₦airaland Forum

UkoAnnang:


Federal government building Lagos State green line with federal funds,

Isn't that a crime in a federalism system?

But 2nd Niger Bridge, Onitsha was built with federal funds for $2 billion.

That's 2.85 TRILLION NAIRA

Lagos - Calabar coastal highway $3.5 billion.

That's 5.3 TRILLION NAIRA

But 100 billion Naira to help with Lagos Green Line is upsetting you.

You're calling it ''a crime''.

You people lack humanity..

While SE corridor has no rail line & our SE leaders are said to be working... Kudos to Otti who has Aba to PH with functional rail line

SpaceX:
But they use 40bn for camera

Get your facts right please. It wasn't N40b oooo. It was N2.5b abeg.

https://www.nairaland.com/8598058/third-mainland-bridge-surveillance-cost

Yankee101:
Is moving federal funds to mostly one part of the country not illegal in a federalism?

same question coming to my mind but in different form: (is the Fed suppose to be finding Lagos State Project?)

helinues:
Stop speaking in parable. Which part of the country are those funds going to only?

brodaly, nothing like parable here. should the Fed be finding Lagos State Project? I'm not against intervention funds where needed but financing Capital Project owned by a state is mind boggling.

VanuatuWycombe:
FG is investing in it but not funding it. Only Lagos State won’t keep the yearly profit.

I never knew it was such deal, funding recoup and handover.

Irresponsible headline.
The FGN budgeted funds for different rail project but the headline screamed Lagos.

That taken I think the FGN is not doing enough to fund good projects around Lagos and Ogun axis that contain the industrial infrastructure of the country. This axis accounts for over 70% of non-oil incomes of the entire country. Its either a fiscal federalism or a form of derivation is also legislated as these states cannot sustain their infrastructural growth through their budgets alone as more and more people come seeking opportunities and a large chunk of their incomes are distributed far and wide.

The federal government is supposed to be providing additional N1trillion annually to support Lagos and Ogun industrial axis. To those who may have reason to complain, first state you state of origin, how much it generates and how much it receives from the FGN before you cry wolf.

InifinteXR:
Actually the case is reverse, Lagos IGR far exceeds most state (combined)

Though I'm against the obviously overinflated project budget

How is this story about federal govenment money allocated to one state's railway project related to Lagos IGR that is squeezed out of the masses

AustineE1:
Shamelessly this 'data boy' is yapping as always,tomorrow they will change the narratives and tell you how Lagos state built all the infrastructures that we have seen federal govt allocating trillions of naira into.
Anyway,it is a no man's land!

Yes, federal government is allocating billions to Lagos state just as the same federal government is allocating billion of naira to Delta state, Ondo state and River state but what are they doing with these money. I weep for delta state residents when I saw infrastructure development warri and it's environs, very distasteful. Delta state is one of the first four states receiving highest allocation with nothing to show for it.

mandarin:
Irresponsible headline.
The FGN budgeted funds for different rail project but the headline screamed Lagos.

That taken I think the FGN is not doing enough to fund good projects around Lagos and Ogun axis that contain the industrial infrastructure of the country. This axis accounts for over 70% of non-oil incomes of the entire country. Its either a fiscal federalism or a form of derivation is also legislated as these states cannot sustain their infrastructural growth through their budgets alone as more and more people come seeking opportunities and a large chunk of their incomes are distributed far and wide.

The federal government is supposed to be providing additional N1trillion annually to support Lagos and Ogun industrial axis. To those who may have reason to complain, first state you state of origin, how much it generates and how much it receives from the FGN before you cry wolf.

What is the basis for Lagos' huge IGR compared to other states if not the existing federal infrastructure since 1914 and the high population working to generate the revenue?

Is Kano IGR equally high due to the huge population it has

Yankee101:
Is moving federal funds to mostly one part of the country not illegal in a federalism?

teniboss:
Federal republic of Lagos

When Tinubu used Yorubalokan to fight for and grab emilokan power, did you think he was joking

Thanks to Obi's help with 100% SE votes indirectly, Tinubu got the opportunity to continue APC extreme poverty shege that was fraudulently sold as positive change 11 years ago.

jameshankss:
Arguing that Obi’s presidential bid would only work in favour of Tinubu, Soludo said, “Indeed, if I were Asiwaju Tinubu, I would even give Peter Obi money as someone heading one of the departments of his campaign, because Obi is making Tinubu’s pathway to victory much easier by indirectly pulling down PDP.”

Obi, according to Soludo, would only deplete the votes of the Peoples Democratic Party (PDP) and pave the path for an APC victory.

He stated, “The current fleeting frenzy, if not checked, will cost Ndigbo dearly for years. The South-east has the lowest number of votes of any region, but it is also the only region where the presidential race might be a four-way race (it is a two-way race in the other five regions) thereby, ensuring that our votes won’t count in the making of the next president of Nigeria.

https://www.thisdaylive.com/index.php/2022/11/15/soludo-i-wont-succumb-to-bullies-obi-knows-he-cant-win/

Lithiumite:
You forgot to mention prices of foodstuffs and general inflation tha has slowed down as against the doomsday analyst who predicted rice will go beyond the 100k mark and beyond the reach of the common man but here we are today, chicken that cost 35k in Dec 24 ,was sold for less last year.....

they are no longer shouting about what tinubu achieved in that.

When are you going to shout about what Tinubu has failed to achieve in petrol price

What are you waiting for to shout about his failure?

Who are you waiting for to join you in the shouting?

Deltafirstson:
Although the pump price of fuel was N197 when President Bola Tinubu took over on May 29, 2023, the product now sells for N617 per litre – less than two months after.

In his inaugural address, Tinubu announced that subsidy was gone, fulfilling a promise that all leading presidential candidates made during the campaign.

Nigerians have been lamenting the hardship occasioned by fuel price hike. Amid the lamentation, a video where Tinubu campaigned to slash the price of fuel went into circulation.

Checks by Daily Trust affirmed the authenticity of the video uploaded on the YouTube page of Channels Television.

At his campaign rally in Abeokuta, Ogun State capital, on January 25, 2023, Tinubu spoke on a number of issues, but those of fuel scarcity and naira redesign made the headlines.

However, Tinubu who spoke in Yoruba language, also assured the crowd that though people were saying petrol price would hit N200, it would be reviewed downward under him.

“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax, we will bring it down,” he had said in the 7th minute of the video.


https://dailytrust.com/breaking-video-of-tinubu-campaigning-to-crash-fuel-



https://www.youtube.com/watch?v=4JH8CC_JdUA

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Petrol should never cost more than N70 per litre, says APC

January 19, 2015

The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.

On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.

But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.

It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.

https://www.thecable.ng/petrol-never-cost-n70-per-litre-says-apc/
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Buhari’ll reduce petrol to N40/L —David-West

FORMER Minister of Petroleum and Energy, Prof. Tamunoemi David-West, said that Nigerians should expect sharp drop in petrol price from the current N87 to about N40 per litre, saying, “the president-elect, Gen. Mohammed Buhari, will reduce the fuel pump price to N40 per litre.”

https://www.vanguardngr.com/2015/04/buharill-reduce-petrol-to-n40l-david-west/

anonimi:
How is this story about federal govenment money allocated to one state's railway project related to Lagos IGR that is squeezed out of the masses

Yes indeed, Lagos IGR that is squeezed out of the masses but for how it's related is, Lagos state remit far more money to the federal government yearly than most states combined so it's very fair to get significantly more allocation back than other states as well.

Yankee101:
Is moving federal funds to mostly one part of the country not illegal in a federalism?

This is not politics. It is pure business.

FG is investing in the Green Line. It will share from profits that Lagos State makes. That money invested by Lagos State is from monthly allocations is shares from federation account. It can also invest in other viable ventures carried out by any state government in Nigeria. Th is is like buying shares in a profitable company.

Your state governor too can invest in the Green Line project and be guaranteed of minimum yearly return, to guarantee externally-generated revenue.

Most of our state governors don’t like in eating in other states so that any other coming governor won’t come and eat it or squander it. It’s only governors with some senses of foresights that are doing state investments.

There was a time Lagos State government had investment in ECONET (now Airtel).

Oodua Group has, for long, been investment machines of Southwestern states for decades. Part of it is WEMA Bank.

I don't mind the special treatment the federal government is giving Lagos, but one thing be clear, the government, obas, and the people ( indigenes ) of Lagos should stop the calls they make sometimes that other people from other regions should go. Lagos no longer belongs to them alone but to all, just like Abuja. Is not fair, to be taking resources meant for all to be given to Lagos alone and they wake up one morning to say none indigenes go.

AMINDA:
What rail line to Niger for the North? The Kano-Maradi rail line is meant to link with the Lagos-Kano railway line and serve as a conduit for land-locked Niger to export and import it's goods through Nigeria via Lagos ports which will see Nigeria cornering all that sahelian market for itself in terms of revenue. Tinubu had only one job, to link Ibadan rail line to Abuja but he would rather sink 15 trillion on a coastal road awarded to Chargoury, his business partner. Every single thing he does, appears crafted to serve his personal business interests, not even that of the Southwest.

Am not a Tinubu fan but on this one of Green rail I support the project...

If e reach your turn make you abandon your own state

SEGLIZ:
same question coming to my mind but in different form: (is the Fed suppose to be finding Lagos State Project?)

brodaly, nothing like parable here. should the Fed be finding Lagos State Project? I'm not against intervention funds where needed but financing Capital Project owned by a state is mind boggling.

FG is investing in it but not funding it. Only Lagos State won’t keep the yearly profit.

Lamasta:
Am not a Tinubu fan but on this one of Green rail I support the project...

If e reach your turn make you abandon your own state

Fair enough but he's just setting a precedence that would be noted by succeeding governments. The Green Rail is a state project, not federal. This is why Lagos will have a hard time convincing anyone that the state is not a nomansland because it gets subsidies from the federal government that other states don't get.

Inosky:
Nigeria ends in Lagos. Nepotism.

But Lagos dey generate more than it receives from FG, while the South east dey receive nore than it generates..... Where u keep ya brain?

InMyOpinion:
I don't see anything wrong with this. These are investments whose dividends still flow back into the federation account and shared by all federating units- think about the VAT that accrues into the federation account from Lagos, think about the other corporate taxes that all the companies moving to Lagos because of these infrastructure pay to the Federal government, think about the employment that they generate- not just for indigenes of Lagos but millions of others from other states who have made Lagos home for many years, etc

I doubt if the return will flow back to federation account because I don’t think state governors consent to it.
FG is using its own share from federation account for the project.

When it’s time to construct Yellow Line, FG will likely invest in it too, even RCCG and other net worth investors.

It’s good Lagos State incorporates a railway company as a subsidiary of LAMATA now and make it a PLC. it will make funding of all Lagos rail lines easier and faster. I am certain people will over subscribe to its shares because Lagos has the numbers.
Lagos can borrow a leave from OBB of Austria. Once all regional railways are more viable, it will be early or pioneer state investor on those routes, with its rolling stock.

helinues:
Blue rail, Green rail, probably yellow rail loading.

Legacies laid by the past Lagos state governors but still taking shape and effects till today.

Na beer factory be legacy of some people as a governor

you forgo Red rail from Ido to Agege, joining the Idogo, abeokuta-Ibadan line ehn?

Using federal government money to develop lagos later some data boys will tell you that lagos was developed by the state alone.The truth is that lagos state is developed by fg, state and private organizations.If half of what is going to lagos state can go to delta state or any other state you will see how the place will be generating money every minute.

I think many missed a crucial piece of information. I.e the amount is Lagos counterpart funding for the project which is a PPP i.e public-private sector partnership.

The Federal Government has proposed to allocate N102.3 billion as counterpart funding for the Lagos Green Line rail project in the 2026 budget.

Meaning the private sector partner, who will usually pay far more to complete project, will build and likely operate this metro rail line for a agreed period of time to get back capital invested and ROI.

Those shouting "what about other states?", abeg get your lazy, visionless and clueless Governors to begin conceiving PPP projects that will improve the lives of the people under them.

Federal Government is not partisan to that level and will assist States who have secured private sector partners, with verifiable financial might and expertise, to play it's part in any PPP that States of Nigeria create to deliver infrastructure projects.

Te problem is that most States are too lazy to conceive great projects and lobby private sector players.

An envious and hateful need to blame the success of Lagos as "FG-assisted" is why many commenting here forget Lagos did extensive groundwork planning for the project and secured guaranteed private sector investment before the FG assisted.[sup][/sup]

Tinubu is really teaching past president how to develop your state of origin when you ate in power. If obasanj, Jonathan and buhari had done sane massive project in their state while in power Nigeria will be more develop than this

InifinteXR:
How much is your states IGR compared to Lagos, even when they got no allocation during Obasanjo's time, they were still fine

NB: not that I'm supporting the overwhelming taxes in Lagos nor supporting overinflated project budget

Were you sleeping? When IOC’s and multinationals were forced to move their HQ’s to Lagos? To benefit from tax.

Building Lagos with the Southeast and South-South oil and gas money, as has been the case. Tomorrow, agbado loudmouths will start misyarning, awa Lagos. 2027 no far again.

Lithiumite:
Building a rail line which is long overdue in the Most populous city in africa to you is wrong? So lagos should stop developing just because tinubu is president?

You should have ignored him , he is a supporter of the candidate who said infrastructure is not important to develop a country.

That has been One Nigeria since January 1970.

EmptyGarden:
Monkey Dey work, bamboo Dey chop. Just carry the whole budget developed Lagos make other states continue to look like villages.

Yankee101:
Is moving federal funds to mostly one part of the country not illegal in a federalism?

But Lagos is no man's land thou, it is occupied and represented by every ethnic group in Nigeria. So the project is for Nigerians in Lagos.
Same way the blue and red line isn't for Lagos indigenes but Nigerians . Costal road is for Nigerians, sokoto Badagry is for Nigerians, NELFUND,CNG,everything is for Nigerians . Even Dangote Refinery is for Nigerians but located in Lagos.
Why in Lagos? Becuase the government created enabling environment, invested in security.
No sit at home, No bandit threats.

AustineE1:
Shamelessly this 'data boy' is yapping as always,tomorrow they will change the narratives and tell you how Lagos state built all the infrastructures that we have seen federal govt allocating trillions of naira into.
Anyway,it is a no man's land!

The fund is a loan with one of foreign bank and it will be paid when it's due. Federal govt isn't father xmas

Yankee101:
Is moving federal funds to mostly one part of the country not illegal in a federalism?

.
Yes it is. What can you do?

Thedon22:
I am surprised some people have stopped talking about Audio Projects, which were common when Tinubu took over. Why? Because , Tinubu has shamed them by delivering on projects at a speed never seen before. Blue, Red, Green rails lines started and delivered, Badagry - Sokoto road delivered, Lagos -Calabar road meeting milestones, Sports rejuvenation - falcons, d tigress and now SE. When last did we accomplish all these as a nation and within 3 years? Tinubu has silenced purveyors of Audio Projects with results while some people's Messiah can only talk about washing dirty toilets. Ordinary people discuss people, visionary leaders discuss ideas !

.
This one go cry for long oooo

Building Lagos with Lagos money later they go come dey claim nah our land nah our land

Building Lagos with federal money later they go come dey claim nah our land nah our land