Ovamboland:


So we have so many dumb educated people. Now I truly agree we need to invest more into education. What else is the proof beyond the drivel quoted here?

Once we have a good transportation system, water and electricity, economic prosperity is automatic!

SMH!

Myopic Reasoning!

Zetra7:
Borrowing unsustainable loans will never ever drive this nation forward, invest in education and SMEs is the way forward...


Stopping using biden infrastructural policy, US is already an educated nation.. Compare ourselves with China , Bangladesh, India and Indonesia, these countries are seriously funding their SMEs and intellectual base..

Once the investment in SME matures with intelligent human resources, money will flow and infrastructure will naturally come..

All great infrastructures in China today was not from loans....

Instead of calling Peter Obi to help you in building the nation, you're turning it into politics..

The same goes for the broke ass Nigerians in this forum supporting a useless set of leaders, put hate aside and learn from men like Peter obi, you will certainly make it in life.

To bring his macro economic view down to micro economics, you can't borrow unrealistic loans to build houses or buy cars instead focus the investment on your little hustle and education, trust me if it means educating yourself in IT, health or even going abroad to study a good course ,you will certainly reap from it..

and f question again is,where will education and Smes b without infrastructure?y una no dey like talk truth line this.how can businesses thrive without power,roads,water,airports and all that?haba, if Dem invest in education and Smes now,una go dey shout infrastructural decay,who do una like dis?suddenly dey shudnt compare us to America,but China,Indonesia and others.are all these guys ur mate?stop living in self denial.fly when dey form butterfly,na die e dey.

mrvitalis:
The truth is Nigeria is a complex mix
..yorubas won't get obi because they are naturally social capitalist like the Norway , Denmark and their brothers

Obi is talking from a capitalist point of view like Germans , Japanese

Infrastructure are good , but are only feel good projects

Lagos ibadan rail can't break even in 100 years ..I'm not saying make profit ...yet u spent $1.5b ok it ...that's 750 billion ...what does that add to our GDP every year nothing

Imagine u take same 750 billion ...call the 10 biggest glass importers ...what would it take to move to manufacturing here ....how much do u want ....work with banks the form partnership establishing 3 glass factory ...that would cost not more than $600m ...u give them $400 million ask them to fund the other $200 million as loan without interest and payment break of 5 years from when they start operations ... payment in the next 10 years

Each factory would employ over 3000 people direct that's 9000 direct over 15000 I direct job

Nigeria glass import is around $1.5 billion a year ...with another $2 billion in west Africa and central African market ,

This would grow our GDP by 3.5 billion dollars minimum , generate a tax of over 50 million dollars per year

Now u still have $1.1 billion

U can do the same for ceramics plates and bathroom equipments ...that's would be less 200 million dollars as loan to the importers can set up 5 factories

U are left with $800 million

Garment factories in aba can cloth Nigeria with $400 million invest ...link the leather producers in kano the shoe markers in aba

Make it easy to transport with police harassment

We can commercialize the rice species we have developed ...$100 million to rice importers can do the magic

$1.5 billion if invested well can generate 5 to 10 billion GDP growth per year

all these beautiful picture u painted,I didn't see u talk about power to run the industries,transportation to distribute d output or u think the consumption will b limited to the area of production?bros,like it or not,u need infrastructure.the government did not construct the Lagos ibadan rail to make profit.it is dere to save man hours,decongest Lagos,decongest d roads,save more lives and so on.now that the rail is in place,ppl can come into Lagos and do their business and return to neigbouring states without much hassles.

egunna:
all these beautiful picture u painted,I didn't see u talk about power to run the industries,transportation to distribute d output or u think the consumption will b limited to the area of production?bros,like it or not,u need infrastructure.the government did not construct the Lagos ibadan rail to make profit.it is dere to save man hours,decongest Lagos,decongest d roads,save more lives and so on.now that the rail is in place,ppl can come into Lagos and do their business and return to neigbouring states without much hassles.

We import this products how are they distributed ?

I am a manufacturer and power is no big deal when it comes to production ...power is covered in factory construction

lexy2014:


Is that d reason u can't answer d following questions? Oooh...u have a virus? U should have said so since. The more reason why I asked if u have cured yourself. If u haven't, how then did u intend curing others? Is that u in d pix?

Send over your dumb Obi for a schoiling on basic economics. Free of charge o.

udele1:


Lol. How much of the roads did mark Zuckerberg use to become great? How much of the roads did bill gates use to develop Microsoft in his garage? If you build roads from lagos to sambisa forest, will that increase the number of cars on them?

Don't people still need money to buy cars to drive on the roads?

America has roads, yet the billionaires in America are not road contractors, but people that developed thier talents and ability.

Show me top 10 billionaires in America and lets see how many are road contractors.

America developed its people first before infrastructure.

Even this nairaland, is it a product of infrastructure or human development?

Remove bill gates and Zuckerberg America is still a rich country, if we have what they had then we'd be fine. Road connection is what will stimulate industry, not industry will stimulate roads

Udemegbunam:
Femi.... Your administration is borrowing for consumption and not for production.
Sometimes I ask myself where and how have we offended you. Every thing is going higher, there's no hope for the common man.

You don't know the meaning of consumption, you're just paroting obi who is playing his politics. Now tell us which loan was used for consumption

Agboriotejoye:

Oga Femi, those you're referring to will also show you big infrastructural projects they undertook and can argue they did better than your masters could ever do in the area of infrastructure, building a refinery to booth!!
The point here is building infrastructure is not an answer to corruption. If not, it's an enabler of it.
I personally think the noise being made about infrastructure is just like the noise made about cassava bread by one admin like that. It's all sound and fury.
The results on ground don't show any superb work in that regard!!

So to avoid corruption, we should not build any expressway, let everyone get cutlass to cut through the bush to reach the next town and instead of 3rd mainland bridge we should get canoe to cross the lagoon.

The unprecedented infrastructure development has really many people go mad and start saying utterly stupid things out of confusion.

udele1:


You will have goods first before moving. If you have no goods, how do you pay back loans?

Agriculture did better when there was security. Now there is more infrastructure and the production is lowered.

Electricity is also part of the SME. Startups can be funded to generate electricity and supply their locality.

See how much has been borrowed and spent on electricity. Do we have steady power?

Will you take loan to build industry when there's no means to distribute your goods? What do you tell the bank when your loan is due? That's why serious govt takes that burden off private business and infrastructure is usually directly unprofitable so doesn't attract private investment.
But the returns are long term and come via stimulation of industrial activities which may take the next 5 - 10 to realize.
If you don't have the infrastructure then it's certain little investment will come in the years ahead.

Only dumb people will see infrastructure getting ready a few months ago and many under construction and be asking for the impact today.

mrvitalis:

We import this products how are they distributed ?

I am a manufacturer and power is no big deal when it comes to production ...power is covered in factory construction

See crazy statement, it's obvious the government is facing the right direction.
And nonentities want the country to remain down and tied to oil prices forever

udele1:


You with high understanding. Those countries we go to borrow from to build infrastructure, where did they get the money to build theirs?

Isnt it from tax generated from company's that grew ?

Those countries you quoted, have they stopped building infrastructure? Are they not constantly improving their infrastructure?

What happened to their rate of industrial development as infrastructure gets better? You think they build infrastructure for fun or out benevolence of their hearts?

Show me one developed country that has infrastructure at the level of Nigeria and got developed without investment in infrastructure. Even America built railway from East coast to west coast by 1860's, you think that effort was for fun and feel good? Was America a developed industrial power before building this rail?

EnkayDezign:


When you're speaking dumb please don't bring it to the public space. Japan has been providing loans to China since 1979 (Known as ODA) until 2007. See links below for details.

https://www.duo.uio.no/handle/10852/24412

https://www.tandfonline.com/doi/abs/10.1080/13439000600697704?journalCode=capr20

USA owes $20trilion and China owes $2.4 trillion.
Most of the loans were used to build infrastructure and public works projects.

aribisala0:


Nigeria is not poor because of lack of infrastructure
We are poor because of lack of Human capital

If somebody came to "dash" us infrastructure with our current stock of ignorant and superstitious people we would still be poor
We have people who pray when they should work who believe in 2021 that human rituals can produce wealth or that Angels make bank deposits
Germany and Japan suffered devastating destruction during the WW II and rose to become leading economies BECAUSE of Human Capital

They have QUALITY PEOPLE

Even the infrastructure we are borrowing for . We are paying FOREIGNERS to build because they have developed THEIR PEOPLE
We cannot build a simple bridge without transferring millions of dollars to other countries and this we do without
any KNOWLEDGE TRANSFER clauses in the contracts

Yet the little human capital we developed are roaming the streets without opportunity to use their training.

Graduates of chemistry now become cake makers and bead maker to survive while many lucky ones escape abroad after investing heavily in their education to service other economy.

Infrastructure will stimulate industry that will mop up many of the moribund graduates now riding okada.

Ajaokuta did not start off in the main because we did not finish the railway started since 1987 to link itakpe mines to the steel plants. That plant alone will mop up over 50,000 engineers, technologist and the mines would mop up many geologist now operating danfo.

While we have a long way to go in human capital development, we must systematically invest to ensure sustainable jobs are been created by the private sector.

Private people hardly invest in infrastructure that may not yield a profit in 10 years.

aribisala0:


Nigeria is not poor because of lack of infrastructure
We are poor because of lack of Human capital

If somebody came to "dash" us infrastructure with our current stock of ignorant and superstitious people we would still be poor
We have people who pray when they should work who believe in 2021 that human rituals can produce wealth or that Angels make bank deposits
Germany and Japan suffered devastating destruction during the WW II and rose to become leading economies BECAUSE of Human Capital

They have QUALITY PEOPLE

Even the infrastructure we are borrowing for . We are paying FOREIGNERS to build because they have developed THEIR PEOPLE
We cannot build a simple bridge without transferring millions of dollars to other countries and this we do without
any KNOWLEDGE TRANSFER clauses in the contracts

Yet the little human capital we developed are roaming the streets without opportunity to use their training.

Graduates of chemistry now become cake makers and bead maker to survive while many lucky ones escape abroad after investing heavily in their education to service other economy.

Infrastructure will stimulate industry that will mop up many of the moribund graduates now riding okada.

Ajaokuta did not start off in the main because we did not finish the railway started since 1987 to link itakpe mines to the steel plants. That plant alone will mop up over 50,000 engineers, technologist and the mines would mop up many geologist now operating danfo.

While we have a long way to go in human capital development, we must systematically invest to ensure sustainable jobs are been created by the private sector.

Private people hardly invest in infrastructure that may not yield a profit in 10 years.

And why do you think railway university is being set up and Nigerian graduates were sent for training in railway technology? A wagon assembly plant has been established and the expectations is that serious Nigerian producers will approach them to supply wagon components including bolts, brackets and axles etc.

It's false to even suggest there's no technology transfer plan as this aspect of the project is all over the news.

We have a lot to do in human capital development but to suggest we should not stop investing in infrastructure based on our level of development.

We will still need 10-20 times the railway mileage China is building for us. We can always attempt the 9-19 times more railway we still need with our own people.

mrvitalis:

$1.5b rail project is not basic infrastructure that's feel good project

We already had a locomotive train for goods

Humans can use bus for now

UK single rail project of £100bn is also a feel good and fun project when Britons still have legs to walk and head to carry load.

Some people need treatment.

Agboriotejoye:


But Babangida built by infrastructure than Buhari has ever built in his two stints.

Mention the infrastructure IBB started and finished in his 8 years

Ovamboland:


UK single rail project of £100bn is also a feel good and fun project when Britons still have legs to walk and head to carry load.

Some people need treatment.

,50 % of that bill is wage Bill and uk is already a developed nation so is allowed to do this

Ovamboland:


See crazy statement, it's obvious the government is facing the right direction.
And nonentities want the country to remain down and tied to oil prices forever

Train system that can never make profit

aribisala0:


More rubbish


Infrastructure begets jobs if you have skilled people. It is not a given in Nigeria as we have seen over the last 6 years where unemployment is at a record level
Most of the Jobs created by Buhari's splurge have been in China , In the Chinese steel sector and construction industry partly because we lack Human capital and also because of badly negotiated contracts
Without quality Human Capital Infrastructure expenditure exports jobs to those countries with expertise rather than create jobs
There are so many example of Huge Infrastructure or Capital projects in Nigeria where most of the technical jobs have gone to foreigners e.g. Dangote's refinery and the FPSO offshore oil installations.
The one infrastructure project that should be prioritized remains a mirage i.e. power. Everything else is just a mirage

The Abuja -Kaduna rail is a good example. Is it making money or creating jobs? It is just a ME-TOO project

Abuja Kaduna railway is part of a larger network to link Apapa seaport to 1400km of interland to facilitate movement of import/export goods and local products moving northward and southward. That cannot be a feel good project.
Those who decided to start in Kaduna Abuja probably can better explain their reason.

Except you enjoy the trailer congestion at the port with the attendant waste of manhours at huge cost and feel we should wait another 20 years to learn how to build standard gauge rail for faster rail trips. Then I think doing something about it is not feel good or me too.

Someone said $1.5bn is too much to link 3 states with combined GDP of over $130bn when countries like Kenya $101b, Tanzania $65b, Ethiopia $95b are stimulating their economic growth rate with railway projects like this each not less than $3bn, I will say he is talking rubbish. People are already improving their efficiency using the Lagos Ibadan rail. Lagos will heave a sigh of relief when many trailers move to Ibadan to pick their containers while the rail gets extended.

By the time the rail links to Kano and freight services via the seaport commence, let's have this discussion again.

mrvitalis:
The truth is Nigeria is a complex mix
..yorubas won't get obi because they are naturally social capitalist like the Norway , Denmark and their brothers

Obi is talking from a capitalist point of view like Germans , Japanese

Infrastructure are good , but are only feel good projects

Lagos ibadan rail can't break even in 100 years ..I'm not saying make profit ...yet u spent $1.5b ok it ...that's 750 billion ...what does that add to our GDP every year nothing

Imagine u take same 750 billion ...call the 10 biggest glass importers ...what would it take to move to manufacturing here ....how much do u want ....work with banks the form partnership establishing 3 glass factory ...that would cost not more than $600m ...u give them $400 million ask them to fund the other $200 million as loan without interest and payment break of 5 years from when they start operations ... payment in the next 10 years

Each factory would employ over 3000 people direct that's 9000 direct over 15000 I direct job

Nigeria glass import is around $1.5 billion a year ...with another $2 billion in west Africa and central African market ,

This would grow our GDP by 3.5 billion dollars minimum , generate a tax of over 50 million dollars per year

Now u still have $1.1 billion

U can do the same for ceramics plates and bathroom equipments ...that's would be less 200 million dollars as loan to the importers can set up 5 factories

U are left with $800 million

Garment factories in aba can cloth Nigeria with $400 million invest ...link the leather producers in kano the shoe markers in aba

Make it easy to transport with police harassment

We can commercialize the rice species we have developed ...$100 million to rice importers can do the magic

$1.5 billion if invested well can generate 5 to 10 billion GDP growth per year

It's never about what you spend on roads or when and how to break even, the massive and economic impact are always free and fast movement of goods and services, increase in manpower productivity and facilitating trade and economic access to underserved communities, this is the growth they are talking about, not what you spent on any particular roads.

The developed Nations borrowed and are still boring to spend on infrastructures, but sadly in Nigeria, the thinking is always backward and primitive.

You then destroyed your own already warped argument about trade, factories and manufacturing?

The question now is, how do you effective;ly get your products, good,s and services to the markets and the end-users? You do so by transporting them on bad and unusable roads where your goods spend countless hours on bad roads, get in accidents or just perish before getting to the market?

You see how pointless and void you sound?

How glad I'm that people like you are not in charge of this country because for one vacuous reason or the other, you won't hesitate to let the country rot and decay based on ignorant, flawed and baseless reasons.

Megasaucy:


Send over your dumb Obi for a schoiling on basic economics. Free of charge o.

But is that why u can't answer d simple questions:

Oooh...u have a virus? U should have said so since. The more reason why I asked if u have cured yourself. If u haven't, how then did u intend curing others? Is that u in d pix?

Megasaucy:


Send over your dumb Obi for a schoiling on basic economics. Free of charge o.

Since u have free basic economics schooling, u couldn't answer these simple questions:
So how is infrastructure developed? Does it fall from d sky?

By d way, what is "schoiling"? Don't tell me that's how u spell schooling?

aribisala0:


It was done with American Knowledge/Human Capital and Financial Capital, American steel, American power etc
They did not bankrupt themselves to do it

Today we are using almost all our revenue to pay debt and a lot of that is in foreign currency

America ONLY borrows in dollars which means their economy was STRONG ENOUGH to carry the debt

China still used German technology for it's railway as recently as 10-15 years ago. They've been using American gas turbines and European compressors while copying and developing their own. They still use Boeing and Airbus to fly passengers while copying and developing their own. Wisdom is knowing your limitations and working to improve it. Then know to what extent you want to import expertise and how you interact with that.

What would it cost us to sponsor any Nigerian kid to China in order to see working railway to learn about it versus having it here for millions of kids to see while the ones interested can take it further?

There's still a lot of infrastructure to build in Nigeria and we will have many more government to come. If we put the right ones in place then they will get more benefits out of the infrastructure investment.

Ovamboland:


So to avoid corruption, we should not build any expressway, let everyone get cutlass to cut through the bush to reach the next town and instead of 3rd mainland bridge we should get canoe to cross the lagoon.

The unprecedented infrastructure development has really many people go mad and start saying utterly stupid things out of confusion.

Where did you see me saying they should not build infrastructure.
Is English disturbing you?
Femi claimed some people institutionalised corruption and I said same people did far better than Buhari could ever do in terms of infrastructure.
As everyone knows, infrastructure can be a good conduit for corruption. A good example is Bida-Abuja road which has been awarded twice by this admin but has become an abandoned project.
What I'm pointing out is the infrastructure noise is just noise. There's nothing that is special going on better than previous govts. I stand to be corrected with facts though

A country's system for moving goods — from the highway to rail, from the seaport to the airport — are intimately tied to economic growth through trade. Infrastructure investment will be key to renewal and recovery in the post-pandemic period.



Every day, manufacturers accept raw materials and other inputs via truck and rail to process them into finished materials. End products such as finished chemicals, machinery, autos and now—even more pressing in today’s COVID-19 response—cleaning products, essential household items, medicines, vaccines and personal protective equipment, all leave manufacturing facilities around the country to be transported to customers both here and abroad.

Insufficient or inefficient infrastructure can raise businesses’ transportation costs, putting a dent in US manufacturing competitiveness and adding to the costs of trade. As one manufacturer recently explained in congressional testimony, “If ports are clogged, trucks are delayed, power is down, or the internet has a lapse, productivity and customer service are impacted. Across the manufacturing sector, transportation logistics matter, and congestion—whether at a port or on a crowded highway—is waste that drives the consumer’s cost up like a hidden tax.”


The manufacturing sector accounts for 11 percent of US GDP and manufacturers in the United States would like to see that footprint expand. Investments in transportation infrastructure that improve freight connectivity, capacity, performance and flexibility can help manufacturers expand sales at home and around the world, helping to lead US economic recovery and renewal.


https://internationalbanker.com/brokerage/the-crucial-importance-of-investment-in-public-infrastructure-for-economic-recovery/

Peter Obi is on record as one of the many failed public officials in Nigeria so it's really not smart to expect sane and rational views from him.

Ovamboland:


Mention the infrastructure IBB started and finished in his 8 years

I already did.

Check my post.

Abuja capital city
Third mainland bridge
Shiroro hydroelectric power dam
Kano-Kaduna highway
Port Harcourt refinery 2

And there's even more

aribisala0:


Spare us the dramatics and hyperbole
No it is not a binary issue ,not necessarily
But you cannot fix our infrastructure deficit overnight

Simple question

Is the capacity to borrow finite?

Does it make sense to borrow at the scale we are borrowing without addressing the revenue deficit whilst subsidizing petrol and not addressing the cost of governance

Crucially what are the priority infrastructure projects or does that not matter as long as money is spent on a "project" ?

Are all project sensible and of immediate priority?
Why is electricity infrastructure not prioritized over a rail project to Niger?

The Niger issue has exposed your inherent bigotry, when are you going to mention the recently commissioned bridge to Cameroon? Is that not a foreign country?
Read up and educate yourself about the place of the rail to Niger in the scheme of ECOWAS plans and know that it precedes the current govt.

lexy2014:


I didn't ask u what did their govts do. I asked how did d private sector in developed countries qualify to build infrastructure?

Nigerian private companies now build infrastructure starting with roads via tax credit policy.
Dangote, MTN, Flour mills are already on to this. Find out more if interested

Agboriotejoye:

1. Let's discountenance uncompleted projects if not Warri-Itakpe can also be claimed by IBB regime. So, modify your list to reflect that.

2. I'll also expect you to remove Lagos-, Ibadan expressway cause it's not a new project but just a rehabilitation. Or have people not been using the road since the 70s and successive govt carry out rehab work on it?

3. Here we go

Abuja capital city
Third mainland bridge
Shiroro hydroelectric power dam
Kano-Kaduna highway
Port Harcourt refinery 2

You want more?

All those projects had been progressed very far by the Shagari administration. It was good of IBB to complete some of them. He started itakpe warri railway in 1987, failed to finish it, but 5 governments came after had did not even look at it until now.

Ovamboland:


The Niger issue has exposed your inherent bigotry, when are you going to mention the recently commissioned bridge to Cameroon? Is that not a foreign country?
Read up and educate yourself about the place of the rail to Niger in the scheme of ECOWAS plans and know that it precedes the current govt.

This is what you people that support govt suffer from. Intellectual deficit. First of all, the bridge in question is 1.5km. So stop hyping it like it's a mega project.
Secondly it is being paid for jointly by Nigeria and Cameroon through a loan from AfdB.
Can you compare that with the Niger rail which goes 25km into Niger and has a cost of $3.9bn taking into account the present trade volume and even trade potential between both countries and even security aspect.

Ovamboland:


The Niger issue has exposed your inherent bigotry, when are you going to mention the recently commissioned bridge to Cameroon? Is that not a foreign country?
Read up and educate yourself about the place of the rail to Niger in the scheme of ECOWAS plans and know that it precedes the current govt.

You are ignorant and determined to be abusive
Am I Cameroonian? Did you just learn the word bigot and want to practice it?
Why should I like Cameroon more than Niger? Clearly YOU are the bigot for making assumptions about me

The Nigeria-Cameroon bridge is funded by the African Development Bank, Japan and Europe with some funding from Cameroon and Nigeria . Is Niger contributing a penny to the project?
What is bigoted about pointing out the obvious
IS NIGERIA SPENDING A PENNY INSIDE CAMEROON
It is not repeat NOT a project of this regime.
It was conceived and agreed under the Obasanjo government as a peace maintaining effort following the ceding of Bakassi
The two schemes are totally different in too many ways
If you have nothing sensible to contribute keep quiet

mrvitalis:

Most of those cost comes as a result of police bribes and custom clearing ... there is already functioning locomotive Rail that's what broke countries like us us for now

A $450bn economy cannot embarked on $12bn project that takes 5 years, about $2.4bn a year and you think that is normal in the past 20 years?

We should be able to embarked on $50bn projects at a go if we know what is good for us, not all these kobo kobo project. That's if we harness properly the power of our economy size.