Lagos State Archives - Gifted Analysts

Fiscal Stability – A Need for States to Look Inward

By Popoola AkintayoPosted on February 18, 2022Posted in EconomyTagged FGN, Fiscal Policy, Lagos State, Nigeria, Revenue, States7 Comments

The existing revenue-sharing structure of the government stifles innovation and prevents the state from looking inward to improve revenue since the Federal Allocation remains intact. The major source of revenue for most States is the funding from FAAC, with many contributing little to the pool. Oil revenues which make up more than 42% of government income are generated from activities in oil-producing states, mainly in the South-South region, a fraction of the nation.

How Profitable is the Lagos Property Market?

By Adebisi SamuelPosted on October 24, 2020Posted in Business & FinanceTagged HOUSING SECTOR, Lagos State, Property market, Real estate, ZonesNo Comments

This report examines the property market in Nigeria based on the data obtained from the NIESV.

2019 States IGR Report: States are not Taxing the Informal Sector Enough

By Sheriffdeen AdeotiPosted on May 27, 2020Posted in Articles, EconomyTagged FAAC, IGR, informal sector, Lagos State, local government, Salaries, StatesNo Comments

65% of the total revenue of the 36 states and the FCT in 2019 came from FAAC while the remaining 35% came from IGR of the states. From the IGR, over 60% came from the formal sector (PAYE) while 20% came from the informal sector (Other Taxes and Direct Assessment).

COVID-19: What we Learnt One Week after Gradual Ease of Lockdown

By Abdulazeez KurangaPosted on May 10, 2020Posted in ArticlesTagged Coronavirus, COVID-19, Lagos State, Lockdown, Nigeria2 Comments

On 4th May, the first phase of the gradual ease started and residents of Lagos state and Abuja were able to go out to their places of work again. As an independent economic research group, we also set out to observe how the citizens went about their economic activities, how they conveyed themselves, the cost associated with the movement as well as the activities of the transport unions in enforcing social distancing.

COVID-19: Now is the Time for LASG to Lift Ban on Okada and Keke Napep

By Abdulazeez KurangaPosted on April 28, 2020Posted in ArticlesTagged Coronavirus, COVID-19, Keke Napep, Lagos State, Lockdown, Okada, World2 Comments

This article gives an insight into how the citizens will likely react to the ease of lockdown within the first few weeks. It also explains why the use of Okada and Keke Napep will reduce contacts once the lockdown is lifted.

Data on Lagos State Finances (2016-2018)

By Abdulazeez KurangaPosted on April 14, 2020Posted in DataTagged Debt Service, Expenditure, Federal Allocation, Finances, Lagos State, Revenue, taxNo Comments

Between 2016 and 2018, Lagos State Government has spent N712.76 billion on recurrent expenditure while N703.36 billion was spent on capital expenditure. While N122.595 billion was obtained as Federal Allocation from 2016 to 2018, the Lagos state government was able to generate N853.95 billion as tax revenue during the same period under review. Lagos state […]

Kwara State 2020 Budget: Good Intentions, Faulty Assumptions

By Abdulazeez KurangaPosted on December 22, 2019Posted in ArticlesTagged 2020, Budget, Expenditure, Finance, Kogi, Kwara State, Lagos State, RevenueNo Comments

Total revenue as at October 2019 was N85.12 billion which shows that revenue underperformed by 34.69% when compared with N130.38 billion projected revenue for 2019. Total expenditure as at October 2019 on the other hand, was N77.37 billion which also underperformed by 40.66% when compared with the projected expenditure of N130.38 billion for 2019.

More Than 90% of the 774 Local Government in Nigeria Exist to Only Pay Salaries

By Abdulazeez KurangaPosted on October 28, 2019Posted in ArticlesTagged IGR, Kwara State, Lagos State, local government, Nigeria, Personnel Cost, SalariesNo Comments

There have been different views on the activities of the 774 local government in Nigeria as the need to cut down expenditure arises while ensuring growth among all areas of the country. This article therefore seeks to provide empirical answers to the activities of local government in Nigeria based on their finances.

The World, Africa, West Africa and Nigeria’s Economy in 2018

By Abdulazeez KurangaPosted on October 22, 2019Posted in Analytics, ArticlesTagged Africa, Data Base, Economy, IMF, Lagos State, Nigeria, United States, West Africa, World Economic Forum2 Comments

In 2018, the International Monetary Fund (IMF) put the value of all goods and services produced in the world at $84.74 trillion with the United States as the largest economy in the world at $20.49 trillion which is about 51 times the size of Nigeria’s GDP (Africa’s largest economy).
This research therefore aims to give a break-down of the world economy in 2018 with specific focus on Lagos State, West Africa and Africa while giving insights into comparing different economies.

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