January 9, 2013 by Sesan Olufowobi ⁠

The Lagos State Governor Babatunde Fashola on Tuesday said the first phase of the state Blue Light Rail project would be completed by June this year(2013).

He expressed confidence that Lagosians would start enjoying the services of the rail project immediately.

The first phase would run from Marina and terminated at Okokomaiko area in Ojo Local Government.

Fashola spoke during an inspection of ongoing projects in the state which took him and his cabinet members to Orile-Iganmu, Alimosho and Ejigbo areas among others to assess the level of works being done by contractors.

The governor, who inaugurated the trackwork of the blue light rail at Alaba Suru, Coker-Agunda Local Council Development Area, said the level of work on the road and those of the National Theatre and Alaba-Mile 2 rail stations, would ensure early completion

He said, “In order to finish the project, the contractor did not go on vacation during the festive period. This will ensure that the project is delivered on time for the use of Lagosians.

“The first section of this rail, which started from National Theatre, Orile-Iganmu to Mile 2 Bus Stop, would be fully completed with the tracks laid.

“Construction work will continue on the project from Orile-Iganmu to Marina, the expansion work on the road from Mile 2 to Okokomaiko will also be intensified.

“This is what we do with the loan collected by the government. We don’t use our loan to pay salaries and other recurrent expenditure, what we do with our loan is to provide capital projects that would serve the residents.

“When the project is completed, the state would be at par with other major cities of the world.”


For more information, read http://www.punchng.com/news/lagos-light-railll-be-ready-in-june-fashola/

Lagosians, brace up!!!

cool

YES MAN!

Action governor.

[quote ]“This is what we do with the loan collected by the government. We don’t use our loan to pay salaries and other recurrent expenditure, what we do with our loan is to provide capital projects that would serve the residents.[/quote]

Ok. So what do you do with N30b monthly income from both IGR and Feds allocation if you are admitting that you do capital projects with the loans?

Fashola Baba. Haters can hug the next available and functional Transformer.

Frank-C:


Ok. So what do you do with N30b monthly income from both IGR and Feds allocation if you are admitting that you do capital projects with the loans?

Roads have been fixed, drainage systems have been constructed, hospitals and schools have been upgraded. Surely the hand out from the FG is not enough to take care of 17million people.

ACN always ahead

Frank-C:


Ok. So what do you do with N30b monthly income from both IGR and Feds allocation if you are admitting that you do capital projects with the loans?

seanet01: Fashola Baba. Haters can hug the next available and functional Transformer.

Fashola is Working
Lagos is Moving Forward
Haters are Murmuring
Eko oni baje oooooo

Frank-C:


Ok. So what do you do with N30b monthly income from both IGR and Feds allocation if you are admitting that you do capital projects with the loans?

Lagos has roughly about 11 billion NGN left for capital projects from my monthly calculation, provided the recurrent expenditure is removed from the annual budget. Take a look below...just saying

Tony Spike:
LOCATION: Lagos State, Nigeria
MONTHLY GROSS INCOME: 30 Billion NGN (of which 23 Billion NGN is internally generated)
ESTIMATED POPULATION: 18 million
MONTHLY NET INCOME*: 10.86 Billion NGN (Assuming 2013 monthly estimates of 19.14 Billion recurrent expenditure http://www.punchng.com/news/lagos-assembly-hikes-own-budget-by-n2bn/)
PER CAPITA INCOME (Based on *): 603 NGN per head only


NB: *represents the actual capital expenditure of the State

This will be great

Nice, its even sooner than i expected. If this is acheived in record time, Fashola will prove he's the best Governor in Nigeria.

Oh good. Now i can get half of my village people to relocate to Lagos

Otherwise, no FG guarantee for World Bank Loan.

.....and you think you've asked an intelligent questions

Frank-C:


Ok. So what do you do with N30b monthly income from both IGR and Feds allocation if you are admitting that you do capital projects with the loans?