2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai - Politics (3)

2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai - Politics (3) - Nairaland

Nairaland Forum › Nairaland General › Politics › 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai (30099 Views)

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Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by ibechris(m): 9:49pm On Dec 29, 2024

Meerahbel:
Earning money is difficult whereas spending money is easy. So, it is necessary to spend judiciously. I have seen that sometimes a richer person is unable to manage his expenses because of extravagance whereas a poorer person manages is expenses successfully. A person should spend in such a way that he can save some money for future. Some guidelines for spending judiciously is given below:

Lessons
1. Don’t buy what you don’t need
2. Don’t borrow to buy wasting assets
3. Have a saving habit; it helps you in rainy day
4. Don’t try to impress anybody with your clothes or cars
5. Avoid friends who make you go into debt because you want to belong.
6. Have annual financial plans

Lastly, salary is never enough. Put your money in assets that can yield returns. such as Money Mutual funds, T-Bills, Digital Assets etc

My dear...u are making sense.

I did one calculation...and i want to stick to it.

I work where I have 19yrs left before i would retire.

Now is the thing.

If I invest 10million naira consistently for 19yrs at 20% if nothing changes,that is if the rate doesn't change and with the use of compounding...I would make close to 2billion.

That is what I planned doing.

I might be be selling off my assets to go liquid.

2 Likes 1 Share

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by seunjungle1(m): 9:49pm On Dec 29, 2024

Northern elites are very poor in criticising. Where was stvpid hell Rufai when stvpid Buhari carried Nigeria govt money to build a stvpid road to Niger.

2 Likes

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by Kukutente23: 9:49pm On Dec 29, 2024

helinues:
Mr Elrufai, I greet you

He played a very vital role in the 2023 election. Still earning the respect

It's obvious you have no clue what he's insinuating

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by Curious345: 9:50pm On Dec 29, 2024

The Buhari that you and your mmanuu people supported with your heart and kidneys

happney65:
You know Lagos would have had a metro rail line since 83 before that masafani Bubu cancelled the project and even paid compensation..

Now Lagos got one after 40years. I guess that is the payment for the one that oloriburuku first cancelled..

2 Likes

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by ChiefOkporghe: 9:52pm On Dec 29, 2024

WesleyPepper:
Lagos is part of Nigeria and is home to all Nigerians .
Where was the sickly El roughian when Buhari was suing federal money to connect his village in Daura to his ancestral land in Maradi , Niger republic ?

Tinubu is from Lagos state and it is a Nigerian norm that projects would be sited in his home state .

Several projects were sited in Bayelsa during Jonathan’s tenure and same with Buhari .

A new hospital was built in Daura during Buhari’s time with federal money ( my ex girlfriend served there) . The midget of Kaduna was aphasic then .

Amarachi built transport university there with federal money etc

Nasir Hypocrite El ruffian should take several seats .

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by Okoroawusa: 9:55pm On Dec 29, 2024

My boss El-Rufai, this dance wey you dey dance no get beating o!

1 Like

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by culf: 9:55pm On Dec 29, 2024

Leave el-rufai and face the main issue. Sometimes I feel we deserve the type of leaders we are having because of our nature.

1 Like

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by blaise26abj(m): 9:57pm On Dec 29, 2024

KolaAdeniran:
Not a fan of Tinubu but El midget should shut up. No one heard him speak when Buhari built a road from Nigeria to Niger republic. Same Niger republic that is ridiculing Nigeria today. I hate people who speaks just because they are not in the dining table.

Don’t forget Buhari bought bullet proof cars for the ousted president of Niger . That Hundeyin guy exposed them all . When they are not at the table to eat , they become opposition .

1 Like

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by HelipsTech: 9:58pm On Dec 29, 2024

Zombies shifting goal post.
Zombies don't know that a rail from Nigeria to Niger will profit Nigerians more, as it will enhance trade, movements of people from one country to the other, and can boost exportation into Niger.

Zombies support anything, even when they lack knowledge of the subject matter.
El Rufai is more educated than the T-pain , all T-pain ministers, zombies, agbadorians and everyone in T-pain government.

1 Like 1 Share

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by sapele914(m): 9:59pm On Dec 29, 2024

Curious345:
Lol.
I REPEAT LAGOS IS THE MOST CORRUPT GEOPOLITICAL SPACE IN THE ENTIRE UNIVERSE.

THE MONEY LAGOS MAKES IN A YEAR IS EQUIVALENT TO THE MONEY THE ENTIRE NORTH MAKES IN ONE YEAR.

BUT DRIVE AROUND LAGOS ALL YOU SEE IS
REFUSE DUMPS EVERYWHERE

SMELLING TERRIBLE ODOR EVERYWHERE

TERRIBLE ROADS EVERYWHERE

INSECURITY EVERYWHERE

DARKNESS EVERYWHERE.

AND WHEN ELECTIONS START APPROACHING SOME HUNGRY RETARDS HERE IN NAIRALAND WILL START ETHNIC BAITING TO SUPPORT THE HUBRIS THAT LAGOS IS

Please shut up, nonsense confused villager.

1 Like

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by VanuatuWycombe: 10:01pm On Dec 29, 2024*

FG is investing in Lagos State’s rail project from which profits made would be shared as agreed among them. This fund may not be from Federation Account, otherwise what’s is made as returns from that investment would be shared among federating states.

It is a pity we can’t see the agreement to understand the terms reached in it.

We may not also be able to see audited results of Lagos State government to know what Green Line could have fetched and how net earnings (after all deductions and taxes) is or would be shared.

Left to me, I would have said the bi-directional Line from Okoko to Redeemed Church in Mowe, Ogun State is more viable than the Green Line which the Federal Government is investing in. I could be wrong, though.

FG could be considering the population of youths and corporate people and elites going and coming to work along that Green Line corridor which maintain more decorum and are exposed to using trains here or abroad and also to build up that Lekki-Epe axis.

This is an avenue for other state governors to invest in Lagos rail projects and earn some quids for their states, and not be greedy of packing all the money, since they think their states are not ripe for such infrastructure.

1 Like

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by onuman: 10:02pm On Dec 29, 2024

fergie001:
Nasir El-Rufai

All these when there is no standard gauge railway lines in the southeast, most parts of southsouth and the northeast zones.
Buhari built standard gauge railway lines towards Niger Republic.
There are standard gauge railway lines in the southwest and northwest regions.

The NW and SW zones are scrambling for the commonwealth of Nigeria while it lasts.

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by onuman: 10:04pm On Dec 29, 2024

VanuatuWycombe:
FG is investing in Lagos State’s rail project from which profits made would be shared as agreed among them.

It is a pity we can’t see the agreement to understand the terms reached in it.

We may not also be able to see audited results of Lagos State government to know what Green Line could have fetched and how net earnings (after all deductions and taxes) is or would be shared.

Left to me, I would have said the bi-directional Line from Okoko to Redeemed Church in Mowe, Ogun State is more viable that the Green Line which the Federal Government is investing in.

This is an avenue for other state governors to invest in Lagos railing projects and earn some quids for their states, and not be greedy of packing all the money, since they think their states are not ripe for such infrastructure.

Overdevelope one spot - Lagos - in Nigeria, while others stagnate. Which country ever did that and survived? None.

1 Like

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by damoobaba: 10:06pm On Dec 29, 2024

rinzaugustine:
Wetin concern us for MU-MU (Muslim-muslim ticket) ? I have said it before many times and will say it again. Nothing good will ever come out of a stolen mandate

Your point will only be valid if ANYTHING GOOD came out of your father's life. Tinubu built Eko Atlantic and Lekki Free trade Zone. Go and look at LFTZ alone where you have the Lekki deep seaport and Dangote refinery, if anything YOUR FATHER BUILT is bigger than that, then I will be ready to listen to you.

1 Like

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by Konquest: 10:07pm On Dec 29, 2024

NIGERIA UPDATE: Waziri Adio, my Kennedy School classmate, on the proposed (2025) budget and related matters - Every citizen must read this treatise. - @elrufai

“There are other curious items I have seen in the proposed budget. One glaring example is the plan to transfer N146.14 billion to MOFI (Ministry of Finance Incorporated) as counterpart funding for the Lagos Green Line Metro Rail Phase 1.

This raises many questions.

The proposed allocation for the metro-line within a state is 65% of the capital budget and 57% of the entire budget of the Ministry of Transport.

If this is counterpart funding from a recapitalised MOFI, why is the money coming from the budget of a federal ministry?

Why can’t MOFI raise its counterpart funding from the market?

How was the decision arrived at that this is a project to invest federal money into and will such facility be available to other states outside of Lagos?”

https://www.thisdaylive.com/index.php/2024/12/29/on-the-proposed-budget-and-related-matters/

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by kessler53(m): 10:09pm On Dec 29, 2024

KolaAdeniran:
Not a fan of Tinubu but El midget should shut up. No one heard him speak when Buhari built a road from Nigeria to Niger republic. Same Niger republic that is ridiculing Nigeria today. I hate people who speaks just because they are not in the dining table.

I support you 100 %

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by Konquest: 10:10pm On Dec 29, 2024

Meerahbel:
Earning money is difficult whereas spending money is easy. So, it is necessary to spend judiciously. I have seen that sometimes a richer person is unable to manage his expenses because of extravagance whereas a poorer person manages is expenses successfully. A person should spend in such a way that he can save some money for future. Some guidelines for spending judiciously is given below:

Lessons
1. Don’t buy what you don’t need
2. Don’t borrow to buy wasting assets
3. Have a saving habit; it helps you in rainy day
4. Don’t try to impress anybody with your clothes or cars
5. Avoid friends who make you go into debt because you want to belong.
6. Have annual financial plans

Lastly, salary is never enough. Put your money in assets that can yield returns. such as Money Mutual funds, T-Bills, Digital Assets etc

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by chipet67(m): 10:11pm On Dec 29, 2024

Validated:
Does doing the same wrongs committed by Buhari make it right? Why are you guys so myopic or may I say hypocrical in all issues? Is the Green or Blue or Red line a Federal project? Or is this a Federal revenue generating venture?

Their mumurity stinks

2 Likes

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by Yankee101: 10:14pm On Dec 29, 2024

Tinubu is sure he won’t get second term
He’s goin for the bleachers and getting Lagos richer as his retirement nest egg

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by Okechinwadike: 10:15pm On Dec 29, 2024

Every agbadorian condemning what elrufai said, referring to buhari so two wrongs will make a right. People I thought that are learned talking like this

1 Like

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by AfonjaPriest: 10:16pm On Dec 29, 2024

Curious345:
Lol.
I REPEAT LAGOS IS THE MOST CORRUPT GEOPOLITICAL SPACE IN THE ENTIRE UNIVERSE.

THE MONEY LAGOS MAKES IN A YEAR IS EQUIVALENT TO THE MONEY THE ENTIRE NORTH MAKES IN ONE YEAR.

BUT DRIVE AROUND LAGOS ALL YOU SEE IS
REFUSE DUMPS EVERYWHERE

SMELLING TERRIBLE ODOR EVERYWHERE

TERRIBLE ROADS EVERYWHERE

INSECURITY EVERYWHERE

DARKNESS EVERYWHERE.

AND WHEN ELECTIONS START APPROACHING SOME HUNGRY RETARDS HERE IN NAIRALAND WILL START ETHNIC BAITING TO SUPPORT THE HUBRIS THAT LAGOS IS

... That Lagos is their heaven.
They've never seen anything like it before, ever since they left shitting in the bushes for shitting in canals and gutters.
They will not say anything now that tinubu is using Nigeria money to develop lagos.
awolowo left them with the education of tribalism, intolerance, and selfishness.
tinubu came and built their region to the status of slums, shanties, and ghettos.
Due to their sufferstication and skullarship, they seem to be content with underdevelopment and inferiority complexes.
It's no wonder IBB referred to them as cowards.

2 Likes

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by VanuatuWycombe: 10:18pm On Dec 29, 2024*

onuman:
Overdevelope one spot - Lagos - in Nigeria, while others stagnate. Which country ever did that and survived? None.

It’s an investment. If other states can poll what Lagos is polling, I don’t see why any government can’t invest in such state.

Why do Saudi, Switzerland, Norway etc, who have developed, invest their sovereign wealth in companies like Apple, Nvida, Tesla etc of USA?

That counterpart funding is an element of investment but we can’t rule out some political undertone in it. What Lagos State did was lobbying Tinubu.

Do you know how much LAMATA makes from that Blue Line alone? You can try to find out how much Startup company in charge of that Cowry Card which is used for transportation payment makes on that Blue Line alone let alone that of Red Line.

A lot of our state governors are either political thugs or agbero or civil servants. They have no single knowledge of investment for the state. They don’t believe in, or trust, the states they govern.
All they think of is their pockets and their unborn generations.

For Professor Ndubuizi of Takedia to have invested in Cowry Card startup all the way from the US, I don’t see why any sensible Nigerian governors won’t have invested in companies like Paga, PayStack, Flutterwaves etc. These are unicorn companies, processing trillions of Naira worth of transactions monthly.

Such investment would bring huge IGR to our states but instead, they prefer going to markets to be cutting N500 receipts every 5 days market and setting out thugs after motorists to collect illegal fees which are not traceable and cannot be accounted for unlike investing in corporate companies which they know we will know what they shared from such investments.

That’s why I have suggested that other states too should open up and we would see things getting developed at a rapid pace. It shouldn’t only be in tech. It can be in agric, etc.

5 Likes

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by VanuatuWycombe: 10:23pm On Dec 29, 2024

Henix:
This kaduna man don suddenly wake up, he was probably sleeping when Buhari did similar thing

Buhari didn’t even invest in that Line. He built it so that Niger Republic would continue clearing their goods at our port and move them by rail to their country. Niger Repiblic was threatening Nigeria then that she will switch to Benin Republic and Togo, if Nigeria didn’t improve on its road network, port efficiency and banditry.

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by chipet67(m): 10:23pm On Dec 29, 2024

Restaurant92:
This is a good investment. Any investment in Lagos is a good investment. Its a good strategic move for the FG to invest in Lagos lines early enough. Lagos and the FG are partnering on a lot of good projects, like the Lekki Seaport, Lekki Airport, Lagos Red line and now this Green line metro. Other states should open their eyes and bring good project with prospect to the FG for a partnership.

If not because of our clannish mindset, there is nothing stopping even other states from investing in such a good enterprise. Lagos metro is going to be forever profitable if run efficiently. It will be an investment to reap from for years to come.

You have watered it down like you don't know it won't be easy for other states to partner because of Asiwaju's interest in Lagos.
Okay, let him open PH and Delta Sea Port for direct imports, so SS can develop more.

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by hotseat: 10:25pm On Dec 29, 2024

This is the double standard of most Northerners!

If the said project is to take place anywhere in the North, it's all well and good but, for Lagos, the Centre of Excellence, it's a taboo and a crime?

Abeg, Mr Hell-Ruffian, go look bush!

@hotseat

1 Like 1 Share

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by Good2go1: 10:26pm On Dec 29, 2024

That still doesn't not justify funding state project from national budget

KolaAdeniran:
Not a fan of Tinubu but El midget should shut up. No one heard him speak when Buhari built a road from Nigeria to Niger republic. Same Niger republic that is ridiculing Nigeria today. I hate people who speaks just because they are not in the dining table.

1 Like

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by jogojogo: 10:28pm On Dec 29, 2024

fergie001:
Nasir El-Rufai

This in my opinion is constructive and we should get a clear explanation for it.
Weldone Elrufai

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by hotseat: 10:31pm On Dec 29, 2024

Good2go1:
That still doesn't not justify funding state project from national budget

And Buhari built the Maradi rail project from Katsina State Budget?

@hotseat

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by lapintoz: 10:33pm On Dec 29, 2024

El Passo is now opposition leader. Guess he was dead and dumb when Nigeria spent over $2 billion to build a rail network including rolling stock to their fathers land in Republic of Niger. A state with 30 million Nigerian citizens do not deserve the a rail line.

Hypocrites.

1 Like

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by pongwa(m): 10:35pm On Dec 29, 2024

fergie001:
Nasir El-Rufai

is Lagos not part of Nigeria again. Abi ori n ta yin ni sir

1 Like

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by Inosky: 10:36pm On Dec 29, 2024

He has a point. If you like you hate him. Me I don't like the shortman devil but I see reasons in the point he made.
Even man is a hypocrite and hater of Igbo people.

1 Like

Re: 2025 Budget: "Why Invest Federal Money Into A Facility In Lagos?" - El-Rufai by NSK4U(m): 10:37pm On Dec 29, 2024

I like the way he made his statement on it open so that tomorrow, someone will not start claiming that one clueless governor of Lagos built the project like they attributed all the projects done by the colonial officers who used to reside in Lagos to Tinubu of all nonentities.

2 Likes

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