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Nairaland Forum / Nairaland / General / Politics / If Not Infrastructure, Then What - Femi Adesina (19197 Views)
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Re: If Not Infrastructure, Then What - Femi Adesina by BlackDuke(m): 3:03pm On Aug 13, 2021 |
Infrastructure of today, becomes obsolete tomorrow; but education is eternal 2 Likes |
Re: If Not Infrastructure, Then What - Femi Adesina by stanluiz(m): 3:25pm On Aug 13, 2021 |
Infrastructure is good! Yes! But you need to invest in Education and SME because they are the ones that will build the infrastructure. Infrastructure will not fall From the sky. Even Electricity, Road Contractors, Engineer are all products for Education and SME. Some are Saying America but they forget that America first invested massively on the people by providing quality education and also give Loans to SME. Human development Capital is the best investment a Nation can invest. If you didn't have educated and Skilled people how will they build the infrastructure ? Look at the north for Example . Upon all the infrastructure buhari is building yet Boko Haram, Banditry and other forms of Insecurity is ravaging the region because The Northern Elites failed to Invest In Education. Investing in Education and SmE will lead to infrastructure revolution. Education and SMS will give birth to Infrastructure. 1 Like |
Re: If Not Infrastructure, Then What - Femi Adesina by Ovamboland(m): 3:32pm On Aug 13, 2021 |
Omoluabi1stborn: Same people will travel abroad take 25 years mortgage otherwise they can't acquire any property. Now they are saying Nigeria should remain backward and wait to save for 20 years before embarking on projects. Same approach that endured Ajaokuta steel remain unfinished after 42 years and itakpe warri railway took 33 years and 3rd mainland bridge took 14 years to build. If you think they are raising these objections to the heavy infrastructure investment because they love the country, you are mistaken. They want the money shared to portfolio business men that will relocate abroad with the money while the majority not privileged to access this money continue to wallow in misery. 1 Like 1 Share |
Re: If Not Infrastructure, Then What - Femi Adesina by Ovamboland(m): 3:35pm On Aug 13, 2021 |
effort1: What did the past governments show in 6 years? |
Re: If Not Infrastructure, Then What - Femi Adesina by Megasaucy(f): 4:02pm On Aug 13, 2021 |
lexy2014: You are clearly clueless about many things. Unfortunately, I don't have any obligation to cure you of the disease. This is hoping you don't spread it and infect the good folks on NL. What a wuss! |
Re: If Not Infrastructure, Then What - Femi Adesina by effort1: 4:07pm On Aug 13, 2021 |
Ovamboland: So, you are now competing with the past government in failure? What a shame! |
Re: If Not Infrastructure, Then What - Femi Adesina by Housing(m): 4:07pm On Aug 13, 2021 |
The debts burden outweighs the Merits. Bill Gates says investment in human capital development is the out of poverty for the Country. https://www.premiumtimesng.com/news/headlines/284195-bill-gates-restates-investment-in-human-capital-as-way-out-of-poverty-for-nigeria-others.html |
Re: If Not Infrastructure, Then What - Femi Adesina by aribisala0(m): 4:11pm On Aug 13, 2021 |
Invest in Human capital and get our people to stop making so many useless children |
Re: If Not Infrastructure, Then What - Femi Adesina by Ovamboland(m): 5:49pm On Aug 13, 2021 |
ostartruth: What infrastructure are you talking about in the north? is that power supply is better and stable or the inner roads to production centers are more? Apart from major roads that last longer due to climate, there is no infrastructure in the north better than in the south. They have some advantage in dams and could irrigate some hectares of farmland, even that is grossly inadeqaute, but they still produce more food than the south. |
Re: If Not Infrastructure, Then What - Femi Adesina by Ovamboland(m): 5:52pm On Aug 13, 2021 |
LCling: Igbo that surrounded Jonathan for 6 years forgot they could do this and they now remembered it can b done under Buhari where they have limited influence. All of them were buying lands and sending their family abroad when good money was flowing. Even infrastructure they did not do, their zone still complain of the worst road in the federation 3 Likes |
Re: If Not Infrastructure, Then What - Femi Adesina by Ovamboland(m): 6:01pm On Aug 13, 2021 |
Zetra7: You mean a loan of $1.35bn to solve the problems of congestion Apapa and Tin Can ports that has been with us for 40 years, increasing cost of doing business is a waste What kind of clownish statements won't we hear. Seems the new assignment from your camp is to launch attacks on the infrastructure investments no matter how stupid it sounds. The same investments will make the roads last longer as less freight load on them, will make raw materials cheaper for manufacturers inland, make food logistics cost cheaper with timely arrival at the market, reduce 45% post-harvest losses, make our export crops cheaper on world market to control more share. All these are waste to you? 2 Likes |
Re: If Not Infrastructure, Then What - Femi Adesina by udele1: 6:04pm On Aug 13, 2021 |
EnkayDezign: Where did America get money for infrastructure? |
Re: If Not Infrastructure, Then What - Femi Adesina by juman(m): 6:04pm On Aug 13, 2021 |
The government should borrow twenty billion dollars and give it to fashola to build projects across the country. |
Re: If Not Infrastructure, Then What - Femi Adesina by udele1: 6:06pm On Aug 13, 2021 |
greatiyk4u: Those they borrowed from, where did they get? |
Re: If Not Infrastructure, Then What - Femi Adesina by udele1: 6:08pm On Aug 13, 2021 |
greatiyk4u: The countries we borrow from, where did they get to build theirs? |
Re: If Not Infrastructure, Then What - Femi Adesina by udele1: 6:18pm On Aug 13, 2021 |
aribisala0: How much does twitter and Facebook generate from Nigeria? Did they get here by road? Microsoft was created in a garage. Just computer, no road. America is wealthy today because or the people they invested in. Those companies grew and are paying tax. The road to from kaduna to Abuja is smooth, but people are scared to travel on that road, because of bandits. Is it lack of infrastructure that created the bandits? If those bandits had good education and were given grants after school, would they be bandits? Its people that make a country and not q country that makes people. Even the infrastructure you are talking about, isn't it education that enabled the manufacturers of those equipment used to build roads? The tractors, caterpillar etc . 3 Likes |
Re: If Not Infrastructure, Then What - Femi Adesina by neyoohhh: 6:19pm On Aug 13, 2021 |
udele1: Internally and externally through the issuance of government bond's, securities etc. I know what you are getting at.. fiat You have a point but... This one is complicated. |
Re: If Not Infrastructure, Then What - Femi Adesina by aribisala0(m): 6:25pm On Aug 13, 2021 |
udele1:I think you dialled a wrong number |
Re: If Not Infrastructure, Then What - Femi Adesina by udele1: 6:27pm On Aug 13, 2021 |
EnkayDezign: Focusing on infrastructure is like eating all your corn. Investing in people is like planting corn. If you eat your corn it is finished. If you take seeds from it and plant, you continue having more corn. This is where America gets money.
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Re: If Not Infrastructure, Then What - Femi Adesina by aribisala0(m): 6:33pm On Aug 13, 2021 |
neyoohhh: No it is not just fiat There is nothing wrong in borrowing to build infrastructure The point is ... is the capacity to borrow unlimited? If you are borrowing in your currency and there is no hyperinflation then your economy can carry the debt Lenders are not stupid ? There is a COST of borrowing What is the interest rate in Nigeria today compared to the US If you decide to borrow at a rate where over 70% of revenue goes into servicing debt is that sustainable Yes I would be the first so say we MUST borrow but borrowing must be responsible If we are borrowing at current rates we must star to cut down things like subsidy and the cost of maintaining politicians and other areas of waste. We must pay more tax and be more efficient in generating revenue. Too much of government revenue is stolen Finally what we are borrowing for must be distributed according to ECONOMIC considerations and not POLITICAL ones like federal character etc There is an attempt at forced equalization when the reality is if borrowing was rational most of the infrastructure would be in the South The bulk of the infrastructure is going to the North and the bulk of the payment will come from the South how sensible is that In all of this there is still NO COHERENT STRATEGY FOR POWER 2 Likes |
Re: If Not Infrastructure, Then What - Femi Adesina by Adabestseason(m): 8:06pm On Aug 13, 2021 |
Loan is part of governance,provided well utilized,America is talking of $1trillion investment in infrastructures despite over about $20trillion debt. |
Re: If Not Infrastructure, Then What - Femi Adesina by aribisala0(m): 8:33pm On Aug 13, 2021 |
Adabestseason:Do they borrow in any other currency but their own? |
Re: If Not Infrastructure, Then What - Femi Adesina by lexy2014: 8:40pm On Aug 13, 2021 |
Megasaucy: Unfortunately, u haven't been able to answer d simple questions: So how is infrastructure developed? Does it fall from d sky? |
Re: If Not Infrastructure, Then What - Femi Adesina by lexy2014: 8:42pm On Aug 13, 2021 |
Megasaucy: D ability to cure others stems from ur ability to cure yourself first. Have u cured yourself? |
Re: If Not Infrastructure, Then What - Femi Adesina by lexy2014: 8:44pm On Aug 13, 2021 |
CoolAmbience: All u have said hasn't in any way answered d questions I asked or addressed any of d issues I raised: Is this what u call a comparative analysis based on ur conclusion that "There has been no single President better than Buhari since independence"? I don't see any indices in what u wrote. In ur number 3 point for instance, what are d figures? What's d reality on ground? What's d living standard of Nigerians since 2015 compared to before 2015? How has d economy been diversified? What has it been diversified to? how much revenue came in since 2015, how was it utilised that made u say "prudent management of economy"? You have to take every aspect of governance since 1960 (taking into cognisance section 14 (2b) of d constitution), compare every administration since 1960 and mirror against d buhari administration using every single aspect of governance as indices. |
Re: If Not Infrastructure, Then What - Femi Adesina by lexy2014: 8:45pm On Aug 13, 2021 |
RiceProducers:It's as simple as unwrapping d aluminum foil. That's why I said that it isn't rocket science |
Re: If Not Infrastructure, Then What - Femi Adesina by Megasaucy(f): 8:48pm On Aug 13, 2021 |
lexy2014: Do this twice daily.
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Re: If Not Infrastructure, Then What - Femi Adesina by lexy2014: 8:48pm On Aug 13, 2021 |
aribisala0: Unfortunately, many Nigerians especially our "educated youths" don't understand this very simple path. |
Re: If Not Infrastructure, Then What - Femi Adesina by lexy2014: 8:49pm On Aug 13, 2021 |
Megasaucy: Is that what u do twice daily? If that's ur therapy, who am I to judge as long as it can help u answer d simple questions: So how is infrastructure developed? Does it fall from d sky? |
Re: If Not Infrastructure, Then What - Femi Adesina by Megasaucy(f): 8:50pm On Aug 13, 2021 |
lexy2014:
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Re: If Not Infrastructure, Then What - Femi Adesina by lexy2014: 8:53pm On Aug 13, 2021 |
Megasaucy: The more reason why I asked if u have cured yourself. If u haven't, how then did u intend curing others? |
Re: If Not Infrastructure, Then What - Femi Adesina by aribisala0(m): 8:53pm On Aug 13, 2021 |
Just as it is good to invest in infrastructure not all infrastructure are productive economically. Some infrastructure are totally wasteful and this is the case mostly in the North If the government were to invest in the housing sector by providing Mortgage with long term credit that would stimulate the economy and create jobs . They should squeeze Dangote to lower cement prices. Those people buying the houses will pay gradually That is more productive that the Kaduna Abuja rail project They should focus on Power and stop chasing shadows |
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