₦airaland Forum

luluosas:
Cry me a river

K

xevove2061:
I dont get, Is Tinubu the governor of Lagos State?

They how come do blame blame him for the non existent Lekki massacre?

Babysho:
It is not rubbish, it's your country's economic history and it's in a book. I totally understand where you're coming from, you also want the best for our country like I do but if you're not careful, you'll miss it!

Concerning Tinubu, Eko Atlantic is a very laudable initiative but it still doesn’t do anything for you and I. It only puts more money in the govt pocket but that revenue needs to go into quality schools, important infrastructure, affordable housing, into us! I hope you understand what I’m driving at.

Concerning free education? It’s a facade. You dare not take your own kids to public schools. You don’t even know how much good education cost in the west.

Infrastructure is lacking heavily for a population of 20m. Have you seen the wait time at the BRT? It’s insanity. There is no reason why we shouldn’t already be using rail like Addis Ababa of 5m population and even lesser revenue. It takes only 7 years to complete even complicated subway systems in saner cities.

Concerning Tinubu's IGR? Lollll!! No city in the world uses IGR to brag. It’s mostly just tax! Let me explain what Tinubu’s IGR meant. He increased tax on individuals and private companies which are mostly foreign companies. In turn, these companies simply increased the cost of their services and products they were offering poor Lagosians. These meant Lagosians had to work harder which reduces HDI, BUT this is not a bad initiative, ONLY IF the proceeds of the tax is used to increase the standard of living of the proletariat which Tinubu did not do as seen in the HDI, in our lives.

If you really want to see Lagosians' standard of living for what it is, quit looking at the flashy things like the G Wagonz of oil companies CEOs in Lekki/VI or the things you strived to acquire yourself and then look at how LASG has helped you protect these things.

A man that said education is not for the poor can't be compared to Tinubu who provided free education.

Babysho:
I see.

The economic development you see in Lagos today is as result of a something called OPPRESSIVE CAPITALISM that was kickstarted in Lagos when Nigeria was a colony. The same reason why Europeans chose to exploit Nigeria through Lagos, is the same reason why foreign investment troop into Lagos; it’s strategic location - which has now given it economic history. And this has nothing to do with the governors. Whatever development you see in Lagos is private.

For the government, one of the tools in which we can measure government performance is HDI. The tax from the private sector/foreign investment can be used to improve human development through life expectancy, standard of living and education. If you live in Lagos, you’d know that all of these are terrible. Life expectancy is 61 years(difficulty in transport, traffic gridlocks, insecurity etc), standard of living of the proletariat is low(no housing, no water), the sch system is so bad, public sch teachers don’t send their own kids to public schools. Concerning healthcare, Tinubu still flies out for basic check up. What Tinubu knows how to do best is find the loopholes in govt.

If Abia, Zamfara or Benue was in that location, they would be the Lagos of today irrespective of the governor.

In conclusion, using HDI, there are definitely worse governors than Lagos state governors but you must be able to measure the ratio of the state’s history, factors of production, strategic location which all defines their ability to create revenue and then the revenue to the HDI. Lagos revenue is not matching human development at all.

Don't get me started on Tinubu's corruption allegations because I suspect it is the cause of the redundancies in human development in Lagos.

All those things you wrote up there are rubbish..

If you believe Peter Obi was a better governor than Tinubu, then there's no need arguing with you.
Farewell.

Babysho:
You can see CONSCIOUS EFFORTS by Peter Obi in Anambra geared towards bettering the lives of the people of Anambra through HDI.

I do think there are several aspects he could have done better as governor but overall, he's still the best candidate by a large margin.

Who do you think is the best candidate and why?

If we judge the top 3 candidates by their track records when they were in Government, even you cannot claim you don't know who would win.

Babysho:
Not true but it doesn't matter. We know we can have it all. We can have infrastructure, a stable economy and a govt rid of corruption and that's what we'll get in Obi.

Like what Anambra people enjoyed under him abi?

Go to Facebook and you'd see some idiots saying it was because Peter Obi talked about power that is why Federal Government built this dam.

Peter Obi joined LP in May and started making noise after then. So those foolish people believe that federal Government started this dam in May 2022 and completed it in October 2022 because of Peter Obi.

Same thing some foolish ones will say in December when the PH refineries start production.

tctrills:
Please mention just one county that took loans to build infrastructure and the infrastructure paid for itself.
You would not find any examples of such countries in the last 50 years

Ok

do4luv14:
OK now your write-up is why some fail Business Studies, And Economics, Sir you knew Business indeed,

Is it The same Dangote That was Given tax waiver, And Enjoyed numerous benefits From paying taxes, Not to talk of the FX Own, Or is there Another Dangote

I don't talk with my Emotions, what I said is/was fact, Go and do your research, before quoting me, Tankiu

Dangote has paid tax of N14 billion to the Kogi State alone for his cement factory.

Dangote pays tax.
Bye

quentin06:
So they are not even building it for Nigerians!! They re building for Ghana, and we get to foot their bills? This is crazy, no wonder we have fuel scarcity , most of these petroleum products are going to other African countries, and we re left to pick up the bills in high cost of fuel diesel and kerosene. ,

Slowpoke..
The Dangote refinery will refine fuel for Nigeria as well as Ghana and other African nations.. Learn to have the full idea of something before you speak.

That way, intelligent people won't see you as stupid.

Oddfinder001:
Yes o.. there's already an agreement btwn the fg and dangote as regard ur 1st statement. Dangote will get crude below market price.

Getting it below market price should be a good thing if you're not a witch.
It will make his refined fuel cheaper.

If for example let's say Dangote buys a barrel at the official price of, let's say $102, and the costs of refining that barrel is $20, he would have to sell back that barrel for $127 (including profit) and filling station will add their own profit. And you and I will buy that barrel for $130.

But if he gets the oil below market price of, let's say $85 and he refines it for that same $20, he would sell it for $107. Filling station will add their profit and me and you will buy it for $110.

So unless you're a witch, Dangote buying crude oil less than the official price should be a good news to you.

Taigaban:
But before now Nigeria had four Refineries that were running, why did we not attain the status of the most industrialized black Nation?

Our love for cheap things killed the refineries.. Money that was supposed to be used to make the refineries work were being used to subsidise it for us.

do4luv14:
I though I was the only one that see it so, Just as those PHCN, And their people, Are constantly bleeding us of our hard earned money, Without reasonable Lights,

That's how I fear for This too, Dangote other products, are costlier at home here, But Cheaper in other countries,

It's as if they are making us pay for the shortfalls of Those other countries,

The Dangote workers working in those other countries do not receive the same pay as Dangote workers here.
The taxes he pay to their Government isn't the same as here. Dangote expenses in those countries is smaller compared to here. Hence things will be cheaper there than here..

Or you think Dangote will sell his cement in America for the same price he sells them here. By the time he calculate his workers minimum wage, taxes, etc, the price of his cement in America will increase..

It is not everything you talk about with emotions.. Learn to think things through..

luluosas:
This is a single individual building a brand new refinery from the scratch, yet government with huge resources couldn't maintain her 4 existing refineries. Who do us in this nation?
Honestly, Nigeria has no business in oil importation, but because of high corruption in high places, they left the oil sector to die so that they can feed on the huge returns from their corrupt practices through importation of oil. What a country!

Thank God that Obi is coming

Try not to be talking with emotions and learn to use your head.

Dangote is a single individual alright.. But he's not the one building the 2nd Niger Bridge, Lagos-Ibadan expressway, Kano-Maiduguri Road, Nnenwe-Oduma-Mpu road, Construction of Ikom Bridge in Cross River State, rehabilitation of Nguru-Gashua-Bayamari Road, `construction of a two-lane Bridge over the Cross River at the Cameroon-Nigeria Border, rehabilitation of the Ikorodu-Shagamu road, expansion of Abuja-Keffi dual carriageway, rehabilitation of Keffi-Akwanga-Lafia road project valued at N101.1bn, completion of the construction of the Chanchangi bridge along the Takum-Wukari road, Rehabilitation of Onitsha-Enugu Expressway, Rehabilitation of Sections 1, 2 and 3 of the Enugu-Port Harcourt Road.

Dangote is not the one paying more than 22,000 graduates currently benefiting from N-Power scheme in the Southeast alone, receiving a total of N679 million in N-Power Stipends monthly.

Dangote is not the one paying the army, navy, airforce, police, customs, immigration, EFCC..
He's not the one paying for all those fighters jets, helicopter and military weapons.

Dangote is not the one building the Zungeru power plant, and other dams and power stations in Nigeria.


Neither is he the one paying all the federal workers, including lecturers, teachers, airport workers etc.

So please don't you compare Dangote and FG..

Fiscus105:
If u truly understand Nigeria financial predicament, you wont talk as if Nigeria is a Russia.

I'm very sure you are ignorant that CBN is print naira recklessly and that, naira is everywhere, devaluing every hour.
I will also advice you to educate urself one of of the reasons CBN wants to redesign naira.




Bye.

Actually, you're the clueless one here. Ghana and other African countries will start demanding our naira to buy refined fuel, and the excess naira in Nigeria will reduce..

This is more of common sense than economics.

CSTRR:
This dangote better satisfy the Nigerian market, first.

The supply should so much that the prices crashes in Nigeria.

Any artificial supply controls should be resisted by the govt.
It's our resources.

You can't use our crude to satisfy your thirst for foreign dollars at our expense.

Actually, you shouldn't expect fuel price to crash. Rather it will increase.. This is because fuel subsidy will finally be totally removed.

Tannhauser:
The viability and economic importance of Dangote refinery simply proves that the failure of Nigeria's refineries were acts of deliberate and criminal sabotage sustained over several administrations, military and civilian.

There is more t the destruction of Nigeria as a nation than meets the eye.

The failure of our refineries were caused the fuel subsidy.. But we thank God Buhari will put an end to fuel subsidy before he hand over. This will be the best news for the next President whoever he may be.

alexsniz1:
Another benefits to other African countries while we suffer.....


Meanwhile contact me for your car AC troubles in Abuja on zero eight zero three five six one zero four three five

Fuel subsidy benefitted other African countries while we suffer. But with Dangote refinery, PH refinery (which will start production in December) and the Kaduna refinery (which Bubu just signed a MOU with South Korea for its repair), Nigeria will start refining our oil and fuel subsidy will end..

Definitely, fuel price will increase but the money we spend on subsidy will be spent on better productive things..

tctrills:
That's what Argentina said. We are not seeing any evidence than Nigeria would be different.
In 2008 when China began the massive construction of tail, the told the world that the project would pay for itself. Today, the project is running at a loss.
Nigeria is more corrupt than these countries so why do you think Nigeria would do a better job.

Argentina is not the only country that took loans.. There are other countries that took loans and are better for it..

I believe in division of labour.. While you see only the bad aspect of taking loans, allow me to see the good part biko.. Bye bye yo.

Fiscus105:
Hope you guys will be paying Dangote in dollars o.

We want our FDI to jack up ok.

It has been said before that African countries buying fuel from Dangote refinery will pay in Naira.. That way, naira will begin to get stronger, as it will be in more demand..

This should be a goodnews to lover of goodness.

dominique:
Once again other African countries will enjoy his products at cheaper prices while we'll have to pay through our noses for same. Can't wait!

Currently, fuel is cheaper in Nigeria than Ghana.
With Dangote's refinery here, fuel cannot be more expensive in Nigeria there than Ghana that will import from us

The unpatriotic Nigeria that love to rate Ghana over Nigeria, food don done o..
Foolish Nigerians that say Ghana is better because cedis is stronger than Naira but don't know cedis is also stronger than the Japanese yen and South Korean Won.

Exchange rate doesn't make a country bigger or small than the other.

tctrills:
Yes what about Egypt. First Egypt does not spend 92% of income on debt servicing neither does America.
The Nigerian government had a revenue of 9 billion dollars last year while the Government of Egypt had a revenue of 67 billion dollars. Clearly Egypt is in a better position to service it's debts.

Even at that Egypt is in danger of not being able to service it debt. The IMF has warned Egypt about taking further debt.

America spends 9% of government revenue on debt servicing. You must agree with me that this is much more healthy.

Secondly even in America we don't have any example of public debt paying for itself.

Nigeria will use loans to position itself to get more revenues to pay up it's debt.. It will happen and you'll see.

tctrills:
We can't continue to do foolish things and hope all will be well. We should learn from history.
The Greeks thought the same when they were borrowing
Pakistan said the same thing.
The worst part of this foolishness is that we have so many unfinished projects and the funds have run dry.

What about Egypt, America etc that borrowed and are better than they were? Nigeria will be better..

Uchek:
But you had the chance to solve the wicked consequence of theBerlin Conference in 1967 when Igbo seceeded from Nigeria. Sadly, your Yoruba kinsmen fought against that chance.

First the Igbos, through Azikiwe stopped Awolowo peaceful way of secession, when he wanted included in the constitution, a secession clause. That way any region that wanted out of Nigeria could do so peacefully and constitutionally.. But Azikiwe, in his short sighted greed of ruling over all of Nigeria frustrated Awolowo and made it treason to secede.

2ndly, the Igbos, Ironsi and Ojukwu, were the first to bring back a region who tried the secede. Adaka Boro broke away the Niger Delta Republic from Nigeria and formed a country. Then Ironsi ordered Ojukwu to bring back the ND forcefully back to Nigeria.
Adaka was caught, stripped naked and sentenced to death for treason..

You Igbos made the bed. So you must lie on it.

tctrills:
No, it would be your job to list projects that paid for themselves. I am listening.
Even in china, the multi billion dollars rail project build from 2008 is running at a loss. If the Chinese can run rail profitably, you think they would build profitable rails for you?
You seem to be very short sighted. What is the worst that could happen if you default?
You lose international credibility. That means no one would loan you money when you need it.
Your currency continues to be devalued.
China would have all kinds of economic leverage over you.
The billion dollars project would begin to face decay as the Chinese would not run them at a loss.
Investments in your country become more risky as your central bank and monetary policy would become extremely weak.
The investors you were hoping to invite would not be comfortable investing in your country.
You would also have lost of abandoned projects as the funding would dry up. This is already the case in Nigeria. The Chinese have stopped funding our rails since January this year.

Be pessimism all you want..
Nigeria loans will pay for itself

ghiloman28:
As much as this is laudable Lagos traffic and nonchalant attitude of average Nigerian man working in government office will melt it down.

The traffic is really a big issue. But then Lagos is smallest State in Nigeria, yet it has the highest population.. Traffic is really going to be a big issue..

But I'm sure things are being done to make things easy.

Felixamos:
No be must say you go speak English but no worry sha I understand your question. Writing a simple English sentence is difficult right ?

My answer is no. I've not benefitted directly from Obi but the plans that guy is coming with, when him win no be only me go benefit but all Nigerians.

You even understand the meaning of benefitting directly from tinubu or you just wan claim wetein you no be online ?

The real big man na offline oh!! So you get your own property for island? I know say you go wan answer yes too ..

Man! You no gats dey lie to me oh! I no know you and you no know me. You hear?

How did Anambrains benefitted from Obi?

Felixamos:
I no go argue with you on this sha. But I believe we can both agree that he has benefited or will benefit from tinubu directly(hence the blind followership) yeah?

Can you say the same thing for yourself? You wey be poet

Every Nigerian will benefit from Tinubu's presidency just like every Lagosians benefitted..

Tinubu is the best man for the job

tctrills:
Your first statement shows you really have very low understand of our economy.
You did not even quote a single data to show that Nigerian investment is growing.
Could you please list the investments under Buhari so we can compare with other governments.
Then again you retold the APC lie that oil revenue reduced under Buhari.
You APC guys forgot that oil was rarely up to $40 under Obasanjo.
The average price of oil under Buhari was above $60. The lowest price was $30 during the first 3 months of covid.
The average price of oil under Yaradua and Jonathan was $80.
So if you do your maths, oil was more expensive under APC.
The idea that projects would in time pay for themselves is actually a lie. Below are a list of countries where projects did not pay for themselves.
1. China's extensive rail project.
2. Sri Lanka's infrastructural projects
3. Brazil's massive projects of the 80s and 90s
4. Argentina
5 Pakistan
6. Greece
7. Spain
8. Italy
9. Portugal
Do you want me to go on?

Yes I want you to go on.. You only stated projects that didn't pay for themselves but in your pessimism failed to listen projects that pay for themselves..

And also, what's the worse that would happen if the loan default? The Chinese will take over right? But it wouldn't still matter, because it's still Nigerians that would be using the trains, airports, refineries etc..
It is still Nigerians that would be employed.. So if e reach that stage make e reach...

CoronaVirusRelo:


No incumbent governor will decamp to Labour Party. Not even ONE politically influential person will decamp to the party.

The party cannot hold, and does not stand a chance of upsetting APC and PDP. The margin is wide.

Labour Party will die a natural death after t
Peter Obi loses the 2023 general elections.

nothingspoil70:
We will like to know the owners of these prefered bidders

The names of the companies are clearly stated. It is now left for you to research about them.