Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development - Politics

Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development (16818 Views)

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Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by bennybuhari(op): 6:18am On Oct 28, 2022

Governorship candidate of the Peoples Democratic Party (PDP) in Lagos State, Olajide Adediran popularly known as Jandor on Thursday said there is no justification for the N350 billion Lagos State governor, Babajide Sanwo-Olu wants to borrow.

The governor who presented a budget of N1.69 trillion to the State House of Assembly for approval for the 2023 fiscal year had revealed that the state will borrow N350 billion to fund the 2023 budget.

The governor disclosed that the budget is deficit and is to be financed by borrowing, which is pegged at N350 billion.

Currently, Lagos’ domestic debt as at June 2022, according to the Debt Management Office (DMO) stands at N797,305,312,602.53, while the foreign debt stands at 1.27 billion US Dollars (N555.828bn).

Speaking with DAILY INDEPENDENT, Jandor said Sanwo-Olu is yet to account for the N255 billion he borrowed without nothing to show for it.

"Has he ( Sanwo-Olu) accounted for the N255 billion borrowed by his administration with nothing to show for it? He grew our local debt from N542 billion in 2019 to N797 billion today with no single development to show for it" he said.

https://independent.ng/budget-sanwo-olu-grew-lagos-debt-from-n542b-to-n797b-without-any-development-jandor/

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Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by frndfghtr(m): 6:31am On Oct 28, 2022

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by greenermodels: 6:47am On Oct 28, 2022

Looting is the order of the day.

85 Likes 6 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Nsonaso(m): 6:55am On Oct 28, 2022

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by OPICANTO2223: 6:55am On Oct 28, 2022

Tinibu is working. Hypocritical people that yanked off a performing governor Ambode.

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Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Racoon(m): 6:55am On Oct 28, 2022

Tinubu’s protegee developing the Lagos that Tinubu built the way he taught him as a legacy.

8 Likes 2 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by herkeem: 6:56am On Oct 28, 2022

TINUBU'S LAGOS

https://www.youtube.com/watch?v=yeMSWGDRfdo

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Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by verybadmouth(m): 6:56am On Oct 28, 2022

So we should vote Jandor abi.
No wahala.

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Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Holywizard: 6:56am On Oct 28, 2022

Tinubu's cut is the major problem

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Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Sannisege: 6:56am On Oct 28, 2022

Jandor na blind man o. So he can’t see all these trains, roads etc?

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Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by KingOfTheDamned: 6:56am On Oct 28, 2022

No one cares...that's an Odua problem....

The fact is never ever will APC rule us again after Buhari...

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Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Stevenson20: 6:56am On Oct 28, 2022

If you think Lagos state governor is not doing anything, go and ask Abia state, Benue, and kogi governors how far

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Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by MITCHELL96: 6:56am On Oct 28, 2022

This is what happens when you elect a bad leader!

Tinubu will do the worst if elected! angry

He took Lagos as his personal property, just imagine if he becomes president, he'll own other states just like he's done to Lagos.

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Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by OceanRed(m): 6:56am On Oct 28, 2022

how the projects he dey commission up and down?

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Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Offpoint1: 6:56am On Oct 28, 2022

Let's keep politics aside and acknowledge those who really worked.

San is trying, him and that Akwa Ibom guy are doing well.

15 Likes 2 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by twilliamx(m): 6:56am On Oct 28, 2022

This one wey gbadamosi called a dullard..

18 Likes 3 Shares

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by OkutaNla: 6:56am On Oct 28, 2022

Jandor, why you dey lie?? Anyway, you are wasting your time.

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Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by marv1: 6:57am On Oct 28, 2022

Yes We are not surprised . He must do jagaban's bidden .

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by bonechamberlain(m): 6:57am On Oct 28, 2022

I wonder why Lagos state still borrows to fund budget. A state making over 40b Naira monthly.This is a world wonder.
The money Lagos makes and still making is enough to complete any project within 4 years without borrowing.

People would mention rail, rail that has been under construction for over a decade.

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Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Opinedecandid(m): 6:57am On Oct 28, 2022

Na Tinubu boi, na

You don't know what he did?

He has done Tinubu, na

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Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Anthony0094(m): 6:57am On Oct 28, 2022

may he go borrow from BAT grin

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Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by ritteousness(m): 6:57am On Oct 28, 2022

very competent sanwo olu

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by KUNZEH(m): 6:57am On Oct 28, 2022

Re: Jandor: Sanwo-Olu Grew Lagos Debt From N542b To N797b Without Any Development by Arelyn: 6:57am On Oct 28, 2022*

When a poor man hears about debt, they run helter-skelter and even go to the extreme to avoid one of the world's basic secrets to prosperity...

The rich view debt as a very strong financial instrument to accumulate wealth as they know everything the bank claims to have as cash reserve is nothing but figures and are only propped up by the gullible ones who think saving money is the right way to accumulate wealth...

When you save money, you barely make any reasonable interest on it rather the bank invest your money in well-calculated high-risk debt funds and other financial instruments, make interest on your money but share little to no profit with you, that's why savings interest rate are always the lowest in the history of financial appropriations

When money is borrowed for the right reasons under reasonable repayment structures and invested in capital expenditures, servicing such debt becomes less of a burden as the project under every reasonable circumstance will have a service life that far exceeds human life..

Mr Jandor either knows the truth but playing to the gallery to appeal to the emotions of the uninformed or he is not well informed financially.....

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