Lagos Debt Hits N1trn As List Of High, Low Indebted Nigerian States Released
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State is number one among the highly indebted states in in both external and domestic debts with N1.043 trillion in 2018, the latest by the Economic Confidential has shown.

While the external debt stock of Lagos amounts to N513.514 billion, the local debt stock settled at N530.243 billion.

In the publication’s Annual High Indebted States (AHIS) report on 2018 External and Domestic Debts, the amount owed by Lagos represents about 20 percent of the total debts owed by the 36 states and the Federal Capital Territory (FCT) which is N5.376 trillion in 2018.

Other highly indebted states for the external debt stock included Edo, Kaduna, Cross River and Bauchi with $276.25m (N99.45bn), $227.25m (N81.81bn), $188.77m (N67.95bn) and $133.93m (N48.21bn) respectively.

Among the first five highly indebted states in the local debt stock, Lagos emerges tops with N530.243 billion, followed by Delta with N228.805 billion, Rivers with N225.592 billion, Akwa Ibom with N198.663 billion and Cross Rivers with N167.955 billion.

The report further shows that outside Lagos, other highly indebted states for foreign debt are Rivers with N253.772 billion, Delta with N251.589 billion, Cross River with N235.914 billion and Akwa Ibom with N215.099 billion.

The five states on the list of least indebted states in the external debt stock are Taraba $21.611m (N7.780bn), Borno $21.618m (N7.782bn), and Yobe $27.486m (N9.895bn).

Others were Plateau and Kogi with $28.874m (N10.394bn) and $31.584m (N11.370bn), respectively.

Five states account for the lowest in both domestic and external debts.

 

Source mycelebrityandi

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Abass Sulaiman Adegoke, well known as Adegoke is a student of Federal Polytechnic Ede studying Civil Engineering, He is a media enthusiast, loves traveling, and has a special interest in personal development.

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Buhari has failed, cannot solve Nigeria’s problems – Soyinka blows hot

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buhari has failed, cannot solve nigeria’s problems – soyinka blows hot Buhari has failed, cannot solve Nigeria’s problems – Soyinka blows hot Wole Soyinka 1024x576 1

Nobel laureate, Wole Soyinka, has insisted that the President Muhammadu Buhari administration has failed.

According to him, the problems confronting were beyond Buhari.

Soyinka stated this while playing host to students who paid him a visit on his 85th birthday.

The literary icon made it clear that while state governments differ in success rates, “central government has failed”.

“The problems of this nation are beyond the solution that can be offered by this government, that’s the first admission; they have to stop thinking in partisan government

“There has always been a major problem with successive governments. It’s easier on the state level to say that a particular state is definitely doing better than another state. But the central government has failed, that’s my view in the main.

“There is a minimal level which any government which has been elected to power must achieve to be considered a true representative of the people.

“Look at what’s happening today with the cattle all over the place, that’s a security issue which should never have reached this level. That singular act has resulted in hundreds of people being killed, farms were taken over; it has wiped away a lot of the positive achievements of the government.

“They need to confront this nation as a habitation of human beings where very serious issues like economy, security, health, even threats of secession come up every day and convoke at the same time, a national conference, what I call an Indaba across all section which we will all meet and debate everything, including the economy of this nation,” Soyinka said.

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Yoruba group gives Miyetti Allah 72-hour ultimatum to fish out killers of Pa Fasoranti’s daughter

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yoruba group gives miyetti allah 72-hour ultimatum to fish out killers of pa fasoranti’s daughter Yoruba group gives Miyetti Allah 72-hour ultimatum to fish out killers of Pa Fasoranti’s daughter Fasoranti 1024x576

A Southwest group, Yoruba Youth Socio-cultural Association (YYSA), has expressed shock over the killing of Mrs. Funke Olakunrin, daughter of Afenifere Chairman, Pa Reuben Fasoranti, by persons suspected to be herdsmen in Ondo State.

In a statement signed by its National President, Olalekan Hammed, the group gave the Miyetti Allah Cattle Breeders Association (MACBAN) a three-day ultimatum to fish out the perpetrators of the nefarious act.

DAILY POST recalls that the murder of the daughter of the Pa Fasoranti‘s daughter was confirmed by Afenifere’s spokesman, Mr. Yinka Odumakin in a statement.

He said 58-year-old Mrs. Olakunrin was killed by persons suspected to be herdsmen while heading to Ore Junction from Akure, Ondo State, where she was attacked and shot by her attackers.

But the Ondo state police command refuted Odumakin’s claim, saying it was an armed robbery attack.

However, the YYSA said it will convene an emergency meeting on Saturday (today) to discuss next line of action after the ultimatum to MACBAN elapses.

The statement reads: “We receive the news of the sudden death of Mrs. Olakunrin with great shock.

“We want the federal government to order immediate investigation on the matter because the culprits should not go unpunished.

“We also give the so-called Miyetti Allah Cattle Breeders Association (MACBAN), Ondo State chapter, three days to fish out the suspected killers of Mrs. Olakunrin.

“We are having an emergency meeting tomorrow (today) in Ibadan to discuss the next line of action.”

Mrs. Olakunrin is the second child of 94-year-old Fasoranti to die, the elder statesman having also lost a daughter, Bunmi, some years ago.

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