Obiagelli:
Spanning from the Obasanjo
administration to present, an active
and efficient rail system has been
marred for a long time by
inefficiencies and corruption on a
massive scale. As since the contract
was awarded in the Obasanjo era

Just incase they missed it.

...F A C T.. C H E C K ...

'Obasanjo and Atiku in 8 years built one UNIVERSITY each for themselves....Bells and ABTI.
They built NONE for Nigerians.

Jonathan and Sambo in 4 years built 14 (FOURTEEN) new universities for all Nigerians.
NONE for themselves.

NOTE: OBJ and ATIKU are now consultants/sponsors/piloters/members of APC....



www.nairaland.com/attachments/2023224_106334837960003637540871239247822158463153o_jpega322806fc65b78cc91e1dd619380fecb

Sourced from: https://www.nairaland.com/2146237/why...ive/4#30711260

ibotic:


****
...did you not read that this project
was started during Obasanjo's time
chekwu abiama o...
we ibos need to think
before we write.

saint047:
First they impose ₦50 bank charge, then they increase price of Kerosene used only by the poor. Were they elected to change poverty into hardship?

All thanks to GEJ

OrlandoOwoh:
Wailers, where are Jonathan's locomotive engines?

AceBeauti:
Thank you GEJ

Nigerians will forever be grateful to you.

dollarathe:
gone are the days when you read comments here to brush up your ideas .... under ages now rule this platform called nairaland...they keep seeing things from tribal,religious and their selfish interest view...any small thing its PDP,APC,Christian,muslim,etc... this forum has lost it. Theo says sooo

jmichlins:
These trains are way too costly. We never get tubes and the costs run into millions of dollars imagine if we decide to get underground tubes. Anyway thank GOD for the one we get

AceBeauti:
Thank you GEJ

Nigerians will forever be grateful to you.

BekeeBuAgbara:
Where are the trains Fashola inspected in Canada some ago?

Firefire:
Fellow Nairalanders, in response to Fashola comments below on not receiving enough support from the federal government to complete the Lagos light rail project.

[size=15pt]
"Fashola said all over the world, when cities and states build municipal rails like what Lagos is doing, their central governments support them morally and financially"[/size]

https://www.nairaland.com/2120455/cant-complete-lagos-light-rail

Few months ago same Fashola said this:


[size=15pt]Lagos: How We Spent N160bn World Bank Loan on Light Rail Project[/size]

The Lagos State Government yesterday justified the N160 billion it borrowed from the World Bank, noting that the fund was channelled to finance its light rail (blue line) project.

However, the state government expressed disappointment at the progress of the project, which it said, was not executed as smoothly as possible, but was optimistic of its completion.

The state Governor, Mr. Babatunde Fashola, said this shortly after inspecting the light rail terminus at the Orile-Iganmu part of the state alongside some members of the state executive council.

Speaking with journalists, Fashola said the project would have been completed in another 12 months despite that the project execution was not as smooth and speedy as he wanted it.

The governor raised questions on the intention of the federal government for publishing the state debt profile in the recent time, wondering what could have informed the decision to make it public.

He said: “I think it was the Debt Management Office of the federal government that published the report that we have a debt of about N160billion. I do not know the intent of the publication.

“But if it was to inform the public, I think we have always kept the public informed anytime we borrow money. If there are other intentions behind that, only those who make the publication would know what the intentions are.

“But you see, when people talk about debt of a state like Lagos, they forget that after Nigeria, South Africa, Egypt and one other country, we have the fifth largest economy in Africa.

“When you are talking of about a billion naira debt to a population of over 21 million people; because if you are measuring the debt, you also have to measure the responsibility. Those are the things people keep in isolation.”

He, therefore, explained that the state government already “has in place, strategies to repay the loan. The federal government was in the know of the state’s decision to take the bond and it approved it.”

[size=15pt]He added that the truth “is that what they do not also say is that no state in Nigeria can borrow money outside, from any multilateral agencies without the approval of the federal government.[/size]

“What they did not say is that they approved it. No state can raise money by bond the way we have done without the federal government’s approval. [size=18pt]Both SEC and NSE are all federal regulatory agencies through which we must pass. If they said okay, it means there must be something good about the debt.
[/size]

“Our rating as a state is the same as that of the Federal Republic of Nigeria, BB minus-stable with a positive outlook. We are the only state in Nigeria that has that rating. The first bond that was taken during my first tenure has been paid; the first tranche has been paid.

“I think the second tranche will be settled around 2016 or 2017. We are already making provisions. The provisions that will be there will be in excess of what is needed,” the governor said

Fashola expressed satisfaction on the progress of the light rail project, though decried the petty delay that was encountered as a result funding, saying the project would have should have been completed in another 12 months.

http://www.thisdaylive.com/articles/lagos-how-we-spent-n160bn-world-bank-loan-on-light-rail-project/188736/

AceBeauti:
Thank you GEJ

Nigerians will forever be grateful to you.

ibotic:


****
...did you not read that this project
was started during Obasanjo's time
chekwu abiama o...
we ibos need to think
before we write.

AceBeauti:
Thank you GEJ

Nigerians will forever be grateful to you.

The rail project was supposedly completed in December 2014, but was never delivered. And even if the delivery is 15 months later than expected, it is good news that it finally works considering the fact that it has spanned nearly four administrations.

anonimi:


Obasanjo did NOT pay for it as with most contracts he awarded in his eight WASTED years.

AceBeauti:
Thank you GEJ

Nigerians will forever be grateful to you.

Obiagelli:
Spanning from the Obasanjo
administration to present, an active
and efficient rail system has been
marred for a long time by
inefficiencies and corruption on a
massive scale. As since the contract
was awarded in the Obasanjo era

Just incase they missed it.

RichYoungNigga:
The person who wrote this shiity stuff haven't traveled out of Nigeria.
I live in the US and i have an uninterrupted electricity for 11 years, i haven't seen the lights go off.

Do you know how light speed trains work ??
They use electricity.

Now, i have a few questions for you.
Have you enjoyed uninterrupted electricity for straight 2 weeks ??
How will the train run without electricity ?? I guess it will run with some magical powers.

Ignorant people

2n2k:
It was financed by Chinese loan which Obj negotiated but was initially jettisoned by Yardua govt before good reason prevailed.

Obj govt started the loan negotiation with Chinese in 2002 because the revenue available to his govt then was minimal. Oil was around $20 then. By 2006/2007 when the contract was eventually signed with the Chinese, oil was around $50/60 but he was committed to other projects by then and didn't see the reason not to allow the loan financing to go ahead. Yardua that took over in 2007 thought differently and suspended the contract.

GEJ reinstated the contract with the loan financing even with oil price at over $110.

No need gloating. Let us just thank God that the project was delivered by whoever govt.

Osakah24:
Compared to Fashola and Amaechi's inconclusive rail projects,this one is actually cheaper.

OZAOEKPE:
THEY WONT BLAME JONATHAN FOR THIS DEVELOPMENT, BUT IF IT IS THE OTHER WAY ROUND THEY WOULD WAIL TILL THY KINGDOM COME?

meshacha1:
We know who initiated it "just as Rome was not built in a day",so let's honour who revived railway in Nigeria GEJ.
No amount of propaganda can erase or cover the good effort of a hero GEJ

If GEJ had still remain, maybe by now all the railways would have been effective and refinery which he started would have began its full function and maybe 1$ wouldnt have been 305 naira. Agriculture would have been our bed rock.

AlmuFty01:
having good plan is one thing ability and good will to deliver it is another, all past administrations might be at the mercy of delivering this landmark project but lacking good will.
PMB i guess with his body language is about to do it again.

phemmie06:

One day cars will run on water, so one day light speed trains will run on air

OZAOEKPE:
THEY WONT BLAME JONATHAN FOR THIS DEVELOPMENT, BUT IF IT IS THE OTHER WAY ROUND THEY WOULD WAIL TILL THY KINGDOM COME?

RichYoungNigga:
If anyone can define what a light speed train is and how it works, you win $1000

I'm serious.
Also, tell us if it runs with fuel or electricity

jmichlins:
i never mentioned names and may i remind you that OBJ initiated the project not GEJ.