Luckydubby7:
Hmm
Who is milking lagos

inoki247:
Ogun no suppose dey d list at all na all d money wey dem borrow dem loot dem no even use small inside du road....

adenigga:
.

debts of all the 36 states and the Federal Capital Territory Administration exceeded 50 per cent of their revenues, contrary to limits set by the Debt Management Office.

Patrioticman007:
We need more debts for capital projects, Google the debt profile of USA & see wonders.
All that matters is that those debts are used judiciously for infrastructural development of the state. Debts & state growths are 5 & 6.

Patrioticman007:
We need more debts for capital projects, Google the debt profile of USA & see wonders.
All that matters is that those debts are used judiciously for infrastructural development of the state. Debts & state growths are 5 & 6.

Luckydubby7:
Hmm
Who is milking lagos

Patrioticman007:
We need more debts for capital projects, Google the debt profile of USA & see wonders.
All that matters is that those debts are used judiciously for infrastructural development of the state. Debts & state growths are 5 & 6.

Vaughanlanrewaj:
Debts incurred for long term infrastructures makes sense but to borrow on a regular basis to pay salaries and fund security votes of governors is a no-no for me.
In Lagos, we have a few landmark large-scale public infrastructures that are being funded with debt. I have a feeling that some of these projects are denominated in foreign currency thereby causing the cost to rise as naira falls.
Most importantly, government need to price it's project well because it seems some of our price variation with same projects elsewhere always makes ours far more pricey making me to wonder.

BigSarah:
There's the IGr, I smell it just can't see or feel it.

Militant30:
That means that Rivers State is doing well both in infrastructure and debt management.

Boye33:
Lagos debt status is quite understandable, at the end, the investments in the eko Atlantic city, lekki free trade zone and Dangote refinery would spike up revenue in the state.

Patrioticman007:
We need more debts for capital projects, Google the debt profile of USA & see wonders.
All that matters is that those debts are used judiciously for infrastructural development of the state. Debts & state growths are 5 & 6.

Boye33:
Lagos debt status is quite understandable, at the end, the investments in the eko Atlantic city, lekki free trade zone and Dangote refinery would spike up revenue in the state.
.

What I don't understand is what Osun state is looking for in number two.
That state should have declared bankruptcy by now, with the way things are going, their debts would go higher than Lagos with no feasible plan of repaying and not much economic activity going on.
.

I can't remember when I even read a news piece from the state. It appears the current governor Oyetola who was thought to bring succor due to his economic background is just sitting around, borrowing money and paying salaries.

eedimo:
I'm not surprised with Cross River being there because the kind of Digital Governor we have there it's something else.

By the time Ayade would be done with Cross River ... God would not allow what I'm thinking to happen.

adenigga:
.

https://m.punchng.com/Debts-exceeded-revenues-in-Lagos-Cross-River-FCT-others-FRC

seyz91:
you

nitrogen:
USA has debt to revenue of 700 percent, same with other developed countries.

The right metric is debt service to revenue. If you can service your debt close to two times in one year especially in a low interest rate environment, no qualms at all.

Of course, judicious use of debt is encouraged.

Boye33:
Lagos debt status is quite understandable, at the end, the investments in the eko Atlantic city, lekki free trade zone and Dangote refinery would spike up revenue in the state.
.

What I don't understand is what Osun state is looking for in number two.
That state should have declared bankruptcy by now, with the way things are going, their debts would go higher than Lagos with no feasible plan of repaying and not much economic activity going on.
.

I can't remember when I even read a news piece from the state. It appears the current governor Oyetola who was thought to bring succor due to his economic background is just sitting around, borrowing money and paying salaries.

Boye33:
Lagos debt status is quite understandable, at the end, the investments in the eko Atlantic city, lekki free trade zone and Dangote refinery would spike up revenue in the state.
.

What I don't understand is what Osun state is looking for in number two.
That state should have declared bankruptcy by now, with the way things are going, their debts would go higher than Lagos with no feasible plan of repaying and not much economic activity going on.
.

I can't remember when I even read a news piece from the state. It appears the current governor Oyetola who was thought to bring succor due to his economic background is just sitting around, borrowing money and paying salaries.