SalamRushdie:
The question to be asked is has Alheri been making any money off the concession at all

Maybe he didn't find another Etisalat to rip off with that licence

PapaBrowne:
We are watching.

Fashola and Buhari should do nothing whatsoever to scuttle Ambode’s and Dangote’s planned 12,000 MW plan for 24hr power supply to Lagos.

We are watching. It always starts like this.

Ambode plan helps Fashola so why would scuttle it? Taking Lagos of the National grid means Lagos allocation goes somewhere else and Fashola would become a hero to the people who get it.

AZeD1:

Ambode is not building a power plant, it's all private sector led.

Why can't u ask ur self the reason why this kinda private sector projects have never happened in Nigeria for decades now?

PrecisionFx:









Why can't u ask ur self the reason why this kinda private sector projects have never happened in Nigeria for decades now?

Policies before 2015 were not favorable to private companies building power plants.

PrecisionFx:



12,000MW plant costs an average of 12 billion dollars to build and another 12 Billion dollars as running costs. From start to finish, It will take 4 - 5 years to build.

Stop dreaming, cuz ambode is preparing for re-election next year.
Lagos never pay for their 2 billion dollars loan during Fashola era, Talk more of another 15 - 20 Billion dollars New loan.

Lagos state is no building or paying for Dangote's power plant, this is Dangote's financed project and also part of his refinery project, not Lagos state's. How much is $2 billion loan in terms of Lagos state's massive N41 billion/month and ever increasing IGR with the best credit ratings in Nigeria?

PrecisionFx:









Why can't u ask ur self the reason why this kinda private sector projects have never happened in Nigeria for decades now?

Familiarize yourself with Nigeria's constitution regarding power generation and transmission, that should answer your question.

Tecno66:
Them go soon sack you. When you dip hand inside crocodile mouth, ready for wetin go follow. I know say na your work you dey do o.

The way this deal was handled, I don't think Dangote and the folks involved are fully committed or interested in the project because it's far far removed from his core business interests.. I won't even be surprised if Fashola's move was actually prompted by Dangote himself.

dondo83:

PapaBrowne: :
We are watching.

Fashola and Buhari should do nothing whatsoever to scuttle Ambode’s and Dangote’s planned 12,000 MW plan for 24hr power supply to Lagos.

We are watching. It always starts like this.

Fiber-optic communication is a method of transmitting information from one place to another by sending pulses of light through an optical fiber. ... Optical fiber is used by many telecommunications companies to transmit telephone signals, Internet communication, and cable television signals.
Why are you embarrassing yourself?

The bold is the only necessary reply you should have given him. Giving him definition is not necessary. For someone to misunderstand fiber-optic as a source of electricity.........gawd! NL have em'

AZeD1:

Policies before 2015 were not favorable to private companies building power plants.

Oyedepo owns a power plant....
Or don't u know?

idealogical:



Familiarize yourself with Nigeria's constitution regarding power generation and transmission, that should answer your question.

U obviously don't know any detail of power generation n transmission in Nigeria.

Call me wen the project starts .

idealogical:




Lagos state is no building or paying for Dangote's power plant, this is Dangote's financed project and also part of his refinery project, not Lagos state's. How much is $2 billion loan in terms of Lagos state's massive N41 billion/month and ever increasing IGR with the best credit ratings in Nigeria?

Lagos IGR publicly available online for the whole of 2016 is 300 billion naira and that is 25 billion a month n not 41 billion dollars.

2 billion Dollars is a very huge amount for Lagos to raise, that's why they are in debt. 2 Billion Dollars translates to 720 billion naira @ 360 naira per dollar.

Edopesin:
So The Richest Man Can Owe Debt
Mama G Laughs In Spiritual Powers

Many rich people owe debt nah, some owe very huge debt.

PrecisionFx:



Lagos IGR publicly available online for the whole of 2016 is 300 billion naira and that is 25 billion a month n not 41 billion dollars.

2 billion Dollars is a very huge amount for Lagos to raise, that's why they are in debt. 2 Billion Dollars translates to 720 billion naira @ 360 naira per dollar.

Lagos declares N436 billion internally generated revenue



The Lagos State Commissioner for Finance, Akinyemi Ashade, has announced that the state government recorded Internally Generated Revenue (IGR) of N436.3 billion in 2016 as against N399.4 billion realised in 2015. According to the News Agency of Nigeria (NAN), the Commissioner for Finance stated this today at a press briefing to mark Governor Akinwunmi Ambode’s second year in office.

http://www.financialnigeria.com/lagos-declares-n436-billion-internally-generated-revenue-sustainable-photovideo-details-798.html

In April 2017, it was N436 billion = N36 billion/month

Lagos generated N503.7bn in 2017 despite harsh economy – Ambode

Lagos – Gov. Akinwunmi Ambode of Lagos State on Thursday said that the state generated a total of N503.7billion revenue in 2017 despite the harsh economic climate in the country.

https://www.vanguardngr.com/2018/01/lagos-generated-n503-7bn-2017-despite-harsh-economy-ambode/

N503.7 billion ÷ by 12 = N41 billion.


You are not current and you are factually wrong, Lagos state today rakes in N41 billion per month and I see it getting up to N80-N100 billion/ month before the end of this year.

Lagos Debt Profile Hits N603.25 Billion, Highest In Nigeria



https://www.pmnewsnigeria.com/2017/03/16/lagos-debt-profile-hits-n603-25-billion-highest-nigeria/

Talking about debt, Lagos state's total debt is N603 billion, not the amount you quoted.

Pays N17bn to service debt, captures 420,000 taxpayers

The commissioner disclosed that the state has accumulated over N103, 415 billion in its sinking fund accounts managed by independent trustees for the redemption of its other outstanding bonds which will mature in future. He said with the payment of N57.5 billion bond, Lagos State has now redeemed N107.5 billion of the N275 billion outstanding bond.


https://newtelegraphonline.com/2017/04/lagos-generated-n436bn-internal-revenue-2016/

Lagos state is in the best financial shape ever since they generate almost the same amount they owe every year and they have a dedicated account they sink money into to pay off their debt with.

The folks managing Lagos state are smart and intelligent people and they know what they are doing. Paying debt is the least of their concern in Lagos state. We are talking about the 5th or even the 3rd largest economy in Africa.

PrecisionFx:


Oyedepo owns a power plant....
Or don't u know?

Seriously?

My neighbor has his own power plant.

This will make Phase3 popular....

In other news......
http://nigeriacommunicationsweek.com.ng/phase3-denies-owing-fg-n27-2bn-over-fibre-optic-agreement/

PapaBrowne:
We are watching.

Fashola and Buhari should do nothing whatsoever to scuttle Ambode’s and Dangote’s planned 12,000 MW plan for 24hr power supply to Lagos.

We are watching. It always starts like this.

Papa Browne see yourself?see how you just made a fool of yourself in your haste to show your bigotry,even the Scripture says "Even a Fool when he keeps his silence is thought to be clever".

AZeD1:

Seriously?

My neighbor has his own power plant.

.

idealogical:







In April 2017, it was N436 billion = N36 billion/month







N503.7 billion ÷ by 12 = N41 billion.


You are not current and you are factually wrong, Lagos state today rakes in N41 billion per month and I see it getting up to N80-N100 billion/ month before the end of this year.






Talking about debt, Lagos state's total debt is N603 billion, not the amount you quoted.








Lagos state is in the best financial shape ever since they generate almost the same amount they owe every year and they have a dedicated account they sink money into to pay off their debt with.

The folks managing Lagos state are smart and intelligent people and they know what they are doing. Paying debt is the least of their concern in Lagos state. We are talking about the 5th or even the 3rd largest economy in Africa.

""and I see it getting up to N80-N100 billion/ month before the end of this year""


.
As the CBN governor of Lagos abi...lmao. Yoruba people sabi boast like no man's business, common stop there. Stop forecasting numbers that u clearly don't have my form of explanation for.



And pls 500 billion naira isn't almost 600 billion naira, U cant approximate 100 billion naira.

Lagos is still in huge debt n obviously need to wipe it out before they can borrow any substantial amount of dollars.

Guk:
Lets make this very simple for Nairalanders.

(1) The Fibre Optic concession bn referred to is to allow Service Providers to run fibre cable along the routes where you have High Tension wire all over Nigeria just like Sub Urban was given right of way to run fibre cables along railway lines wherever they existed in Nigeria. Its simply a rental agreement.

(2) Nigeria's map was divided into 2 vertically from top to bottom. Phase 3 took the more juicy side, the left side and the right side was offered on a platter of Gold to Dangote as he had no investment in telecoms then

(3) Obasanjo gave it to Dangote & Cornelius Adebayo, former Gov of Kwara state and then Minister of Communictaion gave it to his son in law who set up Phase 3.

(4) Been that Dangote knew nothing about Telecoms. he entered into agreement with Phase 3 to manage the right hand side of Nigeria on his behalf.

(5) We do not know if both Phase 3 and Alheari had operationals challenges, but it was meant to be a MEGA money spinner for them.

(6) Fashola, as Minister of Power is only asking for unpaid fees that should have been paid up by the 2 firms.

Its as simple as that

U r wonderful

[s]

PrecisionFx:






""and I see it getting up to N80-N100 billion/ month before the end of this year""


.
As the CBN governor of Lagos abi...lmao. Yoruba people sabi boast like no man's business, common stop there. Stop forecasting numbers that u clearly don't have my form of explanation for.



And pls 500 billion naira isn't almost 600 billion naira, U cant approximate 100 billion naira.

Lagos is still in huge debt n obviously need to wipe it out before they can borrow any substantial amount of dollars.

[/s]


First admit that you lied, that you presented old 2016 figures while deceptively skipping 2017 and current figures, that I corrected and countered you with current and valid facts with verifiable reports and links that says Lagos state generates N41 billion every month and that and not the bogus figure you posted.

Admit your errors first before dabbling into other bogus and flawed rants and to further educate you, credi agencies determine and dictates creditworthiness based on your ability to manage your credit facilities, how you payback and ability to generate personal funds needed to service your debt, not you or your layman understanding of credit facilities and worthiness.

Stick to facts and sound knowledge because you are embarrassing yourself with bogus facts and layman and ignorant utterances.

The schooling on this thread no be here sha