₦airaland Forum

Abia, Imo, Yobe, Zamfara and Plateau States borrowed to sustain their recurrent and capital expenditures.

BudgIT disclosed this on Tuesday in its recently released State of States report.

The report reveals that the combined Internally Generated Revenue, federation allocation and other fund sources in Abia, Imo, Yobe, Zamfara and Plateau cannot sustain their recurrent expenditure.

The recurrent expenditures include salary payments, pensions, gratuities, service-wide votes, and overheads.

“Five states—Abia, Imo, Yobe, Zamfara, and Plateau—did not raise enough total revenue (their combined IGR, federal allocations, and grants) to cater to their recurrent expenditure. It means these states resorted to borrowing to manage some parts of their recurrent expenditure and capital expenditure”, the report stated.

The situation is more problematic for Abia and Imo, which consistently receive 13 per cent oil derivatives.

.ng recalls that for the first Quarter of 2022 alone, Abia, Akwa Ibom, Bayelsa, Delta, Edo, Imo, Lagos, Rivers and Ondo States received N144.31 billion from the federation allocation as 13 per cent oil derivative.

https://.ng/2023/10/18/abia-imo-three-others-borrowed-to-survive-in-2022-budgit/

How about Anambra, when a state dey generate only 2billion every month, no be by borrow dem dey take survive?.. And our ipob brothers go still dey insult SW ontop say na for there dem dey waka enter take dey survive. The little revenue wey never reach SW people to even manage, una go still dey follow dey grab with dem. I no dey blame SW and the North because the population pressure too much.

Na wah oh! See a thread created by a Igbo-hater, referencing only Igbo states in a report that included ALL the states in the country…..and then we have only his fellow obsessed, Igbo-hating bigots commenting and driving the useless thread!

Indeed, there must be something special about a people who’re busy minding their own business while embittered twerps are having sleepless nights on their matter!

Pakute:
How about Anambra, when a state dey generate only 2billion every month, no be by borrow dem dey take survive?.. And our ipob brothers go still dey insult SW ontop say na for there dem dey waka enter take dey survive. The little revenue wey never reach SW people to even manage, una go still dey follow dey grab with dem. I no dey blame SW and the North because the population pressure too much.

And you avoided Ekiti, Osun, etc.
Have your messiahs not been heavily borrowing for years l now to keep Nigeria going?

Supreme court governor and the erstwhile Ikpeazu

Pakute:
How about Anambra, when a state dey generate only 2billion every month, no be by borrow dem dey take survive?.. And our ipob brothers go still dey insult SW ontop say na for there dem dey waka enter take dey survive. The little revenue wey never reach SW people to even manage, una go still dey follow dey grab with dem. I no dey blame SW and the North because the population pressure too much.

Anambra is not in the same league with any of your state. Mention your state.

Smithkafors:
Anambra is not in the same league with any of your state. Mention your state.

Anambra and Ogun state ?


How many companies dey Anambra ?

Nonsense. Nigerians should stop consuming stupidity from the press in the name of news without asking questions.

When is assumption a news? You didn't specify the amount those States borrowed or how those States (less debt btw) borrowed more than Rivers, Delta and Lagos States to sustain the government.

did not raise enough total revenue (their combined IGR, federal allocations, and grants) to cater to their recurrent expenditure. It means these states resorted to borrowing to manage some parts of their recurrent

Ola9ja23:
Anambra and Ogun state ?


How many companies dey Anambra ?

You realise Anambra has huge GDP than Ogun ?