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2024 Gubernatorial Race: Why Uzodinma Must Not Be Returned

November 21, 2022 11:36 pm

A few weeks ago, Nigeria’s electoral umpire, the Independent Electoral Commission (INEC), announced that the next gubernatorial election in Imo State will be held on the 11th of November, 2023. This was a confirmation that following the January 2020 Supreme court magic, Imo State has now joined the League of Nigerian states that now hold off-cycle governorship elections.

As expected, the cloud is gathering and the rainmakers are smiling. The usual gladiators have commenced their usual games and this time, they are not prepared to leave any stone unturned for any reason. The prize is Douglas House and it seems …

4th Mainland Bridge: 800 Houses To Be Demolished In Lagos

BudgIT Lied: Lagos Is Financially, Economically Stable – LASG

September 29, 2020 6:30 am

Lagos State Government has refuted claim by BudgIT that the state is not financially and economically stable.

Commissioner for Finance, Rabiu Olowo, in a statement said Lagos State is economically and financially solid.

”This is contrary to the publication by BudgIT, a public finance analyst, titled ‘Ability of States to Meet Monthly Recurrent Expenditure and Loan Repayment Obligations, 2019’, which the Governor Babajide Sanwo-Olu administration described as “misinformation”. BudgIT has apologized for its error.

Read Also: Relaxation Of Curfew: Cinemas, Bars Remain Closed – LASG

“Here are the facts: Lagos State continues to meet all its recurrent and loan service …

How States Radically Spent ₦2.67tr In 2018, By BudgIT

October 24, 2019 4:53 am

States expended a whopping ₦4.319 trillion to fund their operations in the 2018 fiscal year, according to a survey by BudgIT, a fiscal governance organisation.

According to the survey released in Abuja yesterday, of the amount, recurrent spending gulped ₦2.67 trillion, while a paltry ₦1.648 trillion was devoted to capital projects.

Capital projects are supposed to touch the lives of the masses.

The survey also revealed that most of the states were grossly unable to realise their revenue targets, due to grossly inadequate Internally-Generated Revenue (IGR); hence their over-reliance on the Federation Account Allocation Committee (FAAC) takings.

It cited …