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How Lagos Spent N160 Bn World Bank Loan – Fashola - Politics (3) - Nairaland

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Senate Approves Edo $75m World Bank Loan / 1 Dollar = 1 Naira: Buhari Approves An Exchange Rate Of N160 To $1 / Lagos-Ibadan Expressway Reconstruction To Cost N160.7bn (2) (3) (4)

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Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by deletrue: 11:02am On Oct 20, 2014
gregg2:
“When next they come to tell you about debt, remind them that they approved the borrowing . . . . . "

Bullshit!!! Like seriously, Mr Fashola?
Our politicians are criminals and very deceitful.

I remember when Finance Minister attempted to block further loans to Lagos due to
excess indebtedness incurred by the Fashola's government. This same man was found scampering all
over Abuja begging, complaining, crying. He visited Jonathan, David Mark, Okonjo-Iweala, Tambuwal etc.
His party turned it to a political issue, running propaganda until GEJ stepped in and directed
Okonjo-Iweala to approve of that loan atleast for peace to reign

3 Likes

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by micolaj: 11:06am On Oct 20, 2014
yorke1:
Tinubu, Fashola & APC scamming Lagosians since they remain to be gullible and refused to kick them out! grin tongue
you are biased, cos you've taken side already.It's also evident that you're a TANmite, I don't need any further evidence to affirm that. Tackle the issue and stop advertising JONATHAN and PDP

1 Like

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by eleko1: 11:09am On Oct 20, 2014
£
Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by Nobody: 11:10am On Oct 20, 2014
ratiken:



5. Fashola adamantly approved a 1000% increase in the school fees rates for LASU students without any corresponding increase in wage rates. It took wide spread protest and unending strikes that forced the govt to its knee. This is the record increase of school fees in Nigeria and ranks the height of insensitivity


As regards Fashola's university caper...the problem is that at current funding rates, LASU is not being sufficiently funded.For it to be sufficently funded, at least half the state's IGR must be spent on the university (Now, that is not possible).

You raise a lot of good questions,except for the university issue. The problem is that it isn't LASU experiencing this issue....at around the same time last year, some federal universities raised fees.This is as a result of the Federal Govt telling ASUU last year that they did not have enough money to fufil the extra funding promise made in 2009.

The sum of what I am trying to say is this....Nigerian Universities need a raise in funding to be able to compete with the best abroad. And since there isn't enough oil money to go round anymore...it is going to come from increased fees.

Here, read the article I linked below...

Rich kid, poor kid the fallacy of education subsides in Nigeria

Funding Nigeria's University education

1 Like

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by anonimi: 11:12am On Oct 20, 2014
manutdadex:
if lagos is borrowing dat amount frm world bank to provide street lights, wat hapnd to all d internally generated revenue? Moreova d lekki exp road and lightin is financd by banks who will collect tolls frm dat raod! Lagos has d best tax system in d country and yet they borrow N160b!!! Hmmmm!

The slow but steady unraveling of the smart crooks in Alausa house is gaining momentum.

IGR grew from N7.2 billion in the whole of 1999 to N246 billion in 2013 with borrowings from different angles, including the JagaBandit's offshore accounts plus OFF Balance Sheet donations from companies etc yet the BASICS of modern life are not provided. Such basics like:

- TAP water
- well maintained and expanding FEEDER roads
- education for ALL our children (for which LASG received extar allocation of almost N6 billion from the federal government's UBEC)
- Primary Health Clinics and General hospitals

5 Likes 1 Share

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by mcpat(m): 11:17am On Oct 20, 2014
I dont care if he spends #200bn, all i care about is that kamoru gets free ride to a state owned school every morning looking smart in his new uniform and nice bag..before fashola kamoru never knew what the four walls of a classroom looks like

6 Likes

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by Efomeh2020(m): 11:20am On Oct 20, 2014
Lagos is working! We can see d evidence. Remember those time past when you can't pick ur calls at d bus stops for fear of loosing ur phone. We need change at d federal level!

4 Likes

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by Delafruita(m): 11:21am On Oct 20, 2014
gregg2:
“When next they come to tell you about debt, remind them that they approved the borrowing . . . . . "

Bullshit!!! Like seriously, Mr Fashola?
Our politicians are criminals and very deceitful.

I remember when Finance Minister attempted to block further loans to Lagos due to
excess indebtedness incurred by the Fashola's government. This same man was found scampering all
over Abuja begging, complaining, crying. He visited Jonathan, David Mark, Okonjo-Iweala, Tambuwal etc.
His party turned it to a political issue, running propaganda until GEJ stepped in and directed
Okonjo-Iweala to approve of that loan atleast for peace to reign
stop misleading people.NOI blocked the second tranche of a loan for a project that was already underway.

1 Like

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by Mogidi: 11:24am On Oct 20, 2014
micolaj:
you are biased, cos you've taken side already.It's also evident that you're a TANmite, I don't need any further evidence to affirm that. Tackle the issue and stop advertising JONATHAN and PDP

Whats wrong with him reminding us of the rapacious Tinubu or Fashola who's growing fat daily under Tinubu's tutelage?

2 Likes

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by Akanimo01(m): 11:24am On Oct 20, 2014
Really?Honestly,the explanations do not offer such use as is commensurate with the amount borrowed.It appears the use to which the loan was put is inexplicable!

1 Like

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by deletrue: 11:29am On Oct 20, 2014
ayusco85:
these are flashes of what to expect from an APC government? a debt ridden country? Buhari also took a loan to buy his form lipsrsealed
But you get VERY bad mouth. You have just told the world that apc and its members cannot live abi survive without loan. Tufiakwa. May this apc loan season continue to to live with them and them alone. The loan party and the loan people. Who says God no dey with Nigerians? Imagine how they are expossed. If this party had won elections, then we would died in loan repayment.
Na God dey expose them so.

3 Likes

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by M4gunners: 11:30am On Oct 20, 2014
Ok i don hia next story please.
Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by nnasino(m): 11:34am On Oct 20, 2014
Best governor ever, can't wait for that marina rail to be completed. If APC can project fashola as president, then they have my vote.

1 Like

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by Blackfire(m): 11:35am On Oct 20, 2014
[quote
author=Mogidi post=27295222]

This is well rehearsed choreography of what happened to the money, why
not let Lagosians find out the truth through passing the FOI
bill?[/quote]

if i say make plane of joy land for ur, e go be like say na fight,guy sango bless u

1 Like

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by victorv12(m): 11:36am On Oct 20, 2014
I60 Billion Naira! Fashola and is goons are crooks. I wonder why Nigeria leaders can be so lazy. What about the internally generated revenue (IGR), the state claims to be making? I see know reason why they can't use the funds generated internally on state project. It's so unfortunate how our leaders as mortgaged the lives of the unborn child in Nigeria. The more they borrow, the more we're enslaved to the west and the asians...Modern-day slavery.

3 Likes

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by ayusco85(m): 11:36am On Oct 20, 2014
Fesomu:
buhari took a loan to save your future iddiot..he's not a perfect man buh he's gat what it takes to stop corruption which is the most important thing nigeria needs

and why are u been insultive? by their fruits u shall know them... APC e-rat

1 Like

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by ayusco85(m): 11:38am On Oct 20, 2014
since2005:
[size=35pt]Just imagine my boyfriend owns that sum of money[/size]

ooops

smh for ur way of reasoning

1 Like

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by ayusco85(m): 11:41am On Oct 20, 2014
deletrue:
But you get VERY bad mouth. You have just told the world that apc and its members cannot live abi survive without loan. Tufiakwa. May this apc loan season continue to to live with them and them alone. The loan party and the loan people. Who says God no dey with Nigerians? Imagine how they are expossed. If this party had won elections, then we would died in loan repayment.
Na God dey expose them so.

i no get bad mouth. i said the obvious. abi lie dey the comment? undecided

1 Like

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by Mogidi: 11:43am On Oct 20, 2014
Blackfire:


if i say make plane of joy land for ur, e go be like say na fight,guy sango bless u


grin grin grin grin
Oga, Sango go bless you in abundance also.
Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by Nobody: 11:46am On Oct 20, 2014
ayusco85:
these are flashes of what to expect from an APC government? a debt ridden country? Buhari also took a loan to buy his form lipsrsealed




APC is the worst opposition party in Nigeria's histroy,I guess Jesus had them in mind when he spoke of hipocrites.

1 Like

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by ibedun: 11:48am On Oct 20, 2014
[size=18pt]“This is the fifth largest economy in Africa, please remember that when you go out to vote. It is not a place to experiment with beginners.[/size]“

We made this mistake with the useless Ijaw fool and we are all paying for it. Look at all the useless SE states as well. Fashola for life!

3 Likes

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by ugwum007(m): 11:48am On Oct 20, 2014
all dis billion billion and Ejigbo roads & streets are still in shambles. I heard a 10years old boy drowned in one of the pot-holes along one of the roads in ejigbo.
Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by Nobody: 11:51am On Oct 20, 2014
pheesayor:
Even a blind man knows Fashola is working,



Yea,Fashola is working.He is busy borrowing money here and there,thats what I call "Hardwork"

1 Like

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by jaso1(m): 11:53am On Oct 20, 2014
gregg2:
“When next they come to tell you about debt, remind them that they approved the borrowing . . . . . "

Bullshit!!! Like seriously, Mr Fashola?
Our politicians are criminals and very deceitful.

I remember when Finance Minister attempted to block further loans to Lagos due to
excess indebtedness incurred by the Fashola's government. This same man was found scampering all
over Abuja begging, complaining, crying. He visited Jonathan, David Mark, Okonjo-Iweala, Tambuwal etc.
His party turned it to a political issue, running propaganda until GEJ stepped in and directed
Okonjo-Iweala to approve of that loan atleast for peace to reign
If you call Fashola analytical report on how debt incurred is been managed what would you say to $20b that disappeared like thin in the air. 2 cases of money laundry in SA. Romance of criminals while judiciary is been structure to be given judgment base on money bag. There is no country in the world who doesn't borrow money but most important thing is judicious spending of the money. If the money is spent for its purpose why d distraction noise? PDP has spent trillion of dollars on electricity with Zero achievement. Sure-p is another clear platform that PDP is using to finish Nigerians. PDP in the central has not completed single road since it's advent in the country, even boko haram it claim to be it's priority never witness any progress. We need another person to continue and rescue this country from PDP. the outdated management style of PDP will continue add salt into injury. The padi padi government under PDP has come to an end. We need people with current thinking to move this nation up.

5 Likes

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by veraponpo(m): 11:56am On Oct 20, 2014
The heading is misleading.

Note that LASG does not owe world bank 160bn. This amount is the summation of all the external and internal debts including the world bank, bond, etc.

He has also explained that of this amount #51bn is due to be repaid by FG, #82bn is already in the conservative account making #133bn. The balance is #27bn.

This means before Fashola leaves office he would have kept sufficient amount in the account for the repayment of the bond because the commisioner for finance of the state has once said about 15% of the IGR goes into an annuity account for debt repayment .

Fashola is the best. Haters can go and die( in the words of Oshio Baba)

6 Likes

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by ayusco85(m): 11:58am On Oct 20, 2014
mikeson12:





APC is the worst opposition party in Nigeria's histroy,I guess Jesus had them in mind when he spoke of hipocrites.


guy u badt o cheesy cheesy cheesy. u just gave APC an upper cut

1 Like

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by FrankC3: 11:58am On Oct 20, 2014
ibedun:
[size=18pt]“This is the fifth largest economy in Africa, please remember that when you go out to vote. It is not a place to experiment with beginners.[/size]“

We made this mistake with the useless Ijaw fool and we are all paying for it. Look at all the useless SE states as well. Fashola for life!

Folks like this are the worst advertisement for APC.

How many times, with all the disagreements, have you seen PDP supporters calling APC chieftains/leaders foo.ls? You never get to hear such, you may hear them accuse them of being 'thieves' in Nigerian context but not the kind of personalized insult that flow freely from APC members against the number one citizen of their own country and other leaders that they disagree with. There is definitely something wrong with a political movement that encourage their followers to insult the leaders of their country personally just because they disagree with them or their approach to governance.

2 Likes

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by amobii: 12:10pm On Oct 20, 2014
gregg2:
“When next they come to tell you about debt, remind them that they approved the borrowing . . . . . "

Bullshit!!! Like seriously, Mr Fashola?
Our politicians are criminals and very deceitful.

I remember when Finance Minister attempted to block further loans to Lagos due to
excess indebtedness incurred by the Fashola's government. This same man was found scampering all
over Abuja begging, complaining, crying. He visited Jonathan, David Mark, Okonjo-Iweala, Tambuwal etc.
His party turned it to a political issue, running propaganda until GEJ stepped in and directed
Okonjo-Iweala to approve of that loan atleast for peace to reign

how many PDP governors begged before they get their loans approved, we all know what happened to Tinubu when his allocation were delayed for almost 7months, because he was only AC governor then. cut that Crap we all know how it's work frustrate him so that they can take Lagos that is their strategy.

1 Like

Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by buoye1(m): 12:12pm On Oct 20, 2014
OK
Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by elohorayodele: 12:18pm On Oct 20, 2014
ayusco85:
these are flashes of what to expect from an APC government? a debt ridden country? Buhari also took a loan to buy his form lipsrsealed
Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by SAINTDADA: 12:20pm On Oct 20, 2014
hmmbabs:
Just like his mentor, Bola Tinubu.. U na be bunch of liars, we know u too wellaaa for Lagos.. Most of d projects done in Lagos were funded by d FG... Faaaaaaashhhhooooollllla, wait for ur turn but I doubt.. Buhari/Fashola ticket no go pay us for ds Naija. Buhari is planning to Islamize Nigeria.
u r a big fool... A gov who has d dcency to tell hw state funds r being spent is talking and u r spewn trash... For ur info am a christian from the SW and me and my entire family wud vote a buhari/fash ticket if the APC presents one.... Ur islamization propaganda aint gonna work... Moffo!
Re: How Lagos Spent N160 Bn World Bank Loan – Fashola by Rijes: 12:20pm On Oct 20, 2014
Fesomu:
I love dis fashola guy.. We need somebody like him to guide nigeria.. He has a concrete plan on how to spend and repay lasg debt unlike some nuisance in aso rock. Na d rock go kill em
dear idiot,
Lagos Election is near the corner, when will he pay

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