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Nairaland Forum / Nairaland / General / Politics / Gov. Fashola Made A Laughing Stock Of Lagos In Canada (21764 Views)
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Gov. Fashola Made A Laughing Stock Of Lagos In Canada by sparkle10(m): 6:45pm On Dec 24, 2011 |
I read with disgust and utter disappointment in Gov Fashola a newspaper report in far away Canada. How on earth could he order scraps as trains for lagosians use. Rather crazy. Read and comment please. http://www.nowtoronto.com/mobile/#story.cfm?c=182186 |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Afam4eva(m): 6:52pm On Dec 24, 2011 |
Commuters in Lagos, Nigeria may be about to get some new trains of their own. Our old ones. This sentence really cracked me up. . .Lmao |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Nobody: 6:57pm On Dec 24, 2011 |
if the man buys brand new trains and charges premium for using them you muppets will be up in arms better reinsert your head into gej's anus instead of challenging the mans moral , intellectual and all around superiors useless Arrow - instead of cringing in shame at the foolol in aso rock, you are running your mouth at a man who is exercising the prudence that is absent from your oga billion naira food budget nonsense |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Kobojunkie: 7:01pm On Dec 24, 2011 |
oyb: Oh put a sock in it!!! Have we ever owned rail in Nigeria that purchasing brand new state of the art would be considered a PREMIUM? When Japan got the bullet train was it considered a PREMIUM too? Do you think when we finally get the metro trains here replaced in Chicago, we(a broke city we are now) will consider it a premium? It is definitely not bad to buy used but you ought to ask first why we are investing money in building technology that most cities around the globe are saying BYE BYE to. If it is the case that we cannot afford better, then maybe ok, but ask at least. Not fume in the mouth that others would prefer we go for the gold on this too. The Federal just spent $2 billion purchasing old locomotives, must the states follow suit? |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Nobody: 7:05pm On Dec 24, 2011 |
you are missing my point if lagos buys brand new trains and then starts charging n500 per ride, people will be up in arms. its mass transit, after all with all the challenges facing lagos, i doubt if state of the art trains will be on the agenda. oddly enough the people blathering about laughing stock probably have no problem with using cast off oyibo cars. |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Kobojunkie: 7:12pm On Dec 24, 2011 |
oyb: I know what you are trying to argue but it is pointless attempting that. Again, has Lagos ever had high speed rail service before now that charging Naira 500 a ride should be considered a premium? When Jakande proposed Lagos Rail project back in the 80's, do you think it was to start at $1 a ride?? Ofcourse not. Even the old LSTC rides were not cheap when they first came out. Because these things where new at the time but as time went by, the costs went down as more and more people used them. If Lagos believes it is too challenged to go for up-dated rail, that is fine. But attacking people for mentioning the obvious, which is that we are building old and not for the new, when, again, cities across the globe are getting rid of their old so they can update to more efficient technologies, makes no sense. I will remind you again that we have invested about $2 Billion dollars(not naira) at the federal level into obtaining 1970's technology in the year 2011. I am not sure about you but I don't have much confidence in that kind of spending. And I don't have the same confidence in states investing new money into old technology either. An individual choosing to invest his own money in CAST OFF OYIBO CARS is one thing. But a State investing money that we expect to yield significant returns now and in the far future, in OLD TECHNOLOGY is another thing entirely. |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Kobojunkie: 7:17pm On Dec 24, 2011 |
As Toronto trainspotters gleefully take maiden rides on the TTC’s Rocket, commuters in Lagos, Nigeria may be about to get some new trains of their own. Our old ones. The writer of this piece just went for the jugular!!! |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Obiagu1(m): 7:23pm On Dec 24, 2011 |
The bottom line is, Fashola purchased at a high cost trains that would have ended up as scrap metal in Canada. For a product to be regarded as scrap, it no longer has service life. At the end of the day, Lagosians will end up paying the so called "premium fare" because of the high cost of maintaining those scrap. |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Nobody: 7:29pm On Dec 24, 2011 |
kobo perhaps you have been in yankee. the land of we must buy everything brand spanking new, for too long for those of us in nigeria that do not work in the fg, we have to make prudent fiscal compromises in some of our choices it would be wonderful if there were unlimited fiscal resources, or a manufacturing base that would ensure that the trains could be built in nigeria, thereby creating business , but that is not the case in any event a quick perusal of the op's previous posts makes it clear that it is nothing more than a gej troll. nuff said |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by KnowAll(m): 7:34pm On Dec 24, 2011 |
I am disappointed, but then prudence is not a crime, the savings made at purchasing those junk can be ploughed into other sectors of the economy. |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Nobody: 7:38pm On Dec 24, 2011 |
in companies across nigeria assets are auctioned to staff when their net book value is zero. i guess four year old cars in perfect working condition can also count as scrap. if my memory serves me right, fshola made no secret of the fact that lagos would be buying used trains for this project |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Kobojunkie: 7:43pm On Dec 24, 2011 |
oyb: CORRECTION: In Yankee, we don't buy everything brand spanking new. NO, we actually research costs,future costs, returns, and benefits, before we go purchasing. When you go buying something, you have to consider it's real worth, and the life left in that thing. Have you ever heard of yard sales? Or Consignment stores? Goodwill? Salvation Army? Craigslist? We have tons of stores out here to resell good old items. Again, Yankee does not always buy new. If I went car shopping, I would have to have a real good reason for wanting to purchase a 30 year old car, especially one already condemned to the scrap yards. Maybe I collect old cars, and probably I enjoy rebuilding old cars and maybe selling them for a profit(there is a market for such). However, it would be unwise of me to consider a 30 year old car reliable transport considering maintenance cost and the fact that many of the parts for the 30-year old machine are probably no longer available. I actually have that particular issue with one of my old bikes. It is a 1989 model and so the original parts are no longer being produced so I go looking in scrap yards and old bike stores when I need to replace a pivotal part on the bike. But I love my bike so that headache is worth it for me. Even the state does not purchase all things new. The latest batch of police cars that were acquired where not purchased new. No, they were refurbished from old patrol cars. So, yes, correct yourself. Yankee does not buy new when it should not. Now, back to this, prudent fiscal compromises? Did you read the article at all? For scrap those things could have gone for $1500 each. But instead we paid way more than scrap cost for them, and this is not including cost of shipping them back to Nigeria, refurbishing them etc. And then there is the additional maintainance costs we will have to pay as these will need to be maintained more than newer versions would have. Are you sure this all ties into your "PRUDENT FISCAL COMPROMISES" concept? There is NO SUCH THING as UNLIMITED fiscal resources. Not even Saudi Arabia has that, so that is beside the point. And no, I don't believe every country has to actually have these materials/products produced there right in their backyard in other to make more meaningful use of the limited resources available to 'em. I really don't give a a darn whether you think this is gej on your arse or not. This post is about the purchase made, let's stick to dissecting that rather than side-tracking with you and your 'friends' coming in again to chase each others d***s for pages again throwing the thread off course again. We are buying, both at the national and state levels, equipment that are over 30 years of age, and we expect them to withstand the wear and tear of 21st century. I don't know about you but I am having a hard time understanding why we need to CONTINUE WITH THE OLD WAYS(which have failed us). 1 Like |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by EzeUche(m): 7:43pm On Dec 24, 2011 |
One man's scrap is another man's treasure? |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Kobojunkie: 7:45pm On Dec 24, 2011 |
oyb: WOW . . . Do you read your own posts at all? Four-year-old cars in perfect working conditions can also count as scrap? Really? Nothing wrong in buying used trains . . . we do that even here. However, like I said, you invest wisely, PRUDENTLY. Was this a wise, prudent investment on our part? That is the question. Do you have the answers? Please show us the information you have access to on this. |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by ayusman16(m): 7:47pm On Dec 24, 2011 |
I dont think the fool does |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Nobody: 7:58pm On Dec 24, 2011 |
unfortunately, we don't have any idea how much lasg is buying the cars we only have "he says the sticker price for Lagos is “significantly more” than scrap prices" . not enough to go by. Kobojunkie: obviously i am being sarcastic. when an asset has a net book value of zero (after depreciation) , it is fiscally of no value to the organisation that owns it. however, it is of value to others which is why it can still be auctioned for a good sum i know of indigenous up and coming oil companies that have bought 'scrap' rigs from western companies. the companies would probably have thrown them away as well. as long as it is atransparent process, not like the way some nigerians sell accidented or flood damaged cars as lightly used. |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Nobody: 8:00pm On Dec 24, 2011 |
westerners can be as smug as they want to be . . they will buy brand spanking new, eve if it puts them in hock to their eyeballs one would have though the financial crisis would have taught them some humility |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by jumobi1(m): 8:02pm On Dec 24, 2011 |
I smell inflated contracts. |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Kobojunkie: 8:05pm On Dec 24, 2011 |
oyb:Actually, the article tells you that TCC made a profit on the sale to Lagos, meaning the rail cars where sold at a profit. oyb: Well, the thing is, we are trying to use the same object for exactly what it was being used for by those who are getting rid of it. I am not sure what you have there works considering, that there standards has this listed as scrap. oyb:"Scrap" rigs to be used in a country where anything goes? Really? 30-year-old scrap rigs? I will not put it past companies that are in the buisness of making profits first and thinking of the environment last though. I don't even know how to even touch that one since I have no information in front of me to show that any of those scrap-rigs have been successfully installed and gotten to work with no problems at all. When you say transparent-process, what exactly are you referring to? That purchasing 30-year-old equipment is OK as long as we know they are 30-year-old, and would potentially cost more to maintain than newer versions? Please explain |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Nobody: 8:14pm On Dec 24, 2011 |
first of all, as i suspected, this is a recycled thread https://www.nairaland.com/nigeria/topic-752024.0.html secondly, it may not even be lasg buying the trains https://www.nairaland.com/nigeria/topic-668039.32.html
http://ekorail.net/ |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Kobojunkie: 8:16pm On Dec 24, 2011 |
yawn . . . I think it is too late to LIE about LASG not purchasing the carts because we all know that this happened earlier in the year. Yes, Fashola was out in Canada himself inspecting the carts, around election period. How you missed that, I do not know. Now back to the topic . . . . oyb:Actually, the article tells you that TCC made a profit on the sale to Lagos, meaning the rail cars where sold at a profit. oyb: Well, the thing is, we are trying to use the same object for exactly what it was being used for by those who are getting rid of it. I am not sure what you have there works considering, that there standards has this listed as scrap. oyb:"Scrap" rigs to be used in a country where anything goes? Really? 30-year-old scrap rigs? I will not put it past companies that are in the buisness of making profits first and thinking of the environment last though. I don't even know how to even touch that one since I have no information in front of me to show that any of those scrap-rigs have been successfully installed and gotten to work with no problems at all. When you say transparent-process, what exactly are you referring to? That purchasing 30-year-old equipment is OK as long as we know they are 30-year-old, and would potentially cost more to maintain than newer versions? Please explain |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Nobody: 8:20pm On Dec 24, 2011 |
Kobojunkie: https://www.nairaland.com/nigeria/topic-107950.0.html my company sold this to me at a profit, all things considering it certainly would not have made fiscla sense for them to try to fix a a six year old pickup - but i stlll got some use out of it. it would have been nice if at the time, i had more money, but i didn't , so i had to make do with my employer's 'scrap' |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by kodewrita(m): 8:20pm On Dec 24, 2011 |
^^Kobojunkie, quite active on politics but not on coding. Found your profile on stackoverflow. Lotsa dudes need your help on the programming forum tho. |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Kobojunkie: 8:25pm On Dec 24, 2011 |
oyb: Interesting that you now admit you only got SOME USE, not a lot of use from it. Again, we are talking here of a state making PRUDENT investments. SOME USE for a state will be considered by many as a waste of resources. Also I saw your rant there on westerners buying new. I am going to chuck that all up to ignorance on your part seeing that that is not even true. I do find it curious that you failed to mention that Lagos itself does not go all out when purchasing vehicles for it's staff. I can't remember ever reading of the state purchasing used cars at all. Interesting, don't you think? And this is the country you said always buys used, huh? |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by otokx(m): 8:29pm On Dec 24, 2011 |
Fashola appears to be far worse than Jonathan. |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Nobody: 8:32pm On Dec 24, 2011 |
Kobojunkie: yeah some use cause the next year i got an official car. end of. Also I saw your rant there on westerners buying new. I am going to chuck that all up to ignorance on your part seeing that that is not even true. I do find it curious that you failed to mention that Lagos itself does not go all out when purchasing vehicles for it's staff. I can't remember ever reading of the state purchasing used cars at all. Interesting, don't you think? And this is the country you said always buys used, huh? its really simple and i've said this somewhere before everybody's tokunbo starts from somewhere, and it depends on your resources some people buy used underwear some buy used clothes some buy used car some buy used house some buy used air planes some buy used ships some buy used rigs and so on and so forth. the west's economy is heavily dependent on consumers buying new.end of. oddly enough older industrial products are more durable than newer ones for the same reason - planned obsolesce was not part of their design consideration back then. |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Ejine(m): 8:35pm On Dec 24, 2011 |
You go fear 'commercial jalopy train' naa! |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Kobojunkie: 8:37pm On Dec 24, 2011 |
oyb: I am sorry but it does not work that way, especially when you are thinking long term. Then the real worth of the used item and the amount of use you can get from it becomes essential in the decision making process. If you are buying used cloths just to cover your unclothedness, you can get away with anything, but if you buying used cloths that you intend to use for a long time, at least ensure you get all your money out of it before the piece disintegrates on your body, then you consider the amount of use it has already gotten, the amount of use you can truly get out of it, maintenance cost, and also the cost. Now think on this and consider how states ought to spend the limited resources available to em. |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by manny4life(m): 8:38pm On Dec 24, 2011 |
@ Topic, I think LASG did a great disservice to Lagosians with the purchase of the "scrap assets"; I always thought it was fairly used, not knowing it's fully deprecated scrapped metal ready to melted back into the furnace oyb: I respectfully disagree with your analysis, depreciation is nothing but COST (Indirect Variable Costing), so therefore for you to so it's fiscally of "no value" after depreciation, to me is vague. There could be a "salvage value", we don't know, though depreciation could and will finish throughout the life time of that asset, but it's value remains. We can see examples are properties (FA) and its like. My point is just because there is no depreciable cost doesn't mean the assets doesn't exist on their books nor has any value to it. So with the example of an oil rig you mentioned, you call it scrap oil rig, TO YOU, but if the western companies has $0 cost depreciation with or without any salvage value, yet the asset is still deplorable to sea, and you have an opportunity to release or sell of the assets in most case way more than the salvage value, wouldn't you do the same? |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Nobody: 8:43pm On Dec 24, 2011 |
manny4life: you are missing my point. let me put it like this https://www.nairaland.com/nigeria/topic-107950.0.html this was a grounded vehicle that my employer auctioned. the car had been disused for at least six months. they did not consider repairs worth it considering the age of the car. if they had wanted to, they could have given it away. IT WAS OF ABSOLUTELY NO VALUE TO THE COMPANY. however, they chose to auction it and still made some money off it, and i still got some use out of it. it's still working, five years later. |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Kobojunkie: 8:44pm On Dec 24, 2011 |
In the spirit of recycling @Oyb. I do hope that Lagos state will give the used cars up when they are done. I know very well that it is possible to put some of those together to create housing for the poor. Now that I know they were worth $1500 each at time of purchase. I will probably not advice anything to pay more than $500 - 800 bucks per car, when Lagos is done with them( probably 2 years after deployment). |
Re: Gov. Fashola Made A Laughing Stock Of Lagos In Canada by Nobody: 8:46pm On Dec 24, 2011 |
Kobojunkie: did you only see clothes in my post. did cars, ships , planes and oil rigs somehow escape your gimlet eye? |
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