Aareonakakanfo:
[b]For God's sake how will I be earning 10k per month and be borrowing 50k from the bank.Who does that?

Maaan some of these guys don't think.Common sense

Despite the number of Industries springing up in Ogun state, why is the IGR so low? Look at the gap between Lagos and other South-west states

Mr otondo Mimi-koke just borrowed another N7billion oo




Komonsense Solutions

---

Cut down the population of civil service workers by encouraging vocations.Not everyone should be in the Civil service

Encourage entrepreneurship so more private sector jobs can be created.If we lay off government workers through inefficiency, they can move to the private sector and those on the payroll of the Government will reduce

Raise Taxes:Taxes should be raised.Companies should pay more tax.This is where I fault Ogun state

Cut Spending: Increasing tax is not enough,some of these Governors are just wasteful.Patronize local firms because Its cheaper.There's Dantata & Sawoe Construction,there's Costain west Africa.I believe these foreign construction companies are cheating us.Projects that should ordinarily cost $2 billion will cost $7billion .Why?[/b]

Ibebe:


Can you imagine that Nigerians complained when Buhari stopped the patronization of foreign construction companies?

These foreign companies thinks Africans are dumb and backwards. They will charge as much as legally possible.

When we have local engineers and contractors, why are we hiring foreign labor? When we have local cement companies, why are we buying from foreign companies?

I heard that Aregbesola used to be a mechanic. How is someone like that supposed to understand investment/economy/debt vs revenue etc?

Ritchiee:
We know that leveraging is to use debt to finance activity or activities.For example, one usually borrows money in the form of a mortgage to buy a house. One commonly speaks of this as leveraging the house. Likewise, one leverages when one uses a margin in order to purchase securities. A company with much more debt than equity is generally called "highly leveraged." Too much leverage is thought to be unhealthy.OUR 5 SW GOVERNORS LEVERAGING IS THREEMUCH.I BELIEVE THEY HAVE SPENT THIS MONIES LAVISHLY ON THEMSELVES.Many firms use leverage in order to expand operations.Ask yourself,my beloved brother,what exactly have they expanded? ...WHICH ACTIVITIES IN THE SW HAVE OUR 5 GOVERNORS FINANCE, MY BROTHER PLS NAME THEM

Ibebe:


Can you imagine that Nigerians complained when Buhari stopped the patronization of foreign construction companies?

These foreign companies thinks Africans are dumb and backwards. They will charge as much as legally possible.

When we have local engineers and contractors, why are we hiring foreign labor? When we have local cement companies, why are we buying from foreign companies?

I heard that Aregbesola used to be a mechanic. How is someone like that supposed to understand investment/economy/debt vs revenue etc?

Aareonakakanfo:
[b]For God's sake how will I be earning 10k per month and be borrowing 50k from the bank.Who does that?

Maaan some of these guys don't think.Common sense

Despite the number of Industries springing up in Ogun state, why is the IGR so low? Look at the gap between Lagos and other South-west states

Mr otondo Mimi-coke just borrowed another N7billion oo

Komonsense Solutions

---

Cut down the population of civil service workers by encouraging vocations.Not everyone should be in the Civil service

Encourage entrepreneurship so more private sector jobs can be created.If we lay off government workers through inefficiency, they can move to the private sector and those on the payroll of the Government will reduce

Raise Taxes:Taxes should be raised.Companies should pay more tax.This is where I fault Ogun state

Cut Spending: Increasing tax is not enough,some of these Governors are just wasteful.Patronize local firms because Its cheaper.There's Dantata & Sawoe Construction,there's Costain west Africa.I believe these foreign construction companies are cheating us.Projects that should ordinarily cost $2billion will cost $7billion .Why?[/b]

Shymm3x:


Huh? - there goes ya technocrat.

The heifer fooled me with the welfare dream, despite lacking the required intelligence on how to go about it. Birds of a feather.

Aareonakakanfo:

sanmibukunmi:

I like the idea of cutting our civil service but I fear it might backfire and could really make a lot of people miserable. so am thinking why not make our civil service productive. most of this civil servants do nothing at their place of work. they resume at 8 and before you know it, they are off before 3. they need to start being productive even if its going to take giving workers in the ministry of agriculture hoes and cutlasses to go work in government set up farms. enough if workers in our ministries sitting down in offices doing nothing. they should go to the field and serve as work force for the state. if the states have companies they are runnung , civil servants should be the workers there. if state a have farms, civil servants should be the attendants there. if the state has a bank, civil servants should be the bankers. this way, we would generate fund while using the state's civil service

His words: “Osun is now a failed state because of the financial recklessness of the governor. I really appreciate the fact that he confessed the present state of Osun affairs is beyond him, and he should immediately throw in the towel.

“Nearly all commercial banks in Osun are being owed one form of loan or the other. The matter has reached a stage that the committee of bankers in the state at their meeting resolved that no bank should loan this government any more money. They are also waiting for remittances into state’s coffers.

“As soon as money comes in, they withdraw it. The situation calls for sober reflections, and we will also look at ways we are going to help our people in a manner that will not ridicule them.”

Commenting further, Omisore said the immediate past federal administration did not owe Osun or any state statutory allocation or any other funds due to it, and alleged that, apart from inflated contracts, Aregbesola also spent a huge sum on the presidential project of the All Progressive Congress, APC, and was among the five highest donating states.

Shymm3x:


Brev, even if they were to raise taxes, I don't think that alone will solve the problem. To maximise IGR, you have to spend money on assets and build infrastructures, so as to entice investors. These states don't even have the capital for that - they're all running a deficit.

All I can see here are owanbe governors celebrating owanbe parties despite living in a shared apartment.

Ibebe:

Honestly, how did Osun people get to this stage?

Somebody, help me make Fayose disappear.........legally. Before he plungest Ekiti into a sea of debt.

sanmibukunmi:

well we can start by getting this sort of info to our youths. a lot of our youths don't know all this. dey are just following politicians they have no idea what is being done to their future. look ever since this thread started, not up to 100 different people have commented. there are only about 2 million ppl on nairaland its self of which just about 500k is Yoruba. and not all of them are regular visitors. now, that's about 500k out of about 30 million youths in Yoruba land. we need to learn every one know let's take this information we have to the streets, to our schools, offices , market places. let's letbppl know the dire future ahead of them. from the literates to the illiterates. from the learnerds to the unlearned. we need to let then know so that when elections come up, people will ask the right questions. when people start asking the right questions from leaders, they will know people now know much more than they think. I believe information is power and one of the problems we have via ignorance. let's inform people around us the way we are heading into let's show then the proofs and stats of our present situation and believe me you,it won't be long before we start getting it right

zimoni:
Bro Ritchiee,

That of Lagos is in billion $

But the other states (governed by brainless, clueless, unproductive and useless governors) are in millions $

Please make amendment.

Shymm3x:


Aregbe embodies rascality to a T. He makes GEJ look like Sir Isaac Newton.

Fayose the stomach infrastructure bandit is Aregbe without the goatie.

^^^These two shouldn't even be allowed to manage a family.

Aareonakakanfo:

Yeah but then again the limited money they have, they're wasting it on the so-called infrastructures.They are paying excessively for something that ought to be cheaper

Ibebe:


I seriously can't.

Who is going to pay back all these loans?

The likes of Tinubu/OBJ/Fashola etc can pay the loans, but they're too selfish for the Yorubaland interest.

Ibebe:


I seriously can't.

Who is going to pay back all these loans?

The likes of Tinubu/OBJ/Fashola etc can pay the loans, but they're too selfish for the Yorubaland interest.

Shymm3x:


However, are they really building infrastructures that can generate/create wealth? I'll probably give Lagos a pass here cos of Eko Atlantic and a few other decent projects.

But can the same be said about Osun, Ekiti, Ogun, Oyo, and Ondo? Didn't Aregbe build a massive drum, despite the fact that he knows the state is broke?

The Drum is just a one off.There are road projects he has carried out in Osun

I like Aregbe because of the welfare thing but he's just..I don't know

The otondo is even building mini stadia across Osun state

I doubt if that guy has a team

WIZGUY69:
you mean they should use their personal money to pay back the loans?

Shymm3x:

I don't think Fashola has that type of money. I doubt Tinubu allowed him to steal that much in Lagos cos once you start allowing ya "younger" you brought in the game to steal/make more than you, then the level of respect will diminish.
OBJ is as useless as they come...that's the Mr. Nigeria gorilla right there. That nyggah doesn't care about Yoruba unless there's money to made.
And isn't Tinubu the unseen hand that got the whole region into this mess in the first place to enrich himself? You think the same rogue will help, no?

WIZGUY69:
it's due to party affiliation that we package and defend Aregbesola even to the extent of owing workers salary. and we will still be the one to point another PDP state governor that's owing workers salary. I don't just understand. how we are blinded by politics that makes us to seeing saints in this governors while they are not.

WIZGUY69:
can't wait for 2018 for the idiot to pack his bag and leave osun.

Aareonakakanfo:



The Drum is just a one of.There are road projects he has carried out in Osun

I like Aregbe because of the welfare thing but he's just..I don't know

The otondo is even building mini stadia across Osun state

I doubt if that guy has a team

Ibebe:


I can't remember the last time I got on a thread to support Aregbesola's rascality. It's disappointing when I see Yorubas defending him just because of the tribalism on NL.

Shymm3x:


AregbeGoatie almost fooled me with the welfare thing cos anything that involves investing in education, kids, and senior citizens will always have my support. But the guy isn't just it. He probably read a book about welfare and didn't bother doing a proper scholarship about implementation.

What's the point of building mini stadia? How's the going to generate revenue?

Shouldn't he be focused on investing in tourism in the state and sending emissaries to countries where a large bulk of Yoruba diaspora that visit the state annually for all types of festivals, just to get more folks to come, and maximise state revenues from that? And maybe other things that state has potentials in?

My brother, I'm ttired mehn

Ibebe:


2018?

OMG that's too long.

Are you guys seriously going to wait till 2018?

3 more years to plunge Osun into more debt.

Fucking fo' real?

Aareonakakanfo:


My brother I'm ttired mehn