I WAS EXPECTING IT.

Compare Lagos' development to other states.


The USA is the most indebted country in the world, yet she has something to show for it. It's not like Nigeria that is so indebted, yet it still looks like the old Japan.

Ghen ghen

We know we know.





Even America knows.

Ghen ghen.

What has the PDP got to say about the state of the nation?? How did Jonathan meet it? How is he leaving it??

Such jokers.

You can see the infrastructural development in 8 years. Lagos state has a very good credit rating. Lagos is rated A+ by Agusto and co.... Nigeria is rated Bb...

brixton:
Even pastors have become liars in APC, they say ' birds of the same feathers flock together'

anyone who thinks politicians are sincere needs a brain reset...just watch and see how osibanjo who is both a SAN and a pastor would be lying right left and center...politics can make the good turn really bad...

Genius100:
Dumb PDP clowns. All Osinbajo said was that they were inheriting a debt profile of $60 billion which is true...

why did osibanjo have to say that?...that is what you should be asking yourself...I guess you know the answer...

Lagos incurs debt to build stuffs in much the same way Nigerian abroad incur debt to buy their houses or furniture.
In fact, many use chase credit card to make purchases once in a while even when they have the money just to improve their credit rating.
Unless you want to wait until you have enough money to do so when inflation would have made it more expensive.
For instance, the money which Peter obi claimed to have saved in anambra state in spite infrastructural challenges, is smaller today than it was last year when he was boasting.That is based on the devaluation of the naira alone.
That is before we start talking about the increase in inflation and cost of labour.
So whenever any clown talks about lagos debts, I laugh because the lagos state debt management is as good as anywhere on the planet.

Mr metu the clown, do you mind telling us why you now borrow money to pay federal salaries and why Nigeria is in worse darkness after stealing $20 billion power money. .

Thank God we got rid of these clowns. .

APC = thieves. Barawo

There is nothing wrong in borrowing but there's everything wrong when you borrow yet carry on like you're never going to pay and that's what the PDP led FG did

egift:


Stop playing for the mumu team. Buhari cleared Nigeria debt in his time and even refused to collect fresh IMF and World bank loans. OBJ in his time also cleared Nigeria's debt.

Jonathan is a failure for accumulating debt, squandered the massive oil windfall of over $100 per barrel and also squandered the money in excess crude, foreign reserve and Federation account. Upon that he is leaving the country in shambles.

.
You are the mumu here..so a country of 170m people with 100$ per barrel is excess...really?? please can you share that amount you called boom for 170m people and see wat it amount to...yet you complain of bad roads, BSD airport. no railway, no power., no dis no dat...those things is it air or breeze you will use yo fix them...the truth is wat they call boom is not even enough..unless you feel we should not develop infrastructure just pay salaries and save the rest...ode

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At least we can see what they borrowed money to do.. The problem is GEJ controlled government borrowed money bt we can't see nor can we feel the impact of the money borrowed...

http://www.dmo.gov.ng/ardrnigeriaexternalanddomesticdebt.php Here is what the DMO had to say “By 1985 the debt profile had deteriorated seriously due to persistent inability of the country to meet its external debt service obligations. This resulted in mounting arrears and unmanageable growth of the debt stock relative to available resources. The external debt stock, which was about US$8.855 billion in 1980, grew to nearly US$19 billion by 1985”
The question we must ask therefore, which loan did GMB paid for that made Nigeria debt free? If Nigeria wasn't debt free under Buhari, why the lie?

voltron:
As much as a dislike PDP and loathe GEJ. Olisah has a point there

Impersonator , you are an ardent fan of the two foools. $1b out of $63b for the most populated state in Nigeria is too much?

Pastor Osinbajor should watch it!

If he feels he can bandy words like Mr lai Mohammed and get away with it, he must be joking. People should advice him to back off, as he is not an everyday politician.

If he goes that route, he'll derail big time. Because Nigerians will be pointing out falsehood from his statements. as a pastor, he may have to be clearing the air. he shouldn't forget the Rehand bonkey's picture he posted as kano picture.

If a pastor is accused of malicious comments or outright lies, everyday because of politics, sorry that will be disastrous.

[size=16pt]This PDP guys are born liars!!

Total Lagos Debt is still less than $2.5 billion ($1.19billion plus N279 billion).!! Out of $63 billion total. That is less than 5%.

And Lagos is about 10% of the Nigerian Population. It means Lagos is owing less than its quota of the debt.

The GEJ government is responsible for the bulk of that debt and not the other way round as PDP wants us to believe.

PDP IS USELESS[/size]

Alright, whats the next step?

Yes, but Lagos debt was used to build revenue making infrastructure like the toll road and the blue line rail project. The PDP borrow money to pay salaries and severance packages. The blue line rail project will make the state a lot of money.

Are U sure dat PDP wil knw hw 2 play Opposition so.....! because I don't c anytin wrong wit what V.P said ooh.

Mark my word, except for a divine intervention, on 29th of May Osinbajo shall enter Aso Rock a pastor but 4years after he shall exit a politician.

I fear for his faith. Any sheep that moves with pigs must learn how to eat its vomit.

utytill:
Debt from 1960s,then buhari's military dictatorship regime debt is inclusive.oh what a karma.but obj told us that he pay all the debt?or was it that of paris club?.

Domestic debt is different from international debt. The domestic debts account for about 85% of the $60billion debts and they were never written off. Only the international debts were written off during Obj/Iweala's first tenure.

Let the game being

APC teach PDP lessons of life.

egift:


Stop playing for the mumu team. Buhari cleared Nigeria debt in his time and even refused to collect fresh IMF and World bank loans. OBJ in his time also cleared Nigeria's debt.

Jonathan is a failure for accumulating debt, squandered the massive oil windfall of over $100 per barrel and also squandered the money in excess crude, foreign reserve and Federation account. Upon that he is leaving the country in shambles.

HAIL MARY MOTHER OF GOD, PRAY FOR ALL THESE LIARS WHO HAVE TAKEN OVER THE PATH OF THEIR FATHER LIAR MOHAMMED, NOW AND AT THE HOUR OF THEIR DEATH..... AMEN!!!

ohenhen1:
Yes, but Lagos debt was used to build revenue making infrastructure like the toll road and the blue line rail project. The PDP borrow money to pay salaries and severance packages. The blue line rail project will make the state a lot of money.

Just listen to yourself.

How many countries do you know that have toll gates on roads.

You use tax payers money to build roads and in turn ask them to pay for using the roads, is that not madness.

Imagine Nigeria with toll gates everywhere.

Fashola claims he uses tax money for developing the state, where is the allocation and and why the debts since He's using Igr for development.

Bros you just don't know what you are defending

[size=18pt]The Ooni of Gbese Land aka AregbeRascal can not pay salaries because he has to pay the banks. To make things worse the bank servicing is done at source with FG deducting and paying the banks.
[/size]

Genius100:
Dumb PDP clowns. All Osinbajo said was that they were inheriting a debt profile of $60 billion which is true...

God bless your wisedom....

Young4jose:
Are U sure dat PDP wil knw hw 2 play Opposition so.....! because I don't c anytin wrong wit what V.P said ooh.

Nah wah for you ohh.

Go school una no gree