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Nairaland Forum / Nairaland / General / Politics / States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years (13138 Views)
Only 3 States Generate IGR More Than Allocation From FAAC — Dr Ayawei / A Bill To Allow States Generate Electricity Passed By House Of Representatives / Ondo Records Fastest IGR Growth As Nigerian States Generate N1.1tn In 2018 (2) (3) (4)
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Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Enormous81: 7:33am On Sep 10, 2021 |
Emu4life:To embezzle na Lol |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Truthissupreme: 7:36am On Sep 10, 2021 |
blackpanda:enough to generate #15billion in June when the headquarters of north is generating 2billion Over 100% dwarfing on kano 2 Likes 1 Share |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by vedaxcool(m): 7:37am On Sep 10, 2021 |
michlins: Gbamsolutely, many states are not generating vat but think na only North go shout when shit hits the fence. |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by TrebleChamp(m): 7:39am On Sep 10, 2021 |
TheRareGem1:Lagos got N523.63bn from FAAC, raised N1.84tn internally, and borrowed N290.24bn domestically. Omo Lagos State internally generated rev is massive. Just see how much the Northern State got, as against what they generated. God bless Gov Wike for this revenue revolution..... |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by jyz200(m): 7:39am On Sep 10, 2021 |
This purely injustice and its defy the principle of equality Look at LAgos , ogun and river ,they got far low from what they are generating Why most northern state get double and even triple of what they are generating That's unfair |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by DigitB: 7:42am On Sep 10, 2021 |
michlins: Fiscal federalism will force governors ( especially the idi.ot that left out dear Enugu state in the hands of God) to seek ways to generate more income for their state, by building industries and other investments. Surely we will feel the pains for some time but later we will see the benefits. 2 Likes |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by OlamusConsult(m): 7:43am On Sep 10, 2021 |
Kogi raised N65.89bn, borrowed N26.06bn, and got N227.42bn from FAAC. Osun raised N68.59bn, got N95.05bn from FAAC, and reduced its debt by N10.59bn This means osun state government isn't doing so bad.. This change my perspective.. He has actually reduced the debt 8 Likes 1 Share |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by jneutron4000: 7:45am On Sep 10, 2021 |
FIRS should F off, allow state to have full control over their Internal generated revenue, VAT and their resources, any state of the Federation that is not generating enough to run their state will be motivated to work hard and build their economy. This current system breeds laziness 5 Likes |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by daddytime(m): 7:47am On Sep 10, 2021 |
Most governors will now reference this list to go on a borrowing to catch up with other states with a higher borrowing total. Them dey like this kind negative competition well well. 1 Like |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by InHeaven(m): 7:47am On Sep 10, 2021 |
This is expository. States Should control and fend for themselves. Their Should be troue federalism, let there be competition among States |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by infocabal(m): 7:49am On Sep 10, 2021 |
There is something fishy about this analysis.I Already the allocation favors the northern states with Kaduna being the only exception |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by lilyheaven: 7:49am On Sep 10, 2021 |
michlins: I believe this is a great step, next government that will be coming will be preparing their Mind on how to create revenue in their various states, instead of thinking about about how to pocket federal allocation money. Because there will be no money to pocket. |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by richidinho(m): 7:51am On Sep 10, 2021 |
michlins: You are not smart all, may be because you think igbo people are your real problems Check the FAAC for Ogun state and that of Yobe state What in this life do you think will make Yobe receive more money from FAAC than OgunState? Please make the explanation very elaborate 5 Likes 1 Share |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by zionstaar75: 7:51am On Sep 10, 2021 |
Which one be your own,it is wrong FG to take care of any state in true federalism.any state that cant take care of itself should be scrapped.let every state develop at thier own pace. blackpanda: |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by yusluvad(m): 7:53am On Sep 10, 2021 |
Don't them... Truthissupreme: |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Hope15: 7:54am On Sep 10, 2021 |
Is it not only Osun State that even dared to reduce her debt burden? Virtually everyone is on borrow borrow... |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by richidinho(m): 7:56am On Sep 10, 2021 |
vedaxcool:This issue is not about that, the bone of contention is Why will a state like yobe get more money from FAAC than Ogun State? |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by tollyboy5(m): 7:58am On Sep 10, 2021 |
blackpanda:Let federal government stop embezzlement of oil money lawyers salary will be paid by state. You can't say because of v.a.t you'll stop paying lawyers. Kuku stop collecting oil money and let's see what will happen 4 Likes 1 Share |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by poiZon: 8:06am On Sep 10, 2021 |
TheRareGem1:So if u r from benue but was born and bred in plateau state, live and work and pay taxes in plateau, u will leave ur state of residence n start monitoring where ur tax isnt collected? Federal govt controls virtually everything from security to finance and power. What we should be clamouring for is for revolution of power from the centre so people like u wont come and distort facts and figures with unnecessary sentiments. When Gej was there, everybody were accusing himfor states frailty and failures to pay salaries meanwhile they were collecting monthly allocation. But now u want us to start asking and monitoring state govrs and leave the fed govt, talk of an hypocritic demon. |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by tamdun: 8:09am On Sep 10, 2021 |
richidinho:I don't think he'll answer that, he thinks he's smart 1 Like |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by poiZon: 8:12am On Sep 10, 2021 |
michlins:With ur assertion we need only 4 states in Nigeria, lagos and the 3 others right... Those states have minerals that havent yet been tapped and harnessed. They have lands, they have human power, malaysia dont have oil, norway or iceland doesnt have crudeoil, but they r countries with better gdp than some countries with oil. Lagosis viable today cos it houses 99 percent of Nigeria's port. If calabar, onne or bonny, and ibom deepsea port come on board, lagos revenue will fall. |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by sylve11: 8:15am On Sep 10, 2021 |
TheRareGem1: Hmmmm Well, the figures you saw there are what they want you to believe. Even if suggestions are right, let every state get everything they generate and give to FG what each state so desire. |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by lexy2014: 8:18am On Sep 10, 2021 |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by caleboxylic: 8:20am On Sep 10, 2021 |
michlins: Do you know what VAT means. For now ,our VAT is paid centrally but it will change henceforth. Every state will collect VAT based on goods consumed in their states and east and north will do well here. It will favour all states but the VAT for ogun and Lagos will be reduced with no significant effect. 1 Like |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by michlins(m): 8:20am On Sep 10, 2021 |
richidinho:I'm Igbo man like you. How much does the whole SE contribute to the FAAC. Most of you guys don't understand the real problems of Nigeria. All you care about is what will paint APC and Buhari black. They're utter failures but the system is totally wrong. Moreover it's Igbo man that brought this current system of government |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by Nobody: 8:23am On Sep 10, 2021 |
Every state has arable land. The commonest product is food. Go to farm, money dey there. Those selling cattle N400,000. Is that not a business ? Each state should collect VAT from business in their territory. This will make Governors to sit up and create wealth for their people. Collecting VAT on point of goods importation into the country is not a good one, if it is not the current status quo. VAT is consumption tax; goods imported into Nigeria should not pay VAT at the ports b4 clearing because not all of them will be consumed/retailed inside Lagos. If one imports raw materials through Lagos port and pay VAT on it, when it has not been processed into finished products. Talkless of distributing it to the consumer. Lagos should be guided. Consumption tax is not paid at PORT OF ENTRY. Consumption tax is paid when goods and services have been sold or transferred to an end user. VAT is charged on SELLING PRICE. 2 Likes |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by richidinho(m): 8:26am On Sep 10, 2021 |
michlins: I'm not even an igboman, but i just needed to know, what you are saying is that Yobe contributes more to FAAC than Anambra or Ogun, have you been to Yobe before? 3 Likes |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by michlins(m): 8:29am On Sep 10, 2021 |
richidinho:I don't know what each state contributes but I know that about thirty two states in Nigeria can't run without the federal government allocations |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by IMASTEX: 8:32am On Sep 10, 2021 |
blackpanda:You can't be married just because your siblings are married without been ready to face the responsibility. It doesn't make any economical sense to exist as a state when truly they should be a local government area. Paul can't be working while peter keep feeding fat with the lion share simply because they belong to the region that is considered as a less privilege states. This is the main reason the structural work of the country should be revisited. The fg can't keep functioning as fg, state and LGA as the same time. 1 Like |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by caleboxylic: 8:34am On Sep 10, 2021 |
blackpanda: The restructuring is coming small small. For us in the east, we will expand our automotive industries ,manufacturing base and collect sales on gas and oil. We will see how your northern states will survive. I pity your sokoto and katsina states bc they will be worst hit . |
Re: States Generate ₦5.30, Get ₦10.19, Borrow₦1.84 Trillion In Five Years by richidinho(m): 8:34am On Sep 10, 2021 |
michlins:Nobody is stopping FAAC allocation, after all we are still selling crude oil, only Vat will be pulled out from the Faac |
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