Adixi
@kotso
ID: 36435571
29-04-2009 18:33:46
128 Tweet
252 Followers
1,1K Following
Please help my friend and classmate Lotanna Udezue a.k.a. Big Lo raise funds to pay off his medical bills and fund a Kidney transplant.. JJ. Omojuwa Dr Joe Abah, OON mustapha a dawodu Great Oracle Extraordinary & Plenipotentiary. Omagbitse “Gbish” Barrow Inya Ode gofundme.com/f/please-let03…
Dr Yemi Kale 3. Only 6 other states managed to keep theirs at < 100% Kano 53% Edo 63% Enugu 80% Delta 87% Abia 92% Yobe 95%
Dr Yemi Kale 4. Hard to believe but ALL the other states have their IGR at less than the INTEREST accruing on their domestic and foreign debts.
Dr Yemi Kale 5. Nasarawa, Kebbi, Ekiti have ratios as high as 300-500% & Borno, Zamfara, Ebonyi, Imo, Osun, Bayelsa & Gombe are between 200-300%
Dr Yemi Kale 6. If this doesn't give Governors, Kemi Adeosun and Bank CEOs sleepless nights & i doubt that it does, I'm not really sure what else will
Dr Yemi Kale Kemi Adeosun 7. Basically, this data tells us that if we took ALL the IGR of each state, only 8 states can meet ONLY INTEREST payments on their debt.
Dr Yemi Kale Kemi Adeosun 8. We're just talking of interest, not principal, salaries, infrastucture nor development of the states...just interest & they can't survive
Dr Yemi Kale Kemi Adeosun 9. And then you consider that only 5 States have reduced their local currency debt in 2017: Delta Ebonyi Edo Gombe Kebbi
Dr Yemi Kale Kemi Adeosun 10. With 3 reducing their external debt in 2017: Adamawa Katsina Nassarawa
Dr Yemi Kale Kemi Adeosun 11. This is an illustration of mortgaging future generations & I doubt if a more worrying picture of the state of the states can be painted.
Dr Yemi Kale Kemi Adeosun 12. just had to add this...interesting to point out that total state govt debt is about N4.4trn & TOTAL annual states IGR is ONLY N800bn 😰