States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion - Politics

States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion (1542 Views)

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States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by GoodGovernance(op): 5:21pm On Mar 24, 2018*

https://www.financialdigest.com.ng/wp-content/uploads/2018/03/Igr.gif

Total FAAC allocation,N1.74 trillion.
Total External Debts,$4.08 billion(about N1.24 trillion)
Total domestic debt,N3.25 trillion

NBS report, released on Friday, indicated that the IGR realised by the states was N100.04bn higher,compared to N831.19bn generated in the preceding year. This figure indicates a growth of 12.03% year on year.

31 States recorded growth in IGR in the year under review, whilst five (5) states including (Akwa Ibom , Anambra , Bauchi, Osun and Taraba) recorded a decline at the end of 2017 Fiscal Year. The net FAAC allocation in year 2017 is put at N1.73 trillion while the total revenue available to the states is put at N2.67 trillion.

The total Internally Generated Revenue (IGR),by all the 36 states of the federation,amounted to N931.23billion in 2017 fiscal year,with Lagos accounting for 36%.

Total external debt amounted to N1.24trillion in Naira terms($4.8billion @ 305,official rate) and when added to the total domestic debt stock of N 3.25 trillion,it implies a total debt stock of N4.49 trillion.

https://www.financialdigest.com.ng/

1 Like

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by Nobody: 5:50pm On Mar 24, 2018

Can Ambode account for 371Bn ?

Why are politicians wicked?

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by Doyin2(m): 6:34pm On Mar 24, 2018

Wow,ver huge debt burden,compared to revenue.

No wonder many states cannot pay salaries
undecided

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by REDshouse(m): 7:30pm On Mar 24, 2018

Total IGR o KAduna Plus Kano is not up to Ogun IGR ...

Why Cant we just Divide for Nigerian Sake

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by nwabobo: 7:40pm On Mar 24, 2018*

Anamra1stson, globemoney, how did Anambra state domestic debt rise from 3 billion naira to 117 billion naira and foreign debt from $25M to $78M ?

I don't want to believe that this figures are true.

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by BankeSmalls(f): 7:42pm On Mar 24, 2018

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by nwabobo: 8:05pm On Mar 24, 2018

nwabobo:
Anamra1stson, globemoney, how did Anambra state domestic debt rise from 3 billion naira to 117 billion naira and foreign debt from $25M to $78M ?

I don't want to believe that this figures are true.

I knew that figure for domestic debt was wrong. This must have been put up by a Lagos/Ibadan Afonja press man. See the correct figures from Nigerian Bureau of Statistics.

Ife eji abu omambala erika.

3 Likes

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by Doyin2(m): 10:54pm On Mar 24, 2018

nwabobo:
I knew that figure for domestic debt was wrong. This must have been put up by a Lagos/Ibadan Afonja press man. See the correct figures from Nigerian Bureau of Statistics.

Ife eji abu omambala erika.

The figures are accurate.Are you guys seeing double?

2 Likes

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by nwabobo: 10:56pm On Mar 24, 2018*

Doyin2:
The figures are accurate.Are you guys seeing double?

The picture has been changed. The initial one had Anambra's domestic debt @ N177bn

3 Likes

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by NaijaMutant(f): 10:58pm On Mar 24, 2018

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by NaijaMutant(f): 10:59pm On Mar 24, 2018

TolaTosin:
Can Ambode account for 371Bn ?

Why are politicians wicked?

Lol

Its easy

The money is with Tinubu undecided

3 Likes

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by Nobody: 5:39am On Mar 25, 2018

NaijaMutant:
Lol

Its easy

The money is with Tinubu

There is god ooio

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by Yyeske(m): 8:40am On Mar 25, 2018

Doyin2:
The figures are accurate.Are you guys seeing double?

So which one do you want us to believe, the one from NBS website or the one reported by another website with no link to NBS?

1 Like

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by Doyin2(m): 5:45pm On Mar 25, 2018*

Yyeske:
So which one do you want us to believe, the one from NBS website or the one reported by another website with no link to NBS?

Your comment is not in tandem with the thread of discuss.

The figures I am seeing tally.Nwabodo is well understood.

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by 0monnak0da: 5:51pm On Mar 25, 2018

After all the noise about Onitsha being the largest market in the Milky Wa and how the US army buys drones there and how The latest IPhone was designed in Nnewi The TOTAL IGR for all the FIVE SE States is less than that of Ogun State huh

The TOTAL IGR for all the FIVE SE States is less than that of Ogun State huh

The TOTAL IGR for all the FIVE SE States is less than that of Ogun State huh

We will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take it

3 Likes

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by W3xy1(m): 6:00pm On Mar 25, 2018

0monnak0da:
After all the noise about Onitsha being the largest market in the Milky Wa and how the US army buys drones there and how The latest IPhone was designed in Nnewi The TOTAL IGR for all the FIVE SE States is less than that of Ogun StateThe TOTAL IGR for all the FIVE SE States is less than that of Ogun StateThe TOTAL IGR for all the FIVE SE States is less than that of Ogun State
We will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take it

lol

1 Like

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by 0monnak0da: 6:04pm On Mar 25, 2018

And Cross River State allegedly passed a budget of over 1 Trrillion Naira. A budget of "KINETIC CRYSTALLIAZATION"

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by CSTR2: 6:07pm On Mar 25, 2018

0monnak0da:
After all the noise about Onitsha being the largest market in the Milky Wa and how the US army buys drones there and how The latest IPhone was designed in Nnewi The TOTAL IGR for all the FIVE SE States is less than that of Ogun StateThe TOTAL IGR for all the FIVE SE States is less than that of Ogun StateThe TOTAL IGR for all the FIVE SE States is less than that of Ogun State
We will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take it

Look at this nigga.

Anambra pays salary without fail on the 25th, has one of the most sustainable finances in the country with visible achievements in many socio economic sectors especially education, and poverty rate.

Ogun state with the IGR of California can't pay salaries as at when due, cannot be compared to anambra in most social indices that affect the ordinary masses.

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by Doyin2(m): 6:10pm On Mar 25, 2018

CSTR2:
Look at this nigga.

Anambra pays salary without fail on the 25th, has one of the most sustainable finances in the country with visible achievements in many socio economic sectors especially education, and poverty rate.

Ogun state with the IGR of California can't pay salaries as at when due, cannot be compared to anambra in most social indices that affect the ordinary masses.

That is not true.Ogun state is as upto date as Anambra ,in terms of Salary.

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by 0monnak0da: 6:10pm On Mar 25, 2018

CSTR2:
Look at this nigga.

Anambra pays salary without fail on the 25th, has one of the most sustainable finances in the country with visible achievements in many socio economic sectors especially education, and poverty rate.

Ogun state with the IGR of California can't pay salaries as at when due, cannot be compared to anambra in most social indices that affect the ordinary masses.

Please do not call me nigga . Whether in the name of "guy" or trying to be cool or whatever. Please do not address me with that ever again.

I do not appreciate it

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by Ritchiee: 6:12pm On Mar 25, 2018

0monnak0da:
After all the noise about Onitsha being the largest market in the Milky Wa and how the US army buys drones there and how The latest IPhone was designed in Nnewi The TOTAL IGR for all the FIVE SE States is less than that of Ogun StateThe TOTAL IGR for all the FIVE SE States is less than that of Ogun StateThe TOTAL IGR for all the FIVE SE States is less than that of Ogun State
We will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take itWe will not take it We will not take it

Onye uzu aka sukundiri..

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by CSTR2: 6:15pm On Mar 25, 2018

0monnak0da:
Please do not call me nigga . Whether in the name of "guy" or trying to be cool or whatever. Please do not address me with that ever again.

I do not appreciate it

It was deliberate.

Only a nigga makes ignorant assertion like yours.

Re: States IGR Grows By 12%,to N931billion,but Total Debt Is N4.49trillion by Ritchiee: 6:16pm On Mar 25, 2018

CSTR2:
Look at this nigga.

Anambra pays salary without fail on the 25th, has one of the most sustainable finances in the country with visible achievements in many socio economic sectors especially education, and poverty rate.

Ogun state with the IGR of California can't pay salaries as at when due, cannot be compared to anambra in most social indices that affect the ordinary masses.

Like what?