collynzo2: Don't mind the hypocrites, debt is now a good thing because it involves Fashola. If it was the president or an Igbo governor, the story would have been different.

hardbody:

Debo is an igbo man, these igbo people ehnn, i so dislike them

Akainzo:

My guy, if Peter Obi led Anambra is not owing any kobo, then I can understand why the state is stagnant.

Gues what, Dangote owes in billions of naira more than the Okada man, if the okad man wants, he can pride himself on not owing anybody, but he should also accept the differences in the progress that Dangote would make compared to him.

Okdanny: Truth is better bt must be said ......fashola is a very nice governor but i believe LAGOS is not the only town in the state , there are many villages also in d state dat need development too why focused only in lagos,,,,so for fashola to reach the standard of been the best gov ever he should look into dat also because i knw many villages in lag state ll be suffering in terms of roads and other infrastructures,,,,,,,i think IMO gov is working on this on that state but the truth is they are all playing politics because i knw they both av one ambition wch is ruling Nigeria , of wch wen they clinch there they ll turn to monsters ...

mapet: @Anonimi,

stop being disingenous with your frivolous use of information out of context.

1. The issue of 17month backlog was a fallout of monies being owed when lecturers went on strike in the past.
2. Facts even from the report stated clearly that as soon as was agreed, Lagos State Government clearly fulfilled their part of the bargain
3. The Lecturers' grouse is the fact LASU management's unilateral decision to split it's own share of the 50% contribution
4. Your analysis on Soludo is just LAME. Have you passed through any University at all

bloggernaija: Some people are just plain silly and innumerate
First of all let us distribute that 20 billion naira per head .
That is thousand naira. Barely $7/head.
Note that a lot of work has to be done to even raise this revenue.
What can you do with this amount of money

Over a 1000 public schools,many of whom contain children of economic refugees from other state who have been discarded .
An extensive network of roads,bridges and drainage which has to be consistently and frequently maintained.
The massive security challenges.
The large amount of refuse generated .

talktimi: Any governor can pave a few roads and plant a few flowers, call the press and people will clap for him saying he's the best thing since ice cream was invented. Now the LASG is blaming its ineptitude on the influx of non Lagosians into the state which i rate as a very lazy argument but suprisingly my "enlightened & sophisticated" fellow electorate have bought into this silly excuse. The LASG isnt paying these "foreigners" or even "indigents" any form of welfare allowance but rather enforcing one of the most effective tax regimes this country has ever seen at least in recent times. Education, health care, transportation etc sector by sector there would have been a far bigger revolution with 20 billion naira monthly & over 600 billion in loans than is presently on ground and that is the bitter truth. The solution starts by handing LG's their autonomy since they're closer to the masses. The FG is an argument for another day.

Manlado:

Mr. Intelligent

How was naira to dollar is Awolowo/Jakande time.?
Compare kind of school they built. One standard school now will build 20 of the old one.
UK and US for a period of 30 years to 14 years of modern development.

Man, you no get points.

Go do your homework.
Tell us the equivalent of how much each government made and how it was spent.
Otherwise, get a job and pay your taxes.

Unless, of course, if you are an opposition politician.

Then we need not take your action as important or genuine.

anonimi:

Abeg oga, sorry sir, I nor pass through university oh.
Na pass by I bin just pass by the gate. E come be like sey you don forget sey I bin wave you that time wey I pass by instead of passing through
Mtscheeeeeeeeeeeeew.

LASU academic & NON-ACADEMIC staff were owed 17 months salary despite hike in fees from 25k to 250k- FACT.

agitator:



Thank you talktimi for a good response. They always make noise as if Lagos State government is feeding people with Amala.

People pay to use the only roads he has constructed, but everytime they keep complaining as if the man dey allocate money to feed, transport, pay electricity bills, medical bills, etc for people.

anonimi:

Abeg oga, sorry sir, I nor pass through university oh.
Na pass by I bin just pass by the gate. E come be like sey you don forget sey I bin wave you that time wey I pass by instead of passing through
Mtscheeeeeeeeeeeeew.

LASU academic & NON-ACADEMIC staff were owed 17 months salary despite hike in fees from 25k to 250k- FACT.

vislabraye:

Dangote is owing who ? I guess you'll say BiLl Gate is also owing. Dangote may have borrowed in the past but he's very solvent.
It seems like ur telling me that owing is now a virtue and an evidence of shrewdness. You can see the problem Nigeria went through accumulating debts. Okay Oh.

telexfree1: Look . Fashola is not the problem . Yu guys all need to take a chill pill, open some bottles of McDowells, cross your legs and listen to what I have to say.

Alpha Beta Consulting (ABC) is wholly owned by Tinubu. And this consortium is responsible for all collections in Lagos state. Ask your banker colleagues. All the withholding taxes, autoreg (vehicle license renewal ) payments, epay payments, land use charges, water bills and ALL collections due to Lagos State Government are credited into ABC account on behalf on LIRS. There is a contractual agreement between LIRS and ABC . The issue is that whatever ABC remits at the month end is what LIRS receives. If you have anybody at LIRS, Alausa, pls re- confirm. There are of billions of naira as residual balances in ABC accounts with all Nigerian banks . And truth is, ain't nothing Fashola can do about that. He tried to shake ABC off in his first tenure , but that resulted in a standoff btw himself and Tinubu. Now he just looks the other way.

I think an investigative journalist here can verify most of what I posted.
I think the world bank has gone even further than you.Prior to the partnership between the world bank and lamata,and as part of due diligence, an investigation was caused to be done on the alpha beta consulting and all the allegations that you just shamelessly rehashed were found to be false.
Secondly, a group that calls itself the true face of lagos petitioned the EFCC with the same set of allegations. It was investigated and thrown into the thrash can it belongs.
If you are sure of your facts, write your own petition as well and forward it to EFCC.
ABC is very instrumental to the consistent IGR growth of lagos, so why would Fashola jettison a policy that is yielding results?

telexfree1: Look . Fashola is not the problem . Yu guys all need to take a chill pill, open some bottles of McDowells, cross your legs and listen to what I have to say.

Alpha Beta Consulting (ABC) is wholly owned by Tinubu. And this consortium is responsible for all collections in Lagos state. Ask your banker colleagues. All the withholding taxes, autoreg (vehicle license renewal ) payments, epay payments, land use charges, water bills and ALL collections due to Lagos State Government are credited into ABC account on behalf on LIRS. There is a contractual agreement between LIRS and ABC . The issue is that whatever ABC remits at the month end is what LIRS receives. If you have anybody at LIRS, Alausa, pls re- confirm. There are of billions of naira as residual balances in ABC accounts with all Nigerian banks . And truth is, ain't nothing Fashola can do about that. He tried to shake ABC off in his first tenure , but that resulted in a standoff btw himself and Tinubu. Now he just looks the other way.

I think an investigative journalist here can verify most of what I posted.

anonimi:

Let me give you some quick pointers:

1. Awolowo relied only on the revenue from cash crops, mainly cocoa as there was no Niger Delta oil revenue to share at the time.
2. Awolowo governed the old Western region, which included most of Lagos STATE and the defunct Mid-Western region that is now divided into Edo & Delta states.
3. In 1979 - 1983 when Jakande and the other four UPN governors did the GLORIOUS things they did for EVERYONE in their states, oil was about $32 unlike today when it is about $100. That already neutralises question of exchange rate dollar/naira that you raised.

If you still want to argue further provide the budget figures for the old Western region from 1954 and Lagos state from 1979 along with the census population for the period so you have the PER capita budget.
Deal

Manlado:

Debt has always been a good thing.
What is important is to have a marching revenue?

Debt saves time.
Brings grow faster.
Except when wasted.

Is it that knowledge base of this forum is so low the you have to question most of what you read?

anonimi:

Let me give you some quick pointers:

1. Awolowo relied only on the revenue from cash crops, mainly cocoa as there was no Niger Delta oil revenue to share at the time.
2. Awolowo governed the old Western region, which included most of Lagos STATE and the defunct Mid-Western region that is now divided into Edo & Delta states.
3. In 1979 - 1983 when Jakande and the other four UPN governors did the GLORIOUS things they did for EVERYONE in their states, oil was about $32 unlike today when it is about $100. That already neutralises question of exchange rate dollar/naira that you raised.

If you still want to argue further provide the budget figures for the old Western region from 1954 and Lagos state from 1979 along with the census population for the period so you have the PER capita budget.
Deal

ba7man: You keep talking as if this is 1960. You are stuck in the past....face your front!!!

Things are different now, economies have risen, some have crashed, populations have increased, exchange rates are not the same, social issues are no longer the same......

Get out of your aged frame of mind, this is 2013!!!

software man:
Please tell them. Califirnia and new york states are richer than most countries and have debts.
What matters is your monthly IGR. It is economically stupid to try to finance capital projects with cash, even if you have it.

software man: To me the starting point is to look at the internationally accepted standards .
benchmark Number one:Economic Growth
Let me take you back to 1999:
The avarage monthly IGR of lagos was 650 million naira
the ratio of capital to recurrent expenditure in Lagos state was 33:57 %
The size of the first budget tinubu presented to the Lagos state house of assembly was 1 billion naira.
fast forward
by 2009, the balance has been shifted decisively with 61% going to capital expenditure and 39% to recurrent expenditure.
As at 2012, capital expenditure .
In 2012, the size of the budget has grown to 492 billion and the recorded budget performance was 89%

telexfree1:

Idiat
Wouldn't you rather be in China's position that has over $3 trillion in its current account known as one of the world's largest creditors than being the US with over $ 14 trillion debt.
Are you aware of how many jobs the US has lost to China ? I guess not. Do some research on fundamental analysis and come back.

PS. Stop adding to my posts .

Akainzo:

My guy, if Peter Obi led Anambra is not owing any kobo, then I can understand why the state is stagnant.

Gues what, Dangote owes in billions of naira more than the Okada man, if the okad man wants, he can pride himself on not owing anybody, but he should also accept the differences in the progress that Dangote would make compared to him.

Manlado:


If China recalls the funds.
Can you figure the implications?
Yet you call someone an id.iot.

Uhmm

musiwa1c: manlado corruption is high, there were few corrupt people many years ago

now they glorify corruption