Yinka Chukwuemeka Ogunnubi Profile picture
Husband, Father.... Aspiring Pensioner! #ProudlyNigerian

May 28, 2021, 8 tweets

LAGOS STATE

Total Revenue 2011 - N314.28 Billion
Total Revenue 2020 - N534.92 Billion
Percentage Increase - 70%

IGR 2011 - N203 Billion
IGR 2020 - N419 Billion
Percentage Increase - 106%

FAAC 2011 - N112 Bn
FAAC 2020 - N116 Bn
Percentage Increase - 3.6%
#StateOfStates

DEBT STOCK - LAGOS STATE

Total Debt Stock
2011 - N233.77 Billion
2020 - N1.04 Trillion
Percentage Increase - 347%

Domestic Debt
2011 - N157.54 Billion
2020 - N508.78 Billion
Percentage Increase - 223%

@jidesanwoolu

#StateOfStates

Debt Per Capita - Lagos State

2011 - N21,858.28
2020 - N83,235.03
Percentage Increase - 281%

*2016 Population figures

#StateOfStates

@followlasg

Debt to Revenue Lagos State

2011 - 74%
2020 - 195%

Percentage Change 163.5%

#StateOfStates

Share of Total Revenue - Lagos State

2011
- IGR: 65%
- FAAC: 35%

2020
- IGR: 78%
- FAAC: 22%

#StateOfStates

Lagos State - IGR Breakdown (2018 - 2020)

PAYE - 66%
Other Taxes - 15%
MDA's - 12%
Road Tax - 3%
Direct Assessment - 4%

#StateOfStates

Lagos State - Number of persons employed vs unemployed per sq km (2020)

- Employed: 934
- Unemployed - 552
- Not in Labor Force - 1,226
- Jobs per sq km - 1,486
- Unemployment rate 37% (National Avg 33.3%)

#StateOfStates

Lagos IGR vs Total Revenue SE and NE

Lagos Total IGR (2011 - 2020) - N3.04 Trillion
SE Total Revenue (2011 - 2020) - N2.98 Trillion
NE Total Revenue (2011 - 2020) - N3.15 Trillion

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