₦airaland Forum

tomdon:
Go ahead
Fukk are

Bro. This post was 7 years ago

tollyboy5:
Later buhari would say his administration created 900 000 jobs for youth

Lol. You've got a beef with Pa Buhari?

What a very crappy award.

A website that is not even responsive.

The Lagos State Government through the Lagos State Employment Trust Fund (LSETF) on Friday distributed offer letters to some of the beneficiaries of the pilot scheme of the N25 billion Employment Trust Fund (ETF), with a pledge to create at least 300, 000 direct and 600, 000 indirect jobs by 2019 through the initiative.

Speaking at the distribution ceremony, Executive Secretary of LSETF, Mr. Akin Oyebode said the award of the offer letters was in fulfillment of one of the cardinal promises of the Governor Akinwunmi Ambode-led administration to set up a fund to drive the growth of the Micro, Small and Medium Enterprises (MSMEs) in recognition of their critical role as the engine of growth and leading creator of jobs in any economy.

Oyebode, who said the award of the offer letters was also an eloquent testimony of the readiness of the State Government to support the thriving youths and residents of the State, said a total of 1,000 MSMEs have been earmarked to benefit from the pilot scheme, out of which 281 micro enterprises have so far been approved.

He said out of those approved, 150 beneficiaries have collected their offer letters, while the process for approval for others in the pilot scheme is ongoing.

To ensure transparency and unbiased process, Oyebode said the LSETF engaged partners to help with the selection, verification and disbursement of the loans to beneficiaries.

“These partners include Price Waterhouse Coopers (PWC) who verified all the applications and audit the processes. Others include organizations such as the Fate Foundation, LEAP Africa, Nigerian Association of Small Scale Industrialists (NASSI), Women in Management, Business and Public Service (WIMBIZ), National Automobile Technicians Association (NATA) and Cooperative Societies, who provided applicants for the pilot scheme through their membership,” Oyebode said.

He added that application process is still ongoing and that once completed, a full list of beneficiaries would be made available to the public.

While disclosing details of the loan, Oyebode said the beneficiaries of the micro enterprise pilot scheme were given loan approval ranging from N300, 000 to N500, 000, with an annual five percent interest rate, which is the lowest anywhere in the country.

He said the LSETF was in the process of rolling out the N5million SME loan programme which will provide fund for the sector for up to two years, adding that the N6.25billion to be disbursed annually through the ETF has already been approved.

Besides, Oyebode expressed gratitude to all stakeholders for their support so far, and expressed readiness for greater cooperation in the coming months and years.

Responding, one of the beneficiaries, Mr. Chike Charles Obi expressed appreciation to the State Government, especially Governor Ambode for fulfilling his promise, saying that most of them did not initially believe that the offer was real, but just applied.

He said the development was a confirmation that Governor Ambode has brought real change to governance, and thanked the LSETF for being transparent and unbiased especially in choosing the beneficiaries.

Another beneficiary, Mrs. Modupe Shukurat Alausa urged her co-beneficiaries to encourage government by using the fund for the purpose meant. She also thanked Governor Ambode for running an all inclusive government.

http://akinwunmiambode.com/n25bn-etf-lagos-state-government-distributes-offer-letters-to-150-beneficiaries/

The Lagos State Government on Friday announced the closing of its N47billion 16.5 per cent 2023 Series 1 Bond Issuance under the N500billion Third Debt Issuance Programme targeted at improving the physical and social infrastructure base of the State.

At the signing ceremony held at the Lagos House, Ikeja, the State Government issued N47billion Series 1 Bond maturing in December 2023, under its N500billion Third Debt Issuance Programme.

The Book Keeping was concluded on Friday, December 23, 2016 with the first issuance priced at 16.5 per cent.

State Governor, Mr. Akinwunmi Ambode in his remarks at the signing ceremony, said that despite the continued challenges in the economy and difficult market conditions which have seen the last three Federal Government Bond auctions undersubscribed by an average 32 per cent, Lagos State sold some 80 percent of the bonds it offered at a 57bps spread to the sovereign.

He expressed appreciation for the confidence investors have reposed in the State Government, saying that it was an eloquent testimony of the government’s credit worthiness.

He said, “We are truly humbled by the confidence investors have once again demonstrated in the Lagos State credit story. The Lagos State Government remains committed to improving the physical and social infrastructure base of the State and is proud of its reputation as a most responsible issuer in the Nigerian capital markets”.

The Governor also acknowledged the support received in the issuance process from the Minister of Finance, Mrs. Kemi Adeosun, as well as the Attorney General of the Federation and Minister for Justice, Mr. Abubakar Mallami and their teams, the Security and Exchange Commission, the Federal Debt Management Office and the State’s advisers.

On his part, Chief Executive Officer, Chapel Hill Denham, Financial Advisers and Lead Book Runners, Mr. Bolaji Balogun said Lagos State was leading from the front in the issuance of Bond despite the prevailing market dynamics.

“We are deeply honoured to work with the Lagos State Government, which has again affirmed its peerless credit reputation in tricky market conditions right at the end of the year to issue the only bond by a State in Nigeria, in 2016 and I thank all of our colleagues in the issuing party for working with us to deliver a successful outcome,” Balogun said.

t would be recalled that the Lagos State Government had registered a N500billion Third Debt Issuance Programme and has a credit rating of A+ by Global Credit Ratings Co. and Agusto & Co



http://akinwunmiambode.com/lagos-issuing-houses-seal-deal-on-n47bn-bond/

mccoy47:
Abeg how much was Lagos budget?

800 billion plus

http://m.guardian.ng/news/lagos-budgets-n813-billion-for-2017/

Just imagine such wickedness. Kill people to draw the attention of the government. Smh

Where is the ladder?

Bitterleafsoup:
Not recycling Fakeshola same projects ..

You've got a beef with BRF

Lol some people are asking why not first. Nigeria is the first in Africa. How can or do you expect a state that is in Nigeria to surpass Nigeria and become first?

Same morell that sang anti-social with olamide?

Lagos State Governor, Mr. Akinwunmi Ambode, on Saturday said that one of his administration’s objectives was to propel the State from being the fifth to the third largest economy in Africa.

He said to achieve this, the state government would focus more on Education (especially vocational training), scaling up of its health facilities, including renewal and building of world class infrastructure in the coming year.

Governor Ambode, who spoke at the Christmas Eve Dance organised by the Yoruba Tennis Club, Onikan, said he remains committed to making the State globally competitive, adding that by virtue of its indices, Lagos has become a major City-State in the world.

He said that Lagos is currently home to 65 percent of Nigeria’s businesses, with a presence of over 2,000 manufacturing companies, 200 financial institutions and the largest collection of small and medium enterprises in Africa.

The Governor added that with an estimated population of about 24 million people, over 15.2 million are within the ages of 15-64 years, which positions the State as having the largest share of working population in Sub-Saharan Africa.

“We are Africa’s fastest growing market and still the 5th largest economy in Africa with a GDP of $91billion. The drop in our GDP value from $131billion is as a result of the fluctuation in Foreign Exchange but our ultimate goal is to grow our GDP to move from 5th to 3rd largest in Africa,” Governor Ambode said.

The Governor also restated his commitment to deliver a Lagos that is safe, clean and prosperous as well as a city that works for all regardless of race, religion or gender.

Governor Ambode, while also congratulating the Club on its 90th Year Anniversary thanked them for the massive support given to his administration in the outgoing year.

Also speaking at the Christmas Eve Dance of the Island Club, Governor Ambode expressed optimism that with the Y2017 “Golden Jubilee” Budget currently undergoing consideration by the House of Assembly, the State was adequately positioned to record milestone developments in the coming year.

“Apart from the Golden Jubilee Anniversary celebration, 2017 will witness the commencement and completion of critical infrastructure that will create new economies in the State, facilitate growth and propel the State economy to enviable heights.

“To underscore the importance attached to these developmental projects, we improved on the Capital/Recurrent Expenditure Ratio in the 2017 budget with 63:37 compared to 58:42 in the 2016 budget.

“We are about to conclude our Bond Issuance and the proceeds from these will go to fund these projects and many others. In addition, we will enter into strategic Public Private Partnerships to execute some key projects in the State.

He said the Government has also identified tourism as a key component of its plan to diversify the State’s economy, saying that over N20billion was earmarked for tourism initiatives in the 2017 budget, just as he disclosed that Badagry, Lagos Island and Epe are tourism hubs that would be developed to make Lagos one of the foremost tourism destinations in Africa.

“In the short to medium term, our reform in the solid waste collection and disposal will help us achieve our vision of cleaner Lagos. As 25% of Lagos is covered by water, we shall leverage on water transportation, in combination with rail and road networks to provide Lagosians with integrated transportation system that will reduce travel time. We will continue to invest in security and power generation and distribution to achieve a 24 hour economy for Lagos.

“The whole idea behind this aggressive pursuit of dividends of democracy is to reflate the economy and ensure continuous provision of direct and indirect jobs at a critical time in our nation,” the Governor said.

https://dailytimes.ng/targets-make-lagos-third-largest-economy-africa-ambode/

1stCitizen:
My 11 year old son runs a similar thing and he has been doing it for a year now. I once heard him reply someone 6 months ago who asked if it's been very successful and I felt sorry for him when he said no.

God bless him. He still does what he does with dedication I have never seen. He loves it. I told him yesterday he will be great

Meanwhile somewhere in Nigeria a grown up is more interested in profits rather than passion. Speaks a lot about the differences between our Nigerian society and the western world.

What's the url of your son's own sir?

16 and bae was 12

We still together doe 5 years after

^^ I concur. The title of the thread is like a sneer or smack on Lagos face. The OP's intention is not pure but anyway it can be overlooked for the sake of putting the place in order because it is an eyesore.

I envy this guys now ooo.

And they have stolen some of my players (Enyimba fc) like Femi Thomas, Nzube Anaezemba, Idris Aloma, Chinonso Okonkwo and Markson Ojobo

Babachir Lawal has exhibited anti-Buhari tendencies.


Hahahahaha

The bike rider would have to bend the bike almost reaching the floor

How can one sin against the holy spirit?

Please I'll like to know.

Thanks.

herzern:
W have Church founders sir.



BTW.

Concerning The Post.
I'm not taken aback because he once stated it clear in once of his sonqs...can't remember the name.

Efejoku?

aresa:
What I posted has nothing to do with election or Fashola Vs Ambode, it was based on solid performance and what he really should be doing or have been doing instead of cosmetics here and there.

It's almost 2 years and we still don't have any serious or visionary work on his part, we are talking about a very rich state with the largest operating state budget in West Africa, even his 2017 budget is twice more than Fashola's largest budget.


Donating stuff and caring for the police command in Lagos state is of course a good thing, but we need strong direction and clear signals where and what his priorities are regarding the future of Lagos sate..


His predecessor at the same time was commissioning multiple projects from hospitals to water works, power plant, schools, roads, bridges and so on, but Ambode is yet to move beyond donating to police and bad and hurriedly done roads.

Well I am amazed if you say you haven't seen Ambode's direction and signals over a year now since he was sworn in.

1. He is now moving into the rural areas in a bid to open up the areas for commercial activities. What Ambode has done differently is to allow his commissioners to do the flag-off/ commissioning most of the time

2. Most of his own projects and ideas are actually capital intensive. Also,note that some of the projects are in a way something that has been thought of in the past but due to paucity of funds couldnt be started. Eg: 4th mainland bridge, metro rails. An increase in his budget compared to FASH era is so that these projects can kick-off.

3. You should agree with me now that LASG has moved beyond making a show when a new school or road has been completed.

You should give Ambode a chance and realize that everyone has his own brand of governance. I dont expect him to be like FASH. We can never have someone like FASH again in Lagos but so far so good, Ambode has done creditably well.

On to his flaws, I mentioned earlier that ambode leaves his commissioners to do the commissioning/ flag-off of new roads. This is one reason we see hurriedly done jobs. I have complained about this too because those given contracts to just want to impress him and it's quite difficult for him to tour through the state to see for himself every construction work ongoing.

For me, so far, the quality of some roads (especially the ones in the rural areas/ inner streets) done under Ambode hasnt been top-notch.

New fly-overs, expressways, Oshodi interchange, Lagos forensic building, world class hospital, smart city, 4th mainland bridge, street lighting these ones I can remember, are some of what you should be looking forward to soon

We all would be here when we start seeing mot of these ongoing projects completed. By then you yourself would be exhausted in creating threads of new completed projects done by this administration

Bagehot:
I know Lagos tried to do stuff like this under Fashola, but Jonathan blocked the move.

Yea, I heard the story too. A fund was released for the project too but it went south and the House then, subjected the issue to a probe.

http://www.vanguardngr.com/2015/10/bomb-blasts-reps-revisit-probe-on-n76bn-cctv-contract-for-abuja-lagos/

aresa:
Theres always going to be funds for police welfare and equipment via the Lagos state security trust fund and insurance scheme crated by Fashoda.

Ambode is still scratching the surface when in fact he should by now be digging and coming up with major, groundbreaking and visionary projects like this predecessors..

2 years later, we still don't have a single major Ambode visionary project or projects. He's very very behind when it comes to his predecessors especially considering the fact that ambode is working well over N200 billion more than Fashola's largest budget and N 400 billion more next year.

Lagos Metro should be prioritized and 4th mainland bridge should be off the ground by now..

C'mon Aresa stop it now

No need to compare both. It still hurts what Ambode did to Fash in the begining of his tenure but hey, both parties have moved on from it.

But there is just one more thing Ambode needs or should do.

Purchase and Install CCTV cameras. This can be done same way they are installing street lights.

I wonder why this idea seems to miss them (LASG). CCTV's would go a long way to solve so many issues.

Such a very commendable initiative coming on the backdrop of the award that the state and it's police command received in far away SA.

This is going to be a morale booster for out security officials.

An increase from 1-2million to 10million is just

You're such a disgrace to womanhood.

Insalting a woman who I believe is even old to be your mum or aunt just because you dont agree with her.

I wish the Mods can just delete this thread. Very disgusting!

iykedare:
Stfu

Never get involved in things beyond your mental capacity.Did he complain to you that he was never funded for his job? He simply isn't competent.

GTFO. You are the competent one, right?

You should learn to pick your fights on social media. Not everyone is dumb like you.

ophils1:
What is this one saying

What does this one know?

Here is the full link to his speech instead of reading from this bloggers with sensational headlines.

https://medium.com/@FMPWHng/freedom-from-fear-choices-before-the-new-generation-being-the-convocation-speeech-delivered-by-feedec480b1?source=twitterShare-e1fdc3d7d4a9-1480096726

mightyhazell:
so inspiration to you is telling young people to stop praying and worshipping their God!

Perhaps inspiration to u is castigating previous govt abt incompetence in the power sector. Calling all forms of names and ridicule only 2 be running from pillar to post since the responsibility of power got 2 him.

Can't fathom any other reason any reasonable (unreasonable?) Person will want to be asslicking som1 like fashola except ofcourse tribal induced sentiments

Oh, your first statement has just made me realise I am arguing with someone who hasn't read the whole speech.

Pls sir, do yourself a favour and read up on what Fashola said during his speech to the graduands.

Then you can make a better argument from an informed position. Sorry for wasting our time.

And again you have a deep seated hatred for Fashola else bringing up tribalism is just your own weak attempt at attacking the messenger.

My Ugom does that ooo.

Sometimes I am like Mum didnt born you with polio. Why forcing polio on your legs?

Or she poses for a photo looking at the floor and I would be wondering what she is looking for that got lost on the floor (maybe I can find it for her)

The day I almost cried was when she used a pic when she bent her back like say she get waist pain.

But ladies, why do you pose like that?

Fash should try and push for more fundings for his ministries in the next budget.

Lack of funds have hindered his ability to deliver so much in the ministries he superintends.