₦airaland Forum

queensmith:
I agree - although it seems as if INEC weren't really prepared the postponement will allow PDP to plan their anticipated rigging.

As it stood initially with so few people collecting PVCs southside (likely because they have more important things to do) APC may have won just due to that.

They may very well lose and Nigerians can look forward to another 4 years of hell, but I don't think the progressives of Nigeria should lose hope. APC have fought a good fight and with good candidates they can win the next one and Nigeria can look forward to better times and a less corrupt government.

Truckpusher:
You think they are that dumb? Not all .
Most of the APC hired writers you see here don't even stay in Nigeria but they usually acquaint themselves with information about our politics and use it to give serious hype to the APC here making it look like NIGERIANS are talking .
Smh.
My sincere pity goes out to those NIGERIANS that aren't smart enough to know them and watch their utterances.

Amybijou:
Dem no match enter water?

emekaxy:
FG approves $403m loans for Lagos, Rivers, Ogun, Osun

Vice-President Namadi Sambo
The Federal Executive Council on Wednesday approved the request of Lagos, Rivers, Ogun and Osun states to obtain foreign loans totalling about $403m, among other approvals.

It also approved a $1.2bn multi-donor credit for the establishment of the proposed Development Bank of Nigeria.

Other foreign loans totalling $295m were approved for developmental projects across the country.

The different foreign facilities were approved at a meeting of the council presided over by Vice President Namadi Sambo.

President Goodluck Jonathan was absent at the meeting because he travelled to Sokoto where he attended the 90th birthday of former President Shehu Shagari.

The Minister of Aviation, Mr. Osita Chidoka; Minister of State for Finance, Ambassador Bashir Yuguda; Minister of Water Resources, Mrs. Sarah Ochekpe; and Minister of Education, Mallam Ibrahim Shekarau, briefed State House correspondents at the end of the meeting.

Yuguda said the fact that most of the loans guaranteed by the Federal Government were for states being governed by the All Progressives Congress further confirmed Jonathan’s position that he was the President of all Nigerians.

He said the President had made a distinction between governance and politics, and would not trivialise his office for any reason.

According to the minister, the council approved the request for a $100m credit from the French Development Agency in support of the Lagos Integrated Urban Development Project (Eko-UP).

“The facility is meant to improve living conditions of the most vulnerable urban population of metropolitan Lagos, improve the management and treatment of solid waste, strengthen the capacity of Lagos State and implement urban development projects in Lagos State,” he explained.

Yuguda gave the repayment period of the loan as 20 years, including seven years moratorium as well as commitment fee of 0.25 per cent of the total per annum and an appraisal fee of 0.25 per cent.

The project has three major components: slum upgrading in Ifelodun and Bariga Local Council Development Areas by the Lagos State Urban Renewal Authority; construction of solid waste management facilities by the Lagos State Waste Management Authority; and provision of capacity building and technical assistance for LASURA, LAWMA, the Project Management Unit and the two LCDAs.

For Rivers State, Yuguda said the council gave approval for the $200m African Development Bank’s credit facility for the proposed Port Harcourt water supply and sanitation project as well as an African Development Fund credit of $5m to support the Urban Water Sector Reform Project.

Yuguda said the credit facility would be secured from ADB with a repayment period of 15 years and five years moratorium, adding that the interest was enhanced variable spread loan, with lending spread of 0.60 per cent per annum, translating to 1.56 per cent.

For the ADF, he said the principal would be repaid over a period of 22 years, with eight years grace period and interest rate of one per cent per annum.

According to the minister, the council also approved a $33.174m credit from the French Development Agency in support of the Ogun State Water Supply Project.

He said the facility would be secured from the FDA on blend terms, with an interest rate of six months Libor plus margin; repayment period of 20 years, including seven years moratorium; commitment fee of 0.25 per cent per annum and an appraisal fee of 0.25 per cent.

Yuguda explained that the credit would be on-lend to Ogun State on the same terms and conditions offered by the FDA to the Federal Government.

For Osun State, he said the council approved an Islamic Development Bank’s loan of $65m for financing water supply and sanitation projects in the state, adding that the loan would be repaid over 15 years, gestation period of four years and mark-up Libor + 155bps or to 1.5 per cent per annum.

On the $1.280bn for the establishment of the proposed Development Bank of Nigeria, the minister said the loan would come from the International Bank for Reconstruction and Development, World Bank, Africa Development Bank as well as the Germany and French Development Agencies in the sums of $500m, $450m, $200m and $130m, respectively.

He said the proposed bank would give credit facilities to micro, small and medium enterprises in the country.

Source:

http://www.punchng.com/business/business-economy/fg-approves-403m-loans-for-lagos-rivers-ogun-osun/

francizy:
I don't see that happening. It is so impossible. Moreover, I don't buy that feeding of pupils tales. That's backwardness. If not why will something previously terminated by GMB now be a source of campaign.

We need more of these cash spent in roads, railway lines, power sector, steel industry (Ajaokuta, Alaja steel and Itakpe precisely), oil industry (building of refineries), etc. These are actually areas that will created jobs, not feeding pupils and calling it job creation.

You don't give one fish, you teach one how to catch the fish..

Trut:
WHO IS FOOLING WHO ??

STUPIDITY is when you go to London to campaign for people without PVC.

MUMU is when you go to London and failed to come back with the acclaimed Cambridge certificate.

MUGU is when you did not go to school and forged a certificate and come online to say Sai Buhari.

FOOLISHNESS is when you have been shouting "Up NEPA!!!'' since you were born but expects GEJ to become a magician within 4 years.

AKPOS is when you read day and night to get a certificate and still want a semi-illiterate to rule you.

419 is when Buhari said he borrowed 27 million naira for presidential form but Buhari's wife donate drugs worth 135 million naira to displaced persons in Yola.

DON'T BE DECEIVED!!! THINK TWICE BEFORE
YOU VOTE.

GEJ is the MAN

wise0ne:
of course you must be really sick.

Buhari is a man full of contradictions.- He will fight corruption but Tinubu is his friend.- He will give us security but he was pushed out of office like a chicken by his subordinates.- He is honest but lies about his qualification.-He has no N 27 million to buy presidential nomination form but the wife has N 135 millionworth of drugs to donate.- He is poor but all his children schools abroad.- He will fight terrorism but sees others fight against terrorism as anti-north.- He will help the youth but is never known to have helped a single almajiri even in Daura.- He will fix the economy but has not even basic rudiment of economics.- He will fix education but is unschooled himself.- He wants to benefit from democracy but overthrew a democratic government.- He obtained school certificate but cannot produce "the certificate".May God protect us from this hypocrite.
HOW can yoruba be this daft and allow just a man to make a mince meat of them.



Before 1999, Tinubu had none of these of which 70% belongs to the government and the masses.
1. Oriental Hotel
2. Falomo Shopping Complex
3. First Nation Airline
4. Lekki Concession Company
5. Apapa Amusement Park
6. Maiyegun Land Project
7. The Nation Newspaper
8. Renaissance Hotel
9. Tejuoso Market (Joint ownership)
10. Ikeja Shopping Mall
11. TV Continental
12. Converted Lagos Poly land for TVC
13. Owned NNPC Office building in Lagos
14. Radio Continental
15. Owned School of Nursing building in Lagos
16. Tax Collector of Lagos State (owns Alpha Beta, a company Prof. Osinbajo is a
director)
17. Wife is a member of the National Assembly
18. Son-in-law is a member of the National Assembly
19. Daughter is the President-General of Market Women Association in Lagos
20. Two of his nephews given tickets to Lagos State House of Assembly
21. N4 billion government financed property for self at Queens Drive, Lagos.
22. Owned Royal Gardens Estate, Lekki and a host of others including choice Lagos State Lands he connered to himself, family members and cronnies.
23. He is supporting and Financing buhari not because he loves him or Democracy but because he wants to expand his resource grabbing to the Federal level including oil blocs of the Niger Delta. beware of looters in ceremonial clothing, we know their type...

OREMUSSANCTUS:
Soon dey will apologize to omisore just like the guardians apc deceiving naija kids shouting change since 1960

aminashy:
Brainless and useless fashola on the loose again go and pay lagos debt of one billion dollars before coming online to talk thrash.

customized13:
FFK simply outspoke amaechi, he made amaechi feel like a riffraff.

dtruth3:
Nawaoooo..... this Fani Kayode get mouth ooo!.

He is really a nightmare for the APC!
Even Rotimi Amaechi could not stand him.
Indid, this man is a buldozer! he is very intelegent and conversant with nigeria history!

musiwa94:
[size=38pt]Osibanjo is going to continue arm robbering like Tinubu.

He is going to hell fire.. burn like a mad man
Arranging for Area boys
snatching ballot box
Election rigging
If he lucky, bullet may kill him if not assassinator, finish him
That is the life of nigeria politician

It is not too late for Osibanjo to join new believer classess. It is not too late for Osibanjo to accept Jesus as his lord and personal Savior.

Any man who walk with tinubu, well I dont have to tell you who is the lord of the life of Tinubu.. ESU LALU. satan.

If Osibanjo close his eyes, God can have mercy upon his life...

If Osibanjo end up a liar like his father inlaw.. today, It is a region , tomorrow ,it is a country.
[/size]

waternogetemeny:
Buhari must collect igbo vote by fire by force but GEJJ cannot collect Fulani vote.


Igbos are the most African orientated tribe in Nigeria so good luck Buhari with his igbo most vote me.



As for all the igbos with me here in my family and village, it is GEJ i hear and see.



GEJ tilll 2019

KwoiZabo:
APC keep packaging the illiterate Mallam

Breeze go soon blow and fowl Nyash go open.

GEJ till 2019.