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Nairaland Forum / Nairaland / General / Business / Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable (16411 Views)
Emefiele Promises Stable Naira In 2016 / Fitch Revises Lagos State's Outlook To Stable / GEJ's Economic Reforms Endorsed By Improved Fitch Ratings? (2) (3) (4)
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by F117A: 10:16pm On Sep 19, 2014 |
Can anybody tell me why fashola is not yet swimming in the bigger waters of the FG.? Its an injustice and a disgrace that GEJ is president ,when we have fashola around who is probably younger. 6 Likes 1 Share |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by Galadimabawa: 10:26pm On Sep 19, 2014 |
This eveny tori na long long one, I no fit read them all oooooo |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by LEXYCOM: 10:30pm On Sep 19, 2014 |
When will they rate borno state as SS |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by Waspy(m): 10:35pm On Sep 19, 2014 |
engineerd:Nah...just punning |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by sweetgala(m): 10:44pm On Sep 19, 2014 |
Some of you do not understand economics, even thou I don't understand it greatly myself, it is not difficult to see why Lagos would be exalted to an higher rating. People there are making a great effort to improve the economy , it is one of the first states to recoup taxes, they have a good service industry and it is both an industrial hub and financial hub. Trade and commerce also excels there. A good number of multinational corporations run their enterprise through there and MMA hosts some 75% of the national air traffic. It obviously has an unmatched advantage in the country. What the FD and respective state goverbments needs do is replicate such models in other key cities like kano, Kaduna , PH , Akure , Onitsha, Ilorin . One key to development is energy and a reliable national road and rail network among few necessities. And some of you mentioning employment ,need realise Lagos has a bloated population which it can neither support at the moment nor ever effectively do. It is however doing a more honest task of the hand it has been delt than any other place. Lagos state indegenes with all their Nigerian traits have always been proactive and require more of their leaders. Even in the military days we Ibadan people thought baba marwa was doing a decent job amid all the turmoil and uncertainty. All haters can break their head all they want , Lagos is different . It's not a city I like much. I can't live there it's too busy too congested , reminds of London. But I can appreciate it has been favoured due to it's national history and the advantage that provides. 3 Likes 1 Share |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by Nobody: 10:58pm On Sep 19, 2014 |
Wallahi I no understand 10kobo of wetin this OP yarn.. abeg who get secret of the sand season 2,borrrow me. |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by Ryabcool(m): 11:02pm On Sep 19, 2014 |
crusader01: I can't stop laughing at all the above comments. Wetin be difference between dem and boko haram wey no want Western education.i swear! Olodos everywhere! 3 Likes |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by israelBigFame(m): 11:04pm On Sep 19, 2014 |
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Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by olumuyiolaoluwa: 12:20am On Sep 20, 2014 |
Waspy: I love Abercrombie...I hate his Bit.ch #FitchRatingI love Abercrombie and Fitch (A&F) products especially the T-Shirts always my favourite. |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by Olyboy16(m): 12:23am On Sep 20, 2014 |
Dear seun , please next time when mods want to bring older topics to FP, make sure the old posts in it have not reached half of front page not to talk of getting to third page!! |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by Lamasta(m): 12:30am On Sep 20, 2014 |
Am hear to read comments |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by Frankenstein: 1:31am On Sep 20, 2014 |
egift: APC, please give us a Buhari/Fashola ticket in 2015!Why not Fashola/Buhari? 1 Like |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by agangadiman(m): 1:48am On Sep 20, 2014 |
egift: APC, please give us a Buhari/Fashola ticket in 2015! Why should that demon buhari be near fashola, intelligence and useless should not mix. 2 Likes 1 Share |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by jbanj4(m): 3:33am On Sep 20, 2014 |
Kilieleyi?? |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by marcyemi(m): 4:00am On Sep 20, 2014 |
olaxco2f: Too long jereWait make I read finish, I go tell you wetin the level..................... I guess na F..u. |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by Raypawer(m): 6:57am On Sep 20, 2014 |
murimoney: the PDP warriors will soon come in and shout FRAUD. |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by DSoj(m): 7:17am On Sep 20, 2014 |
I trust Fashola. He has paid huge sums for this |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by SurePresident: 7:59am On Sep 20, 2014 |
egift: APC, please give us a Buhari/Fashola ticket in 2015! They can only win with: Fashla as President/a Christian Northerner as Vice, with that, Nigeria will make Great Progress. Anything other than that, Jonathan has won already. 3 Likes 2 Shares |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by destante(f): 8:15am On Sep 20, 2014 |
....while standards and poor says Nigeria risks a downgrade in their impending ratings. Take Lagos out of Nigeria and there isn't much left. 3 Likes 1 Share |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by abdulwastecx(m): 8:16am On Sep 20, 2014 |
sammieguze: Ok....ok... Please what does all that means? The rating may not be useful to you because you don't understand it. good job is relative, what is good for yup may be bad for me. I still consider lagos the best place for job seaker and entrepreneur. Every major city have traffic issues. the revenue is channeled more into transportation infrastructure 2 Likes 1 Share |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by abdulwastecx(m): 8:26am On Sep 20, 2014 |
sarutobie: The only thing I understood there was 400billion naira!!..that is some serious cash mehn..e go make sense pass if that money go trickle down to the common man.. common man is a choice..we live in a world that is built on competative edge... get a good education, think and pull urself out of poverty |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by F117A: 8:26am On Sep 20, 2014 |
destante: ....while standards and poor says Nigeria risks a downgrade in their impending ratings. Take Lagos out of Nigeria and there isn't much left.Take newyork,london,paris,rome,jourhanesburg out of the US,UK ,france,italy and southafrica respectively and tell me what is left. 1 Like |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by destante(f): 8:46am On Sep 20, 2014 |
F117A: Take newyork,london,paris,rome,jourhanesburg out of the US,UK ,france,italy and southafrica respectively and tell me what is left.what? Please push out US. That economy has a very good geographic spread. 2 Likes |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by Validated: 9:05am On Sep 20, 2014 |
Orina: (The following statement was released by the rating agency) MILAN/FRANKFURT/LONDON, September 19 (Fitch) Fitch Ratings The areas in bold are of interest. Whereas Fitch expects IGR To grow by 150%, it expects Capital expenditure to be flat & even decline. The assumptions are that the reduced capital expenditure savings would be used to service debts implying that APC Would slow down development after they are re-elected in Lagos. A food for thought. The latter is senseless. Now how will Lagos grow the IGR from N266b To N400b or 150% increase? Answer is that toll fee would be increased, taxes would be multiple and increased, Lagosians should brace up for more of LASMA/LAWMA Tariffs, radio&television fees, market stall charges and several other ways to increase the IGR as projected. If these were the assumptions upon which Fitch came up with the blah! Blah! Blah!!! Then the rating assumption is hogwash! Same as the rating. My opinion please. Kindly respect it and express yours with empirical information not theories. 2 Likes |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by Orina(m): 9:48am On Sep 20, 2014 |
F117A: Take newyork,london,paris,rome,jourhanesburg out of the US,UK ,france,italy and southafrica respectively and tell me what is left. please take the US out Texas GDP alone is over $1trillion more than south africa + Nigeria's GDP 2 Likes |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by swezenberg(m): 12:07pm On Sep 20, 2014 |
F117A: Take newyork,london,paris,rome,jourhanesburg out of the US,UK ,france,italy and southafrica respectively and tell me what is left. Now I see you know nothing about US. Newyork is becoming old fashion. There are states that have overtaken Newyork long ago. California has the largest number of billonaires. Texas is very rich as a state. Do you think development is limited to one or 2 states in the US as it is in Nigeria. Travel by plane in the night to the different states and tell me what you see on ground. Newyork to me is rough and too crowded. Every Tom Dick and Harry live there 1 Like |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by F117A: 12:12pm On Sep 20, 2014 |
swezenberg:okay maybe the US is an exception,thanks to the petrodollar. 1 Like |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by huptin(m): 2:47pm On Sep 20, 2014 |
i have never been a fan of Fashola, but recent events are beginning to soften my heart towards, He is a world class administrator no doubt, very intelligent and cerebral. But in terms of relating revenue accruing to Lagos state government and its output in terms of key infrastructural development, i dont think he has done enough. 1 Like |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by swezenberg(m): 3:02pm On Sep 20, 2014 |
F117A: okay maybe the US is an exception,thanks to the petrodollar. You are welcome brother. |
Re: Fitch Upgrades Nigeria's Lagos State To 'aa+(nga)'; Outlook Stable by anukulapo: 4:31pm On Sep 20, 2014 |
Orina: (The following statement was released by the rating agency) MILAN/FRANKFURT/LONDON, September 19 (Fitch) Fitch Ratings has upgraded Nigerian Lagos State's National Long-term rating to 'AA+(nga)' from 'AA(nga)'. The Outlook is Stable. Waoh,sounds great BUT can you translate this to english so that regular citizens can understand? |
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