FarahAideed:
That guy on Bourdillon has impoverished Lagos , Lagos makes more money than most west African countries and despite having absolutely nothing to show for it the govt can't still account for and is still looking for loans to meet up

solmusdesigns:



Proactive governance

normaman:
I have often wondered why a state with annual budget of $3.2 billion will have flooded filthy roads across it's length and breath, coupled with some lawless and disorderly road users that have been left unchecked and has become Hazzardous to other road users. Compare Lag to Rwanda whose annual national budget is about $2.8 billion, they've managed to get efficiency and prudent leadership in president Paul kagame who has rewarded their nation with clean environment, 24 hrs power supply and most importantly, human capital development.

solmusdesigns:



Seeking loan isnt sign of being improverished as no one lends a poor state money, Loan to Lagos state is a financial plan of getting funds to execute projects faster than revenue streams in

post=83167969:

Hmmmmmm this is so true and deep!


Little Farahaideed, hope you have taken this little lecture from your elder bro?!

solmusdesigns:



Destroy a state yet many years after FCT was moved, some people still pack themselves like sardine efesinachi night bus to escape thier regional poverty and hustle in lagos

Hofbrauhaus:
How can one man completely destroy a state and yet, igbos in Lagos are looking at him? Abi are you guys waiting for yorubas to talk? Don't wait o. Cos it is easier for a camel to go through the eyes of a needle, than for a Yoruba man to fight for his right....

Hofbrauhaus:
How can one man completely destroy a state and yet, igbos in Lagos are looking at him? Abi are you guys waiting for yorubas to talk? Don't wait o. Cos it is easier for a camel to go through the eyes of a needle, than for a Yoruba man to fight for his right....

FarahAideed:
That guy on Bourdillon has impoverished Lagos , Lagos makes more money than most west African countries and despite having absolutely nothing to show for it the govt can't still account for and is still looking for loans to meet up

aalangel:
Lagos State Governor, Babajide Sanwo-Olu has sought the endorsement of the House of Assembly for a loan of N250 billion.

My question - Does he want to excavate Lagos and build another one

solmusdesigns:



Proactive governance

PureFace1:


Most of the money Lagos make goes to Federal Government

solmusdesigns:



Seeking loan isnt sign of being improverished as no one lends a poor state money, Loan to Lagos state is a financial plan of getting funds to execute projects faster than revenue streams in

Daguccizgreat:
Then I want to ask you this, Why can't they offset the debts accrued over the years before borrowing another ? Do you know how much Lagos is owing both locally and internationally ? Upon all the borrowing, there are no corresponding massive infrastructures showing the money was well used. Dude be sincere to your self

solmusdesigns:
Most of the loan taking are long term loans that its repatment can take up to 25 to 30 years

Lagos Debt profile stands at 530 billion or less than 2 billion USD, and its IGR stands at 1.5billion USD so lagos can pay up its debt in just two years

Compared to other states Lagos is visibly investing in infrastructures, atleast we can see thier BRT, the light rail project, ibeju lekki seaport, Ambode's fancy bus interchange at oshodi

The reason why a state like Lagos borrows is simply because all of its revenue doesnt come once and they have just 6 month construction window untill rain starts and all construction stops

affable4:
Please, how much are we making at the toll gate for an Express road that is just from VI to Ogombo round about?

Scam of the century!!!!!!!

ValueConcepts:


It is on record that the much villified ambode didn't borrow a dime in four years, rather he paid part of what was borrowed by his predecessors. He blocked every avenue for leakages (particularly the free money to party men) and what he saved from these leakages and the IGR were what he used for the few projects he did. While I do not hold any brief for him nor consider him a saint, it is very clear now that that he was only shoved aside because he did not 'Sanwo Eko'.

Some claim he was 'ungrateful' to Tinubu? I beg to differ. I will rather say his prudence was critical to the political survival and relevance of Tinubu today. If not for his prudence, Lagos State would have been in a financial limbo when Obasanjo withheld the State's allocation from the federation account and that would have made it easy for Obasanjo and PDP to take over Lagos at the polls. Or did Obasanjo not take over the other states in the South-West controlled by the AD then?

Nigeria is what it is today because our politicians never think wealth creation, rather, they steal what is presently available and what should be available in the future through their borrowings.

PureFace1:
Most of the money Lagos make goes to Federal Government

experience16:
I thought the Lagos-Badagry road has been approved by the Federal government in the last month FEC meeting. Why does Sanwo- olu want to spend money on an already approved federal road? Smh. We are really in a one chance government in Lagos state