₦airaland Forum

PrinceOfLagos:
From buhari to jibrin to mention a few

Tinubu isn't destined to be president ,maybe it's because he's too corrupt

Truthisunique2:
every nairalander know me as number 1 Amaechi supporter

Truthisunique2:
[s]My Yoruba Muslim friend better garnish this vomit and turn it to salad

Buhari say it's going to be una supper in [/s]2023

osinbanjoisaliar:
Tinubu don already join SDP since. Him membership number na 0000419. No worri you go soon join SDP too. But as chairman talk, make you dump all this your yeye APC eyeservice for APC secretariat. Dem no want zombie baggage for SDP

PrinceOfLagos:
Definitely not Tinubu

Chei

qekng40:
It's playing out to be GEJ

But Peter Obi is my choice and millions of Nigerian's choice and he's from the PDP!

PrinceOfLagos:
Hehehehehehehehe

lexy2014:
[s]This story is irrelevant as long as it doesn't tell us how the money was used[/s]

mach7:
Hmmn, this is Nigeria. Don't write anything off.

habsydiamond:
[s]The way forward will be separation... If we can be one or act like one since the inception... Am not sure we can now.. Though every region with their own problems but the northern past are riding the other regions in every aspect and yet we are still claiming we are one... If we are one everything should be done equally in every aspects of this country but that's not the case. They are everywhere in government, in ministries and so on... Even the security problems we are combating in this country begins with them.. It as been said if u can not cater for the poor man's children, one day they won't allow ur own children to eat in peace... It's happening now.. When u give birth to multitudes of children and at the end of the day give them bowls to go fend for themselves, what do u expect in return a good citizens of the country or what[/s]

PrinceOfLagos:
This Tinubu people and hate

You see a big thief like Tinubu as saint but other people from other region you see as looters..

mach7:
Manipulation, how?

Kriss216:
Courtesy of Skullarship and Owomida schemes

Lagos, Ogun only states that generate more IGR than FAAC allocation – Report


Lagos and Ogun are the only two states out of 36 that made more Internally Generated Revenue (IGR) than the allocations received from the Federal Government in four years (2017-2020).

This was disclosed in a report by a socioeconomic research firm, SBM intelligence, titled ” Taxing Nigeria’s subnational economies to oblivion”

The firm also warned that the current condition of the states’ IGR is not healthy.


What SBM is saying about states’ dependency

The report revealed that “By 2018, Osun State had fallen off the list, as 2019 ” saw a huge positive change as Lagos, Rivers, Ogun and Delta all generated more internal revenue than they were fed by Abuja.

“By 2020, we were back to just Lagos and Ogun generating more internal revenue received from Abuja.This state of affairs indicates that almost all of Nigeria’s federating units are not fiscally healthy”

SBM warned that falling oil revenues have put states in precarious situations, leaving them unable to meet their basic obligations such as paying salaries, wages and pensions not to mention providing social services and infrastructure

“This has increased the urgency of states to increase their internally generated revenue in order to reduce their exposure to volatile and unreliable federal allocations. Due to a limited number of taxable businesses in the states, many state governments end up focusing their efforts on the same businesses that are already paying their fair share of taxes.

“In the end, this has the unintended effect of creating a harsh business environment for all and in some cases, forcing businesses to close due to overtaxation and/ or harassment,” it added.

It also warned that Nigeria’s telecoms industry is disproportionately overtaxed by states, citing Kogi State, adding that the telecommunications companies are made to pay up to 41 levies by the state government, including levies.

Some of the levies are annual right of way renewal; social services contribution; employee economic development levy; mast site premises renewal; fire service yearly renewal; payment of environmental levy; failure to submit an environmental impact assessment report; failure to register industry; failure to submit environmental audit report every two years; storage of petroleum products and radioactive materials without written permission from the Kogi State Environmental Protection Board and others.


What you should know

According to data from the National Bureau of Statistics, the 36 states of the federation including the federal capital recorded a sum of N849.12 billion as internally generated revenue between January and June 2021, which is 38.5% higher than the N612.87 billion recorded in H1 2020 and 26% higher than N673.82 billion recorded in H2 2020.

Lagos, Ogun States and FCT led the list with the highest internally generated revenue per population in the first half of 2021. This is according to analysis carried out by Nairalytics, the research arm of Nairametrics.

Lagos State recorded the highest IGR in the review period with N267.23 billion accounting for 31% of the total IGR recorded in the period under review.

The Federation Accounts Allocation Committee (FAAC), shared the sum of N725.571 billion to the three tiers of government, as federation allocation for the month of March.

States received N227.201 billion, the local government councils got N167.910 billion, while the oil producing states received N53.356 billion as derivation (13 per cent of Mineral Revenue).

Hedonini:
Audio endorsement.

Truthisunique2:
Arewanorth shut up and leave emefile alone

BannarBannar:
Based on political manipulations that has been done since June 2021, El Rufai has been the candidate they pick and Buhari most preferred candidate for presidency and all presidential noose up and down are just to fulfill all righteousness. Mark my word and quote it, El Rufai will come out at die minute and claim the ticket from all other noise maker. I won’t give details of why he is the preferred candidate online but that is what will happen. I rest my case.

DaveDGreat:
You go just open mouth waaaaa dey run dust.

When men wey dey above you dey discuss wetin pass your 2MB RAM brain, you suppose dey one side, carry pen and paper dey take notes.

Shey e go soon happen? I go like to see you cry.

Jagaban remains the sole contender for Presidency, Iragbiji Town Union