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Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development (15616 Views)

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Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by bennybuhari: 6:18am On Oct 28, 2022
Governorship candidate of the Peoples Democratic Party (PDP) in Lagos State, Olajide Adediran popularly known as Jandor on Thursday said there is no justification for the N350 billion Lagos State governor, Babajide Sanwo-Olu wants to borrow.

The governor who presented a budget of N1.69 trillion to the State House of Assembly for approval for the 2023 fiscal year had revealed that the state will borrow N350 billion to fund the 2023 budget.

The governor disclosed that the budget is deficit and is to be financed by borrowing, which is pegged at N350 billion.

Currently, Lagos’ domestic debt as at June 2022, according to the Debt Management Office (DMO) stands at N797,305,312,602.53, while the foreign debt stands at 1.27 billion US Dollars (N555.828bn).

Speaking with DAILY INDEPENDENT, Jandor said Sanwo-Olu is yet to account for the N255 billion he borrowed without nothing to show for it.


"Has he ( Sanwo-Olu) accounted for the N255 billion borrowed by his administration with nothing to show for it? He grew our local debt from N542 billion in 2019 to N797 billion today with no single development to show for it" he said.
https://independent.ng/budget-sanwo-olu-grew-lagos-debt-from-n542b-to-n797b-without-any-development-jandor/

19 Likes 3 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by frndfghtr(m): 6:31am On Oct 28, 2022
W
Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by greenermodels: 6:47am On Oct 28, 2022
Looting is the order of the day.

85 Likes 6 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Nsonaso(m): 6:55am On Oct 28, 2022
Ha
Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by OPICANTO2223: 6:55am On Oct 28, 2022
Tinibu is working. Hypocritical people that yanked off a performing governor Ambode.

157 Likes 14 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Racoon(m): 6:55am On Oct 28, 2022
Tinubu’s protegee developing the Lagos that Tinubu built the way he taught him as a legacy.

8 Likes 2 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by herkeem: 6:56am On Oct 28, 2022
TINUBU'S LAGOS





https://www.youtube.com/watch?v=yeMSWGDRfdo

2 Likes

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by verybadmouth(m): 6:56am On Oct 28, 2022
So we should vote Jandor abi.
No wahala.

3 Likes 3 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Holywizard: 6:56am On Oct 28, 2022
Tinubu's cut is the major problem

91 Likes 6 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Sannisege: 6:56am On Oct 28, 2022
Jandor na blind man o. So he can’t see all these trains, roads etc?

72 Likes 7 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by KingOfTheDamned: 6:56am On Oct 28, 2022
No one cares...that's an Odua problem....

The fact is never ever will APC rule us again after Buhari...

64 Likes 5 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Stevenson20: 6:56am On Oct 28, 2022
If you think Lagos state governor is not doing anything, go and ask Abia state, Benue, and kogi governors how far

59 Likes 3 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by MITCHELL96: 6:56am On Oct 28, 2022
This is what happens when you elect a bad leader!

Tinubu will do the worst if elected! angry

He took Lagos as his personal property, just imagine if he becomes president, he'll own other states just like he's done to Lagos.

42 Likes 3 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by OceanRed(m): 6:56am On Oct 28, 2022
how the projects he dey commission up and down?

5 Likes 1 Share

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Offpoint1: 6:56am On Oct 28, 2022
Let's keep politics aside and acknowledge those who really worked.

San is trying, him and that Akwa Ibom guy are doing well.

15 Likes 2 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by twilliamx(m): 6:56am On Oct 28, 2022
This one wey gbadamosi called a dullard..

18 Likes 3 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by OkutaNla: 6:56am On Oct 28, 2022
Jandor, why you dey lie?? Anyway, you are wasting your time.

14 Likes 5 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by marv1: 6:57am On Oct 28, 2022
Yes We are not surprised . He must do jagaban's bidden .
Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by bonechamberlain(m): 6:57am On Oct 28, 2022
I wonder why Lagos state still borrows to fund budget. A state making over 40b Naira monthly.This is a world wonder.
The money Lagos makes and still making is enough to complete any project within 4 years without borrowing.

People would mention rail, rail that has been under construction for over a decade.

48 Likes 5 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Opinedecandid(m): 6:57am On Oct 28, 2022
Na Tinubu boi, na

You don't know what he did?

He has done Tinubu, na

6 Likes 2 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Anthony0094(m): 6:57am On Oct 28, 2022
may he go borrow from BAT grin

3 Likes

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by ritteousness(m): 6:57am On Oct 28, 2022
very competent sanwo olu
Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by KUNZEH(m): 6:57am On Oct 28, 2022
undecided
Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Arelyn: 6:57am On Oct 28, 2022
When a poor man hears about debt, they run helter-skelter and even go to the extreme to avoid one of the world's basic secrets to prosperity...

The rich view debt as a very strong financial instrument to accumulate wealth as they know everything the bank claims to have as cash reserve is nothing but figures and are only propped up by the gullible ones who think saving money is the right way to accumulate wealth...

When you save money, you barely make any reasonable interest on it rather the bank invest your money in well-calculated high-risk debt funds and other financial instruments, make interest on your money but share little to no profit with you, that's why savings interest rate are always the lowest in the history of financial appropriations

When money is borrowed for the right reasons under reasonable repayment structures and invested in capital expenditures, servicing such debt becomes less of a burden as the project under every reasonable circumstance will have a service life that far exceeds human life..

Mr Jandor either knows the truth but playing to the gallery to appeal to the emotions of the uninformed or he is not well informed financially.....

26 Likes 3 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Romanoff(f): 6:57am On Oct 28, 2022
Same Lagos Tinubu is using to brag.

1 Like

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Sleyk: 6:57am On Oct 28, 2022
The money still dey somewhere....for his oga at the top campaign.

1 Like

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Spiritual217(m): 6:57am On Oct 28, 2022
Sanwo olu will still win lagos

2 Likes 1 Share

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Akwamkpuruamu: 6:57am On Oct 28, 2022
Same thing Tinubu would do if he wins. He will outdo Buharis government in borrowing. Meanwhile na Tinubu campaign bullion van he's saving

2 Likes

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by JayPeeOham: 6:58am On Oct 28, 2022
Attention

1 Like

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