₦airaland Forum

Who will bail SW from its crippling debt?

APC and Alpha beta has destroyed SW financially

Now I see why ambode is busy taxing everything, he is just raising taxes to pay debt.

This is no joke, this debt is enormous

Atouke:
Ekiti= 545.31%
Lagos= 930.96%
Ogun=535.34%
Osun =285.14%
Oyo = 410.86%
Net revenue to debt. SOUTH WEST is in serious debt crisis mode.
See what choosing greedy leaders will do for a society.
They will plunge their innocent populace into debt crisis. Later they will begin to shout we own lagos.
Now we know the true owners of lagos and the SW, The Lenders.
Those who lend you the money will soon come to collect and let me tell you it won't be pretty.
SW, your government have turned you guys into tenants in your own land.

It will take 1000yrs to payback this huge debt

It's horrible the debt in the SW region of this country.

Ekiti= 545.31%
Lagos= 930.96%
Ogun=535.34%
Osun =285.14%
Oyo = 410.86%
Net revenue to debt. SOUTH WEST is in serious debt crisis mode.
See what choosing greedy leaders will do for a society.
They will plunge their innocent populace into debt crisis. Later they will begin to shout we own lagos.
Now we know the true owners of lagos and the SW, The Lenders.
Those who lend you the money will soon come to collect and let me tell you it won't be pretty.
SW, your government have turned you guys into tenants in your own land.

Generations unborn in the south west are in bondage, not of their choosing but because of the greed of their leaders. How will they ever get out of such crippling debt?

OP not igbo, just trying to cause social media war.
You guys should stop all this nonsense.

Let the condolence not stop at govt house as it did in benue,taraba etc. He should visit the victims in their village. That's how to pay condolence visit.

bendike:
I beg to differ with you price analysis. Coconut oil is processed out of coconut, petrol is refined out of crude oil.
Therefore compare the price of coconut oil to that of petrol and not crude oil.

Okay going by your analysis :
5 gallons coconut oil = $57.99
5 gallons petrol (inUSA) $12.50@$2.50 per gallon.

Coconut is still king.

coconut plantation

more

swampy terrain.

ending

Refinery will process, Coconut oil, palm oil and palm kernel oil. and all other products of the oil processing.

work going on at the plantation

St Gabriel Coconut oil Plantation.

Price comparison: As at today. 3/14/18
5 gallons of coconut oil(38lb) = $57.99
42 gallons of crude oil (1 barrel) =$64.64.

Coconut oil capable of generating more revenue per gallon than crude oil. The minders of Akwa Ibom State Government are thinking right. Excellent project.

muykem:
Very impressive but I am here to see something else.

What Something else?

Feed for the Nursery.