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Nairaland Forum / Nairaland / General / Politics / Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan (19214 Views)
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Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by Born2Breed(f): 8:41pm On Oct 15, 2019 |
Eko for show |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by brainworkng: 8:42pm On Oct 15, 2019 |
Tinubu has finally finished Lagos State. The end is really near for this man. Lagos state generates nothing less than 50 billion naira in a month, yet one slowpoke Governor is seeking approval of 250 Billion naira loan. I wonder what will be left in this country after they milk it dry |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by normaman(m): 8:42pm On Oct 15, 2019 |
FarahAideed: |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by aalangel(f): 8:44pm On Oct 15, 2019 |
Lagos State Governor, Babajide Sanwo-Olu has sought the endorsement of the House of Assembly for a loan of N250 billion. My question - Does he want to excavate Lagos and build another one 3 Likes |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by achikolo(f): 8:51pm On Oct 15, 2019 |
[s] solmusdesigns:[/s] |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by normaman(m): 8:53pm On Oct 15, 2019 |
normaman:I have often wondered why a state with annual budget of $3.2 billion will have flooded filthy roads across, coupled with lawless disorderly road users that have been left unchecked and has been Hazzards. Compare lag to Rwanda whose annual natiy budget is about $2.8 billion and they've managed to get efficiency and prudent leadership which has rewarded their nation with clean environment, 24 hrs power supply and most importantly, human capital development. 2 Likes |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by achikolo(f): 8:53pm On Oct 15, 2019 |
[s] solmusdesigns:[/s] |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by achikolo(f): 8:54pm On Oct 15, 2019 |
[s] post=83167969:[/s] |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by achikolo(f): 8:54pm On Oct 15, 2019 |
[s] solmusdesigns:[/s] |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by lukui: 8:59pm On Oct 15, 2019 |
Hofbrauhaus: fight less think more!!! how did Biafra war during Gowon's regime ended?? modern warfare is more of thinking than physicality!!! |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by maxzzo1(m): 9:37pm On Oct 15, 2019 |
Hofbrauhaus:Aboy u are wicked!!! |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by femo007(m): 9:48pm On Oct 15, 2019 |
The way Lagos dey take borrow money,hummmm I know want talk |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by akdjr(m): 10:03pm On Oct 15, 2019 |
This is less than the N282.6b illegal IGR Lagos State ceded out annually to Agberos. Correct me if I am wrong with my submission. |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by Advancedman(m): 11:13pm On Oct 15, 2019 |
FarahAideed: This is why they hate Ambode he refused to borrow yet was paying the previous debt 3 Likes |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by ValueConcepts: 11:31pm On Oct 15, 2019 |
aalangel: It is on record that the much villified ambode didn't borrow a dime in four years, rather he paid part of what was borrowed by his predecessors. He blocked every avenue for leakages (particularly the free money to party men) and what he saved from these leakages and the IGR were what he used for the few projects he did. While I do not hold any brief for him nor consider him a saint, it is very clear now that that he was only shoved aside because he did not 'Sanwo Eko'. Some claim he was 'ungrateful' to Tinubu? I beg to differ. I will rather say his prudence was critical to the political survival and relevance of Tinubu today. If not for his prudence, Lagos State would have been in a financial limbo when Obasanjo withheld the State's allocation from the federation account and that would have made it easy for Obasanjo and PDP to take over Lagos at the polls. Or did Obasanjo not take over the other states in the South-West controlled by the AD then? Nigeria is what it is today because our politicians never think wealth creation, rather, they steal what is presently available and what should be available in the future through their borrowings. 4 Likes |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by wechat1: 2:02am On Oct 16, 2019 |
Most of the money Lagos make goes to tinubu pocket,lagosians never see anything,they forgotten that tinubu get heart stone,because abode Refuse to share lagos state money,that's why he remove him fixed his own paddy. 1 Like |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by Nobody: 4:51am On Oct 16, 2019 |
solmusdesigns:oga this one no pro anything o!. |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by Nobody: 4:52am On Oct 16, 2019 |
Why is it coming to national assembly to borrow 150 billions... Jagagban is keeping the treasury of Lagos State let sanwo-olu go and collect part of the money jagagban kept on their behalf... |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by Butoneday2(m): 8:19am On Oct 16, 2019 |
If you ask me na who i go ask. Lemme go and baff first i will come back later to comment. |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by Nobody: 9:05am On Oct 16, 2019 |
PureFace1:If most of the money go to federal.govt, why is federal govt not taking care of Lagos? I have not seen federal govt presence in Lagos for yrs. Why are Lagos politicians not attacking federal govt like the east? |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by Daguccizgreat(m): 9:29am On Oct 16, 2019 |
solmusdesigns:Then I want to ask you this, Why can't they offset the debts accrued over the years before borrowing another ? Do you know how much Lagos is owing both locally and internationally ? Upon all the borrowing, there are no corresponding massive infrastructures showing the money was well used. Dude be sincere to your self |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by solmusdesigns: 9:46am On Oct 16, 2019 |
Most of the loan taking are long term loans that its repatment can take up to 25 to 30 years Lagos Debt profile stands at 530 billion or less than 2 billion USD, and its IGR stands at 1.5billion USD so lagos can pay up its debt in just two years Compared to other states Lagos is visibly investing in infrastructures, atleast we can see thier BRT, the light rail project, ibeju lekki seaport, Ambode's fancy bus interchange at oshodi The reason why a state like Lagos borrows is simply because all of its revenue doesnt come once and they have just 6 month construction window untill rain starts and all construction stops Daguccizgreat: |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by AlphLukau: 10:13am On Oct 16, 2019 |
Oga Sermons Preacher , Go and work |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by AgnesIkpunnu2(f): 10:17am On Oct 16, 2019 |
[s] solmusdesigns:[/s] |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by West2019(m): 10:31am On Oct 16, 2019 |
affable4:95 million per day |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by experience16: 11:07am On Oct 16, 2019 |
I thought the Lagos-Badagry road has been approved by the Federal government in the last month FEC meeting. Why does Sanwo- olu want to spend money on an already approved federal road? Smh. We are really in a one chance government in Lagos state |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by aalangel(f): 12:22pm On Oct 16, 2019 |
ValueConcepts: Well said!! |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by awuf2008: 2:44pm On Oct 16, 2019 |
. making well over 35 billion IGR every month, still have have the guts to ask for a whooping N250 billion loan. Many states don't make one 5th of N30b, yet manage it well. If Lagos government continue like this, it may go bankrupt sooner than expected. |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by 9jaRealist: 3:31am On Oct 17, 2019 |
PureFace1: It does NOT... Even VAT is mostly returned to the states. > |
Re: Sanwo-olu Writes Assembly, Seeks Approval For N250bn Loan by 9jaRealist: 3:34am On Oct 17, 2019 |
experience16: The federal government is only handling from Okokomaiko to Seme border, the rest of it has been assumed by Lagos... > |
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