the largest debt in Nigeria.

Please don't come back with another idiotic and unintelligent post.

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yanabasee:
OP....SHATAP! We're wailing for CHANGE not MEDIA Propaganda.... Tell Amaechi to go and face his tribunal....

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This thread is not for unintelligent villagers...

Lagos state with the largest infrastructure upgrades in Nigeria and the second largest workforce in Nigeria owe N418 Billion.. We have proof on the ground per what Lagos state did with their debt, but exactly what did delta state did. With the largest state debt in Nigeria, IGR, allocations and derivations?

What exactly?

Delta State faces perpetual deficits as debt now N773bn ...


[b]Nigeria’s oil rich Delta State is deep in debt, as N773 billion in outstanding liabilities from the previous administration, along with monthly expenditure which far outstrips earnings, leave the state with prospects of perpetual deficits.
The 40 percent slump in oil prices has reduced the state’s monthly revenue from the Federation Account to an average of N10 billion a month.

When states and local governments irrevocable bond servicing expenses are stripped out, net receipts from the Federal Accounts Allocation Committee (FAAC) and Internally Generated Revenue (IGR) fall to an average of N7.2 billion per month, according to documents seen by BusinessDay.

Delta state’s total expenditure of N16.3 billion a month (comprising of personnel costs, statutory transfers and other recurrent expenditure) means the state currently runs a monthly deficit of N9.1 billion.
This is compounded by N773 billion in outstanding liabilities owed to contractors, bond creditors and banks.
The state’s precarious fiscal position is making it difficult for the newly elected governor, Ifeanyi Okowa to fulfil campaign promises or govern effectively, according to sources.[/b]

States like Delta should boost taxes to cushion the dwindling allocation from the centre, enact more market friendly policies and be run more like economic units as opposed to political appendages of the Federal Government, said analysts who spoke with BusinessDay.

“This calls for hard choices and politically unpopular decisions. These must be preceded by effective and urgent sensitisation of the citizenry,” members of the new Governors Finance Sub transition Committee, said in its report. Documents seen by BusinessDay show that Ministry of Finance Handover Notes indicate that Delta state earned total revenue of N1.75 trillion during the timeline of the last administration (2007 – 2014), while total expenditure was N1.96trillion, leaving a deficit of about N210bn.

On the average, the level of performance of recurrent expenditure was 93 percent while Capital Expenditure was 56 percent in the time period.

Furthermore, Internally Generated Revenue (IGR) in the period was N257.65billion or about 15 percent of total revenue collected.

Nigerian states governors are powerful by African standards, with some controlling annual budgets bigger than most Sub Sahara African countries’ budgets.
okowa

Most, like Delta, borrowed heavily during the boom years to finance often bogus infrastructure projects and on political patronage. Current liabilities include N534 billion in contractor debts, N4.7 billion in external debts, pension liabilities of N39 billion, a revolving overdraft facility of N19 billion and a 7-year bond of N50 billion raised in 2011. Out of this bond value, the total actual proceed received by the state was N46.60billion, meaning total fees paid to regulatory agencies and parties to the bond was N3.40billion, representing 6.8 percent of total bond value as cost of issue.
So far, N41.44bn is reported to have been spent from the bond proceeds on the planned projects, according to documents seen by BusinessDay.

There is supposed to be a balance of N5.16 billion yet to be drawn from the bond proceeds, however the report from the Hand-over Committee revealed that only a little over N3 billion is left in the account where the bond proceed is warehoused.

The whereabouts of the difference has yet to be explained by members of the former administration. Delta state, which was part of a bailout package for states by the FG, needs a concrete plan on structural reforms, according to analysts.
“All the problems can be fixed fairly easily, but the irony is that even if one wished to help them, it would be very difficult – they don’t actually understand “governance,” said the analyst speaking off the record.

PATRICK ATUANY



http://bestcms.in/more/5944589_16/Delta-State-faces-perpetual-deficits-as-debt.html

With Delta state as the most indebted state in Nigeria with nothing to show for the huge debt, federal allocations and taxes, why are the wailers, TaNoids, biafra villagers and other enemies of Nigeria not concerned or bothered when it comes to Delta state and the huge debt generated by the PDP governors from Delta state?


Are they wailing to destroy Nigeria as usual..?

Jobless biafra villagers and enemies of Nigeria..


.

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alabiyemmy:
In fact you are just ranting all over nairaland for nothing. no sense in what u r saying

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he should simply go to court and prove his spurious allegations of corruption to court if he is sure there is corruption. “Spending resources left behind for the betterment of Rivers people by a prudent and thrifty government on frivolities is indeed irresponsible and unbecoming for a person who aspires to public office especially that of the exalted office of governor. - Chibuike Rotimi Amaechi

Now, kindly STFU.....

Both fashola and Amaechi are already ministers of the federal republic of Nigeria, the rest na formality. Ignore the self serving attention seeking clowns and wailers.

This is what you call idiotic and irresponsible response.

Instead of playing games with numbers, why not just dispute the fact that pension funds was diverted as alleged by the governor of Edo state?


Was funds diverted or not. Yes or No?

alabiyemmy:
Meanwhile you dont reason like that if he is still in PDP.

Silly argument.

Jascon4:
Very well then, let's watch as events unfold.

he should simply go to court and prove his spurious allegations of corruption to court if he is sure there is corruption. “Spending resources left behind for the betterment of Rivers people by a prudent and thrifty government on frivolities is indeed irresponsible and unbecoming for a person who aspires to public office especially that of the exalted office of governor. - Chibuike Rotimi Amaechi

That's all..

he should simply go to court and prove his spurious allegations of corruption to court if he is sure there is corruption. “Spending resources left behind for the betterment of Rivers people by a prudent and thrifty government on frivolities is indeed irresponsible and unbecoming for a person who aspires to public office especially that of the exalted office of governor.

But the useless and incompetent noise maker wont do that... His court is on the internet and newspapers..

Jascon4:
Pray tell, what could those agencies have done in the light of his constitutionally backed immunity?

Immunity prevents arrest and prosecution, but not investigation and gathering evidence to be used against him after exiting office like the same CCT did against Tinubu. Their worthless evidence was collected while he was in office and not after.

What have they gathered so far?

And Amaechi is no longer a public official, he doesn't have any immunity as we speak so why is Wike pontificating and blowing his odious mouth instead of sending whatever proof he has to the EFCC and other crime fighting agencies?


Or Wike is the EFC, CCB, the Nigerian police or the CCT? Your don't prosecute and jail on the pages of newspaper, internet or on Nairaland.

The whole rubbish is faked drama and needless distraction against the people of Rivers who he really need to be serving and providing for instead of the silly drama he started since his first day in office..

Just listen to this clown and roadside jester with his worthless support for Fayemi.

To start with, Fayemi is sailing through without your support so of what relevance is your crocodile support?

And if Fayemi wronged the state in anyway, it is still your civic and moral duty to object regardless so the rubbish about the mother killing the baby was idiotic, retarded and irresponsible.


The fool is a clown anyways so no surprise here...

alabiyemmy:
Amaechi is now a saint because he is in APC. I pity una mentality.

Of course he is a saint until you show us something in form of documentary proof or evidence that says he's not.


Until then, he is of course a saint

abiambo:
Just so u knw you ignorant mofo... the courts in Rivers state were shutdown... also the assembly became a joke as they were forced out of their assembly complex and started sitting in amechi's palour in d government house... ask anybody dat stays in Rivers state b4 u open ur mouth to say stuff u knw nothing of.

1. Was the EFCC under Jonathan's leadership shut down too

2. Was the CCB under Jonathan's leadership shut down too

3. Was the same CCT Jonathan sent Tinubu to shut down too

4. Was the DSS and SSS under Jonathan's leadership shut down too

5. Was Jonathan as the chief law enforcement officer of the federal republic of Nigeria shut down too.


No my friend, you are the IGNORANT mofo...

Kennycool1:
AMAECHI, Silent Serpent

Na superb intelligence and superior strategy

Someone asked two simple questions: why did President Buhari nominate Rotimi Amaechi for a ministerial appointment? What will he bring to the table? And we give this simple answer: Rotimi Amaechi was Speaker, Rivers State House of Assembly for 8 years. He became Governor of Rivers State afterwards, for another 8 years. He was very successful in these positions .

The little distraction and hatred only came when he fought former President Goodluck Jonathan for 'stealing' the oil well which clearly belonged to Rivers State and giving it to Bayelsa State. As things stand now, even GEJ's boy and current Governor of Rivers State, Nyesom Wike, has taken up the same fight to insist that the oil well taken from the State by his former boss, belong to Rivers State. Amaechi's fight was for Rivers State. The oil well is not and cannot be his personal property.

If you asked what he has achieved as a person, we won't go too far. He recently led a campaign (as Director-General of the Buhari Campaign Organisation) that eventually defeated an incumbent President, a no-small feat. And for the first time in the nation's history, an Opposition party became the ruling party by gaining more States, more seats in the National Assembly and the Presidency.

This alone, is an experience the young man will bring to bear in his new position as Minister.


https://scontent-dfw1-1.xx.fbcdn.net/hphotos-xpt1/v/t1.0-9/12108106_10153999818968488_6876857449917361992_n.jpg?oh=b0a8c94f180e9cbd5aaec995cf7bab79&oe=56D110BF

As the Director-General of the Buhari Campaign Organisation that eventually defeated Jona and the PDP, Amaechi the LION of the Delta practically booted Jona and his PDP out of office.

Sai Ogbeni Amaechi

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Bitterleafsoup:
What proof that he spent it on Rivers people should be the question you Change Agents should be asking!

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Olodo, you made the accusation, not me so the burden is on your to back up your accusation with facts...


Abeg keep quiet if you have nothing better to talk about...

LadyExcellency:
This bigot from hinterland shows up.

I never believe a hate machinery/mercenary can easily forget its track records.

Enemy of Nigeria, how's your bitter and bad bele market these days?

Ossyego:
Why must Nigeria people are just wicked is better this country is not excestine every body know amaechi is criminal still u side him we are still far from truth there is know way this country will move forward Beth me all of u that vote for change will cry because there will be never change with this criminals is better this country divide that's all

Who is everybody? Don't you mean the wailers and jobless losers...?

patmaine:
wike singlehandedly made amaechi governor.
U don't kno rivers politics.
wike is d grassroot man.
the godfather of rivers politics

Abeg let me know when den begin take that collect money for bank abeg...

AkwaIbomrep1:
what type of nonsense is this,amaechi shouldn't be probed he should be stoned to death or should be hanged he deserves that,stolen in billions and rendering millions of Rivers' citizens homeless, jobless & impecunious the thunder that will strike amaeshit is coming from the outer space of about 10billion light yrs, the thunder moving @ the speed of light with about 10billionKvA ...in other news...''invest in Akwa ibom ''

Akpan, the first thing your new caretaker governor in Akwa Ibom did after entering office was to borrow N10 billion which so far we have no clue what he did with the money....

Your other tin god aka akpabio spent 8 years in office and he did not complete more than 4 projects apart from the roads in uyo. he did not build 1 single classroom or 1 single hospital. Not even a good enough hospital to put common bandage on his leg before jeting to london for bandage...


Akpabio built 1 non FIFA rated football field with no boxing ring, volleyball court, tennis court, basketball court or olympic size swimming pool.


Amaechi built a sports complex with FIFA rated football field, boxing ring, volleyball court, tennis court, basketball court or olympic size swimming pool.

Akpabio did not build 1 single hospital

Amaechi built many with hundreds of health centers

Akpabio did not build 1 single classroom

Amaechi built hundreds of the best schools in Nigeria



...but, Akpabio's Akwa Ibom is the richest state and Akpabio posted the largest budget in Nigeria's history with zero school, zero hospital, zero anything.

All akpabio completed was a few roads, 1 library, 1 cinema and 1 football field.

Slap yourself and go to bed...

babaijesha1:
why do you like corrupt politicians ? People in Rivers state complain bitterly about Amaechi but you stay on the outside calling him a saint. How do you then have a clear conscience to castigate Diezani ?

Don't you mean WAILERS in River state?

Kennitrust:
amaechi is lucky that gej loose reelected bide.

Instead of throwing grenade and wasting your time on the internet with your sun washed arsenal Tshirt, dirty jeans, bathroom slippers and chinko phone, face the market your oga IKE tell you say make you dey sell...

Bitterleafsoup:
Did he save it to spend on Buhari? You people are too much!

And what proof do you have that it was spent on Buhari...... you must have pulled that out of your asssx

alaoeri:
Wike the joker someone who EFFC doesn't find wanting during Jona's administration is now indicted by his caricature panel.
Muritala Nyako & Sule Lamido were tormented in one way or the other for speaking against Jona's government while Amaechi came out clean.

lmao

.

Koburu, EFCC Wike, go arrest now. Jobless loser..

Instead of the dumb and cowardly Amaechi spent title, why not just come out and say Amaechi stole ...?

These clowns are not ready for prime time..

Amaechi made PMB's list because he passed background and security checks.. meaning no stolen money, no foreign bank accounts and so on...


Jobless temporary governor.