₦airaland Forum

BudgIT Nigeria @BudgITng

BUDGIT APOLOGISES TO LAGOS STATE GOVERNMENT

BudgIT’s State of States report is a snapshot of the fiscal health of all 36 States in the country and it uses four metrics or stress tests to provide a fair overall Fiscal Sustainability Ranking of all the states.

Thread!

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A previous graphic on the ability of states to meet their recurrent expenditure is hereby retracted.

According to Mr. Gabriel Okeowo, BudgIT’s CEO and Principal Lead, “No single metric, when isolated, provides a fair assessment of any state; and none of the tests we used evaluates state’s fiscals for insolvency.”

We are compelled to also use this medium to tender our unreserved apologies to @followlasg for the misrepresentation that has trailed Lagos State in the report.

Indeed, @followlasg cannot be included in the category of States with a recurrent deficit; thus, not borrowing to pay salaries.

Our metrics focused on NET FAAC and IGR as published by the National Bureau of Statistics due to the disparate nature of revenue framework among Nigerian states.

We also apologise for including a special debt financing program as part of the recurrent expenditure which might be a total representation of its finances.

We affirm that Lagos State remains way ahead of many of its peers in terms of fiscal health and the capacity to generate revenue internally; and it also has the least dependency on federally collected revenue distributed through FAAC allocations.

www.nairaland.com/attachments/12414840_ei79u7xyagolu_jpeg_jpeg726e287ccbdfbbce540269c6657e533c

We regret this inconvenience; hence, the previous design is hereby retracted and a review has been commissioned by our research team.

https://twitter.com/BudgITng/status/1310268913767284738

I was truly shocked at the report on Lagos' finances.

I been want say make dem help me search Tinubu bullion van pocket.

But me and Budgit still know say some change remain for BAT back pocket sha

Thanks to BudgIT for the clarification

T

Will the IPob protest this because I saw them jubilating that Lagos is bankrupt

No trust worthy source in this country anymore, you have to take every news these days with a pinch of salt.

Nah eh! No qualms

Ndi ara they keep deceiving themselves

Oshey!

Do not come here to wail. This is not a thread to wail

When will someone get punished for mass misinformation



.

They've been threatened!

My State(Cross River) that borrows to pay appointees salary and owe civil servants salary don turn to state wey dey do well! Make una continue oh!


I had to quit my job because Ayade owe me sotey my life bend! Suffering for other people's(gullible masses) greed!


That's why I always encourage the youths to vote wisely because I've had first hand experience of what bad leadership is!

Have this at the back of you mind; All those who supports a particular government, do so because of what they gain from it.

I've always been an advocate of good leadership! That's why I keep criticizing when a particular government is under performing!

We told them they didn't listen.
Lagos can't be there!

There's one guy in particular this piece of news would give stomach ache.

Long may it continue.

Great journalism. When you make mistakes, you apologize immediately. Good move

Abeg wu con win bbn

OK

Lol.....80% of Yoruba states are insolvent and seriously in debt.

So much for propaganda.

Ndi Accomodators.

Apologies accepted.

No one is perfect.

God bless Nigeria

Where's that fool?

Golan007:
There's one guy in particular this piece of news would give stomach ache.

Long may it continue.

Not one guy, there are plenty of them. They have been Wailing since time immemorial

I'd understand if such mistake was made regarding other states, not Lagos state regardless of any measure or metric used, that was a dubious, intentional or juts amature error.

The media landscape in Nigeria is just too fake, dubious and deceptive and it's getting worse.

This is a very expensive mistake

See how they where quick to move it to front page

Lagos State government right now

Hope money hasn't changed hands sha.

OK

We know it, the work of poverty capital of the south, Baby factory ritualism section