then a new Nigeria without the old political holders

mrvitalis:
The truth is Nigeria is a complex mix
..yorubas won't get obi because they are naturally social capitalist like the Norway , Denmark and their brothers

Obi is talking from a capitalist point of view like Germans , Japanese

Infrastructure are good , but are only feel good projects

Lagos ibadan rail can't break even in 100 years ..I'm not saying make profit ...yet u spent $1.5b ok it ...that's 750 billion ...what does that add to our GDP every year nothing

Imagine u take same 750 billion ...call the 10 biggest glass importers ...what would it take to move to manufacturing here ....how much do u want ....work with banks the form partnership establishing 3 glass factory ...that would cost not more than $600m ...u give them $400 million ask them to fund the other $200 million as loan without interest and payment break of 5 years from when they start operations ... payment in the next 10 years

Each factory would employ over 3000 people direct that's 9000 direct over 15000 I direct job

Nigeria glass import is around $1.5 billion a year ...with another $2 billion in west Africa and central African market ,

This would grow our GDP by 3.5 billion dollars minimum , generate a tax of over 50 million dollars per year

Now u still have $1.1 billion

U can do the same for ceramics plates and bathroom equipments ...that's would be less 200 million dollars as loan to the importers can set up 5 factories

U are left with $800 million

Garment factories in aba can cloth Nigeria with $400 million invest ...link the leather producers in kano the shoe markers in aba

Make it easy to transport with police harassment

We can commercialize the rice species we have developed ...$100 million to rice importers can do the magic

$1.5 billion if invested well can generate 5 to 10 billion GDP growth per year

aside this well thought out analysis,our government need to remove the unnecessary bottleneck in our beaucracy in our process. It kill growth either in private or public office

mrvitalis:
The truth is Nigeria is a complex mix
..yorubas won't get obi because they are naturally social capitalist like the Norway , Denmark and their brothers

Obi is talking from a capitalist point of view like Germans , Japanese

Infrastructure are good , but are only feel good projects

Lagos ibadan rail can't break even in 100 years ..I'm not saying make profit ...yet u spent $1.5b ok it ...that's 750 billion ...what does that add to our GDP every year nothing

Imagine u take same 750 billion ...call the 10 biggest glass importers ...what would it take to move to manufacturing here ....how much do u want ....work with banks the form partnership establishing 3 glass factory ...that would cost not more than $600m ...u give them $400 million ask them to fund the other $200 million as loan without interest and payment break of 5 years from when they start operations ... payment in the next 10 years

Each factory would employ over 3000 people direct that's 9000 direct over 15000 I direct job

Nigeria glass import is around $1.5 billion a year ...with another $2 billion in west Africa and central African market ,

This would grow our GDP by 3.5 billion dollars minimum , generate a tax of over 50 million dollars per year

Now u still have $1.1 billion

U can do the same for ceramics plates and bathroom equipments ...that's would be less 200 million dollars as loan to the importers can set up 5 factories

U are left with $800 million

Garment factories in aba can cloth Nigeria with $400 million invest ...link the leather producers in kano the shoe markers in aba

Make it easy to transport with police harassment

We can commercialize the rice species we have developed ...$100 million to rice importers can do the magic

$1.5 billion if invested well can generate 5 to 10 billion GDP growth per year

Well said.

Then there's insecurity. The progress we had in agriculture has been reversed due to insecurity. A lot of people can't go farm again. So what do you use these infrastructures to convey when there's no output? In the end, we revert back to importing finished/processed products.

What about Education? A yoruba adage says "omo ti a o ko ni o ma gbe ile ta ko ta. Meaning a child that is not well trained will end up selling all his parents properties. Without proper education, coupled with poverty, one person will just wake up one day and start destroying these infrastructures.

What about corruption and lack of maintenance culture? All these infrastructures will probably go moribund in the next few years. And then we'll start allocating scarce resources on reconstruction.

Obi don't fight pig Adesina...you will never win even if you win,because he will drag you to his mud.

Mr Femi, even a yoruba adage espoused the view of Mr Obi by saying that ' omo taako lo ma gbele ta ko ta'.
The strength of the country is in her population. Hence, building these selective infrastructures without investing in the people will only provide a palliative fix rather than a sustainable leap for our economy.

Omoluabi1stborn:


For once I agree with Femi.
Without infrastructure no nation can move forward.
All this Health, Power, IT its also infrastructure you'll use to
The machines and equipments are also infrastructures

About the loans, you can actually use loan to build an economy provided it has a reasonable return.

That's why people take loan to fund a project you can't have the capitals
In fact a reasonable business man won't use his capital and personal Money to fund a long term business, instead he obtains a loan.

Read your comment again and see how you keep contradicting yourself

Megasaucy:



Put a sock in the nonsense you are spewing there!

Everybody comes on NL pretending to be experts at what they know ZILCH about.

Sis, you simply want attention as you have nothing to contribute, please concentrate on BBNaija..

Security. Protection of lives and property. Prosperity

Na infrastructure masses go chop?

Federal nincompoop!

Building infrastructure without good economic blueprints to put the infrastructure to utmost advantage of the citizenry is a share waste of time and scarce resources.

Build the economy, a virile economy no doubt, will bring about world class infrastructure. We cannot remain a consuming nation and expect a better standard of living.

Omoluabi1stborn:


For once I agree with Femi.
Without infrastructure no nation can move forward.
All this Health, Power, IT its also infrastructure you'll use to
The machines and equipments are also infrastructures

About the loans, you can actually use loan to build an economy provided it has a reasonable return.

That's why people take loan to fund a project you can't have the capitals
In fact a reasonable business man won't use his capital and personal Money to fund a long term business, instead he obtains a loan.

I think you should read the post before yours. The poster was very apt

Femi is this necessary? How many of these have you written over the killings going on across the country especially plateau, Benue and some parts of SE?

Who are the drivers of the so called infrastructure?
At what cost is this so called infrastructural development?
How has this impacted the economy?
The people that are expected to run this infrastructure were are they? Who's preparing them to manage these infrastructure tomorrow?

Peter Obi is very correct.

The zoo is borrowing money to build roads, the bad thing is that contractors are Whitemen. How do you pay back, when there are no industries. No good education to produce quality human beings to develop and work in the industries.

Are you expecting bokoharam members to be refinery operator?

Zetra7:
Borrowing unsustainable loans will never ever drive this nation forward, invest in education and SMEs is the way forward...


Stopping using biden infrastructural policy, US is already an educated nation.. Compare ourselves with China , Bangladesh, India and Indonesia, these countries are seriously funding their SMEs and intellectual base..

Once the investment in SME matures with intelligent human resources, money will flow and infrastructure will naturally come..

All great infrastructures in China today was not from loans....

Instead of calling Peter Obi to help you in building the nation, you're turning it into politics..

The same goes for the broke ass Nigerians in this forum supporting a useless set of leaders, put hate aside and learn from men like Peter obi, you will certainly make it in life.

To bring his macro economic view down to micro economics, you can't borrow unrealistic loans to build houses or buy cars instead focus the investment on your little hustle and education, trust me if it means educating yourself in IT, health or even going abroad to study a good course ,you will certainly reap from it..

Invest in education and SME in key to drive a progressive Economy. The forex will get from export from SME will be used to build the infrastructure.

We need to be producing not Consuming nation. Private sector is what drives the Economy. We cannot focus on building infrastructure while we remain a Consuming nation with high poverty rate.

Omoluabi1stborn:


For once I agree with Femi.
Without infrastructure no nation can move forward.
All this Health, Power, IT its also infrastructure you'll use to
The machines and equipments are also infrastructures

About the loans, you can actually use loan to build an economy provided it has a reasonable return.

That's why people take loan to fund a project you can't have the capitals
In fact a reasonable business man won't use his capital and personal Money to fund a long term business, instead he obtains a loan.

Infrastructure isn't what drives the economy. What drives the economy is a sound socio-technological organisation. Roads, Railways, Electric Power etc just like money are simply tools in the hands of good planners and implementors for economic growth.

Poor leadership with no destination will borrow money and spend the monies with nothing to show for it

Omoluabi1stborn:


For once I agree with Femi.
Without infrastructure no nation can move forward.
All this Health, Power, IT its also infrastructure you'll use to
The machines and equipments are also infrastructures

About the loans, you can actually use loan to build an economy provided it has a reasonable return.

That's why people take loan to fund a project you can't have the capitals
In fact a reasonable business man won't use his capital and personal Money to fund a long term business, instead he obtains a loan.

As much as I agreed with your points, I have a little reservation somewhere along the line.

Do you know it is possible to have those infrastructures listed above and our condition as a people remain the same

Smart people running the affairs of a country would rather borrow money to make their economy stable and strong. Engage people from within and without to come and establish reasonable businesses in the country and also enact good political/socio-economic policies for ease of business.

From the revenue generated through tax and other sources, loans will be paid in tranches, other needed infrastructures will come live and people will have focus for their lives, crime rates will be reduced and insecurity will be kept bay.

Country grows with a deliberate effort and good long term planning. This present administration run foul of every growth indicies.

mrvitalis:
The truth is Nigeria is a complex mix
..yorubas won't get obi because they are naturally social capitalist like the Norway , Denmark and their brothers

Obi is talking from a capitalist point of view like Germans , Japanese

Infrastructure are good , but are only feel good projects

Lagos ibadan rail can't break even in 100 years ..I'm not saying make profit ...yet u spent $1.5b ok it ...that's 750 billion ...what does that add to our GDP every year nothing

Imagine u take same 750 billion ...call the 10 biggest glass importers ...what would it take to move to manufacturing here ....how much do u want ....work with banks the form partnership establishing 3 glass factory ...that would cost not more than $600m ...u give them $400 million ask them to fund the other $200 million as loan without interest and payment break of 5 years from when they start operations ... payment in the next 10 years

Each factory would employ over 3000 people direct that's 9000 direct over 15000 I direct job

Nigeria glass import is around $1.5 billion a year ...with another $2 billion in west Africa and central African market ,

This would grow our GDP by 3.5 billion dollars minimum , generate a tax of over 50 million dollars per year

Now u still have $1.1 billion

U can do the same for ceramics plates and bathroom equipments ...that's would be less 200 million dollars as loan to the importers can set up 5 factories

U are left with $800 million

Garment factories in aba can cloth Nigeria with $400 million invest ...link the leather producers in kano the shoe markers in aba

Make it easy to transport with police harassment

We can commercialize the rice species we have developed ...$100 million to rice importers can do the magic

$1.5 billion if invested well can generate 5 to 10 billion GDP growth per year

beautiful analysis. We need people with your kinda mentality in government

Zetra7:


No successful business man borrow unrealistic loans ... Will advice you bro, if your bolt driving car can't pay the loan , never go for it cause it will end in tears..

Only borrow what you can pay, Nigerian's loan is off track...


By the way, Peter Obi mentioned that if those infrastructures were worth it, they could have gone to our stock exchange and raise the cash.

These are just bogus contracts for politicians to fed on, look at the North since 1976, infrastructures have been flowing there up till now, what then is their output.. Why is the nation poor then

Ok at least you agree that borrowing isn't the issue but it must be optimised for profits... growth..

Nigeria isn't transparent enough.. although the debt to gdp isn't extra ordinarily far off in comparison... Debt servicing is quite high though.

So u may be right.. it depends.

Omoluabi1stborn:


For once I agree with Femi.
Without infrastructure no nation can move forward.
All this Health, Power, IT its also infrastructure you'll use to
The machines and equipments are also infrastructures

About the loans, you can actually use loan to build an economy provided it has a reasonable return.

That's why people take loan to fund a project you can't have the capitals
In fact a reasonable business man won't use his capital and personal Money to fund a long term business, instead he obtains a loan.

Nonsense Those people who you fail to educate or create jobs for will bomb all the infrastructure
Are they not already stripping the metals from the rail to sell?
Nothing wrong with infrastructure but if a man is starving to the point where his weight is 50% of normal you do not fix that by giving him a turkey to eat in one day.
The level of borrowing now is such that over 70% of revenue is used to service debt .That is not sensible

mrvitalis:
The truth is Nigeria is a complex mix
..yorubas won't get obi because they are naturally social capitalist like the Norway , Denmark and their brothers

Obi is talking from a capitalist point of view like Germans , Japanese

Infrastructure are good , but are only feel good projects

Lagos ibadan rail can't break even in 100 years ..I'm not saying make profit ...yet u spent $1.5b ok it ...that's 750 billion ...what does that add to our GDP every year nothing

Imagine u take same 750 billion ...call the 10 biggest glass importers ...what would it take to move to manufacturing here ....how much do u want ....work with banks the form partnership establishing 3 glass factory ...that would cost not more than $600m ...u give them $400 million ask them to fund the other $200 million as loan without interest and payment break of 5 years from when they start operations ... payment in the next 10 years

Each factory would employ over 3000 people direct that's 9000 direct over 15000 I direct job

Nigeria glass import is around $1.5 billion a year ...with another $2 billion in west Africa and central African market ,

This would grow our GDP by 3.5 billion dollars minimum , generate a tax of over 50 million dollars per year

Now u still have $1.1 billion

U can do the same for ceramics plates and bathroom equipments ...that's would be less 200 million dollars as loan to the importers can set up 5 factories

U are left with $800 million

Garment factories in aba can cloth Nigeria with $400 million invest ...link the leather producers in kano the shoe markers in aba

Make it easy to transport with police harassment

We can commercialize the rice species we have developed ...$100 million to rice importers can do the magic

$1.5 billion if invested well can generate 5 to 10 billion GDP growth per year

If fail to mention how long it will take for them to set up these factories, what will happen to import of glasses during that time, the impart of jobs during the planning, implementation stages, how long it will take before the factories come of age before it employ, what happens to the general prices of goods and services all those intervening years, how long before the factory breaks even.

Meanwhile, during the same time, without the rail infrastructure, the Lagos Ibadan road continues in a terrible states, prices go higher etc

Nigerians and double standard eh!

Before, we were shouting during PDP..,.." infrastructure! We want infrastructure! We want road, light, water..blah blah blah.."

But now that APC is giving us that, we share asking for the opposite again.

Infrastructure is what developed Lagos and south west like this. When you have these basic things, life will be faster. That will result in economic progress.

Zetra7:
Borrowing unsustainable loans will never ever drive this nation forward, invest in education and SMEs is the way forward...


Stopping using biden infrastructural policy, US is already an educated nation.. Compare ourselves with China , Bangladesh, India and Indonesia, these countries are seriously funding their SMEs and intellectual base..

Once the investment in SME matures with intelligent human resources, money will flow and infrastructure will naturally come..

All great infrastructures in China today was not from loans....

Instead of calling Peter Obi to help you in building the nation, you're turning it into politics..

The same goes for the broke ass Nigerians in this forum supporting a useless set of leaders, put hate aside and learn from men like Peter obi, you will certainly make it in life.

To bring his macro economic view down to micro economics, you can't borrow unrealistic loans to build houses or buy cars instead focus the investment on your little hustle and education, trust me if it means educating yourself in IT, health or even going abroad to study a good course ,you will certainly reap from it..

udele1:
He is 100 right. With the infrastructure in Northern Nigeria what did it produce? Terrorism, crippling the nations economy.

Why? Because the north did not invest in the people.


If the US government did not give grants to the likes of Bill gates during their startup, would Microsoft be generating such revenue for US today? Same goes with steve jobs, mark Zuckerberg, etc.

These individuals are worth more than Nigerias GDP, and national assets.


They ar3 generating more money in US than any infrastructure.

Have all the wonderful infrastructure and having people begging and rubbing on them is not wise.


Dont forget that in developed countries private sector even build and maintain infrastructure.

So who says government cant fund a small startup construction company ?

While startups grow to become world brands in developed countries, only government contractors and politicians become great in Nigeria.

Thats why our billionaires dont write books to inspire the youths. Because somewhere is the hiden corrupt hands of government in thier rise .

You must invest in education and SME. China generates so much from Export by SME's. Government then builds infrastructure from tax generated from the companies.

Here is a quote from former American president.....America has good roads not because America is rich, America is rich because it has good roads.


This sums it up.

rottennaija:


If fail to mention how long it will take for them to set up these factories, what will happen to import of glasses during that time, the impart of jobs during the planning, implementation stages, how long it will take before the factories come of age before it employ, what happens to the general prices of goods and services all those intervening years, how long before the factory breaks even.

Meanwhile, during the same time, without the rail infrastructure, the Lagos Ibadan road continues in a terrible states, prices go higher etc

You are talking as if we don't already have a locomotive train between Lagos and Ibadan before now ... locomotive train are the best for goods Transportation ..

You talking about breaking even means u didn't understand my analysis

mrvitalis:

You are talking as if we don't already have a locomotive train between Lagos and Ibadan before now ... locomotive train are the best for goods Transportation ..

You talking about breaking even means u didn't understand my analysis

I expected that you would present a sound arguments factoring the issues I raised.

To these utter morons, everything is a zero sum game.

You build highly inflated rails and so what?
Does that mean the everybody should die of hunger and insecurity?

You are building infrastructure and yet Nigeria is at its worst economic level since 1999.
High Unemployment everywhere.

Doesn't that tell them that their so called infrastructure is either not properly targeted or is not being married with the right policies.

Something is terribly wrong.
Unfortunately these clowns and their supporters can't see it.

...then social infrastructure

Buhari built a rail from Kano to.lagos for agriculture.

The same agriculture that is now at its Lowest level thanks to banditry and fulani herdsmen.

They did the job half way and they are surprised that people are not seeing the benefit.

Idiots.

rottennaija:


I expected that you would present a sound arguments factoring the issues I raised.

Which issue did you raise ? ...u want me to give u detailed analysis on a project this massive on nairaland ?

I'm here showing that $1.5 billion wasted on this railway system could have been used better to create more jobs ,increase more GDP , generate more revenue ,reduce influence on dollar demand etc ..it's just simple logic

Status quo remains till the factories are completed....what happened between Lagos and Ibadan before the rail way came to light ?

We have sand and limestone which are the key things needed to produce glass

Which cheaper labour ...we should be able to produce far less

greatiyk4u:


Here is a quote from former American president.....America has good roads not because America is rich, America is rich because it has good roads.


This sums it up.

Lol. How much of the roads did mark Zuckerberg use to become great? How much of the roads did bill gates use to develop Microsoft in his garage? If you build roads from lagos to sambisa forest, will that increase the number of cars on them?

Don't people still need money to buy cars to drive on the roads?

America has roads, yet the billionaires in America are not road contractors, but people that developed thier talents and ability.

Show me top 10 billionaires in America and lets see how many are road contractors.

America developed its people first before infrastructure.

Even this nairaland, is it a product of infrastructure or human development?

Femi.... Your administration is borrowing for consumption and not for production.
Sometimes I ask myself where and how have we offended you. Every thing is going higher, there's no hope for the common man.

The fundamental issue is this .
If all your borrowing is in Naira it is not a problem
When you are borrowing in dollars and not earning enough dollars how will you pay back?

Virtually all USA government borrowing is in dollars

Pls if there is no light to power your sms how are u going to growth, if there is no road how are going to moved your goods to market, and if you can't sell your goods how are you going to growth.if airport is not working how people will moved around.if rail is not work how are you going to meet up with important meating at abuja or lagos.infactructure first,China build there infacturcture first,India are building Brazil,Dubai all this countriess are building there infacturcture.AKwa ibom is good example of how infacturcture can build your economy....

Zetra7:
Borrowing unsustainable loans will never ever drive this nation forward, invest in education and SMEs is the way forward...


Stopping using biden infrastructural policy, US is already an educated nation.. Compare ourselves with China , Bangladesh, India and Indonesia, these countries are seriously funding their SMEs and intellectual base..

Once the investment in SME matures with intelligent human resources, money will flow and infrastructure will naturally come..

All great infrastructures in China today was not from loans....

Instead of calling Peter Obi to help you in building the nation, you're turning it into politics..

The same goes for the broke ass Nigerians in this forum supporting a useless set of leaders, put hate aside and learn from men like Peter obi, you will certainly make it in life.

To bring his macro economic view down to micro economics, you can't borrow unrealistic loans to build houses or buy cars instead focus the investment on your little hustle and education, trust me if it means educating yourself in IT, health or even going abroad to study a good course ,you will certainly reap from it..

Pls if there is no light to power your sms how are u going to growth, if there is no road how are going to moved your goods to market, and if you can't sell your goods how are you going to growth.if airport is not working how people will moved around.if rail is not work how are you going to meet up with important meating at abuja or lagos.infactructure first,China build there infacturcture first,India are building Brazil,Dubai all this countriess are building there infacturcture.AKwa ibom is good example of how infacturcture can build your economy....