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Lagos debt hits N1trn as Economic Confidential releases list of high, low indebted Nigerian states

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Lagos State is number one among the exceptionally obliged states in Nigeria in both outer and residential obligations with N1.043 trillion out of 2018, the most recent report by the Economic Confidential has appeared.  While the outer obligation supply of Lagos adds up to N513.514 billion, the neighborhood obligation stock settled at N530.243 billion.

In the distribution’s Annual High Indebted States (AHIS) report on 2018 External and Domestic Debts, the sum owed by Lagos speaks to around 20 percent of the complete obligations owed by the 36 states and the Federal Capital Territory (FCT) which is N5.376 trillion of every 2018. Other very obliged states for the outer obligation 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) separately.

Among the initial five very obliged states in the neighborhood obligation stock, Lagos develops tops with N530.243 billion, trailed 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 demonstrates that outside Lagos, other very obliged states for remote obligation 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 rundown of least obliged states in the outside obligation 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), individually. Five states represent the least in both household and outside obligations.

Yobe state has a sum of N37.667 billion, Jigawa N46.586 billion, Sokoto N52.723 billion, while Katsina and Niger states have N53.220 billion and N63.915 billion individually. However, the FCT as an express, its outside obligation profile for 2018 is $31.848 million (N11.465bn) while the household obligation is N164.245bn bringing a sum of its outer and local commitments to N175.710bn.

It is commonly realized that the vast majority of the states’ inside produced income scarcely spread undertakings and most depend vigorously on the month to month government designations from the Federation Account Allocation Committee (FAAC). In May, Economic Confidential discharged its Annual States Viability Index (ASVI) report.

It demonstrated that 17 states were wiped out as their Internally Generated Revenues (IGR) in 2018 were far underneath 10% of their receipts from the Federation Account Allocations (FAA) around the same time. States produced the IGR through Pay-As-You-Earn Tax (PAYE), Direct Assessment, Road Taxes and incomes from Ministries, Departments, and Agencies (MDAs).

The IGR of the 36 conditions of the organization totaled N1.1 trillion out of 2018 when contrasted with N931 billion of every 2018, an expansion of N172 billion. The file pronounced that without the month to month payment from the FAAC, numerous states stay unviable, and can’t get by without the governmentally gathered income, for the most part from the oil division.

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Buhari approves new appointment

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President Muhammadu Buhari approved the appointment of Captain Musa Nuhu as the new Director-General of the Nigerian Civil Aviation Authority (NCAA).

Latest Nigeria newspaper report that It will replace Captain Muthar Usman. Until his appointment, Nuhu was the Permanent Representative of Nigeria to the International Civil Aviation Organization (ICAO).

He is an airline pilot, security expert, leading quality control auditor, and artificial intelligence expert. Nuhu has a master’s degree. Bachelor of Business in Aviation and was in the Presidential Air Fleet as Captain and security officer.

Latest Nigeria newspaper report that He also worked at Nigeria Airways, Aero Contractors and Petrowest, among other organizations.

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Declare state of emergency on education – CLO tells Gov Emmanuel

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The Civil Liberties Organization, a chapter of the state of Akwa Ibom, has asked Governor Udom Emmanuel to declare a state of emergency in the state’s education sector.

The president of CLO in the state, Franklyn Isong, said this in his office in Uyo, the state capital while informing journalists as part of activities to commemorate World Teachers’ Day with the theme “Young teachers: the future of the profession.”

He said the need became necessary to stop the serious decomposition of infrastructure and insecurity in state public schools.

Isong criticized the content of the education presentation recently organized by the state government, describing it as “urbanized” and not with the intention of capturing the deep crisis that was shaking the sector in the state.

He said: “It is worrisome and sad that most public schools in some communities in Akwa Ibom state are in ruins, insecure and left to the destiny of the communities without government attention.

“All that is needed is for the Governor to take bold steps by declaring a state of emergency in the education sector to build more classroom blocks in rural and urban schools, provide good infrastructure such as science equipment, libraries, laboratories, as well as review the education curriculum to ensure a better and safe future for children in the state of Akwa Ibom. ”

He thanked the state government for tameing the right to basic education of the Akwa Ibom child in free and compulsory education and urged the state government to do what is necessary.

“The right to basic education of all Nigerian children, as enshrined in the Child Rights Act of 2003 in Article 15 (1), had been tamed under the Akwa Ibom State Child Rights Act, to ensure that every child in the State of Akwa Ibom the right to compulsory, free and qualitative basic education. ”

Isong added that; “In the Fundamental Principles and Directives of State Policy, as set out in Chapter 2, Section 13 of the Constitution of the Federal Republic of Nigeria of 1999 (as amended), the government has the responsibility to ensure that the education of Nigerian children be free and qualitative. ”

He also urged the government to address the numerous complaints of delays in the payment of pensions and unpaid tips to relatives of late elementary school teachers with delays in 1991 and to provide an improved social assistance package for teachers in public schools throughout the state.

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We will attack DSTV, MTN, Shoprite, Stanbic IBTC, others if they don’t leave Nigeria – Yoruba youths

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After the xenophobic attacks against Nigerians and Nigerian companies in South Africa, the Oodua Youth Coalition, OYC, has granted South African companies and businesses seven ultimata to leave Nigeria.

Latest Nigeria newspaper report that the group president, Oluyi Akintade Tayo, the refusal of the interested parties to give in to the notice of resignation will mean death.

While expressing disappointment at the attitude of South Africans against Nigerians living and working in South Africa, particularly what they described as the continued silence of the South African government on development, the group emphasized that during the apartheid era, which was the time Difficult of In the rainbow country, Nigeria was firm with them.

The statement says: “Oodua Youth Coalition (OYC), the most crucial youth group in Nigeria that projects and protects the Yoruba nation in the country, is sad and angry because South Africans, with the support of the country’s authorities, are coordinating the looting and burning of Nigerian businesses and mutilations and murders of our brothers and fathers on earth.

“It is unfortunate that South Africa, which under the apartheid regime had the support and solidarity of the Nigerians and the government while the white supremacists reigned supreme, is now turning to inflict physical and psychological pain and injury to the people whose parents committed great harm.” part of wages and profits and the community to end the apartheid reign.

“The circulating video in which Mr. Bongani Mkongi, the Vice Minister of Police of South Africa, defended the attacks against Nigerians and other Africans confirmed our previous fear and doubts about the guilt of the South African authorities. It is disconcerting that the country whose former leader, the late Nelson Mandela, recognized Nigeria’s efforts to elevate the South African-led government, is expelling other Africans, mostly Nigerians, energetically and with shame.

“We have tolerated the excesses of these South Africans whose businesses have prospered in Nigeria without any physical and psychological attack. For months, the coalition has written several letters to the South African consulate in Nigeria requesting meetings to chart a way forward and find a lasting solution for these unfortunate and barbaric incidents that have still been ignored or have run into a brick wall.

“OYC, after an emergency meeting, has concluded plans to, as a matter of urgency, attack all South African companies and facilities in Nigeria, especially in the southwest region of the country. DSTV, MTN, SHOPRITE, STANBIC IBTC, and other outlets are our goals.

“Therefore, we give these South African companies a maximum of seven days to leave Nigeria or forget them, since our coalition, with other groups and comrades throughout the country, will attack them and burn them to ashes,” reads the notice.

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