Lagos Owes $1bn Of States’ $3bn External Debts - Politics (2) - Nairaland
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| Re: Lagos Owes $1bn Of States’ $3bn External Debts by LMAyedun(m): 6:28am On Sep 05, 2014 |
eaglechild: Eko oni baje!We call it Progressive debt  10 Likes |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by segradino(m): 6:28am On Sep 05, 2014 |
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| Re: Lagos Owes $1bn Of States’ $3bn External Debts by Nyaknor(m): 6:30am On Sep 05, 2014 |
 :o1billion naira??....1 Like
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| Re: Lagos Owes $1bn Of States’ $3bn External Debts by raumdeuter: 6:31am On Sep 05, 2014 |
Thats about the same amount Ebonyi governor package for some phantom IPP |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by ogbuchukwuemeka: 6:32am On Sep 05, 2014 |
the future governors will spend most of their tenure paying for the money they did not see 2 Likes |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by ednut1(m): 6:34am On Sep 05, 2014 |
Mubby4luv: Smh!smh for ur English teacher o |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by bunmioguns(m): 6:39am On Sep 05, 2014 |
just passing by |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by Mubby4luv(m): 6:41am On Sep 05, 2014 |
ednut1: smh for ur English teacher o 3 Likes
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| Re: Lagos Owes $1bn Of States’ $3bn External Debts by thunder74(m): 6:43am On Sep 05, 2014 |
Hope Fashola will settle these debts before I take over as the next governor of Lagos. Me I can't pay debt o. 1 Like |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by TheProdigy(m): 6:44am On Sep 05, 2014 |
Towing the path of the USA ... |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by emmalexabl(m): 6:45am On Sep 05, 2014 |
This is just amala politics at its best !! Eko oti baje oooo !! 1 Like |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by ndufrank: 6:46am On Sep 05, 2014 |
Lagos is governed by criminals waiting to be jailed. The APC bunch of drunks looting their states dry should be ready to rot in jail soon. 5 Likes |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by egopersonified(f): 6:47am On Sep 05, 2014 |
dridowu: gbese be ds ooooooooooooooooooo, mo ku mogbe mo daran, who go pay am ? Hope you are still alive? |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by juman(m): 6:51am On Sep 05, 2014 |
The next governor of lagos need to borrow up to twenty billion dollars or more to get the desire result. Building a country requires large amount of money. 1 Like |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by chuqudy(m): 6:52am On Sep 05, 2014 |
Laff will comot your kidney @ http://..com/ |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by 360musicng(m): 6:56am On Sep 05, 2014 |
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| Re: Lagos Owes $1bn Of States’ $3bn External Debts by Stevejog(m): 6:56am On Sep 05, 2014 |
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| Re: Lagos Owes $1bn Of States’ $3bn External Debts by Godsate: 6:57am On Sep 05, 2014 |
Imaging APC ruling Nigeria, The country would have been traded off completely. 2 Likes |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by Lekcy001(m): 6:57am On Sep 05, 2014 |
pogresive DEBT indeed..........ati owo olowo ati owo eni ki olorun ma fi ikan kan won wa.......................EKO ONI BAJE OOOOOOOOOO. O BAJE TI. |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by Tonylyte(m): 6:58am On Sep 05, 2014 |
Tinubu running lagos dry since 1900. U knw, atleast lagos' case is better than that of ghana....gej till 2099. 1 Like |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by ifyalways(f): 6:59am On Sep 05, 2014 |
juman: The next governor of lagos need to borrow up to twenty billion dollars or more to get the desire result. What are they currently building in Lagos? VGC pedestrain bridge,abandoned! Ajah express,abandoned! Lekki sea and airport,abandoned! Please,what capital intensive work is currently going on in Lagos state ? Where does the taxpayers money go to? Ogbanje Lagos.I love and live at Lagos, oni ogbanje.  14 Likes |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by dammytosh: 6:59am On Sep 05, 2014 |
Hahahahahahahahhaa Lagos is werking on loan, tax , toll gates ...... Fashola is Twerking, Lagos is bleeding Overrated baboons 2 Likes |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by msmon(m): 7:00am On Sep 05, 2014 |
As instigated by Don Ojugo Tinubu! |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by wellmax(m): 7:04am On Sep 05, 2014 |
eaglechild: Eko oni baje! Dumb ass, did ýoü read ŧħē full text at all? |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by kernel504(m): 7:05am On Sep 05, 2014 |
eaglechild: Eko oni baje! Western governors needs to wake up. The cost of servicing such debt can be heavy, and can hamper the development of subsequent government. Am pained to belly when l saw how much Lagos is owing, with Lagos generating the highest internally generated revenue in Nigeria, why are they in debt? Today, Nigeria government uses 1/10th of her budget to service debt. 6 Likes |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by fx45(m): 7:06am On Sep 05, 2014 |
raumdeuter: Since Lagos houses 1/3 of Nigerias fresh graduatesThe same stale news all the time... And yet U call Urself sensible 11 Likes |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by Tonylyte(m): 7:06am On Sep 05, 2014 |
Khaynet: its normal to owe moneyNormal for a state out the 36 states to owe over 30% of the countries external debt, right? If it was bayelsa, enugu, anambra, cross river or delta state, would u say the same? Apc, bloody hypocrites. 4 Likes |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by olushowunm(m): 7:06am On Sep 05, 2014 |
Most people here are getting the news wrong. First, for Lagos, its an healthy loan, because Lagos currently have over N450billion ($2.8125billion) which is healthy. Do most people compare Lagos to Plateau, they are not the same pedestal as Lagos is thirsty for growth and also with huge revenue potential. Do you expect a place like plateau waiting for federal allocation and some meagre IGR from Nabisco and Grand Cereals to take $1b debt? Who will give them? Not in this world! 4 Likes |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by raumdeuter: 7:07am On Sep 05, 2014 |
fx45: Can you read and write? Now relate the post you quoted to the morronic response you gave just now 2 Likes |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by raumdeuter: 7:08am On Sep 05, 2014 |
Tonylyte: How much do these states generate internally and whats the population 1 Like |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by KwoiZabo(m): 7:10am On Sep 05, 2014 |
Fash-ole only know how to criticize and give speeches. The state is the smallest in terms of land mass but only rivals Abia state in terms of bad roads. 1 Like |
| Re: Lagos Owes $1bn Of States’ $3bn External Debts by musicwriter(m): 7:10am On Sep 05, 2014 |
The world bank and IMF are agents of poverty. After the fall of colonialism it was created as a neo-colonial instrument to make nations to become loan dependent so they (world bank and IMF) could earn money by having nations service huge loans. Over the years they've mastered the scheme of luring nations to povery using what I call ''trojan'' loan. They're really not interested in any development in Lagos but is more interested that Lagos is capable of servicing it's loan. The IMF and world bank particularly love countries and states like Lagos with good financial prospects cause they're assured they will be capable of servicing their loans FOREVER. Though Lagos have borrowed about $1 Billion but by the time it's all cleaned and dusted Lagos would have paid about $8 - $9 Billion servicing it's loan. This's how the west rip-off poor countries, and this's why we remain poor working for them. It's a real ''monkey dey work baboon dey chop'' situation. Of course this's all possible with the collaboration of corrupt government officials. For more details on world bank and IMF rip-off strategy check out the below blog - August. Africans open your eyes!. 5 Likes |
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