Image123: i actually meant to say that we can do better than what the current administration is doing. No need for insults.
Kindly point out where I insulted YOU in my post that you quoted.
Thanks.
Meanwhile your analogy only applies to a daddy who did NOT train his choldren well hence it is only when they see him that they behave doing eye service.
pendy79: You must be so daft to relate the auto bailout to these stupid donation to discos and gencos.
Did the US sell those assets at ridiculous prices to ford, gm motors and Chrysler in the first place? Where those companies State owned?
The bailout was to save jobs, save the stock market etc. This stabilisation fund is Paddy Paddy arrangee payback. The discos collects N750 monthly from consumers yet still need donation, the discos are privately owned and not public liability companies like the auto companies you foolishly brought into your analogy.
If you do not know what is being discussed you should learn to SHUT UP like your other internet warriors who are a bit smarter than you are, ok?
Kindly show us how/when an intervention fund with interest rate became "stupiid donation".
Instructively, the intervention fund is not free money. The facility is to be repaid over a period of ten years at 10 percent interest rate per annum. In addition, part of the fund will be used to settle the N36.9 billion debt reportedly owed gas suppliers by the defunct PHCN and to cover shortfalls in the Nigerian electricity market. These shortfalls were said to have been largely occasioned by technical losses recorded in the sector.
Otherwise na you sef be the baba of stupiid, shiiiiooooooooooorrrrrrrrrr!!!!!!!!!
I don't know how low and crazy you APCheat people will go with your blatant lies, distortions and half truths to FALSELY discredit the progressively performing Jonathan/Sambo federal administration
rethra: List the achievements of PDP for the past 15 years in power, infrastructure, health, education, employment, etc
Are you on the wrong thread or you lost partial function of your eyes?
Anyway when you finish reading the posts on all the pages on this thread you can do a counter thread of APCheat's achievements in Lagos state for 16 years beyond raising IGR over 34 times from N7.2 billion in 1999 to N246 billion in 2013.
Gbawe: Because they are all crooks. Looting Nigeria is the only thing all GEJ and his minions know how to do very well. There is no hope in hell that Nigeria's major woes can ever be resolved under this ultra-corrupt and highly unprincipled President. This is why Nigerians cannot wait for Febuhari 14 to take their nation back from the viciously corrupt gang GEJ is leading.
George W. Bush and Barack Hussein Obama must both be crooks and looting the US must be the only thing they know how to do very well, innit
U.S. Declares Bank and Auto Bailouts Over, and Profitable
Six years after President George W. Bush began the auto bailout, the Obama administration on Friday declared a profitable end to the sweeping federal interventions in Wall Street and Detroit, saying a final sale of stock from General Motors’ former finance arm had closed a turbulent chapter of the financial crisis.
The programs “that helped restart the flow of credit to meet the critical needs of small businesses and consumers are now closed,” declared Treasury Secretary Jacob J. Lew. “And while the goal was always to stabilize the economy, and not to make a profit, it is important to recognize the return we have earned for taxpayers.”
The government actions, initially seen as necessary in Washington and on Wall Street to prevent a collapse of the economy on the order of the Great Depression, agitated the political world, helping give rise to the Tea Party movement on the right and the Occupy Wall Street movement on the left. And even as the nation climbed out of recession and slowly recovered, many Americans were left with little trust in the nation’s government and financial institutions.
As always when there is need for concrete, long-term action for sustainable growth, development and recovery the naysayers and detractors will also make a lot of useless noise.
They would rather prefer the dash dash economic formula of their egg-headed professors advising the daft & dumb old pensioner to give N5,000 to 25 million unemployed people, which totals N1.5 trillion yearly i.e. 1/3rd of our 2014 budget.
Obviously no thought of focusing on provision of infrastructures, facilities, utilities and the accompanying economic policies to create an enabling environment and encourage private investors to set up farms & factories so our fellow citizens can be EMPLOYED and earn a decent salary so they can live in DIGNITY.
Only people with Cow Cloned Brain Syndrome, CCBS would support such a clueless old soldier with no notion of macroeconomics
egift: $49 billion, $20 billion, $10.8 billon (from NNPC), N1.7 trillion (Illegal Subsidy payments), N21 billion (illegal donation), N10 billion (Allison's illegal flights), $49 billion per yr (AU figure of Nigeria's loot under Jonathan), and many other figures are now trademarks of Jonathan looting spree.
None of the figures there are confirmed by those involved unlike our N160 billion loan that Fashola ADMITTED was for aloku scrap Toronto trains that we are yet to see four years after
Lagos: How We Spent N160bn World Bank Loan on Light Rail Project
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.
Since we are yet to see the trains, we can only fast and pray that the N160 billion will not end up as "bad business" like the N8 billion for the Sunborn floating hotel
online of course with multiple handles of their internet warriors on 24/7 duty whose tasks includes CLONING our voters' cards and fabricating Oluwole certificate for their old pensioner who ABANDONED secondary school in his rush to join the army.
Their hired oyinbo people simply earning their wage.
makazona: A United States-based political strategy firm, AKPD Message and Media, engaged by the opposition All Progressives Congress to improve its electoral fortunes is still active, SUNDAY PUNCH has learnt.
It was gathered in Abuja on Friday that the Chicago-based firm has been behind several of the party’s campaign messages and strategy.
The firm is best known for its leading role in President Barack Obama’s presidential campaigns in 2008 and 2012.
AKPD Message and Media is known to have worked with key Democratic Party candidates throughout the US.
It has also earned a reputation for supporting leading populist movements across the globe.
The APC had at the beginning of its contract, stated that, “we shall leverage on the firm’s skill, experience and expertise throughout the upcoming campaign cycle.’’
According to the party, the company’s track record could be seen in political climate similar to Nigeria’s, including Kenya, Tanzania and Ghana.
It said the partnership with the firm was an indication that the process of change in Nigeria had already begun and would not be stopped
A highly placed member of the APC, who pleaded anonymity because he was not authorised to speak to the media, explained that the firm is working behind the scene.
The source said, “They have been doing their work; they were involved in surveys and polls, looking at areas of our strengths and weaknesses, and advising on measures to be taken to consolidate on our gains.
“They are helping to guide our campaigns to address our needs and we are getting value for our investments.”
When contacted, the National Publicity Secretary of the APC, Lai Mohammed, told SUNDAY PUNCH that, “They (the firm) are political consultants; they are still with us.
“I believe they will remain with us till we win the elections. I don’t think the contract is out.”
Meanwhile, the US Government has said it is assisting the Federal Government and the Independent National Electoral Commission in providing adequate security for the February general elections.
The US stated that an American election security expert had visited Nigeria sometime in 2014.
Obiagelli: They say he is to rigid, does not smile.
And the white men from AKPD hired by Thief'nuibu cabal to package the "expired" leader and "perpetually unelectable" presidential candidate told him to loosen up by force or else....
Image123: Get real with what? Get real with the facts of the current administration's mediocrity and corruption. We can do better than the current pseudo transformation abeg.
Na true you talk, my bro.
We can do better for sure and the Jonathan/Sambo team is doing better progressively already.
What is sure & certain is that we CANNOT do better with the daft & dumb old pensioner who allowed weeds to overtake our railways.
We also cannot be better with the APCheat party, if their so called best governor is unable to deliver train services 19 months after he said they will commence, abi
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.
galadima77: Excellent...when u write well...u never can tell whose attention u might catch...kudos!!!
Should we not be asking if Alhaji LIE Muhammed has paid COPYRIGHT fees to the poster or is the APCheat also involved in PLAGIARISM in addition to their other crimes of lies, distortions, half-truths etc
munex007: Its like you doing a work worth Millions and you are being paid 10,000 and your happy..
A govt in 2014 provided same trains used by King Jaja of Okpobo 120yrs ago & ppl r screaming transformation?
Thankfully we are seeing the trains from Jonathan as they get even BETTER and newer coaches are ADDED progressively.
Unlike the "excellent" governor of the APCheat Thief'nuibu cabal =>
NEXT STOP, NIGERIA
TTC in talks to sell old trains to Lagos. Are they safe enough? AUGUST 10, 2011
As Toronto trainspotters gleefully take maiden rides on the TTC's Rocket, commuters in Lagos, Nigeria may be about to get some new trains of their own. Our old ones.
A TTC spokesperson has confirmed that the commission is negotiating with a private group to sell up to 260 used train cars to the West African megacity's new transit project.
"I can confirm that the TTC is in discussion with a third party that wants to purchase trains for Lagos," said commission spokesperson Brad Ross. "Over a period of time, they will be taken out of service and then transported over to Nigeria."
The cars being considered for sale are the TTC's old H-5 and H-6 models, which will be decommissioned as the TTC rolls out its new fleet of Rockets. Ross predicts the earliest they could be shipped to Nigeria is sometime in 2012.
Traffic snarls are already a major economic problem in the Nigerian capital, a booming city that will reach an estimated population of 25 million by 2015. A new above-ground rail system designed to carry 1.5 million people a day has already broken ground, and Lagos Governor Babtunde Fashola has said it "will be the most multi-dimensional and most impactful" of the government's efforts to reduce traffic congestion.
Fashola visited Toronto earlier this year to inspect the TTC trains.
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."
He also warned that while rail systems are glamorous as far as transit infrastructure goes, they are not always as effective at reducing congestion as other options. Nevertheless, new rail systems are frequently preferred because governments can take advantage of kickbacks from large contracts.
According to media reports, the cost estimates for the Lagos rail project have varied wildly from $1.2 billion to $30 billion. In 2010, a Nigerian government watchdog accused Fashola's government of widespread corruption.
"More often than not, politicians favour rail transit because it is more expensive," Haider said. "It's almost useless in some cases, and less productive in most cases, than a bus system. But you can't buy busses for $30 billion. You can inflate prices and make a lot of money buying a rail system."
tswitch: Youruba Leadership what? Who knows you? When were you formed? In whose bedroom? (I couldn't help it,lol)
Afenifere la mo! Afenifere la ma tele!
Nonsense! Next we will we hear Yoruba Youth Forum abi Club all in the bid to sway young enlightened Yoruba youths to the general failure they call a presidential aspirant.
Abi oh. Who is their forum’s Secretary General, Akin Malaolu?
Anyway na signs of desperation by the APCheat JagaBandit of Thief'nuibu cabal.
Ashimolowo Owns Biggest Rice Farm in Nigeria's South West
Pastor Matthew Ashimolowo of Kingsway International Christian Centre, is a farmer. He owns a 140-acre rice farm at Ofada in Ogun state, the biggest in the south west, according to PUNCH.
Speaking to newsmen, he said he went into farming in order to create jobs and encourage Nigerians to get back into agriculture.
“I believe we should not just talk but put our words into action,” he said.
He said the company planted about 500 acres of cassava during the administration of former President Olusegun Obasanjo. He said no encouragement had been given into the earlier plan to make cassava a major ingredient of bread in the country since Obasanjo left.
“All the investment we put into the cultivation of cassava went to waste. Then we decided on rice as a result of the proximity of the land to Ofada. We realised that it had the potential of creating jobs and reduce importation.
“As far as we know, this is the biggest rice farm in the South West and we intend to expand to 200 acres next year.”
Asked if his company got incentives from the Federal Government for the venture, Ashimolowo explained that his consultation with the Minister of Agriculture had not been finalised.
“Our plan is to continue to increase cultivation to drive down the price so that Ofada rice will no longer be seen as exotic. We are in discussion with the Seeds Council as well on the possibility of selling the rice seeds for distribution to other farmers.
Whether APCheat likes it or not the truth about Jonathan/Sambo sterling achievements cannot be covered up forever. No matter the amount of AKPD Media packaging of propaganda & lies.
Ashimolowo Owns Biggest Rice Farm in Nigeria's South West
Pastor Matthew Ashimolowo of Kingsway International Christian Centre, is a farmer. He owns a 140-acre rice farm at Ofada in Ogun state, the biggest in the south west, according to PUNCH.
Speaking to newsmen, he said he went into farming in order to create jobs and encourage Nigerians to get back into agriculture.
“I believe we should not just talk but put our words into action,” he said.
He said the company planted about 500 acres of cassava during the administration of former President Olusegun Obasanjo. He said no encouragement had been given into the earlier plan to make cassava a major ingredient of bread in the country since Obasanjo left.
“All the investment we put into the cultivation of cassava went to waste. Then we decided on rice as a result of the proximity of the land to Ofada. We realised that it had the potential of creating jobs and reduce importation.
“As far as we know, this is the biggest rice farm in the South West and we intend to expand to 200 acres next year.”
Asked if his company got incentives from the Federal Government for the venture, Ashimolowo explained that his consultation with the Minister of Agriculture had not been finalised.
“Our plan is to continue to increase cultivation to drive down the price so that Ofada rice will no longer be seen as exotic. We are in discussion with the Seeds Council as well on the possibility of selling the rice seeds for distribution to other farmers.
They can tell LIES for months, years even decades sef but small time TRUTH must catch up =>
awodman: In 2013 bags of Rice during the yuletide cost around 12-14K but last year it cost around 8K-10k ditto other food stuffs...despite falling Naira how did you think that happened?
Also engaging idle hands in productive Jobs helps improve security by reducing available hands for crime.That's why GEJ is focusing on the Agric sector especially in the North
The old pensioner (who collects N23 million every month from us but does not attend National Council of State meetings to discuss Boko Haram) can run but he cannot hide from the sure banker failure that awaits him on FailBuhari 14th.
Olufemiolaolu: Useless post by an enemy of progress. what happened when ur clueless president failed 2 show up @ a debate? Debate or know debate Buhari ll win by God's grace.
Yes oh he will win by coup so he can cancel all the PROGRESSIVE achievements for infrastructure of others as he did in the past.