₦airaland Forum

manny4life:
Having gone through some of the post on here, while I'm impressed at some people thoughts, I'm alarmed (though no surprised) at some people's reasoning.

There is no government that will be financially stable if it doesn't embark on capital infrastructures. Infrastructures encourages investment (business or companies), which in turn creates population and in-turn creates revenue for the govt. However, one has to be "prudent" when embarking on massive loan takeout and if you're going to take loans, use it for revenue generating activities ONLY. Monorail is important, however, it's NOT financial sensible to embark on such expensive projects. Why not start out small, yet efficient? Why massive project that is enough to bankrupt a state? Monorail do not pay back their expense until another 15years or more down the road; so for now it does not make any financial sense to embark on it.

Smilenw:
Yes, you have a huge problem and you must end your relationship at once. The problem however is not the man, but you yourself. You yelled at a man in public and shamelessly passes on the blame to him of being an angry man. How exactly do you expect a man to react when yelled at , at home or in public? As if that was not enough, you still go on to blame some poor couple who passes by for your boyfriend's reaction ! How foolish can you become? You have all the qualities to make not just this one's but any man's life a living hell- anger issues, passing the blame on whoever comes across your way, making a mountain out of a molehill, failure to accept your own problems - go work on all of it and only then think about marriage !

N.B: Please work on your English as well, it is HORRIBLE !

Sun of god:
GEJ,

Please resign . . .

Onlytruth:
@jason123

I think your idea is tantamount to building a pyramid upside down. A state has to demonstrate self sustainability first before it can be allowed to borrow more.
Permit me to remain skeptical. My people say that " a person once stung by a bee, always flees at the sight of a mere housefly!". Nigeria was once HEAVILY INDEBTED, until God saved us through auntie Ngozi. We should flee at any suggestion of another debt burden.   I don talk me own o!

Onlytruth:
Posted by: jason123
So, what would you say if my state Anambra borrows $10 billion to develop Anambra state, and all other states does the same, we would end up with $360 billion national debt. Who would pay it? We couldn't even pay back $36 billion.  
Do you think any state would agree that it is "small"? How do you measure this your "big" states?

jason123:
What makes a state big? Diversity in people and economy, and sustained investment; and may be,viable natural resources which may come in terms of Sea ports, Crude Oil, Gold et.al.

For example, a state like Taraba or Gombe, we all know, cannot be viable, no matter how you look at it.
Yet, we both know that states like Rivers, Anambra, Delta and Lagos will forever be viable. Why is this so? Because the ticked the criteria above.

In my opinion, these states will always need capital projects to promote Nigeria because they are "Nigeria".

I just hope I conveyed my message to you better.

Onlytruth:
Posted by: jason123
Obviously, you are entitled to your opinion but I wonder what makes one state "big". If I wake up and decide to dream big and hope that the rest of the country would bail me out (through the FG as you suggest here), then, you would have 36 "big states"! lol. You are not making any sense my friend.

Onlytruth:
^^ Meanwhile the state should be lending money to other really poorer states like Ekiti. lol

Onlytruth:
Supposing oil prices crashes to $30 per barrel, how will Rivers pay back almost $2billion or more?

Onlytruth:
Posted by: jason123
I think you missed the point completely. We are not talking about "big" or "small" states. We are talking about broke or economically prudent states. lol.
Nigerians are easily thrown off balance by megalomania. If Rivers is not broke we won't be having this conversation.
If Rivers has to borrow N250 billion, how will the state pay for it? And borrowing is always addictive.
Who will pay these HUGE debts?

Onlytruth:
hahaha! I can see that some Nigerians are really struggling with the simple sense behind the points we are making.
Nobody said that government should not embark in "big projects". What we are saying is that they should be planned to be sustainable. In fact it should be planned like a business. If you cannot clearly envision where the funds will come from apart from FG, then you may want to rethink it because Nigeria's oil will finish one day. In the US here, high speed rail has not been implemented at the same scale desired simply because most high speed rails are not self sustaining. They are subsidized. So, it is waiting for now, lol. I wonder why a poor Nigerian state is busy borrowing left right and center to implement monorail. I can confidently say that it won't pay for itself! No be naija?

Rossikk:
I can't believe some people here are dissing the monorail systems springing up. What the hell is wrong with providing modern, affordable transportation to the masses?

afam4eva:
lmao

Who in his right senses would want to grab a cup of coffee with Fstranger. Except you want to be Fstrangled. There are so many crazies like Fstranger on Nairaland.

afam4eva:
lmao

Who in his right senses would want to grab a cup of coffee with Fstranger. Except you want to be Fstrangled. There are so many crazies like Fstranger on Nairaland.

PointB:
@JASON
free and fair is relative. Hence relative to the past election in Nigeria 2011 is the freest and fairest. That shld settle the argument.

I don't know the number of hausa in the SE or how many of the turned out to vote, or if they even migrated to their different state to vote. But let me even ask u, how many relative do you have in the south east for starters? I know how many relatives i have far and wide in Nigeria.

Indeed election in Nigeria is always a matter of sentiment. Besides people vote for the man who draws close to them. Something buhari failed to do in the SE. It will be silly for him to expect any substantial vote in places where he had not even visible poster. That said, the underlying reasons why he lost so woefully in the SE is a matter for academics research. Speculations as per tribalism as the core motive is malicious and self serving. Or perhaps a way for losers to console themselves. Either way, GEJ is the president and i am sure he is doing his best.

PointB:
^^^
@Jason
You don't have to be so sad. GEJ is much a better president than Buhari, I say this with deepest conviction.

PointB:
@Jason
that is to say u conducted an exit poll at the polling station.

my fair suggestion to you is that, not every one believe in Buhari as u did. The earlier u understand that the earlier u know why he lost.

PointB:
Jason, GEJ is president of Nigeria, not of ijaw, igbo, hausa, or Yoruba. He is not going to favour anyone over the other. Fairness is the concern here. Get over your tribal myopia already. The world has moved on.

PointB:
People who voted for GEJ voted according to the need and conscience. It is very pathetic that due to myopia, self conceit, arrogance, and what have you, many of you have decided to be the judge of why the other people voted. Your inability to get over the fact that GEJ was voted by others for good reasons make you lots pathetic. Keep kicking at yourselves, while the rest of us move  on.

asha 80:
sorry but this post reeks of contradiction.

alj_harem:
^^^^^^^^^^^^^

why are you this tribalistic. Na wa o ezeuche

PointB:
True I see the tribal angle:  an itsekiri not happy to see his sworn enemy - ijaw as a president. Pathetic!

PapaBrowne:
Warri is definitely better than majority of the cities in Nigeria. Infact asides Lagos, PH and Abuja, I don't think there is any other city with the quantum of prosperity that avails in Warri.
Warri has the second highest per capita GDP in Nigeria after Abuja.
Warri is a multi billion dollar city with huge investments employing tens of thousands of people such as the Delta Steel Complex, Warri Refinery, EGTL and a host of others.
Warri has the highest number of hotels per capita in Nigeria after Abuja- ie number of hotels per population. The number of new hotels springing up on a daily is a sign of the economic prosperity that pervades the city! The new Protea hotel in Warri is not only the best Protea hotel in the country, it is definitely one of the best boutique hotels anywhere in West Africa. And guess what, despite the cheapest room being almost 40,000 naira per night, the hotel experiences more than 70% occupancy rate.
Warri is definitely one of the best cities to live in Nigeria. Salaries are high. Jobs are many compared with most Nigerian cities. Economic activity is robust!

Now, this is for all the haters:
Warri is better than all the cities in the south west. Whether na Ibadan, Osogbo,Ogbomosho,Ile-ife, Akure, Abeokuta, Ado Ekiti et al .I've been in many of these places and I know. In fact many of these cities would be third rate if they were in Delta State as they can't compete with even Asaba.

To put things in better perspective, the city of Warri alone flies more Air passengers than all of the 5 South West states combined. That is despite the fact that there are 3 other major airports within a 3 hr radius- Benin, Asaba, PH.
Lagos is not classified as a south west state.

Warri is better than all the cities in the North Central- Ilorin, Jos, Makurdi, Lokoja, Okenne you name it!

Warri is better than all the cities in the North East- Maiduguri, damaturu,bauchi,Yola, Jalingo, just call am!! Warri better pass!

It's only Kaduna and Kano in the North that can do any competition with Warri.

In the South East there are a couple good cities like Enugu and Owerri so I would leave out the south east from my comparisons!!

Warri is a lovely city and Wafarians love the city!
Uduaghan started well but appears to have lost focus. But to classify him as one of the worst Governors in the country is taking it too far. Even Oshiomole who appears to be working has actually worked on only about 4 roads in the whole of Benin! The roads in Benin City, which happens to be the home of my ancestors remains worse of than those in Warri, despite the fact that Oshiomole is said to be working!

I would be adding more beautiful pictures soon for the haters to keep hating!!

Sun of god:
So our corrupt judges will do a better job?

Afterall they are experinced at carrying out 'Audits' and 'Investigations' into public finances.

smh,

(Bring back Ribadu - That 'Aboki' has my respect - He was bloody effective)