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Federal Government Invests N16bn Sukuk Bond On South East Roads - Politics (4) - Nairaland

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Enugu—Port Harcourt Expressway Being Constructed With The Sukuk Bond (Photos) / "Dismantle Roadblocks On South-East Roads" - Senate Tells Army, Police.. / South-South & South-East Roads Worst In The Country — FG (2) (3) (4)

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Re: Federal Government Invests N16bn Sukuk Bond On South East Roads by madapcmod: 4:53pm On Mar 01, 2018
prosnadis:
Ur very stupid. Let the amadioha wipe out ur family... Idiot. U don't have a tyre, talkless of having a shock absorber. If u say work is not on going on that axis, ur a bastard.

I don't talk to stunted tiger clawed face idiats!

Now run along, anu mpama! Show me d pics or amadioha will locate you and your miserable family this night
Re: Federal Government Invests N16bn Sukuk Bond On South East Roads by Nobody: 5:09pm On Mar 01, 2018
obailala:
Funny how the N100bn Sukuk fund was shared equally across all the 6 zones of the country, but the title of this report/thread just had to mention only the south east. I guess that's what happens when a zone becomes too 'popular.'

Lol, I think South East is being emphasized because they're the zone that doesn't "deserve" it.
Re: Federal Government Invests N16bn Sukuk Bond On South East Roads by OAFMods: 5:27pm On Mar 01, 2018
modelmike7:

It's obvious you can't read. This is what hatred do to you, it doesn't make you think like a normal human being.
So because the money was invested, then SUDDENLY and MIRACULOUSLY the new road will just appear?
You sleep and wake up to see the new roads?!
Smh

Read this again
(He listed the sections to include the Enugu – Onitsha expressway, Enugu – Lokpanta, Lokpanta – Abia Tower and Abia Tower – Aba section of the Enugu – Port Harcourt expressway. At the 9th Mile – Enugu section of the Enugu – Onitsha Expressway, )



The Government is building your roads and you termed it 'let them waste their money?'
How old are these people for Krisssake?!

You waste your time on this bloody tribe of haters. I advice you desist from such. This joke of a tribe even hate themselves, ever heard where they cast out a class among themselves n labeled them Osu just to single them out to HATE ? This tribe will perish with hating on someone, I tell you.


HajimeSaito

1 Like 1 Share

Re: Federal Government Invests N16bn Sukuk Bond On South East Roads by prosnadis(m): 5:36pm On Mar 01, 2018
Ewu, I thought u ply the road every weekend what do u need the picture for, but if ur truthful to yourself u will know that the road was not motorable and people were using old road until RCC moved to that site(quote author=madapcmod post=65474175]

I don't talk to stunted tiger clawed face idiats!

Now run along, anu mpama! Show me d pics or amadioha will locate you and your miserable family this night[/quote]
Re: Federal Government Invests N16bn Sukuk Bond On South East Roads by prosnadis(m): 5:41pm On Mar 01, 2018
Ewu, I thought u ply the road every weekend what do u need the pics for, but if u should tell yourself the truth, u know that people were using old road until RCC moved to that site.
madapcmod:


I don't talk to stunted tiger clawed face idiats!

Now run along, anu mpama! Show me d pics or amadioha will locate you and your miserable family this night
Re: Federal Government Invests N16bn Sukuk Bond On South East Roads by madapcmod: 5:41pm On Mar 01, 2018
prosnadis:
Ewu, I thought u ply the road every weekend what do u need the picture for, but if ur truthful to yourself u will know that the road was not motorable and people were using old road until RCC moved to that site(quote author=madapcmod post=65474175]

I don't talk to stunted tiger clawed face idiats!

Now run along, anu mpama! Show me d pics or amadioha will locate you and your miserable family this night

Nkita lacha gi anya! How does a dual carriage way ppl follow a single lane because the other lane has been scrapped off turn to built road with 16bn. God punish you for support lies and propaganda. I follow that road to awka every Friday evening after work and returns to Enugu on Sundays. Show me d picture of the work ongoing if not d patch works on d only motorable lane of d dual carriage.
Re: Federal Government Invests N16bn Sukuk Bond On South East Roads by prosnadis(m): 5:44pm On Mar 01, 2018
I bu onye okwu Asi.bingo,listen they said southeast has 16bn voted for it's road from skuku bond, anu mpama because bitterness will never allow u to read in between the lines and ur type don't have voters card, just to make noise on nairaland.
madapcmod:


Nkita lacha gi anya! How does a dual carriage way ppl follow a single lane because the other lane has been scrapped off turn to built road with 16bn. God punish you for support lies and propaganda. I follow that road to awka every Friday evening after work and returns to Enugu on Sundays. Show me d picture of the work ongoing if not d patch works on d only motorable lane of d dual carriage.

Re: Federal Government Invests N16bn Sukuk Bond On South East Roads by Franking: 6:34pm On Mar 01, 2018
The Owerri - Port Harcourt road has been abandoned since Buhari took over. Why not compete that one na?
Re: Federal Government Invests N16bn Sukuk Bond On South East Roads by Nobody: 6:39pm On Mar 01, 2018
OAFMods:


You waste your time on this bloody tribe of haters. I advice you desist from such. This joke of a tribe even hate themselves, never heard where they cast out a class among themselves n labeled them Osu just to single them out to HATE ? This tribe will perish with hating on someone, I tell you.


HajimeSaito
Thanks bro.
I try ignoring them as much as I can, but there are some comments that is just so apalling!
Thanks for the heads up bro.
Re: Federal Government Invests N16bn Sukuk Bond On South East Roads by megama: 8:36pm On Mar 01, 2018
alphonsojaybaz:
FEDERAL GOVERNMENT INVESTS N16BN SUKUK BOND ON SOUTH EAST ROADS
source: http://www.eyesoflagos.com/2018/02/federal-government-invests-n16bn-sukuk.html

The federal government has invested N16.6 billion of the N100 billion Sukuk Bond for the rehabilitation of some roads in the South East geopolitical zone. In October 2017, the federal government had released the proceeds of the N100 billion Sukuk bond to 25 key economic road projects across the country. Eyes Of Lagos gathered that, The director of Highways, South East, Federal Ministry of Works, Mr Adetokunbo Sogbesan, made the disclosure in Enugu yesterday during a media tour of ongoing federal projects in the zone. Sogbesan said the investment is aimed at improving road infrastructure in the zone, adding that four different road sections were covered by the fund. He listed the sections to include the Enugu – Onitsha expressway, Enugu – Lokpanta, Lokpanta – Abia Tower and Abia Tower – Aba section of the Enugu – Port Harcourt expressway. At the 9th Mile – Enugu section of the Enugu – Onitsha Expressway, Sogbesan expressed satisfaction on the job done so far by the contractors, Reynolds Construction Company Ltd (RCC). He said the project, which covered a distance of 58km, is from Amansea in Anambra to Enugu. “Forty kilometres of the road is in Anambra while 18km is in Enugu section of the road. The contractors have achieved about 35 per cent completion of the project,” he said. He said that with the quality of job being done by the contractors, the road would make its expected lifespan of between 20 years and 30 years. Sogbesan, however, expressed concern over the heavy traffic flow on the road. He said, “I pray we get more funding so as to deliver this project at the right time. This project will improve transportation infrastructure. The micro-economy impact of this road will go a long way to help Nigerians”. Also, the federal controller of Works, Enugu, Mr Oluropo Oyetade, said that monitoring of the project had been encouraging since the contractors reported to site. Oyetade said that the contract with a completion period of 36 months was awarded in 2014 but was not funded till 2017, just as he noted that the job is expected to be delivered by December 2019. In a related development, the federal government has said it will use Infrastructure Bond Investment from financial institutions and investors to expedite execution of road and housing projects across the country. According to a statement from the information unit of the Works department, the Minister of Power, Works and Housing, Babatunde Fashola, disclosed this while receiving institutional investors, including HSBC, China group 3 and 4 led by the managing director of Stanbic IBTC, Dr. Damola Sogunle, in his office yesterday. Fashola explained that to finance road/bridge projects through Tax Relief and Islamic banking “Sukuk” cannot be enough to provide infrastructure development in Nigeria. He added that Infrastructure Bond Instrument will complement government efforts at providing the needed critical infrastructure to end users. The Minister however expressed the need for a reset in the housing sector in the country, emphasising that the “financial establishment must stand as the vanguard of the reset” by borrowing a leaf from countries that have successfully utilised similar investment practice, such as United Kingdom. Fashola disclosed that the Pilot Home for the National Housing Programme of the present administration has taken off in 33 states of the federation. This, he said, is made up of one to three bedrooms model, which are expected to be valued accordingly, considering the standard and infrastructure. The minister further disclosed that the federal government, currently holding 40% equity in the power sector, is of the opinion that privatisation is logical, arguing that it has been successful in the media, banking, aviation sectors amongst others. According to him, the Ministry will optimise on existing capacity even as government has approved distribution extension programme in power.
sorry. This is Nigerian roads not south east road

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