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Post by Honorebu on Jul 9, 2016 13:42:40 GMT
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Post by Honorebu on Jul 9, 2016 13:54:19 GMT
From my little understanding of econs, the state is quite healthy..tho they need to be careful because the gap between the revenue and the expenditures isn't that much. Just about 4 billion.. Some investments with the capital expenditures fit go flop even tho I understand the state mostly spend its capital expenditure on fixed assets The IGR is about 25 billion a month. So basically, Lagos IGR in 3 months is almost as high as Rivers state IGR for 2015 which stood at 81 billion Crazy! meaning the state will most likely topple the figures for 2015 despite the harsh economy omohayek hope say I no yarn dust
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Post by omohayek on Jul 10, 2016 10:59:41 GMT
From my little understanding of econs, the state is quite healthy..tho they need to be careful because the gap between the revenue and the expenditures isn't that much. Just about 4 billion.. Some investments with the capital expenditures fit go flop even tho I understand the state mostly spend its capital expenditure on fixed assets The IGR is about 25 billion a month. So basically, Lagos IGR in 3 months is almost as high as Rivers state IGR for 2015 which stood at 81 billion Crazy! meaning the state will most likely topple the figures for 2015 despite the harsh economy omohayek hope say I no yarn dust No, these numbers are very, very healthy! I particularly like how capex spending is so much bigger than recurrent expenditure - here is a state government whose leadership understands that there are more important tasks than just paying salaries. If more SW governors could rebalance their spending plans to look more like this, we would be in a much better position.
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