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Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) - Politics (9) - Nairaland

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Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Grandmeister(m): 8:33am On Jul 03, 2022
pacespot:
Fashola, have you forgotten that the price of crude oil per barrel has been hovering around over $100 to $140 for months Now, but it hasn't in any way helped the Naira to regain its value, Naira has been falling against Dollar and other major international currencies while the oil price is rising. How chaotic is that in this Buhari's economy? The only reason that you people attributed to the falling Naira was the slumping oil price, but reverse is the case now.

You don't have to go to school to study economics for you to know that the engine of economic growth worldwide is the private sectors, infrastructure like road and rail network might help but it is not a guarantee for economic growth. Real estate has even proven to be more instrumental for the economic growth than the aforementioned infrastructure, because this capital expenditure helps drive business activities at the consumer level which reduce overhead costs of starting a business, rent.

So infrastructure is not a guarantee for economic growth if it is not aligned with other growth indices that help the private sector to thrive.
What grows an economy is HUMAN CAPITAL...that is the number one thing. For a country to grow you have to first educate your populace, then provide good health care system and thirdly security. The infrastructure comes later...if your people are poorly educated how will they run and manage the infrastructure when it comes? If your people are dying off at 54 years who will man the offices and infrastructure? If your people are afraid to come out and work due to insecurity who will work the infrastructure? This is common sense. Do you think the countries economic hubs like lagos, Anambra, aba is thriving because of infrastructure? It is the people, not the flyovers or even roads. For a country that can't produce enough to feed it's entire population now tell me what it will be transporting on the railway? We have been putting the cart before the horse in this country that is why nothing barely works.

1 Like

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by alltribe: 8:33am On Jul 03, 2022
My question to Fashola is,why are they continue deceiving themselves that they are building infrastructure,which infrastructure?He knows deep down inside his heart the money they said they used to construct one bridge and for unending years,other countries like China,Indonesia etc,will use same amount to build ten times better and more beautiful bridges of that size.When i listened to one of the interviews of PO,he rightly pointed out this fraud these political robbers have been doing.
LifestyleTonite:
Fashola Schools Peter Obi On Infrastructure

See video:



https://www.youtube.com/watch?v=k9HUruemlAI
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Oyiboman69: 8:35am On Jul 03, 2022
Saintinoo:


Tell me how building rail lines from Abuja to Kaduna has helped the economy of Nigeria.

Tell me how building fly overs have helped the economy of Nigeria.

No body is saying that infrastructure is not important, that can come and at the important places.

Good motorable roads in villages that produce food, that we need now.

There are sectors which will drive development and create jobs before we talk about building fly overs and rail ways which we need to borrow first.
it is more painful that you don't know that one's momentary value is determine by the value of it's currency due to how it manages it's inflation internally.
How do you manage it?,by exporting more produce?. I believe your government has been engaging in large exportation and the result is obvious over the years.
your economical value can only be achieved through a meaningful IGR and GDP...how your candidate right by demeaning infrastructure?
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by JAGS001(m): 8:37am On Jul 03, 2022
PresidObi:
Nigeria,

A country where proven public service failures stand up to lecture others who had made a success of both their private and public lives. Fashola should be ashamed of himself for talking about economy even while his government has collapsed under economic woes.

You really cannot use infrastructure to grow the economy, what Fashola failed to mention was that the millions of liters of gas used to build the bridge were imported, at a very negative balance of trade for a country that has gas under its soil? Most of the other materials and manpower are also imported, benefiting foreign countries. The number of expatriate workers in JB will amaze you, with thrice that number serving them as cooks, gardeners, drivers and security men. Loss of foreign currency.

You grow the economy organically, by improvements in the GDP, creating enabling environment with power supply (an area Fashola failed woefully) and making sure more people work and exchange goods and services, not to talk about tax. APC keep proving everyday that they are passers by in the corridors of power.

Vote for Peter Obi.

He will make Nigeria so rich and prosperous that the likes of Fashola will relocate to Jamaica to hide their faces.

So you mean obi is better than fashola?
Chai I hope you guys wake up from your dreams, meanwhile obi can't win one state in the SE just keep making noise here

1 Like 1 Share

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Pakute: 8:37am On Jul 03, 2022
Saintinoo:


I was in the Northeast in 2015 till almost 2020, the Hausa and Buhari supporters were making the same statement you just made about giving time and everything will work.

I told them same thing I will tell you now, with a plan, I mean visible plan and blueprint, no project can be accomplished.

Infrastructure in Nigeria is a big show off, every politician is building just to show off, they are not hitting the target, they are even building these things at the wrong places.

If you talk about corruption and insecurity, it is the business of the government, be it present or incoming to tackle that.
Education itself is an infrastructure. Without it, you can't build on anything. I have never been this ashamed of ignorant folks defending Obi's blunders.
Do you understand what infrastructure is?.. Can you define it?.. Can there be production without infrastructures?.. Oh my!

1 Like 1 Share

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by bigcee(m): 8:37am On Jul 03, 2022
mach7:
Fashola and Obi are not mates.

One major drawback of Obi is that he talks a lot and if you delve deep into what he is saying most times, it is hard to correlate his words into tangible solutions for the economy.

Furthermore, a lot of youths shouting Obi really do not even bother to critique his ideas or solutions. To them it is simply about being "Obidient"

Abeg obidient to what? Most don't even know.
Crass, very Crass.

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by uniquetechng: 8:38am On Jul 03, 2022
Saintinoo:


Please I can't start explaining to you how education grows the economy, any person who successfully completed SS 3 will know how education benefits the economy.

Unless you are not educated at all.
In a sane country where things work yeah, but not in a nation where politicians values their allowances more than lecturers' salaries, where 80% of graduates are unemployed and the ones employed are underpaid, where education has the least allocation annually while the president's travel needs takes more allocation than education.
A nation where the president donates millions of dollars to Niger Republic and Pakistan while ASUU is on strike.

If only a kids will not understand the message hidden in my comments .

There is a reason Nigerians are beginning to see education as scam and waste of time, but I dont expect someone with your cerebral capacity to understand that.
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by uniquetechng: 8:39am On Jul 03, 2022
JAGS001:

So you mean obi is better than fashola?
Chai I hope you guys wake up from your dreams, meanwhile obi can't win one state in the SE just keep making noise here
Explain how Fashola betters Obi education wise.
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by excess4luv: 8:39am On Jul 03, 2022
Abassmt:
The problem is that politicians will tell you what will suit you to make you like them and vote for them like Tinubu ,Fashola ,Peter Obi inclusive but no reality these things can not be achieve in short time especially when you are talking about countries as curupt as Nigeria where everyone is looking for ways to get their own share, but a very long time plan and one day if followed by successive gorverment we will achieve it and you will remember who started it.

Please can you remind me of the longtime plan the Fashola ministry/APC led government has for the power sector.
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by bigcee(m): 8:40am On Jul 03, 2022
Jostoman:
Oga fashola please where is our camcoder you discover at lekki tollgate? We want to check something inside.
grin

1 Like

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by bluefilm: 8:42am On Jul 03, 2022
Fashola should concentrate on finding more camera evidences on the site of lekki shooting.

Maybe he thinks we have forgotten his role in the saga.

Nonsense angry
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by kingyakos: 8:42am On Jul 03, 2022
Saintinoo:


Tell me how building rail lines from Abuja to Kaduna has helped the economy of Nigeria.

Tell me how building fly overs have helped the economy of Nigeria.

No body is saying that infrastructure is not important, that can come and at the important places.

Good motorable roads in villages that produce food, that we need now.

There are sectors which will drive development and create jobs before we talk about building fly overs and rail ways which we need to borrow first.


Thanks for your factual reply and in addition to your reply i asked:

What is the essence of railway if there is no goods and services to be conveyed from one place to another.

What are we producing for our railways and flyover to conveyed from one place to another
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Oyiboman69: 8:43am On Jul 03, 2022
Dikebuka:
Infrastructure drives economy and we have 3 mega refinery and still pay for petroleum subsidies

Its good government policy that drives economy not infrastructure.

thanks to your super fashola and co who over the years ,had acknowledged that infrastructure does not drive economy and our monthly GDP is is higher than the annual GDP in the state of California in the USA...
Your statement reek off ignorance for referring to your refinery as mega without knowing it's sorry state..
.
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Pakute: 8:43am On Jul 03, 2022
micflo28:
Obidient is not just about infrastructure, it is about production. If we cannot refine even a barrel of oil we use, then we have failed as a nation.
Pls, I beg you Igbos, stop embarrassing this country abeg.
Can you produce without infrastructures?.. Is Refinery not an infrastructure?.. Can you refine oil without a refinery?

Pls face your 2×2 and leave economics for us. pls. you guys are traders, you only buy & sell.

1 Like 1 Share

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by KaluwisxPRO: 8:44am On Jul 03, 2022
Fashion is a dunce, infrastructures from government is a No.

It is not the governments responsibilities to build infrastructures, those are for private citizens, investors and foreign investors.

The rail built from Abuja to kaduna is being subsidized because it belongs to FG while a whopping loan is being paid on it, how will the FG recoup what was spent on the lines and coaches?? Maintenance?

Now tell me, if this rail was built and owned by a private company, do you think they will subsidize the cost of transportation No, Nigeria is gone with corruption with the government deceive its citizen about who builds what.


Government’s duty so far as infrastructure is concerned are to provide basics services. There’s no National refuse agency, yet Nigeria has the biggest slums.

No basic educational control center that regulates how basic education is carried out, states handle those already with FG leading the way with quota system.


No basic fire service in the whole country, except Abuja and Lagos island.

No running water to our homes, we drill our own boreholes.

Electricity, no need to discuss this one

Security, you’re on your own.

Hospital, if you wanna survive, you face private hospital.

So what basic services is the Nigeria government providing that they want to invest in infrastructures? Who will maintain such infrastructures when built??

There’s nowhere in the world where the government is full responsible to build roads and bridges, most private companies will do it if they’ll get a tax cut. But only dangote and a few big firms enjoy that privilege right now.
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Pakute: 8:44am On Jul 03, 2022
REDshouse:


please Define Human Capital without Infrastructure.... you need to put infrastructure first in place where u can now teach or lecture your citizen on how to use or earn from it...

no classrooms but you want to teach ur students ...

These are ipob illiterates. Handing over Nigeria to them will further destroy our economy. Reading how gullible they are brings tears to my eyes.

Human capital itself is an infrastructure, Education is an infrastructure. Without Infrastructures, there can't be production, there can't be productivity and there can't be growth & development.
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Abassmt: 8:45am On Jul 03, 2022
Saintinoo:


Oga Inflation in Nigeria is not as a result of lack of infrastructure. there were no infrastructure before and inflation was at 9 percent before 2015.

Again what do you understand by infrastructure, mind you there are two types of infrastructure, Economic and social infrastructure. Nigeria at this stage don't need fly overs, stadium and dual roads in state capital. We don't need show off infrastructure.

Production goes hand in hand with infrastructure, now here is an example, Dangote is building a refinery I. Lagos, he or the government builds a road that will link the refinery to the town, that's what we are talking about.

Karim Lamido local government in Taraba state has the highest production of rice, the government builds a road that will link that village to the market, that is what we are talking about.

Now you must develop the production and the basic infrastructure comes together. And mind you when we talk about infrastructure, the power sector is another infrastructure, this is something Nigeria politicians don't know.

I am not fronting Obi because I like him no, I only relate with his Economic policies.
we don't need to defend anybody to or surport anybody what is the fact is fact if you elect anybody as President of this country even an angel this is what is going to happen if you truly know your country very well until we as the citizens change our minds no hope.But without infrastructure inflation will continue to rise year after year irrespective of be anybody in power.We should direct our agitation to local government to get their autonomy and make them to function well because they are the closest to the people.
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by JAGS001(m): 8:50am On Jul 03, 2022
uniquetechng:
Explain how Fashola betters Obi education wise.
Very far better than obi in his achievement as a governor and even as a minister, thank God you have Google try to check before you guys should start spiting nonsense outter your tribal mentality, I wonder how y'all obi supporters expect to get votes from those you are insulting their elders, Igbo people only sabi selling parts, politics isn't your way just go and continue hustling in Lagos we can tolerate your nonsense but you can't rule our beautiful country, I mean our beautiful zoo as Igbo used to call it, thanks.

1 Like 1 Share

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by clinician2x: 8:52am On Jul 03, 2022
Pakute:

Without Infrastructures, there can never be production. Do you even understand the meaning of infrastructure?. I don't think you do.

How much value is the railway systems funded by Chinese loans adding to the production capacity of nigeria?

How can you borrow money to build railway but the annual budget to maintain the railway is more than the revenue?

Nigeria is a true reflection of it's leaders because most of u people are empty and loquacious.

2 Likes

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Mozegee: 8:53am On Jul 03, 2022
Are u not ashame that your master class , PhD Tinimbu brought this calamity of 8yrs to people of Nigeria.And he want to continue were his stooge stop. Brother Nigerian are wiser now. The 2023 president election will shock people like you.
LeoDeKing:
Pandora hoebi with a 3rd class in Philosophy is not qualified to be taught directly by the great Asiwaju of Nigeria.

He should be attending classes where Tinubu's students are lecturers.

All Tinubu's students are doing great, pandora hoebi the olodo should consult them, not Tinubu. Tinubu is too big for him. cheesy
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Oyiboman69: 8:54am On Jul 03, 2022
Jostoman:
don't mind them
I blame peter obi for engaging the idiot in the first place.

He should be engaging his principal tinubu who they are vying for the same political position...

1 Like

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by harmargedon: 8:55am On Jul 03, 2022
Abdul05:
Fashola ,tinubu , osinbajo and Co are all considerable Intellects.....

and ,they are also rational and political healthy unlike the fake one from the land of Biafra,,. grin


yeah, we can feel the effects currently. Please how much is gas in your area, or a bag of rice or transportation, or price of electronics?
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Abassmt: 8:56am On Jul 03, 2022
NakedTruth4eva:

Yorubas are tribal bigots. I'm from the SS and I can tell you for free that Yorubas have resentment for anything or anyone that's not Yoruba. They can't insult Northerners the way they insult and vilify other southerners. Jonathan's administration wasn't bad like Buhari's regime yet they vilified him and turned a blind eye to Buhari's bad leadership. My happiness is that Buhari's bad leadership is affecting them too like the Lekki massacre and Owo massacre. They supported Buhari because of a Vp position. They have not finished enjoying their Buhari, they are projecting Tinubu
Why are you talking like this , but I don't know how old you are, and I don't know if you witness what happened during military gorverment and during Obasanjo s regime which people fought Abacha and Babangida for us to have this democracy we are enjoying today despite being chasing and killed some of them or which tribe criticize Obasanjo most.

1 Like 1 Share

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by persius555(m): 8:56am On Jul 03, 2022
Fashola is a better administrator. He should remain so. But when a layer begins to think he's a better Economist, I conclude that he has totally derailed from his competence.

1 Like

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by micflo28(m): 8:57am On Jul 03, 2022
Pakute:

Pls, I beg you Igbos, stop embarrassing this country abeg.
Can you produce without infrastructures?.. Is Refinery not an infrastructure?.. Can you refine oil without a refinery?

Pls face your 2×2 and leave economics for us. pls. you guys are traders, you only buy & sell.
My brother, I am not in support of any party, I am voting based on a credible candidate. 30 soldiers were massacred in Niger state early last week and some were threatening to protest over poor welfare. They die in battle field and hunger kills their families back at home. If you feel Tinubu who has promised to recruit 50 million youths into the army and feed them with Agbaje and corn is a credible candidate to you, go with your conscience. All I know is that we will not let this nation die else they should let every tribe willing to go, go.
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by rollywise(m): 8:58am On Jul 03, 2022
Abdul05:
Fashola ,tinubu , osinbajo and Co are all considerable Intellects.....

and ,they are also rational and political healthy unlike the fake one from the land of Biafra,,. grin





How you got 250+ likes still baffles me. We really deserve the leaders we get. See where the three you mentioned above has led this country. Groundnut oil of 750 in January is already 1500 as at April. All I know is, if you people destroy our chance of getting it right this next election, then if you can afford this country then I can too. Let's go there. Unserious people everywhere
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Saintinoo(m): 8:59am On Jul 03, 2022
Oyiboman69:
it is more painful that you don't know that one's momentary value is determine by the value of it's currency due to how it manages it's inflation internally.
How do you manage it?,by exporting more produce?. I believe your government has been engaging in large exportation and the result is obvious over the years.
your economical value can only be achieved through a meaningful IGR and GDP...how your candidate right by demeaning infrastructure?

Let me first of all tell you what inflation is.

Inflation is the continuous increase in the prices of goods and services over a period of time, as a result of too much money in circulation without adequate increase in production to match the increase in money. That is according to the Chicago school of thought.

Now, to fight inflation the monetary institution will use contractionary tools to reduce money in circulation. while the fiscal institution comes up with production policy.

How will they do this? Invest in SMEs, improve the power and manufacturing sector. And make sure that local production are consumed locally.

Now, one of the basic for Nigeria inflation is what we call "imported inflation", you here people talking about USA, Russia goods being expensive and inturn gets expensive in Nigeria, even raw materials for production.

When Nigeria produce and consume what it produce, inflation will go to a single digit, and a single digit inflation of about 6 to 8 percent is best for an economy because it will help protect producers.

In development Economics, there are two types of growth model most countries use.

1. Balanced growth model
2. Unbalanced growth model

Our argument is for the unbalanced growth model, because as a developing country, we don't have the fund to go for a balance growth model.

In an unbalanced growth model, you develop some key sectors which will help in developing others.

In the case of Nigeria, you don't start building fly overs and railways in cities, they will do nothing to develop other sectors.

You have to develop the power sector, mining sector, education sector and the SMEs as this will help manufacturers produce more, which inturn will create more employment, grow the nation GDP and bring down inflation in the country.

Thank you.

1 Like

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by uniquetechng: 8:59am On Jul 03, 2022
JAGS001:

Very far better than obi in his achievement as a governor and even as a minister, thank God you have Google try to check before you guys should start spiting nonsense outter your tribal mentality, I wonder how y'all obi supporters expect to get votes from those you are insulting their elders, Igbo people only sabi selling parts, politics isn't your way just go and continue hustling in Lagos we can tolerate your nonsense but you can't rule our beautiful country, I mean our beautiful zoo as Igbo used to call it, thanks.
I am not Igbo you f.aggot, I was born in Lagos and has lived in Lagos for 47 years with my wife and grown up children so there is nothing you want to tell me about Lagos. Its actually easier to govern Lagos being a former capital than to govern Anambra state, so I laugh when people hype Fash base on being a governor for 8 years in Lagos.
Lagos state has same GDP as Dubai but can you confidently say both are on same level in terms of development ?
Fashola actually took more loans than any other governor of the state in 8 years despite the huge revenue generated by the state on a monthly basis under his tenure.

He failed as minister so dont even mention that, Obi was a successful business man and a billionaire before becoming governor of Anambra state, can you say the same for Fash ?

1 Like

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by haffaze777(m): 9:00am On Jul 03, 2022
VcStunner:

You all are really hurting, A blind can tell lol. Thing is, The Pandora man found an offshore secure investment destination and like all smart business men like Saraki, he secured is daughters future first because your country's future looks bleak. Now he has volunteered to do things differently and you guys are whining?

What do you want? Progress or retrogression?
Cuz last I checked, the biggest decision Tinubu ever made as a politician brought this country down to 3rd world in 7years. So what is your play huh?

I just don't want the kind of progress he made in Anambra,when I have chance to have the kind of Lagos progressgrin

2 Likes 1 Share

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by hamtabfawaz(m): 9:04am On Jul 03, 2022
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by incandescentena: 9:04am On Jul 03, 2022
LeoDeKing:
Pandora hoebi with a 3rd class in Philosophy is not qualified to be taught directly by the great Asiwaju of Nigeria.

He should be attending classes where Tinubu's students are lecturers.

All Tinubu's students are doing great, pandora hoebi the olodo should consult them, not Tinubu. Tinubu is too big for him. cheesy

APC, You can’t fool all the people all of the time even if you fool the right
ones, the rest will NEVER fall behind your evil party

2 Likes

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