₦airaland Forum

GloriousGbola:
Here we go again

Airport in a civil service state.

We have mastered white elephant projects.

Amoto94:
Governor Ododo Accelerates Kogi Airport, Lokoja Market Projects, Engages Financial Institutions

The Kogi State Government has announced plans to issue a ₦50 billion Sukuk bond to finance the construction of a Kogi State International Airport and the Lokoja International Market, two projects described as transformational and critical to the state’s economic development.

Governor Ahmed Ododo disclosed this during a meeting with investors, representatives of the Nigerian capital market, fund managers, issuing houses, regulators and development finance institutions in Abuja.

Speaking through the Commissioner for Finance, Budget and Economic Planning, Asiwaju Ashiru Idris, the governor said the decision to approach the capital market was driven by strategic ambition rather than fiscal distress.
“Permit me to be very specific on the purpose of the proposed ₦50 billion Sukuk bond. The bond is strictly asset-backed and dedicated to financing two transformational infrastructure projects of strategic economic importance to Kogi State—the development of the Kogi State International Airport and the completion of the Lokoja International Market,” he said.

Ododo explained that the proposed international airport is designed to unlock logistics efficiency, attract private investment, support agro-exports, facilitate business travel and position Kogi State as a natural hub linking Nigeria’s North, South, East and West.
He added that the Lokoja International Market, when completed, would serve as a major commercial nerve centre by formalising trade, boosting internally generated revenue, creating thousands of jobs and strengthening urban economic activity.
The governor stressed that the state operates under a 32-year development plan, which provides long-term direction, policy continuity and predictability in capital deployment, adding that the plan guides its budgeting, borrowing and project execution framework.
On the viability of the bond, Ododo reaffirmed his administration’s commitment to fiscal discipline and governance reforms, noting that these efforts have received independent validation.
“Kogi State has been assigned a ‘B’ rating with a stable outlook by Fitch Ratings, reflecting improved financial management, a prudent debt posture and a strengthening capacity to meet debt service obligations,” he said.

He also noted that beyond internally generated revenue and federal allocations, Kogi State now benefits from 13 per cent derivation revenue as an oil-producing state.

Assuring investors, the governor said both projects are tangible, revenue-supporting assets fully aligned with Sukuk principles.
“The proceeds will not be applied to recurrent expenditure, but to infrastructure that expands productivity, stimulates commerce and strengthens the state’s long-term repayment capacity,” he said.
Also speaking, a member of the advisory team and Managing Director of AVA Capital Group, Kayode Fadahunsi, expressed confidence in the offer, describing it as a “textbook infrastructure Sukuk.”
“These are revenue-generating projects that can literally pay themselves down. This is not borrowing for consumption but for assets that will expand Kogi State’s internally generated revenue,” he said.

The Sukuk, structured as a senior unsecured Ijara Sukuk, will be issued at ₦1,000 per unit, with a programme size of ₦50 billion and a tenure of between five and seven years. Distribution will be through book-building to optimise rental rates, with a minimum subscription of ₦5 million.

Is the road from Ankpa to Olamaboro LGA area tarred already?

BlueRayDick:
Na accident cause am according to front page news

https://www.nairaland.com/8604701/traffic-gridlock-truck-overturns-otedola

This bridge is something else

popizaino:
Is the road from Ankpa to Olamaboro LGA area tarred already?

Help me ask him oooo. The one in kogi west is worse. No sign of government presence in most part of the zone yet the fake flower is interested in white ant becoming a senator.

afrodoc2:
We have mastered white elephant projects.

The roads across the west and east of kogi state are very bad. It's insane for such Governor to think of constructing a white elephant project in a state that's very close to Abuja with airport when such funds can be used judiciously.


It's a misplaced priority!

reccy:
The roads across the west and east of kogi state are very bad. It's insane for such Governor to think of constructing a white elephant project in a state that's very close to Abuja with airport when such funds can be used judiciously.


It's a misplaced priority!

How will he steal and not have EFCC hounding him after 8 years like his boss?

The answer is the white elephant project na.

reccy:
Help me ask him oooo. The one in kogi west is worse. No sign of government presence in most part of the zone yet the fake flower is interested in white ant becoming a senator.

The same thing is happening in my state . Adeleke is thinking of building an Airport when the road to my local government from IWO hasn't seen asphalt since Bisi Akande's time.

Sometimes, i don't understand the thought process some of our governors especially those who prioritise Airport building in non - economic viable state.

reccy:
The roads across the west and east of kogi state are very bad. It's insane for such Governor to think of constructing a white elephant project in a state that's very close to Abuja with airport when such funds can be used judiciously.


It's a misplaced priority!

Kogi should just construct a rail from Lokoja to Lokogoma or anywhere in Abuja Municipal

Lokoja to Abuja is 3 hours by road. Let the Rail half that period, and watch Lokoja become a top city in Nigeria

Izzou you must listen to good music se, this is him rapping before vector took him out of his misery

BigBird Kuti (Seun Kuti), Talib Kweli, and Vector cooked on Higher Consciousness.pic.twitter.com/U0Zlf7Njvy

— @𝗼𝗻𝗲𝗷𝗼𝗯𝗹𝗲𝘀𝘀𝗯𝗼𝘆 (@OneJoblessBoy) January 23, 2026

iamoyindamola:
Izzou you must listen to good music se, this is him rapping before vector took him out of his misery

BigBird Kuti (Seun Kuti), Talib Kweli, and Vector cooked on Higher Consciousness.pic.twitter.com/U0Zlf7Njvy

— @𝗼𝗻𝗲𝗷𝗼𝗯𝗹𝗲𝘀𝘀𝗯𝗼𝘆 (@OneJoblessBoy) January 23, 2026

I have no issues with roasting Seun oh.

Na him papa make me dey talk

Roland17:
In comparison to the last election cycle, keeping PDP in shambles benefits both ADC and APC right now. It is a free for all right now and as it stands, Atiku/ ADC have a better grip of the party than Wike who is struggling to have his men in top positions. With Atiku’s men holding sway, irrespective of the court orders, it would be easier for PDP to collapse its support and structures for ADC/ PDP than for Wike/ APC.

I’d be shocked if PDP even present a presidential candidate. Truthfully, this cycle is different. If Atiku and the rest were still in PDP then maybe. Keep in mind, 5 out of the 6 remaining PDP governors are all from the North (NE/NC/NW) with Makinde being the only Southerner. These 6 governors have fought Wike to reclaim control of the party and are all allies of Atiku.

PDP is looking like LP of the last election cycle. Wike’s control has dwindled significantly and that is what he is calculating. Further destroying the PDP doesn’t exactly do much because everyone is feeding on them now. Fubara joining APC has thrown a wrench and made things difficult. The likes of Fayose are Wike’s allies but they have lost relevance in the grand scheme of things, especially in the party.

Last year, I believe I said when the time comes, Asiwaju will make his position clearer on Rivers State post SOE and that is what we are seeing now.

60% of Nigerians do not even know what is ADC or what party it is, Many will even think you are talking about APC because of how similar both names are

There is no Nigerian that doesnt know what PDP is. Its a household name.

In many states ADC do not have state coordinators, do not have LGA nor ward structure, PDP has all these just waiting to be activated. In addition to 6 governors

If ADC has a 30% chance of winning in 2027, If PDP issue gets resolved that probability jumps to 50% instantly. That only person stopping that issue from being resolved is Wike.

With Tinubu being the beneficiary of a scattered PDP. You both alluded to it, If PDP matter resolves within 1month everyone in ADC will be in PDP because they know its a better vehicle

izzou:
Not to take anything away from the Good news, but Shell has not invested anything yet.

They only rolled out plans to invest.

Good news, but we should tarry in prayers, so nothing would steal it away from us

When they hint of plans to move away before anything concrete people will jump on govt without waiting for the implementation

BlueRayDick:
He probably just read the headline and didn't bother reading the body of the article

Below is what the body says

Oil giant Shell Companies in Nigeria on Thursday announced plans to invest US$20 billion in the Bonga South West oil project.

NNPCL Group Chief Executive Officer Bashir Bayo Ojulari disclosed this while speaking with State House correspondents after President Bola Tinubu received in audience Shell Companies CEO Wael Sawan at the Presidential Villa, Abuja.

The NNPCL boss said the US$20 billion investment would have a ripple effect on the economy, creating jobs and resuscitating moribund fabrication yards.

Chief Ojulari said the economic climate established by President Tinubu’s administration had restored investor confidence.

He added: “I think what this has shown is that we’re seeing more confidence in Nigeria’s economy from investors. Mr President has also committed to continuing to explore opportunities as they arise, ensuring Nigeria’s investment environment—particularly in the oil and gas industry—remains dynamic.”

He continued: “Shell also committed to the President to pursue another US$20 billion in opportunities over the next couple of years. They indicated that their ability to do this—and to attract global capital amid fierce competition—stems from the confidence they have in the leadership Mr President has demonstrated.

Anything you want to deduce from that?

TemporaryHansel:
Why doesn't the Governor lead APC in Lagos?

Who is the number 1 of NNPP in Kano? The Governor or Kwankwaso?

Ellexy:
Ramdeuter the way you were demanding for proof, I thought you would have responded to it by now....

I demanded proof that the DSS detained him for demanding road repairs

Let h DSS tell us if he was detained because of road repair agitation

popizaino:
The same thing is happening in my state . Adeleke is thinking of building an Airport when the road to my local government from IWO hasn't seen asphalt since Bisi Akande's time.

Sometimes, i don't understand the thought process some of our governors especially those who prioritise Airport building in non - economic viable state.

Popi are you from Osun ni? I thought you are from Oyo state Ogbomoso abi na Ejigbo you from come?

reccy:
The roads across the west and east of kogi state are very bad. It's insane for such Governor to think of constructing a white elephant project in a state that's very close to Abuja with airport when such funds can be used judiciously.


It's a misplaced priority!

Insane indeed. It is such a pity.

raumdeuter:
When they hint of plans to move away before anything concrete people will jump on govt without waiting for the implementation

I already said it's good news.

I just corrected the "Invest" you typed.

Leave my white robe nau

raumdeuter:
Popi are you from Osun ni? I thought you are from Oyo state Ogbomoso abi na Ejigbo you from come?

Paternal grandfather Ogbomosho.
Paternal grandmother Ejigbo.

popizaino:
Paternal grandfather Ogbomosho.
Paternal grandmother Ejigbo.

Okay. I get you now, So you are still Oyo state according to Nigerian laws

izzou:
I already said it's good news.

I just corrected the "Invest" you typed.

Leave my white robe nau

Okay my I leave your garment for now at least for the sake of our GO

PDPGuy:
Between the 1960s and the 1980s, under the guise of "countering Communism," the CIA infiltrated Christian movements all over Africa and the Global South with the mission of steering Christian doctrines away from so-called "Liberation Theology" (teachings that encouraged people to stand up to corrupt governments and take collective action to better their lives), because this doctrine apparently was "Communist."

It funded and assisted the explosive growth of a whole new form of Christianity, which you recognise today as Prosperity Gospel, and it pumped millions of dollars into pushing it all over the Global South as part of its Cold War effort. This new doctrine ignored any kind of collectivism and encouraged people to see their Christian faith and salvation as individualistic issues that can be measured with specific individual outcomes, such as economic "blessing."

It was the perfect capitalist trojan horse because it convinced people to stop thinking of progress as a shared national issue and rather as an individual responsibility, which meant they did not need to organise into pressure groups, political movements, trade unions, student unions, or any other collectivist entities that the US government considered "Leftist" or "Communist." It succeeded wildly, and turned the world's poorest people in Sub Saharan Africa into rabid, money-obsessed capitalists without capital.

And in case you're wondering whether this means that all your mega pastors in Lagos and Abuja are US government-funded industry plants, the answer is simple: do a 1-minute Google search and find out where they all gained their theology degree or pastor training. There's your answer.

Anyway this is all on open record on the FOIA section of the CIA's own website, but the oyibos have convinced you that "Africans don't read," and you have internalised your own false stereotype, so you definitely won't read regardless. Your job is to enter my comment sections and drop laughing emojis because your forced laughter is your coping mechanism for dealing with how completely powerless and lost you are in a world you haven't begun to understand.

Anyway for the benefit of the 2 people who understand the value of reading and exervising their brains:

CIA and Missionaries: Half a Loaf by Wesley Granberg-Michaelson
https://sojo.net/magazine/may-june-1976/cia-and-missionaries-half-loaf

CIA Covert Action Information Bulletin Number 18: The CIA and Religion
https://cia.gov/readingroom/docs/CIA-RDP90-00845R000100180004-4.pdf

Blowback of the gods: the U.S. government's covert use of religion as a tool of foreign policy in the Cold War by Wallace, James C.
https://open.bu.edu/items/4e6bb7b6-d978-4e7d-960a-43169dd8e303

Liberation Theology: Religion, Reform, and Revolution
(CIA Directorate of Intelligence Research Paper)
https://cia.gov/readingroom/docs/CIA-RDP97R00694R000600050001-9.pdf

** by David Hundeyin**

You dey follow this clown back to back

Ibime:


You dey follow this clown back to back

The guy was asked about the begging culture in Lagos and still had to link it with the west. His hatred for the west is now becoming unreasonable.

monerozi5590 I don see your thread wey you dey complain

https://www.nairaland.com/8604852/hidden-danger-falling-food-prices

raumdeuter:
monerozi5590 I don see your thread wey you dey complain

https://www.nairaland.com/8604852/hidden-danger-falling-food-prices

Farmars are really suffering . Tinubu needs to stop importation or else I fear serious hunger in the future.

izzou:

Screwdriver seller no dey rest

Everyday new intel to the US. Xavi no throw passes reach Nwa Screwdriver

https://www.nairaland.com/8604908/alex-barbir-mass-burial-plateau

raumdeuter:
Screwdriver seller no dey rest

Everyday new intel to the US. Xavi no throw passes reach Nwa Screwdriver

https://www.nairaland.com/8604908/alex-barbir-mass-burial-plateau

NYTimes have suddenly gone mute.

I was reading the story yesterday on how ICE detained a 5 year old kid. It was disgusting

Only to find out that the father escaped, leaving his son, and ICE had to keep the child.

PDPGuy:
Between the 1960s and the 1980s, under the guise of "countering Communism," the CIA infiltrated Christian movements all over Africa and the Global South with the mission of steering Christian doctrines away from so-called "Liberation Theology" (teachings that encouraged people to stand up to corrupt governments and take collective action to better their lives), because this doctrine apparently was "Communist."

It funded and assisted the explosive growth of a whole new form of Christianity, which you recognise today as Prosperity Gospel, and it pumped millions of dollars into pushing it all over the Global South as part of its Cold War effort. This new doctrine ignored any kind of collectivism and encouraged people to see their Christian faith and salvation as individualistic issues that can be measured with specific individual outcomes, such as economic "blessing."

It was the perfect capitalist trojan horse because it convinced people to stop thinking of progress as a shared national issue and rather as an individual responsibility, which meant they did not need to organise into pressure groups, political movements, trade unions, student unions, or any other collectivist entities that the US government considered "Leftist" or "Communist." It succeeded wildly, and turned the world's poorest people in Sub Saharan Africa into rabid, money-obsessed capitalists without capital.

And in case you're wondering whether this means that all your mega pastors in Lagos and Abuja are US government-funded industry plants, the answer is simple: do a 1-minute Google search and find out where they all gained their theology degree or pastor training. There's your answer.

Anyway this is all on open record on the FOIA section of the CIA's own website, but the oyibos have convinced you that "Africans don't read," and you have internalised your own false stereotype, so you definitely won't read regardless. Your job is to enter my comment sections and drop laughing emojis because your forced laughter is your coping mechanism for dealing with how completely powerless and lost you are in a world you haven't begun to understand.

Anyway for the benefit of the 2 people who understand the value of reading and exervising their brains:

CIA and Missionaries: Half a Loaf by Wesley Granberg-Michaelson
https://sojo.net/magazine/may-june-1976/cia-and-missionaries-half-loaf

CIA Covert Action Information Bulletin Number 18: The CIA and Religion
https://cia.gov/readingroom/docs/CIA-RDP90-00845R000100180004-4.pdf

Blowback of the gods: the U.S. government's covert use of religion as a tool of foreign policy in the Cold War by Wallace, James C.
https://open.bu.edu/items/4e6bb7b6-d978-4e7d-960a-43169dd8e303

Liberation Theology: Religion, Reform, and Revolution
(CIA Directorate of Intelligence Research Paper)
https://cia.gov/readingroom/docs/CIA-RDP97R00694R000600050001-9.pdf

** by David Hundeyin**

There may be some truth in this. That’s when the likes of Kenneth Hagin started bombarding Africa with unsolicited prosperity based books and resources, flying Nigerian pastors to the US for indoctrination, the question has always been why, and who was sponsoring it.

izzou:
NYTimes have suddenly gone mute.

I was reading the story yesterday on how ICE detained a 5 year old kid. It was disgusting

Only to find out that the father escaped, leaving his son, and ICE had to keep the child.

Na so dem dey run agenda, When dem wan arrest father and he fled leaving a 5yr old, what should police do? Leave 5yr old alone on the street or make dem no arrest father again?


If Trump start shelling Nigerian bandits/terrorists you will start reading about the advantages of having bandits and terrorists or why isnt he giving them a fair trial

People here don taya for them and agenda

raumdeuter:
I demanded proof that the DSS detained him for demanding road repairs

Let h DSS tell us if he was detained because of road repair agitation

Let DSS deny and debunk the headlines or else they are guilty as charged. Amala can't save you here.....why did Tinubu's Admin arrest a man for holding his governer accountable?

Ellexy:
Let DSS deny and debunk the headlines or else they are guilty as charged. Amala can't save you here.....why did Tinubu's Admin arrest a man for holding his governer accountable?

You havent shown us evidence that Tinubu admin DSS arrested him for holding his governor accountable on the issue of roads like you claimed

The burden of proof is on the person who makes the claim

raumdeuter:

You havent shown us evidence that Tinubu admin DSS arrested him for holding his governor accountable on the issue of roads like you claimed

The burden of proof is on the person who makes the claim

Intentional blindness to the proof [screenshots] shared yesterday saying exactly why DSS arrested the man is very bad egbon. Change your ways this year...

If you say Punch and Sahara Reporters are lying, then provide proof of their lies or tell DSS to debunk them. If you can't do either of the 2, you have no leg to stand on.