₦airaland Forum

arresa:
I said some states and I did not mention any state or whatever village your are from so must be guilty conscience troubling you..





I asked you what village you are from and what have they commissioned in your village, but obviously, you are too ashamed to name your village.

Your village is obviously backward, debt ridden and haven't commissioned a dog cage since 1960.


Don't be ashamed to name your village......

arresa:
Where is your state and when was the last time your governor commissioned ordinary classroom..?

arresa:
At what par? Zik built the first tv station in Africa like Awo did?

Zik built the first modern stadia in sub africa?

Zik built hotels like the still existing Lagos airport and premier hotels like awo did?

Zik built industrial estates like ikeja, apapa, ilupeju, matori and mushin industrial estate like awo did?

Zik created a conglomerate like the still existing Oodu group of companies..?


The developments Lagos state is benefiting from today transpired before the existence of nigeria as a country and before independence, also before the war.

This was the regional period when al the regions were on their own to develop at their respective level and from what we've seen, SW achieved more than the SE and the other regions combined.

War or no war, the SW achieved more in that period and still is today..

arresa:
1. Debt is not for everybody and it's not even only about just taking loans, it's all about who is taking the loans and their financial capabilities, planing and managerial skills and ultimately ability and capacity to pay back the loans.



2.Lagos state is not like any other state in Nigeria or the FG when it comes to debt and debt servicing and this is the reason why they have the best local and international credit rating...
[b]





They save and set billions aside in a separate account specifically for debt repayment.

What they saved have in their debt servicing account is more that your state's yearly budget..


The joke is on you...

manie:
http://www.vanguardngr.com/2016/05/japan-invest-1bn-lagos-mono-rail-project/

Meantime, the state government generated N101.69 billion revenues in the first quarter of year 2016 appropriation year, even as it had secured $100 million about N19.7 billion loan from the French Government to upgrade slums in the state.

Lagos is indeed a State within a State just like California is to the United States.

They can survive without Federal Government!!!!

copied from SMN

www.stockmarketnigeria,com

manie:
Lagos borrowed the loan from World Bank, but with a guarantee from FG. Meaning FG can use Lagos State monthly allocation to pay the loan, if Lagos defaulted.

N100 billion generated by Lagos is about $500 million, which is about $2billion in a year, but I doubt if Lagos current debt exposure is up to that amount.

manie:
The so-called foresight and development in Western region was when Awolowo was the Premier of the region, which was well before the war.

manie:
Please educate yourself, Lagos State got funding through bonds from the Nigeria Stock Exchange, becuase of my confidence in Fashola I also invested in the Lagos State bond.
Lagos got loan from the world bank for some specific project like drainage, flooding control, infrastructure etc.
African Development Bank was established to fund states and govts who meet up with their minimum standard.


http://venturesafrica.com/heres-what-you-need-to-know-about-the-approved-200-million-loan-for-lagos-state-nigeria/




https://www.naij.com/476994-lagos-borrows-another-n39-4bn-loan-from-world-bank.html

manie:
Our leaders need to start from somewhere, we need forward thinking leaders in Nigeria.

The Lagos that was the Federal Capital of Nigeria, was just 5% of the current Lagos. The federal capital included Lagos Island, Victoria Island, Ikoyi, Ebute metta, Yaba, part of Apapa, and some parts of Surulere.

The boundary of Lagos and Western region toward Ikorodu road is Jibowu, the boundary towards Victoria Island was Maroko, while there is another boundary at Ajegunle Apapa, that area is still known as boundary this date.

Awolowo established Industrial Estates at Ilupeju, Apapa, Matori, Isolo, Ikeja, Ogba, these Industrial estates are still present till date, he established Agricultural settlements at Oko Oba, Lekki, Ajah and some places in present Lagos State which used to be under the Western region.

Western region through Odua Investment, invested heavily in companies like Guiness, Nigeria breweries, Vita foam, WAPCO, Nigeria Bottling corporation, Nestle, Cadbury just to mention a few. Unfortunately subsequent military governors mis-managed the investments of Odua.

Odua governors are current having investments and economic summits, they are also thinking of collaboration, instead of waiting for a FG, i think our governors need to take their destinies into their own hands.

manie:
Financiers will not grant more loans if the current one is not performing.

manie:
Can you please outline some of the resources, so that we can share ideas.

manie:
Dangote also has the highest debt in Nigeria if not in Africa, yet financiers are still willing to loan him more funds.

There is no big deal on the size of your debt provided you are capable of servicing it as at when due, what matters is your credit rating and I guess Lagos has one of the best ratings among the states in Nigeria.

WIZGUY69:
....Bullshit as usual.
Just the way biafra is the most deveoped country in the world.
Aba mall is the biggest in africa.
Onitsha is the biggest city in the world. Keep believing your lies, its a free world.

Rexyl:
I hale Lagos! She can help bail out indebted States of the SW

manie:
The Chest Beaters will do well for themselves and their unborn children, if they can replicate just 10% of their so-called achievements made in other places in their own region.

What will it profit a Chest Beater if you develop another man's land, but you neglect your own land.

I think charity begins at home, but to the chest beaters it appears charity begins in a foreign land.

FlyoruB:
Poppycock! Those chest beaters didn't do shyt. If they are so super how come they aren't replicating such feat in their region? Ogun state last IGR figures was higher than the two top states in your region's combined so you are a joker.

ruffcoin99:
If they are serious let them enter plane to abuja, then to aso rock in front of the presidential villa, and stop this abroad madness, most of them don't even have resident permits. Lobish

mekuzi09:
Please stop this nonsense. Quit brandishing your empty head on public forum as this.... This Igbos that you hate so much have consistently asked for a referendum to leave your useless and backward progressing country and you idiots refused, yet your kind will come up here and spew trash without break.
Did you really go through the story to know what led the killings in the first place. Do you know how many times this herdsmen have raped and maimed communities in the name of grazing? Do you have an idea how the killings started in the first place? Who initiated it and how did it get to this point?
Does your useless brain grasp the reality that this guys have been killing anybody who dares to oppose them on their rampaging quest to feed their cows irrespective of whose right or stomach they infringe on?
Why are you guys so pathetic? If you can't tell others the truth, at least, tell yourself the truth. You cannot destroy my farmland and expect me not to react. You guys are complete idiot. This is just the reason why this country will not progress, because of the existence of retarded brain as yours. Idiot.

2sexycom:
typical excuse for failure... enjoy your excuse and pass it on to your kids.

antispexish:
I dnt see the southwest destroying their infrastructure because they want power, yet they are black people!

2sexycom:
as you usual, this what you lots will often come up with. Did they tie the hands of Niger Deltans when those oil bloc were being taken? What were your kings, chiefs, local government chairmen and governors doing?

In the end, you will open your mouth and call a Northerner mumu.

greenpasture:
Most are dead, and Henry Okah is where? Any state can afford to be patient and pick off its enemies at the time and place of its choosing.

Let them come again. Night or day.

greenpasture:
Blowing up pipelines under the cover of darkness has now become a badge of courage?

Come to Lagos.

The people that bombed Atlas Cove - where are they today?

Come oh. We are waiting for you.

yinkus204:
Them never born una well to blow lagos even boko haram that's more stupid then u can't try it, avenger abi wat is ur name come and try it and see the end of 3million people wasted in ur region go and ask the Igbo wat happen in 1975

nichoblaze:
bro hope dat ain't u lol cos u look like my dog.....
pls guyz its her opinion so respect dat and b a perfect gentleman..tanks