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THREAD: What do you know about state financials - DEBT & REVENUE:
2019 IGR for states reveals that Lagos State accounts for 29.88% of IGR collected by states. Rivers is also showing immense promise.
Where does you state stand? What can be improved?
2019 IGR for states reveals that Lagos State accounts for 29.88% of IGR collected by states. Rivers is also showing immense promise.
Where does you state stand? What can be improved?
Which states have shown promise in IGR growth in Nigeria? Let's start with Yobe with the significant growth rate of 92%.
While Ogun IGR is one of the highest in the state, the numbers slipped by 16%.
While Ogun IGR is one of the highest in the state, the numbers slipped by 16%.
When it comes to debt among states, Lagos leads the numbers. Yobe and Anambra states have the lowest domestic debts in the country.
It is important to know that debt repayments shorten FAAC allocations due to deductions.
It is important to know that debt repayments shorten FAAC allocations due to deductions.
On the external debt, Lagos Kaduna, Edo and Cross River maintain legacy of high external debts.
It's important for states to be careful of external debts due to exchange rate devaluation.
States that took debt at equivalent of N156 to USD are paying back at N360 to USD.
It's important for states to be careful of external debts due to exchange rate devaluation.
States that took debt at equivalent of N156 to USD are paying back at N360 to USD.
It's obvious that high IGR is also connected huge debt stock. However, the size of debt for Cross River, Osun and Imo is very worrisome due to their low revenue profile.
What did you learn about your state?
What did you learn about your state?
