₦airaland Forum

Raskimonojendor this an overkill
You don murder the rookie for his own thread in just 2 pages

U.S and top advanced countries has alot of debt but they are still the number one in infrastructure and economy.
Now compare them to countries that owes less

Anambra boy
Look in mirror and see how smart you are

Softmirror:
CHAI PERSON WEY DO YOU DIS THING NO TRY. YOU LAMENT FOR THE PAST 8 YEARS OF YOUR LIFE. YOU STILL WAN LAMENT FOR THE NEXT 4/8 YEARS OF YOUR LIFE. ABEG JUST NO COMMIT SUICIDE O INSTEAD TEAR YOUR NIGERIAN PASSPORT IF YOU HAVE ONE.

Mynd44
Rule 2 and Rule 11

Why is Lagos State your headache
You should be more concerned and worried about your state and not a state that embarks on mega and world-class projects and ensure that those projects are completed and put to use.

You should be worried about states that build sub-standard projects and make a lot of noise about them on social media.

post=122180147:
Lagos is heading to a trillion debt in domestic debt while foreign debt is now dancing in trillions in Nigeria, wonder why the state tax is skyrocketing and now red in easy doing business

Nigeria is moving though it ap matter of time if all our governors are competitive in governances all I is that in next 50 years Nigeria is going to be the one of the best in the world

post=122181163:
Most of what you posted are PPP projects

Is this handout or It won't be refunded ?

Edo....#110 billion. Hmmmmm... obaseki wetin u use money do?

Delta state's debt is second only to Lagos State, but development in the state is nothing to write home about, yet some id*ots voted PDP again 🤦🏼‍♀️!

post=122181297:
The jetties and ferries are all PPP

Don't be full of hatred ..Check the meaning of PPP first.

raskymonojendor:
Redline incoming.

Make I rest small

It's like you have time for this guy today.
Kudos.

Check the developed world debt especially European countries and USA that is when u will knw what is called debt.

Ability to use the money well is the problem not how much u borrowed. But Wike or River state try sa

Don't mind those who build a poultry farm and call it Intl Airport with noise everywhere on social media

They should be more concerned with the state of their substandard infrastructure and stop poke-nosing on other people's development and progress.

raskymonojendor:
This is going to be a wailers thread.

Let me post some pictures of Lagos on how the money is being spent.

wman:
Yeah Right.

Abia and Enugu state governors say "Hi"

You forgot to add Imo state.

Lagos State government is doing very well joor.

raskymonojendor:
More...

Why Zamfara get so much debt

opamoses1:
OP's name is but he is obsessed with Lagos and the SW..

OP. How about you focus on your state? I heard that erosion is seriously affecting you there.

75℅ of Anambra state has been washed by erosion. yet he's obsessed with Lagos state and southwest.
Anambra is meant to be competing with Imo, Enugu, Ebonyi, and Abia states. After all, they are in the same region.

olisaEze:
Despite all the stories and propaganda against Okowa, Delta State is still grateful to God the mace thief lost the guber polls! . But be like the evidence before us shows the effect of Atiku’s political rascality on the State’s finances sha.

This report was as of December 2022.
Okowa borrowed 100bn in 2023.

Creeper:
Lagos state’s debt profile is a mere 2% of its GDP and that’s very impressive.

The debt profile you posted shows Lagos and Rivers are the healthiest states in Nigeria - while Abia, Ekiti, Imo and most Northern states aren’t viable.

Remind me, how much is Lagos GDP again?

I just they wonder who will offend for this country Nigeria is a joke seriously see money way states they owe apart from the one way Nigeria itself they owe God have mercy

FireUpNow:
All Lagosians will pay it be you Ibo, Hausa or Yoruba, tax is not tribalistic. You see where the foolishness of the masses comes from? Una eyes go clear. MC Oluoma has begun the moves

Looking at just the debt is not telling the whole picture. If you have #20,000 and borrow #5000 and someone with #5000 borrowed #1000. Looking at just the loan you will say the #5000 loan is higher but when you look at the income you will know that they both have the same debt to income ratio of 20%
Excessive debt is bad for any government. However, a visionary government need loan to provide infrastructure that generate economic activities that leads to more employment for the people.

The way Anambra and Lagos state competing on social media eh. I wished the governors should try and compete like this. This is the best for democracy and development. But trust Nigerians. It's is now something else what should bring positive zeal and motivation might bring serious issues. Well, Rivers state aren't doing bad with the kind of development going on there. Woke is trying. I don't know if I can say same for Akawibom.

Cry for your state and stop taking panadol for another person's headache.
Your lies against Okowa could not stop his preferred successor from winning the polls.
Okowa has done well for his state, follow up with his activities and projects in the state to see that he's working ok.
And stop ranting.

emmyN:
Delta state's debt is second only to Lagos State, but development in the state is nothing to write home about, yet some id*ots voted PDP again 🤦🏼‍♀️!

muhammaduyusufu:
Big illiterate. The inferiority complex he has is out of this world. He started posting Anambara pictures and complaining about Osun State.

Because of the Tinubu connection.

Dijita:
Looking at just the debt is not telling the whole picture. If you have #20,000 and borrow #5000 and someone with #5000 borrowed #1000. Looking at just the loan you will say the #5000 loan is higher but when you look at the income you will know that they both have the same debt to income ratio of 20%
Excessive debt is bad for any government. However, a visionary government need loan to provide infrastructure that generate economic activities that leads to more employment for the people.

Visionary leader you say? Hmm our leaders will borrow the make the masses to suffer.

Was it Obaseki alone that borrowed this 110 billion that you claimed
Is that not the total debt of that state spanning several administrations

Some of you guy dey reason from una anus.

SledgeHammerer:
Edo....#110 billion. Hmmmmm... obaseki wetin u use money do?

Over 300 Billion and OKOWA has nothing to show in Delta State.

IS THE AUDITOR GENERAL OF THE FEDERATION DEAD?

post=122181118:
Anambra never borrow still maintain lowest debt

Rivers state has the lowest debt according to this one

No one checks fraud at the government level in the country. EFCC is just bluffing!

Akwa Ibom State Governor is not a noise maker if you want to know more about AKS,
you need to follow up with the activities, programs, and projects of the AKSG period.

machine606:
The way Anambra and Lagos's states compete on social media eh. I wished the governors should try and compete like this. This is the best for democracy and development. But trust Nigerians. It is now something else that should bring positive zeal and motivation but might bring serious issues. Well, Rivers state isn't doing badly with the kind of development going on there. Woke is trying. I don't know if I can say the same for Akawibom.

raskymonojendor:
More

Something is being done but at a very expensive rate that negates its impact on the long run.

raskymonojendor:
This is going to be a wailers thread.

Let me post some pictures of Lagos on how the money is being spent.

then what happened to the FG allocation and huge IGR?

post=122181568:
And Osun is sinking

How?
Kindly explain..

post=122181648:
See where debt has placed Lagos

The government of the west is actually wise. They barely borrow money in cash. Most states in the west can finance their salaries and all. They don't need to borrow money for that..

Now, 70% of Lagos state debts are credit debt. The on-going deep sea port for example, it's a private investment + Lagos state government. The money Lagos state government is using was a borrowed money, but not in cash. It's a credit debt. The company financing it will receive it money with interest. So Lagos state would pay it debt easily once all their projects gets started to working..

We all read how Okowa was borrowing money prior to election but you'll hardly see any SW Governor borrowing money in such manner. No, they don't need to borrow money for elections & all. Just projects..

You should be concerned about your SE states that are owing salaries, no projects and yet still owing debts..