₦airaland Forum

I'll be posting selective pics of our lovable governor in ACTION...

[img]http://3.bp..com/-nUytwqBmtHI/VWQWRfqEArI/AAAAAAAAnUU/dJaPBMFeRws/s1600/ali.PNG[/img]



[img]http://1.bp..com/-07blFY4645c/VWQWpJQ5cDI/AAAAAAAAnUc/lm6shoSPZKU/s1600/ali1.PNG[/img]

https://thefutureafrica.com/wp-content/uploads/2015/04/lagos-seal.jpg

Ready to vacate office for the incoming Ambode-led government. One thing for sure is that the lovable governor will be missed by all for what he's done. Governor Fashola with Her Excellency, First Lady of Lagos, Mrs Abimbola Fashola after the celebration of 2900 days in office at the Lagos House Ikeja.

http://www.nationalhelm.com/2015/05/photos-governor-fashola-poses-with-his.html

All hail the most dedicated, focused and productive governor in the history of Nigeria.


Salute Salute Salute...

Mogidi:



Topics like this requires critical thought process na.
Why not go to idiotic threads where you usually excel?

TaNoids + Trolls = Comedy.


I dey here only for the comedy..

See, Jonathan and the PDP did not prepare these TaNOIDS for Post Election Stress Syndrome (PESS) ....

Mogidi:
Photographer, what happened to your camera, no new pictures of Fashola inspecting toilets in Oworonshoki recently. Stop trolling and contribute to the debate.

Oponu. Is trolling what you clowns call debate these days...

You villagers really do know how to overstate your worthless importance...

cc Dearpreye Truckpusher Whynotthetruth NDPVF Francizy Severussnape ibietela2, Anonimi, Altwireless, Mogidi

You know you are absolutely done for if all you have to support your usual thoughtless, ridiculous and foolish preoccupation are NL resident clowns and trolls...


You don regulate yourself to troll level...


See how low you don fall

Anything yet?

aderonila18:
But thes another report in the front page claiming Tinubu is in the uk to fetch Buhari

Don't you mean another silly and fabricated TaNoid report?

boujaye:
what makes it a technical knockout? i thought it is an abomination for any state, federal or any other to be indebted even with such an outrageous Fashola debts. None of you bigots and sycophants will challenge him that he pocketed billions of Naira, no matter his claim, just because he is an APC

Fashola Vs Akpabio. Updated:: Projects And Pictures.

https://www.nairaland.com/2322688/fashola-vs-akpabio-updated-projects

Fashola's 8 Years And Gej/FG/All PDP State's 16 Years Record. Compare. PICS..

https://www.nairaland.com/2180887/fasholas-8-years-gej-fg

This is not about APC, it's about facts facts on the ground and as things stands on the ground in Nigeria right now, Fashola delivered more than any government in the history of Nigeria, even more than your FG with their oil wealth and all the other 35 states combined.

1. Only Lagos state can do without oil money in Nigeria

2. Lagos state is not owing a kobo in salary payments unlike your broke and crippled FG

3. Lagos state's credit ratings AA+ and the best in Nigeria

4. Lagos state has more than enough money saved up to pay it's debt and they have paid many hence the strong credit ratings.

5. What the state did with borrowed funds is on the ground in plain sight and also in the links above

6. Lagos state built the best bridge in Nigeria in less than 3 years while your broke and crippled FG is yet to build 1 especially the 2nd Nb 16 years later.


Please don't cry for Lagos state, we are in good hands like Allstate...

radgenez:
This APC PDP war on NL is just stupid. Agreed fashola did a lot of projects but that was mostly in his first term. But the bulk of debts owed emanated for his second term despite all the trillions they generate yearly lagosians still provite their own water most lagos roads are a eyesore the drainage system in place like oshodi,musjin is just terrible so fashola should stop bragging and explain where all thosE funds really went too
Fashola didn't even finish lekki airport and seaport, light rail and those are the major capital projects in lagos state.
With all that money and the small size, large middle class and population lagos should have been a tokyo or dubai by now.

Lekki Airport is a private project and it's not a necessity needing any immediate attention.

Lekki seaport was delayed because your useless FG delayed it's part of the funding...

Light rail started in 2012 so kindly show us where a 10 lane 26 klm expressway with metro and BRT access was was built and completed within 2 years.

Many property owners along the route are still litigating against the state and even to get PCHN to move their poles is delaying work.

You ignorant people should at lease get a little education about subject matter before opening your ignorant mouth....

notobs:
Very stupid thread a waste of my time, one arresa individual is doing the comparison and posting the pictures for both state how can that be balanced when the same person is also very biased and out to prove that fashola is better.

Why is it a silly thread my friend? Because it exposed your less than 10 projects in 8 years crooked and incompetent Akpabio?

This is not even about being biased, it's more about setting the records straight with documented facts, facts that you and your Akpabio groupies couldn't dispute with your own facts.

Everything Akpabio did is on record so you people can not make up anything he didn't do.


Apart from the few roads and flyover, all he completed are ----


1 library

1 still unused and redundant waste called football field

1 cinema

1 irrelevant and egotistic mall

1 and only barely completed hospital

1 flood barrier



With the largest state budget in West Africa and less than 5 million population and after 8 years in office ^^^^^^ That's all he delivered, barely over 5 projects.


....while Fashola with smaller budget commissions projects everyday non stop.


These are the facts and this is why Akpabio's projects can not fill more than half a page on NL while Fashola's projects fills pages after pages..

arewaempire:
Map of the 2nd Niger Bridge.

Eve that one if ever get built go be toll bridge for 30 long years...

brixton:
Child of hate and lies.

I really wasn't expecting anything sane and intelligent from your type..

[s]

brixton:
U

Sir, I am from Edo state but reside in Opebi, Ikeja whenever I'm in the Kwantoury(sic).

Kindly educate me on the social amenities available to iyana ipaja, Volks, ikotun, ejigbo, owowoshoki, iyaba iba, okokomaiko and other slums in our obodo lagos.

[/s]

brixton:
You will always b the president I know dear GEJ!!

You deserve no answer...

GCR Affirms Lagos State Government Of Nigeria’s National Scale Rating At A+(NG); Outlook Positive
Lagos, 30 January 2015—Global Credit Ratings has affirmed the long term national scale rating assigned to Lagos State Government of Nigeria at A+(NG), with the outlook accorded as Positive. Concurrently, the following bond rating action was taken

The Programme 1 Series 2 N50bn Fixed Rate Bond was fully redeemed in February 2014 and accordingly the Issue rating has been withdrawn.
The long term issuer and bond ratings are valid until 08/2015.
RATING RATIONALE
Global Credit Ratings has accorded the above credit rating(s) to Lagos State Government of Nigeria (“Lagos State”) based on the following key criteria:
Total revenue rose by N30.7bn to N376.7bn in F13, of which Internally Generated Revenue (“IGR”) accounted for 81%, similar to previous years. In contrast to most States, IGR has been sufficient to cover recurrent expenditure over the review period, reflecting Lagos State’s decreasing reliance on federally allocated receipts. The consistent growth in IGR collection has largely been driven by an aggressive tax policy, which has seen income tax receipts grow more than eight-fold over the last decade, to a high N197.7bn in F13. As strong IGR provides a buffer against any decrease in federal receipts, Lagos State’s income is likely to be less affected by the recent slump in oil prices than States that are highly dependent on the Federal Government to support income.
In addition to the increased revenue, recurrent expenditure declined by N6.6bn to N197.6bn in F13, resulting in an increase in operating surplus to N179.1bn (47.5% of revenue), from N141.7bn in F12. The robust surpluses have helped the State execute several developmental projects over the last few years.
The State evidences increased recourse to borrowings, with debt rising by a net N326.2bn over the 5-year review period to N537.6bn at FYE13. This position is moderated by an accretion of N98.6bn in the Sinking Fund Account, which is available to meet interest and redemption obligations. In this regard, the gross debt to income ratio rose to a high 143% at FYE13 (FYE12: 107%), from 81% at FYE09, while the net debt to income ratio rose to 108% (FYE12: 79%). Notwithstanding that the rising debt has been used to fund infrastructure and development projects, which are likely have a positive impact on the economy going forward, debt to income ratios appear to be high. Although, most of the borrowings have medium to long term tenors, and maturities are diversified, debt service costs could constrain the State’s ability to adequately fund operations, more so if projected revenue growth does not manifest over the medium term.

GCR takes note of the funds being transferred to the Sinking Fund Accounts [via the Consolidated Debt Service Account (“CDSA”) and Irrevocable Standing Payment Order (“ISPO”)] to ensure sufficient funding for the repayment of principal and interest on the 3 existing bonds. Based on the trustees’ report, a combined sum of N84bn has been accrued as at December 2014, providing comfort on the capability of the State to effectively service its obligations on a timely basis.

http://globalratings.com.ng/news/article/gcr-affirms-lagos-state-government-of-nigerias-national-scale-rating-at-ang




^^^^^^^


Superb financial management...

BackDatAssUp:
The question that needs to be answered is if Fashola took out loans and is leaving Lagos indebted.

With lowering revenue from the federation account as a result of crude revenue dropping that means Lagos will have far lesser revenue because Irrespective the Bank loan must be repaid.

So the question fashola was meant to answer is not what he did with the loan but if he took out a loan in the first place.

But your alafin Gbese will not understand because borrow-borrow and long throat of another man's resources is in your genes.

1. Lagos state can do without N10 billion monthly allocation and regardless of allocations, Lagos since 1999 is yet to default any salary payment and even on top of that, Lagos state produces and commissions project averagely everyday if you go by volume.

2. Fashola is still the most productive governor i the history of Nigeria and Lagos stat retains the best credit ratings Locally and internationally and even better than your financially irresponsible FG.

3. Debt as instrument of development and infrastructure upgrades equals income and investment generator since this is what investors look at when investing. They look for safety and security which he invested in heavily , infrastructure, prudent and attentive governance.

4. When you borrow to invest in capital projects like the Lagos metro rail, you effectively cornered for yourself a gold mine that keeps generating income needed to fund many other projects and social services.

5. The metro rail alone with a million or more passengers a day means many more billions in cash flow to invest elsewhere, employ many more and broaden the tax base.


6. Lagos state's debt is good debt not only because the benefits and effects, but also because of the positive credit ratings which in any any civilized society means prudent and responsible financial management.

7. Lagos state positioned itself in a place where they can do without FG allocations and this is why they are able to pay the second largest workforce in Nigeria and delivered more projects than your FG many times over while your crooked, corrupt and incompetent FG borrows to pay civil servants with little or nothing to show for hundreds of billions of dollars in earnings and oil wealth.


Lagos state is yet to default on any kind of debt payments, salary payments, payment to contractors and in fact, they have billions saved and in reserve specifically for debt payments..


You do need major education when it comes to debt..

GenBuhari:
Is this man not overstepping the brief of a VP?

I am getting increasingly concerned that he is being groomed by America and European allies to take over government after they remove Buhari by whatever means.

Clearly all these events he is doing may be designed to make him acceptable as a replacement. The worrying thing about the photo from the economic summit is that a white man is sat right next to him

Let us continue to ask to gods to punish all those plotting against the people's General and Nigeria.

NL is fast becoming comedy central I swear....

Duru1:
Nigeria has INNOSON that produces vehicles in the damn country yet a dumbass governor of a state in Nigeria is importing vehicles for police patrol from South Korea.

Old man. Do do know the reason/s why they didn't buy from your village assembly shop?

And what about the PDP clowns you jokers run after and voted for all the time, when was the last time your village leaders and your aso rock masters stoked their state and federal vehicle pool with your innoson?


Go back inside your cave for the sake of humanity....

IbnSultaan:
we are set and good to go
VP PYO will play unique roles as Muhammadu BUHARI leads Nigeria to its promise land

You know serious, competent and dedicated minds when you see one. What a huge difference from the clueless and dummy sambo and his master. .

[s]

help3852:
Young Yoruba fool, stop tracking me, or quoting me i was not talking to you.


If you track my phone number again, you will regret it.

Does track my phone number include in the job your pay master gave to you.

[/s]


Clueless and unintelligent internet troll. When you say dumb and idiotic rubbish on the internet & you get lectured by people like me.

Forwetinnah:
The bolded is a compilation of All depth owed by past leaders including buhari. .Don't heap it all on GEJ. I really pity the people you lot are misleading on NL, I can see why your ancestor-elect is beginning to avoid some people in your party.

The man did not say anything about Jonathan, he basically stated our debt.

Your problem us guilty conscience and paranoia.

G

T

This is well laid out governing strategy. The VP elect is definitely going to handle domestic policies and strategies.

D

Economic summit .

Good to see dedicated and competent hands already tackling our broken economy even before hand over.

You can't buy competence with money.

H