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Nairaland Forum / Ruggedized1's Profile / Ruggedized1's Posts
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Jetleeee: These states you mentioned are very capable economically. My concern is more on those civil servant's states with zero economic activities. 6 Likes 1 Share |
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Contrary to the guidelines of the Debt Management Office on subnational borrowing, 23 states of the federation exceeded their borrowing limits in 2015, the Fiscal Responsibility Commission has said. In a report on the states and indebtedness, the FRC said Lagos, Kaduna, Cross River, Gombe, Ekiti, Edo, Ondo and Imo states had borrowed more than 50 per cent of their annual statutory allocations by 2015. Other states in the same boat are Zamfara, Adamawa, Oyo, Abia, Ogun, Taraba, Kebbi, Enugu, Bauchi, Nasarawa, Kano, Benue, Kwara, Katsina and Sokoto. The FRC added that when total revenue (gross statutory allocation plus Internally Generated Revenue) was used as the yardstick for measuring the level of indebtedness of the states, a total of 20 states borrowed more than their total revenues in 2015. The report read in part, “In the light of the DMO’s Guidelines on Debt Management Framework, particularly as it pertains to debt sustainability, the debt to income ratio of states should not exceed 50 per cent of the statutory revenue for the preceding 12 months. “In effect, state governments have a subsisting, though not in line with FRA, 2007, loan policy, which requires states governments not to owe more than 50 per cent of their statutory revenue for the previous 12 months. “The Federal Government, on the other hand, is expected not to accumulate debt more than 40 per cent of the national Gross Domestic Product. Bearing this in mind, 23 states exceeded the threshold of 50 per cent of their gross/net statutory allocations during the year 2015. “However, out of the 23 states, only 20 states exceeded the threshold of 50 per cent of their total revenue – gross statutory allocation plus Internally Generated Revenue.” The report also stated, “Lagos exceeded the threshold of 50 per cent of its gross statutory allocation by well over 300 per cent; Kaduna, Cross River, Gombe, Ekiti, Edo, Ondo, Oyo, Abia and Ogun exceeded the 50 per cent of their gross statutory allocations by well over 50 per cent but less than 100 per cent. “Imo, Zamfara, Adamawa, Taraba, Kebbi, Enugu, Bauchi, Nasarawa, Kano, Benue, Kwara, Katsina, and Sokoto states exceeded the 50 per cent of their gross statutory allocations by less than 50 per cent. “On the basis of total revenue rather than gross statutory allocation, 20 states exceeded the threshold of 50 per cent. Of the 23 states that exceeded the threshold of their gross/net statutory allocations, Kwara, Katsina and Sokoto states did not exceed the 50 per cent threshold of their consolidated debt to total revenue. “From 2012 to 2015, five states consistently exceeded the threshold of 50 per cent of their gross statutory allocations. The states are Kaduna, Lagos, Ogun, Cross River and Osun.” https://www.google.com.ng/amp/punchng.com/23-states-exceeded-borrowing-limits-frc/amp/ Lalasticlala 1 Like 3 Shares |
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I haven't watched the video but I can bet with my 3 cars that Anambra is not on the list. 18 Likes 1 Share
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Bastard pig from the cursed Abia state. Accept the truth, Abia state is a dead state. I know it is painful for you because truth is bitter ![]() [s] DLioness:[/s] https://www.youtube.com/watch?v=xFl1XnM4xAU |
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Psquare is just the best in Africa. 1 Like |
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Oyibo man is too organized. Just look at the orderliness and organisation of those vehicles. 6 Likes |
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I know exactly what you meant by wane. Psquare is far from that nomenclature as they are the best so far in Africa. They are still the richest and king of African pop. Orobo2Lekpa: |
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Psquare wane? Are you from the moon? ![]() Orobo2Lekpa: |
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Psquare is BIG. Their fight has become a national discourse. ![]() |
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zulex880: But 6yrs too much oo if na true. ![]() 3 Likes
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adonbilivit: It is because Psquare is the biggest in the whole of Africa both in influence and affluence. I still believe they have an album in the pipe. ![]() |
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Lies from Obaze and PDP. Obiano has been so excellent in his performance and he has just 4yrs to go while Obaze has 8yrs. Anambra South shall vote Obiano so that they can take over in 4yrs time. 1 Like 1 Share |
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You don't know what you are yapping. Psquare is the best in Africa, not just Nigeria. Go to youtube, they have the most watched video in all of Africa. [s] Abudu2000:[/s] |
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CaptainG00D: Paul's wife is an Ikwerre girl from Rivers state while Jude's wife is from Amichi in Anambra. 1 Like |
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CaptainG00D: Lies. Paul's wife is a Rivers girl while Jude's wife is an Anambra girl. 1 Like |
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obo389: Their mom warned Peter not to marry Lola. In Anambra mothers wield so much powers amongst their sons. Now their mother has passed on. Peter was very stubborn for not have heeded her mom's advise. Paul's wife is Rivers girl while Jude's wife is an Anambra girl. Their mom before she passed on approved of these ones but Peter's wife. 3 Likes |
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All I see is a new album loading 2 Likes |
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I can't waste my time enlightening you further use your google to cure your stark ignorance. Google the origin of Igbo people and stop embarrassing yourself with your illiteracy. [s] letu:[/s] |
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I will keep telling you dumb bastard the truth. Abia state is a dead state. Kill your but that's just the truth. The truth is bitter, your Abia state is dead. I will not stop telling you the truth here. ![]() [s] DLioness:[/s] https://www.youtube.com/watch?v=xFl1XnM4xAU |
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This whining and crying is not gonna help you here. Abia state is dead and that is what I want you to know. Your state is dead, learn to deal with it. Hopeless dumb illiterate ![]() [s] DLioness:[/s] https://www.youtube.com/watch?v=xFl1XnM4xAU |
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Abia state is dead. Accept the truth, you have a dead state dumb illiterate. I spit on Abia state. [s] DLioness:[/s] https://www.youtube.com/watch?v=xFl1XnM4xAU |
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I can't continue in this empty voyage of endless argument over Bubu. Everyone knows that Bubu is a disaster and was a single greatest mistake some Nigerians made to election a well known stark illiterate bigot as a president in the 21st century. Just look at what 180 was mistakenly foisted on 180million people. Never again shall Nigeria descend to this lowest ebb. Nigeria can never move forward with such stark and undeveloped minds like Bubu. This is more than a national embarrassment. BluntBoy:
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Show us these.. 1. In what way has Bubu done anything to develop himself mentally or otherwise since 1983? Has he gone back to school like Obj, Gowon even IBB? Has he written any book? Has he delivered any paper anywhere? 2. In what way has Bubu created wealth? Has he founded any ''Foundation'' to assist people either through scholarship? Has he opened any establishment to employ Nigerians in any form? Atiku has done more to help the society through job creation(Intels), through his private university(ABTU), through his ''Foundation" etc Bubu is a total disaster and has never added any meaningful thing to Nigeria except ''baboon and monkey shall be soaked in blood'' and ''Sharia domination of entire Nigeria''. This is a complete terror and horror to Nigeria. I spit on this administration. BluntBoy: 4 Likes 1 Share |
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He told you the bitter truth. Abia state is a dead state. Accept it and move on bae. ![]() DLioness: |
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BluntBoy: Bubu is a bigot and not suitable in a diverse and multicultural society like Nigeria. Bubu is equally a stark illiterate and does not yield to reason. Bubu has not improved nor developed himself beyond being a cow rearer since he left office in 1983. Atiku on the other hand has a sound mind compare to Bubu. Atiku is articulate and by far enlightened than Bubu. Atiku is a wealth and job creator unlike Bubu who has not done any other thing in his life other than getting into the military under quota system and with the minimum certificate(WAEC). Atiku is a more suitable alternative. 1 Like |
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Omambala family. That's how they roll. |
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anonymuz: Atiku is far better than the bigot Bubu. I will vote Atiku. 4 Likes |
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This is a bitter truth. 10 Likes
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Pointless. You asked how does Nri influenced AkwaIbom, Cross River, Imo and Abia states, I posted this below. Now you don't want to discuss it anymore. [s] letu:[/s]
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New album loading. 2 Likes |
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Go and read your history or rather use google to educate your ignorant self. Which areas have Ibibio, Efik and Ijaw? letu:
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I don't care about all the stuff you have written because I am not interested in Ipob/Massob but one thing. Where's the picture/video where the revered Obi of Ontisha stood up for Abba Kyari? Do you know that the Obi of Onitsha dynasty is over 800yrs and among the 3 most respected stools in Nigeria. |
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