Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) - Politics (4) - Nairaland
Nairaland Forum › Nairaland General › Politics › Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) (16353 Views)
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by Predictor3: 6:14am On Apr 18 |
ariesbull:🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by ariesbull: 6:31am On Apr 18 |
Predictor3:The South East will now be benchmarking its education system to that of Singapore. This is not a joke. Political mediocrity should distant itself from our children. They deserve the bright and progressive future we never had. Nothing else matters more than this! |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by ariesbull: 6:32am On Apr 18 |
Is Lagos not South West? Ok do you want to deny that ? Predictor3: |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by ariesbull: 6:34am On Apr 18 |
Predictor3:When you don't have apacity to pay back then you can't grow economy that's why South West States are backward in Nigeria... Remove Lagos you see backwardness Try visit villages in south West and South East and Niger Delta and compare |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by Predictor3: 6:41am On Apr 18 |
ariesbull:It is SW and the debt is majorly owed by Lagos. That's why you see a lot of development in Lagos, a Yoruba state compared to any ibo state. And in addition there's no ibo state that has the infrastructural development of Oyo state. None |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by Predictor3: 6:41am On Apr 18 |
ariesbull:Show us how the economy of the SE is bigger than the economy of the SW. I dey wait |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by Ashirioluwa: 6:49am On Apr 18 |
ariesbull:No state is better run in Nigeria. All our politicians are corrupt. The governors run the states like their household, using government funds the way they like. |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by ariesbull: 6:53am On Apr 18 |
Predictor3:This is the problem with South West Education...I didn't say SE economy is bigger .... Or larger I said development.... Let me break simple developmental economics down for you Germany has a big economy in Europe , we agree but the best countries that have beat standard of living in Europe are Luxembourg, Switzerland, Monaco and Liechtenstein... These are tiny European countries Lagos has a big economy but most people in Lagos doesn't have decent lives compared to people in Enugu or Abuja ... That's called standard of living Look at this map ,I hope you can interprete it ....South East has the lowest poor people in Nigeria while South West has the highest poor people in southern Nigeria Even NELFUND, the South East didn't apply much to it..why? They don't need to borrow to pay school fees meaning they are well off unlike South West that their youths are borrowing to pay school fees ....data don't lie! You can argue
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| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by ariesbull: 6:56am On Apr 18 |
South Eastern Nigeria is better run.... I have been to lots of region I was at Ogun ,Ijebu Ijesa and Ijebu Mushin I was like what is this Do you know there are cities in Nigeria that you don't see keke or Okada ... You don't litter and you don't even urinate in the public... One city that I saw this was Owerri and Calabar Unlike Lagos that you see people shit in public and use old danfo as trabsport ... You don't use these things in Owerri or you use danfo or those lousy old buses in East or those Mazda buses ...people no go enter Ashirioluwa: |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by Predictor3: 6:58am On Apr 18 |
ariesbull:When you don't have apacity to pay back then you can't grow economy that's why South West States are backward in Nigeria. That was what you said. You said economy, not development. Do you see why people are ignoring your thread? You Are very spurious just like you people are known for. In terms of economy and development, SE is behind SW. |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by ariesbull: 6:59am On Apr 18 |
No..don't put the blame on Lagos it is majorly Lagos ,Ogun and Osun Lagos State is the most indebted state in South West Nigeria and Nigeria overall, holding a total debt stock exceeding trillion as of mid-2025. The region is a high-debt zone, with Ogun and Osun following Lagos, while Ondo frequently reports lower debt profiles. Most Indebted States in South West Nigeria Lagos State: Holds the highest debt in the region and country, often accounting for over 50% of the zone's total domestic debt. Ogun State: Consistently ranks among the top debtors in the region, with significant domestic debt. Osun State: Notable for its high debt-to-revenue ratio and substantial domestic indebtedness. Oyo State: Maintains a high, though generally lower, debt profile compared to Lagos and Ogun. Ekiti State: Faces challenges with rising debt accumulation despite tax revenue growth. Only Ondo State: Generally reports the lowest domestic debt profile in the South West region Predictor3: |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by Predictor3: 7:01am On Apr 18 |
ariesbull:And the SW including Lagos is far more developed than SE. Or are you trying to say that Lagos is not SW? You don shoot yourself for leg |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by ariesbull: 7:02am On Apr 18 |
And they ain't paying ...money that will be used to pay back they are using it to service loans and not even paying the loans but servicing making them run higher Recurrent expenditure ... It stagnates the region .... High debts isn't good ! High Debt Service Costs: Rising debt levels, particularly foreign debt, mean that a large percentage of revenue is directed toward paying interest and principal rather than public services. As of 2025, Lagos is facing significant foreign debt service, further stretching its finances. Low Revenue Generation vs. High Debt: While states like Lagos have high Internal Generated Revenue (IGR), the growth of debt has often outpaced the growth of IGR, creating a sustainability issue. Other South-West states often struggle to generate sufficient revenue to meet even their recurrent expenditure, let alone pay off heavy debts. Over-Reliance on Loans for Projects: Some states have accumulated debt to finance "white elephant" projects, including airport projects, that have failed to generate significant revenue or economic growth in the region. Missed Development Opportunities: The debt burden has caused stagnation in critical sectors. For instance, the funds that could have been used to improve education, healthcare, and infrastructure are instead utilized for debt repayment, leading to a decline in quality of life. Predictor3: |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by ariesbull: 7:03am On Apr 18 |
South West isn't developed trust me! Remove Lagos ...travel to Ondo towns like Okitipupa, Ogun villages like Ijebu Itele, Ijebu Remo or Osun villages like Ede and Ige on your way to Oshogbo or EKITI state drive to Ado Oga we know all these things Predictor3:Keep arguing and living in delusion Data is fact and sacrosanct
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| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by BeautifulMind2: 7:04am On Apr 18 |
mascot87:Keep deceiving yourself |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by Predictor3: 7:12am On Apr 18 |
ariesbull:Is Lagos not SW again? ![]() Besides built up doesn't mean development, it simply means your tiny enclave is congested.. ![]() That's why you can't stay at home ![]() |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by BeautifulMind2: 7:12am On Apr 18 |
Tflex01:Do you know that Soludo has achieved more without borrowing a kobo since he became governor instead he he paying back loans collected by his predecessor, he is currently building industrial city which has been licensed as free trade zone and also aerotropolis which will host second Anambra airport currently ongoing, Soludo is currently dualizing trunk A roads in the state, built Fun city, two shopping malls, flyovers, Innovation District, new government house, hospitals, trauma center, ongoing ten storey five Star hotel, Pharmaceutical distribution hub, university of medical sciences etc |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by Predictor3: 7:14am On Apr 18 |
ariesbull:What do you mean they're not paying back? Where's your evidence? |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by fredoooooo: 7:25am On Apr 18 |
Abeg move to ya sad east with no debt |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by okeysoninv: 7:35am On Apr 18 |
mfm04622:Enugu IGR still dwarf Ogun. Oga leave your hamlet and travel. |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by Ashirioluwa: 7:56am On Apr 18 |
ariesbull:Better run or not, let's put that aside. Be sincere with yourself. If we start to implement China's anti-corruption rules in Nigeria today, can you name one Nigerian governor or president, current or former, that will survive? They will all be executed or rot in jail. Punishment for corruption in China is severe, featuring harsh penalties including life imprisonment, confiscation of property, and the death penalty for major bribery or embezzlement. |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by ariesbull: 7:58am On Apr 18 |
Ashirioluwa:Why shift the goal post.... The truth is that SW is highly indebted with nothing to show for it |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by ariesbull: 7:59am On Apr 18 |
That will be best when the country divided... But I think Awolowo fought for one Nigeria..why don't you enjoy it ... fredoooooo: |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by BeautifulMind2: 7:59am On Apr 18 |
okeysoninv:I have told you guys countless times that IGR being mentioned by most governors fabricated figures they use to deceive lenders and public to borrow more, question you should be asking yourself since their IGR has increased to #7 billion, also federal allocation increased why are they borrowing to execute any project, while state like Anambra state is yet to borrow a kobo despite achieving more
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| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by ariesbull: 7:59am On Apr 18 |
They are servicing the Loma not paying back via they don't have the capacity to pay the loan they just pay the interest and leaving the principle.... That's debt servicing Predictor3: |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by okeysoninv: 8:03am On Apr 18 |
BeautifulMind2:IGR is not fake, Enugu government is building multiple project including a new city from scratch, before end of next year, Enugu Air will be second largest airline operator in Nigeria, alot of New schools, hospitals, largest farm in construction in the whole Nigeria, without IGR all these are impossible. You can't borrow if you don't have means of returning it. |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by Predictor3: 8:12am On Apr 18 |
ariesbull:That's the way it is the world over, you silly man. ![]() Why do you think the richest countries in the world are indebted? |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by BeautifulMind2: 8:15am On Apr 18 |
okeysoninv:And you think Soludo is joking? The new government with 38 buildings, two malls, dualizing trunk A roads, with many internal roads, two flyovers with many bridges, Solution Fun City, Innovation District, five hospitals, and modernized PHcs in the state, Smart Schools, trauma center, Stadium, constructing University of medical sciences, biggest Pharmaceutical distribution hub, the industrial city, Aerotropolis etc without borrowing a kobo |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by okeysoninv: 8:38am On Apr 18 |
BeautifulMind2:can't compare with what is going on in Enugu. There are reason why IGR is high. Very soon twin 25 storey skyscraper will emerge in Enugu. The new Enugu city under construction is bigger than Awka. |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by Nefort: 9:32am On Apr 18 |
Predictor3: ProudlyLagos:There are Yorubas in the south east as well. What the hell are you talking like your people are not in other regions? Igbos are known for travelling everywhere for business. Igbos are also in the North in substantial numbers. So stop talking like Igbos come to south west because your region is paradise. |
| Re: Debts Profile Of South West Vs South East (dec 2024 V Dec 2025) by mascot87(m): 9:35am On Apr 18 |
BeautifulMind2:I am sure you are making this comment in the comfort of your home somewhere in SW. |
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