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Handsum64:
PDP and wailers are now in comatose
Insecurity is no longer selling for them

So, you call train and bridge the only infrastructure you can show after 6 years? You should be ashamed of yourself

mrvitalis:
The truth is Nigeria is a complex mix
..yorubas won't get obi because they are naturally social capitalist like the Norway , Denmark and their brothers

Obi is talking from a capitalist point of view like Germans , Japanese

Infrastructure are good , but are only feel good projects

Lagos ibadan rail can't break even in 100 years ..I'm not saying make profit ...yet u spent $1.5b ok it ...that's 750 billion ...what does that add to our GDP every year nothing

Imagine u take same 750 billion ...call the 10 biggest glass importers ...what would it take to move to manufacturing here ....how much do u want ....work with banks the form partnership establishing 3 glass factory ...that would cost not more than $600m ...u give them $400 million ask them to fund the other $200 million as loan without interest and payment break of 5 years from when they start operations ... payment in the next 10 years

Each factory would employ over 3000 people direct that's 9000 direct over 15000 I direct job

Nigeria glass import is around $1.5 billion a year ...with another $2 billion in west Africa and central African market ,

This would grow our GDP by 3.5 billion dollars minimum , generate a tax of over 50 million dollars per year

Now u still have $1.1 billion

U can do the same for ceramics plates and bathroom equipments ...that's would be less 200 million dollars as loan to the importers can set up 5 factories

U are left with $800 million

Garment factories in aba can cloth Nigeria with $400 million invest ...link the leather producers in kano the shoe markers in aba

Make it easy to transport with police harassment

We can commercialize the rice species we have developed ...$100 million to rice importers can do the magic

$1.5 billion if invested well can generate 5 to 10 billion GDP growth per year

It’s a very good idea but, They will still need to transport the finished goods

presidency:
Former Governor of Anambra State and running mate to Atiku Abubakar in the 2019 presidential election, Mr Peter Obi, flew into the eye of the storm some days ago, when he said on the breakfast show of a television station that the Nigerian economy couldn’t be driven on infrastructure development.

Mr Obi, my friend of many years, and member of the People’s Democratic Party (PDP) simply carried opposition politics too far, and got himself into a jumble. What did he spend eight years doing as Governor of Anambra State? Building and developing infrastructure to boost the economy of the state. If not infrastructure, then what? Why then did he say this? “You can’t use infrastructure to drive economic growth. You invest in education and the SME (Small, Medium Enterprises) sector instead to deal with poverty.”

I think the successful businessman and former Governor got completely flummoxed, perplexed, bewildered and bemused, all in the process of trying to run down the Muhammadu Buhari administration, which has been doing great things in infrastructural development in the past six years.

Obi said the thing was to invest in education and the SME. By Jove, where would education or SME be, without infrastructure? And by the way, what is infrastructure? The basic physical and organizational structures and facilities like buildings, roads, power supply, bridges, airports, and others, needed for the operation of a society or enterprise. How does education function without all these? And how do SMEs succeed without them? Our dear friend, Peter Obi got trapped in a labyrinth, became confused and confounded, all in the name of opposition politics.

President Buhari had always lamented the decay and collapse of infrastructure this administration inherited in 2015. No roads, no rail, no power (where is the power?), rickety airports, no bridges, nothing. And he said there couldn’t be development without infrastructure. So he set his sights on reversing the trend. Today, only cynics, skeptics and naysayers would deny the strides made in infrastructure: roads, bridges, rail, airports, pipelines, and many others. By 2022, when most of the massive infrastructural projects are commissioned, even the blind would see it, and the deaf would hear.

While Peter Obi tries in vain to run down infrastructure (we forgive him; he got confused by petty politics), the American government under President Joe Biden has enunciated what it calls The American Jobs Plan. And what is it anchored upon? Fix highways, rebuild bridges, upgrade ports, airports, and transit systems. In fact, Kamala Harris, the American Vice President says; “Infrastructure is the foundation of a good economy. And when we invest in infrastructure, we create good jobs. That’s exactly what the American Jobs Plan will do.”

Heck! I say heck again! What then was our Peter talking about? The Okute missed it, and missed it big time. That is what unbridled and virulent opposition does to an otherwise good man.

Let’s look at the shape of things to come, particularly in 2022 and 2023 in terms of infrastructure development in our country.

The Lagos-Ibadan Expressway had been under one form of rehabilitation or the other in the 16 years of the PDP. No rhythm, no rhyme. No progress. Just the macabre dance of one step forward, and two steps backwards. Now, the estimated completion date of that road is July 2022, and it is being jointly handled by Julius Berger and Reynolds Construction Company. The multi-billion naira project is being heavily financed by the Presidential Infrastructure Development Fund (PIDF). It takes a government committed to the welfare of the people to undertake such. If it was merely interested in stealing, it would simply pocket the funds, as many past administrations had done.

The Second Niger Bridge. Built by PDP with mouth for 16 years. The Buhari administration has pumped in N133.7 billion so far, out of the N206.2 billion contract sum. The bridge is about 70% per cent completed, and estimated commissioning time is last quarter of 2022.

The Abuja-Kano road. Original contract sum was N155.72 billion, out of which N111.1 billion has been disbursed. Work is going on at frenetic pace, and the original 92.5km of the dual carriage way was almost ready, before the scope of the project was changed to total reconstruction of 375km. Estimated time of completion is 2025, and commissioning will be done by the successor to the Buhari administration. A good government transcends its time.

What of the Bodo-Bonny road, in Rivers State? Built under special contractual arrangement with the Nigerian Liquefied Natural Gas Project (NLNG), the 39km project over muddy and swampy soil conditions, cross culverts and 17 large and mini bridges, is due for completion next year. And the people of Bonny will for the first time ever commute on road to the mainland, and not over water. Give me more infrastructure, please.

What of the Ajaokuta-Kaduna-Kano (AKK) pipeline project? Massive. Colossal. Mammoth. And estimated completion date is 2023. Yet, those who institutionalized corruption in this country, and those who perpetuated it for 16 years, are trying to tell us stories about the current level of graft. They should tell it to the marines. Corruption is being robustly fought, and we see remarkable things being done. What did they do in their time, despite huge earnings from oil? Nothing. Absolutely nothing. They only ran the country into a hole.

Monumental rail projects have been awarded, to run round the country. Some are up and running already. Roads neglected for upward of four decades are being rebuilt. Airports have been commissioned. Infrastructure everywhere. And somebody says it should rather be education and SMEs. I hear. Where would those end up without infrastructure?

I remember a meeting we held early last year, at the outset of COVID-19, when it had become apparent that the economy would be shut down, and the country would suffer immensely. President Buhari had told Mrs Zaynab Usman, Minister of Finance, Budget and National Planning: “No matter what happens, ensure that salaries of government workers do not fail. Pensions must be paid. And funding of infrastructure projects must not stop.”

Now, we are at the threshold of reaping the benefits. Yet, some people want to downplay infrastructure, and play up insecurity, all in an attempt to vitiate the achievements of the Buhari administration. Will they succeed? Never! Insecurity will end, and soon too, and infrastructure will hugely decorate the landscape.

I am glad Buhari came our way when he did, otherwise, what would we be talking about today? Hard to contemplate.

*Adesina is Special Adviser to President Buhari on Media and Publicity

This is bullshit Femi. You just spewed rubbish!

They don't have it how are they going to appreciate it.
useless chop and destroy party and people.

Foreign medical tourism by The President in the name of attending a VIRTUAL conference on Education should be it!! I should think his performance in office as President in the area of Education makes him eminently qualified for an on-site attendance of a virtual event thousands of kilometres away!

Omoluabi1stborn:


For once I agree with Femi.
Without infrastructure no nation can move forward.
All this Health, Power, IT its also infrastructure you'll use to
The machines and equipments are also infrastructures

About the loans, you can actually use loan to build an economy provided it has a reasonable return.

That's why people take loan to fund a project you can't have the capitals
In fact a reasonable business man won't use his capital and personal Money to fund a long term business, instead he obtains a loan.

Peter Obi never said we should not build infastructures. I wish you could listen to the video from beginning to end.

He said we should get funding alternatives instead of borrowing always. He said for the rails we can approach the stock market and make the rails a PPP arrangement.

Please try and watch the video, even adesina didn't quite understand or debate the points

Investing in SMEs would certainly grow the economy... Infrastructures are just catalysts that would make the SMEs thrive. Building infrastructures without investing in SMEs and industries is a waste of infrastructure.. that's a clear reason why they want to introduce toll gates

Femi mumushina on the beat!

keneharry:

This is bullshit Femi. You just spewed rubbish!

Emeka Maduegbunam, Walter Ofonagoro, Goebbels, Uche Chukwumerije, Femi Adesina, Abati and Lai Mohammed all share something in common!

Security...

presidency:
Former Governor of Anambra State and running mate to Atiku Abubakar in the 2019 presidential election, Mr Peter Obi, flew into the eye of the storm some days ago, when he said on the breakfast show of a television station that the Nigerian economy couldn’t be driven on infrastructure development.

Mr Obi, my friend of many years, and member of the People’s Democratic Party (PDP) simply carried opposition politics too far, and got himself into a jumble. What did he spend eight years doing as Governor of Anambra State? Building and developing infrastructure to boost the economy of the state. If not infrastructure, then what? Why then did he say this? “You can’t use infrastructure to drive economic growth. You invest in education and the SME (Small, Medium Enterprises) sector instead to deal with poverty.”

I think the successful businessman and former Governor got completely flummoxed, perplexed, bewildered and bemused, all in the process of trying to run down the Muhammadu Buhari administration, which has been doing great things in infrastructural development in the past six years.

Obi said the thing was to invest in education and the SME. By Jove, where would education or SME be, without infrastructure? And by the way, what is infrastructure? The basic physical and organizational structures and facilities like buildings, roads, power supply, bridges, airports, and others, needed for the operation of a society or enterprise. How does education function without all these? And how do SMEs succeed without them? Our dear friend, Peter Obi got trapped in a labyrinth, became confused and confounded, all in the name of opposition politics.

President Buhari had always lamented the decay and collapse of infrastructure this administration inherited in 2015. No roads, no rail, no power (where is the power?), rickety airports, no bridges, nothing. And he said there couldn’t be development without infrastructure. So he set his sights on reversing the trend. Today, only cynics, skeptics and naysayers would deny the strides made in infrastructure: roads, bridges, rail, airports, pipelines, and many others. By 2022, when most of the massive infrastructural projects are commissioned, even the blind would see it, and the deaf would hear.

While Peter Obi tries in vain to run down infrastructure (we forgive him; he got confused by petty politics), the American government under President Joe Biden has enunciated what it calls The American Jobs Plan. And what is it anchored upon? Fix highways, rebuild bridges, upgrade ports, airports, and transit systems. In fact, Kamala Harris, the American Vice President says; “Infrastructure is the foundation of a good economy. And when we invest in infrastructure, we create good jobs. That’s exactly what the American Jobs Plan will do.”

Heck! I say heck again! What then was our Peter talking about? The Okute missed it, and missed it big time. That is what unbridled and virulent opposition does to an otherwise good man.

Let’s look at the shape of things to come, particularly in 2022 and 2023 in terms of infrastructure development in our country.

The Lagos-Ibadan Expressway had been under one form of rehabilitation or the other in the 16 years of the PDP. No rhythm, no rhyme. No progress. Just the macabre dance of one step forward, and two steps backwards. Now, the estimated completion date of that road is July 2022, and it is being jointly handled by Julius Berger and Reynolds Construction Company. The multi-billion naira project is being heavily financed by the Presidential Infrastructure Development Fund (PIDF). It takes a government committed to the welfare of the people to undertake such. If it was merely interested in stealing, it would simply pocket the funds, as many past administrations had done.

The Second Niger Bridge. Built by PDP with mouth for 16 years. The Buhari administration has pumped in N133.7 billion so far, out of the N206.2 billion contract sum. The bridge is about 70% per cent completed, and estimated commissioning time is last quarter of 2022.

The Abuja-Kano road. Original contract sum was N155.72 billion, out of which N111.1 billion has been disbursed. Work is going on at frenetic pace, and the original 92.5km of the dual carriage way was almost ready, before the scope of the project was changed to total reconstruction of 375km. Estimated time of completion is 2025, and commissioning will be done by the successor to the Buhari administration. A good government transcends its time.

What of the Bodo-Bonny road, in Rivers State? Built under special contractual arrangement with the Nigerian Liquefied Natural Gas Project (NLNG), the 39km project over muddy and swampy soil conditions, cross culverts and 17 large and mini bridges, is due for completion next year. And the people of Bonny will for the first time ever commute on road to the mainland, and not over water. Give me more infrastructure, please.

What of the Ajaokuta-Kaduna-Kano (AKK) pipeline project? Massive. Colossal. Mammoth. And estimated completion date is 2023. Yet, those who institutionalized corruption in this country, and those who perpetuated it for 16 years, are trying to tell us stories about the current level of graft. They should tell it to the marines. Corruption is being robustly fought, and we see remarkable things being done. What did they do in their time, despite huge earnings from oil? Nothing. Absolutely nothing. They only ran the country into a hole.

Monumental rail projects have been awarded, to run round the country. Some are up and running already. Roads neglected for upward of four decades are being rebuilt. Airports have been commissioned. Infrastructure everywhere. And somebody says it should rather be education and SMEs. I hear. Where would those end up without infrastructure?

I remember a meeting we held early last year, at the outset of COVID-19, when it had become apparent that the economy would be shut down, and the country would suffer immensely. President Buhari had told Mrs Zaynab Usman, Minister of Finance, Budget and National Planning: “No matter what happens, ensure that salaries of government workers do not fail. Pensions must be paid. And funding of infrastructure projects must not stop.”

Now, we are at the threshold of reaping the benefits. Yet, some people want to downplay infrastructure, and play up insecurity, all in an attempt to vitiate the achievements of the Buhari administration. Will they succeed? Never! Insecurity will end, and soon too, and infrastructure will hugely decorate the landscape.

I am glad Buhari came our way when he did, otherwise, what would we be talking about today? Hard to contemplate.

*Adesina is Special Adviser to President Buhari on Media and Publicity

Infrastructure is good, but what of the maintenance? Some part of Lagos said to be completed is potholed already. Security is key, only the living can use infrstructures, ask them in Iran and Afighanistan.

mrvitalis:
The truth is Nigeria is a complex mix
..yorubas won't get obi because they are naturally social capitalist like the Norway , Denmark and their brothers

Obi is talking from a capitalist point of view like Germans , Japanese

Infrastructure are good , but are only feel good projects

Lagos ibadan rail can't break even in 100 years ..I'm not saying make profit ...yet u spent $1.5b ok it ...that's 750 billion ...what does that add to our GDP every year nothing

Imagine u take same 750 billion ...call the 10 biggest glass importers ...what would it take to move to manufacturing here ....how much do u want ....work with banks the form partnership establishing 3 glass factory ...that would cost not more than $600m ...u give them $400 million ask them to fund the other $200 million as loan without interest and payment break of 5 years from when they start operations ... payment in the next 10 years

Each factory would employ over 3000 people direct that's 9000 direct over 15000 I direct job

Nigeria glass import is around $1.5 billion a year ...with another $2 billion in west Africa and central African market ,

This would grow our GDP by 3.5 billion dollars minimum , generate a tax of over 50 million dollars per year

Now u still have $1.1 billion

U can do the same for ceramics plates and bathroom equipments ...that's would be less 200 million dollars as loan to the importers can set up 5 factories

U are left with $800 million

Garment factories in aba can cloth Nigeria with $400 million invest ...link the leather producers in kano the shoe markers in aba

Make it easy to transport with police harassment

We can commercialize the rice species we have developed ...$100 million to rice importers can do the magic

$1.5 billion if invested well can generate 5 to 10 billion GDP growth per year

Nice attempt. For me economic development is just another complex or compound name for diversified production of what you consume. Notice I didn't end that with "...of what we spend". Our focus here is how to locate a resource and exhaust it as soon as possible out of indiscipline. We are suppose to be production oriented. With production even if you abolish money and good exchange, goods produced will always answer to need one way or the other. Because you have them and are willing keep having it by production. Your post addresses capital flight we are currently seeing. That is a pressing issue too.

Nonsense man.

Dumbo.

If not infrastructure, then SECURITY.

SECURITY is key. For if the people that you built infrastructures for are all dead, then who will be alive to use your infrastructure?

Another thing is good standard of living so that the people the infrastructure is meant for will be able to afford it and utilise it as is meant to be.

Otherwise, they will all leave your "infrastructure" for you and your vultures to use.

The IBB administration built the 3rd Mainland Bridge but is IBB remembered for that infrastructure. The answer is No. IBB is remembered for the cancelation of June 12 election, for the economic hardship he brought on Nigeria through SAP and for the huge corruption during regime.

Buhari will be remembered for insecurity(never experienced before in Nigeria), for economic hardship(also never experienced before), for poverty, for corruption(never experienced before), etc. So they should keep talking about the infrastructures that are mostly still under construction after 6 years in office.

nzeobi:


Peter Obi never said we should not build infastructures. I wish you could listen to the video from beginning to end.

He said we should get funding alternatives instead of borrowing always. He said for the rails we can approach the stock market and make the rails a PPP arrangement.

Please try and watch the video, even adesina didn't quite understand or debate the points

I agree with Sir Peter Obi. That way, we all own the given public infrastructure and the tendency to vandalise and or not maintain them is greatly reduced.

inoki247:
This people still dey campaign after election..

Oga, shut up!

There has been no single President better than Buhari since independence. I have been to all the projects Adesina mentioned and more. They are fantastic and massive.

Every good Nigerian knows this.

Wow!! Great insight.. Respect

mrvitalis:
The truth is Nigeria is a complex mix
..yorubas won't get obi because they are naturally social capitalist like the Norway , Denmark and their brothers

Obi is talking from a capitalist point of view like Germans , Japanese

Infrastructure are good , but are only feel good projects

Lagos ibadan rail can't break even in 100 years ..I'm not saying make profit ...yet u spent $1.5b ok it ...that's 750 billion ...what does that add to our GDP every year nothing

Imagine u take same 750 billion ...call the 10 biggest glass importers ...what would it take to move to manufacturing here ....how much do u want ....work with banks the form partnership establishing 3 glass factory ...that would cost not more than $600m ...u give them $400 million ask them to fund the other $200 million as loan without interest and payment break of 5 years from when they start operations ... payment in the next 10 years

Each factory would employ over 3000 people direct that's 9000 direct over 15000 I direct job

Nigeria glass import is around $1.5 billion a year ...with another $2 billion in west Africa and central African market ,

This would grow our GDP by 3.5 billion dollars minimum , generate a tax of over 50 million dollars per year

Now u still have $1.1 billion

U can do the same for ceramics plates and bathroom equipments ...that's would be less 200 million dollars as loan to the importers can set up 5 factories

U are left with $800 million

Garment factories in aba can cloth Nigeria with $400 million invest ...link the leather producers in kano the shoe markers in aba

Make it easy to transport with police harassment

We can commercialize the rice species we have developed ...$100 million to rice importers can do the magic

$1.5 billion if invested well can generate 5 to 10 billion GDP growth per year

Zetra7:
Borrowing unsustainable loans will never ever drive this nation forward, invest in education and SMEs is the way forward...


Stopping using biden infrastructural policy, US is already an educated nation.. Compare ourselves with China , Bangladesh, India and Indonesia, these countries are seriously funding their SMEs and intellectual base..

Once the investment in SME matures with intelligent human resources, money will flow and infrastructure will naturally come..

All great infrastructures in China today was not from loans....

Instead of calling Peter Obi to help you in building the nation, you're turning it into politics..

The same goes for the broke ass Nigerians in this forum supporting a useless set of leaders, put hate aside and learn from men like Peter obi, you will certainly make it in life.

To bring his macro economic view down to micro economics, you can't borrow unrealistic loans to build houses or buy cars instead focus the investment on your little hustle and education, trust me if it means educating yourself in IT, health or even going abroad to study a good course ,you will certainly reap from it..

I like your contribution. Many May bash you but this worked for me. My personal experience : In 2008 my parents sent me to the west to study while some extended family members condemned the move likening it to an elitist thing of limited value. Six years later I moved to Lagos as a youth corp member and was hired by a small tech company that couldn’t even wait for me to complete the program. I built them a software that automated some bank card management functionalities . They sold this to some banks and I also got more exposure working jointly with tech teams in 5 banks . Most Corp members were reliant on 19,800 pay from the government but I was earning per project. The only difference between us was the little knowledge I had acquired . Same family members began to question how a youth corper could live in a such a furnished home and get established almost immediately. Two weeks after the nysc program the employer made me a full time offer which I turned down. Joined the tech department of one of the banks for one year and left thereafter to join a VC. At the VC I got to work with software teams on projects across portfolio companies they had investments in. Exposed me to tech in multiple sectors and for the first time gave me opportunity to travel to many African countries. I had only been around EU / east coast USA before then. The investment in my education opened doors for me.
My uncles/aunts who felt education was all about having a certificate saw the difference between investing in education and investing in obtaining a certificate.

Nigerians are self driven and many have made it despite the quality of education available here. If the government can better invest in education and SMEs many will be moved out of poverty

Too many semi-literate persons marauding as intelligent kids on this platform.

Without infrastructures, you can't have any sustainable development. Examples abound but hatred won't let you guys see them.

Femi is 100% right.

I am sure Obi understands that infrastructure promotes economic development more than you do. What Obi said that you need to be schooled on is that EDUCATION IS THE BEDROCK OF ANY DEVELOPMENT.
How much has infrastructure in north promoted economy there. Even in Nigeria, upon all these achievements you mentioned here, the living condition of an average Nigerian is a hell. Ranging from rise in food prices, petroleum prices to anything you can think of. Are your infrastructure meant to bring favourable living condition to Nigerians or cause hardships for them? Of what use are the infrastructure you mentioned here when Nigerians are dying of hunger and their bloods are spilled in the alters of Boko Haram and your PRESIDENTS brothers disguising as herdsmen across the country to perpetrate all manners of crimes from rape, kidnapping and butchering of people in their localities under the supervision of the Presidency and MIYETTI ALLAH group.
May God forgive you FEMI for you don't know what you are doing.

mrvitalis:
The truth is Nigeria is a complex mix
..yorubas won't get obi because they are naturally social capitalist like the Norway , Denmark and their brothers

Obi is talking from a capitalist point of view like Germans , Japanese

Infrastructure are good , but are only feel good projects

Lagos ibadan rail can't break even in 100 years ..I'm not saying make profit ...yet u spent $1.5b ok it ...that's 750 billion ...what does that add to our GDP every year nothing

Imagine u take same 750 billion ...call the 10 biggest glass importers ...what would it take to move to manufacturing here ....how much do u want ....work with banks the form partnership establishing 3 glass factory ...that would cost not more than $600m ...u give them $400 million ask them to fund the other $200 million as loan without interest and payment break of 5 years from when they start operations ... payment in the next 10 years

Each factory would employ over 3000 people direct that's 9000 direct over 15000 I direct job

Nigeria glass import is around $1.5 billion a year ...with another $2 billion in west Africa and central African market ,

This would grow our GDP by 3.5 billion dollars minimum , generate a tax of over 50 million dollars per year

Now u still have $1.1 billion

U can do the same for ceramics plates and bathroom equipments ...that's would be less 200 million dollars as loan to the importers can set up 5 factories

U are left with $800 million

Garment factories in aba can cloth Nigeria with $400 million invest ...link the leather producers in kano the shoe markers in aba

Make it easy to transport with police harassment

We can commercialize the rice species we have developed ...$100 million to rice importers can do the magic

$1.5 billion if invested well can generate 5 to 10 billion GDP growth per year

My brother only if this people have half of your brain

mrvitalis:
The truth is Nigeria is a complex mix
..yorubas won't get obi because they are naturally social capitalist like the Norway , Denmark and their brothers

Obi is talking from a capitalist point of view like Germans , Japanese

Infrastructure are good , but are only feel good projects

Lagos ibadan rail can't break even in 100 years ..I'm not saying make profit ...yet u spent $1.5b ok it ...that's 750 billion ...what does that add to our GDP every year nothing

Imagine u take same 750 billion ...call the 10 biggest glass importers ...what would it take to move to manufacturing here ....how much do u want ....work with banks the form partnership establishing 3 glass factory ...that would cost not more than $600m ...u give them $400 million ask them to fund the other $200 million as loan without interest and payment break of 5 years from when they start operations ... payment in the next 10 years

Each factory would employ over 3000 people direct that's 9000 direct over 15000 I direct job

Nigeria glass import is around $1.5 billion a year ...with another $2 billion in west Africa and central African market ,

This would grow our GDP by 3.5 billion dollars minimum , generate a tax of over 50 million dollars per year

Now u still have $1.1 billion

U can do the same for ceramics plates and bathroom equipments ...that's would be less 200 million dollars as loan to the importers can set up 5 factories

U are left with $800 million

Garment factories in aba can cloth Nigeria with $400 million invest ...link the leather producers in kano the shoe markers in aba

Make it easy to transport with police harassment

We can commercialize the rice species we have developed ...$100 million to rice importers can do the magic

$1.5 billion if invested well can generate 5 to 10 billion GDP growth per year

Just look at this? This is what an Igbo man and an average Nigeria wants. People know the truth but nonsense runs in their skull. You are allegedly awarding contract in billion USD to fix infrastructure via looting% gateway . And decide to null the economy, transaction/circulations and even block simple means of business increase VAT , Tax . Then increase security budget for ,EFFC etc for anyone that wants to cry out loud or use a means not contained in the zero economy master plan . I'm sorry but it would only go worse for all ,evil supporters inclusive

Zetra7:
Borrowing unsustainable loans will never ever drive this nation forward, invest in education and SMEs is the way forward...


Stopping using biden infrastructural policy, US is already an educated nation.. Compare ourselves with China , Bangladesh, India and Indonesia, these countries are seriously funding their SMEs and intellectual base..

Once the investment in SME matures with intelligent human resources, money will flow and infrastructure will naturally come..

All great infrastructures in China today was not from loans....

Instead of calling Peter Obi to help you in building the nation, you're turning it into politics..

The same goes for the broke ass Nigerians in this forum supporting a useless set of leaders, put hate aside and learn from men like Peter obi, you will certainly make it in life.

To bring his macro economic view down to micro economics, you can't borrow unrealistic loans to build houses or buy cars instead focus the investment on your little hustle and education, trust me if it means educating yourself in IT, health or even going abroad to study a good course ,you will certainly reap from it..

You can borrow to buy a car for bolt driving, you can borrow to buy a house as long as it's not for personal use.. leverage.

Hustle is a longer way of becoming successful, the rich borrow money to buy assets.. resources and time are limited, so the only way out is leverage..

Zetra7:
Borrowing unsustainable loans will never ever drive this nation forward, invest in education and SMEs is the way forward...


Stopping using biden infrastructural policy, US is already an educated nation.. Compare ourselves with China , Bangladesh, India and Indonesia, these countries are seriously funding their SMEs and intellectual base..

Once the investment in SME matures with intelligent human resources, money will flow and infrastructure will naturally come..

All great infrastructures in China today was not from loans....

Instead of calling Peter Obi to help you in building the nation, you're turning it into politics..

The same goes for the broke ass Nigerians in this forum supporting a useless set of leaders, put hate aside and learn from men like Peter obi, you will certainly make it in life.

To bring his macro economic view down to micro economics, you can't borrow unrealistic loans to build houses or buy cars instead focus the investment on your little hustle and education, trust me if it means educating yourself in IT, health or even going abroad to study a good course ,you will certainly reap from it..

NONSENSE.

Him don turn am to politics, d problem with the black man.

Omoluabi1stborn:


For once I agree with Femi.
Without infrastructure no nation can move forward.
All this Health, Power, IT its also infrastructure you'll use to
The machines and equipments are also infrastructures

About the loans, you can actually use loan to build an economy provided it has a reasonable return.

That's why people take loan to fund a project you can't have the capitals
In fact a reasonable business man won't use his capital and personal Money to fund a long term business, instead he obtains a loan.

I don't mind if you agree with him but the fact is that this policy will continue to make Nigeria one of the worst country on earth ..


No business man takes unrealistic loan, you should take time and find how much loan we have borrowed with interest then check the so called infrastructure and see how much that generates...

I will be honest with you, SME's and education power every great economy..

mrvitalis:
The truth is Nigeria is a complex mix
..yorubas won't get obi because they are naturally social capitalist like the Norway , Denmark and their brothers

Obi is talking from a capitalist point of view like Germans , Japanese

Infrastructure are good , but are only feel good projects

Lagos ibadan rail can't break even in 100 years ..I'm not saying make profit ...yet u spent $1.5b ok it ...that's 750 billion ...what does that add to our GDP every year nothing

Imagine u take same 750 billion ...call the 10 biggest glass importers ...what would it take to move to manufacturing here ....how much do u want ....work with banks the form partnership establishing 3 glass factory ...that would cost not more than $600m ...u give them $400 million ask them to fund the other $200 million as loan without interest and payment break of 5 years from when they start operations ... payment in the next 10 years

Each factory would employ over 3000 people direct that's 9000 direct over 15000 I direct job

Nigeria glass import is around $1.5 billion a year ...with another $2 billion in west Africa and central African market ,

This would grow our GDP by 3.5 billion dollars minimum , generate a tax of over 50 million dollars per year

Now u still have $1.1 billion

U can do the same for ceramics plates and bathroom equipments ...that's would be less 200 million dollars as loan to the importers can set up 5 factories

U are left with $800 million

Garment factories in aba can cloth Nigeria with $400 million invest ...link the leather producers in kano the shoe markers in aba

Make it easy to transport with police harassment

We can commercialize the rice species we have developed ...$100 million to rice importers can do the magic

$1.5 billion if invested well can generate 5 to 10 billion GDP growth per year

Put a sock in the nonsense you are spewing there!

Everybody comes on NL pretending to be experts at what they know ZILCH about.

neyoohhh:


You can borrow to buy a car for bolt driving, you can borrow to buy a house as long as it's not for personal use.. leverage.

Hustle is a longer way of becoming successful, the rich borrow money to buy assets.. resources and time are limited, so the only way out is leverage..

No successful business man borrow unrealistic loans ... Will advice you bro, if your bolt driving car can't pay the loan , never go for it cause it will end in tears..

Only borrow what you can pay, Nigerian's loan is off track...


By the way, Peter Obi mentioned that if those infrastructures were worth it, they could have gone to our stock exchange and raise the cash.

These are just bogus contracts for politicians to fed on, look at the North since 1976, infrastructures have been flowing there up till now, what then is their output.. Why is the nation poor then