Tonylyte:
Read your previous posts to me and tell me who is the kid here. Am i not dumb anymore, as u said in your previous post?

mapet: @Musicwriter,

I respect your opinion but totally disagree. You don't blame your inability or lack on the next person. Just like a case of 2 folks that started out at the same time, one went to school and the other did not. The former went on to own a supermarket and the latter came in and started complaining that his goods are way too expensive and that he's taking advantage on him because he has no where else to go.

My simple analogy above, may not be as simple in the reality but the sense of it subsist. First off, we need not drool on our current state but move progressively toward development. God willing with proper management, we also should strive to get into the realm of the BRICS, where our economy will be robust and we can also be part of syndicate that give out loans

I also think the world bank and IMF have been much more agent of good. If you look at the areas where these loans are targeted in Lagos state from the report for starters, Education, Water, Roads and Infrastructure etc, then it should tell us it is to the benefit of common man. But why are we bothered about World bank and IMF while right under our noses, the monies that can assist in all these areas are taking flight left, right and center... right under our nose the FG are yet to account for $20billion, which as Fashola stated, could have been used to increase our power generating capacity to over 10GW.

olushowunm: . And you just displayed the highest height of ignorance, because you never made any point but a personal attack. So come up with your opinion and let's weigh it in public court of opinions and let's see who have a superior argument.

msmon:

Oh! See Economist, you call this healthy loan when the cost of servicing the loan is almost as much as the loan itself when it's cumulative. Abeg Park well!

msmon:

Oh! See Economist, you call this healthy loan when the cost of servicing the loan is almost as much as the loan itself when it's cumulative. Abeg Park well!

raumdeuter:

Can you read and write? Now relate the post you quoted to the morronic response you gave just now

texaco1: how can a sensible person reason like this for goodness sake? This is totally disgusting and annoying. Nigeria is in deep shit if some people still think like this

Abagworo:


Please check the records and notice that Anambra under Peter Obi increased their debts. Only Abia State paid off some of its debts.

I don't usually see anything wrong with borrowing once judiciously used but $1,000,000,000 is not a small amount. I think we should be careful how we praise Fashola because even a mad man with money can give impression of performance.

pelvicky: Wats wrong with this APC STATES, same here in osun state under rauf aregbesola administration....Borrowing money and money as if their is no tomorrow....debtors party.

raumdeuter: Since Lagos houses 1/3 of Nigerias fresh graduates

Lagos infrastructure would continue to be stretched when some people cant stay in their region

thus the need to borrow.

Fashola needs to deploy more babaloja out to increase market levies in Alaba, Computer village, Trade fair, Ladipo and Aswani etc

You cant be living in Lagos and enjoying its benefit for free

fairheven:
IMF AN WORLDBANK agents of good,serously?Those two institutions have never done any country any good.
Nigeria joining the BRICS,Technically Nigeria is already there;South Africa is part of BRICS,an by GDP Nigeria has overtaking South.

chemali: Nigeria's debt increased by 35% in one year and it's not raising eyebrows? Are we not still selling oil? What project was done in one year?
With regards to Lagos state, it will do you good to reflect on how the state's revenue profile has increased vis a vis it's debt profile.
You cannot apply the same logic to the Federal government that keeps reducing capital expenditure and increasing recurrent expenditure.

kernel504:

I guess you don't seen to know the amount of money in question.
Lagos state cannot pay that money in full within the space of 7 years even if she stops every recurrent and capital expenditure.
We are talking of billions of dollars not Naira, please multiply $1 billion against 170 places.
Lagos could only generate N263 billion last year.
Am Pro-Fashola, but am been objective here,ok?

Guk: Pages 43 & 44 should provide info about how Lagos State is dealing with the debts http://www.lagosstate.gov.ng/mepb/LAGOS_Y2014_Q2_Budget%20Appraisal.pdf

mapet: and if I am making assumption that the underlined is not a figment of your imagination, please can you educate us further with the details of the debt? What is the tenor of these debt? what is the interest rates? what's the signed pay back arrangement? etc

Do you guys think these were not subjected to scrutiny by risk analysts? Do you think mere taxes with half of the citizenry do not pay can match the rate of capital projects currently in place? to lace a rail line and roads from boarder Badagry to Marina is 10kobo?

Gbawe:

Bro, I praise your effort aimed at explaining things in a sensible manner. Yet you are ultimately wasting your own time once you are dealing with folks who think debt is automatically bad. You will never get such folks to understand the concept of using OPM ("other peoples money" responsibly to build success and aid socio-economic progress.

DMO DG Nwankwo recently said no state in the country at present has debt that is unsustainable and in the case of Lagos, he says evidence abounds as to what it is using the money for.


http://www.thisdaylive.com/articles/lagos-goes-for-more-loan/162727/

arresa:

That's your oga from Debt Management Office (DMO). Unfortunately he can not say the same about your indebted states with nothing to show for their gbese..

kernel504:

I guess you don't seen to know the amount of money in question.
Lagos state cannot pay that money in full within the space of 7 years even if she stops every recurrent and capital expenditure.
We are talking of billions of dollars not Naira, please multiply $1 billion against 170 places.
Lagos could only generate N263 billion last year.
Am Pro-Fashola, but am been objective here,ok?