₦airaland Forum

“Lagos - Calabar coastal highway is the best road in Africa”- Obident confesses 😕 pic.twitter.com/2wRPFahJu7

— David Offor (@DavidsOffor) February 6, 2026

Thedon22:
I love Tinubus doggedness and focus. He will be the best president Nigeria produces.

Thedon22:
I love Tinubus doggedness and focus. He will be the best president Nigeria produces.

Thedon22:
I love Tinubus doggedness and focus. He will be the best president Nigeria produces.

mrvitalis:
So a man has 12 children and 3 wife's, he is already struggling with debts.. His monthly salary and barely feed his family not to talk about intrest on loans he has taken before

But miraculously he gets another loan of 2 billion naira

He then decide to book family vacation
sends his children to the most expensive school
Start building a mansion in the village
Buys super luxury cars

One of his children said that they should have invested this money into a business that can yield profit to pay back the debt first so the family won't be in more difficult problem

The other children call him enemy of progress, show him pictures of the cars n vacation then ask if those are not nice things

ElSudani:
Government is not exactly like a business. The primary purpose of a government is public service not profit.

Obiedun:
I don't believe it. Even obi has condemned the project. Some people believe that you have to condemn anything done by the government. Some criticized the project because of their hatred to Tinubu. Some just condemned it for nothing sake. Opposition is not only about criticism

mrvitalis:
So where do you think a government who revenue is less than debt service +recurrent expenditure would get money to build a road like this?

Loan? How exactly would this loan be rapid?

Printing more money and buying dollars abi? And the results ? Inflation, weaker naira

Is the road really worth it?

ElSudani:
The road is totally worth it because it makes it easier for businesses to operate more efficiently. If that happens more businesses will be created and existing ones will grow bigger, and if this happens more people will become employed and earn wages and salary.


This is where government revenue comes in:
Taxes:
Governments primarily make money by imposing taxes on individuals and businesses, including income, corporate, sales (GST/VAT), and property taxes. Other significant revenue streams include fees for services (tolls, passports), fines, profits from government owned corporations, and issuing debt (bonds) to borrow money.
Primary Revenue Sources:
Personal Income Taxes: The largest source of revenue for many federal governments, levied on salaries, wages, and investments.
Corporate Taxes: Taxes levied on the profits of businesses.
Consumption Taxes: Taxes on goods and services, such as the Goods and Services Tax (GST) or Harmonized Sales Tax (HST).
Payroll Taxes: Contributions for social insurance programs like Employment Insurance or Social Security.
Excise Taxes and Duties: Specific taxes on items like alcohol, tobacco, gasoline, and imported goods.
Other Revenue Generation Methods:
Government Enterprises: Profits from government-owned entities (e.g., postal services, transportation).
Fees and Fines: User fees for services, licenses, tolls, and penalties for infractions.
Natural Resource Revenue: Royalties from oil, gas, and mineral extraction.
Debt Financing: Issuing government bonds and Treasury bills to investors to cover budget deficits.
Central Bank Revenue: Interest earned on government bonds held by the central bank.

mrvitalis:
So a man has 12 children and 3 wife's, he is already struggling with debts.. His monthly salary and barely feed his family not to talk about intrest on loans he has taken before

But miraculously he gets another loan of 2 billion naira

He then decide to book family vacation
sends his children to the most expensive school
Start building a mansion in the village
Buys super luxury cars

One of his children said that they should have invested this money into a business that can yield profit to pay back the debt first so the family won't be in more difficult problem

The other children call him enemy of progress, show him pictures of the cars n vacation then ask if those are not nice things

AndroBlaze:
And if the business fails again like Ajaokuta Steel, NITEL, NEPA, NNPC and all the other silly businesses he has been doing for 65 years where people keep taking advantage of him?

Or would you prefer he copies his fellow broke pretentious neighbour who boasts about how he invested most of the money in a brewery and kept the rest in a bank account to earn the smallest of interest?

Biko, please leave Economics for those who actually went to proper schools and studied to understand it.

The example you gave earlier only exposes the level of thinking that has gotten Nigeria to where it is now i.e. puttings square pegs in round holes and thinking every smalltime businessman/leader is a President or finance minister in the waiting.

mrvitalis:
You support APC so I don't expect much from you

A road that has several alternative would generate enough new business to over 10 billion dollars loan... In a 220 billion dollars economy?

Maybe you guys don't know how economics works sha

As for the rest chat gpt generates answer won't even bother

In 5 years intrest would start pillng and naira would surely reach 3500 then we can enjoy the new road

Obiedun:
I don't believe it. Even obi has condemned the project. Some people believe that you have to condemn anything done by the government. Some criticized the project because of their hatred to Tinubu. Some just condemned it for nothing sake. Opposition is not only about criticism