₦airaland Forum

Cognitivereason:
you are confused

dont compare a private refinery project to government projects..

mention one single government project funded by loans that has every generated enough money to pay back that loan in 100 years..
mention one am waiting

hypocrite..but when buhari embarked upon loans ..you never for once thought if they are borrowed to make more money

a state with IGR less than 30bn yearly. a figure that can cater for it recurrent expenditures wants to borrow 100billion at once. and ur talking non sense cause it over hyped Soludo...

same way they Hyped Obaseki..Edo no be Lagos..Mention one notable project of Obaseki's adminstration

Do a detail study of all the borrowed loans

Cognitivereason:
lol.. use N100 billion loan!! to make money..

Nigerians are amazing abeg

is Dangote not borrowing more than 100 billion for his refinery to make more money?

You're really an amazing folk yourself.

socialmediaman:
This is naive criticism. The track record of the person managing the infrastructure matters when borrowing money. For example, I won’t approve a 100 billion loan for Buhari or Tinubu but I will for Soludo or Akinwumi Adesina or Okonjo Iweala because they have track records of good money management

You are just incapable of hiding your hatred for Tinubu. So Tinubu doesn't have track record enough for you to support him borrowing 100 billion naira loan?
If Tinubu doesn't have any track revord, then no one else does.
What you're saying is no different from what the average white racist person would say. "I'm not racist. My best friend is black"

Arysexy:
80% are you drunk?

So what did Ngige and Obi do? 20%

If Obi left debt and empty treasury for Obiano, would he have been able to do a single project?

Aside the Airport, Conference centre, and flyover at Awka what else did the drunkard do?

No road constructed. Go to Anambra today, all roads are full of potholes bc he could not even patch any road

Why should he do all those when infrastructures doesn't run an economy?

ZeroChil:
Take your frustration somewhere else, no be me give you smoke. I don't know why you are ranting. I only corrected someone who said Soludo already borrowed 100b in his 100 days in office. Do you have a problem with reading and assimilation? I said I don't like debts, what's your own with me not liking debts? Do you want to force me to like debts? Better have a word with yourself.

You are the one quite frustrated and bitter here.

How was your night? Hope you had a goodnight sleep?

Reference:
If he wants to gain traction he must ensure this so called infrastructure investment must be business oriented. Either one that will directly generate revenue or cut own cost of doing business.

However if it is social infrastructure then he MUST go low budget/direct labour so that the youth an small business are empowered, those he will hope to tax tomorrow to sustain social programs.

He should look at the Ebonyi model an avoid big ticket construction companies that will either end up paying half that loan as dividends to fat cat directors in some far away land or worse still contribute to more capital flight, further putting pressure on the naira.

We should start an era of development when we learn to do things for ourselves on shoe string budgets. That is the way the Asian tigers got their roar. China was not built by Julius Berger. We have oil but we are not Saudi Arabia. Nigeria must cease to be a contractors paradise unless poverty will never leave..

Sometimes we talk with emotions. I'm sure if you were to invest millions of dollars on your company, you would employ the service of a company you know are very well capable of building that infrastructure and not on a company that will do it cheaply because they are your people.
China have been in existence for thousands of years and in those years have built up the needed skills to develop their country themselves. So comparing them with Nigeria is not fair.
Depending on what you want to invest in, there are Nigerian or international companies to choose from. You can't use Nigeria companies to build dams, regineries, railways or other super structures for now. Rather, you ask those companies to employ the services of Nigerians so they can teach them on how to do those things themselves.

ZeroChil:
He seeks approval to borrow. I'm against borrowing 100 percent though. Debt is bad.

You think running an economy or running a big company is the same as running a two by two shop abi?

Show me any of the top 100 richest men, any of the countries you wan Nigeria to be like or any of the top 100 bigggest company in the world that is not in debt.

It is impossible to execute some deals witjo debt.

saintkeppy:
.

sacarsm my foot!

That was an obvious sacarsm I used there.. You're just too unwitty not to notice it. You can check all my post on nairaland if you care to.

How can a normal person think that infrastructures doesn't run an economy?

We should stop complaining about who Tinubu's running mate is. The thing is that even if he picked the Pope as his VP, those that don't want to vote for him won't vote for him.
Tinubu understands the reality on ground that he needs a northern Moslim more than a Christian to get Northern vote and he played his card right.

Falconx47:
Na 5m you wan carry buy house with "flats" to be renting? The analysis I made was for a loan of 5m, what can 5m get you in today's economy? Maybe one small car, that's what you'll be paying for for 8years, with 50% of your monthly income, interests not even covered.

In the US, mortgages are being paid for up to 20 years

saintkeppy:
.

Did you just type this with your fingers, you go school at all??

Let me school you

Government provides enabling environment (basic amenities) for business to thrive, thereby stimulating economic growth, it further drive economic activities to the hinterlands, providing goods &services

If a farmer do not have access road to bring his farm produce from his locality to the city, how will he have money in his pocket to feed his family.

Change this your moniker to something else, it doesn't connote your comment.

If you didn't notice the sacarsm I used there then the joke is on you..

David did more than Peter as a Governor.

jmoore:
Simple problems with simple solutions.

Buhari had 7 years to build new and repair old refineries. What did he do? Nothing!!



I guess APC members are the only ones buying at 165 naira.

There's no money for repair or building of new refineries when Nigeria keep paying for fuel subsidy.

The total removal of fuel subsidy is what all well thinking Nigerians want..

Is Akwa Ibom deaf? Haven't they heard that infrastructures doesn't drive an economy?

mrvitalis:
Are Fulanis indigenous to Nigeria ,?

Are Igbos indigenous to Nigeria? They came from Israel.

MedicH:
How old is UAE?

politicians are rubbing a fool blind, he is cutting them slacks

UAE has been in existence for a long long time.
UAE has a population of 9.2 million people and they produce almost 3 million barrels per day.
So there's no comparison.

This still doesn't mean our politicians are not useless.

Foolishbuhari:
At least now you can see you're taking his words out of context; he being someone who's advocated for power to be fixed.

Both you and him are confused.. Do you know why I said that?
Because if it was Atiku or Tinubu that said that, you will still criticize them.

How can someone come out and say road, bridges, housing and other infrastructures doesn't drive an economy?

Favorolasupo:
U are correct...But do you know that the present inhabitants of Egypt are different from the biblical Egyptians?

It still doesn't change the fact that Egypt as a geographical space is one of the oldest Nation on Earth yet still have slums.

He's not a field agent.

LibertyRep:
Sometimes I wish instead of demolishing 'illegal' structures, government should convert them to some other uses.

And if the illegal structure is built on water ways nkor?

Feggie3:
Ogbeni shut up and gettout!!! Is it more than the ones the devil you are supporting have looted? Senseless thing!!

That N250 million was just the one they saw o. Imagine how many N250 millions have gone unnoticed.

VaselineCrew:
I just have this feeling that most Nigerians are wicked and want others to suffer

They always rejoice when bad things happen, like police brutality for instance and they will be blaming the victims.

They vote bad leaders in just so ensure that they and their neighbors will continue to suffer.

Very demonic citizens men, I tell you.

So Soludo is now a bad leader?

Foolishbuhari:
You forget to mention that he said, power, education and HDI are the drivers of economy? Did Egypt begin building these without fixing power?

Fix power, pull people out of poverty and they won't destroy the infrastructure when you build them.

And how is power not infrastructure? The dams and power stations are what?

If you had all the crowd that LP has pulled in all the States so far, it's not up to half of this crowd

The question you should ask yourself is did Lagos got worse under Tinubu or better?

I pity the next President.

NigeriaIsDoomed:
Bro Nigeria is a resource rich country that is cursed with lunatics who are poor upstairs.
Nigeria is fuckin rich and every state has something untapped to export.
Your cursed rulers have been deceiving you and me with that line.
China is more than one billion in population and likewise India, so we don't have any reason for not fixing our basic amenities like light, water, roads, hospital etc.
I gave you an example of how badly our power sector has been managed by our cursed rulers since 1960. Bro is it because of our population that we cannot power our economic hubs, even if it is only Anambra, Lagos, Kano, Kaduna and Ruvers state? What are we saying? This is commonsense!
Infact! Africa is the richest continent on earth but will always remain retrogressive, dark and subservient to other race because it's experiencing a generational cursed.
The land of milk and honey that the greatest book referred to is Africa, the craddle of civilization's Africa, but you are cursed, that is why the Chinese will come to your country, go into your forests, cut some plants and take them back to his country to prepare drugs for you and me to buy.
Ghana has cocoa but earns little from exporting the raw cocoa while spending much to import chocolates from Swiss.
Our rulers siphone our money and take them to the white man land at the expense of their impoverished country.
The black race was cursed, we have to accept this bitter and humble truth.

There are things you'll never know until you get there.

ibedu29:
is BAT the best in south west?

During his time, Yes!!

Maxymilliano:
Reno is just a troublemaker, why bring Obi into the picture ?

Soludo is the governor of Anambra and not Obi. If the demolished structure contravenes the State building code, it's appropriate it's demolished.

And for the alleged assault on the god of man, he probably overreach himself by trying to stop the course of justice and met with brutality from the no-nonsense men of the taskforce

This is what Reno is saying.. Was there any Church in Kaduna or Abuja that El Rufai destroyed that didn't contravened State building codes? But wasn't he criticized?

IgbalodeRaymond:
peter obi is the best for nigeria ooo

Peter Obi isn't even the best in the SE let alone Nigeria.

NigeriaIsDoomed:
Bros how about UAE?
We love deluding ourselves in this country.
Lagos is almost 99 percent slummy and Abuja is still a thick forest outside Abuja Municipal Area Council while you are here making up excuses for our stagnation.
Do you know how rich Nigeria is but has remained retrogressive due to the mentally retarded animals helming the affairs of this country since 1960?
How old is Nigeria, yet she's still grappling with epileptic power supply inspite of the billions of dollar that has been channeled into the sector.
Abeg rest Oga! We have been cursed with evil things parading as leaders.

Tell us how old UAE is? Tell us UAE population and how much crude oil they produce daily...

I've said it before and will keep saying it. Nigeria is a poor country.