COMPAQ's Posts
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kellight:I must confess that at first glance it seems that way. Seems like a lot of effort was made to make it clear that he is a Christian. |
BuhariAdvocate:As well as abandoned vehicles on our streets |
And when they said we were a shithole country, you people were arguing!!? |
The also need to replace all the stolen manholes in Marina and Ikoyi. And to end the practice there needs to be undercover police paroling those areas to make it much less easy for criminals to steal them in the first place. |
This comment from Fashola smacks of a lack of innovation and willingness to do something radical to solve our problems. Let me provide my own solution to this problem. 1. Raise a road infrastructure bond of say N250bln and $694mln. This totals N500bln. The essence of this mixed fund strategy is to reduce the borrowing cost. If Naira is 13% and USD is 6%, weighted average cost of borrowing comes to about 9%. 2. Use the funds to reconstruct the highways in question. 3. Toll the highways. Get a private company to manage the collection of the tolls in exchange for 10% of the take. This company will also be responsible for the maintenance of the roads. Since they will not want to be spending too much of their 10% on the maintenance, they will quickly fix any small pot hole before it becomes bigger and eats into their money. The remaining 90% of the funds should be deposited into a sinking fund dedicated towards repayment of the loan facility. 4. Eventually when the loans are repaid, say in 15years, then the 90% take from the plazas revert back to consolidated revenue fund for sharing or whatever. What are the benefits of this model? 1. Nigerians get good, well maintained roads for the next 15years 2. Government can use funds for other purposes. 3. Internal trade and travel is enhanced by the improved road infrastructure. Left to me, I would deploy this model for the following roads: 1. Lagos - Ibadan - Ilorin - Abuja expressway 2. Abuja - Kaduna - Zaria - Kano expressway 3. Port Harcourt - Aba - Enugu expressway 4. Enugu - Onitsha expressway 5. Lagos - Shagamu - Benin - Onitsha expressway 6. Uyo - Port harcourt - Warri - Benin expressway |
I came across this informative infographic and i thought to share. For as long as I can remember since 1999, the power generation capacity of Nigeria has always hovered at circa 4000Mw. Of recent, we are hearing that generation capacity is now around 7000-8000Mw. However, the attached graph shows the annual addition of just WIND POWER to America's power generation capacity. Granted America is the richest country in the world and their electricity is deregulated, but if America can increase just WIND capacity by 61,600Mw in 8 years, why is Nigeria in almost 20 years of democracy unable to increase it's TOTAL generation by say 5000 or 10000Mw ![]() This just shows how unserious we are as a country! Other countries we should be closing the gap on are even increasing the gap further.
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I rate Sanwo Olu pretty low. On a scale of 1-10, I'd rate him a 4. First of all there are a few things which he met on ground which have deteriorated under him. 1. One of these is street lights. Ambode had a light up lagos program and under that program most highways were lit up. I noticed that not long after BOS came into government, most of the street light started going down. 2. State of roads worsened in the immediate aftermath of the BOS governorship. However, i will admit that some efforts have gone into roads in the last 2-3 months. However, if he does not use initiative now to clear drainage before the rains start to ensure free flow of rain, we will be right back where we started from. There were also many simple things that he promised that he has not delivered. 1. Smart traffic lights: he mentioned during the debate that he would replace traffic lights in Lagos because they control traffic the same way in the morning and evening despite the fact that the flow of traffic is different. 2. Environment: Lagos is in chaos. Filth everywhere, markets and stalls everywhere, street urchins everywhere, abandoned vehicles everywhere etc 3. Traffic management: Bos spoke boldly about traffic, but not much has changed in that space. While they are removing roundabouts on the lekki axis, and that would improve the situation marginally, my view is that there are still too many bottlenecks on our roads that have not been dealt with. Some of these are bad roads, Danfo's blocking junction to pick passengers, non enforcement of traffic rules etc |
I hope FGN has a well thought out strategy for this rail development. I say so because so far the development of the rail sector appears to be geared towards human traffic, when the heavier focus should be on cargo and freight traffic. There are very few countries whose railway is self sustaining on passenger traffic alone. I agree that while there are high level plans to use the Lagos Ibadan rail line to evacuate containers to dry port in Ibadan, i am not really hearing much about this, so i wonder if this will really come to pass. Also to further the development of the rail sector, the government should transform the NRC into a holding company responsible for the build-out, management and maintenance of the tracks and railway stations, while a separate company set up to own the locomotives and operate the rail services itself. This company will pay for the rights to use the tracks and stations similar to how private airlines pay to use the airports. In this way, private sector efficiency, capital and innovation will flow into the sector. If this is not done, I can tell you that within 5-10 years, the multi billion dollar investment in the rail sector will come to nothing as the tracks will have fallen to disrepair and rail services would have stopped. And Nigeria will be paying back liabilities for assets that have deteriorated. How do i know this? What infrastructure remains 100% in the hands of the government and is well maintained? Is it our refineries, ports, stadiums, airports, roads? |
So all we know is that LASG has raised N100bln. However, WHAT EXACTLY is the money earmarked for?? No one in LASG has been able to tell us specifically. I hope they will proactively apply the funds towards completing legacy projects such as the Mobolaji Johnson stadium, onikan, The bus interchange at Oshodi, the cultural center beside Mobolaji Johnson Stadium, as wll as improving the road network before the rains start. I really hate to see projects being abandoned. |
SoftP:That doesn't change anything. Whether Visa from departure point or visa on arrival, anybody arriving in Nigeria period, will be scanned for the virus. |
The bitch in white is obviously dressed for Ned or any of his friends to "come Bleep me" |
Its not YOUR security vote!!!! It's OUR money!!!!! |
I disagree with the award!! I use FBN, StanChart and GTB and i wouldn't rate FBN the best of the 3. |
The one I've never understood is ibadan tiny taxis carrying two people in front. Even from the time I started working and before I bought my car, I always sit in front and pay for two because it is so damned uncomfortable sharing with someone else. If its along trip, my leg would have frozen by the time I get to my destination. And then you see the driver struggling to engage gears. |
lalasticlala:. That one is for television and the gram |
uruba23:Who is this Mr Koko |
Anaedo1:Help us define"into oil and gas". That's how it was said that NOSPETCO was "into oil and gas" and we know how that ended. And if you don't know the specifics of what e money does in oil and gas, please say so and don't assume on his behalf. |
See where the best of our police are? Guarding private individuals! Meanwhile they leave the skinny, hungry, tattered looking police men on the streets to be harassing the rest of us.
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Mikecold:. What really makes Adenuga and Elumelu legit. We never really knew how they started. Suddenly we heard Adenuga owned consolidated oil and Elumelu owned crystal, standard trust bank and then uba! Only Dangote built his empire slowly and surely from the late 70s and even he has had major help from the government. |
They need to extend this to Lekki and Ajah before focusing on the mainland. Abandoned vehicles on the streets from mechanic workshops are a major nuisance. Street traders converting road islands to markets are a problem. Street urchins begging for money with their mother's at the junctions in Lekki are a eyesore. Conversion of residential properties all over Lekki is a problem. Slums and illegal settlements all over Lekki are a problem. Builders pouring sand and gravel on the roads and not fully using them up and abandoning the remains on the road to eventually spoil the road is a problem. |
FutureFocus:Did TSTV ever even start? |
I hope he is paying the proper amount of income tax and ground rent tax? And all his cars have the appropriate level of vehicle license? If I were to be in charge of revenue mobilisation for the tax authorities, walahi all I have to do is be active on social media to see people flaunt money and go after them, instead of harassing the masses. People like this should be paying luxury taxes. |
Unfortunately any benefit will be marginal at best. The volume of cars is just too much, especially with slow systems. In as much as it requires a barrier to go up and down, it will never be fast enough. |
We need stuff like this in Lekki to keep the traffic gic flowing |
That's your expensive champagne right there |
Left to me, because 2nd roundabout is wide I would have done a flyover there with sufficient space underneath for u turn from both directions. I would also close Admiralty entrance from 1st roundabout to force everyone to go forward to 2nd to either enter Lekki at 2nd roundabout or you turn back to Admiralty. The main issue with that road is there are too many breakages to the flow of traffic, whether it be roundabouts or junctions. If roundabout was 80‰ of the problem, changing it to junction just reduces it to say 60% of the problem, especially when traffic is being controlled by Dumb traffic lights that direct traffic the same way at all times of the day. This will be a marginal and relatively shortlived improvement at best!! |
Having said that, this is not to say Fowler is an angel o! He may have made mistakes and if he had any shady deals while in office, he should be investigated and tried simple! |
No wahala na! Let's see what Nami delivers as revenue for 2020! They are blaming Fowler yet conviniently forget that Buhari almost single handedly plunged this country into recession,with so many people losing jobs and companies struggling, yet they expect to raise more revenue? |
UyaiIncomparabl:A snake is halfway through eating a boy and you are worried about whether the snake dies!? How exactly was the father expected to get the boy out without killing the snake!? |
Rossikk:I totally agree! This idea of government opening enterprises is outdated, not to talk of inefficient. |
Which 2nd Niger Bridge? I thought that project was being handled by the Nigerian Sovereign Investment Authority? Also which East-West Road? Eket junction to PH is fine. Most of PH to Warri is fine (except some bad spots in Bayelsa), Warri to Benin as at 2017 when I was on it last is managable, but could do with some repairs, while Benin to just after Ore is spotless, so which East west road are they taking loan for? It had better be the remainder from Ore to Shagamu interchange. Otherwise na scam!! |
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