₦airaland Forum

LAGOS STATE IN 2021

Lagos State generated ₦753.5 billion in IGR and received ₦243 billion as FAAC.

Total (FAAC + IGR): ₦996.5 billion

https://twitter.com/StatiSense/status/1586030313641332737?t=egKpMf4U_E0xb5Ulafspng&s=19

LAGOS STATE IGR.....2021

Annual IGR — ₦753.5 billion
Quarterly IGR — ₦188.4 billion
Monthly IGR — ₦62.8 billion
Weekly IGR — ₦14.9 billion
Daily IGR — ₦2.06 billion
Hourly IGR — ₦86 million

https://twitter.com/StatiSense/status/1586032679874883585?t=rYBE5e7QPg7S7De2brbcNA&s=19

And the dummy want to borrow 350bn

Fkmodhi:
And the dummy want to borrow 350bn

You are the dummy here.

If Lagos can generate 700billion+ in one year, then the state can afford to borrow 350bn in a budget year so far we can see what they are doing with it.

Even America with their trillion still dey borrow let alone small Lagos.

Anambra I guess do not even generate up to 30 billion per year but Soludo already borrowed over 100billion within few months. That means Anambra does not even generate internally the money Soludo borrowed in 3 years.

But you guys are always fixated on Lagos.

tinubu is a gaol

LegendHero:
You are the dummy here.

If Lagos can generate 700billion+ in one year, then the state can afford to borrow 350bn in a budget year so far we can see what they are doing with it.

Anambra I guess do not even generate up to 120billion per year but Soludo already borrowed over 100billion within few months. But you guys are always fixated on Lagos.

Our budget for next year is N1.67trillion, only N350 billion is the deficit the loan is proposed to cover. The remaining N1.3 will be generated by LASG.

check my signature for free stuffs!

Lagos has come a long way since 1999.

From 400 million in 1999 to over 62billion monthly, that’s superb.

Now see the gap with which they exceed Federal allocation.

Only Lagos, Ogun, and Abuja generates more than they receive from the Federal allocation.

Fine, we are all Obidient.

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FreeStuffsNG:
Our budget for next year is N1.6trillion, only N350 billion is the deficit the loan is proposed to cover. The remaining N1.3 will be generated by LASG.

Exactly.

This is huge, Lagos state can even survive without monthly federal allocation

Fkmodhi:
And the dummy want to borrow 350bn

In Public Financing, the more your revenue generating ability, the more your capacity to borrow.

And 600 billion went to the drug lord's personal accounts.

Ok

Clevite:
In Public Financing, the more your revenue generating ability, the more your capacity to borrow.

How is that different from private financing?

But they just borrowed 350billion.

omonnakoda:
How is that different from private financing?

In Public Financing, because that's one of the major considering factors in eligibility for borrowing. In private (corporate) financing, I think it is more of collateral assets.

with this amount they ought to be doing 1000km of road annually. Lagos is not trying

[quote author=Clevite post=117948523]In Public Financing, because that's one of the major considering factors in eligibility for borrowing. In private (corporate) financing, I think it is more of [i]collateral assets. [/[/i]quote]

In Project Finance, the bankability of your project can secure you a loan.

And yet no proper drainages system and their roads an eyesore

And how much was taken to budillion avenue?

[quote author=DeLaRue post=117948841][/quote]Yes, you're correct. It's also a factor.

Is this not the same Lagos that children of hate n perdition claim tinubu has destroyed?

The same Lagos that is in tinubu pocket is progressing while their landlocked poverty capital of the south that is not in anybody pocket is becoming an economic desert

It’s like at this stage anything tinubu pockets will prosper,so we reasonable Nigerians are calling on tinubu to come n pocket Nigeria to prosperity


Nobody is pocketing abia but they are oweing over 13 months salary

Qtrpst4:
And how much was taken to budillion avenue?

Pele o, calculator

Ok, let's spend the money judiciously to improve the lives of Lagosians.

Money dey Lagos oo

Imagine this huge funds in the hands of Jandor & Jennifer... Dem go first run mad small

And yet they have the highest debt and still they refused to sign FOI bill so that Tinubu and his cronies can be stealing unchecked...

They should sign the FOI bill if they have nothing to hide

Cubalabloo:
And 600 billion went to the drug lord's personal accounts.

emeka must u come n embarrass your generation here?

We understand say money no dey to send u go school n peter obi don already increase tuition fee by 200% cos he believe education is not meant for people from poor homes like u but at least use common sense


If tinubu pocket 600 out of 700 then what is used for running d state?

What is used for development n infrastructure?

It’s like u people from red mud republic unplug your sense when u are about to hate

Where the money dey? Tulunbu don steal the whole money
Ole buruku

Then will borrow almost 400 billion on top of that!
Where are they keeping all these cash in Lagos!?
Few human beings have hyjacked a whole state and turned it into a cash cow!

Anambra can not generate 30 billion in a year but soludo borrowed 100 billion without any uproar, all these Nyamirin would be wailing over Lagos that generated almost 800 billion and want to borrow 350 billion naira.

How will soludo be able to repay the 100 billion he borrowed in a state that can not generate 40 billion annually? They are not concern about Anambra accruing the debt their next generation may not be able to pay but these bastards are all fixated on Lagos.

This is the reported figure...

been one of the top 7 economies in Africa then Lagos should have made at least ₦20trillion