₦airaland Forum

yemaldo:
See them developers they avoid this thread

The Peninsula Integrated Power Project (PIPP) provides power for the Lagos State Government (LASG) water works and public lighting within Lekki, Victoria Island and Ikoyi. The project is a Public Private Partnership (PPP) between LASG and Peninsula Integrated Power Limited. This project is focused on greatly improving water supply and safety by the provision of street lights. The plant also has a dedicated distribution network and will run on Compressed Natural Gas (CNG). Facilities to be connected to the Peninsula Integrated Power Project


Facilities Connected to the Peninsula Integrated Power Project

Lekki Phase 1 Waterworks

Ligali Ayorinde Waterworks, Victoria Island

Saka Tinubu Waterworks, Victoria Island

Alexander Road Waterworks, Ikoyi

10 km of New Public Lighting within Lekki Phase 1

15 km of New Public Lighting within Victoria Island

Lekki-Ikoyi Bridge

veraponpo:
That is where you guys do get it wrong. Debt is called leverage in Finance. Once your Debt to Asset ratio is not more than 50% meaning ratio 1:2.

Lagos is today 5th economy in Africa coming behind Nigeria, Egypt, South Africa and, I think, Algeria. Far ahead other countries like Ghana, Morocco, etc. Do you think it came by signing MOU only or by waiting for allocation from Abuja or by looking IGR that will be used to pay salaries of staff?

There is a sinking fund for all the loans and a portion of the IGR goes into it monthly. This is why Fitch Rating for Lagos has always been A or B+. No threat to any loan given to Lagos as it is credit worthy.

kunle4toyeyaho:
Let the truth be told,ambode is very better than fashola in governance .I never knew common bus stop can ease hold up problems on our roads.Fashola embarks on projects that may not necessarily impact directly on common man,but ambode will bring relief to an ordinary lagosian by his project. If governance is about people ,I prefer ambode

deomello:
Talking about ease of traffic and dramatic changes, we know what Oshodi was like before Fashola's wonderful treatment.

We know what Okota itire junction used to look like before Fashola's okota itire bridge

I fit go on and on, but I'm sure you get the gist.

kunle4toyeyaho:
Ambode really watched fashola' govt. and took note of his weaknesses and he has improved so much on fashola's weaknesses

deomello:
Talking about ease of traffic and dramatic changes, we know what Oshodi was like before Fashola's wonderful treatment.

We know what Okota itire junction used to look like before Fashola's okota itire bridge

I fit go on and on, but I'm sure you get the gist.

iblawi:
Idumota and others