Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,161,236 members, 7,846,112 topics. Date: Friday, 31 May 2024 at 10:48 AM

Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) - Politics (10) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) (41534 Views)

Can Infrastructure Drive Any Economy? Opinion / We Have Darkness Because We Have Incompetent People Managing Our Economy-fashola / 200 Nsukas Professors Mobilize For Atiku/obi 2019 Tickets (2) (3) (4)

(1) (2) (3) ... (7) (8) (9) (10) (11) (12) (13) ... (17) (Reply) (Go Down)

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by darediamond(m): 9:05am 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.
Could you please say Amen: May All The Happenings Of Endsars Fall On You.
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Workch: 9:05am On Jul 03, 2022
Minister of darkness don talk cheesy

1 Like

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Dubaku543: 9:06am On Jul 03, 2022
Diligent1:

You can't compare the performance of Obi to Fashola, 4% to 95%.
I have been asking people to list at least 5 projects successfully completed by Peter Obi, maybe you can help out.
IGR between both States aren't the same. In terms of development. Development has been in the South West right from time immemorial. Thanks to the whites.
South East was totally destroyed by the Nigerian army during the war and we have been developing from a scratch. The landmarks and policies of Peter Obi's 8 years of governance were foundational, fundamental, structural and strategic for upturning growth. Peter wouldn't turn a blind eye to inaccessible road, abandon it and start building a spaceship!!
I will list the things he achieved for you to see, despite the fact he was been fought mercilessly by the parliament because of his refusal to lobby and budget padding.

1 Like

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by darediamond(m): 9:06am On Jul 03, 2022
youngmd:
He does not have structure why are u having sleepless night cuz of him
Abi oo!
Elep me ask dem oo!
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Pakute: 9:06am On Jul 03, 2022
clinician2x:


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.
When has it been an economic crime to borrow money for capital infrastructures?.. Is there any developed country in the world that doesn't borrow to build infrastructures?
Once upon a time, we had Nigerian airways but it was grinded to a halt as a result of corruption. if it had been well managed, it would have had multiplier effect on the standard of living of average Nigerians. Does/Would corruption invalidate the importance of infrastructures?
If we had a Lagos- Calabar rail line, do you have an idea how massive that would improve the economy. The fact that we are blighted by corruption & insecurity challenges, does that mean we should be fooled by Obi's blunders. What a shame.

1 Like 1 Share

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by rollywise(m): 9:06am On Jul 03, 2022
Pakute:

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!




You father committed blunder birthing you. Did Obi not recently mention education as human infrastructure you have to first develope before any other infrastructure? Oh you not current I guess. Who is better amongst the three contestants The other two and their cohorts and godfathers and structures as you call it has ran this country aground. No one has hope in this country anymore and you here schooling who? At this time?? I have heard all of them speak and I'm perplexed at the level of experience in OBI. He's a man who knows what he's talking and doing at same time with proofs to show. If it's just curbing the excess spending in government, that's a great achievement for me for a start. Go sleep jor
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Saintinoo(m): 9:06am On Jul 03, 2022
kingyakos:



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

Asif these flyovers these governors are building is even important, they are all to show off, we need important investment not white elephant projects.

Inflation is at almost 20percent because we don't produce enough and they are here talking about flyovers and railways.
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by malkomchris: 9:07am On Jul 03, 2022
Driving Economy with infrastructure for more than seven years, yet millions of people are still unable to feed, Oga rest, saying something that is not feasible. Let's try another approach

2 Likes 1 Share

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by onuman: 9:08am On Jul 03, 2022
LifestyleTonite:
Fashola Schools Peter Obi On Infrastructure

See video:



https://www.youtube.com/watch?v=k9HUruemlAI
According to Fashola:

1) "I will not repeat it again."
1) "the construction companies does not manufacture them."
Fashola murders English language, as uaual, trying to use a 2nd Niger bridge as achievement.
Electricity is the number one infrastructure that drives any economy.
Fashola has seen to the near total collapse of electricity supply in Nigeria, yet he is not ashamed to speak of achievements of his before the public.
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Workch: 9:08am On Jul 03, 2022
michlins:
This government went on the biggest infrastructure drive of the decade and still we went into recession twice.

Infrastructure doesn't drive economy
Which this infrastructure? �
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by sencekompis: 9:08am On Jul 03, 2022
OBITUARY OLODO

1 Like 1 Share

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Oyiboman69: 9:08am On Jul 03, 2022
Saintinoo:


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.
you're now on the same page with me....
Development starts with an with a comfortable environment which is infrastructure that can attract both local and foreign investors...
Next time you should add security to your list of solutions
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Workch: 9:09am On Jul 03, 2022
michlins:
This government went on the biggest infrastructure drive of the decade and still we went into recession twice.

Infrastructure doesn't drive economy
Which infrastructure? grin
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by ada9ja(f): 9:10am 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

Tinubu students are going great because of the kind of government we have...in advance and reasonable government, Tinubu should have been in prison tutoring some prisoners.

If Tinubu should be considerate for once, he also will vote for Obi

2 Likes

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Abassmt: 9:11am On Jul 03, 2022
TheGoodJoe:


You boost the micro economy first. Get small and medium scale businesses producing. When it is time for doing Macro businesses, the purchase will come from local production.

That is how you drive the economy. From down up. Not from top down.
But the people that surpose to produce are running out of business due to lack of electricity , without investing heavily in power infrastructure Bros no way you can boost local production. I'm one of person these thing affect directly I know how much I'm spending every week but idon t know how we can solve this menace I think we need to decentralized this Powe of athing but our lawmakers are The one to do this not even the President but because of different interests they will not do it I'm just tired for this country.
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by REDshouse(m): 9:11am On Jul 03, 2022
Dubaku543:
IGR between both States aren't the same. In terms of development. Development has been in the South West right from time immemorial. Thanks to the whites.
South East was totally destroyed by the Nigerian army during the war and we have been developing from a scratch. The landmarks and policies of Peter Obi's 8 years of governance were foundational, fundamental, structural and strategic for upturning growth. Peter wouldn't turn a blind eye to inaccessible road, abandon it and start building a spaceship!!
I will list the things he achieved for you to see, despite the fact he was been fought mercilessly by the parliament because of his refusal to lobby and budget padding.
but Obi deliver 75b when he was so clueless on what to use it for... but Fashola was able to borrow money for development that we are enjoying and witnessing in Lagos...

2 Likes 1 Share

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by rollywise(m): 9:12am 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.









I came with so much anger but you just told me to calm down. Now I'm calm

1 Like

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Pakute: 9:13am On Jul 03, 2022
rollywise:





You father committed blunder birthing you. Did Obi not recently mention education as human infrastructure you have to first develope before any other infrastructure? Oh you not current I guess. Who is better amongst the three contestants The other two and their cohorts and godfathers and structures as you call it has ran this country aground. No one has hope in this country anymore and you here schooling who? At this time?? I have heard all of them speak and I'm perplexed at the level of experience in OBI. He's a man who knows what he's talking and doing at same time with proofs to show. If it's just curbing the excess spending in government, that's a great achievement for me for a start. Go sleep jor
Obi is a fraud. Little wonder he graduated with 3rd class in Philosophy after 10 years. You are a product of poor and jaundiced Education. How can the fraud says infrastructures do not drive an economy and you are here defending his blunders. You are a total waste of space.

2 Likes 1 Share

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by REDshouse(m): 9:14am On Jul 03, 2022
Grandmeister:

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.

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 ...

1 Like

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by rollywise(m): 9:14am On Jul 03, 2022
Obi is really a big threat. They are digging up whatever they can to discredit him lol. It's welcomed. It's part of politics. You didn't play the part where "the vice presidential candidate" spoke. I never even hear Failureshola mentioned he was referring to Obi who was the PDP presidential candidate as at then. Make una carry on. The more you post rubbish the more OBI-dient we remain grin grin grin
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by onuman: 9:15am On Jul 03, 2022
crestedaguiyi:
Make we hear word.

It's almost 8 years, no light, no good road, no security , even the infrastructure is no were to be found.


No freedom to even protest

I pity those still posting your rhetorics.


Fashola greedily accepted Buhari's inconsiderate offer to supervise 3 huge departments in Nigeria's federal government - Power, Works, and Housing.

After 8 years, no electricity, no roads, no housing.

Fashola comes now to campaign with an uncompleted 2nd bridge across the Niger.
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by 989900: 9:17am On Jul 03, 2022
First of, Obi didn't say that (he built schools, roads, hospitals, etc.), he only emphasized HDI.
When bill gates came to Nigeria, he hammered on HDI.

Infrastructure is good, it would drive the economy, but it's just a piece of the pizza.


Infrastructure vs HDI


See Abuja-Kaduna railway/highway: infrastructure is built, but acutely low HDI has put it in coma.

Same thing with power installations being vandalized by Vandals.

Same with pipelines . . .

Yoruba adage

Ọmọ ti wọn o kọ, ni a gbe ile ti wọn kọ ta.

Translation: The pikin that's not built/trained, would sell the house that you built.

2 Likes

Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by fanzine(f): 9:20am On Jul 03, 2022
Pakute:

It seems you haven't heard that Lekki seaport is the latest infrastructure in town. Ti.nubu na your mate?
You that is shouting lekki up and down. Can you afford to live or have a property in lekki?. Do you know how much revenue your so called Tinubu generates from lekki till date.
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by kingyakos: 9:22am On Jul 03, 2022
Saintinoo:


Asif these flyovers these governors are building is even important, they are all to show off, we need important investment not white elephant projects.

Inflation is at almost 20percent because we don't produce enough and they are here talking about flyovers and railways.



Go to our sea port, 99% of ship that brings in goods to Nigeria sail back empty.
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Grandmeister(m): 9:22am 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 ...

Lol you believe the best lectures and students were tutored because of a four cornered wall? Chaii. Truly we need to do away with the derelict colonial system of education left for us since the last century.
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Nobody: 9:24am 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

Common sense Zero if infrastructure doesn't grow the economy why do we have ports in Lagos why is it that 70% of all the goods in the country use Lagos ports and assess its impact on Lagos. Fashola was a good governor in Lagos but his actions recently shows he is losing focus from forming inspector gadget at Lekki toll gate to misyarning like this.
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Nobody: 9:25am On Jul 03, 2022
Pakute:

It seems you haven't heard that Lekki seaport is the latest infrastructure in town. Tinubu na your mate?

Oga face Osun state and worry about the infrastructure in your state of Osun and stop claiming Lagos
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by clinician2x: 9:26am On Jul 03, 2022
Pakute:

When has it been an economic crime to borrow money for capital infrastructures?.. Is there any developed country in the world that doesn't borrow to build infrastructures?
Once upon a time, we had Nigerian airways but it was grinded to a halt as a result of corruption. if it had been well managed, it would have had multiplier effect on the standard of living of average Nigerians. Does/Would corruption invalidate the importance of infrastructures?
If we had a Lagos- Calabar rail line, do you have an idea how massive that would improve the economy. The fact that we are blighted by corruption & insecurity challenges, does that mean we should be fooled by Obi's blunders. What a shame.

You are not answering my question. There is no where i said borrowing money is wrong. Even obi cannot say such. USA is in debt same as China. But what matters most is what do u do with the money u borrow.

I am asking you. What is the economic benefit of the railway and trains Nigeria borrowed huge amounts to build. Shebi na infrastructure? And by far one of the most expensive infrastructure in Nigeria today. What is the economic advantages of that infrastructure and how much does it add to nigerian economy? That is the question.

The annual budget for maintaining that rail system is more than the annual revenue it generates. That is why Obi said you cannot drive nigerian economy with stuffs like this. You need to stop borrowing to fund these things. Identify local content manufacturers and fund them to produce more. When they produce more, u increase salaries to increase purchasing power so that people will buy more. By buying more people will pay more VAT and the GDP will grow. When the GDP increases, the economy is growing.


Obi is a trader and he understands these things. Unfortunately however the people he is telling are zombies. They are just brain dead, roaming around aimlessly and ignorantly. They have eyes but they don't see, ears but do not hear, brains but they do not think.

That is why someone will borrow away ur future, build train systems u do not need and like a zombie u come out and be clapping because u cannot see the real intents and purposes of that project.

Spits
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Saintinoo(m): 9:27am On Jul 03, 2022
kingyakos:




Go to our sea port, 99% of ship that brings in goods to Nigeria sail back empty.

Haha, we important all we use and export empty space on the cargo to those industrial countries.

We know the right thing but politics won't allow us reason well.
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Grandmeister(m): 9:28am On Jul 03, 2022
kingyakos:




Go to our sea port, 99% of ship that brings in goods to Nigeria sail back empty.
That is the point! Because we produce little of economic value! You borrowed trillions of naira to build a railway system and you can't even produce enough food to feed half of the population! Now tell me, what exactly will the trains be conveying from point A to B? Is not better to first bring up your production to a respectable margin and then invest in the railway and ports? You want to run when you can barely put one foot ahead of the other?
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Basher8583: 9:28am On Jul 03, 2022
ImmaculateJOE:

So you people saw this man and brought Tinibu for us...?
Kole work!

Olodo. You see a good student trained by an intelligent master. So its the student you will prefer to go with when the full option of choosing the master is there.

Haaa Gawd. This Igbos are cursed with making bad choices
Re: Can Infrastructure Drive An Economy? Fashola Counters Peter Obi (2019) by Nobody: 9:30am On Jul 03, 2022
Fashola didn't really make sense with what he said. Yes infrastructure is important but what drives the infrastructure if not human capital. Invest in Human capital and you have infrastructure. If you bring infrastructure projects without human capital where will you drive purchases, LPOs and other purchase orders? Fashola is a lawyer I can bet that his advisors in the ministry told him what to say because he really has no clue how infrastructure and human capital are linked. The Asian tigers started with Human capital then later invested in infrastructure. China started by first improving on human capital before looking inwards for infrastructural growth.

(1) (2) (3) ... (7) (8) (9) (10) (11) (12) (13) ... (17) (Reply)

Salome Abuh: Killers Of PDP Women Leader Paraded In Lokoja / Tinubu Storms Ondo For APC Campaign Flag Off. / Okorocha Reveals What Will Happen If Buhari Loses 2019 Election

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 87
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.