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CBN Team Inspects Lagos Red/Blue Line Projects - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / CBN Team Inspects Lagos Red/Blue Line Projects (24328 Views)

Babajide Sanwo-Olu Inspects Red Rail Line Projects / Sanwo-Olu Inspects Lagos Red Line Rail Project (video) / Sanwo-Olu Visits Site Of Red And Blue Rail Line Projects (2) (3) (4)

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Re: CBN Team Inspects Lagos Red/Blue Line Projects by cyrilamx(m): 6:58pm On Jun 13, 2021
erico2k2:

Now with all this plenty grammar pls tell us what our external reserve is now, how much we now owe and the average price of oil I n two years running
since assumption of office, PMB is yet to sell oil above $70, the price at which Gej started borrowing to pay salaries. Now the external reserve is at $34B up from $29B despite oil prices below what Gej sold and even PMB settling most debts owed contractors and pensioners. And can u deny the infrastrctural drive of PMB?
Re: CBN Team Inspects Lagos Red/Blue Line Projects by wpadmin: 7:06pm On Jun 13, 2021
niyisky:
The rate at which Lagos is developing...I just pray that these set of brilliant minds will continue to lead the state.

My only concern is the level of migration from other states is high, thereby putting so much pressure on social amenities.

Other states needs to wake up and begin to work.

Exactly
Re: CBN Team Inspects Lagos Red/Blue Line Projects by Thinktwicemybro: 7:52pm On Jun 13, 2021
RichBoy247:


Are you and typing from the psychiatric hospital?

Is it Tinubu that is also embezzling your state's money or how come you cannot stay in your village! How come your governors spend more days in Lagos than in your crime infested state?
Is the same question am asking o. How come your Lagos state is still as poor as my state even with the high population in Lagos and the high monthly allocation and tax returns.

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Re: CBN Team Inspects Lagos Red/Blue Line Projects by Bashir75: 8:07pm On Jun 13, 2021
obynzo:


Oga why do you keep displaying your stupidity in HD. It is embarrassing that this project is tagged as world class. this is a project that cannot even measure up to projects in Johannesburg, Kigali, Nairobi and Casablanca and these are African cities that Lagos had started becoming a mega city far before them even when it was a capital territory of Nigeria. It is so obvious even to the blind that Lagos is being fleeced by the cabals holding the state, once anyone criticizes the present situation of the state, the person is tagged as an IPOB or an igbo man. This is the reason why Nigeria cannot progress because of nitwits like you. It is a shame to APC that the only enduring projects in Lagos are Federal projects done when Lagos was a capital city and when Jakande(The best governor who had the interest of the masses) was governor. You know the truth, but you just need to justify your paymasters that is why you are talking like this. Mind you any blood that is spilled because of your quest to knock igbos into this will bring curses to you and your unborn generations.

Thank GOD you make references to Jakande, a proud Yoruba man. Can you mention any in your Igbo state or region?
Re: CBN Team Inspects Lagos Red/Blue Line Projects by Bishopsgate(m): 8:14pm On Jun 13, 2021
naptu2:


https://m.facebook.com/story.php?story_fbid=4259840647370502&id=492378324116772

lol!!!

Why not tell us when this project started, how much has been spent prior to CBN's intervention, what happened to the World bank loans and how long it has been under construction?

Do you know how many countries started construction after us that have completed theirs years back?

The project is a good one but has been used to milk taxpayers' money for too long

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Re: CBN Team Inspects Lagos Red/Blue Line Projects by updatechange(m): 8:17pm On Jun 13, 2021
sweetshisha:
cool




God bless Asiwaju Bola Ahmed Tinubu

God bless Raji Fashola

God bless Babajide Sanwo-Olu



Are u loss of memory or you are an ingrate or probably it wasn't intentional...



I just wanna know, where did u put Ambode

.

1 Like

Re: CBN Team Inspects Lagos Red/Blue Line Projects by Tycyborg(m): 11:44pm On Jun 13, 2021
niyisky:
The rate at which Lagos is developing...I just pray that these set of brilliant minds will continue to lead the state.

My only concern is the level of migration from other states is high, thereby putting so much pressure on social amenities.

Other states needs to wake up and begin to work.

High Migration is normal and it is happening all over the world. USA New York, for an example New York was now over populated to an extent there are traffic everywhere and same happens is India too... Check out too 10 worse traffic in the world and you will see that Lagos is not even over populated yet
every country has that place like Lagos. It's normal
Re: CBN Team Inspects Lagos Red/Blue Line Projects by Nobody: 2:57am On Jun 14, 2021
Bashir75:


Thank GOD you make references to Jakande, a proud Yoruba man. Can you mention any in your Igbo state or region?

You see where you ignorance has gotten the best of you in HD. Late Alex Ekweme and Dr Sam Mbakwe were in the same 79 class as Jakande and their achievements are still displayed in the east till today especially Sam Mbakwe as governor of old Imo state.
Re: CBN Team Inspects Lagos Red/Blue Line Projects by 9jaRealist: 8:07am On Jun 14, 2021
Re: CBN Team Inspects Lagos Red/Blue Line Projects by 9jaRealist: 8:09am On Jun 14, 2021
Officialgarri:
When it comes to infrastructure, give it to this APC government.

Despite the oil price drop, the debts, economic crisis and all, there are toooooo many evident projects

Can we say same about a government who had oil at over $100 per barrel of oil? Yet today, all we hear Reno Omokiri saying is "we started it. We brought the idea"

Lagos has always done well on infrastructure (even before the APC was formed)…
Nonetheless, agree that the APC government has done well on rail infrastructure (but no different on electricity, housing, etc.).

Borrowing money to compensate for lower oil revenue isn’t really great economic wizardry…
It’s our generation and our kids (and their kids) who’ll pay for these projects, because the government couldn’t expand its revenue base!
>
Re: CBN Team Inspects Lagos Red/Blue Line Projects by 9jaRealist: 8:20am On Jun 14, 2021
Bishopsgate:
lol!!!

Why not tell us when this project started, how much has been spent prior to CBN's intervention, what happened to the World bank loans and how long it has been under construction?

Do you know how many countries started construction after us that have completed theirs years back?

The project is a good one but has been used to milk taxpayers' money for too long

Except that Lagos is not a country…
Harder for a sub national to raise capital compared to sovereigns.

Further, massive infrastructure projects can be difficult to execute for various reasons…
Even New York City in a developed economy took DECADES to complete its Second Ave line.

Let’s just be glad to see continuous progress…
Even delays can be a blessing in disguise (eg, better technology, better rolling stock, etc.).
>
Re: CBN Team Inspects Lagos Red/Blue Line Projects by 9jaRealist: 8:34am On Jun 14, 2021
cyrilamx:
Guy don't defend the indefensible. Gej enjoyed so much oil windfall during majority of his admin. He not only earned N51T naira from oil alone, but also depleted our foreign reserve from $43B to $27B. Despite his so much being credited with assembing the best technocrats. If Gej hadn't plummeted our FR, our economy could HV withstood the recession of 2015. Many Nigerians condemning PMB fail to understand that there is correlation btw ur foreign reserve and value of the naira. Whether we accept it or not PDP really looted Nigeria into economy doom. Now PMB is building infrastructures here and there despite paucity of funds, but he is the villain cos he refused to share money and give out juicy appointments to particular people.

The value of your local currency has little or NO correlation with economic strength…
Kuwait’s currency is over 3x the strength of the dollar, while the Japanese Yen trades at over 110 to the dollar.

Furthermore, Nigeria could always do a “Ghana” which simply deleted 3 zeros from its cedi…
Only reason Nigerians obsess over currency valuation is that we import virtually everything, an indictment of our economic capacity.

Meanwhile, while the economic recession of 2015 was inevitable (it affected ALL commodity producers)…
Buhari’s economic illiteracy/inertia WORSENED AND PROLONGED it. Many countries in a similar position quickly turned things around.
>

1 Like

Re: CBN Team Inspects Lagos Red/Blue Line Projects by dederocs(m): 10:41am On Jun 14, 2021
DMerciful:
If your family is not originally from Lagos, you're not from Lagos either. Being Yoruba doesn't make you an indigene of Lagos. By the way the original indigenes of Lagos are less than 10% in Lagos. They're now minority, it is what it is.
You are devcieving yourselves, who are collecting levies everywhere, who are omonile's... indigenes. Keep deceiving your kind.
Re: CBN Team Inspects Lagos Red/Blue Line Projects by cyrilamx(m): 2:03pm On Jun 14, 2021
9jaRealist:


The value of your local currency has little or NO correlation with economic strength…
Kuwait’s currency is over 3x the strength of the dollar, while the Japanese Yen trades at over 110 to the dollar.

Furthermore, Nigeria could always do a “Ghana” which simply deleted 3 zeros from its cedi…
Only reason Nigerians obsess over currency valuation is that we import virtually everything, an indictment of our economic capacity.

Meanwhile, while the economic recession of 2015 was inevitable (it affected ALL commodity producers)…
Buhari’s economic illiteracy/inertia WORSENED AND PROLONGED it. Many countries in a similar position quickly turned things around.
>
What would u have done different to avert the imminent recession as president wen oil plummeted from $70 early 2015 to $23 after the handover and then the Niger Delta Avengers started blowing up pipelines which crippled production from 2m bpd too 700 thousand? And external reserve was depleted from $43B to $27B, then more than 26 states needed urgent bail out? I think u forgot the dire situation of the economy PMB inherited. You forgot it now the president is even buying military hardwares to fight insurgency. So tell me what u would hv done differently.

1 Like

Re: CBN Team Inspects Lagos Red/Blue Line Projects by Amalekki: 2:52pm On Jun 14, 2021
Sipsum:


Nigeria oil is called opec basket, get an mt4 forex trading terminal, install on your laptop and view the oil chart.
Use monthly chart, minimize the view so that you can see clearly.
grin grin grin grin grin you will see the truth.
OPEC basket is an average not a specific price and it's usually hovering around $4 below Brent. So what exactly is your point here? The fact is that Nigeria was selling oil steadily when it was going for $100+ between 2011 and 2014 with Brent averaging $110, in other words - we made more than what we ever did at any point in history but lost the opportunity by wasting a chunk of what was made. That is the MAJOR, that is THE TRUTH that matters. The specific daily price of oil and whether it occasionally hovered below $100 as part of OPEC basket at any point within that period is the MINOR. Why are you focusing on the MINOR?
Re: CBN Team Inspects Lagos Red/Blue Line Projects by DMerciful(m): 5:50pm On Jun 14, 2021
Those poor people collecting levies and doing omonile? Mtchew undecided
dederocs:

You are devcieving yourselves, who are collecting levies everywhere, who are omonile's... indigenes. Keep deceiving your kind.
Re: CBN Team Inspects Lagos Red/Blue Line Projects by Bashir75: 7:59pm On Jun 14, 2021
obynzo:


You see where you ignorance has gotten the best of you in HD. Late Alex Ekweme and Dr Sam Mbakwe were in the same 79 class as Jakande and their achievements are still displayed in the east till today especially Sam Mbakwe as governor of old Imo state.



Wetin concerned me with Igbos. Please, take your madness to your Biafraudland.
Re: CBN Team Inspects Lagos Red/Blue Line Projects by Nobody: 11:50pm On Jun 14, 2021
Bashir75:




Wetin concerned me with Igbos. Please, take your madness to your Biafraudland.

Oga go and sit down o jare you have no talk. You are just planted here to spread ethnic hatred, whereas you have nothing wise and sensible to offer.

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