DesignMaestro's Posts
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darling2222: |
sanpipita:Yes, but the government has not been able to solve the main issues; security, power supply and import reduction. That is why we are in the situation we are today. Farmers can't go to farm due to insecurity, companies are folding up due to poor power supply, we import almost everything, etc. In this kind of situation, putting more money in circulation without solving the above issues will keep weakening the naira, yes, but should we further tighten the purse? There is high level of unemployment and purchasing power is low. So it is right for government to adopt an expansionary monetary policy but government's spending should be largely on improving infrastructure, power supply and tackling insecurity. If these are done and more fund is made available to local farmers and manufactures with low interest rate, there will be more employment, demand for foreign exchange will reduce, naira will begin to regain its value and purchasing power of the masses will increase. Forget about those economists that support contractionary monetary policy for Nigeria's current situation. Most of them are theorists. Such policy will further raise the inflation and cause more hardship to the people. Do you think the current inflation is caused by too much money available for people to spend (high demand) or high cost of getting products to the retailer's shelve? The policy only works if there is too much money in circulation and people's purchasing power becomes higher, (may be due to increment in wage, payment of arrears, increase in employment rate, etc.) leading to increase in demand and consequent rise in price. In advanced countries, e.g. USA where people spend more, government takes this step to control inflation. Even in Nigeria, in the 70's during economic boom, people spent on luxury goods due to high purchasing power. But what the military government did was imposition of price control in order to prevent inflation. They also tried to encourage local production by establishing manufacturing industries (We were not practicing capitalism then). The expansionary policy is not the issue. The problem with Buhari's administration is poor policy implementation. |
sanpipita:It is obvious you don't understand his point. The contractionary monetary policy is used to reduce purchasing power of the people in an economy where excess demand has led to rise in price of goods and services (Inflation). This is done by reducing money in circulation. In our own case, people's purchasing power is low. The inflation is caused by high cost of importation and insufficient local production. You can't reduce money in circulation in an economy where there is shortage of money already. Expansionary monetary policy, which is the opposite of what he said, is even what we need right now to stimulate the economy and thereby raise the purchasing power of the people. |
ElSudani:Honestly. He is just playing to the gallery. I think he is completely overwhelmed by the hype already |
nlfpmod:It is true this man just speaks to impress his audience. How can you be speaking and be contradicting yourself? 1. You said you will adopt contractionary monetary policy thereby reducing money in circulation. This policy is adopted in an economy where inflation is caused by too much money in circulation. Example, increase in the purchasing power of the masses which leads to increase in demand and consequent increase in price of goods and services. It is a policy which is adopted in a period of economic prosperity (when people earn more money) in order to curb inflation. In our own case here, Nigeria is not producing enough for its consumption and people's purchasing power is low. The major cause of the current inflation is high cost of production/importation not a rise in demand. The obvious thing for a reasonable government is to encourage local production. Fix power issue, fix secury challenges and improve infrastructure; also make fund available for local farmers and SME's. 2. He stated that SME' s will be encouraged. How do you encourage them other than making fund easily accessible to them? With your contractionary monetary policy whereby interest rate is increased and lending is made more difficult, how do you encourage the survival of SME's? |
The Rivers State Governor, Nyesom Wike on Monday said he would crush his enemies and not leave them for God.Source: https://www./2022/09/05/pdp-crisis-i-will-crush-my-enemies-wont-leave-them-for-god-wike/
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The spokesperson of the Delta State Police Command, Edafe Bright has fired back at Nigerian music star Paul Okoye.Source: https://www.pulse.ng/entertainment/celebrities/delta-state-police-spokesperson-fires-back-at-paul-okoye-says-he-doesnt-have-sense/2em51ge
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wasiubello:Amen. |
It is payoneer that charged you $10 not GTB. You should contact their customer care reps since amount you are withdrawing is more can $500. Moreover, you said GTB staff told you to contact the sender. Payoneer are criminals. How I wish we have plethora of options. If you are withdrawing your earning in dollars and the amount is not more than $500, they will rip you off. Unless you withdraw into your Naira account which they will give you far too low exchange rate. I think that is insane. They are just exploiting us. But do we have choice? Freelancing from Nigeria is difficult. Imagine you earn $100 from Fiverr. FIVERR charge $3 for withdrawal to payoneer and payoneer gives you two terrible options: 1. Withdraw to your Naira account at the rate of NGN406 or 2. Withdraw to your domiciliary account and be charged $10 since the amount is not more than $500. However, it is still mathematically better to withdraw into your domiciliary and pay $10 than to withdraw at N406 per dollar. Imagine if one can work on fiverr from Nigeria and withdraw directly into his Nigerian domiciliary account with no third party. |
PresidObi:"He started the Eko Atlantic..." Read your comment. Too many kids kids here. Lagos government is not building Eko Atlantic. A private company is building it. Bola TINUBU brought Chagoury group to develop the city and land reclamation began in 2008 (Where was Ambode then?). By 2014, three towers were being built already. Afren, Eko pearl 1 and 2. Ambode came to the picture in 2016 when he was invited as the executive governor of the state, by Mr Elias Saad, the C.E.O of Eko Pearls Ltd., to commission the first tower which was completed at that time. You people will be disgracing yourselves bringing beer parlour gossips to public forum and be arguing blindly |
PresidObi:It is not my responsibility to each you basic English. "He conceived the idea...." The 'He' in the above expression is your name abi? |
PresidObi:So Ambode and co are no more Tinubu's puppets? |
AdamuKD:]Your father doesn't have brain. No wonder he produced a useless child like you. Tinubu will rule over you and your father for eight years, starting on 29th May, 2023. You can start crying now Siocco! ![]() |
AdamuKD:Wail more!!!! |
AstraDroid:You should be ashamed of yourself for this dumb comment of yours. We are talking about creating enabling environment for private businesses to strive you are talking about someone claiming private property. These are structures erected within the era of Asiwaju's new Lagos (1999 till date) . I used them as examples of the new Lagos landscape. Since all the Lagos skyline are owned by Igbos (as you delusionally think), what stopped them from erecting the edifices in Anambra instead. |
PresidObi:Don't be dumb. Nobody says he built Eko Atlantic City. He conceived the idea as a permanent solution to ocean surge and invited private sector to partner with the state government in reclaiming the land and building a new city on it. That's pure ingenuity. Now hear more. Chagoury, a Lebanese billionaire bought the idea and his company, South Energyx Nig. Ltd., are the developers of the city. They are selling the land to other developers who will build on it and make profit. Land reclamation work started in 2008 during Fashola's first term and construction of the first tower, Afren tower (Alpha One) began during his tenure. Today, many giant real estate firms have bought land there and already started construction work on their sites. Some of you will be claiming to be smart and intelligent but your utterances will be proving contrary. How will a government be building a whole city with tax payers money? This is 21st century not some 70's or 80's when military government where building Abuja. |
Abdul05:God bless you |
Mstick:Liar!!!!!!!! These are some of Tinubu’s achievements in Healthcare: - Provision of free health services for children under 12 and adults above 60. |
AdamuKD:Wail on little boy |
References:
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A hitherto stagnated city has in the last twenty years experienced transformations that have changed its landscape. Though, Lagos is still a work in progress as far as its full potentials are concerned, we can't dispute the fact that Asiwaju's emergence has greatly lifted its status ........
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He created enabling environment for private sector participation in economic development......
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Administrative Reforms: The Asiwaju Bola Ahmed Tinubu administration from inception drew up a clear and focused Action Plan for the state in conjunction with critical stake holders including the Organized Private Sector, civil society groups and the public service. The result was the evolution of the Ten-Point Agenda focusing on Education, Health care, Job creation/poverty alleviation, Power and water supply, Public transportation/Traffic management, Physical Planning/Environmental renewal, Infrastructure renewal, Justice/Law and order, Food security and public sector reforms. Tinubu’s visionary administration re-structured the machinery of government creating new ministries such as Housing, Physical Planning Sports and Youth Development as well as Women Affairs and Poverty Alleviation for more effective policy implementation. Asiwaju Tinubu brought seasoned and accomplished technocrats into government as Commissioners and Special Advisers in their areas of expertise. He created 37 new Local Development Council Areas bringing the total number of Local Government Areas in the state to 57 in order to accelerate grassroots development. He successfully sustained and nurtured them to maturity despite the fierce opposition of the Federal Government that illegally withheld N24 billion of the state’s Local Government Statutory Allocation for two years despite a Supreme Court directive to the contrary. Why it is right to say Bola Tinubu is the architect of modern Lagos:I can go on and on…….
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Education - In 1999, Governor Tinubu initiated and commenced the era of reform, rehabilitation, rebuilding of the education sector in the state with a view to making public schools, especially at the primary level, attractive to the populace; - Governor Tinubu repositioned the education sector through the creation of enabling environment and the continuation of the teacher training programs as well as improved the welfare package for teachers in the state. - Between 2006 -2007, Governor Tinubu activated the injection of massive funds to the tune of N1 billion for LASU; - Rehabilitation of primary and secondary schools in all Divisions of the state through the Schools Rehabilitation Program, - Massive construction of school furniture and equipping of laboratories; - In 2000, Governor Tinubu activated the provision of free education in all public primary and secondary schools including payment of WAEC/NECO fees as well as all internal examination fees to ensure that indigent children do not drop out of school. - In July 20, 1999, Governor Bola Tinubu ordered that his monthly basic salary be paid to four rehabilitation centres until further notice. The beneficiaries of this charity are: Pacelli School 1 and 11 (Surulere), Modupe Cole Children Care and Treatment House (Yaba) and The Spinal Cord Injury Association of Nigeria (Ikeja) - Provision of free qualitative education for all students in all owned primary and secondary schools irrespective of their state of origin; - Payment of NECO/WAEC Examination fees totaling 1.4 Billion was expanded on 572, 032 SSS III Students for eight consecutive years irrespective of their state of origin; - Rehabilitation of Secondary schools, the building of prototype classrooms and resuscitation of abandoned classrooms in projects in 38 schools; - Provision of 2000 new blocks of classrooms in primary schools; - Construction of 4 millennium secondary schools each with 39 classrooms, staffs room, library, laboratories, and 60 toilets as a new model for public schools; - Provision of 500,000 new desks and chairs for primary and secondary schools thus eliminating the need for children to carry their furniture to and from home as it were before 1999; - Provision of educational materials for the teaching of science subjects; - Paid N127 Million as bursary/scholarship awards to over 4,000 students in Tertiary Institutions; - Provision of additional 2,500 new classrooms to the school system through the Special Committee for the rehabilitation of public schools which rehabilitate 250 schools at a cost of N2.8 billion - Expenditure of N505 million on emergency repairs of falling roofs, damaged ceilings, collapsed fences and provision of drainages in 133 under the SAVE OUR SOULS project; - Construction of additional 1, 272 classrooms and provision of perimeter fencing, drainage channels, laboratory equipment and bore holes in 123 schools at a cost of N3.4 billion; - Six (6) Education Districts were created as part of the Post Primary Education Reforms; - Six (6) Tutor Generals who were formerly School Principals were also appointed to manage the districts; - A total number of 48 Schools were returned to original owners: these include 26 to Muslim owners and 16 to individual owners; - Under the coalition for the Restoration of Education Empowerment and Development (CREED), cheques worth N185 million were distributed to 263 Schools for maintenance of structures in 103 Senior Secondary Schools, 115 Junior Secondary Schools, 5 Technical Schools and 40 Primary Schools; - Between 1999-2007, Tinubu overhauled and sustained the payment of bursary awards to Lagos State Students in higher institutions including Law School; - Tinubu initiated the development of Computer education and provision of equipment to special schools; -Tinubu approved the construction of staff quarters and provision of motorized boats for primary school’s teachers in rural/riverine areas; - Tinubu Introduced free mid-day meals for primary schools (from June 2001); - Tinubu approved the upgrading of schools to Model College and return of Board of Governor - Tinubu’s administration spent N14.37 million on the rehabilitation of toilets, quarters, hostels, administrative blocks, classrooms, workshops, prototype building of TESCOM and LED offices in some schools; - Tinubu’s administration , via Ministry of Education Re-focused and re-shaped the policy and curriculums of Lagos State Education System; - In conjunction with Unilever/Nestle/Cadbury, Tinubu’s administration, approved the provision of free nutritious milk to primary school pupils; - Tinubu articulated and Initiated free education program for the over 1.5 million children 900 primary and 597 secondary schools; For more on education, go to: https://tinubustraight.com/asiwaju-bola-ahmed-tinubu-on-education/
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Check part one here: https://www.nairaland.com/7313819/highlight-bola-tinubus-achievements-lagos#116306158 Environment: “Where others see problem, a genius sees opportunity”
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Tochi3:
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More....
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Revenue Generation: The total budget size of Lagos State at the inception of the Asiwaju Bola Ahmed Tinubu Administration in 1999 was a little over N14 billion while the state’s Internally Generated Revenue was approximately N600 million monthly. Yet, the monthly public sector wage bill was N800 million. The implication was that Lagos state was entirely dependent on allocation from the centre, which was grossly insufficient to meet the huge challenge of re-building a state that had been neglected and allowed to decay for over two decades. Eight years later under Asiwaju’s astute guidance, Lagos had become financially viable and autonomous of the federal government. Tinubu Administration grew the budget size of Lagos State from N14.200 billion in1999 to N240.866 billion in 2007. As a first class financial strategist, Asiwaju Tinubu, through creative and innovative financial engineering, took Lagos from a yearly Internally Generated Revenue of N14.64 billion in 1999 to N60.31 billion in 2006. By March 2007, the state had achieved a monthly Internally Generated Revenue of N8.2 billion. This impressive revenue performance achieved by the Tinubu Administration in Lagos State did not happen by chance or luck. It was due to carefully thought out and effectively implemented policies such as - the introduction of the Electronic Banking System/Revenue Collecting Monitoring Project, - computerization of the revenue collection process, - introduction of Electronic Tax Receipts, - re-organization and professionalization of the former Board of Internal Revenue now the Lagos State Internal Revenue Service, - tax administration reforms - the creation of robust data base of tax payers. Health - Provision of free health services for children under 12 and adults above 60. - Free ante-natal care for women - Free treatment for malaria, tuberculosis and leprosy - Free Limb Deformity Corrective Surgery - Free Cleft-Lip Corrective Surgery - Introduction of the Quarterly Eko Health Missions that provides free medical services including free heart surgeries to local communities - Subsidized drugs for all patients - Free eye screening, eye treatment, eye surgery and provision of free eye glasses popularly known as ‘jigi Bola’ - Revitalization of primary health care system - Establishment of Lagos State Health Facility Monitoring and Accreditation Agency. - Establishment of Hospital Services Commission - Promotion of partnership between the government and the private sector in healthcare services. - Establishment of drug quality control laboratory. - Building and renovation of hospitals and health centers across the state - Upgrading of the buildings and facilities at the Lagos State University Teaching Hospital (LASUTH) to world class grade. - Expansion and rehabilitation of old General Hospitals in Lagos Island, Gbagada, Epe, Isolo, Ikorodu, Badagry, Agege and the Island Maternity - Building of new General Hospitals at Mushin, Shomolu, Ibeju-Lekki and Isheri-Iba - Upgrading of existing health centres to full fledged hospitals at Ijede, Ketu, Agbowa and Agege among others. - Establishment of Marine rescue unit - provision of ambulances to ease rescue operations. In 2001, he established ambulance points in different locations across the state. The scheme kicked off with the commissioning of eight ambulance points at Lagos-Ibadan Expressway; Anthony Flyover; Abule-Egba; Mile Two; Third Mainland Bridge by Ebute-Metta Junction; Ikorodu; Ijanikin; Itoikin along Epe Road and Ketu. Security: In partnership with the Nigeria Police, he established the Rapid Response Squad (RRS) unit to combat security challenges facing the city. He equipped the unit with state of the art logistic and communication facilities, making them the best police unit in Nigeria. He also fought for the amendment of the constitution to enable states to establish their own police forces. Waste Management: - To combat the menace of reckless waste disposal by the people, he established a special task force, Kick Against Indiscipline (KAI) which was saddled with the responsibility of enforcing compliance among the citizens. - Elimination of mountains of refuse that used to deface the city through the introduction of community-based Private Sector Participation (PSP) in refuse collection and disposal. Thereby creating jobs - Expansion and modernization of land -fill sites - Construction of Transfer Loading Stations - Establishment of waste-to-wealth facilities in Ikorodu. - Re-organization, modernization and re-equipping of the Lagos State Waste Management Authority (LAWMA)
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Transportation: - Establishment of the Lagos State Traffic Management Authority (LASTMA) for enhanced traffic management; - Installation of 50,000 units various types of traffic signs to improve road safety - Installation of at least 63 functional traffic lights at major road intersections among others in the transportation sector. - He established Lagos Metropolitan Area Transport Authority (LAMATA) to provide well organized transport system befitting of the status of a mega city. The agency established Africa’s first Bus Rapid Transit (BRT) scheme with dedicated lanes and modern bus stops. - Through the agency, he revamped the moribund water transportation and also created a blue print for rail transportation system in the city. In 2005, Bola Tinubu set up a committee which included Babajide Sanwo-Olu, Tunji Bello and some other members of his cabinet, to design the Lagos Light Rail Mass Transport project and the committee came up with six proposed light rail lines and a monorail. The rail lines are: - Blue line (Marina to Okokomaiko) - Red line (Marina to Agbado) - Green line (Marina to Lekki FTZ) - Yellow line (Otta, Meran, Alimosho, Ipaja, Ejigbo, Mafoluku, Isolo, Surulere, National Theatre) - Purple line (Redemption Camp, Mowe. Isheri, Omole, Ogba. Iyana Ipaja, Igando, Iba, LASU, Okokomaiko, Ojo) - Orange line (Ikeja, Alausa, Magodo. Mile 12, Ikorodu)
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Electricity Tinubu, blazed the trail in the independent power project (IPP), which continually supplied 270 megawatts of electricity to the national grid. The project demonstrated the capacity of some states to generate electricity, if the power to legislate on it is on the concurrent list. The project was actually aimed at supplying Lagos exclusively with uninterrupted electricity but the federal government truncated the plan. Tinubu’s electrification project covered over 100 communities. In his first term, 53 rural communities were targeted. The projects were completed in Egan, Atewolere, Ifesowapo, Aboru, Agbado, Ayetoro, Akorede, Isheri Ikosi, Orile Aguntan, Rofo, Borokini, Omologbede, Araromi, Oke Agbo, Erekusu, Logberu, Okegelu and Ebute, Lekki. Others were Origanringan, Onigbolakowe, Oke odo Elemoro, Ipaja Isale Odo, Agenuba, Ajelogo, Mutaku, Egansando, Ayanfe, Topo and Ikola Agbenaje. Water Massive construction of water supply schemes; construction of micro water works at Onikan, Ikeja, Iwaya, Igando, Oworonsoki, Atan, Bariga, Isolo, Shomolu and Iponri among others to improve water supply in Lagos state. Housing Construction of 6,000 housing units such as: - Abraham Adesanya Estate, - Ajah, Ibeshe low income housing scheme, - Oba Adeyinka Oyekan Estate, Lekki, - Ayangburen Phase II, Ikorodu, - Gbagada Medium Housing Scheme, - Amuwo-Odofin Housing Scheme, - Abraham Adesanya Estate, Phase II, - Ojokoro Millennium Housing Scheme, - Alaagba low income housing scheme as well as the Oke Eletu and Oko Oba low income housing schemes among others.
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Infrastructure: Roads He carried out 417 road construction projects spanning 250 kilometres across the state in the first three years of his administration. - Construction of Adeola-Odekun Road - Dualisation of Ikorodu-Itokin-Epe Link Road - Lekki Epe Express Road - Ajah - Badore Road - LASU – Iba Road - Oba Sekumade Road, Ikorodu - Dualisation of Ejigbo-Ajao Estate/Airport Road. - Dualisation of Mende/Opebi Link Road. - Expansion of Badagry Expressway. - Ikotun/Igando Road in Alimosho - Kudirat Abiola Way (formerly Oregun Road) - Akin Adesola Axis Victoria Island - Itire-Lawanson Ojuelegba-Yaba Road - Awolowo Road, Ikoyi - Moshalashi-Agege Motor Road in Mushin - Expansion and modernization of the Lagos-Epe Expressway as the largest concessioneering project of its size and compexity in Africa - Reconstruction and upgrading of the Lagos Island Central Business District including the modernization of 16 roads in the area and the historic Tinubu square…. and many more.
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Former Lagos State governor and 2023 presidential candidate, Asiwaju Bola Ahmed Tinubu’s achievements as governor of Lagos State from 1999 to 2007 will be highlighted in this thread (in parts). Many critics have argued that Lagos, being a former capital of Nigeria was already developed and downplayed the impact of the former governor on the development of the city.I will highlight his achievements in tackling these challenges and why he is rightly regarded as the architect of modern Lagos.
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