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Nairaland Forum / Nairaland / General / Politics / Construction Of Coastal Routes Can Strengthen Naira - David Umahi (11183 Views)
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Construction Of Coastal Routes Can Strengthen Naira - David Umahi by Racoon(m): 12:14am On May 03 |
The Federal Government has hinted that the construction of coastal routes in Nigeria has the potential to attract foreign investment and contribute to a stronger naira.https://www.vanguardngr.com/2024/05/construction-of-coastal-routes-can-strengthen-naira-fg/ 15 Likes
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Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by Racoon(m): 12:19am On May 03 |
Just blabbing gibberish! Yours is an import - dependent economy, not producing anything, the naira depreciation against the Dollar is because you are depleting the foreign reserves to subsidized the dollar, investors are leaving your country causing forex flight and all causing weakening of the naira hence the economy. The clueless government is borrowing here and there to fund this project with humongous debt servicing burden to go with and no assurance of completion because of the institutionalized corruption and lack of accountability and probity Yet Umahi is yarning trash.This imp has a sawdust for a brain for saying such shitcrap. Now you can know that that the obstinacy of the rudderless, impactless, and directionless APC government to embark on this so called coastal highway construction is simply because they have a sinister intention 125 Likes 11 Shares |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by Cantonese: 12:19am On May 03 |
Only deceive your gullible followers. Shamelessly stay on that job for not only eight years, but close to twenty five years! 98 Likes 3 Shares |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by Racoon(m): 12:21am On May 03 |
Cantonese:Bunch of economic illiterates in an accidental government. 62 Likes 7 Shares
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Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by Racoon(m): 12:28am On May 03 |
".....Some people were upset that President Bola Tinubu was associated with the project, saying, the criticism is misplaced anger and a way to attack Tinubu without understanding the bigger picture.Relevant questions Umahi ought to ask include; -1). Was a proper EIA done for this project? -2). Were the affected parties duly informed & compensated? -3). Where will the funds be sourced from and how will it be paid back( given the nation debt burden @ present?), -4). What is the assurance that it will not end up as another white elephant project( like the economic disaster of an airport he left in Ebonyi state & other FG projects still bestridding the nation?), -5). And is this project a pressing problem for Nigeria @ present? This Dave Umahi has made it a devotion to be a chronic asslicker with no iota of sense. He has forgotten this is how the Buhari he overhyped for years ended up being the most useless and corrupt president Nigeria has ever had until the catastrophe he has now shifted attention to prove to Nigerians within one year that Buhari is even a Saint 75 Likes 8 Shares |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by Bobloco: 1:34am On May 03 |
"Lagos -calabar coastal highway project can strengthen the Naira" It's now obvious that Umahi have become a propagandist 97 Likes 6 Shares |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by Faiththatworks(m): 1:48am On May 03 |
Let me agree that HE Engr Dave Umahi exaggerated the story but there is no denying the fact that Nigeria will greatly benefit from the Coastal Road project especially cities,villages, towns and states located along the Coastal Road.I will speak directly on the villages and towns in Lagos,Ogun and Ondo State that will benefit from the Coastal Road project Let me start with Lagos State: From the Dangote Refinery End of the Coastal Road located in Ibeju Lekki,villages like Ise,Oshorko,Lekki Town,Igbogun will come alive with the Coastal Road This communities are located very close to Ocean and will further create more opportunities for Investors to locate resorts and hotels, tourist beaches when the project is completed Ogun State The project is expected to go through the Ogun Waterside LGA.This community shares boundaries with Ibeju Lekki LGA and the Atlantic Ocean.The whole LGA will see an increment in business opportunities. I call that LGA one of the most hidden secret of tourism in Nigeria With beautiful beaches, lagoons and waterfront the Coastal Road will bring the much needed investment to that community Ondo State It is expected that a bridge will connect the Ogun State End with the Ondo State End,the bridge will make Landfall in a town called Araromi.It is a riverine community home to good aquatic life and also close to the oil producing communities in Ondo State This project will create thousands of jobs,cut travel time and create massive development in Coastal communities that have been abandoned by their state government, if this is not enough to continue with the project, then I don't know what is 17 Likes 2 Shares |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by Sheuns(m): 2:06am On May 03 |
He said, “We talked about our economy, that it needs foreign investments. These roads are going to be constructed with concrete pavements, and it’s CPC+F, which means that there is foreign investment that will come in, and this foreign investment will strengthen and stabilize the naira.“ People that can explain this statement better should enlighten us. I tried to google what CPC+F means and it’s engineering related. 2 Likes 1 Share |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by CodeTemplar: 2:22am On May 03 |
Any strength it can bring the Naira, local production can bring us ten times of it. 12 Likes 1 Share |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by Ttalk: 2:26am On May 03 |
CodeTemplar: Obi's idea of local production is to set up a brewery factory and open a NEXT supermarket where virtually all its goods are imported. Bringing trading mentality into an economic discussion will always expose the shallow mindset of a typical SE 71 Likes 2 Shares |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by Jogs1900: 2:40am On May 03 |
Faiththatworks:You forgot to mention opening up Olokola FTZ in Ogun state where LNG multi billion dollars investment is. I don't know why it's only people from the SE that wants the FG to halt the project..The SS that there resources are being drilled are fully in support, even Atiku, a northerner didn't condemn the project.He only wants due process to be followed. 13 Likes 4 Shares |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by kenny714433(m): 2:44am On May 03 |
Tinubu supporters believe this! 1 Like |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by Jogs1900: 2:46am On May 03 |
Ttalk:Obi that is an opportunist.He invested a whole #4 billion naira of Anambra money into Oriental refinery since 2012, till now the refinery is yet to refine a barrel of crude oil. 8 Likes 3 Shares |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by DeltaOil: 2:50am On May 03 |
The mental state of all APC people needs to be checked. 24 Likes 1 Share |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by Yankee101: 3:19am On May 03 |
Umahi washing tinubu’s dirt This road reeks of money laundering Overinflate a contract, chagoury gives you your cut in fx abroad The two thieves that aided Abacha are back in tinubu’s government Chagoury and bagudu 14 Likes 2 Shares |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by jeff1993: 6:02am On May 03 |
This umahi should just focus on his work and stop blabbing upandan!!!! 3 Likes |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by Kurumaru: 6:02am On May 03 |
CAN or WILL?... WE WANT AFFIRMATION PLEASE. 1 Like |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by Onyedikachi231: 6:03am On May 03 |
Racoon: Okay now compare the response above with the ones below, You see how weak their brains are, they can't ask any questions since they are incapable of it. this is what APC and islam reduces your brain to, it will leave your reasoning retarded, just see what adults, people's breadwinner, people that one unfortunate woman carried nine months in pain are saying? Nigeria is gone under these dogs, not normal dogs ooo, that bingo that you normally see near Dustbin, eating pampers, with exposed ribs and flies. Jogs1900: Ttalk: 10 Likes 1 Share |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by Sixthsense2023: 6:03am On May 03 |
Is he ok 1 Like |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by DMerciful(m): 6:04am On May 03 |
Lamidi Amoda Sangodele is putting himself under real pressure because by 2026, this road will not be more than Ogun State 3 Likes |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by rinzaugustine: 6:04am On May 03 |
Hahaha |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by CountinBlessins(m): 6:05am On May 03 |
WHAAAAAAAAAATTTTTTTTTTT? This dude is an illiterate, or these guys think all Nigerians are aboki 8 Likes |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by PepeXKermit: 6:05am On May 03 |
DAve Umahi say the construction of road go strengthen naira... This is what he said. lmao! 5 Likes |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by ruggedboych: 6:05am On May 03 |
This man don de chop Amala and ewedu 1 Like |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by Itohanmiwa: 6:05am On May 03 |
This man just wan make igbos start the day with anger. Lol. Baba they don’t know that roads like this attracts so many foreigners who want to connect spiritually to African nature. 5 Likes |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by StOla: 6:07am On May 03 |
What does the South of Nigeria truly want? We lament that a Northerner built roads even into Niger Republic and sited many projects in his region. Now a Southerner is in power and providing good projects that are not minimalist infrastructure, yet those lamenting the most are the same Southerners who lamented against the Northerner. 13 Likes 1 Share |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by obi4eze(m): 6:08am On May 03 |
Lies |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by Antoeni(m): 6:08am On May 03 |
Lagos/Calabar Yahoo Coaster Highway Project 3 Likes 2 Shares |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by BafanaBafana: 6:10am On May 03 |
This makes sense.. to the poor people who are on this forum defending Tinubu. A man that was asked to test the microphone and he licked it. 4 Likes |
Re: Construction Of Coastal Routes Can Strengthen Naira - David Umahi by Dpharisee: 6:10am On May 03 |
Okay na, the desperation to do this project without following due process is my concern 7 Likes
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