iykak47: The report says Lagos state owns 33.86 percent of the country's total sub-national external debt, this is the 5th page, still those defending Fashola and his master Tinubu on the issue can't specifically say what Lagos state is doing with the borrowed money. Where are the mega projects? Must people defend their demi-gods even if it doesn't make sense?
AS usual they're playing the population card on the matter which Kano or some states can collectively play also.

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/

Gbawe:

You think these guys have the capacity to listen to the authoritative and informed opinion of an involved technocrat? No. They only know how to hate others ignorantly and illogically. They will certainly not accept expert contribution stating that Lagos can service her debts and that the fund obtained are being used judiciously.

arresa: The DMO director himself specifically addressed your petty and ignorant concern about what Lagos state did with borrowed funds. It's there in red if you know how to read and comprehend...

In other news, Enugu is one of the poorest states in Nigeria with the lowest state budget at N93 billion and still saddled with $60 million debt, please kindly explain to us what Enugu did with that debt and and exactly how manageable that debt is considering the fact that Enugu is a poor state with one of the lowest budgets in Nigeria..

Show is the new classrooms, new hospitals, new bridges, new skills centers, new water works, new maternity centers and so on and on...

I'm 100000000000000% sure you can not show us any damn thing...

iykak47: Oga wetin come concern Enugu for this bad report? Is like talking without saying anything, i asked where are the projects?.You are running from pillar to post. We are talking about a state that owes 33.86 percent of the 36 state governments debts, a state that has monthly internal generated revenue of about 17 billion naira. Guy u no get conscience at all ooh.

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/

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

mapet: 1. Ok. so that we do not argue on fallacy but rather on facts. I also want to be educated. Please do itemize all "no good" these two institution have never done any country. List all the alleged bad or damages they have done to countries.

2. Nigeria is nowhere near the BRICS, neither anywhere near joining, just an aspiration. To the best of my knowledge, it is even the Lagos State Government that had recently started that aspiration for BRINCS with the previous economic summit. There are formal procedures for joining or being part of BRICS and South Africa only made it in 2010. The recently rebased GDP, which I believe have not yielded consequent economic indicators to classify us either as a developing or industrialized economy, itself is not a justification. South Africa went through rigorous scrutiny to make it to the BRICS, mere rebasing your GDP is useless to the effort. The last I check all members of BRICS are members of G20, is Nigeria a member?

OAUTemitayo:
Using your logic, why would Lagos not be able to pay off its debt in a year if it stopped all recurrent and capital expenditures?
remembered you said Lagos owes $1billion and it generates $ billion?
Waiting for your answer

fairheven:
If u know the antecedents of IMF AN THE WORld BANK u won't say such,those two practicaly destroyed the economies of south East Asian countries,the "asian tigers",u forgotten?the current one ,Argentina is held by the jugular by the same Institutions.
BRICS is just a name given to those countries by an economic analyst ,Jim O'Neill of Goldman sach,so if Nigeria joins tomorrow,the acronym will simply change to accomondate the letter "N".an membership is just a matter of GDP and estimated growth,u don't need to bring"goat an kola nut" to do so,u can do ur research again.

Genius100: There are a lot of Ignoramuses and mo-rons on this thread..

The US owes $16 trillion in debt... As long as the state/country can generate enough money to repay the debt and as long as it's obvious what the debt is being used for, it's no big deal..

Genius100: There are a lot of Ignoramuses and mo-rons on this thread..

The US owes $16 trillion in debt... As long as the state/country can generate enough money to repay the debt and as long as it's obvious what the debt is being used for, it's no big deal..

Genius100: There are a lot of Ignoramuses and mo-rons on this thread..

The US owes $16 trillion in debt... As long as the state/country can generate enough money to repay the debt and as long as it's obvious what the debt is being used for, it's no big deal..

iykak47: Fashola and his master Tinubu on the issue can't specifically say what Lagos state is doing with the borrowed money.

arresa:


You know, I used to think it's ignorance and illiteracy, but it's quiet obvious it's way way more than that...

Gbawe:

Of course it is. look at those who are the main instigators of all antagonism of Lagos and the SW, to the extent they are happy to ignore the input of knowledgeable and involved professional experts, and you will discern their real 'issues'. Ask yourself if it makes sense for someone from Enugu to ignore the affairs of his own State, and the conduct of his Governor, to focus on what Amosun, Fashola and Aregbesola are doing 24/7.

Do you come here daily to obsess about Enugu or Ebonyi? As a balanced person, do you come here daily to shed tears over what Abia owes when it is entirely normal to leave that to Abians to worry about? Bro, once you understand the core issues of these clowns then you won't engage in any back and forth that indulges their malevolent and unobjective obsession with everything/everyone from the SW.

seanet02: There is a reason why some us usually bash those el-retardos from the other side of the Niger.
While carrying Lagos issues for head, they don't even bother to carry their own states issues for hand.
Dont mind them.

ba7man: And they now wonder why nothing is happening in their States.

Gbawe:

Bro, it is not even Lagos alone. Think of how mentally unbalanced some folks are when they leave their SE States to aimlessly roam the SW taking pictures of slums in Osun and Ekiti merely because they think this helps their mission of taking some post-civil proxy fight to the Yorubas. A sane person knows that the war is history and it is best for all sides (especially the young generation who did not witness the civil war) to move on, get along and be happy rather than for some to keep thinking they must 'get even' even if this means continuing the hatred through a vicious and non-ending cycle of indoctrinating their children with hateful and one-sided tales about 'evil/backstabbing Yorubas'. These children hear the bitter stories so much to the extent their aberrantly malevolent 'amebo' behaviour we see here day in day out is the outcome of the pain others force them to carry.

The clowns do not understand that most balanced Yorubas do not deny that we have slums everywhere since pragmatic intelligence and a devotion to accepting reality shows most Yorubas that these slums are an indication of past bad leadership and poor socio-economic management which can be improved upon with visionary and talented leadership. Indeed this is what the new generation of focused leaders like Fashola, Amosun, Aregbesola et al are determined to reverse. Now, considering that the entire world knows that all corners of Nigeria has unsightly slums to include many from the SE we have all seen pictures of, why is it only Igbo posters who are obsessed with traversing Yoruba land on a picture-taking mission when a vice-versa obsession cannot be linked to the Yorubas who are their target? Why do the Yorubas seem at peace with themselves and others while Igbos, at least as their Nairaland behaviour indicate, show an unhealthy 24/7 obsession with the Yoruba ethnic group and their "problems"? The answer is obvious. Any savvy South-westerner who understands what is going on will simply scoff at their fake concern and attemtp to show "Yorubas are in trouble". It is all part of their malevolent agenda sensible Yorubas should know to laugh at. Okay Lagos, Ogun et al are "heavily indebted" and Yoruba "generations unborn will bear the burden". Fine. Can some folks then stop boring us with this same diatribe, leave us to our "debts" and "suffering" to go and mind the business of their home State be it Enugu, Anambra, Ebonyi, Imo or Abia?

PiperAlpha:
Its simple bro; nobody cares about them and their states.

eaglechild: Eko oni baje!

Dragging Nigeria deeper into debt while lining Tinubu's pocket.

Gbawe:


Their full attention is 24/7 on the SW to the detriment of their own development. The way some of them talk so bitterly and vehemently about Fashola, Amosun, Aregbesola et al, you would think that those men are their Governors and that they are from Lagos, Ogun, Osun et al and not Enugu, Abia, Anambra, ibonyi and Imo.

ba7man: He who bends down to watch another man's @rseh0le forgets that his own is wide open.

UNKNOWN.