₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,325,149 members, 8,420,564 topics. Date: Friday, 05 June 2026 at 02:02 AM

Toggle theme

Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap - Politics (3) - Nairaland

Nairaland ForumNairaland GeneralPoliticsBuhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap (9505 Views)

1 2 3 4 Reply (Go Down)

Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by Gwan2(m): 7:16am On Nov 03, 2021
jomoh:
The human development that happened between 1940-1970, where are they now?

If you develop human without infrastructure, they will leave your country for countries with infrastructure. Look at Nigerian doctors and nurses. We develop them but they leave in droves every year to countries like Saudi, UK, US. Countries that have infrastructure.

Human development has limited life span. 10-15years tops and it has continuous for life. Infrastructure development has a longer life span 25 to sometimes 100years.

Let me give you an example.

Look at the third mainland bridge that was built in 1990. Do you know how many millions of developed human passes on top of it daily?

Take your secondary and tertiary schools for example. They’re infrastructures. Do you know how many millions of human development has taken place in that infrastructure?

We need more of those infrastructures to build more human development. Whether you develop human or you don’t, human being will always find a way to develop himself cos it human nature to survive and the only way to survive is development but human cannot develop or survive without infrastructure/tools and those tools/infrastructures won’t develop themselves.
You made salient point, however, human capital development and infrastructural development are NOT mutually exclusive. There’s danger if there is a big lag between the two. It only takes an uneducated sect a day or few to bring down major infrastructures. But it will be easier to figure out and fish out these elements when majority of the human capital is developed. Example is the confusion of Nigeria state to properly name state destroyers, and misusing terms like bandits, herdsmen, kidnappers, terrorist etc

Nigeria, most importantly need a structure than infrastructure. Imagine spending billions training medical personnel, sponsoring students overseas to school without any structural arrangement or bond or incentivised agreement pacts with timelines on how these individuals will transfer their knowledge to unskilled and less enlightened people back home. Most times, this brains trained by naija find their way out of the country because there is not structural plan for them, thereby depleting further the resources used in training them to that stage.
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by TGM2015: 7:20am On Nov 03, 2021
jomoh:
The human development that happened between 1940-1970, where are they now?

If you develop human without infrastructure, they will leave your country for countries with infrastructure. Look at Nigerian doctors and nurses. We develop them but they leave in droves every year to countries like Saudi, UK, US. Countries that have infrastructure.

Human development has limited life span. 10-15years tops and it has continuous for life. Infrastructure development has a longer life span 25 to sometimes 100years.

Let me give you an example.

Look at the third mainland bridge that was built in 1990. Do you know how many millions of developed human passes on top of it daily?

Take your secondary and tertiary schools for example. They’re infrastructures. Do you know how many millions of human development has taken place in that infrastructure?

We need more of those infrastructures to build more human development. Whether you develop human or you don’t, human being will always find a way to develop himself cos it human nature to survive and the only way to survive is development but human cannot develop or survive without infrastructure/tools and those tools/infrastructures won’t develop themselves.
Fantastic.

With necessary and adequate infrastructure human beings will always find their level.

I have seen children making great educational use of smartphones without being taught on how to use it. Educational Technology researches have established this to.
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by emmyrate1(m): 7:25am On Nov 03, 2021
uptimum123:
Buhari is the only President that has ever cared for Nigerian's. He's the master in infrastructural development.

Buhari is a gift to Nigerian's... Nigerian's will remember him for his great deeds when he finally leaves office come 2023 for Tinubu.
for ur cow brain
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by Xano(m): 7:26am On Nov 03, 2021
uptimum123:
Buhari is the only President that has ever cared for Nigerian's. He's the master in infrastructural development.

Buhari is a gift to Nigerian's... Nigerian's will remember him for his great deeds when he finally leaves office come 2023 for Tinubu.
Northern Nigeria has had a huge percentage of infrastructural development, but human development is very poor(to put it diplomatically).

NECO(FG) pay pupils in Northern Nigeria to take exams, while in the South, parents/guidance do so.
What development do North have except making noise about quota.

Investors seek enabling environment with good pragmatic economic policies.
Do your country have the above?
No.

We know you are APC sycophant, it would be sensible of you to do so with intellect.
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by sulaak(m): 7:32am On Nov 03, 2021
Ynix:
What Nigeria need at the moment is not Infrastructural development instead it is human development
Well said.

Without human development, the infrastructures will be wasted. Awolowo focus on universal education and primary healthcare in the 1950s by the 1980s Western Nigeria had a literacy rate of 85% and an environment suitable for investment and development.
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by learnedman(m): 7:37am On Nov 03, 2021
Pls don't give him a dime,he will pocket it or use it for Ruga
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by KaluwisxPRO: 7:40am On Nov 03, 2021
uptimum123:
Without infrastructural development there will be no human development.
Infrastructure don’t build humans, humans build infrastructure. You never feed dog you say make he bark, with which strength? His only strength na to chop you wey be the owner
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by kolas88(m): 7:45am On Nov 03, 2021
Bambiala people
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by Bizibi(m): 7:46am On Nov 03, 2021
Is this man really leaving that aso Villahuh

Asking for loan in 2021 from investors and he thinks they are stupid.
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by proxillin(m): 7:51am On Nov 03, 2021
Looking for money for Vote buying in next election.

You have borrowed trillions from china for infrastructures that does not exist.

APC shaking my head...

I still remembe the cash they gave to omishole in osun to buy election
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by Lush100(m): 8:14am On Nov 03, 2021
uptimum123:
Without infrastructural development there will be no human development.
.

Sir, in truth, it's the other way round.

People create things from what nature has made available.
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by nedekid: 8:19am On Nov 03, 2021
uptimum123:
Infrastructure brings employments
Assuming you have a business, business is then very slow and not moving. Very poor sales. Is that the time you take a loan to build new office building, redesign your car park, dig new borehole, buy new cars?
Or will you wait till business improves, sales goes up and things are back to normal. You then take the loan to buy stock. You turn around the money a few times then from proceeds of your profit renovate or build your office, dig borehole or buy cars?

The first instance represents Nigeria under buhari, you take loans, over $30b to build "infrastructure" at the same time tanking the economy. Infrastructure that is non commercially viable. The most lucrative train ie kad-abj line. Amechi said the revenue generated cannot pay for the diesel not to talk of salaries, overhead, etc
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by Nobody: 8:21am On Nov 03, 2021
after4:
Can you guys account for all the ones he has being borrowing? Imaging that he has borrowed over 8bn out of 12bn of our pension fund, what did he do with them?


How sey dem don pay you for October, zombie
Scaringly they haven't given account of how it has been utilized so far.
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by uptimum123(m): 8:23am On Nov 03, 2021
nedekid:
Assuming you have a business, business is then very slow and not moving. Very poor sales. Is that the time you take a loan to build new office building, redesign your car park, dig new borehole, buy new cars?
Or will you wait till business improves, sales goes up and things are back to normal. You then take the loan to buy stock. You turn around the money a few times then from proceeds of your profit renovate or build your office, dig borehole or buy cars?

The first instance represents Nigeria under buhari, you take loans, over $30b to build "infrastructure" at the same time tanking the economy. Infrastructure that is non commercially viable. The most lucrative train ie kad-abj line. Amechi said the revenue generated cannot pay for the diesel not to talk of salaries, overhead, etc
Your analysis are all shades of wrong. Only an intellectual person will understand that with out bridging the gap in our infrastructure deficit, there will be no human development.

The question you should ask your self is whats the term infrastructure.
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by OGAStacks2021: 8:49am On Nov 03, 2021
You are just breathing for no reason
uptimum123:
Without infrastructural development there will be no human development.
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by kutashi: 8:59am On Nov 03, 2021
Ynix:
Not true, it is the other way round, just that our leaders has been deceived.
Which will you prefer to come first to be able to eat well first and enjoy good healthcare or to have fine house and fantastic buildings
You are talking about food security which has been given due attention by this government. Yet, what will aid your assertion is massive infrastructural development. That's only what some western world have that attracted investment in both local and FDI which in turn massively contributed to their human development and standard of living. A sizeable portion of Nigerian are not lazy in anyway but no job!
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by kutashi: 8:59am On Nov 03, 2021
Ynix:
Not true, it is the other way round, just that our leaders has been deceived.
Which will you prefer to come first to be able to eat well first and enjoy good healthcare or to have fine house and fantastic buildings
You are talking about food security which has been given due attention by this government. Yet, what will aid your assertion is massive infrastructural development. That's only what some western world have that attracted investment in both local and FDI which in turn massively contributed to their human development and standard of living. A sizeable portion of Nigeria are not lazy in anyway but no job!
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by poiZon: 9:12am On Nov 03, 2021
uptimum123:
Buhari is the only President that has ever cared for Nigerian's. He's the master in infrastructural development.

Buhari is a gift to Nigerian's... Nigerian's will remember him for his great deeds when he finally leaves office come 2023 for Tinubu.
Can u name other infrastructures he has gifted Nigeria with humongous debt he amass already?
Abuja kaduna rail was 80percent completed by the previous administration and i believed funds were duly paid to cover the entire contract before the admin left office.
Lagos-ibadan rail was 100percent funded by loans from chinaexim bank.
Kano-maradi is also 100percent funded by loans.
Calabar to lagos rail line will be funded 100percent by loans, till now they r looking for where to source for funds to kickstart it.
Likewise port harcourt-maiduguri rail line.
I don't know how much was used in completing warri-itakpe-ajaokuta railline....a line that is as useless as K in Knight.. That line was to connect the two steel milling plants but we all know thise plants r moribund.
No new power plant have been inaugurated apart from noise from solar farms which we haven't seen in south south region yet.
Almost every roads have collapsed... Buhari's budget since he assumed office is more than 50trillion so far yet nothing to show for it.
He still travels abroad for medicare, he still eats foreign rice, insecurity has now engulfed all region...
Fuel is now costlier compare to his promise of making it sell for 50naira a litre even after removing subsidy twice...
Food is even more costlier now than before...
Agric sector that he supposed to even concentrate his energy and time on, we r not seeing any result..
Mister man which infrastructure is buhari building that we can't see?
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by poiZon: 9:20am On Nov 03, 2021
Ynix:
What Nigeria need at the moment is not Infrastructural development instead it is human development
Buhari needs to stop inviting or requesting for investors funds now cos prices of procurement and contracts have triple since the fool assumed office.
1km of road awarded prior to 2015 can never be the same as now.
Considering the cost of cements, granite, sand, iron rods and water.
He should concentrate on maintenance of failed portions and divert his attention from roads and rail to agriculture.
Cos even if contracts r awarded now, they won't be completed before he leave office.
And we all know how new administration behaves, once they come in, they stop contractors from working through starving themmof funds, contractors will be forced to leave site, they will inturn review the contract terms to suit their own demands...
At the end contract that was initially awarded for 10billion, will end up being review to 100billion. With enough kickbacks for the new guys.
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by Anuoluwa12345(f): 9:30am On Nov 03, 2021
There is nothing like Hausa Fulani, Hausa is a tribe on its own, so as Fulanis are too .. don't join two tribes together pls, thank you.
mike8804:
You can't seperate Almajiri system from hausa-fulani. Born to beg race!
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by jomoh: 9:33am On Nov 03, 2021
Gwan2:
You made salient point, however, human capital development and infrastructural development are NOT mutually exclusive. There’s danger if there is a big lag between the two. It only takes an uneducated sect a day or few to bring down major infrastructures. But it will be easier to figure out and fish out these elements when majority of the human capital is developed. Example is the confusion of Nigeria state to properly name state destroyers, and misusing terms like bandits, herdsmen, kidnappers, terrorist etc

Nigeria, most importantly need a structure than infrastructure. Imagine spending billions training medical personnel, sponsoring students overseas to school without any structural arrangement or bond or incentivised agreement pacts with timelines on how these individuals will transfer their knowledge to unskilled and less enlightened people back home. Most times, this brains trained by naija find their way out of the country because there is not structural plan for them, thereby depleting further the resources used in training them to that stage.
You’re very right. We need an wholistic approach. Human development must go hand in hand with infrastructural development in other to maximize the effect of the infrastructure and we can only achieve that with proper structure. Private individual can only do so much.
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by NairaMaster1(m): 9:43am On Nov 03, 2021
The infrastructure, to looting.
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by Ynix(m): 9:45am On Nov 03, 2021
lexy2014:
U made a valid point but who is deceiving our leaders
The economic theories by Havard, Stanford, Cambridge and Oxford Universities among others emphasize on using debt spending for growing any economy. Then they award scholarships to our best brains who eventually become political leaders and financial institution heads since they have brain washed them with those ideologies. No much work, they will keep running with what they have taught them.
Can you imagine the President and the Finance Minister saying we will borrow our way out of recession.When you hear that, your minds should go to the era of Great depression between 1918 and 1940s when Maynard Keynes the British Economist promoted his economic theories of debt spending under the cover of micro and macro Economics.
The question is this when are we going to own our own economic ideologies and theories that we make us independent and interdependent
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by Ynix(m): 9:50am On Nov 03, 2021
seunt4ut:
Healthcare is an infrastructure too
Good school , Road. Water. Good transportation system are all infrastructure. Not just fine houses.

Without a conducive environment to learn there won’t be sound and exceptional human.
Health Care is not Infrastructure. Meanwhile I am not against infrastructures but borrowing money to drive infrastructural growth when we are already 50 years behind the scenes.
If I should ask you assuming you were given 10 billion Naira and you were to use it for business which will you go for between the two
1. An investment that will give you up to 4 to 5 billion Naira or more by the end of the year.
2. A building project that will take years to be completed and about 15 years to get returns on investment
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by seunt4ut(m): 9:56am On Nov 03, 2021
Ynix:
Health Care is not Infrastructure. Meanwhile I am not against infrastructures but borrowing money to drive infrastructural growth when we are already 50 years behind the scenes.
If I should ask you assuming you were given 10 billion Naira and you were to use it for business which will you go for between the two
1. An investment that will give you up to 4 to 5 billion Naira or more by the end of the year.
2. A building project that will take years to be completed and about 15 years to get returns on investment
I gave up when you said health care is not infrastructure.
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by Ynix(m): 10:02am On Nov 03, 2021
jomoh:
The human development that happened between 1940-1970, where are they now?

If you develop human without infrastructure, they will leave your country for countries with infrastructure. Look at Nigerian doctors and nurses. We develop them but they leave in droves every year to countries like Saudi, UK, US. Countries that have infrastructure.

Human development has limited life span. 10-15years tops and it has continuous for life. Infrastructure development has a longer life span 25 to sometimes 100years.

Let me give you an example.

Look at the third mainland bridge that was built in 1990. Do you know how many millions of developed human passes on top of it daily?

Take your secondary and tertiary schools for example. They’re infrastructures. Do you know how many millions of human development has taken place in that infrastructure?

We need more of those infrastructures to build more human development. Whether you develop human or you don’t, human being will always find a way to develop himself cos it human nature to survive and the only way to survive is development but human cannot develop or survive without infrastructure/tools and those tools/infrastructures won’t develop themselves.
I am not against infrastructural development all I am saying is that at the moment it is great error to focus on accumulating debt on infrastructures that do not stand the test of time. I have read numbers of economic development books ranging from decades to centuries and I can boldly tell you that the perspective that you have to put infrastructural development first before human Development is a scam.
It is better you spend more money on making the people stable so that they can be more healthy, creative and productive and then they will build the infrastructures themselves than borrowing money that will be siphoned and have minimal impacts on the prime focus which is infrastructures.
Take note, a wise government will focus on people's development and human resource development before talking about infrastructures. People makes countries and not infrastructures, no matter how you do it the need for more infrastructures will not end but most importantly than infrastructures is putting those who will use it and create them for us in good condition.
Why can't we borrow money to develop our industries such that each local government have up to 10 industries so that people will not have to rush to Lagos and Abuja.
Let the Industries come first, then tie the infrastructural development to those industries, place an infrastructural tax after pushing those industries to the local government and use the fund raise for developing infrastructures in the community or better still let a particular percentage coming from each Industry annually be committed to infrastructural development.
We don't have to borrow, there are different routes to it.
I am not boasting, If I were to be in the seat of the executive governor of like my state I would have experimented with it and i am sure it will be functional best they are principle based and not theoritically churned.
The goal of every nation builder should be COMMON WEALTH first and foremost before anything
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by Biodun556(m): 10:06am On Nov 03, 2021
Ynix:
What Nigeria need at the moment is not Infrastructural development instead it is human development
Both at the same time, human development without infrastructure means lack of job.
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by Ynix(m): 10:06am On Nov 03, 2021
seunolu7:
The food you want to eat, is it not road they'll use to drive it to your area? If there is train carrying food across regions, will it not make food cheaper? The health care is it not inside a building you'll be attended to? Is it not when there is electrical infrastructure hospital will function well? If pdp did all this in 16 years, buhari will be building train in East because they'll have built lagos ibadan train since 2012. Yet nothing to show for pdp.
Bro I am a civil engineer by training in the roads and high way option, I can boldly tell you that Government do not have to borrow money to build roads, as a matter of facts industries should build roads and not government. Same with rail, Government can provide the rails but not necessarily the couches. During the time America was more functional economically before they allowed third party influences that led to the great depression, rail lines where built by individuals and businesses.
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by after4: 10:08am On Nov 03, 2021
The problem is what will happen when he comes down. Imagine using more than 80% of your internally generated revenue to service debt, not even the capital oh. My greatest annoyance are the foolish youths who still choose to support him for what ever reason.


Icumsa45:
Scaringly they haven't given account of how it has been utilized so far.
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by Ynix(m): 10:08am On Nov 03, 2021
Biodun556:
Both at the same time, human development without infrastructure means lack of job.
With basic infrastructures there can be jobs, no need to go for ones that will take 30 years of debt servicing to be paid for and eventually the infrastructures would have failed before the 30 years. Meanwhile statistics proved to me that those infrastructures do not provide the real jobs we need to grow our economy
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by after4: 10:10am On Nov 03, 2021
Don't waste your arguments on buhari supporters, it's above them


Ynix:
Bro I am a civil engineer by training in the roads and high way option, I can boldly tell you that Government do not have to borrow money to build roads, as a matter of facts industries should build roads and not government. Same with rail, Government can provide the rails but not necessarily the couches. During the time America was more functional economically before they allowed third party influences that led to the great depression, rail lines where built by individuals and businesses.
Re: Buhari Asks Investors For $1.5 Trillion To Bridge Nigeria’s Infrastructure Gap by Biodun556(m): 10:10am On Nov 03, 2021
Ynix:
With basic infrastructures there can be jobs, no need to go for ones that will take 30 years of debt servicing to be paid for and eventually the infrastructures would have failed before the 30 years. Meanwhile statistics proved to me that those infrastructures do not provide the real jobs we need to grow our economy
I think the call Buhari made in that gathering is not just to borrow but to woo investors
1 2 3 4 Reply

Fashola Clears Air On ‘US-Nigeria Infrastructure’ ComparisonBuhari Asks Police To Shoot Sunday Igboho, Followers On Sight - Peoples GazetteThird Mainland Bridge: Nigeria’s Longest Bridge Where Suicide Is Cheap234

Dapo Abiodun Holds Interactive Session With Automobile Technicians (Pictures)Is Rotimi Amaechi Now A Peter Obi Ally? (pictures)Buhari’s Govt Worst In Nigeria’s History, Tinubu Inherited Economy In ICU – SDP