₦airaland Forum

ReubenE:
You write very well but sound very dull.
Is it not possible for you to make sense without making reference to the previous government?

pedel:
fake

The letter goes on to read : “Consequent upon the above, this office would implement the monthly remittance of the gross sum of Seven Hundred and Thirteen Million, Seven Hundred Thousand Naira Only (NGN713,700,000) as a first line charge from the revenue account of Lagos State Government which is to commence in June 2017 and terminate in June 2027.”

The consequence of this is that in a 1 year period the state would spend N8.56 billion as guarantees for the bond and be on the hook for about N85 billion over the 10 year timeline on just this one transaction.

Take the five firms which brought the N27 billion Visionscape bond to market last year led by lead issuing house and arranger Eczellon Capital.
They earned N967 million in total from the deal or 3.85 percent of issue size, according to data from the information memorandum.

The big problem though for the State Government and its plan to reform the waste management process in the state is that the coming on board of Visionscape has coincided with a return of trash heaps and dirt across most roads and streets in Lagos.

“They have bitten off more than they can chew. This was supposed to be a wholesale change but it has now unravelled,” said Feyi Fawehinmi, accountant and writer based in the U.K.

“The other big challenge now is that the Public Utility Levy (PUL) which was supposed to fund this has not been rolled out and will be a lot more difficult to do given the current tax climate.

In the meantime the state Govt is paying Visionscape N1.5bn per month. So we need a lot more transparency around this deal and for the state to treat it as a crisis and find a way to walk some of it back.

“Lagos has gotten progressively less transparent today, they don’t even bother,” said Tunde Leye, Consulting Partner at SBM Intelligence.

“Under the previous Governor Fashola for example, even though the budget was not detailed, you could find procurement information on the LASG website (that’s how we knew how much he spent on the website or boreholes for example).

We know exactly the cost of building the Lekki Ikoyi Bridge. Compare to Ambode where we do not know how much he spent to build the Ajah flyover or anything else. Civil society has tried to invoke the freedom of information (FOI) act repeatedly but they have either been ignored or blown off. Lagos is very opaque.”

loganx:
where are those ninety something married women gloworld sacked recently?
come together, file a class suit.

agabusta:
Nigerians are not even given Globacom employment letters. So it becomes so hard to file lawsuits against the entity Globacom.

Globacom cunningly employs all its Nigerian staff through different phony companies. They all have employment letters with different company names, not Globacom.

Only foreigners are employed and issued with Globacom employment letters.

Funny enough as I heard from friends in the system, all the employment stages are carried out by Globacom at their offices. But at the point of being issued with letters, successful candidates are left dumbfounded after being issued with employment letters bearing a different company name.

kenostika:
Shithole globacom with fraudulent Adenuga. So painful that most Nigerians are always cheated. Do not try rubbish with fellow africans cos they know their right. Thnks to the industrial court for their action.Only in Nigeria u will hear of companies including MultiNational operating fraudulently,bypassing laid down rules and regulation because they believe that government officals and Lawyers will compromise.

xcolanto:
APC and the buhari lead administration has turn the judiciary to a joke. How can a court stop the national assembly from carrying out it's constitutional mandate given to it by the people?

The court should have used its judges to affirm the appointments of those the Senate refuses to confirm as well if they think they have more powers than the legislative arm of government.

If I were the senate I'll outrightly discard this junk injunction and go ahead with the peoples mandate. After all the buhari lead administration is known for boldly disregarding court orders as seen in the cases of dasuki, KANU, el zakky and other citizens who's rights buhari has trampled upon.

Buhari chooses what court order to obey and disregards the one that doesn't favour him. This same man has the mind to run to the courts he has so far disregarded. Buhari is a joker! The senate must go on.

sarrki:
Ngige 2023

abes:
Call the Russians, don't be afraid of western sanctions, the Russians built the mill to 98% before they left in 1994 because the Nigerian government could not fulfil their own part if the deal.

Watch this to get an idea of what is wrong with this country


https://www.youtube.com/watch?v=m1QTfGYj_0g

asobo:
APC stalwart always running to the media claiming the are saints. Oga fayemi go and appear before the house commitee and stop crying foul. NIGERIANS GO GET YOUR VOTER'S CARD LET'S KICK APC OUT COME 2019

Esseite:
How have we benefitted from the or to believe the "alledged" $20 production cost ? When we have a subsidy of N743m/day?

"Alledged" because I don't believe anything this govt says

Esseite:
How have we benefitted from the or to believe the "alledged" $20 production cost ? When we have a subsidy of N743m/day?

"Alledged" because I don't believe anything this govt says

ujoinme:
It will be budgeted for in the last two budgets of akpabio's administration ie 2014 and 2015 budgets, so keep an eye for next year's budget . groundbreaking will begin next year as soon as funding is made available.

A lot has already been done, the necessary approvals from the federal govt + NPA has been secured. FG has approved a free trade license status for the 16,000Ha ibaka industrial city.

Land procurement for the seaport project has been completed and certificate of occupancy handed over to NPA http://www.nigerianports.org/news.aspx?id=251

Massive survey both on land and water by the technical partners and Architectural design of the project has been completed by Worley Parsons and CCECC respectively http://www.newsexpressngr.com/news/detail.php?news=2414&title=Ibaka-Seaport-architectural-design-ready-. This is a major construction work it involves a lot, so be patient.

Etebi- Ewang road with the longest bridge in the state is presently under construction in the state, this will be the major access road to the seaport, it will link the seaport to the east west road and construction of this road has reached advanced stage.

Trust Akpabio he is a promise keeper he has proven this time and time again remember what was said about the airport, stadium and many other projects in the states? today the narrative has changed.

Akpabio does not embark on projects haphazardly he takes his time and goes for the best, thats why he is delivering world class infrastructures.

ujoinme:
the ibaka seaport project will be carried out in phases like the airport project. the first phase will be the seaport component and the second phase will involve the Ibaka industrial city and free trade zone development. in all the project has a 25 yrs development cycle.

This administration is determined to make significant inroad in the deep seaport developmental phase. and akpabio is working on that.
So for the past six years, the preliminary things as stated above has been ongoing and dont forget the numerous road shows that the project has taken overseas and nationally to create investors awareness which has yielded much results eg we are talking about it on this thread,but as Nigerians we want the tangible ie beginning of construction.

construction/ groundbreaking will begin next year so be patient,The architectural plans/ designs is already in, and CCECC has stated their readiness to mobilize to site as soon as the green light is given. Also bear in mind that a big project of this scope which involves FG (with all its relevant bureaucratic agencies) + State govt. + private investors is not a childs play.

0monnak0da:
How market 2018?

0monnak0da:
How market 2018?

Praktikals:
Baba is not Jona dunce that can be pushed around ; or who appends his signature without reading a document's content.

Cooly100:
The country is under strange spiritual spell.

Can you image the FG spending N2.5 billion on FCT road...but can't fix this Tin Can Wharf road?

The revenue from NPA is more than N5 billion daily...and yet the roads are not repaired for decades...

HisSexcellency:
The irony of this case is that the giver of the money (dasuki) has his case resting in the coolers, while the receiver of the money is been dragged to court while still in the hospital bed

Sirjamo:
Oga, I for no answer you o, but dat Biafra wey you call me na him pain me for body because I be original oodua tokantokan. Back to the topic, take a trip to Kano (if you can) and see the massive infrastructure that Rabiu Musa Kwankwaso left for the people, what about human capital development: During his administration, an indigene just need to graduate with 2:1 and off he goes abroad for masters. The moment *mai barchi" (the sleepy one) got there, he stopped everything claiming no money while everyone know that Kano is only behind Lagos, Ogun and Rivers in terms of IGR. Mark my word, Ganduje can only retain his seat due to Buhari factor, otherwise, he's a goner

debosalau:
Ganduje's case will might turn out to be like the case of the immediate past governor of Zamfara State who kicked at Yerima after he became governor having been Yerima's deputy for 8years and the only deputy who later got to be a governor in 2007. He was replaced by the current governor, Abdul Aziz Yari, and had since then gone into oblivion. I can't even recall his name.

Never bite the hand that once fed you.

2019 election is almost here, we will see how it goes.

Aburumah75:
It never cease to amaze that you people, despite claims to superior education and enlightenment, are still stark illiterates when it comes to knowing the composition of northern Nigeria. Many things you are posting here just make us laugh.
Kwankwaso and Ganduje are not Fulani. And most certainly, not herdsmen. Fulani and hausa are two totally different ethnic groups with totally different culture and orientation.
Despite this, we appreciate the sarcasm as always.

sapientia:
Na wa oooo

See what a SAN is saying.. cant say am not disappointed.

NASS represents the people and take decicions on behalf of the people including making laws.

When they make anti-people Laws, you guys dont talk but have found your voice cos it threatens the continued stay of una role model failure.

Good thing about democracy is that in the end, the wish of the people portrayed by the NASS will be upheld by the court.

All legal loop holes have been covered. Falana is simply crying wolf.

Xisnin:
You are wrong Falana, our senators can change any law.

Tonason:
This man is confused fellow, he is myopic lawyer.

nonut:
I thought NASS makes laws? Am I missing something?

Sunnyja:
All these charge and bail lawyers sef.