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REVEALED: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-east - Politics - Nairaland

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REVEALED: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-east by sarrki(m): 1:27pm On Jul 11, 2019
The total revenue received by the Lagos state government in 2018 was higher than what was received by the entire south-east region.

The south-east region consists of five states namely: Abia, Anambra, Ebonyi, Enugu and Imo.

Lagos generated total revenue of N501.2 billion while the entire south-east region generated N340.1 billion.

The state’s 2018 revenue was also higher than that of the northeast and north-central, which was N351.5 billion and N378.7 billion respectively.

This is contained in the Quarterly Review document of the Nigeria Extractive Industries Transparency Initiative (NEITI).

The revenue of states was calculated as the sum of the internally generated revenue (IGR) and allocations from the federation accounts allocation committee (FAAC).



The total IGR generated by states in 2018 was N1.103 trillion while the total FAAC allocations were N2.849 trillion.

Lagos state had the highest total revenue of N501.2 billion while Osun had the lowest at N33.2 billion.

“This implies that the total revenue of Lagos State was 13.9% of the combined total revenue of all states. Also, if the states with the highest and lowest revenues are compared, the revenue of Lagos State was 15 times or 1,518% of the revenue of Osun State,” the report read.

“The total revenue of Lagos State (N501.2 billion) exceeded total revenue of each of three zones: North Central (N378.7 billion), North East (N351.5 billion), and South East (N340.1 billion).

“While the total revenue received by Lagos State is higher than the total revenue of each of these zones, the total revenue of the South-South is higher than the combined total revenue of all three zones. The total revenue received by Lagos State is greater than the combined total revenues received by nine states (N449.49 billion) – Osun, Ekiti, Zamfara, Ebonyi, Gombe, Taraba, Cross River, Nasarawa, and Adamawa.”



On a zonal basis, the south-south zone recorded the highest total revenue (N1.102 trillion), followed by the south-west with N877.8 billion.

The north-west zone came in third with N546.5 billion, north-central with N378.7 billion, north-east with N351.5 billion and south-east recorded the lowest with N340.1 billion.

https://www.thecable.ng/revealed-lagos-2018-revenue-higher-than-entire-south-east-region

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Re: REVEALED: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-east by Mynd44: 1:35pm On Jul 11, 2019
Re: REVEALED: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-east by Nobody: 1:45pm On Jul 11, 2019
sarrki:
The total revenue received by the Lagos state government in 2018 was higher than what was received by the entire south-east region.

The south-east region consists of five states namely: Abia, Anambra, Ebonyi, Enugu and Imo.

Lagos generated total revenue of N501.2 billion while the entire south-east region generated N340.1 billion.

The state’s 2018 revenue was also higher than that of the northeast and north-central, which was N351.5 billion and N378.7 billion respectively.

This is contained in the Quarterly Review document of the Nigeria Extractive Industries Transparency Initiative (NEITI).

The revenue of states was calculated as the sum of the internally generated revenue (IGR) and allocations from the federation accounts allocation committee (FAAC).



The total IGR generated by states in 2018 was N1.103 trillion while the total FAAC allocations were N2.849 trillion.

Lagos state had the highest total revenue of N501.2 billion while Osun had the lowest at N33.2 billion.

“This implies that the total revenue of Lagos State was 13.9% of the combined total revenue of all states. Also, if the states with the highest and lowest revenues are compared, the revenue of Lagos State was 15 times or 1,518% of the revenue of Osun State,” the report read.

“The total revenue of Lagos State (N501.2 billion) exceeded total revenue of each of three zones: North Central (N378.7 billion), North East (N351.5 billion), and South East (N340.1 billion).

“While the total revenue received by Lagos State is higher than the total revenue of each of these zones, the total revenue of the South-South is higher than the combined total revenue of all three zones. The total revenue received by Lagos State is greater than the combined total revenues received by nine states (N449.49 billion) – Osun, Ekiti, Zamfara, Ebonyi, Gombe, Taraba, Cross River, Nasarawa, and Adamawa.”



On a zonal basis, the south-south zone recorded the highest total revenue (N1.102 trillion), followed by the south-west with N877.8 billion.

The north-west zone came in third with N546.5 billion, north-central with N378.7 billion, north-east with N351.5 billion and south-east recorded the lowest with N340.1 billion.

https://www.thecable.ng/revealed-lagos-2018-revenue-higher-than-entire-south-east-region

Lagos that is 51% Igbo grin


Cc lzaa metaphysical adaibeku amatarasha deomelo

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Re: REVEALED: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-east by Adaibeku(f): 1:55pm On Jul 11, 2019
immhotep:

Lagos that is 51% Igbo grin


Cc lzaa metaphysical adaibeku amatarasha deomelo









They are cheating us ,nna it wont be forever mark my word!

1 Like 1 Share

Re: REVEALED: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-east by Adaibeku(f): 1:55pm On Jul 11, 2019
Re: REVEALED: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-east by Nobody: 1:56pm On Jul 11, 2019
Adaibeku:


They are cheating us ,nna it wont be forever mark my word!
Don't mind them sweetie grin

Re: REVEALED: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-east by Commentor: 1:57pm On Jul 11, 2019
immhotep:

Lagos that is 51% Igbo grin


Cc lzaa metaphysical adaibeku amatarasha deomelo

Yet they can't vote in ordinary councillor.

grin
Re: REVEALED: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-east by Commentor: 1:57pm On Jul 11, 2019
Why do you think they always attach themselves to South South?
Re: REVEALED: Lagos Revenue In 2018 Was Higher Than That Of The Entire South-east by Nobody: 1:58pm On Jul 11, 2019
Commentor:


Yet they can't vote in ordinary councillor.

grin
It is still 51% Igbo.
Ask Jagaban to share his frustration with you grin

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