₦airaland Forum

okonja:
Attention seeker...Your Dad is gone, whatever you ask won't bring him back now, the country is suffering, no one is a saint, but we are tired of this saint, lets try another saint,...

We need *CHANGE*

dytbabe:
I am not a politician nor trying to promote any party
But lagos island is in a MESS

I came here for holidays and mehn, words can't simply express it

I was told this has been on for over 6months, ppeople dying and crying for help but non forthcoming
That water stinks

I am so angry, that I had to step out to take pictures.

Babysho:
call Fashola anytin u wanna...but not a theif bro....Fashola is d only Politician i see in Nigeria...e provided street lights errwhere in Lagos...d BRT stuff...the buildings e built and set up for sale at cheap prices to d people...its not easy nah...u r complaining...have u ever paid your personal tax

OrlandoOwoh:
Buhari is a retired General. Officers are known for not making long speeches. They go straight to the point. If you've watched Saworoide you'll see where Kunle Bantefa said the same thing to Kola Oyewo.
Sai Buhari.

patmaine:
FG approves $242.2m IDA loans for Lagos " The Minister of Finance brought a memorandum seeking approval to obtain additional credit facility from the International Development Association in support of the Second Lagos State Development Policy Operation.

“The objective of the project is to improve on public finance in a sustainable manner and consolidate on the achievements recorded under the first phase of the project.

“The project covers the construction of a 27km light rail , construction of schools and the construction of Adiyan mini waterworks to provide two million gallons of water per day.

From: www.punchng.com/news/fg-approves-242-2m-ida-loans-for-lagos/

which other help abeg

Demburrows:
Apc should have worked with a weather chart from the Nig Met Agency before fixing date. We are in a DIGITAL world somebody.

huptin:
Generals dont talk much..... They act.

I’ll meet other generals to draft anti-terror plan – Buhari


The Presidential candidate of the All Progressives Congress, Maj. Gen. Muhammadu Buhari (retd.), on Wednesday said that though Nigeria is a rich nation, its people are extremely poor due to bad governance.

He also promised to involve serving and retired military generals to devise an effective strategy to crush insurgency in the country, if elected as President in 2015.

More from: http://www.punchng.com/news/ill-meet-other-generals-to-draft-anti-terror-plan-buhari/

chukwudi44:
Raining seriously now even in January. The gods of the land must be angry with Buhari

oladele97:
This so poor for six years

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

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.”

[size=15pt]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.[/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/

Firefire:
Lagos State, had internally generated revenues of N384.25 billion, equivalent to 76.9 percent of its 2013 budget of N499.10 billion.

Lagos State also collect monthly 26.72% from the federation account, what happens to the allocation if Lagos already generated 77% through IGR?

Lagos State under Fashola raised Several Bonds and collected massive loans.

N50 billion bonds was raised in 2009

N87.5 billion bond under the Lagos State fixed rate bond (series 2), to execute the on-going construction of the blue line light rail project from Okokomaiko to Marina and expansion of the Lagos Badagry Expressway into 10 lanes

160 Billion Naira Loan from World Bank on same Line rail project?

The future of Lagos state is mortgaged till 2020 by ACN turned APC.

Shame on the people calling black white and claiming Progressive and inwardly they are rogues.


www.nairaland.com/attachments/2079472_bond_jpegee5029b54f8c3f4506eca5211525a140

eazydon:
At my backyard in Aba. our own train over here is very real. 2 times in a day it vibrates the ground.


www.nairaland.com/attachments/2079404_img20150113093139_jpeg8f36fa35ec568ebebe48dc9074e8a29d



www.nairaland.com/attachments/2079405_img20150113093149_jpeg45b4b86e153dd40d6444417ccd494db4



www.nairaland.com/attachments/2079406_img20150113093253_jpegcc2a295343e86e1d334e86c6a037f084



www.nairaland.com/attachments/2079407_img20150113093347_jpeg7aa09c0ad00e0efe871c8884a2c64f87

Freelancer00:
why waste money on useless expensive things when a broom is multipurpose

bugs1:
Asked by the programme presenter, Kadaria Ahmed if he actually endorsed President Goodluck Jonathan as was reported in the media, Babangida said he actually alluded to it. “I did allude to that, I said I found him as someone who has a very strong belief about the unity of this country “

“Those of us who fought the civil war, I still carry a bullet here as a permanent reminder in me, anything that talks about Nigeria’s unity, I get impassioned about it. So what I said is that the president believes in the unity of this country and any other person who believes in the unity of this country should support the president to keep the country one.

“Well, as far as 2015 is concerned all the presidential candidates, 14 of them have my blessing. The only difference, I did mention it, is that, I have not been able to read what they have to offer to this country and I am going to do that.

millhouse:
brilliant ..i know they woun't put this on front page ..

Firefire:
[size=14pt]Fashola, where did you keep the N160bn World Bank Loan[/size]

kestolove95:
My problem na papilo wey dey dia,his to big for dix...

barcanista:
Oga na who no finish secondary school? Abi you smoke?

olatunji21:
Sure it was.. It's always issued whenever there's a major event in lagos... That's what d Staffs at Lagos Traffic Radio are payed for..

beopened:
It was not issue because Jonathan does not give a damn about the masses hence could afford not to forewarn or advise them about taking alternative routes

Clerverly:
Jonathan rallies rarely attract crowd! So no need for any traffic advisory Mr. Crayon!