₦airaland Forum

Gbawe:
And what has this translated into? Are there new roads everywhere? World class health facilities serving catchment local Governments? Is education now adequately funded? Fayemi is a good guy and I believe he is doing a good job but the point is that all these figures bandied around for poor States [/b]ultimately means nothing because years of clueless leadership , slavishly focused on waiting for federal allocations, means that the poorest Nigerian States cannot run themselves and develop rapidly at the same time without a much greater increase in income.

How on earth will all those things happen in less than a year? I don't see the point of your argument here, it isn't realistic. This is a 10 or 20 year project, not a 1 year one. The impact of wise financial management obviously will not pay dividends 3 days from now. But the payoff down the line is massive.

The simple point is that , for development, the likes of Osun and Ekiti need far more income than 10 or even 30% shifted from recurrent to capital spending. It is all good and well for recurrent expenditure to come down , [b]because that is ultimately helpful, but a fall in recurrent expenditure only tells a small part of the story when we look at very poor States ,created needlessly out of the whims and caprices of some IMO, and understand that they need massive increase in income.

See my post above.

Regarding "paltry", the N88 billion he signed as budget is more than half a billion dollars. So let us not pretend as if Osun gets nothing.

What it has will have to be spent wisely, even if we think it is not enough.

In fact, a poor man has to be even more careful and stingy with his money than a rich one.

Poverty is not an excuse or justification for profligacy.

Gbawe:
How does the number you ask for make a difference to the discussion? What difference does it make if recurrent expenditure is 54% or 65% when we are talking about a very poor state indolently made into one where many exist via the civil service? What anyone , seeing the big picture, should focus on is how Osun must diversify its economic activities as IGR and net income needs to improve massively. Rapid development , without external financial assistance, cannot be achieved even if recurrent expenditure were 40% !!!! That is why I don't bother with those things[b] in the case of a very poor State , i.e Osun, that really has no business being a State in the first place!!!
[/b]

Err. Recurrent versus capital is the whole "koko" of the matter. What will separate states destined for greatness (or at least improvement) and ones destined for poverty.

That is why I don't care about all this, "did he pay workers salaries", "did he slap so and so" stuff. Doesn't make a difference in the grand scheme of things.

You are right, increasing your revenue is also important. But spending it wisely in the first place is even more critical. . .

For R: http://www.r-tutor.com/r-introduction

There is also the documentation from the site.

Install it and work through some tutorials.

[size=18pt]"if they need emergency action then let them produce wealth. The North particularly the core north are parasites”. [/size]

The speech patterns in this short sentence are very similar to what NL's Beaf would say. Perhaps they hang in the same circles, who knows.

Hmm. Perhaps someone who has time and interest should look through this Reno Omokri's Twitter posts and see if there are any more similarities.

^-- Their argument seems to be, "You ain't seen nothing yet." Like, more will happen than we witnessed due to those factors they mentioned.

^-- Thanks for that link!

Lmao.

All of these 60%, 80% figures bandied about for Osun are a complete lie, it seems. If 80% was true, then Aregbe and all the politicians who approved such a budget should be doused with gasoline and set on fire. It would be that bad.

Anyway, from your link, the recurrent expenditure is 54.38%. Still too damn high, but hopefully it will improve over time. Aregbe should target 40% or less by the time he leaves office, if he is a sensible man.

Does anyone have a similar budget proposal by Oyinlola so we can compare and see if Aregbe actually lowered it or raised it?

Estimates about the size of Lagos’s population differ widely. While Nigeria’s commercial capital is officially home to around 10 million people, some believe the real figure is closer to 17 million.
Lagos’s rapid growth has come at the expense of good social services and infrastructure, says Alitheia Capital in a recent research report.
“Energy and water access, sewage, transportation and housing have all been adversely affected by the development of a geographically disjointed, poorly planned city,” states the report.
However, over the past six years, the Lagos State Government has implemented several medium and long term initiatives to improve social services and close the infrastructure gap.
According to Alitheia, the outcome of these initiatives is expected to bring to the fore a plethora of opportunities in the real estate sector. “The gains for the Lagos real estate market as a result of these initiatives are tremendous – increasing foreign direct investment chasing after large transactions on the back of successful pilot public-private partnerships (PPPs); new business and business expansion opportunities; and attention and interest in the city from across the globe. It is expected that these will result in a demand for varied, good quality real estate – whether office space, long and short stay accommodation, leisure facilities, larger retail malls and housing.”

The five initiatives with the most significant impact on the real estate sector are:

The Mega City Plan
The Lagos Mega City Plan (LMCP) has been designed as a programme to boost urban infrastructure. The Lagos State Government has approached the private sector to improve transportation, roads, waste management, water supply, power, tourism, property development and manufacturing. According to Alitheia, “a degree of success” has been achieved.
Projects related to the LMCP include the greening agenda; the Lekki-Epe Expressway redevelopment; the Iganmu-Badagry Expressway redevelopment; the building of a light rail system; new water transportation routes; the Lekki Free Trade Zone and the Eko Atlantic City project.

Public-Private Partnerships
The Lagos State Office of Public-Private Partnerships (PPP) was established in 2008. It aims to operate as a “one-stop shop” for prospective investors.
“Lagos is starting to enjoy the fruits of PPPs and intends to use this mechanism to fund, design, build and operate its infrastructure programmes and has several impactful projects in its pipeline, including the US$2 billion Energy City in Badagry – a project intended to meet both social and environmental objectives. The successful completion of the . . . light rail lines will result in many new possibilities for the real estate sector,” says Alitheia.

Eko Atlantic City Project
Eko Atlantic City is a planned new ultra-high density business and residential district of Lagos, built out of a 9 km2 parcel of land reclaimed from the Atlantic Ocean. The seven sub-districts which make up the development will be linked by 20 km of internal waterways offering eco-friendly public transport, efficient tramways and clear, open roads. It is expected to be home to 250,000 residents with another 150,000 commuting into the city each day. The commercial centre will be anchored by a 50-floor office development with buildings up to 35 floors permitted within this district. The Eko Mall, designed as the largest shopping centre on the continent, will be situated in the business district.

Lekki Free Trade Zone
The Lekki Free Trade Zone (FTZ) is expected to be the largest FTZ in west Africa. In addition to being a FTZ, the area will include residential, commercial business and tourism districts.

Lagos State Tenancy Bill
Traditionally, tenants renting property in Lagos had to fork out two to three years’ upfront payment as well as large annual fees for facilities and back-up services. Under the new Tenancy Bill, it is unlawful for a landlord to demand or receive rent from a sitting tenant that is in excess of six months, in the case of a monthly tenant, or one year, in the case of a yearly tenant. It is also considered a crime for a sitting tenant to offer or pay rent in excess of one year, for a yearly tenant, and six months, for a monthly tenant.

http://www.sacommercialpropnews.co.za/south-africa-provincial-news/africa/3786-five-reasons-why-lagos-real-estate-sector-is-set-to-take-off.html

Let's cut down on the superstition and numerology by 80% or so.

Isn't a healthy way to approach life

Gbawe, so do you have the #s I asked for regarding Osun's budget? Or not?

Just link me to it if it is online somewhere.

Lastpage, you have to use some sense here. Obviously the private sector will want to provide service to wealthy parts of Lagos before poor ones.

You are just not being realistic if you think otherwise.

Private sector is motivated by money. And presumably the most money is where business and the wealthy are. . . so they'll chase that first.

Anyway, powering the places where people work and generate the most money is the best use of resources.

Nigerian university education needs fixing.

^first line contains a link

^-- how is Philly treating you?

Sounds extremely low for such a populated and important state. Oh well, it is progress, at least.

Well it looks like this already expired.

But I don't think this was justifiable when it happened. Wetin concern lagos with Tunisia

Oh geez.

I thought he was really asking "Lagos GDP is 3000 PER CAPITA?"

I was thinking that there was no way he could quote and highly per capita and still get confused.

Manny, they also estimate 18 million population. Keep that in mind.

There is nothing wrong with working with the west.

You'll eventually have to do it if you want to get wealthy anyways.

Cutting off your nose to spite your face doesn't make any sense. . . political leaders have to do whatever it takes to make their country (or state, in this case) better.

As you can see from the link I provided above, in Ekiti we got specific #s. 2010 budget (PDP), 55% recurrent. 2011 budget (ACN), 45% recurrent. A 10% reduction.

All I want are concrete numbers.

Let's see the budget bill they passed in Osun for 2011, and see what the recurrent # was for it. Let's compare it to that for 2010.

If you don't have them, fine. Perhaps someone else will find and post.

PDP is a pretty m0ronic party, btw.

If what Gbawe says is true, then there is legitimate criticism one can make of Aregbe's tenure. All of this market woman, "Aregbe slapped so-and-so" stuff, I doubt most people give a damn about that.

But if we hear that Oyinlola was spending 70% on recurrent, and rather than fixing this problem Aregbe has made it even worse, that is a whole different kettle of fish.

I actually wish that these guys in the PDP werent such bumbling fools. Then we could actually have a legitimate opposition rather than what appears to be a band of out of power rogues.

EDIT: Whoops, never mind. Having reread the original post and not just Gbawe's comment, this appears to be the approach they are taking. So I retract my criticism of the Osun PDP.

Wth does philanthropy have to do with anything?

I can be generous and give away my own personal wealth.

But if I am generous with someone else's property (in this case, Imo State property) and give it away any how, that is a vice rather than a virtue.

Man some of the reasoning used here to justify questionable decisions is very screwy  

Just call a spade a spade, imo.

Then how on earth could he have justified this OYES program?

65%+ recurrent expenditure I expect from a governor in Zamfara or somewhere like that. Upon entering office his top priority should have been cutting expenses, not increasing them.

If Osun State continues on this path and Aregbe, rather than fixing the situation makes it worse, then Osun will be in a big mess in 10-20 year's time.

If you are spending 65% on recurrent, where is the money for infrastructure?

Very disappointing.

Does he not have a commissioner of finance? I am surprised, to say the least.

Can someone find Osun State's budget for this past year? Both the budget and a breakdown of spending by type.

Ekiti for example is targeting 55% capital (45% recurrent)  for the 2011 budget: http://groups.google.com/group/usaafricadialogue/browse_thread/thread/a0608b829a02064

And even this is too low, in my opinion. But at least it is a start.

In a nutshell, what has Aregbe done to fix Oyinlola's mistakes?

Gbawe:
Are you following discussions at all ? Osun recieves the 33rd lowest monthly allocation in Nigeria of which at l[b]east 65-70% is used[/b] to pay salary and emollument !!!!

what has Aregbe done to reduce this frightening statistic?

Also, where did you get that # from? Surely no state in the SW can be that poorly run.

According to Fitch, yes.

SA Lady:
Dont despair my single sisters, there's still hope

lmao

He has good intentions. Just the reasoning he seems to use before he acts is suspect.

I don't think that this is very hard. Probably a 12-15 hour job (max) if you already have used CherryPy or Python.

The logic is simple (just rank the orders by price, and then when the auction closes loop and sell until you've sold out all your inventory to the highest bidders).

Only real wrinkle I can think of off the top of my head is that you might need some sort of external process (e.g., a cron job on unix) to close the auction when it ends (might not be able to do this within the web-app itself.)

Honestly if this was open to Ruby as well, I'd do it.

BTW Seun, why do you say no ORM?

Performance reasons. . .? Or just to make it more tedious?

Anyway if it were me doing this, I'd have 3 different object models:
1. Auction model (Object that stores the date when the auction closes. Each auction has_many bids)
2. User (representing different customers. Each user potentially has_many bids)
3. Bids (representing different bids.)

I think the logic for creating the above objects is fairly simple. You allow people to create User accounts that store the amount of money they have, as well as personal info. You allow them to submit bids assuming the auction hasn't closed. And then an external cron job then calls a method of the Auction model to process the results of the auction.

Honestly, if you don't get the objections, then perhaps you need to reread and process what is being said.

Using the same investment analogy. . . is it better to leave your money idle in your savings account, or to invest it even just in bonds, yielding a higher return on investment?

In educating your population, you should chase the most b[i]a[/i]ng for your buck. Sending 2k students to university for a year versus sending 60 kids abroad for a term. Which is likely to make more impact?

Which would you do if it were up to you (and assuming you've thought about it carefully for a minute or so)?

Anyway, whatever. If Imo indigenes are happy with it, then that is fine. After all, that is the only constituency this guy is really obliged to please. But if it were me from this state, I'd be a bit annoyed.

I'm talking about tuition for university.

Unless you are saying that one cannot find 2000 Imo high schoolers who will benefit from having a $300 scholarship (again, towards university expenses) next year.

kokoA:
Why not transport the drinks over to us in Abuja.? What a waste of good brew.

+1

Destroying is just dumb.

Confiscate and export, generate cash

If your religion also prevents you from selling, then simply charge someone a fee for the rights to "dispose" of the confiscated items