₦airaland Forum

In March, Lagos was indebted to the tune of N929.41 billion. It thus increased its debt profile by N43.42 billion in three months. The same scenario is witnessed by the Rivers state government, which increased its debt profile from N232.58 billion to the current N389.2 billion.

In a simple language, this write up is trying to expose that lagos owes external debt in dollar equivalent of N2tn ($1.2b) and another N1tn in domestic debt totaling N3tn ) no amount of viability can justify this. The state is deep in debt And mess hence, that shows that it has not enjoyed good leadership overtime despite all the hype of IGR bruhaha.

https://guardian.ng/business-services/nigerias-external-debt-hits-42-9-billion-states-account-for-11/

The generation that will pay those debts are not yet born.

CoronaVirusPro:
The generation that will pay those debts are not yet born.

Seriously

CoronaVirusPro:
The generation that will pay those debts are not yet born.

You mean Tinubu created a debt profile for Lagos State that the generation who will pay it is yet unborn

Bobloco:
You mean Tinubu created a debt profile for Lagos State that the generation who will pay it is yet unborn

They say na him be the builder of Lagos na

Dis stooge of a gov
Where is all the money going
No good road on the whole of Lekki
No proper drainage
the commissioner for works is trying his best though

Ask them Wetin they use the money they go begin talk Peter Obi.

Lagos is a big slum compared to the amounts they borrow and generate.

State owing trillions with nothing to show for it.