Infrastructure of today, becomes obsolete tomorrow; but education is eternal

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.

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.

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.

effort1:


So, you call train and bridge the only infrastructure you can show after 6 years? You should be ashamed of yourself

What did the past governments show in 6 years?

lexy2014:


So how is infrastructure developed? Does it fall from d sky?

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!

Ovamboland:


What did the past governments show in 6 years?

So, you are now competing with the past government in failure?

What a shame!

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

Invest in Human capital and get our people to stop making so many useless children

ostartruth:
I am sure Obi understands that infrastructure promotes economic development more than you do. What Obi said that you need to be schooled on is that EDUCATION IS THE BEDROCK OF ANY DEVELOPMENT.
How much has infrastructure in north promoted the economy there. Even in Nigeria, upon all these achievements you mentioned here, the living condition of an average Nigerian is a hell. Ranging from rise in food prices, petroleum prices to anything you can think of. Are your infrastructure meant to bring favourable living condition to Nigerians or cause hardships for them? Of what use are the infrastructure you mentioned here when Nigerians are dying of hunger and their bloods are spilled in the alters of Boko Haram and your PRESIDENTS brothers disguising as herdsmen across the country to perpetrate all manners of crimes from rape, kidnapping and butchering of people in their localities under the supervision of the Presidency and MIYETTI ALLAH group.
May God forgive you FEMI for you don't know what you are doing.

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.

LCling:


Just look at this? This is what an Igbo man and an average Nigeria wants. People know the truth but nonsense runs in their skull. You are allegedly awarding contract in billion USD to fix infrastructure via looting% gateway . And decide to null the economy, transaction/circulations and even block simple means of business increase VAT , Tax . Then increase security budget for ,EFFC etc for anyone that wants to cry out loud or use a means not contained in the zero economy master plan . I'm sorry but it would only go worse for all ,evil supporters inclusive

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

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

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?

EnkayDezign:


Oga have you ever heard about America's 'New Deal'? The great infrastructure project that was enacted by FD Roosevelt, during the great depression that basically helped rescue Americans from poverty by creating jobs and stimulating their economy. That deal alone set a precedent for great infrastructural development in America.

All the billionaires in america are the biggest beneficiaries of good infrastructure directly /indirectly;

- Their employees use public roads to commute to and from work
- They themselves use public infrastructure (be it roads, rails, and airports)
- They use public infrastructure to transport their goods (Amazon definitely is grateful for good roads)
- Their customers wouldn't enjoy products too if it weren't for good infrastructure.

Infrastructure is possibly the fastest and easiest way to stimulate and grow an economy while also creating jobs. Checkout this video below about the US's crumbling infrastructure and former trump adviser Daniel Slanes' take on it. 3:17 mark


https://www.youtube.com/watch?v=EdvJSGc14xA&list=PLFjBzMNsOhfqOBQg7FGkuVRPe9b2yo66t&index=32&ab_channel=VICENews

Where did America get money for infrastructure?

The government should borrow twenty billion dollars and give it to fashola to build projects across the country.

greatiyk4u:


They borrowed
Every reason business man borrow to build infrastructure before take off of the commercial activities

Nigeria is a poor country because of lack of infrastructure that can drive and support SME to grow.

Thanks

Those they borrowed from, where did they get?

greatiyk4u:


They borrowed
Every reason business man borrow to build infrastructure before take off of the commercial activities

Nigeria is a poor country because of lack of infrastructure that can drive and support SME to grow.

Thanks

The countries we borrow from, where did they get to build theirs?

aribisala0:


It was done with American Knowledge/Human Capital and Financial Capital, American steel, American power etc
They did not bankrupt themselves to do it

Today we are using almost all our revenue to pay debt and a lot of that is in foreign currency

America ONLY borrows in dollars which means their economy was STRONG ENOUGH to carry the debt

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 .

udele1:


The countries we borrow from, where did they get to build theirs?

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.

udele1:


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 .

I think you dialled a wrong number

EnkayDezign:


Oga have you ever heard about America's 'New Deal'? The great infrastructure project that was enacted by FD Roosevelt, during the great depression that basically helped rescue Americans from poverty by creating jobs and stimulating their economy. That deal alone set a precedent for great infrastructural development in America.

All the billionaires in america are the biggest beneficiaries of good infrastructure directly /indirectly;

- Their employees use public roads to commute to and from work
- They themselves use public infrastructure (be it roads, rails, and airports)
- They use public infrastructure to transport their goods (Amazon definitely is grateful for good roads)
- Their customers wouldn't enjoy products too if it weren't for good infrastructure.

Infrastructure is possibly the fastest and easiest way to stimulate and grow an economy while also creating jobs. Checkout this video below about the US's crumbling infrastructure and former trump adviser Daniel Slanes' take on it. 3:17 mark


https://www.youtube.com/watch?v=EdvJSGc14xA&list=PLFjBzMNsOhfqOBQg7FGkuVRPe9b2yo66t&index=32&ab_channel=VICENews

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.

neyoohhh:


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.

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

Loan is part of governance,provided well utilized,America is talking of $1trillion investment in infrastructures despite over about $20trillion debt.

Adabestseason:
Loan is part of governance,provided well utilized,America is talking of $1trillion investment in infrastructures despite over about $20trillion debt.

Do they borrow in any other currency but their own?

Megasaucy:


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!

Unfortunately, u haven't been able to answer d simple questions:

So how is infrastructure developed? Does it fall from d sky?

Megasaucy:


You are clearly CLUELESS and TOTALLY CONFUSED about many things as evinced by your cow dung above .

I have warned myself that it is NOT my obligation to CURE you of this disease.

I however hope that you will not infect the good folks on NL who just want to be INFORMED with the disease.

D ability to cure others stems from ur ability to cure yourself first. Have u cured yourself?

CoolAmbience:



Keep living in self denial.

Na you sabi.

Let me school you a bit.

On diversification, Nigeria is earning more from Solid Minerals, Agriculture, Customs, JAMB etc, than she did in decades, and that was what helped to sustain the economy, following drastic drop in oil revenues.

My basis for talking about prudent management of the economy is also evident. Have you asked why the civil service size wasn't cut despite significantly dwindled oil revenues? Why are pensioners receiving better attention than before?


https://thenationonlineng.net/pensioners-hail-buhari-for-paying-arrears/amp/

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.

RiceProducers:

The BS is wrapped in aluminum foil.

It's as simple as unwrapping d aluminum foil. That's why I said that it isn't rocket science

lexy2014:


Unfortunately, u haven't been able to answer d simple questions:

So how is infrastructure developed? Does it fall from d sky?

Do this twice daily.

aribisala0:
He is just seeking relevance
We are talking about a government that hardly goes 4 months without a University strike or doctor strike

The question is

How much are we investing in Education?

This same government Cut down its health budget during the Pandemic

The same President and the new one they want to bring in cannot be treated in Nigerian hospitals

We are talking of HUNDREDS OF DOCTORS exiting the country every year

Unfortunately, many Nigerians especially our "educated youths" don't understand this very simple path.

Megasaucy:


Do this twice daily.

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?

lexy2014:


D ability to cure others stems from ur ability to cure yourself first. Have u cured yourself?

Megasaucy:

The more reason why I asked if u have cured yourself. If u haven't, how then did u intend curing others?

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