WizardOfNG: Please shut up. Are they linking this to Atiku, they are backing to be President, as they link everything to Tinubu including things that have nothing to do with our President?
but I thought one of tinubus achievements so far is giving states and LGs more money?
is this not tinubus achievement being showcased in the story?
Glitcher: I don't want to go in circles. If your issue is with the high cost then you should state that clearly. I do not refute that, if it is against the project then that's where we disagree. Even if the budget is padded it doesn't matter much to me, it is the project that matters. It should remain.
Glitcher: it's the same amount per kilometer that was used to construct other roads in the country.
what is the cost of a kilometre of road in nigeria?
what is special about the proposed road that makes it to justify the huge cost as acknowledged by you?
blamingthedevil: Cry me a river. How do you identify a governor, is it not by name?
God Bless Rivers State God Bless Federal Republic of Nigeria
not just by name but by his commitment to the constitution that created the office, his loyalty to the people on whose behalf he occupies the office and his ability to fulfil the oath he swore in 7th schedule of the constitution.
Glitcher: I hope you know the cairo-cape town road is not a new road? There is an already existing road network. The funds is for road expansion and reconstruction, this should normally cost less compared to a newly constructed road.
what is the cost of a kilometre of road in nigeria?
Glitcher: T[b]he amount for the other roads and railways were published in dollars but this was in naira[/b] to trigger the emotions of the easily manipulated Nigerian.
The media is a big problem in this country.
which currency do you see below?
Lagos-Calabar Highway Costs 7 times more per km than Pan-African Cairo-Cape town route.
1. Nigeria’s Lagos-Calabar Coastal Highway, a 700 km highway.
Budget: $11–13 billion
2. Cairo-Cape Town Highway, a 10,228 km Cairo-Cape Town Highway
Budget: $1.65 billion
the difference between 10,228km and 700km is 9,528km?
how is a 700km new road 7 times more expensive than a 10,228km road just because it is new?
The FG should ask the Mobile Phone Companies to supply the Phone numbers and the names of their Registered Owners of all the Mobile phones that entered into that location together from elsewhere just before the time of the attack and that were there for the duration of the attack and the details of those mobile phones current locations !!
FG should then liaise with Cameroon military to arrest those people in possession of the phones
The Mobile phones of the attackers can be used to trace them even without the SIM card inside using their phones IMEI
DeLaRue: People just don't understand how government borrowing works, and why borrowing is needed.
There is no country in the world that is not borrowing on a regular basis. Please name one country, if you know it. The countries that are not borrowing are probably unable to borrow because they have poor credit standing.
The USA, France, Germany, Italy, Japan, South Africa, Kenya etc are borrowing on a regular/monthly and in some cases, weekly basis.
For a developing country like Nigeria that has far more need for infrastructure that will underpin the economy 10, 20, or 30 years time, you need to borrow now, to undertake the infrastructure now.
Mr Dangote borrowed billions of dollars to build Dangote refineries. The fact that you have money in the bank does not mean you should not borrow, if you need to borrow to invest in projects that your own money is not enough to undertake. That explains why the richest people in the world are also big time borrowers. Norway has $1.7 trillion dollars in the bank, making it probably the richest country in the world, but it is still borrowing. Saudi Arabia is a heavy borrower despite having $1.2 trillion in the bank.
If you don't borrow to expand, you will be stagnant, and other people will leave you behind.
What is important is that you use borrowing for good projects, and you can afford to repay it. The good news is that Nigeria can afford to repay its loans.
And with government revenues rising exponentially, there is room for more borrowing provided it is used for beneficial projects, and the new tax law coming into effect next year will bump up government revenues to levels that Nigeria has never seen in its history.
Don't let opposition politicians deceive you with the cries of too much borrowing. If they get in, they too will borrow.
how does government borrowing work?
are you saying that Wale Edun did not know how government borrowing works when he said this below?
Glitcher: it's the same amount per kilometer that was used to construct other roads in the country. The amount for the other roads and railways were published in dollars but this was in naira to trigger the emotions of the easily manipulated Nigerian.
The media is a big problem in this country. This coastal road is one of the best if not the best project by this terrible administration.
what is the cost of a kilometre of road in nigeria?
Lagos-Calabar Highway Costs 7 times more per km than Pan-African Cairo-Cape town route.
1. Nigeria’s Lagos-Calabar Coastal Highway, a 700 km highway.
Budget: $11–13 billion
2. Cairo-Cape Town Highway, a 10,228 km Cairo-Cape Town Highway
Where did the "them" go to and where are the "them" coming from?
Should this coastal road be used to ease traffic congestion in all other areas of Lagos where there is traffic congestion?
If traffic congestion is the reason why there must be a new coastal road from Lagos to calabar, apart from Lagos, are there any location within the Lagos calabar corridor where there is traffic congestion?
Where did the "them" go to and where are the "them" coming from?
Should this coastal road be used to ease traffic congestion in all other areas of Lagos where there is traffic congestion?
If traffic congestion is the reason why there must be a new coastal road from Lagos to calabar, apart from Lagos, are there any location within the Lagos calabar corridor where there is traffic congestion?
naptu2: Yesterday confirmed something that I had previously written (I'll search for my previous post later).
I told you that the opposition to the Lagos-Calabar Coastal Road is purely political. I told you that years ago, when it was politically favourable, many of the same people that are criticising the construction of the road were actually criticising government for not building the road (this was in the period from 2006 to 2014). I also told you why they criticised government then.
They condemned government because they said that there was only one road into and out of Lekki. The Tinubu and Fashola administrations decided to expand the Lekki Expressway and people said that they were stu pid because they couldn't see that what was needed was another road. They said that the Coastal Road and Fourth Mainland Bridge should have been built instead of "Just adding one lane to Lekki Expressway".
Later, when the expressway was being tolled, they said that government should have built the coastal road before tolling the expressway.
Well, yesterday happened.
There was a monster traffic jam yesterday evening when I left the hospital. I gathered that it affected the eastern part of Victoria Island and the western part of Lekki Peninsula. It was partly due to people leaving their locations at the same time after the heavy rain that fell yesterday morning and afternoon. I was reading reactions while I was in the traffic jam.
Go to Twitter and you'll see some of the people that said that the Coastal Road is unnecessary. You'll see them complaining, insisting and appealing to government to open the completed sections of the Coastal Road. Some of them were able to go past the barriers and use the road anyway. These are the same people that say that the road is unnecessary.
See the reactions below.
Photo: Screenshot from a dashcam video of someone that used the Coastal Road yesterday night.
Should this coastal road be used to ease traffic congestion in all other areas of Lagos where there is traffic congestion?
If traffic congestion is the reason why there must be a new coastal road from Lagos to calabar, apart from Lagos, are there any location within the Lagos calabar corridor where there is traffic congestion?
ElSudani: Not everyone will benefit at the same time. Some are investing right now and making huge returns. What you put in will determine what you get out. If you've invested nothing don't expect too much.
are you one those investing and making huge returns?
If your screenshot says that forex reserves was over reported under buhari administration, what is the guarantee that tinubu is not continuing from where buhari stopped?
aribisala0: When you don't know what people are talking about be humble Don't pretend to know what you Don't with strong head
If you hear that Zenith Bank has 10 billion in reserves and That Mr A owns Zenith Bank that does not mean Mr A owns the reserves or that he can spend them
The reserves belong to the Central Bank as assets,the Central Bank has liabilities too The Naira is a CBN liability just like a bank statement with Zenith Bank The reserves belong to you and any other person that has Naira
Naira is merely evidence that you have something of value with the Central Bank
If you go abroad and want to spend your Naira you draw on the reserves
If the CBN has no reserves the Naira is just paper Which is what happened when Buhari was printing all that money and why the Naira crashed
Are you responding to a comment made or a question asked?
If its a question, how does all you said answer this question....
Since you understand basic economics, what is there to celebrate about increased forex reserve if tinubu is still on a borrowing spree?
Lithiumite: Life is not just about rice and beans or garri,this info makes sense to the people who are above your pay grade and are making the best of the opportunities available to out there.....keep crying common man while your mates dey cash out.
Are you one of his mates that are cashing out?
How much have you cashed out?
Section 14(2b) of the Nigerian constitution says that "the security and welfare of the people is the PRIMARY PURPOSE of government".
Which means that everything government does and should do, should result in improved security and welfare for the people of Nigeria.
So how has soaring forex reserves resulted in improved security and welfare of the people of Nigeria?