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I’m not very good in Economics and all that but what I think is the South West states are given more loans just cause they have the ability to pay back (the IGR like you stated). Take for example, if the bank wants to borrow you money, they check your financial history and your ability to pay back. In conclusion, you may be wrong about SW states being overrated.

No

They borrow because the IGR is a hoax. Don't forget they also lead in FG bailout fund debt and has more numbers of States that cant survive without FG allocations according BudgIT

I am OK with a BAT as my president so long the saint mickey Pandora criminal Peter Obi is never allowed near the office of the presidency.

JayPeeOham:
How can an animal like a BAT be my PRESIDENT... When we have LIONS in this country?.
How do I explain this to my children?

bomb24:


Their under-development cannot be over-emphasised....

Their region is the least developed.

Poverty has transformed into a physical form in yoruba-land; apparently they know this.

Every region in Nigeria needs help but SW is something else.

Their villages are something else

bomb24:


Afonja bubonic E-rat with their stupid senile opinions as usual...

U have what it takes to repay the loans and yet there is an outrageous growth in your debt stocks...lol

South east isn't economically viable and yet only rivers, Anambra and lagos' being a melting point for all ethnic groups can fund it own budget successfully.

Don't mind them the only thing they onto is Lagos...As if left for them,Lagos will see any light.

bomb24:


Afonja bubonic E-rat with their stupid senile opinions as usual...

U have what it takes to repay the loans and yet there is an outrageous growth in your debt stocks...lol

South east isn't economically viable and yet only rivers, Anambra and lagos' being a melting point for all ethnic groups can fund it own budget successfully.

This conversation is obviously beyond your mental pay grade obviously from the your response...... I won't roll in the mud with nyamiri pigs this Monday morning.

OFFICIAL336:

Yorubas don't take responsibility and you guys lie a lot

Why not check the top 10 States in fiscal responsibility. Thanks for the internet, everyone is seeing through Yoruba lies.

Anyway that is not the argument. Why is SW heavily indebted despite claiming to generate the highest IGR

The tribe known to lack responsibility is igbos.... always blaming their external problems on others asides themselves. Also ask your stupid self why the United States is one of the most heavily indebted countries yet has a high GDP...... thriving societies are built on credit.

Lagosians will pay for tinubus campaign give or take , lol

efrebor177:
Adsence account for sale: contact info.fremigr@gmail.com

Just sent you a mail

Ordinarily, Lagos should be a tourist attraction if there's probity and accountability. Who would ask baba sope?

Mooh247:
Small peanut

Lagos makes 30 billion monthly and 360 billion only on just Lagos Inland Revenue Tax

so u will borrow 2m cos u are paid 2.5m a month
u guys are just plainly stupid

OFFICIAL336:
Check through all the SW states and see the heavy amounts they are borrowing yet they claim to be leading in IGR.

You can't claim to be leading in IGR yet you borrow like a broke drunk and there is no meaningful development in your state.

Ebonyi debt is 42 billion while Ekiti is 106 billion.

SOUTH WEST

Ekiti 106 billion

Lagos 659 billion

Ogun 233 billion

Ondo 64 billion

Osun 135 billion

Oyo 143

TOTAL = 1.34 trillion

Average debt per state = 223.3

SOUTH EAST

Abia 95 billion

Anambra 56 billion

Ebonyi 42 billion

Enugu 69 billion

Imo 205

TOTAL = 467 billion

AVERAGE = 93.4

South West is criminally overrated

Foolish people from your deserted region will still struggle and make sure you get to the region before your life can be meaningful..
Shame.

Mooh247:
Small peanut
Lagos makes 30 billion monthly and 360 billion only on just Lagos Inland Revenue Tax

So why is Lagos such a gutter ghetto without water and no free education for all children?
Why is that so

itubaba001:
Lagos, the commercial hub of Nigeria, has been ranking as one of the worst places to live in the world for the nine straight years, a BusinessDay analysis shows.

Data from the 2019 Global Liveability Index published by the Economist Intelligence Unit (EIU), the world’s leader in global business intelligence, shows the city has been within the range of 137th-139th position out of a total of 140 cities in the world from year 2011-2019.
Last year, Nigeria overtook India as the country with the largest number of people living in extreme poverty, thereby becoming the world capital of poverty, according to the Brookings Institute. This year, the number has risen to 91.6 million from 87 million in June 2018. Every minute, six Nigerians enter the group of extremely poor people, according to the World Poverty Clock.

Economic experts have blamed the rising population of Lagos putting more pressure on the available resources, low level of government reforms and rising poverty rate.

https://businessday.ng/uncategorized/article/lagos-ranks-amongst-worst-cities-to-live-in-for-nine-straight-years/

Mooh247:
Small peanut

Lagos makes 30 billion monthly and 360 billion only on just Lagos Inland Revenue Tax

Of course, Lagos makes 30 billion monthly of which 20 billion goes to the father of Lagos!

BSdetective:


This conversation is obviously beyond your mental pay grade obviously from the your response...... I won't roll in the mud with nyamiri pigs this Monday morning.

Afonja zombified idiot, u can keep decieving yourself...

Your states are heavily indebted with nothing to show for it! ass-hole.

Vireani79:


so u will borrow 2m cos u are paid 2.5m a month
u guys are just plainly stupid

The stupid one. Here is anyone who doesn't understand credit worthiness and leveraging

Dangote is a Billionaire and stilll heavily in debt... Only logical people would know aplainly stupid idiot can't

Someone has to pay for Tinubu's presidential campaign

BSdetective:


The tribe known to lack responsibility is igbos.... always blaming their external problems on others asides themselves. Also ask your stupid self why the United States is one of the most heavily indebted countries yet has a high GDP...... thriving societies are built on credit.

Yorubas hate to take responsibility. They can never take responsibility.

Please compare US debt profile with SW and stop disgracing your generation

I hope you are not in any way insinuating that SW is a thriving society?

The region with the ugliest village in the south

Read Below

OFFICIAL336:

Yorubas hate to take responsibility. They can never take responsibility.

Please compare US debt profile with SW and stop disgracing your generation

I hope you are not in any way insinuating that SW is a thriving society?

The region with the ugliest village in the south

Illiterate ipig. Usa is the most indebted country in the world owning trillion of dollars despite having highest gdp same with sw. Face your sad yeast

Nisiw365:
Illiterate ipig. Usa is the most indebted country in the world owning trillion of dollars despite having highest gdp same with sw. Face your sad yeast

We can see the reasons for that huge debt, can you tell us what is obtainable on Sad Waste?

Brown roofs and poverty.

The most corrupt state with no accountability is Ogun state follow by bayelsa

These two state borrowed N204billion andN159billion respectively with no development to show for it
Ogun state is in shambles with no good road except it capital city , same with bayelsa

OFFICIAL336:
Check through all the SW states and see the heavy amounts they are borrowing yet they claim to be leading in IGR.

You can't claim to be leading in IGR yet you borrow like a broke drunk and there is no meaningful development in your state.

Ebonyi debt is 42 billion while Ekiti is 106 billion.

SOUTH WEST

Ekiti 106 billion

Lagos 659 billion

Ogun 233 billion

Ondo 64 billion

Osun 135 billion

Oyo 143

TOTAL = 1.34 trillion

Average debt per state = 223.3

SOUTH EAST

Abia 95 billion

Anambra 56 billion

Ebonyi 42 billion

Enugu 69 billion

Imo 205

TOTAL = 467 billion

AVERAGE = 93.4

South West is criminally overrated

And in your mind, you've said something reasonable, I bet you're feeling like Einstein now, basking in ignorance yet so confident and loud
Make your research or be very sound on any topic you want to talk about
If not you go continue to dey fall una village
people hand.
Go research on how debt in governance works, even normal debt
Then Come back and delete this nonsense, It's embarrassing

Nisiw365:
How is that your business

To put an end to PooPoocracy is every Nigerians business, Mai bloda..

Sergio101:
South West rate of borrowing is alarming.

Yolloba people....... please dey reduce hand.
Although ain't surprised, if you get Yoruba neighbor or girlfriend....... you go really understand

I understand what you're saying. Adekunle my neighbour can borrow for Africa. He borrows to show off....party, Ashoebi, cars, this and that..

Na their way. It's in their DNA.
I don't mean any insult though.

Bia...Mode don't try any nonsense to ban me o, or else Amaioha will do the needful on you.

Actually, the most indebted states (Lagos, Ogun, Rivers Akwa Ibom) are amongst the leading state in terms of Infrastructures

davodyguy:

Yes, by your logic, the entire gross earning should be used to service debt and not fix infrastructure (capital expenditure) and salaries recurrent expenditure?

Lagos is not doing well if you compare debt to income.

If Lagos generates ₦460 billion from taxes (LIRS) collects all income for LASG.

Salaries alone for Civil servants is about ₦10 billion a month. Political appointees gets paid, Alphabeta, takes their share etc.

At the end of a fiscal year, Lagos State will not break even, that is why they have to still borrow and now owe close to ₦1trillion.

What Lagos is earning in a fiscal year is less than what they spend

bro are you still in new Zealand?

Mooh247:



Small peanut

Lagos makes 30 billion monthly and 360 billion only on just Lagos Inland Revenue Tax

Many don't understand how credit worthiness works or the power of leveraging


.

So just because you make money and have credit worthiness doesn’t mean you should amass your self with debt. Good debt or bad debt, debt is debt

OFFICIAL336:
Check through all the SW states and see the heavy amounts they are borrowing yet they claim to be leading in IGR.

You can't claim to be leading in IGR yet you borrow like a broke drunk and there is no meaningful development in your state.

Ebonyi debt is 42 billion while Ekiti is 106 billion.

SOUTH WEST

Ekiti 106 billion

Lagos 659 billion

Ogun 233 billion

Ondo 64 billion

Osun 135 billion

Oyo 143

TOTAL = 1.34 trillion

Average debt per state = 223.3

SOUTH EAST

Abia 95 billion

Anambra 56 billion

Ebonyi 42 billion

Enugu 69 billion

Imo 205

TOTAL = 467 billion

AVERAGE = 93.4

South West is criminally overrated

Anambra has one of the highest external debt.