ThrownBack: When they were chanting O to gee, I knew they were mistaken. APC lies are just too much.
LP with Peter Obi and Yusuf Baba Datti are coming with a track record of consistently in positive achievements from two decent gentlemen with human hearts, not power hungry old men with nothing else to offer apart from suffering.
itubaba001: Lagos, the commercial hub of Nigeria, has been ranking as one of the worst places to live in the world for the nine straight years, a BusinessDay analysis shows.
Data from the 2019 Global Liveability Index published by the Economist Intelligence Unit (EIU), the world’s leader in global business intelligence, shows the city has been within the range of 137th-139th position out of a total of 140 cities in the world from year 2011-2019. > > The EIU examines the quality of health care, education, infrastructure, stability, and culture when assessing living conditions of each city. More than 30 factors are taken into account when calculating each rank, which are then complied into a weighted score between one and 100.
infogeneral: Truth be told, politics with bitterness can not yield any positive results. Let's face the real issues that are affecting us a nation and stop all these name calling, body shaming and ethnic sentiments.
And the real issue is that Thiefnuibu is the worst of the four viable candidates seeing[b] how he looted 20 million Lagosians into ghettos and wants to do the same for 200 million Nigerians.[/b] Will you let him
itubaba001: Lagos, the commercial hub of Nigeria, has been ranking as one of the worst places to live in the world for the nine straight years, a BusinessDay analysis shows.
Data from the 2019 Global Liveability Index published by the Economist Intelligence Unit (EIU), the world’s leader in global business intelligence, shows the city has been within the range of 137th-139th position out of a total of 140 cities in the world from year 2011-2019.
Last year, Nigeria overtook India as the country with the largest number of people living in extreme poverty, thereby becoming the world capital of poverty, according to the Brookings Institute. This year, the number has risen to 91.6 million from 87 million in June 2018. Every minute, six Nigerians enter the group of extremely poor people, according to the World Poverty Clock.
AcuraZDX: Even Soyinka that called a sitting President's wife a Shepopotamus in 2014, even had the guts to call the song "detastful". Wonders shall never end
Are you calling the Kongi Nobel laureate a hypocrite?
anonimi: Everyone is now trying to distance themselves from the failure they helped package by making Jonathan look like a clueless, corrupt fellow, even Thiefnuibu who made him as APC change from CPC expired leadership. Are we supposed to be fooled
Sanusi's demonisation of Jonathan that helped make Buhari look like an angel that he is not.
The Summary of FRCN Report Against Sanusi
Persistent refusal and/or negligence to comply with the Public Procurement Act in the procurement practices of the Central Bank of Nigeria.
(A) By virtue of Section 15 (1)(a) of the Public Procurement Act, the provisions of the Act are expected to comply to ‘all procurement of goods, works and services carried out by the Federal Government of Nigeria and all procurement entities.’ This definition clearly includes the Central Bank of Nigeria.
(B) It is however regrettable that the Central Bank of Nigeria, under his leadership, has refused and/or neglected to comply with the provisions of the Public Procurement Act (PPA). You will recall that one of the primary reasons for the enactment of the PPA was the need to promote transparency, competitiveness, cost of effectiveness and professionalism in the public sector procurement system.
(C) Available information indicates that the Central Bank has over the years engaged in procurement of goods, works and services worth billions of Naira each year without complying with the express provisions of the PPA.
(D) By deliberately refusing to be bound by the provisions of the Act, the CBN has not only decided to act in an unlawful manner, but has also persisted in promoting a governance regime characterised by financial recklessness, waste and impunity, as demonstrated by the contents of its 2012 Financial Statements.
Unlawful expenditure by the Central Bank of Nigeria on ‘Intervention Projects’ across the country
(A) the unacceptable level of financial recklessness displayed by the leadership of the Central Bank of Nigeria is typified by the execution of ‘Intervention Projects’ across the country. From available information, the bank has either executed or is currently executing about 63 such projects across the country and has committed over N163billion on them.
(B) it is inexcusable and patently unlawful for any agency of government to deploy huge sums of money as the CBN has done in this case, without appropriation and outside CBN’s statutory mandate. It is trite that the expenditure of public funds by any organ of government must be based on clear legal mandates, prudent costing and overriding national interest.
Financial infractions and acts of financial recklessness committed by the Central Bank as reflected in its audited financial statements of 2012
(A) pursuant to Section 50 of the CBN Act 2007, a copy of the audited financial statements of the CBN for the year ended 31st December 2012 was sent to Mr. President. Based on the issues raised in the financial statement, a reaction was requested from you to enable a proper appreciation of the nation’s economic outlook.
(B) the response to this query was further referred to the Financial Reporting Council of Nigeria. The review by the council, rather than allay the fears of government, further confirmed concern bout the untidy manner in which you have generally conducted the operations of the CBN.
Some of the salient observations arising from the review are;
(A) in a most ironical manner, it has become obvious that the CBN is not able to prepare its financial statements using applicable International Financial Reporting Standards (IFFS) whereas Deposit Money Banks that the CBN is supervising have complied with this national requirement since 2012.
Undoubtedly, this laxity on the part of our apex bank, apart from calling to question its capacity for proper corporate governance, is capable of sending wrong signals to both domestic and international investors on the state of the Nigerian economy.
(B) the provisions of the Memorandum of Understanding (MOU) signed by the CBN and other Deposit Money Banks on Banking Resolution Sinking Fund have been breached in a material manner. For example, a Board of Trustees (BOT) to manage the Fund has not been constituted since 2010 when it was established. The CBN has however continued to utilise the Fund for certain operations without approval of the said BOT.
(C) contrary to section 34 (b) of the CBN Act 2007 which provides that the CBN shall not, except as provided in Section 31 of the Act, inter alia, purchase the shares of any corporation of company, unless an entity set up by the approval or authority of the Federal Government,m CBN in 2010, acquired 7% shares of International Islamic Management Corporation of Malaysia to the tune of N0.743 billion. This transaction was neither brought to Mr. President’s attention nor was a board approval obtained before it was entered into.
(D) the CBN has failed or refused to implement the provisions of the Personal Income Tax (Amendment) Act 2007. Accordingly the Pay-As-You-Earn (PAYE) deductions of its staff are still being computed in accordance with the defunct Personal Income Tax Act 2004, thus effectively assisting its staff to evade tax despite the generous wage package in the CBN, relative to other sectors of the economy.
(E) the CBN had an additional brought forward to General Reserve Fund of N16.031bn in 2012 but proceeded on a boy age of indefensible expenses in 2012 characterised by inexplicable increases in some heads of expenditure during the year. Examples include:
1. The bank spent N3.086bn on “promotional activities” in 2012 (up from N1.084bn in 2011). The bank spent this sum even when it is not in competition with any other institution in Nigeria;
2. The CBN claimed to have expended N20.202bn on ‘Legal and Professional Fees’ in 2011 beyond all reasonable standards of prudence and accountability;
3. Between expenses on ‘Private Guards’ and ‘Lunch for Policemen’, the CBN claimed to have spent N1.257 billion in 2012;
4. While Section 6(3)(c) of the CBN Act 2007 provides that the board of the CBN is to make recommendations to Mr. President on the rate of renumeration to Auditors, the bank has consistently observed this provision in breach and even went to the extent of changing one of the Joint External Auditors without notifying the office of the President.
5. In the explanations offered by the CBN pursuant to presidential directives, it offered a breakdown of ‘Currency Issue Expenses’ for 2011 and 2012. Interestingly, it claimed to have paid N38.233bn to the Nigerian Security Printing and Minting. Company Limited (NSPMC) in 2011 for ‘Printing of Banknotes.’ Paradoxically however, in the same 2011, NSPMC reported a total turnover of N29.370bn for all its transactions with all clients (including the CBN).
6. It is significant to note that the external audit revealed balances of sundry foreign currencies without physical stock of foreign currencies in the CBN Head Office.
Questionable write-off of N40bn loans of a bank
The above issues are only a few of the infractions highlighted by the review and which point to the gross incompetence and recklessness which characterised the operations of the CBN in the period under review.
However, the CBN also claimed that it paid Air Charter, such as payments to Emirate Airline (N0.511bn), Wing Airline (N0.425bn) and Associated Airline (N1.025bn) to distribute currency by air nationwide. Emirate Airline does not fly local charter in Nigeria, Wing Airline is not registered with Nigeria Civil Aviation Authority and Associated Airline does not have a billion turnover for 2011 because upon enquiry, the management claimed that they have no financial statements and have not had any significant operations for the past two years that will warrant preparation of financial statements.
The breakdown also include “Currency Issue Expenses” of N1.158bn and Sundry Currency charges of N1.678bn under “Currency Issue Expenses.” As they are in 2011 so are similar expenses in 2012. These are difficult to understand.
Other areas of fraudulent activities include
1. Facility Management N7.034bn in 2012 (N5.751bn in 2011.
2. Foreign Bank accounts that have been closed offshore were still operational in the General Ledger for over six months after they have been confirmed as closed accounts by the offshore banks.
3. The “Know Your Customer” policy is not properly followed by the CBN to the extent that the CBN has unknown customer with account balance of N1.423bn since 2008. The CBN claim that it is taking steps to obtain the required details regarding the address of the customer.
Wastefulness
1. Training and travel expenses N9.24bn in 2012 up from N7.65bn in 2011.
2. Expenses on “ATM offsite policy change” came to N1.045bn.
3. Expenses on “Non Interest Banking” N1.359bn in 2012 up from N0.977bn in 2011.
The CBN is still very heavy on expenses on “Project Eagles” spending N0.606bn in 2012 up from N63m in 2011.
Expense on newspapers, books and periodicals (excluding CBN’s publications) is N1.678 billion in 2012 up from N1.670bn in 2011,
Beehshorp: That is why we have said no to Mr Agbado and Cassava’s continuity slogan. We are fully OBIdient
Indeed Thiefnuibu continuity is another disaster of reckless looting and destruction loading............
LieDetector: President Muhammadu Buhari has urged Nigerians to ensure continuity of his regime by voting for the All Progressives Congress (APC) in the 2023 presidential election.
“The forthcoming general elections will provide us with the opportunity to convince the electorate of the need for continuity to enable our party to consolidate on our achievements in the last 7 years,” Mr Buhari said.
The president, according to a statement by his spokesperson Femi Adesina on Friday, disclosed this while receiving a delegation from Nasarawa State. “The Government and people of Nasarawa State, as usual, have a great role to play in returning our party to governance in the 2023 elections, in order to create a path for greater socio-economic growth and development.
“This is not only important for Nigeria alone but also for the West African Sub-Region,” the president was further quoted as saying.
Everyone is now trying to distance themselves from the failure they helped package by making Jonathan look like a clueless, corrupt fellow, even Thiefnuibu who made him as APC change from CPC expired leadership. Are we supposed to be fooled
Since I was born, I have never witness the kind of hypocrisy, double standard and demonisation that is currently perpetrated by Muhammadu Buhari, the APC, Alhaji Sanusi, Osinbajo and their "good governance crusaders" against the person of President Goodluck Jonathan, Allison Madekwe, and other government officials.
Alhajis Buhari and Sanusi and APC have been going about using every platform to talk about a "missing $20b", cheered by their hypocritical followers that pride themselves as good governance crusaders. They have deliberately gone blind over the fraud of CBN under Sanusi as outlined by the Financial Reporting Council of Nigeria report in February 2014.
Sanusi Indicted And Removed For Fraud According to the report (see below) Sanusi was indicted for Gross Misconduct that bothers on fraud and financial recklessness among other offence. The FRCN subsequently advised Mr President to remove Lamido Sanusi from office for further investigation and probe after the explanation of Sanusi appeared more like a tale and outrightly illogical according to FRCN. The council indicates that the explanation provided by Sanusi is “a clear display of incompetence, nonchalance, fraud, wastefulness, and abuse of due process and deliberate efforts to misrepresent facts on the part of the leadership of the CBN.”
The council advised the President to exercise the powers conferred on him by Section 11(2)(f) of the CBN Act 2007 or invoke Section 11(2)(c) of the said Act “and cause the governor and the deputy governors to cease from holding office in the CBN.”
April 2014: VP-elect Yemi Osibanjo Filed Case To Stop Sanusi Probe Rather than Sanusi to prove his innocence in court, he filed a case in Federal High Court, Lagos to STOP FRCN and Other Security Agencies from investigating and prosecuting him through three Senior Advocates of Nigeria, Prof. Yemi Osibanjo, Dr. Kanyinsola Ajayi and Kola Awodien. http://www.theguardianmobile.com/readNewsItem1.php?nid=24587
13 May 2014: Lagos Judge Tshoho Grants Sanusi Prayers High Court Judge John Tshoho rather than uphold the constitutional powers of FRCN to investigate probe Sanusi, he granted the prayers of Lamido Sanusi and BARRED FRCN from further investigation or probing Sanusi Lamido Sanusi. In his own words... “Prejudice is very pronounced in the language of that document. The language of the briefing note (transmitted by the FRCN to the presidency) conveys a sense of the defendant desperately goading the presidency to deal with the plaintiff,” “The plaintiff submitting himself for investigation (by FRCN) is like the cockroach finding itself in the midst of fowls. Such a cockroach cannot be innocent,”. http://www.tv360nigeria.com/?p=11923
Despite the fact the President Jonathan commissioned PWC to audit NNPC books to ascertain the veracity or otherwise of Sanusi's claim, Buhari, APC, Sanusi and their online agents that parade themselves as good governance and anticorruption apostles have been crying blue murder but refused to comment on the FRCN report nor the APC's VP elect role in shielding Sanusi for probe.
April 26, 2015: Buhari's Display of Hypocrisy In his usual hypocrisy, General Buahri vowed to re-visit the $20b allegation but said NOTHING about the FRCN report. In his own word... “Imagine a situation where the former CBN governor who by God ‘s grace would later become the Emir of Kano raised an issue of missing billions of money, not in Naira but in Dollars, $20 billion. “What happened, instead of investigating to know whether it was true that the money was missing or not, they simply found a reason to remove him. So these are the issues we are talking about…" Contrary to the lies of Alhaji Buhari, Sanusi wasn't removed because he raised alarm, he was removed because he was indicted by FRCN. Jonathan also never kept mute, he commissioned PWC to audit the books. Buhari was also blind to talk about prosecuting Sanusi for the CBN fraud. Perhaps the Emir is as "incorruptible" as him(Buhari)
Lamido Sanusi and Stella Oduah The so-called APC and their praise-singers have never for once called for the revisiting of the FRCN report, oh because it doesn't favor them. Ironically, these people were quick to call for the ouster of Stella Oduah that was indicted for "lesser" offence but demonised Goodluck Jonathan for suspending Sanusi that has lots of indictment on his neck.
Conclusion Buhari, Sanusi and APC can continue in their hypocritical path of self-deception, but every attempt to twist history, intimidate or demonise Dr. Goodluck Ebelemi Azikiwe Jonathan shall be fully resisted. Since they see nothing wrong in the fraud of CBN under Sanusi of which they are beneficiaries, then they should see nothing wrong in whatever happens in NNPC or any Agency under Jonathan irrespective of whether or not any money is missing.
silvoclaira: Guy the way Nigeria is descending into the worst state, in the next 5 years if PeterObi doesn't become President, Tanzania might be better than Nigeria.
At the moment, the guy needs to hustle elsewhere because Naija matter is disturbing.
Tanzania is already better than Nigeria in water and electricity supply, extreme poverty numbers, as well as children enrolled in public schools. Abeg why are Obi's supporters so ignorant and selling us fake hope like Bubu did with Thiefnuibu in 2015? Abeg why na Was Obi not the Anambra governor for eight years? Did he turn Anambra into Dubai during that period, since Dubai is also like a state in the UAE? You guys should stop packaging Obi-shit as chocolate for us. We don wise up now.
Sometimes I think it is because our celebs don't pay taxes properly on their income and tenement rate on houses that they misbehave like spoilt kids who will later beg for funds to treat kidney problems when they are broke, once they are no longer the reigning champions. Imagine if we are serious people like those oyinbo places we dey japa to, that lock them up for tax evasion, won't they be more serious with their life
From 2005 to 2007, while still relatively hidden from public view, singer Lauryn Hill made over $1.5 million. However she paid no taxes on that income, a charge to which she plead guilty this past week in a New Jersey courthouse. While a statement released from Hill’s camp made it clear that the star intends to pay the taxes in a timely manner, Hill joins an infamous club: black celebrities who don’t pay their taxes. > > Lauryn Hill should absolutely do what she needs to protect her family, but not paying taxes? Perhaps she was so consumed by the false entitlement of celebrity that she believed she could get out of the responsibility every other adult American has to shoulder.
Even despite her effort to withdraw from society, Hill’s celebrity automatically drew attention of the federal government — they were bound to come for their money at some point. The Internal Revenue Service has made it clear that the wealthy receive greater tax scrutiny, and making examples of celebrities is practically a hobby: it reminds the rest of us of the penalties of not paying your taxes.
Unfortunately (and perhaps to a conspiracy theorist, by no coincidence at all) black celebrities comprise some of the most frequent examples of tax evasion. Former A-list superstar Wesley Snipes is currently holed up in a Pennsylvania federal prison for failing to pay nearly $17 million in taxes. Ron Isley finished a 3 year sentence in 2010 for tax evasion. Lil’ Kim is said to owe over $1 million to the IRS. Singer Kelis owes over $300,000 in taxes. Younger celebrities aren’t immune to the issue either — Rev Run’s daughters Angela and Vanessa Simmons reportedly owe the government nearly $450,000.
Mokason288: Tanzania is one of the worlds poorest countries
And their Dirty police had the audacity to go close to our own super star
May GOD ALMIGHTY CONTINUE to punish BUHARI
Why are you displaying your ignorance with so much arrogance? While our country is 161 in the Human Development Index (HDI) ranking, Tanzania is 163 out of 189 countries. In addition, our country is the world capital of extreme poverty and has the highest number of children out of school, ahead of India's almost 1.5 billion people. So how is Tanzania one of the poorest in the world compared with Nigeria?
valentineuwakwe: If you target 150m votes, how many voters inec come register across the country?
How else will we know that governance failure Obi Pandora's supporters are clones of his liar liar self? How else will we know if they are not liars themselves
fyneguy: Peter Obi said, at the 2016 edition of the platform, that he had only one wristwatch for many years.
Liars just like their fraudulent principal who is trying hard to pretend as a stingy masses-loving politician when he is just as much a rogue like the others. was that not how Thiefnuibu packaged Bubu in 2015, posing with Milo sachets, saying he borrowed money for nomination form despite all his children in expensive schools abroad. Same same format to swindle unsuspecting Nigerians. Will we allow ourselves to be fooled again? Are we wiser now
Kokaine: you know what can take that feeling off? Volunteer to work for free in hospitals. In your seclusion times, volunteer to visit prisons and donate some clothes you call rags, follow people randomly to the graveyards to bury their loved ones and know that you could be next to be burried on a day you dont know. That way, you could be in any gathering wearing or holding anything and still keep your head high in dignity.
Thanks for sharing so much wisdom. Stay blessed boss.
ambale: So the governors have finally openly admitted that the economy will collapse
While the likes of keyamo has suddenly turned economic magician
Please let's also create wealth by developing our human capital massively and then use it to dominate Africa
How is it possible to develop human capital if your LGA councillor receives a total package that is multiple times what a primary school teacher gets, meanwhile the LGA does not have enough teachers to enroll every child in free schools.
Are they more foolish than those following the Pandora liar and failure Obi, just as they followed Bubu seven years ago chanting change change into destruction and looting
Yes na, accomplishments of looting and wrecking Lagos. No surprise Orubebe
itubaba001: Lagos, the commercial hub of Nigeria, has been ranking as one of the worst places to live in the world for the nine straight years, a BusinessDay analysis shows.
Data from the 2019 Global Liveability Index published by the Economist Intelligence Unit (EIU), the world’s leader in global business intelligence, shows the city has been within the range of 137th-139th position out of a total of 140 cities in the world from year 2011-2019.
Last year, Nigeria overtook India as the country with the largest number of people living in extreme poverty, thereby becoming the world capital of poverty, according to the Brookings Institute. This year, the number has risen to 91.6 million from 87 million in June 2018. Every minute, six Nigerians enter the group of extremely poor people, according to the World Poverty Clock.
The lack of state-owned pipe-borne water in the homes of Lagos residents has continued to be a source of concern, a non-profit group, Corporate Accountability and Public Advocacy Africa (CAPPA) has said.
At a press event to mark this year’s World Water Day, the group said its monitoring team’s visit to state-owned waterworks showed that most of them are not operational.
The group said the waterworks it visited include the ones at Maryland, Mushin, Ikorodu, Obalende, Agbowa, Onikan, Ikoyi, and Amuwo Odofin.
Only the one in Ikoyi is producing water, according to CAPPA.
Is that what happens when you have clueless leaders of even more clueless people focused on physical infrastructure without human capital development How many teachers and other workers have been employed each year since 2015 by Wike to have every child in school and water in every building etc?
Invest4growth: The project just like others is pure rip off on the resources of Lagos State. How did we get to this despicable status. All political leaders will surely account for their massive looting. We came here empty and we go back empty!
Propaganda and tribalism got us here.
anonimi: 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."
SB2020: Interesting facts about Addis Ababa and Lagos light rail projects.
Addis Ababa / Lagos Cost == $475Million / $1.2Billion Length == 34km / 27km Time to Complete == 4years / 7years (projected) Year Awarded == 2011 / 2008 (Construction began 2010) Contractor == China Railway Eng. Corp (CREC) /Chinese Civil Eng. Constr. Coy (CCECC) Population == 5Million / 20Million
Ethiopia has managed to deliver Sub-Saharan Africa’s first modern light rail project which opened in the capital Addis Ababa on Sunday, and in the process, beat Lagos whose own rail project remains four years behind schedule.
Ethiopia’s rail project was delivered on time, despite its being longer than the Lagos – Badagry rail line currently under construction.
Addis Ababa’s two line 34-kilometre system was built by the China Railway Engineering Corporation (CREC) and cost $475m, 85 percent of which has been covered by China’s Exim bank. The Lagos Light Rail Project or Blue on Badagry Expressway, was to have 13 stations from Okokomaiko to Marina via Iddo for a total of 27 kilometres.
The contract was awarded to the Chinese Civil Engineering Construction Company (CCECC) at the cost of $1.2 billion in 2008, and was to be delivered in 2011. Survey work took one year between August 2009 and August 2010 while construction began July 2010.
The work is being implemented using the public and private partnership (PPP) model, whereby the state builds the infrastructure and the private sector provides the rolling stock and management. However, the project has not worked out according to the plan. The 2011 deadline was missed, even though the State government got a loan to fund the project.
seunmsg: Obituarists: Lagos is a former FCT. Babangida paid for the railway since 1990 before moving FCT to Abuja. If there is Seaport and Airport in Anambra, Peter Obi would have constructed a railway from Onitsha to Okija shrine. Tinubu is siphoning Lagos money blablabla.
If Thiefnuibu is not siphoning Lagos money since 1999, please tell us why he and his three minions have not built one single phase of the light rail for 23 years? Something that Jakande started in 1983 before Bubu cancelled it the following year? Do you have a none blablabla answer
Splashme: The first civilian governor of Lagos State, Alhaji Lateef Jakande, on Tuesday, said that the cancellation of the Lagos metroline project in 1985 was a major mistake and disservice to many Nigerians.
Jakande spoke in Lagos during the launch of a book which chronicled his life in politics and journalism.
The book, entitled, ‘Jakande: Leadership in Action’ is written by Dr. Bola Olaosebikan, who told the audience at the event that the All Progressives Congress presidential candidate, Maj. Gen. Muhammadu Buhari (retd.), was not responsible for the cancellation of the project.
Jakande said, “Reflecting on the metroline project, I think it is a major disservice to many Nigerians. Imagine how many people would have benefitted. It would have made life easier and changed the face of transport in Lagos. Whoever cancelled it or gave the advice towards its cancellation didn’t do right.”
The former governor asked Nigerians not to vote for unserious leaders in the coming polls, saying the elections presented Nigerians with a good opportunity that should not be squandered.
Expressing the hope that Nigeria would soon overcome its developmental challenges, Jakande said hope would be actualised faster if credible people emerged as leaders in the next dispensation.
He said, “This book comes at a very auspicious time in Nigeria’s history as we need leaders who can act. We need leaders who would not compromise the standards of good governance. God has blessed this nation the most in Africa, although we have not reached where we should be; with the right leaders, Nigeria would overcome its challenges.”
SB2020: Interesting facts about Addis Ababa and Lagos light rail projects.
Addis Ababa / Lagos Cost == $475Million / $1.2Billion Length == 34km / 27km Time to Complete == 4years / 7years (projected) Year Awarded == 2011 / 2008 (Construction began 2010) Contractor == China Railway Eng. Corp (CREC) /Chinese Civil Eng. Constr. Coy (CCECC) Population == 5Million / 20Million
Ethiopia has managed to deliver Sub-Saharan Africa’s first modern light rail project which opened in the capital Addis Ababa on Sunday, and in the process, beat Lagos whose own rail project remains four years behind schedule.
Ethiopia’s rail project was delivered on time, despite its being longer than the Lagos – Badagry rail line currently under construction.
Addis Ababa’s two line 34-kilometre system was built by the China Railway Engineering Corporation (CREC) and cost $475m, 85 percent of which has been covered by China’s Exim bank. The Lagos Light Rail Project or Blue on Badagry Expressway, was to have 13 stations from Okokomaiko to Marina via Iddo for a total of 27 kilometres.
The contract was awarded to the Chinese Civil Engineering Construction Company (CCECC) at the cost of $1.2 billion in 2008, and was to be delivered in 2011. Survey work took one year between August 2009 and August 2010 while construction began July 2010.
The work is being implemented using the public and private partnership (PPP) model, whereby the state builds the infrastructure and the private sector provides the rolling stock and management. However, the project has not worked out according to the plan. The 2011 deadline was missed, even though the State government got a loan to fund the project.
Ishilove: You are free to fix Nigeria, but as for me, I gave up in Nigeria a long time ago. The bad far outweighs the good.
Any country that can field a medically and mentally unfit presidential candidate as Tinubu is not a country I'm willing to fix.
Fixing it means working in various ways to ensure Tinubu is not president next year, among other works like getting better people as senators, reps, state lawmakers, governors, LGA chairmen and councillors etc. As you earlier said, being away from Nigeria is no guarantee for safety and better life as Alika Ogorchukwu found out too late, especially if our country is not fixed to earn us collective respect and dignity.
Politics › Re: Governor Abdulrazaq Chased Away By Decamping APC Members - Isaac Fayose Reacts by anonimi: 10:53am On Aug 09, 2022
