Ola17:
Did he also state why the economy is going to the dogs?

Oh I forgot, it's Monday. As usual, something to distract people from the government's cluelessness for the rest of the week.

Firefire:


Government of distraction.

Ola17:

It's so nauseating. Isn't it vainglorious for the government to still dazzle it's 'anti corruption' cliché when they have shamelessly failed to come up with enough evidence to win a case in the law courts for almost a year?

Firefire:
Government of distraction.

GudluckIBB:
10 Billion Naira is huge!
It wouldhave gone along way in providing water, buy New transformers, provide equipments to hospitals.

Jonathan didn't do well.

Firefire:
Fellow Nairalanders, in response to Fashola comments below on not receiving enough support from the federal government to complete the Lagos light rail project.

[size=15pt]
"Fashola said all over the world, when cities and states build municipal rails like what Lagos is doing, their central governments support them morally and financially"[/size]

https://www.nairaland.com/2120455/cant-complete-lagos-light-rail

Few months ago same Fashola said this:


[size=15pt]Lagos: How We Spent N160bn World Bank Loan on Light Rail Project[/size]

The Lagos State Government yesterday justified the N160 billion it borrowed from the World Bank, noting that the fund was channelled to finance its light rail (blue line) project.

However, the state government expressed disappointment at the progress of the project, which it said, was not executed as smoothly as possible, but was optimistic of its completion.

The state Governor, Mr. Babatunde Fashola, said this shortly after inspecting the light rail terminus at the Orile-Iganmu part of the state alongside some members of the state executive council.

Speaking with journalists, Fashola said the project would have been completed in another 12 months despite that the project execution was not as smooth and speedy as he wanted it.

The governor raised questions on the intention of the federal government for publishing the state debt profile in the recent time, wondering what could have informed the decision to make it public.

He said: “I think it was the Debt Management Office of the federal government that published the report that we have a debt of about N160billion. I do not know the intent of the publication.

“But if it was to inform the public, I think we have always kept the public informed anytime we borrow money. If there are other intentions behind that, only those who make the publication would know what the intentions are.

“But you see, when people talk about debt of a state like Lagos, they forget that after Nigeria, South Africa, Egypt and one other country, we have the fifth largest economy in Africa.

“When you are talking of about a billion naira debt to a population of over 21 million people; because if you are measuring the debt, you also have to measure the responsibility. Those are the things people keep in isolation.”

He, therefore, explained that the state government already “has in place, strategies to repay the loan. The federal government was in the know of the state’s decision to take the bond and it approved it.”

[size=15pt]He added that the truth “is that what they do not also say is that no state in Nigeria can borrow money outside, from any multilateral agencies without the approval of the federal government.[/size]

“What they did not say is that they approved it. No state can raise money by bond the way we have done without the federal government’s approval. [size=18pt]Both SEC and NSE are all federal regulatory agencies through which we must pass. If they said okay, it means there must be something good about the debt.
[/size]

“Our rating as a state is the same as that of the Federal Republic of Nigeria, BB minus-stable with a positive outlook. We are the only state in Nigeria that has that rating. The first bond that was taken during my first tenure has been paid; the first tranche has been paid.

“I think the second tranche will be settled around 2016 or 2017. We are already making provisions. The provisions that will be there will be in excess of what is needed,” the governor said

Fashola expressed satisfaction on the progress of the light rail project, though decried the petty delay that was encountered as a result funding, saying the project would have should have been completed in another 12 months.

http://www.thisdaylive.com/articles/lagos-how-we-spent-n160bn-world-bank-loan-on-light-rail-project/188736/

anonimi:


You have decoded their useless strategy.


www.nairaland.com/attachments/3206797_123416059658074934612735251373255674989745n_jpeg3f66bee59a7668d2d64db8f955e2f137

ObiOkpor:
Nothing will give me joy than seeing Badeh jailed. He's a murderer and a thief.

use your head son. ...... apc/ efcc has accused so many people in gej government for stealing billions of dollars since may 29 2015 that is about a year ago ... yet no one has been sent to jail

kodded:
lol this apc sha....... once they know that nigerians are groaning and wailing they will just churn out lies about gej government without any evidence. .... no wonder they find it hard to present any strong evidence against them in court

kodded:

















use your head son. ...... apc/ efcc has accused so many people in gej government for stealing billions of dollars since may 29 2015 that is about a year ago ... yet no one has been sent to jail

Ola17:
Did he also state why the economy is going to the dogs?

Oh I forgot, it's Monday. As usual, something to distract people from the government's cluelessness for the rest of the week.

anonimi:


Signs of a federal administration that has no plans and no idea how to function and deliver its campaign promises after one year.


www.nairaland.com/attachments/3119840_3086701funnyjpeg9aeb2b686522cfbdad09180eab0db45e_jpeg77e052703f81538f8ab4b27ced5dfdc0



www.nairaland.com/attachments/3117154_img20151105161420_jpeg007b05bfa49c09b43abe5bc42f0158c1

and the funniest part is that they will accuse someone for stealing billions of naira but when they take that person to court, their case will be about how he beat his wife at home






so wetin come concern person were steal billions of naira with beating a wonan ?

tiger28:
biggest fool!!! Why won't the economy go to the dogswith BILLIONS being investigated everyday??it's soooo pathetic how some Nigerians have become sympathetic towards looting because of ethnic or party affiliations. Meanwhile, most of their families are living in ABJECT poverty.....really pathetic! !

Ola17:

It's so nauseating. Isn't it vainglorious for the government to still dazzle it's 'anti corruption' cliché when they have shamelessly failed to come up with enough evidence to win a case in the law courts for almost a year?