Kingsimmer:
NICE one ,mrs... he was dumb den...,we ve forgiven him ;because he has learnt sum respect and manners now...giv him anoda chance to amend his ways & right his wrongss!!!

nnachukz:
is her father contesting for the seat of the president?

donbrowser:

Are u minding the Nitwit? If his brother or sister was among those that died as a result of a man's post-election violence will he come here to shout "change".
Aiye e o ni baje jare.

Krisddon:
Nawaoooo.....! Buhari this, Buhari that. Leave him alone for goodness sake!
Let him bask in his presidency for once nau! Haba! *Squeezes face*
When next I log in and see any topic on Buhari, I will ban myself on NL.

Buhari our first social network president. He keeps ruling us here: Nairaland, 2go, Whatsapp, Instagram, BBM, Twitter, Facebook, Eskimi, Quip, Ebuddy... Just name it.
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GEJ till 2019!

Eziachi:
You don't need to be an expert in economicsv to know that with international loans, the percentage you see is the rate of borrowing and does not reflect the total amount being paid back, just like the money you borrowed for mortgage.
Countries ends up paying only the interest not the actual amount borrowed.
Why do you think borrowers never ever pay off what they borrowed?
Because they service just the interest, in the end you are paying sometimes more than you borrowed over the period. And those periods no one ever gets to as the debt is frequently resheduled.
OBJ is the only person in my recollection that hard repaired foreign debt by taking advantage of the oil windfall benchmark and making the creditors an unbelievable offer of a lump sum payment if they can write-off a substantial amount. An offer they could not refuse.

donbrowser:

Let's assume Buhari loses again what will happen?

noblezone:
Akinjide Attacks Buhari for Truncating Lagos Metroline Project!



http://www.thisdaylive.com/articles/akinjide-attacks-buhari-for-truncating-lagos-metroline-project/197960/

The hype about Buhari is his past records.
This too is part of it.

And "progressives", before you shout "propaganda", please put a call to your vision-less, clueless, myopic and bigotic messiah and ask him why he canceled it.

To all real Progressives, please keep the light burning!
Keep educating th gullible.
Victory is assured.
Let us consolidate the powerful gains of the las four years.

And please, don't get into any fight with any "progressive".

It is pointless, arguing with the blind about the colour of an electric bulb.
Cheers to all.

Sincere9gerian:
This is the problem with Nigeria. One step forward and ten steps backwards. A project that ought to have been completed 30 years ago is what we're still battling with today, all because of the senseless decision of one clueless goat, who stole power but didn't know what to do with it.

If Jakande rail project was successful at that time, it would have had positive spiral effect on the entire country because many other state govt would have followed suit. Imagine the impact that would have on our economy and GDP. Also the Lagos state govt would have been building it's 3rd or 4th rail project now.

The fate of Jakande rail project summarizes the story of Nigeria in all sectors, one step forward, ten steps backwards.

emmykk:
pishure of you and the babe knacking or it never happen

BossAyuk:

Yes I don't like GEJ so I won't vote for him. That's quite simple...Although there has been some level of applaudable developments in very few sectors of this country in his 6 year tenure, I'll be a mediocre if I ass lick this government because the time and money expended by this government over the past 6 years is not synonymous with the development on ground. If you're sincere, you'll definitely agree with me on this. There's some 10 or more billion dollars still unaccounted for till today. There's a thread I saw yesterday pin pointing infrastructures that could have been constructed with that amount of money.

There's a dam there which costed about 6 billion dollars or so and would've provided this country with about 6000MW.

You don't give a man 100 million naira to build a one bedroom flat in 3 years..then when he finishes you start praising him. That's really absurd.

This government has simply done below par.

So my vote goes to Buhari/ Osinbanjo this time. Vote whoever you please.

Renegade147:

What makes you think,he wud.

bushdoc9919:

have involved taking a hefty loan....which we won't have been able to pay back...

noblezone:

Nigeria has grown in population.
We have mores states, more LGAs , more schools, more civil servants, more concurrent expenditure.

Besides, Nigeria has been at war all these years
Only a visionary and dedicate leader, would be fighting a war and at the same time develop infrastructure.

Jonathan is a rear gem.

berem:
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Deltagiant:
[b]“The visionary Jakande administration had concluded all the plans to finance the project, putting everything in place for its successful execution. My father provided the legal framework in his capacity as the Attorney –General at the time, and the state government had deposited $50million after securing a $450 million loan at six per cent fixed interest rate for 25 years.

“

Eziachi:

blah blah blah

logica:
So paying back "$450 million loan at six per cent fixed interest rate for 25 years" was too much for us to handle? Let us examine the figures:

I see this as paying back an extra $27 million (over the borrowed $450 million) over a 25 year period. You mean we cannot afford to pay $1.08 million every year for 25 years? What are you guys on anyway?

Housing:
The project was cancelled simply because all foreign loans were cancelled by Buhari government as he was committed to paying debts and not to incur another one. The metro line project was to be financed by foreign loan.

alaoeri:
Abeg make una look at these shameless PDP ppl, why are they attacking Buhari now when the election is around the corner & why not a year ago? No amount propaganda will stop a moving train of change.
2015 Sai Buhari.

logica:
No you don't need to be an expert in Economics. Being OK in Math is good enough.

Oya, how does "$450 million loan at six per cent fixed interest rate for 25 years" translate into 100% interest? How much interest is actually paid over the 25 year period? Break it down for us.

theshadyexpress:
Apc supporters have no shame,they try to force everyone to swallow their false propaganda and when presented with facts to the contrary they cry foul and resort to insults,I'm already waiting for dem to blame GEJ for dis stupid act of the old power drunk fool

Buhari is nothing but an intellectual deadwood,at his age and his sphere inflluence he has he expected to get an applaud when he told the world he only had 1 mill in his acc or dat he borrowed to fund his nominattion fund purchse.it got to show this man cannot even prosper his life but wants to lead 150m people to prosperity.

He will lose again and cry like a day old baby

GEJ till buhari releases sextape

Ezemust:
after u talk all these things then u pull ur face n look ursf in d mirror

Buhari, while speaking in Lagos on Wednesday at the presentation of his party manifesto, said when he got into power, the relatively stable economy, which was handed over to the government of Alhaji Shehu Shagari, had been badly plundered and corruption was rife in every sector. He added that the rail line project was meant to cost N100m, which was a large sum of money then, and the Federal Government was asked to guarantee the loan meant for the project.



He said, “Then, we didn’t know how much debt was on us as a nation and we felt that we should not add another N100m to it. I had to set up two committees to assess how much we owed and we promised not to take more loans or to devalue the naira but to develop the economy.”

iamchiddy:
Why can't these people see that this their politics of blackmail is not working? The more they try to cast aspersions and smear the image of this man with their lies the more they endear him to our hearts.

Sai Buhari 2015.

Eziachi:

6% of $450m is $27m
$27m multiply by 25 is $675m (interest)
Capital + Interest
$450m + $675m
Total Repayment: $1.125b.

I maybe wrong. You are maths expert. By the way, these loans are never fixed as the lenders are not stupid. And don't forget payment defaulting charges, facilitation fees/charges, foreign exchange rates.

logica:
Thanks for the extra info; but this thread is about the Lagos Metro Line. You can go open a thread about how Akinjide stopped all projects in the South East from seeing the light of day. Thank you.