₦airaland Forum

dennisworld1:
who among them is ambode

Jaideyone:
ok end of argument. seriously? a country of 170m people can't even boast of 500k policemen and you think the police is not understaffed? how will he even pay the fine if there's no police to arrest him? there's no point arguing with you

chinchum:

“It took us four and half years to get approval for the project. It took us another four years to get them to discuss the technicality of the project with us.

then look at this This is terribly bad !, shame on FG playing childish politics on such a worthwhile development

Agbo ejo enikan da, agab osika ni - an elder who judges only from one side's story is a wicked elder

vtechpower:
this man must be a lucky man, for coming across the governor of lagos state today wey bi first day of the week. Happy stay in KIRI KIRI.

armadeo:
Guy Don turn traffic warden.

Jaideyone:
bros with the police and other law enforcement agencies being understaffed is it wrong for the governor to call him to order before he kills someone? think and give a proper answer this time around

Jaideyone:
ok so it's bad for the governor to caution the reckless driver? warped logic

Jaideyone:
so it's bad for him to confront the reckless driver since he was around at that time? I'm sure you hailed fayose when he did the same and still condemned Fashola when he did years ago. confused fellow

pazienza:
Ok, never knew GEJ led FG later guaranteed the loan for LASG, but I knew that the Nairaland APC Yoruba crew raised a big dust then, when GEJ refused to initially approve the loan.

Either way, it goes to show how dependent Lagos is on Nigeria as an entity.

pazienza:
I don't think so, I believe the FG is likely serving as a facilitator to guarantee LASG foreign loans for the project.

I remember the FG under GEJ refusing to help LASG to get secure a loan, citing the fact that LASG was already deep in debt and should be thinking of how to pay off her already mounting debt instead of seeking for another debt.

Firefire:
Fellow Nairalanders, in response to Fashola comments below on not receiving enough support from the federal government to complete the Lagos light rail project.

[size=15pt]
"Fashola said all over the world, when cities and states build municipal rails like what Lagos is doing, their central governments support them morally and financially"[/size]

https://www.nairaland.com/2120455/cant-complete-lagos-light-rail

Few months ago same Fashola said this:


[size=15pt]Lagos: How We Spent N160bn World Bank Loan on Light Rail Project[/size]

The Lagos State Government yesterday justified the N160 billion it borrowed from the World Bank, noting that the fund was channelled to finance its light rail (blue line) project.

However, the state government expressed disappointment at the progress of the project, which it said, was not executed as smoothly as possible, but was optimistic of its completion.

The state Governor, Mr. Babatunde Fashola, said this shortly after inspecting the light rail terminus at the Orile-Iganmu part of the state alongside some members of the state executive council.

Speaking with journalists, Fashola said the project would have been completed in another 12 months despite that the project execution was not as smooth and speedy as he wanted it.

The governor raised questions on the intention of the federal government for publishing the state debt profile in the recent time, wondering what could have informed the decision to make it public.

He said: “I think it was the Debt Management Office of the federal government that published the report that we have a debt of about N160billion. I do not know the intent of the publication.

“But if it was to inform the public, I think we have always kept the public informed anytime we borrow money. If there are other intentions behind that, only those who make the publication would know what the intentions are.

“But you see, when people talk about debt of a state like Lagos, they forget that after Nigeria, South Africa, Egypt and one other country, we have the fifth largest economy in Africa.

“When you are talking of about a billion naira debt to a population of over 21 million people; because if you are measuring the debt, you also have to measure the responsibility. Those are the things people keep in isolation.”

He, therefore, explained that the state government already “has in place, strategies to repay the loan. The federal government was in the know of the state’s decision to take the bond and it approved it.”

He added that the truth “is that what they do not also say is that no state in Nigeria can borrow money outside, from any multilateral agencies [size=15pt]without the approval of the federal government.[/size]

“What they did not say is that they approved it. No state can raise money by bond the way we have done without the federal government’s approval. [size=18pt]Both SEC and NSE are all federal regulatory agencies through which we must pass. If they said okay, it means there must be something good about the debt.
[/size]

“Our rating as a state is the same as that of the Federal Republic of Nigeria, BB minus-stable with a positive outlook. We are the only state in Nigeria that has that rating. The first bond that was taken during my first tenure has been paid; the first tranche has been paid.

“I think the second tranche will be settled around 2016 or 2017. We are already making provisions. The provisions that will be there will be in excess of what is needed,” the governor said

Fashola expressed satisfaction on the progress of the light rail project, though decried the petty delay that was encountered as a result funding, saying the project would have should have been completed in another 12 months.

http://www.thisdaylive.com/articles/lagos-how-we-spent-n160bn-world-bank-loan-on-light-rail-project/188736/

Jaideyone:
dunce if this kind of money was available under GEJ we wouldn't borrow to pay salary

FG, States, LGs Share N568.4 Billion for Oct



[img]http://cdn1.vanguardngr.com/wp-content/uploads/2015/09/412x247xOkonjo-Iweala-e1442838220305.jpg.pagespeed.ic.nz-K0adxSv.webp[/img]



Also, $1billion was proposed for distribution to complement shortfall in expected revenue." The $1billion is a compromise by the FG over its words in September not to augment shortfalls anymore.

Responding to the presentation, the chairman of the States Commissioners of Finance and Ebonyi State Commissioner of Finance, Mr Timothy Odaah, lamented that the statutory allocation was getting smaller and smaller. "It appears this is the worst in terms of returns. This is the least in allocations as far as this year is concerned. We are mourning the dearth of funds and this is a wakeup call for states and local governments to buoy up their internally generated revenue."

While appreciating the "magnanimity" of President Goodluck Jonathan to approve the $1billion from the excess crude account and to be shared among the federal, state and local governments, Odaah expressed disappointment with the returns made by the NNPC.

He said that [size=14pt]the states had requested for $2bn[/size] to complement for the shortfall in revenue but got only $1billion. In September, Odaah and fellow commissioners had walked out of the Accountant General of the Federation (AGF) when the federal government said that the framework of the 2013 budget was no longer realistic and it won't augment shortfall in revenue. Odaah raised issues with the statutory allocations of previous months.

More from: http://allafrica.com/stories/201311150323.html

efilefun:
Finally!!!! The Project fashola started was disturbed by GEJ's administration so APC wont use that to campaign against PDP

joeanointing:
The price is outrageous.

sayit247:
By Nsikkan Nkordeh

N29B Suspension bridge!!!

This is just ridiculous..all these ACN Governor are reaping off the people with hyper-inflation of contracts

I read that Governor Fashola of Lagos built the Suspension bridge connecting Lekki and Ikoyi, less than 2km, with a whooping N29B!

This is just crazy, a professionally way of stealing

How much does it cost to build a bridge across low-tide waters?

Really a shame that the same offence ACN accuses PDP is what they indulge in

Fashola has shown himself to be a man that defrauds Lagosians under the cloak of ‘development’

A less than 2km Suspension bridge for N29B is mad and wicked…

How much would he then build the 4th Mainland bridge that would span about 15km?..he would need a year’s budget to do that

Nigeria is plagued with mad men as leaders…looting through projects is a crime against humanity.

Op-ed pieces and contributions are the opinions of the writers only and do not represent the opinions of Sayit247

Follow Us On Twitter @sayit247 source http://www.sayit247.com/2013/05/n29b-lagos-suspension-bridge-is-a-huge-fraud/

babkunlex:
What happened to the light rail project embarked upon by BRF administration in Lagos state?

eaglechild:
We can't complete Lagos light rail project

We obviously can't complete Lekki international phantom airport.

And you will be the biggest fool to think that we can complete Eko Atlantic.

Use your head people where do you think we are getting all the money we are using to sponsor Buhari


www.nairaland.com/attachments/2079192_fasholaa_jpegfc425dbc9482db4d2098e4dd5e8bee75

chinchum:
Benefits of Lagos state aligning party wise with the centre.

tobtap:
PDP GOVT tried to kill d project b4....SAI APC

docadams:
When Baba is in charge things go well. Bureaucracy has been revamped for effective delivery of services. We can now live and hope and not live and despair.

AUGUST 10, 2011

The Lagos deal would be the first of its kind for the TTC. Decommissioned cars are usually sold for scrap metal and can fetch up to $1,500 dollar each. While Ross declined to discuss specific figures, he says the sticker price for Lagos is "significantly more" than scrap prices, putting the potential profits to the TTC in the millions of dollars.

It is not unusual for technology from western nations to end up in poorer countries. Marketplaces in Africa and Asia are flooded with North American clothes, computers, and even cars, but the purchase of larger technology like trains is rarer.

The cars will have to be significantly refurbished to fit existing infrastructure in Lagos, and some Nigerian media reports have lamented that the government appears to have settled on "tokundo," or used, trains instead of brand new vehicles.

Although half the cars are more than 30 years old, Ross is adamant they are perfectly safe and are only being decommissioned for capacity reasons. But he also admitted the TTC is not required to make sure the cars meet any safety standards before selling them.

"Once sold, it's up to the new operator to ensure they are in good working order," he said. "They do need to be maintained much more frequently than the new trains, simply because of their age. At some point they will run out their useful life."

Murtaza Haider, director of the Institute of Housing and Mobility at Ryerson University, said the age of the cars is definitely a cause for concern.

"We should be ensuring that there is some service life left in these vehicles and we're not going to be playing havoc with the lives of those who would ride these vehicles," Haider said. "There's metal fatigue, and that metal fatigue could result in dangerous conditions. I would be paying a close watch on this for the next ten years to see how many accidents do happen in Lagos."

More from: https://nowtoronto.com/news/next-stop-nigeria/

Lagos light rail’ll be ready in June – Fashola
JANUARY 9, 2013

The Lagos State Governor Babatunde Fashola on Tuesday said the first phase of the state Blue Light Rail project would be completed by June this year(2013).

He expressed confidence that Lagosians would start enjoying the services of the lrail project immediately.

The first phase would run from Marina and terminated at Okokomaiko area in Ojo Local Government.

Fashola spoke during an inspection of ongoing projects in the state which took him and his cabinet members to Orile-Iganmu, Alimosho and Ejigbo areas among others to assess the level of works being done by contractors.

The governor, who inaugurated the trackwork of the blue light rail at Alaba Suru, Coker-Agunda Local Council Development Area, said the level of work on the road and those of the National Theatre and Alaba-Mile 2 rail stations, would ensure early completion

He said, “In order to finish the project, the contractor did not go on vacation during the festive period. This will ensure that the project is delivered on time for the use of Lagosians.

More from: http://www.punchng.com/news/lagos-light-railll-be-ready-in-june-fashola/

How We Spent N160bn World Bank Loan on Light Rail Project
11 Sep 2014
.
.
.
.
He, therefore, explained that the state government already “has in place, strategies to repay the loan. The federal government was in the know of the state’s decision to take the bond and it approved it.”

He added that the truth “is that what they do not also say is that no state in Nigeria can borrow money outside, from any multilateral agencies without the approval of the federal government.

“What they did not say is that they approved it. No state can raise money by bond the way we have done without the federal government’s approval. Both SEC and NSE are all federal regulatory agencies through which we must pass. If they said okay, it means there must be something good about the debt.

More from: http://www.thisdaylive.com/articles/lagos-how-we-spent-n160bn-world-bank-loan-on-light-rail-project/188736/

Why I reached out to Igbo voters –Ambode, Lagos APC governorship candidate
APRIL 4, 2015
.
.
.
.
When is the light rail going to be delivered, the project seems to be going on for years?

I just said it, it’s being funded by Lagos State and the Federal Government support is not there. But I believe strongly that we will create a financial restructuring that will allow us to deliver that light rail within the next 18 months.

More from: http://www.punchng.com/feature/hotseat/why-i-reached-out-to-igbo-voters-ambode-lagos-apc-governorship-candidate/

timicutiee:
The individuals you singled out, do they make up the whole of nigeria. Can a governor alone govern a state. The strength of ants are in their numbers not in one's. Weather one person is ex PDP or ex APC... always remember nigeria will always stand.
It's a matter of put your country first, before the so called party. Why don't you just give a helping hand to who is in charge at the moment.

Bambless1:
Standing Ovation For A Corrupt Leader. Person Wey Dem Suppose Stone To Death. #Shaking My Head & Legs# For This Kountry.

saintmark88:
Let it be, let us b misinformed or what ever name u wanna call us, see those pple on that list are the wise ones in ur bleeping PDP party they knew that the party PDP is a failure.......Tht name PDP no matter who they present is synonymous with thuggery, kwaraption, looting, share d moni ideology. So don't blame Nigerians when we don't want to hear PDP.

scribble:
https://www.karensperspective.com/wp-content/uploads/2010/03/dollar_rain.jpg




Dollarization Of The APC Primaries: How Amaehi Vanquished Atiku #saibuhari

The blogosphere was inundated with reports of the excessive sharing of dollars at the All Progressives Congress which took place during the latter part of last week.

One APC supporter and Special Adviser to Osun Governor on Environment, BolaIlori had blown the scandal open after he saw the beginning stages of the dollarization in action.

He took to his Facebook page and scribbled, “Crazy things are happening here!!! Some of these cannot represent the change Nigeria is yearning for. Excessive dollarization by one of the aspirants to is to say the least obscene. I have been involved in political process for decades now, I have never witnessed this volume of raw dollarization of party primaries. I only read about this kind of things in PDP primaries. A question been asked by conscientious delegates is that whoever can be giving out between $2000 to $5000 to…delegates certainly does not represent the kind of change Nigerians want…those who contributed to the pauperization of Nigeria now revel in dollarization… majority of Ondo delegates are still standing with Buhari but have been reduced from 85% to 70% within 24 hours…the remaining has gone with dollars ooo.!!!!!”

One has to wonder how Buhari was able to win the primaries in this era of stomach infrastructure where dollars are like the Biblical manna that God sent down from heaven to nourish the Israelites as they made their way to the promised land.

Sources close to the APC with knowledge of the way the Primaries unfolded have revealed that it was Rivers State Governor, Amaechi who flew back to Rivers State and returned to Lagos on Thursday morning with enough dollars to make Benjamin Franklin blush.

It has been revealed that Atiku offered the delegates $5000 each, but Amaechi doubled it to $10000 a pop. Thus turning the tables in favour of General Buhari.

Since his adventure into the APC, Amaechi has gone out of his way to prove himself a party loyalist, always the first to shoki or azonto at the many events the APC holds, which he himself is usually the chief sponsor.

According to party insiders, Amaechi has overtaken Tinubu as the major financier of the party. One does not need to wonder why he is always at President Jonathan’s throat over misappropriated oil wells or other such business. Anything that diminishes from the State’s coffers will have a ripple effect on his funding budget for the APC.



Joe Francis wrote in from Port Harcourt.


http://www.theheraldng.com/dollarization-apc-primaries-amaehi-vanquished-atiku-saibuhari/

martineverest:
Y didnt dey protest during igbinedion's admin.

dhardline:
Hmmm...if care is not taken Nigeria is gradually becoming a failed state.

Pidggin:
Good, APC Scamming will be over soon

tuniski:
u no lie. That is what u get with emotional choices of buhari and his apc gang. The streets ain't smiling at all. The entire apc is a scam. Give one take 5.

timicutiee:
Rome wasn't built in a day. The decay of years to years can't be fixed in a year.

Guyman02:
Credit: Olofin O Emmanuel:

Can a Leopard change it spots? CHANGE 2015, CHANGE, CHANGE?

APC Lists of Gubernatorial Candidates for the 2015 Elections:

1] KWARA: AbdulFatah Hamed (former PDP)
2] KEBBI: Abubakar Atiku Bagudu (former PDP)
3] KATSINA: Aminu Bello Masari (former PDP)
4] KANO: Umar Abdullahi Ganduje (former PDP)
5] KADUNA: Malam Nasir El-rufa'i (former PDP)
6] JIGAWA: Alh. Abubakar Badaru (former PDP)
7] BAUCHI: Barr. Muhammad Abubakar (former PDP)
8] GOMBE: Alh. Inuwa Yahya (former PDP)
9] NIGER: Abubakar Bello Sani (former PDP)
10] ADAMAWA: Umar Jibrilla Bindow (former PDP)
11] PLATEAU: Mr Simon Lalong (former PDP)
12] BENUE: Dr Samuel Ortom (former PDP)
13] TARABA: Aisha Jummai Alhassan (former PDP)
14] RIVERS: Dakuku Peterside (former PDP)
15] IMO: Rochas Okorocha (former PDP)
16] ENUGU: Okey Ezea (former PDP)
17] ABIA: Dr Nyerere Anyim (former PDP)
18] EBONYI: Dr Steve Egbo (former PDP).
19) Sokoto: Aminu Tambuwal. (Former PDP)

Who is now talking about CHANGE? Who is Changing who?
Is it these PDP rejected,Black sheep and Bad eggs that are calling for CHANGE?

NIGERIANS MUST SHINE THEIR EYES AND NOT BE DECEIVED BY CHANGE CROONERS.

timicutiee:
A lot was said but in all actual fact.. until you sit behind the wheel, you'll understand how strong or stiff the car is..