Senator Ibikunle Amosun with the Chinese Consul General, Chairman for CCECC, M.D for CCECC and G.M Southwest CCECC during the signing of 3.2 Billion Dollars contractor finance Contract for The Intercity rail network of Ogun State which is in Phases.

This is a welcomed development.

[size=18pt]another apc scam project

How is ogun going to afford 3 bn dollars

Them don dey wait for Buhari to assume office in order to guarranttee the imf loan

The incoming APC govt will not only deplete our resources but will leave us a legacy of debt for the next 40yrs

For how in God's name can ogun afford this?[/size]

APC is developing

PPAngel:
[size=18pt]another apc scam project

How is ogun going to afford 3 bn dollars

Them don dey wait for Buhari to assume office in order to guarranttee the imf loan

The incoming APC govt will not only deplete our resources but will leave us a legacy of debt for the next 40yrs

For how in God's name can ogun afford this?[/size]

You nv hear the gov explain how dem wan take get d finance you just dey here dey rant.

PPAngel:
[size=18pt]another apc scam project

How is ogun going to afford 3 bn dollars

Them don dey wait for Buhari to assume office in order to guarranttee the imf loan

The incoming APC govt will not only deplete our resources but will leave us a legacy of debt for the next 40yrs

For how in God's name can ogun afford this?[/size]

Considering the billions wasted under jonathan government.
Considering jonathan has wasted billions on rail in Nigeria without a single new train to show for it
Considering Ngozi just took a loan from the IMF last month to patch 2015 budget, which will be wasted on subsidy fraud
Considering the billions wasted on jonathan relection, with nothing to show for it.

I think if ogun borrows or uses all its IGR and allocation to fund intercity rail which the people will enjoy is a welcome development and a sharp departure from what pdp and jonathan waste government stand for...

Also except you are from Ogun state, why the lamentations.

face your state governor and ask him what he is doing with your state allocations.

stop the lamentations pls

PPAngel:
[size=18pt]another apc scam project

How is ogun going to afford 3 bn dollars

Them don dey wait for Buhari to assume office in order to guarranttee the imf loan

The incoming APC govt will not only deplete our resources but will leave us a legacy of debt for the next 40yrs

For how in God's name can ogun afford this?[/size]

Cry cry baby shey u need feeder

Tho am a very good supporter of Amosun and APC, I think this Project should be given a good thought...though, it's very expensive, but Ogun state is not that populous enough to use intercity rail....even if something like that is gonna happen, it should be a joint venture between Lagos state government and Ogun state whereby people living around Sango area of Ogun state, Mowe-Ibafo, Ipokia, would be connected to the ever bustling city of Lagos

The concentration of people living in Mowe-Ibafo and Sango area should be d ones enjoying this massive scale of rapid transport system

I just hope that adequate study has been completed as it regards how to fund this white elephant project. It is my hope that he is not going to borrow from all sorts of lenders thereby plunging this country into bigger massive debts. More than any other region, the SW boasts of the highest debt profile in the country. It is starting to look as if folks have perfected the harbit of borrowing funds to start off projects they lack both the administrative skills and political motivation to complete. The monorail in Lagos comes to mind. . Political jobbers masquereding as administrative enfant terribles should no longer be allowed to bloat the countrys increasing debt profile through projects designed to massage the egos of some atarvistic politicians with vaulting ambitions.

I know detractors of APC will find something negative to say as usual, but this is a very good project.

[size=18pt]at the end of the day nah ND oil dem dey plan with

E go do una like dream when all oil productions drop to zero

Start planting cocoa[/size]

If you are not from Ogun, pls no comment. Leave SIA for us and face your state

Sirniyeh:
If you are not from Ogun, pls no comment. Leave SIA for us and face your state

Shatap

If dem sell all of ogun can you get 3bn dollars?

The answer is a resounding No!

Abi nah adire una won sell?

PPAngel:
[size=18pt]another apc scam project

How is ogun going to afford 3 bn dollars

Them don dey wait for Buhari to assume office in order to guarranttee the imf loan

The incoming APC govt will not only deplete our resources but will leave us a legacy of debt for the next 40yrs

For how in God's name can ogun afford this?[/size]

The money that the state realizes in the industris in Sango Ota and Agbara alone is more than the allocations and IGRs of some states combined.

Another APC rail project when fashola and amaechi monorail that cost billions is still no where to be found SMH

OrlandoOwoh:

The money that the state realizes in the industris in Sango Ota and Agbara alone is more than the allocations and IGRs of some states combined.

Story! All those re packaging firms

Post Ogun IGR let us see.

PPAngel:
another apc scam project

How is ogun going to afford 3 bn dollars

Them don dey wait for Buhari to assume office in order to guarranttee the imf loan

The incoming APC govt will not only deplete our resources but will leave us a legacy of debt for the next 40yrs

For how in God's name can ogun afford this?

Never heard of PPP?
If Amosun is sincere with the plan, it is achievable.

PPAngel:


Story! All those re packaging firms

Post Ogun IGR let us see.

Fermex Meyer, Nigerian Breweries, Veepee, Nestle, Fidson, Nigerian German Chemical, International Distilleries, Avon Crown Cock, Unilever, etc are reparkaging companies? Sorry for you. Those are just the ones along the Lagos-Abeokuta road. There some in the roads.

SCAM. I'm willing to bet any amount that this project won't see the light of day.

OrlandoOwoh:

Fermex Meyer, Nigerian Breweries, Veepee, Nestle, Fidson, Nigerian German Chemical, International Distilleries, Avon Crown Cock, Unilever, etc are reparkaging companies? Sorry for you. Those are just the ones along the Lagos-Abeokuta road. There some in the roads.

Posr the IGR and not these repackaging and distribution firms

Good

A question that has been on the mind of Nigerians when rail projects are discussed: when will the rails in Lagos, Enugu and PH start working?

stinggy:


Never heard of PPP?
If Amosun is sincere with the plan, it is achievable.

Which GDP will give Ogun people the money to afford to pay the fare?

PPP's also involve govt financial commitment as well

So between Ogun state govt and passenger fares when will the 3bn be paid?
the truth about this project is that it is part of a national grid the Chinnese were offering under Jonathan.

With an APC govt in place, the Chinnese are re marketing the project in APC states in order to persuade the new govt from not scrapping it!

But trusting the ever lying SW Apc rascals, they will want to claim credit for it.

Again this project is a scam in the making

Fantastic, i will celebrate when the trains are working.

SCAM ALERT SCAM ALERT.
APC WILL FINALLY END UP AS A CURSE IN NIGERIA. PEOPLE WILL SPIT WHEN THEY HEAR THE NAME.

PPAngel:


Which GDP will give Ogun people the money to afford to pay the fare?

PPP's also involve govt financial commitment as well

So between Ogun state govt and passenger fares when will the 3bn be paid?
the truth about this project is that it is part of a national grid the Chinnese were offering under Jonathan.

With an APC govt in place, the Chinnese are re marketing the project in APC states in order to persuade the new govt from not scrapping it!

[size=14pt]But trusting the ever lying SW Apc rascals, they will want to claim credit for it.[/size]

Again this project is a scam in the making

State will always bring the smaller part in such arrangements, so it is doable if the will is there.

But you may not be far from the truth, especially the magnified quote

PPAngel:
[size=18pt]at the end of the day nah ND oil dem dey plan with

E go do una like dream when all oil productions drop to zero

Start planting cocoa[/size]

Aren't u just a horrid twaat ...ur oil this ur oil that...go and drink it now...hopeless cretin...

The only way this project will be achievable is if it's broken down into about 15 - 20 phases with a time frame of 20 years. Which is still unlikely.

PPAngel:
[size=18pt]another apc scam project

How is ogun going to afford 3 bn dollars

Them don dey wait for Buhari to assume office in order to guarranttee the imf loan

The incoming APC govt will not only deplete our resources but will leave us a legacy of debt for the next 40yrs

For how in God's name can ogun afford this?[/size]

Ogun to Fund 47.23 per cent of 2015
Budget with IGR
Ogun State Governor , Senator Ibikunle
Amosun has said the state would fund
47.23 per cent of its 2015 N210.354 billion
proposed budget from its Internally
Generated Revenue (IGR).
Presenting the 2015 Appropriation Bill,
titled, “Budget of Continuity” to the State
House of Assembly yesterday, Amosun said it
would be funded as follows: IGR, N99.35
billion (47.23 per cent); Federation Account,
N53billion (25.20 per cent) and Capital
Receipt, N58 billion (27.57 per cent).
The budget, which he stated is aimed at
sustaining the tempo already achieved in
the Mission to Rebuild the State by taking it
to an enviable pedestal through all around
development strategy comprises Capital
Expenditure of N118.26 billion (56 per cent)
and Recurrent Expenditure of N92.09 billion
(44 per cent).
"We are proposing a Budget of
N210.354 Billion for the 2015 Financial Year,
which is about the same as the 2014
Budget of
N210.28b.
"The rationale for this is that the macro-
economic outlook driven by the global oil
prices suggests a contraction in the national
economy. I have always maintained that
Ogun State is not immune from the wider
economy. However I am confident that we
will be able to maintain our budget size by
innovatively growing our Internally
Generated Revenue," he said.
In line with the Government’s five cardinal
programmes, the Affordable Qualitative
Education programme got the highest
allocation of N42,565,400,000 billion (20 per
cent), follow by the Rural and Infrastructural
Development/Employment Generation,
N34,423,000,000 (16 per cent), Affordable
Housing and Urban Renewal,
N22,373,726,000 (11 per cent), Efficient
Health Care Delivery, N20,282,700,000 (10
per cent)and Agricultural Production leading
to Industrialisation, N10,641,350,000 (five
per cent).
While reiterating that the administration
would continue to impact positively on the
people, the governor noted that various
project initiated and completed and the
improved economic development of the
State are positive indicator that shows that
the state is on the right track.

khamas19:


Aren't u just a horrid twaat ...ur oil this ur oil that...go and drink it now...hopeless cretin...

That useless oil is why you shamelessly shout one nigeria

Parasite start planting cocoa

abeltolu:
Senator Ibikunle Amosun with the Chinese Consul General, Chairman for CCECC, M.D for CCECC and G.M Southwest CCECC during the signing of 3.2 Billion Dollars contractor finance Contract for The Intercity rail network of Ogun State which is in Phases.

This is a welcomed development.

As far I know, this MOU was signed in 2013.
Two, where did you get your nicely rounded figure of 3.2 Billion dollars from?

TheOtherview:


As far I know, this MOU was signed in 2013.
Two, where did you get your nicely rounded figure of 3.2 Billion dollars from?

Do you know the difference between a contract and a MOU?

Read slowly now;

Senator Ibikunle Amosun with the Chinese Consul General, Chairman for CCECC, M.D for CCECC and G.M Southwest CCECC during the signing of 3.2 Billion Dollars contractor finance Contract for The Intercity rail network of Ogun State which is in Phases.

PPAngel:


Story! All those re packaging firms

Post Ogun IGR let us see.

TVC E, NEWS - Ogun state Government has expressed its commitment towards achieving financial autonomy in the face of reduced levels of receipt from federal government.

The aggressive approach of boosting the state’s internally generated revenue has resulted in generating a total of five billion naira monthly
as against less than eight hundred million naira monthly revenue met in 2011.

The state Commissioner for Budget and planning, Oluwande Muoyo who addressed journalists at a press briefing on the mid- year performance
of the Ogun State 2014 budget, held at the Press Centre in Oke- Mosan Abeokuta, assured Ogun people that the government will continue to make
concerted efforts in ensuring the successful implementation of its annual budget.

Muoyo said the current budget performance of the state stood at 67.17% as at 30th June, 2014 as against 61.26% achievement recorded in the
corresponding period of 2013.

She added that the performance has a direct impact on the daily lives of the people of Ogun State, through many road projects, new schools, free
education, health facilities, low interest loans to farmers among others.

- See more at: http://tvcontinental.tv/article/ogun-igr-now-5-billion-naira-monthly#sthash.Jnwg5n5Y.dpuf

Now post how much your state generate.

asala1:

Do you know the difference between a contract and a MOU?

Read slowly now;

I am sure you would gladly enlighten me.
Before you do so, pay attention to the photograph in my post and the one referenced in the following excerpt (by OP):

Senator Ibikunle Amosun with the Chinese Consul General, Chairman for CCECC, M.D for CCECC and G.M Southwest CCECC during the signing of 3.2 Billion Dollars contractor finance Contract for The Intercity rail network of Ogun State which is in Phases.

Also, please find me a credible source that actually mentions a 3.2 billion dollar contract.
Anyone will do.