Owopariola001:


He did.

"Our administration will engage in
extraordinary prudence in contracting
debt in foreign currency. Our policy will be
such that new foreign currency debt
obligations will be linked to projects that
generate cash flows from which the debt
can be repaid.

Where possible, we shall limit such foreign
currency denominated debts to essential
expenditures that cannot be adequately
addressed by either naira denominated
expenditures or debt obligations."

Are you sure you read it or do you just want to criticize it for the sake of it?

Do you understand what you quoted? As a matter of fact, he's promising to take on more debt.

I didn't see anything like inflation here too

OsunOriginal:
Seeing the manifesto of Bola Ahmed Tinubu, I was blown away by both the content and the quality of work that went into the preparation of the document. It shows seriousness and will definitely raise the bar of electioneering in Nigeria. Other contenders will now have to up their games or crash out of the race.

Thank you Tinubu for a well-prepared manifesto. It shows how seriously you take the business of governance.

His manifesto is fantastic but he doesn't have capacity to implement it. Tinubu had the mental, intellectual, emotional and physical capacity to govern Nigeria 10 years ago.

OsunOriginal:


All LGs and LCDAs in Lagos have their separate accounts. A local government chairman in Lagos doesn't need to go cap-in-hand to the governor for approval and funds to execute a project.

What I'm hearing is the accounts are for the igr not for federal allocation. Is that correct?

Agbegbaorogboye:

Do you understand what you quoted? As a matter of fact, he's promising to take on more debt.

I didn't see anything like inflation here too

You don't understand what I quoted.

Burrowing is not the problem, but the methodology.

In simple terms, he said, instead of borrowing foreign currency directly, the arrangement will be in such a way that "this money will be linked to projects that generate cash flows from which the debt can be repaid."

For example, through PPP, the government will build residential houses that will be sold to Nigerians and the buyers will repay themselves.

In another case, they build refineries and rails in such an arrangement, that the investors will get their money back through the gains from its revenue. As such, there will be no need to be servicing debt directly.

Dsalvo:


100% correct. In fact, Tinubu was always bravely standing up to Buhari and opposing the machiavellian tendencies of the North while cowards like Obi and other southern opportunists were hiding their faces.

Buhari will announce "no going back on grazing route".

Tinubu, as the only authoritatively 'ballsy' southern leader will fire back that "open grazing no longer tenable".

Where was the coward Obi back then during the herdsmen crisis when Tinubu alone was standing up to be counted ?

Can we talk about Atiku who was chilling with his Arab brothers in Dubai to care about the insecurity vagrant Fulani herdsmen were causing everywhere ?

Nigerians lack critical intelligence.

Are you kidding me? Tinubu stood up to Buhari? In which universe? If it's about open grazing, what about akeredolu, Fayose and Ortom?
As a matter of fact, Tinubu supported conversion of "unused public land to ranches" aka ruga

Owopariola001:


You don't understand what I quoted.

Burrowing is not the problem, but the methodology.

In simple terms, he said, instead of borrowing foreign currency directly, the arrangement will be in such a way that "this money will be linked to projects that generate cash flows from which the debt can be repaid."

For example, through PPP, the government will build residential houses that will be sold to Nigerians and the buyers will repay themselves.

In another case, they build refineries and rails in such an arrangement, that the investors will get their money back through the gains from its revenue. As such, there will be no need to be servicing debt directly.

Bros, go back and read what you quoted well. Where's PPP or investors mentioned there? He was clearly talking about borrowing to finance govt expenditure in foreign currency.

Don't add what's not there. Let's have an honest conversation. There's nothing that connotes debt management there.

Agbegbaorogboye:


Bros, go back and read what you quoted well. Where's PPP or investors mentioned there? He was clearly talking about borrowing to finance govt expenditure in foreign currency.

Don't add what's not there. Let's have an honest conversation. There's nothing that connotes debt management there.

What does this mean to you "this money will be linked to projects that generate cash flows from which the debt can be repaid."

Agbegbaorogboye:

What I'm hearing is the accounts are for the igr not for federal allocation. Is that correct?

Federal allocations go to the state and the state disburses to LGs/LCDAs accounts.
Before the PDP changed it, LG funds were going directly into the accounts of the LGs from the FG. When the PDP came, the two (state and LGs funds) were lumped together and paid to the states with the expectation that the states would in turn disburse to LGs as required and oversee the the spending. Remember the infamous withholding of the Lagos state's allocation. It was the LG part of the funds that was withheld by OBJ over the LCDAs creation by Bola Ahmed Tinubu (the then Lagos state governor).

Owopariola001:



What does this mean to you "this money will be linked to projects that generate cash flows from which the debt can be repaid."

It means borrowing for capital expenditure not recurrent. This current govt usually claims the same thing. They will com on air and tell you the loans are tied to Lagos-Ibadan rail, 2nd Niger bridge etc
But we know say na wash

OsunOriginal:


Federal allocations go to the state and the state disburses to LGs/LCDAs accounts.
Before the PDP changed it, LG funds were going directly into the accounts of the LGs from the FG. When the PDP came, the two (state and LGs funds) were lumped together and paid to the states with the expectation that the states would in turn disburse to LGs as required and oversee the the spending. Remember the infamous withholding of the Lagos state's allocation. It was the LG part of the funds that was withheld by OBJ over the LCDAs creation by Bola Ahmed Tinubu (the then Lagos state governor).

That's not how it is Bros. The Constitution states that the states should maintain a joint account for the federal allocation. That's why when Buhari tried to pay LG accounts separately, he was taken to court by NGF and judgment went in their favour

Agbegbaorogboye:

That's not how it is Bros. The Constitution states that the states should maintain a joint account for the federal allocation. That's why when Buhari tried to pay LG accounts separately, he was taken to court by NGF and judgment went in their favour

What do you mean by joint account? There is nothing like that in reality. What we have is a state government-controlled account into which the federal allocations (state and LGs) are paid. It's not a joint account because the LGs are not signatories to the account and they don't have a say in how the state gov chooses to allocate or use the funds.

And Buhari attempting to pay the LG funds into the LG accounts should tell you the LGs used to have their own accounts for direct federal allocation payment.

The PDP in their evil desire to rule the country for 60 years brought us to this point. The APC government has been working hard to change that.

OsunOriginal:


What do you mean by joint account? There is nothing like that in reality. What we have is a state government-controlled account into which the federal allocations (state and LGs) are paid. It's not a joint account because the LGs are not signatories to the account and they don't have a say in how the state gov chooses to allocate or use the funds.

And Buhari attempting to pay the LG funds into the LG accounts should tell you the LGs used to have their own accounts for direct federal allocation payment.

The PDP in their evil desire to rule the country for 60 years brought us to this point. The APC government has been working hard to change that.

Whatever name you choose to call it, the fact is the account is not a creation of the PDP but the Constitution. It is there in section 62 subsection 4-6.

The APC led FG attempted to change it and was resisted by APC led NGF who took the matter to supreme Court and won. So why blame PDP for that?

The APC has controlled Nass for eight years. Why have they not amended the Constitution to reflect that?

The last one they attempted to, Omo-Agege just complained this week that 25 states, majority of whom are APC refused to sign.

The LGs got their allocation directly during the military era. It has not happened since the 1999 Constitution came into effect.

This should show you that there are so many promises Tinubu is making in this manifesto he won't be able to keep.

Agbegbaorogboye:

It means borrowing for capital expenditure not recurrent. This current govt usually claims the same thing. They will com on air and tell you the loans are tied to Lagos-Ibadan rail, 2nd Niger bridge etc
But we know say na wash

How is it wash? If these projects continue to generate money which in turn is used in repayment?

The borrower will be in charge of collecting tolls or tfare, and it will be accounted as debt repayment.

So how is wash?

OsunOriginal:


Tinubu didn't draft manifesto for Buhari and he wasnt even part of Buhari government - he was fenced out.

He was later fenced out..
Thank you....

KGD10:


You were the phool who couldn't hear telecommunications in the video clip I put to you until you were called out for your stupidityyy. Not surprised you're displaying same stupidityyy. You can't see federalism, state and local government control? You dey mad? Very uselesssss unintelligibleeee being.

your English says all.

Owopariola001:


How is it wash? If these projects continue to generate money which in turn is used in repayment?

The borrower will be in charge of collecting tolls or tfare, and it will be accounted as debt repayment.

So how is wash?

If the amount claimed for the projects Is what is actually used.

davillian:

He was later fenced out..
Thank you....

He is the leader of the Apc gang till today.