₦airaland Forum

Iamgrey5:
Oga pseudo intelligence, the minister only suggested the best practice around the world.

An infrastructural bond is not a terrible idea if implementated well.

A bond is an instrument used by public liability companies and governments to source money from the public.

A 10 trillion infrastructure bond is not a bad idea, especially when Nigeria as a country does not have the financial muscles to fund its own infrastructural needs.

hedonido:
God bless you. That is one of our biggest problems. Ascribing competence to glib charlatans, even with zero results to show for it. Fashola is the poster boy for this nonsense. Na God go save us.

Richie0974:
Most people bashing Fashola didn't watch his screening, he knows what he's talking about.

hisexcellency34:
I only hope that old nigga won't give him three key ministries to manage again..just make him minister of works. He knows nothing about Power

AbuuBilaal:
Housing projects have never stopped going on nation wide. Unfortunately, it's your kinsmen usurping my share and your kinsmen usurping your share since democracy.

GOFRONT:


Some politicians would "No money, No money"...... So where is this N10tr going to come from??

hisexcellency34:
I only hope that old nigga won't give him three key ministries to manage again..just make him minister of works. He knows nothing about Power

solmusdesigns:
I think thats just the problem of fools asking god to bless dunce for spewing trash..

Nigerias only problem is How to fund our huge infrastructural deficit which fashola in his wisdom suggested a 10trn bond that any body can subscribe to, to many dull dunce thinks nigeria is rich and deserves isshh but fact and figures show our only meaningful export is 2.5mbp crude which IOC takes 40% while 60% is. Shared by Fg, 36 state and 774 local governments.... with 200million oil dependant people, yet we want to copy saudi with less.than 50m citizens on 11mbpd

..

Iamgrey5:
Oga pseudo intelligence, the minister only suggested the best practice around the world.

An infrastructural bond is not a terrible idea if implementated well.

A bond is an instrument used by public liability companies and governments to source money from the public.

A 10 trillion infrastructure bond is not a bad idea, especially when Nigeria as a country does not have the financial muscles to fund its own infrastructural needs.

realstars:
Do I here you say housing project going on in 34 out of 36 States?
Please Mr honorable minister which kind lie be this?
Remember you had 3 ministry and you fails the 3 without Macy.

RexTramadol1:
The one wey no be bond sef, heartless politicians they swallow am without mercy



Now if citizens give 1k each as bond for infrastructural arrangement



Na same way snake go swallow everything!



We never even see wetin our tax dey do

Reference:
I totally agree. 10 trillion is even not near enough to call it an investment, but two things will trigger my disapproval.

One, 10 trillion must be the bill of a business decision, the cost of a FID that has amongst its contents, a projected ROI within the shortest possible time. How many times has the government raised debt instruments only to lump it in the national debt without any tangible plan to repay. The infrastructure must be first, business oriented long before it is a social vehicle and far too long before it becomes a political donkey. So it is not a matter of pedantry geo politics but of strategy. The infrastructure invested in must yield raw cash in return first and not borne out of just a feel good, 'I have a road in my village ideology'.

Secondly it must be used as an instrument of economic recovery and economic development. Thus we need to completely re orient our economic ideology away from a consumer of goods and services to a producer of goods and services. If we donot, 10 trillion will become a millstone around our necks through runaway inflation. Infrastructure investing round the world is always a key economic stimulus tool except in Nigeria because we produce very little in the form of goods and services.

If all the rail lines and rolling stock will be produced in China and assembled in Nigeria by the Chinese then we are in trouble. If all the electrical components will be manufactured by Siemens AG and the power turbines made in the States by GE then all we will enjoy is capitsl flight. If all the dams, bridges and tunnels will be designed in the Czech republic and our perenial friends Julius Berger plc with their retinue of so called expatriates take home the lions share back to Europe we will only have our youth chase after them by sea while they fly overhead.

10 trillion is such a humongous amount that it should reach beyond providing infrastructure to reforming everything from our education sector to establishing industrial concerns such as steel, petrochemical and chemicals industries which are key drivers of development, the bricks and mortar of any country serious about moving forward.

I wholeheartedly support it but with serious caveats. We should think and talk first and very carefully before acting. It is as risky as the business of generating power from nuclear fusion.

GOFRONT:


Some politicians would "No money, No money"...... So where is this N10tr going to come from??

TSRC:
And being a buhari supporter has made your life better than the guy you quoted.

hedonido:
I'm not interested in what the idiot is suggesting. I'm interested in his FOUR YEAR SCORECARD. We're talking about an idiot that has been a minister already for four years. What is the measurable achievement gained under his watch?

Na me no sabi 'suggest' best practices abi? Give me a quarter of the ministerial perks (minus the fame) this Fashola idiot enjoys, and watch out for my own best practice recommendations. I'm not bragging.

You're not appointed a minister, superintending over billions of dollars (a chunk of which you divert to personal uses), and enjoying plenty siren blaring convoy, police protection, and the VIP status associated with the position, merely to offer very very banal 'suggestions' that any hungry, poorly remunerated research assistant/intellectual aide can prepare in a few hours and deliver to your table. It's annoying.

We can't afford to waste so much resources on these simpletons. We need outliers with superhuman ability. That's the only thing that can justify the kind of money we waste on servicing these useless ministers and other government appointees in this shithole country. Abeg I don vex.

realstars:
Do I here you say housing project going on in 34 out of 36 States?
Please Mr honorable minister which kind lie be this?
Remember you had 3 ministry and you fails the 3 without Macy.

Iamgrey5:
a emboldened

Where you the one that gave him over a billion of dollars?

The minister said his ministry and abilities to deliver were hindered by lack of fund and suggested ways Nigeria as country could solve the problem of lack of funds with regards to his ministry. Yet without any counter suggestions, you went on rampage insulting the minister and his suggestions like you have better solutions.

Remember! You don't have to like everyone, but you don't have disagree with everyone you don't like just for the sake of it.

it makes you appear irrational.

hedonido:
Ogbeni, just get lost. I'm not an asslicker like you. I don't give a Bleep about political correctness and 'civility', especially when things are going haywire.

If your empty hero Fashola has nothing but excuses, why is he still there speaking stupid English and trying to be minister again? Why not quit and allow someone else do the job? If he needs a bla bla bla trillion infrastructure bond to perform, and the so-called bond isn't forthcoming, then why is he still there? What is he doing there?

There are people who can deliver results even with the 'meagre' resources available now. Why are we not trying to locate such people and give them the opportunity to maximise available resources, eliminate wastage, optimise resource allocation, and deliver for the good of the motherfucking country? Must it be Fashola and his daddy Buhari and the useless APC government who have nothing but EXCUSES?

Abeg don't quote me again because you clearly have nothing reasonable to say. Nonsense.

hisexcellency34:
I only hope that old nigga won't give him three key ministries to manage again..just make him minister of works. He knows nothing about Power

Jaqenhghar:
Even if you empty the entire swiss coffers into Niggeria ot will never be enough

Iamgrey5:
@ emboldened

Where you the one that gave him over a billion of dollars to deliver this projects?

The minister said his ministry and abilities to deliver were hindered by lack of funds and suggested ways Nigeria as country can solve the problem of lack of funds with regards to his ministry.


Yet, without any counter suggestions, you went on rampage insulting the minister and his suggestions like you had better groundbreaking ideas.

Remember! You don't have to like everyone, but you don't have to disagree with everyone you don't like just for the sake of it.

It makes you appear irrational.

Igbokid:
Hello to Atiku

Tina26:
The debt this fool left in lasg is still there. Yet he wants more

realstars:
Do I here you say housing project going on in 34 out of 36 States?
Please Mr honorable minister which kind lie be this?
Remember you had 3 ministry and you fails the 3 without Macy.

hedonido:
Sophistry as usual. That's all this glib, 'eloquent' Senior Advocate of Darkness and Incompetence knows.

TSRC:
The rocket science minister that talks a lot of game but with poor effectiveness.

While Nigeria’s ratio of debt-to-gross-domestic product is low relative to other governments at about 25 percent, its small tax base means interest costs as a proportion of revenue are high. The federal government’s interest payments-to-revenue more than doubled to 60 percent last year from 27 percent in 2014, according to the International Monetary Fund. The figure is on course to rise to 82 percent by 2022, which the Washington-based lender says is “unsustainable.”