₦airaland Forum

ShymmeXS:
I honestly don't think infrastructural development falls on financial institutions, unless you're alluding to PPP. And with PPPs, whoever is getting involved in such a venture would've the capital base to execute it - and cos it's profit oriented, I don't think financial institutions would deny a customer with assets to tender loans for an initiative like that.

Regardless, the government is responsible for infrastructural development cos infrastructures are assets - hence capital expenditure is included in every budget. These folks just lack foresight and they're mostly educated-illiterates. And when you add greed to it, then it's no surprise that they're utter failures.

Fair enough but i think leaving it all for the government in the face of dwindling financial resources we might just remain stuck with mediavial infrastructure . . . . .am thinking of a medley of financial instruments to be used on the premise of a mortgage like template with banks coming in and another arm with private public funding kind of.

Because would be investor that might just be tough enough to stick out their neck would not want to risk it all with their funds alone, attractive ROI might sound and hopefully a part funding by indigenous banks helps to give it some secured home base clout and the government playing her role in here too helps to soothe every uncertain nerves within this financial ecosystem of funding . . . . .

I know a few european countries that leveraged on that kind of template, the European Development fund was injected, some government funding thrown in same for home based bank as well and it worked well for all concern although we can fine tune ours in lieu of EU funding private funding comes on board. The banks involved in the EU project are now collecting something akin to rent money now and chilling and waiting for alert monthly or quarterly as the case maybe.

The citizens of a State like Osun will not be disposed to their government using their limited resources investing in long term project say a train project at the expense of other projects begging for attention , why a medley of financial instruments should be used to get the job done imo.

ShymmeXS:
Who're the masses?

The folks who ought to be the masses are the ones scrounging for crumbs everywhere and the useful idiots who think flowery words and window-dressing is leadership.

Both the leaders and followers in Nigeria are utter failures. You can't even separate the two.

But i will lay some blame on our near zero infrastructural development on the banks and financial institutions in Nigeria of not desirous in giving long term loans to would be investors or promoters of massive projects like this, their taste for quick return on investment and merry go round in currency trading then could't have exemplified how they (banks and co) suffer from fresh ideas.

Irony of it all is they go on and declare mega profit year in year out without any serious corresponding infrastructural developmental input to their immediate society, transportation be it in air, on land or sea all over the world is hot money albeit long term, they cannot go wrong on that as the world population is still growing at an alarming rate, sub sahara Africa nee Nigeria is not an exception, people and goods still needs to be moved from point A to B and rail transport arguable the best way to tackle such especially for SW Nigeria.

Funjosh:
They are Salt and Earthworm

Why should he or them play partisan politics with the commonwealth of a place in the first instance? with the teeming population of youths begging or looking for jobs just to get on with their lives, he/them can go on and play political bigotry and the youths continue to be the collateral damage in this case . . . . smh

Aareonakakanfo:
No wonder dem talk say you no get sense .Everything in your brain is APC. Even If your whole family die of hunger,you'll never accept the truth all in the name of partisan politics

You shouldn't have given him attention, their antics are well known on Nairaland . . . . .they throw some nasty comments and leg it in the hope you throw words back and loose focus . . . . . anyway that aside

Some of this project as discussed demands new money or new wealth to drive things up, government financies as it is now seems bugged down with recurrent expenditures and best project like this is formulated on a private public template to get things started asap, sectors of the economy like rail transportation and more importantly the very profitable axis like the Lagos Oyo Ogun axis for starters. . . .

Aareonakakanfo:
I've always thought about the emboldened but security is another issue.You know the funny thing? These countries don't even have half as much as we have in terms of potentials.Countries like Japan,Switzerland,Singapore have nothing when it comes to natural resources,but they thrive.We upon say we get everything,we still poor

you know when wealth is not seen to be distributed across the citizenry then crime is a most, but if folks are getting engaged, not just the educated alone but the artisans as well the society thrives.

But really we have a very good tropical weather so this ferry or ships can sail for the better part of the day if night travel is an issue, again imagine a straight train ride from lagos to ibadan using the lagos ibadan road axis, who ever invest in that will certainly reap their money over and over as population opens up Ibadan and her environs all thanks to that train ride, multiplier effect will be a quick up surge in commuters from outside lagos and thereby decongest the city just a little bit.

Have always had it in me, if i ever be in a position to govern a state, i will have a mindset i will be on the job for only one term and literally give it all I can as for second term?! i really can't b bothered because i perceive in their quest to make a second go at the helm of affairs again, they flow with the status quo and tend not to think outside the box and indirectly stifle development.

As it is i really don't think the masses are really benefitting anything from having truck loads of APC governors and legislators that can actually wear their thinking cap and marshal out a plan of action for a gigantic pan yoruba project in one or two states during the tenure, seems they promise all whilst campaigning, get voted in and make a volte face afterwards.

Aareonakakanfo:
And that's why I'll always site the Ondo state bitumen example.There's an OAU professor who refines bitumen in Ondo state but he's an APC chieftain.He once designed a blueprint on how Ondo state can make use of its bitumen deposits.Mimiko is PDP.Well you know the rest

Am yet to be fully convinced we have matured politicians in this clime, everyone kinda in it to clean out and point fingers once things go haywire, how on earth can a country be richly blessed in the soil, on the waters and good climate and still cannot stand on her feet never ceases to baffle me.

If i may go down memory lane, Copenhagen is the capital of Denmark and Denmark as a whole is made up of 700 little islands by leveraging on their marine power they literally built an industry out of water! from fishing to tourism to having the largest container shipping cargo (MEASK) birthed from their country tells me the endless possibilities coastal industries can give birth to if we really take it serious.

Then you have a country like Ireland with ferry services across the English channels, carrying everything from trucks, cars, goods, services and what have you, sailing is bout 3 hours from Holyhead to Dublin and boy o'l boy, those ships never run empty and they do bout 8 trips a day btw Irishferries and Stanalines. . . . . . .again smart folks leveraging on their coastal powers.

Like someone opined earlier, would't it be so nice we have some kind of coastal travel between Lagos and Ondo? the benefit to dangote refinery and the allied industries that will spring up as a result of siting same in Ondo can't be a thumbs down in anyway.

But what beats my imagination of this SW leaders is their continue penchant for disagreeing to do something that will benefit the whole of the yorubas regardless of party lines, why the whole SW cannot agree to pool resources together and become equity partners on some gigantic project like opening some industrial hubs up like in Ondo to cater for our teeming army of unemployed youths.

Why should agreeing to come together for your people be looked on from the prism of politics or greed. if they were bent on letting the refinery sited in Ondo, they should have rallied round the suppose governor and ask he let the house know what are the challenges he feels he will be facing should refinery be sited at his backyard.

If it was road infrastructure and others, if it means pouring money using DAWN or ODUA investment as vehicle to get this done and building necessary organised estates to attract as much people into that areas so be it.

Atimes i feel we are our own worst enemies with political egos flying back and forth all the time . . . . .and still, the greatest good for the greatest number of people still left unmet whilst our youths continue to wither away.

Talking about coastal development in the SW of Nigeria, to say the governors are bereft of smart ideas at this stage is like giving them a compliment cos they really are not smart as much as they want us to believe, you don’t have to have the whole capital funds to be able carry out projects of this magnitude but a master plan most be in place for developing x area of a state or economy and am sure if they do their home work very well they will get a global investment body to buy into their vision.

I know agriculture is very important in getting money in but i feel the the way it’s often being trumpeted it can’t be the be the be all and end off regarding revenue generation imo.

I know electricity still a big challenge but mass manufacturing stands a better chance of absorbing our great army of un employed youths than agriculture, cos agriculture has realy gone mechanical in many ways, so not much assimilation can be guaranteed out there.

If there is anything the transport minister should bequeath to the south west during is tenure is a fast speed rail transportation btw lagos and ogun/oyo state, a direct train line between this states will be more than sensible and the idea of this train line snaking thru every town and villages should be jettisoned, just a direct train like from say lagos to ibadan simply, that will so open up this places big time and of cos cargo coaches attached to carry goods.

ShymmeXS:
He tried a lot in window-dressing/airbrushing tons of things with layers on layers, and massive media campaign - thus making a lot of money via inflated projects. Obviously, that will win folks who don't know any better over.
However, in terms of leadership and what a leader ought to do - he was found wanting. He wasn't people oriented. Never decisive and firm with his decisions and he exemplified that with the way he apologised to Igbos after cows changed hands cos of the deportation-gate. Thus elevating their status cos he never apologised to folks from other ethnic groups who were deported prior to that. And he never effected the policies Lagos need. Then he lacked foresight (as the governor of Lagos).
Anyway, I'm not a fan of the guy. And naturally, I don't like leaders that exhibit too much capitalist tendencies.

laudate:
It is not just the state that would develop, but adjacent South-western states would benefit, too! Ondo is right at the border with Ekiti and Edo, while Ogun state lies next door. Ogun is a stone throw from Lagos. Can you imagine the potential spin-off of businesses, jobs, income etc., that would come on stream, if that kind of project starts operation?
What are the representatives and senators from that axis doing? Why aren't they screaming for help and raising dust, so that the Federal Government can take a second look at this project??
Why isn't the Ondo State Ministry of Trade working with NNPC to create awareness about this issue and resolve it?? Who are the board members of the OK LNG facility??
Do you remember what happened to Brass LNG when ConocoPhilips pulled out?? Jackson Gaius-Obaseki the Chairman went round the world scouting for investors to buy up Conoco's equity so that the project could continue. Oando eventually raised funds through a consortium of banks, and bought over those shares. The Brass LNG is now back on track!

I certainly agree with you . . .Lagos has indeed swallowed up so much investment other states should ideally benefit from, a place like Ondo can do with massive investment like Dangote's refinery but i think some of the underlining factors why Lagos might would have cornered this investment is political.

The guys in the helm of affairs would have gone to town to blow their horns to have made it happen of cos with a political bigotry as well with Mimiko an PDP guy, but having said that siting that refinery their would have being an huge relief for people within that axis to ease pressure unemployment big time and go on to develop that industry to great height perhaps.

Siting in Lagos comes with all her attendant disadvantage, yet to see many advantage thereof if u sincerely ask me, that State so congested and nearly busting in her seams . . . . . .

. . . . seems the powers that be out here weren't a big fan on my last few comments to the High Chief of Nairaland and one of his minnows banned me for wanting to inciting you guys for what? . . . .may be carrying out a mutiny or something.

They really do take this sites/comments so serious more than they should if u ask me . . . . . but with the upward trajectory of this tread many more minnows will be banning folks . . . . .and yeah deleting our well thought opinions on issues too.

Not in me to plead after all there is a few good library of names to bounce back with so ain't moved.

Any way InterloperX5 is the new kid on the block . . . . .hahaha