₦airaland Forum

ridwanayo:
Lagos pride of nigeria,we the sophissticated west keep winning,while some people keep beating chest,they don beat chest sotey there chest flat,they cum dy beat there land now there land is un-productive hahaha

Ftc soon,it remains small

tdayof:
When you have facts, you can comment.
For now keep typing probably you will be wise.

Johnpaul2k2:
Those Chest beaters made Lagos what it is today?
Those Chest Beaters controls over 50% of Lagos inflow and Outflow
Those Chest Beaters dominates 60% of Lagos Populations.
Those Chest Beaters owns majority of the landing Properties in Lagos
Those Chest Beaters are coming into political power in Lagos by winning 6 House of Representatives.

Continue to make noise while Chest Beaters continue to win and win even in your own lands

Bigprozzie:
This will be very sad news to a particular section of the country.

If I was them, I will be envious too.

metronaija:
The Lagos State Government generated a total revenue of N101.69bn in the first quarter of 2016 out of which a surplus of N4.85bn was realized as against an expected N29.92bn deficit, the State’s Commissioner for Economic Planning and Budget, Mr. Akinyemi Ashade said on Monday.


Speaking at the ongoing Ministerial Press Briefing held at the Bagauda Kaltho Press Centre in Alausa, Ikeja to commemorate Governor Akinwunmi Ambode’s first year in office, Ashade said the generated revenue was above that of 2015 which stood at N97.28bn in the first quarter, adding that in absolute terms, the revenue performance was N4.4bn more than comparative period of 2015.


Ashade said the remarkable feat was achieved despite the diminishing statutory allocation from the federation account, adding that same was due to Governor Ambode’s purposeful and visionary leadership.


He expressed optimism that with the implementation of multiple revenue collection channels and broadening of the revenue base, the State Government would achieve tremendous progress in its revenue drive.


Giving a detailed breakdown of the budget performance, the Commissioner said N76.06bn was the Internally Generated Revenue (IGR) of the State in the first quarter representing 72 percent of the estimate for the quarter and 75 percent of the total revenue, as against the N67.21bn generated in first quarter of 2015 representing 74 percent of the estimate and 69 percent of the total revenue in the corresponding period for last year.


He said the Lagos Internal Revenue Service (LIRS) revenue for the first quarter of 2016 stood at N67.25bn representing 90 percent estimate for the quarter and 88 percent of the total IGR and 66.12 percent of the total revenue, compared to N60.58bn (87 percent of the estimate for Q1 Y2015), representing 90 percent of total IGR and 62 percent of total revenue in 2015.


“This performance was N6.67bn more in absolute terms compared to corresponding period in Y2015 and due largely to more participatory structural and systemic re-engineering.


“Over the course of the first quarter of Y2016, Federal transfers contributed N25.64bn (83 percent of the estimate for the quarter) and accounted for 25.21 percent of total revenue. Further breakdown showed that statutory allocations contributed N7.48bn while VAT contributed N18.16bn,” Ashade said.


Speaking on performance of capital expenditures for the period under review, the Commissioner explained that in the regard, the government expended N48.88bn on capital projects which represented a 51 percent better performance of N15.08bn (24 percent) as at the first quarter of 2015.




He also revealed that as at the end of first quarter of 2016, the ratio of capital expenditures to recurrent expenditures closed at 50:50, better than a ratio of 21:79 recorded for the same period in 2015 but short of the ratio of 58:42 projected for 2016.


He, however, expressed optimism that capital expenditure performance would experience significant improvement in the second quarter of 2016 based on the projections and expectations of revenue inflows.


Ashade, whose Ministry is also responsible for managing the State’s existing relationships with development partners as well as identify new potential ones to drive further development, disclosed that the State Government has gone into partnership with the Japanese International Cooperation Agency (JICA) to invest in a possible monorail project that will link Marina to Oniru in Victoria Island and Ikoyi, and later connect to the Lekki Rail Line project which is also in the works.


He clarified that the monorail project is an urban mass transportation project different from the ongoing Blue Line Rail project that will connect Mile 12 to CMS, and the Red Line Rail Project.


According to him: “A detailed feasibility study has been commissioned on the monorail project to validate the initial survey, which will eventually lead to an investment of US$1billion (about N300billion) in the project if the results of the feasibility study are positive, amongst other conditions.”



Ashade further disclosed that under the Eko Urban Project, the State Government, in partnership with the Agence Francaise De Development (AFD) would soon embark on the upgrade of slums in Amukoko in Ajeromi/Ifelodun Local Government Area of the State and Ilaje-Bariga in Bariga Local Council Development Area of the State, as well as the provision of modern waste disposal facility in Epe.


He said projects would soon take off as the AFD has already committed a US$100m loan for the projects, while the State Executive Council has equally approved the upgrade of the slums.



SIGNED
HABIB ARUNA
CHIEF PRESS SECRETARY
MAY 09, 2016

http://www.metronaija.com/2016/05/lagos-state-generates-over-n101-billion.html

Johnpaul2k2:
Those Chest beaters made Lagos what it is today?
Those Chest Beaters controls over 50% of Lagos inflow and Outflow
Those Chest Beaters dominates 60% of Lagos Populations.
Those Chest Beaters owns majority of the landing Properties in Lagos
Those Chest Beaters are coming into political power in Lagos by winning 6 House of Representatives.

Continue to make noise while Chest Beaters continue to win and win even in your own lands

manie:
The Chest Beaters will do well for themselves and their unborn children, if they can replicate just 10% of their so-called achievements made in other places in their own region.

What will it profit a Chest Beater if you develop another man's land, but you neglect your own land.

I think charity begins at home, but to the chest beaters it appears charity begins in a foreign land.

ridwanayo:
Chest beating as usual,I even heard that when ojukwu ran to abidjan to seek refuge,he bleeped a prostitute,now the son of the prostitute is the wan developin libya,
U control lagos economy but u cannot control the economy of ur region,stop beating ur chest it would only make ur chest flat like an aids patient

FlyoruB:
Poppycock! Those chest beaters didn't do shyt. If they are so super how come they aren't replicating such feat in their region? Ogun state last IGR figures was higher than the two top states in your region's combined so you are a joker.

ZoggingMaster:
How the revenue don epp we the tax payers?

Johnpaul2k2:
Those Chest beaters made Lagos what it is today?
Those Chest Beaters controls over 50% of Lagos inflow and Outflow
Those Chest Beaters dominates 60% of Lagos Populations.
Those Chest Beaters owns majority of the landing Properties in Lagos
Those Chest Beaters are coming into political power in Lagos by winning 6 House of Representatives.

Continue to make noise while Chest Beaters continue to win and win even in your own lands

Cubeet:
Have you developed your Land in Osun, Oyo, Ogun and other dirty places?

FlyoruB:
Poppycock! Those chest beaters didn't do shyt. If they are so super how come they aren't replicating such feat in their region? Ogun state last IGR figures was higher than the two top states in your region's combined so you are a joker.

ridwanayo:
Chest beating as usual,I even heard that when ojukwu ran to abidjan to seek refuge,he bleeped a prostitute,now the son of the prostitute is the wan developin libya,
U control lagos economy but u cannot control the economy of ur region,stop beating ur chest it would only make ur chest flat like an aids patient

manie:
I have investments in my state, which is Ogun state.

I was referring to chest beaters, I doubt if you are one.

ridwanayo:
Chest beating as usual,I even heard that when ojukwu ran to abidjan to seek refuge,he bleeped a prostitute,now the son of the prostitute is the wan developin libya,
U control lagos economy but u cannot control the economy of ur region,stop beating ur chest it would only make ur chest flat like an aids patient

arresa:
Where is the sense and wisdom in bragging that you paid for nails, roof and cement to build my own house with your money while you have no house and at the end of the day, my house is never going to be yours...?


If you are going to beat your flat and empty chest, at least do it with some common sense..m

ridwanayo:
Lagos pride of nigeria,we the sophissticated west keep winning,while some people keep beating chest,they don beat chest sotey there chest flat,they cum dy beat there land now there land is un-productive hahaha

Ftc soon,it remains small

Cubeet:
I suggest you leave your region and visit other regions in Nigeria and then confirm to yourself if the non indigenes in Lagos aren't investing in their land too.

berrystunn:
#
Usu or udene, which one will I address with...

Note that Nnewi can fund the national budget
Watch the Interview with former chairman of labour party made a statement that " Nnewi is richer than Nigeria" you can search Impact360 with kambili interview with chief iwuanyanwu.

Fabulosdave01:
Ibos winning in house of reps shows Lagos welcomes everyone no matter the tribe. Pls show me one south east state where a Yoruba man is elected. You should learn the same don't hate