awodman: GEJ doesn't play politics of bitterness #fact

Delafruita: really?how do you explain the fact that these money was required in febraury,the agreement already stated that FG will have to guarantee the money but then the FG reneged at the last minute.if they had reneged from the beginning it would have been better,but lagos received the first tranche which it used to begin the project only for FG to renege when it got to second tranche.that slowed up work on the road while lagos sought other means of funding and adjusted delivery date.it is now that the project is taking shape that FG now decides to live up to its responsibility

Keneking: Is this all? Seems he now has Lagos as last hope.These projects are all whose initiative? Does he have a choice? Can't he borrow to meet lecturers demand?

I am sure that after spending the entire 315mil USD, Lagos would be better than South Africa.

Delafruita: really?how do you explain the fact that these money was required in febraury,the agreement already stated that FG will have to guarantee the money but then the FG reneged at the last minute.if they had reneged from the beginning it would have been better,but lagos received the first tranche which it used to begin the project only for FG to renege when it got to second tranche.that slowed up work on the road while lagos sought other means of funding and adjusted delivery date.it is now that the project is taking shape that FG now decides to live up to its responsibility

awodman: GEJ doesn't play politics of bitterness #fact

theoctopus:

Why are you talking absolute nonsense? Is Lagos supposed to be borrowing when they can afford to pay Tinubu 15 billion concession buy back for Lekki? Instead of you to appreciate a magnanimous gentleman who doesnt play politics of bitterness after all the insults you people insult him, you are talking trash! When OBJ held back Lagos money, what did you do? You people are evil and wicked hypocrites.

Delafruita: That money should have been released in february but the FG withdrew as GUARANTORS citing excessive borrowing or some other jargons.that led to the slow pace of work on the badagry expressway and the lightrail project for which was the reason for the loan in the first place.thankfully,FG has regained its senses and the project can gather more steam

ndufrank: GEJ is the father of the nation. He is the saviour of Igbo parasites and must be president till may 29 2019.

taharqa: FG as GUARANTOR! You do know what that means, right?? GUARANTOR: meaning d FG wud eventuali pay the loan if there is any default and LASG decides Or are unable to pay ie d World Bank wud ultimately hold d FG. In other words, without d GUARANTEE from d FG (from this President), the World Bank wud refuse to release d money and these projects (Lagos Light Rail, Badagry-Epe Expressway, Gbagada General Hospital, etc) wud NEVER see d light of d day!!! Later when these projects are completed sm people wud be shouting 'Eko oni baje' and even trying to insult d President!...... By d way, what does d LASG do with d over #20billion every month sef?? They also plan to borrow another #87billion by raising Bonds in other to complete that FRAUD that is Lekki-Epe Rd, and ie after paying about #23billion to 'buy back' d road from a FAILED Concessionaire that shld ordinarily be the ones paying d State Govt for failing d terms of its contract (ie a total of #103 wud eventuali be spent to construct a less than 50km road that shld never hv bn up to #50billion- MOST of which wud be borrowed)...#EKO ONI BAJE O

hercules07:

Please stop this nonsense, is the loan free, Lagos has made other arrangements and the FG is just trying to save face, Lagos is credible when it comes to paying its debt, why does Jonathan not go after the Lagos state government if he believes Fashola is stealing afterall, Tinubu is a civilian who is not protected by any immunity. We should thank the FG for being petty, the enron project that Lagos continues to have its money deducted despite the FG not sticking to the agreement is still there, FG roads in Lagos that have been rehabilitated, confirmed by the incompetent FG have not had their money reimbursed, Yar Adua was slow but listen to what Fashola had to say on the Ikoyi Lekki bridge and how he went out of his way to make that happen, that is what we call leadership, not the petty nonsense that GEJ and his cohorts are doing.

taharqa: FG as GUARANTOR! You do know what that means, right?? GUARANTOR: meaning d FG wud eventuali pay the loan if there is any default and LASG decides Or are unable to pay ie d World Bank wud ultimately hold d FG. In other words, without d GUARANTEE from d FG (from this President), the World Bank wud refuse to release d money and these projects (Lagos Light Rail, Badagry-Epe Expressway, Gbagada General Hospital, etc) wud NEVER see d light of d day!!! Later when these projects are completed sm people wud be shouting 'Eko oni baje' and even trying to insult d President!...... By d way, what does d LASG do with d over #20billion every month sef?? They also plan to borrow another #87billion by raising Bonds in other to complete that FRAUD that is Lekki-Epe Rd, and ie after paying about #23billion to 'buy back' d road from a FAILED Concessionaire that shld ordinarily be the ones paying d State Govt for failing d terms of its contract (ie a total of #103 wud eventuali be spent to construct a less than 50km road that shld never hv bn up to #50billion- MOST of which wud be borrowed)...#EKO ONI BAJE O

hercules07: I have responded to the topic, the FG is not doing Lagos a favour, on the Lekki Epe Expressway, let the FG using the EFCC, IG, SSS and any other law enforcement agents arrest all those involved in the deals and charge them to court, afterall, if they are guilty, the money is coming back to Lagos state and will be used to the benefit of all, while we are at it, can you please tell us how much has been expended on the Lagos - Ibadan expressway?

Delafruita: [b]if your brain was functioning properly,you would have realised that the badagry expressway is a federal road which lagos state government should ordinarily not be concerned with.but then the LASG decides to do the road and since the scope of the project is so large,it cant be budgetted for based on IGR and allocation.the LASG then decides to take a world bank loan to do a road which ordinarily should have been the duty of the federal government.an agreement was reached with the yar'adua administration as to what part the FG will play.they dilly dallied for a while and even at a point tried to stop the project.then the first tranche was released.when it was time to release the second tranche,iweala started to blow plenty grammar.i can still remember that fashola addressed multiple press conferences and even went to the national assembly to try to implore FG to honour their part all to no avail.then the state government sought alternative source of revenue and the project copntinued only for the FG to now wake up from slumber after 8months to say they are ready to do their part.if not that the retardeen doesnt know his priorities,shouldnt that road be his administration's priority?thats the entry point fron west africa and the road is an eyesore.fashola decides to take it on and they still try to frustrate the project[/b].why do you think there have been numerous adjustments on when the first phase will be concluded?

You seem to have an obsession with fashola.you probably see him in your dreams

taharqa:

In other words: these projects would NEVER see the light of the day IF the FG does not GUARANTEE the Loans.

Exactly!! That was exactly what I said. So no need for all those plenty, largely meaningless Grammar. Afterall, Nobody is arguing whether the Projects were important Or not

awodman: GEJ doesn't play politics of bitterness #fact

adconline: I sense that Lekki Epe contractors : Hitech, LCC and ARM are about to be rewarded handsomely for a job not done. Here is your check, thank for not trying. Only in Naija!

taharqa:

In other words: these projects would NEVER see the light of the day IF the FG does not GUARANTEE the Loans.

Exactly!! That was exactly what I said. So no need for all those plenty, largely meaningless Grammar. Afterall, Nobody is arguing whether the Projects were important Or not

hercules07:

The projects will take a longer time but they will be done as they were being done.