Why are these people bragging with IGR borrowing massively? Or they borrow and pay the money into IGR account then withdrawn it again and be deceiving themselves?

Lagos and debt are inseparable

Where are all the generated IGR going, Tinubu pocket I believe

Tinubu!

SLAP44:
Tinubu!

the man and his family and friends don milk Lagos dry

Ok now

Lagos debt doesn't reflect the realities on ground in terms of development. Urchins will still defend this figure

Many people lack knowledge of governance and finance. America is one of the greatest debtors.

Ogbuefi2020:

They shout Lagos everyday not knowing their landlord is embezzling all that could have transformed Lagos from the glorified slum that it is now, to a mega city. A one-time capital of Nigeria, and home to one of the notable seaports and business Hqs since 1960, for that matter.

Eriokanmi:
Lagos debt doesn't reflect the realities on ground in terms of development. Urchins will still defend this figure

Na if you want development in Lagos then Lagos should be borrowing 10 trillion naira

Eriokanmi:
Lagos debt doesn't reflect the realities on ground in terms of development. Urchins will still defend this figure

Don't exclude the fact that Lagos recurrent expenditure is massive and there are alot of work going on several places in Lagos and some has been completed.

Lagos IGR will boom 2023 tbh.

aspher:


They shout Lagos everyday not knowing their landlord is embezzling all that could have transformed Lagos from the glorified slum that it is now, to a mega city. A one-time capital of Nigeria, and home to one of the notable seaports and business Hqs since 1960, for that matter.

The growth of Lagos was due to the yorubas living in Lagos during the colonial era.

The reason Lagos has alot of slum is because of the influx of people from other region.
Lagos is a swampy state yet people will buy canal and sandfill them with rubbish!
Na by force to build house 4 Lagos. Next they'll start blaming government for bad road. Road dey na you go build house 4 eyin OSA.

Tax, Borrow and spend!
That's all they do in Lagos state.
Tinubu and co have turned the state into a Mafiadom!
Unfortunately, tribal politics has blinded the eyes of those who should have been at the forefront confronting the Tinubu brigade responsible for this..

Aside Kaduna,the rest are Southern States for that matter

duro4chang:
Many people lack knowledge of governance and finance. America is one of the greatest debtors.

Yes with visible infrastructure to show for the huge debt. Where are the infrastructures to justify the huge debt of Lagos?

aspher:


They shout Lagos everyday not knowing their landlord is embezzling all that could have transformed Lagos from the glorified slum that it is now, to a mega city. A one-time capital of Nigeria, and home to one of the notable seaports and business Hqs since 1960, for that matter.

When you see Tinubus’ minions on here hating on Igbos’ and wanting to covet Lagos as their personal inheritance…under the guise of ‘protecting Yoruba interests’, just know keeping control of Lagos state gov’t finances has a lot to do with it! This is why they act and argue in a certain way….anything to keep others from having any kind of leverage in the governance of the state!

duro4chang:
Many people lack knowledge of governance and finance. America is one of the greatest debtors.

Yes with visible infrastructure to show for the huge debt. Where are the infrastructures to justify the huge debt of Lagos? It is even worse when you consider the huge IGR that has been generated over the years.

Great2017:

Yes with visible infrastructure to show for the huge debt. Where are the infrastructures to justify the huge debt of Lagos?

Lagos that all of you are trooping to on daily basis. Can you compare Lagos state with your state that has low debt? I know the difference is clear. Tell me why you are all running to Lagos

duro4chang:
Many people lack knowledge of governance and finance. America is one of the greatest debtors.

Tell us any urban city in Africa that is as indebted as Lagos. With N1.43t debt, interest at 22% alone will be about N308 billion per annum at .

Great2017:

Yes with visible infrastructure to show for the huge debt. Where are the infrastructures to justify the huge debt of Lagos? It is even worse when you consider the huge IGR that has been generated over the years.

Yet Lagos is the most developed state.

Validated:


Tell us any urban city in Africa that is as indebted as Lagos. With N1.43t debt, interest at 22% alone will be about N308 billion per annum at .

Can you not see the development in Lagos?

duro4chang:
Lagos that all of you are trooping to on daily basis. Can you compare Lagos state with your state that has low debt? I know the difference is clear. Tell me why you are all running to Lagos

Which Lagos am I trooping to? You must be hallucinating. I would rather live in the remotest village in the North than glorify one of the worst cities in the world to live in.

duro4chang:
Yet Lagos is the most developed state.

Developed with our oil money ( Niger Delta ).

duro4chang:
Lagos that all of you are trooping to on daily basis. Can you compare Lagos state with your state that has low debt? I know the difference is clear. Tell me why you are all running to Lagos

I will never live in Lagos. Never.

tollyboy5:

The growth of Lagos was due to the yorubas living in Lagos during the colonial era.

The reason Lagos has alot of slum is because of the influx of people from other region.
Lagos is a swampy state yet people will buy canal and sandfill them with rubbish!
Na by force to build house 4 Lagos. Next they'll start blaming government for bad road. Road dey na you go build house 4 eyin OSA.

This is not true.

How can u say this on nairaland when it is clear that we have town planners and development control workers just like they have in Abuja.

No one can go to any where and build without the permit of the govt.
Take it or leave it,the govt officials are part of the problem and not the other way round.

Most indebted has the highest IGR!!!..And agbado imbecilesss claim its a mega-shytty...spits!!

Emilokan my dear
Baba is using their money to campaign

tollyboy5:

The growth of Lagos was due to the yorubas living in Lagos during the colonial era.

The reason Lagos has alot of slum is because of the influx of people from other region.
Lagos is a swampy state yet people will buy canal and sandfill them with rubbish!
Na by force to build house 4 Lagos. Next they'll start blaming government for bad road. Road dey na you go build house 4 eyin OSA.

Lagos slum are indigenous Yoruba villages, as for colonial era, other tribes migrated to colonial Lagos before yoruba (apart from indigenous villagers)

ibechris:





This is not true.

How can u say this on nairaland when it is clear that we have town planners and development control workers just like they have in Abuja.

No one can go to any where and build without the permit of the govt.
Take it or leave it,the govt officials are part of the problem and not the other way round.

We both know how government officials are corrupt in Nigeria. Even we ourselves are corrupt.

You're building house in the wrong place but you bribe government officials just to have your house erected.
I agree government officials are part of the problem.

What I'm just saying is, those day when lesser non-indigene were in Lagos things were managed better.
So people should stop blaming government for their selfish and corrupt act.

Ogbuefi2020:

Lagos slum are indigenous Yoruba villages, as for colonial era, other tribes migrated to colonial Lagos before yoruba (apart from indigenous villagers)

No lagosian lived in swamp before and during colonial era.
Many yorubas were already in Lagos during the slave trade era.

Alaba market built on swamp is not a Yoruba dominated market.
Villages don't mean swamp and those villages are today dry land cities.

tollyboy5:

We both know how government officials are corrupt in Nigeria. Even we ourselves are corrupt.

You're building house in the wrong place but you bribe government officials just to have your house erected.
I agree government officials are part of the problem.

What I'm just saying is, those day when lesser non-indigene were in Lagos things were managed better.
So people should stop blaming government for their selfish and corrupt act.

You should also credit the economic growth to individual doing business and not Tinubu or any other governor for that matter

Ogbuefi2020:

You should also credit the economic growth to individual doing business and not Tinubu or any other governor for that matter

Yes everyone contributed to the development of Lagos ,reason Lagos is home for all.

tollyboy5:

No lagosian lived in swamp before and during colonial era.
Many yorubas were already in Lagos during the slave trade era.

Alaba market built on swamp is not a Yoruba dominated market.
Villages don't mean swamp and those villages are today dry land cities.

So indigenous yoruba village fishermen didn't live in swampy riverine areas? Benin controlled Lagos during Portuguese slave trade era before British invasion