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BudgIT Nigeria Profile picture
@BudgITng
Sep 19, 2018 • 8 tweets • 6 min read • Read on X
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Extracts from the 2018 State of States Reports!

THREAD!!!

This is how your state generated its IGR in 2017! Its Obvious Lagos State is the Elephant in the room.

#StateOfStates2018
#AskQuestions
This is what your state is owing when it comes to DOMESTIC DEBT. Well, Its obvious Lagos state is also taking the LEAD.

#StateOfStates2018
#AskQuestions
This is the details of what your state makes from your VALUE ADDED TAX. Nassarawa State has the lowest.

#StateOfStates2018
#AskQuestions
The allocated portions of FAAC each state got from January to June 2018! Delta State took the highest share.

#StateOfStates2018
#AskQuestions
The External DEBT of each state in one sheet. Obviously, it's in USD terms. Lagos State took the largest share of it.

#StateOfStates2018
#AskQuestions
Rankings of each state 2018 BUDGET size. Cross River State takes the lead with N1.3 trillion.

#StateOfStates2018
#AskQuestions
This is how well your state did with its PER CAPITA IGR in 2017. It's on the average of N3,818/year.

#StateOfStates2018
#AskQuestions
You want to find out if your state will be able to pay SALARIES and meet its other monthly RECURRENT expenditure? Well, we have for January to June 2018.

You wish to lay your hands on the whole report? You can download HERE: yourbudgit.com/wp-content/upl…

#StateOfState2018

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More from @BudgITng

BudgIT Nigeria Profile picture
Sep 20, 2018
THREAD: Friends, ahead of @EiENigeria and partners debate with Osun Guber candidates, let's have a quick review of Osun State Finances.

You will notice that Osun State receipts from FAAC has dwindled. From a Net FAAC Allocation of N46bn in 2013 to N10.4bn in 2017. #OsunDecides
Oil prices started falling in 2014, a big challenge for Osun State has been its accumulation of debt not linked to growth in internal revenues. Total Debt Stock moved from N51bn in 2013 to N167bn as at 2017. #OsunDecides
The big challenge for Osun State is the direct DEDUCTIONS by CBN before it earns FAAC allocation.

According to BudgIT Research, Osun gross allocation between 2015 and 2017 is meant to N109bn. However, N73bn was deducted leaving the state to receive on N36.5bn. #OsunDecides
Read 10 tweets
BudgIT Nigeria Profile picture
Aug 8, 2018
#Thread

NNPC claims it lost N111.42 billion worth of crude oil and products in its custody between 2015 - 2017. This is separate from the N427 billion it claimed as financial losses incurred at its corporate headquarters alone, CHQ within the same period.

#FixOurOil
NNPC paid N450 billion as subsidy to oil marketers without approval of the National Assembly. As a result, PMS 'consumed' JUMPED from 24.1m litres/day to a peak of 52.7m liters/day in March 2017. The extra, cheap fuel is sent out for sale neighbouring countries.

#FixOurOil
NNPC deducted N427 billion from Nigeria's crude oil revenue - without approval of the National Assembly @nassnigeria - to cover 'financial losses' at its corporate headquarters, CHQ alone between 2015 - 2017.

This is more than the 2018 budget for Health of N356bn.

#FixOurOil
Read 8 tweets
BudgIT Nigeria Profile picture
Jun 13, 2018
Join us at 12:00 pm as we discuss the Petroleum Industry Administration Bill @NRGInstitute @OSIWA1 #FixOurOil
What is the Bill meant to do? #FixOurOil
What is the objective of the PIAB? What is it meant to achieve? #FixOurOil
Read 27 tweets
BudgIT Nigeria Profile picture
May 29, 2018
THREAD: Here is the review of the performance of the current administration of @NGRPresident @MBuhari. We present few charts to show the economic directions, with recent growth less than 2%.

#DemocracyDay
From June 2015 to December 2017, FG has spent N13.23tn, with only 12% (N1.58tn) going to capital expenditure. Source: CBN
#DemocracyDay
FG has spent more on recurrent expenditure than revenue collected. This is shows that contrary to the Fiscal Responsibility Act, FG is borrowing to fund recurrent expenditure.
#DemocracyDay
Read 14 tweets

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