FOOTSOLDIER2:
You keep borrowing money to enrich the Chicago kingpin. Why is the drug lord never satisfied, despite all his ill gotten bullon van wealth ?

Dey zip ur mouth no be everything u go shook mouth for

Imagine bragging about money you can borrow

Telltruth123:

I study accounting
You just have to be creative

lol...you study accounting doesn't make you know Jack about macro/micro economics or development economics

Dobodobo04:
Debt isn’t bad if used for rightful purposes.

Gov Sanwo-Olu, take Lagos off the grid before you leave and build a power generating station.

Will be a game changer for the state. It’s close to the coast, so Lagos can harness wind, solar and even gas. We can also start incinerating waste for power generation. All these can be combined for a solid 2000 mega watt.

We can sell some to neighbouring state and retain them if we need them in the future. Also, electricity sold to Lagosians would mean money would be generated to pay back debt.

We will have streetlights and CCTV across the state for enhanced security that state police could utilise once the bill gets passed in the NA.

Gov, think proactively and May God continue to be your guide!!

Well spoken if you want to borrow use it to invest in power generation and transportation
What will generate income to pay debt

WantsandMore:
lol...you study accounting doesn't make you know Jack about macro/micro economics or development economics

This thing is common sense

In essence, Lagos State has the capacity to become the poorest state in Nigeria while pretending to be rich. I guess that's what the governor is trying to say

Lol. Make una kuku use debt kill the state now! Useless leaders

Onigbese ...

Telltruth123:
Lagos State is a rich state, revenue enter it's account every second. Lagos State does not need to borrow money, the revenue is enough to cover all it's expenses both capital and current expenditure, unless if there is misappropriation of public fund.

I really missed Ambode, he did not give room for misappropriation of Lagos State revenue.
Ambode made life easy for Lagosians.

very true. I missed Ambode Administration too. Much transparency and accountability in AMBODE government.

Telltruth123:

This thing is common sense

not entirely true. Some profession requires deep understanding not half baked common sense. This is because common sense often requires experience but experience is a shortcoming when its impossible to experience everything before drawing a reasonable conclusion

Racoon:
Senseless! Same thing Buhari and his ministers said till they mortgaged Nigeria beyond redemption today.

Lol no put my state and Buhari in the same sentence. We know what we're doing and we're seeing the result lol.

Dobodobo04:
Debt isn’t bad if used for rightful purposes.

Gov Sanwo-Olu, take Lagos off the grid before you leave and build a power generating station.

Will be a game changer for the state. It’s close to the coast, so Lagos can harness wind, solar and even gas. We can also start incinerating waste for power generation. All these can be combined for a solid 2000 mega watt.

We can sell some to neighbouring state and retain them if we need them in the future. Also, electricity sold to Lagosians would mean money would be generated to pay back debt.

We will have streetlights and CCTV across the state for enhanced security that state police could utilise once the bill gets passed in the NA.

Gov, think proactively and May God continue to be your guide!!

Good point.
The problem is not debt it is what is been done with the debt. United states is probably the most indebted country in the world. As we speak the rest of the world is going into recession while the US economy is growing with almost full employment of all citizens willing to work.
The problem with Nigeria is most of the loan goes into peoples pocket to the detriment of the purpose for which it was obtained.

Sanwo Olu want to borrow more money again. How much debt is Lagos State government paying every month?

Fearurcreeator:

Oga that money small for Lagos sef ... It's budget shouldn't be less than 70tr sef .. the money small sef ... Lagos is not generating enough to me sef ... Una no Sabi Wetin them dey call mega city .. all those saner climes una dey always clamour you know how much drives their cities ... Una go call small money for a whole state occupying over 20m people ...

really? 70trillion? Some of you dont know the impact of government spending . every sensible person would always yearn for surplus budget or at worst balanced budget.

They are already more than that

They are already more than that in debt

And yet we no dey get light,use am do light for us nah.

Any leader at whatever level who borrows money in this richly endowed nation is a failure and mentally lazy.

Epstein:

https://nairametrics.com/2024/02/22/lagos-state-has-capacity-for-n20-trillion-debt-sanwo-olu/

See the terrible mindset the leaders you elect has

Telltruth123:
Lagos State is a rich state, revenue enter it's account every second. Lagos State does not need to borrow money, the revenue is enough to cover all it's expenses both capital and current expenditure, unless if there is misappropriation of public fund.

I really missed Ambode, he did not give room for misappropriation of Lagos State revenue.
Ambode made life easy for Lagosians.

Exactly. All the others added debt, from jagaban to the current one except Ambode. Yet we saw his impact in all sectors. Ambode is a seasoned administrator and financial expert compared to the others. Eg, I had a fellow that joined the service under the guy before amobide. This fellow was in a lot of cash, he dropped cash for a whole house to be built and delivered turnkey. Back them the guy will meet chicks and introduce himself with 200k. Immediately amobide came in, levels changed. Omo, cash reduced. Ambode blocked all the loopholes they used to enrich themselves.
As I always say, you give 2 people 1m, one will manage that 1m, turn it around, and with time that money will grow. When you see his achievements , you will be shocked. Meanwhile the other fellow would have blown his, be broke and in debt within the same period.
We have always had the second person described above as our politicians.

Epstein:

https://nairametrics.com/2024/02/22/lagos-state-has-capacity-for-n20-trillion-debt-sanwo-olu/

Obviously borrowing for future regimes to struggle with paying back. Lagosians should be ready to use the train enough to pay the debts

Chummynoni:
really? 70trillion? Some of you dont know the impact of government spending . every sensible person would always yearn for surplus budget or at worst balanced budget.

What is government spending

Telltruth123:

What is this one saying, you sound like a tout.

Dr how far

Hndrrxxx:
Dumb






I can’t believe this is coming from a whole state Governor I mean why do you have to borrow like we are in some money borrowing competition now 😭

He is not dump but dull and dumpppy 😭
A whole governor

How many foreign states or countries in Africa borrowed from Lagos State?
Must you borrow on behalf of Lagos State to keep unborn generations of Lagos State in debt?

smokinloud:
N20 trillion doesn't have value again. Santiago Bernabeu was renovated with N2 trillion naira equivalent

In what part of our country is Santiago Bernabeu please

onuman:
How many foreign states or countries in Africa borrowed from Lagos State?
Must you borrow on behalf of Lagos State to keep unborn generations of Lagos State in debt?

Borrow trillions and the city state that Tinubu alone built remains a glorified ghetto without ordinary water supply in every building.
Are we all supposed to be clowns

Lagos, the commercial hub of Nigeria, has been ranking as one of the worst places to live in the world for the nine straight years, a BusinessDay analysis shows.

Data from the 2019 Global Liveability Index published by the Economist Intelligence Unit (EIU), the world’s leader in global business intelligence, shows the city has been within the range of 137th-139th position out of a total of 140 cities in the world from year 2011-2019.
>
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The EIU examines the quality of health care, education, infrastructure, stability, and culture when assessing living conditions of each city. More than 30 factors are taken into account when calculating each rank, which are then complied into a weighted score between one and 100.

https://businessday.ng/uncategorized/article/lagos-ranks-amongst-worst-cities-to-live-in-for-nine-straight-years/

Epstein:

https://nairametrics.com/2024/02/22/lagos-state-has-capacity-for-n20-trillion-debt-sanwo-olu/

Yeah, money for primos in Grenada jamboree

After you come back and distribute N1,000 to your my-lagos-is-not-your-lagos thugs (fools) so that Mama put can serve them ewa-agoyin with bread

Army-robber oshi

Emyogalanya:
Just when i thought they have finished building lagos and are now focused on nigeria

They have made loot a synonym for build.

G

S

Sanwo-Olu, Tinubu's boy.