₦airaland Forum

AntiChristian:
Borrowing is part of the budget so make we just dey look!

Jagaban is cooking something nice!

fergie001:

https://www.youtube.com/watch?v=g5v-F81hNTs

The Permanent Secretary, Office of Drainage Services and Water Resources in Lagos State, Mahmood Adegbite, has said that people drilling borehole in the Lekki axis of the state is probably drinking ‘’shit water.”

While speaking at a stakeholders meeting in the state recently, Adegbite noted that contaminated boreholes in Lekki pose health risk and added that treatment of waste water would eradicate any form of disease that may arise from it.

He said, “On waste water treatment, I will say that everyone digging borehole within the Lekki axis is probably drinking what I will call ‘shit water.’

https://punchng.com/video-everyone-digging-borehole-in-lekki-is-probably-drinking-shit-water-lagos-govt/?fbclid=IwQ0xDSwMABDJjbGNrAwAEK2V4dG4DYWVtAjExAAEewOd7728C0FSKQJNWar4yKRxNpNKt1owSlw47y57FKAux2QxvQL24Iu18rtw_aem_3kB5Sd2GjpdqjN6zFuIs7w

helinues:
Those who missed basic economic class in secondary school would argue against this.

kelvindj98:
There is no country in the world that doesn't borrow to run their government. Even Countries with great economic indices like the Scandinavians. Only illiterates in Nigeria think borrowing is bad.

Igbek76:
The people that are decieving you with borrow borrow slogan in ADC and elupee will still borrow if they ever get to power ( ask Alex otri and co).

Economics is a social science with basic principles and law.
Your politics ,tribal sentiment ,bias or feelings cannot alter it.

@ Tinubu's administration is following the path of all these basics economics principles and that's why we are seen massive positive results on the macro economics indices.

If your macros are robust enough with reliable figures, it will surely get to the streets gradually ( the micro economics ). Honest people in the country can allude to this gradual easing but the haters and tribal bigots stalk to the old narratives of hunger and all that.

The past govts have operated the systems to patch up the micros by pleasing the streets with no solid macro economics foundations to support it because political leaders just want to win elections by avoiding hard choices or the needed reforms to spark the Nigeria development revolution.

Racoon:
Hehehe! See as FIRS dey disgrace Tinubu useless government and his zombified supporters. Una no dey tire with lies and propaganda?

helinues:
Those who missed basic economic class in secondary school would argue against this.

Joebayo217:
Some poor people will say how does it affect the price of foods and other items

helinues:
Those who missed basic economic class in secondary school would argue against this.

DeLaRue:
People just don't understand how government borrowing works, and why borrowing is needed.

There is no country in the world that is not borrowing on a regular basis. Please name one country, if you know it. The countries that are not borrowing are probably unable to borrow because they have poor credit standing.

The USA, France, Germany, Italy, Japan, South Africa, Kenya etc are borrowing on a regular/monthly and in some cases, weekly basis.

For a developing country like Nigeria that has far more need for infrastructure that will underpin the economy 10, 20, or 30 years time, you need to borrow now, to undertake the infrastructure now.

Mr Dangote borrowed billions of dollars to build Dangote refineries. The fact that you have money in the bank does not mean you should not borrow, if you need to borrow to invest in projects that your own money is not enough to undertake. That explains why the richest people in the world are also big time borrowers. Norway has $1.7 trillion dollars in the bank, making it probably the richest country in the world, but it is still borrowing. Saudi Arabia is a heavy borrower despite having $1.2 trillion in the bank.

If you don't borrow to expand, you will be stagnant, and other people will leave you behind.

What is important is that you use borrowing for good projects, and you can afford to repay it. The good news is that Nigeria can afford to repay its loans.

And with government revenues rising exponentially, there is room for more borrowing provided it is used for beneficial projects, and the new tax law coming into effect next year will bump up government revenues to levels that Nigeria has never seen in its history.

Don't let opposition politicians deceive you with the cries of too much borrowing. If they get in, they too will borrow.

Bizibi:
borrowing is not the problem, lack of transparency is the main problem..... Nigeria government is fond of wasting borrowed funds,you can't borrow to build roads and start squeezing money from the citizens. That 20 trillion naira they want to borrow is way too much.

DeLaRue:
People just don't understand how government borrowing works, and why borrowing is needed.

There is no country in the world that is not borrowing on a regular basis. Please name one country, if you know it. The countries that are not borrowing are probably unable to borrow because they have poor credit standing.

The USA, France, Germany, Italy, Japan, South Africa, Kenya etc are borrowing on a regular/monthly and in some cases, weekly basis.

For a developing country like Nigeria that has far more need for infrastructure that will underpin the economy 10, 20, or 30 years time, you need to borrow now, to undertake the infrastructure now.

Mr Dangote borrowed billions of dollars to build Dangote refineries. The fact that you have money in the bank does not mean you should not borrow, if you need to borrow to invest in projects that your own money is not enough to undertake. That explains why the richest people in the world are also big time borrowers. Norway has $1.7 trillion dollars in the bank, making it probably the richest country in the world, but it is still borrowing. Saudi Arabia is a heavy borrower despite having $1.2 trillion in the bank.

If you don't borrow to expand, you will be stagnant, and other people will leave you behind.

What is important is that you use borrowing for good projects, and you can afford to repay it. The good news is that Nigeria can afford to repay its loans.

And with government revenues rising exponentially, there is room for more borrowing provided it is used for beneficial projects, and the new tax law coming into effect next year will bump up government revenues to levels that Nigeria has never seen in its history.

Don't let opposition politicians deceive you with the cries of too much borrowing. If they get in, they too will borrow.

iwaeda:
https://punchng.com/411-revenue-rise-wont-stop-fg-borrowing-firs/

Joebayo217:
God Bless Nigeria. We hope for more revenue rise in the future.

DeLaRue:
People just don't understand how government borrowing works, and why borrowing is needed.

There is no country in the world that is not borrowing on a regular basis. Please name one country, if you know it. The countries that are not borrowing are probably unable to borrow because they have poor credit standing.

The USA, France, Germany, Italy, Japan, South Africa, Kenya etc are borrowing on a regular/monthly and in some cases, weekly basis.

For a developing country like Nigeria that has far more need for infrastructure that will underpin the economy 10, 20, or 30 years time, you need to borrow now, to undertake the infrastructure now.

Mr Dangote borrowed billions of dollars to build Dangote refineries. The fact that you have money in the bank does not mean you should not borrow, if you need to borrow to invest in projects that your own money is not enough to undertake. That explains why the richest people in the world are also big time borrowers. Norway has $1.7 trillion dollars in the bank, making it probably the richest country in the world, but it is still borrowing. Saudi Arabia is a heavy borrower despite having $1.2 trillion in the bank.

If you don't borrow to expand, you will be stagnant, and other people will leave you behind.

What is important is that you use borrowing for good projects, and you can afford to repay it. The good news is that Nigeria can afford to repay its loans.

And with government revenues rising exponentially, there is room for more borrowing provided it is used for beneficial projects, and the new tax law coming into effect next year will bump up government revenues to levels that Nigeria has never seen in its history.

Don't let opposition politicians deceive you with the cries of too much borrowing. If they get in, they too will borrow.

iwaeda:
https://punchng.com/411-revenue-rise-wont-stop-fg-borrowing-firs/

ambale:
I don't even understand,.is it the job of FIRS to tell us this or the Minister in charge of finance??

Theirs is strictly revenue generation mainly through taxation and remit same to the government

jmoore:
Those who forget their own propaganda will support FIRS.

After Tinubu supporters have bombarded nairaland that Tinubu is not borrowing, you want to change mouth?

DeLaRue:
People just don't understand how government borrowing works, and why borrowing is needed.

There is no country in the world that is not borrowing on a regular basis. Please name one country, if you know it. The countries that are not borrowing are probably unable to borrow because they have poor credit standing.

The USA, France, Germany, Italy, Japan, South Africa, Kenya etc are borrowing on a regular/monthly and in some cases, weekly basis.

For a developing country like Nigeria that has far more need for infrastructure that will underpin the economy 10, 20, or 30 years time, you need to borrow now, to undertake the infrastructure now.

Mr Dangote borrowed billions of dollars to build Dangote refineries. The fact that you have money in the bank does not mean you should not borrow, if you need to borrow to invest in projects that your own money is not enough to undertake. That explains why the richest people in the world are also big time borrowers. Norway has $1.7 trillion dollars in the bank, making it probably the richest country in the world, but it is still borrowing. Saudi Arabia is a heavy borrower despite having $1.2 trillion in the bank.

If you don't borrow to expand, you will be stagnant, and other people will leave you behind.

What is important is that you use borrowing for good projects, and you can afford to repay it. The good news is that Nigeria can afford to repay its loans.

And with government revenues rising exponentially, there is room for more borrowing provided it is used for beneficial projects, and the new tax law coming into effect next year will bump up government revenues to levels that Nigeria has never seen in its history.

Don't let opposition politicians deceive you with the cries of too much borrowing. If they get in, they too will borrow.

anonimi:
The same nice thing that he has been cooking in Lagos since 1999, of squeezing out huge IGR from the people and borrowing money without employing well paid civil servants to make ordinary water available

Kalulu44:
If all the countries of the world are borrowing, then who's borrowing this money to them?

Ttalk:
Do you have water in your state?

How much is your state civil servants receiving as salary.

Let's start from there

Splashme:
The first civilian governor of Lagos State, Alhaji Lateef Jakande, on Tuesday, said that the cancellation of the Lagos metroline project in 1985 was a major mistake and disservice to many Nigerians.

Jakande spoke in Lagos during the launch of a book which chronicled his life in politics and journalism.

The book, entitled, ‘Jakande: Leadership in Action’ is written by Dr. Bola Olaosebikan, who told the audience at the event that the All Progressives Congress presidential candidate, Maj. Gen. Muhammadu Buhari (retd.), was not responsible for the cancellation of the project.

Jakande said, “Reflecting on the metroline project, I think it is a major disservice to many Nigerians. Imagine how many people would have benefitted. It would have made life easier and changed the face of transport in Lagos. Whoever cancelled it or gave the advice towards its cancellation didn’t do right.”

The former governor asked Nigerians not to vote for unserious leaders in the coming polls, saying the elections presented Nigerians with a good opportunity that should not be squandered.

Expressing the hope that Nigeria would soon overcome its developmental challenges, Jakande said hope would be actualised faster if credible people emerged as leaders in the next dispensation.

He said, “This book comes at a very auspicious time in Nigeria’s history as we need leaders who can act. We need leaders who would not compromise the standards of good governance. God has blessed this nation the most in Africa, although we have not reached where we should be; with the right leaders, Nigeria would overcome its challenges.”


http://www.punchng.com/news/cancelling-metroline-a-major-mistake-jakande/

eluquenson:
REVISITING SOME OF THE LATEEF JAKANDE'S GOVERNMENT ACHIEVEMENTS FROM OCTOBER 1979 TO DECEMBER 1983 (FOUR YEARS AND 3 MONTHS) IN LAGOS STATE

* His government built the current Lagos State Secretariat which houses all the state ministries as well as the popular round house hitherto occupied by all subsequent governors of the state.

* His government built the Lagos State House of Assembly complex.

* His government built the Lagos State Television

* His government built the Lagos Radio

* His government built Lagos State University

* His government established General Hospital in zones all over the state with assurance of free health care.

* His government established Teacher Training College and the College of Education.

* His government built low cost houses in Ijaiye, Dolphin, Oke-Afa, Ije, Abesan, Iponri, Ipaja, Abule Nla, Epe, Amuwo-Odofin, Anikantamo, Surulere, Iba, Ikorodu, Badagry, Isheri/Olowu, Orisigun etc.

* His government established the Water Management Board and Waste Disposal Board on the 18th of August, 1980.

* His government constructed the Adiyan Water Works to increase water supply in the state to 18.16 million litres per day.

* His government modernized and expanded the Iju Water Works which was first commissioned in 1915. This increased daily capacity from 159 million to 204 million litres per day.

* His government purchased and commissioned the giant car crusher equipment. The equipment was designed specifically to crush derelict vehicles in Lagos State. It had the capacity to crush 45 vehicles per day.

* His government constructed, rehabilitated and resurfaced Epe/Ijebu-Ode Road, Oba Akran Avenue, Toyin Street, Town Planning Way, Alimosho-Idimu-Egbe Road, Idimu-Iba-LASU Road, the new secretariat road and several others.

* His government constructed Victoria Island/Epe Road and thereby creating an ‘oil rig’ for Lagos State.

* His government established Asphalt Plant for the Department of Public Works.

* His government established Electricity Board for Rural Electrification with provision of street lights.

* His government modernized, expanded and commissioned Onikan Stadium in 1982.

* His government established a singular school system and ensured genuine free education in Lagos State and the beneficiaries of this policy are in different positions of eminence in the country and around the world.

* His government raised the primary schools in Lagos State to 812 with 533,001 pupils (against 605 primary schools with 434,545 pupils he met in 1979) and secondary schools to 223 with 167,629 students (against 105 schools with 107,835 students in 1979).

* His government constructed 11, 729 classrooms with the maximum of 40 children per class between March and August 1980, by 1983, he had constructed over 22,000 classrooms.

* In July 1983, two commercial passenger boats christened "Baba Kekere and Itafaji" to run the Mile 2 - Marina (CMS) route via the lagoons were inaugurated by his government to mark the official launch of the Lagos State ferry services.

* His government took over the ownership and financing of Lagos State Printing Corporation in July 1980

* His government established the first State Traffic Management Authority (Road Marshals).

* His government established small scale Industries Credit Scheme which preceded the EKO bank.

*His government established LASACO Insurance.

*His government expanded existing market and built new ones.

*His government established Traditional Medicine Board.

WHO SAYS 4 YEARS IN OFFICE IS NOT ENOUGH FOR MEANINGFUL ACHIEVEMENTS?

IT'S A FACT THAT 90% OF GOVERNORS IN NIGERIA SINCE 1999 WITH REVENUES AT THEIR DISPOSAL CANNOT BOAST OF A QUARTER OF THESE ACHIEVEMENTS EVEN WITHIN THEIR EIGHT YEARS IN OFFICE.

anonimi:
HOW do you know that Lagos is not my state

Austema:
The phrase "a borrower is a slave to the lender" is a proverb from Proverbs 22:7 in the Bible, meaning that taking on debt can lead to a loss of freedom and create financial obligations that make one beholden to the lender