Construction projects, like roads, markets, stadiums, markets, malls, etc, are the oldest scam of State and Federal Government.

Ask yourself why many State Governments often preferably carry out capital projects, such as road construction rather fulfill recurrent obligations, such as payment of pension and salaries?

Capital projects like road construction are quick kick-back schemes, whereby contracts are stupendously inflated, and materials are criminally over-invoiced, so that government officials and other can quickly get their payoffs.

Tinubu is poised to pull off the same scam with N14.35 trillion Lagos-Calabar coastal highway. The final cost will certainly be three times the initial projection. And Tinubu is desperately squeezing suffering Nigeria, so that he will qualify for a loan.

Taking FOREIGN LOAN, without establishing industries that will generate FOREIGN EXCHANGE amounts to going around in circles.

Good roads are vital and necessary for economic growth. But Nigeria is facing extreme lack of economic opportunities which has caused insecurity and chaos. This road construction will not buttress or create sustainable economic opportunities, because, at some point, the project will end or be abandoned. Then, what?

At this time of existential economic crisis, any leader who does not create employment opportunities that will generate foreign exchange is pulling a quick get-away scam.

And Tinubu is using borrowed funds for capital project that will not generate revenue for the country, instead of diversifying the economy

For decades, they have been talking about diversifying Nigeria's economy, but can't figure out why it has proven impossible. It is because of our centralized economic system. We want to be progressive and great like America and other advanced economies, yet we are practising the very OPPOSITE of economic system that makes those countries great.

It would be unthinkable here in the US, Canada or other Advanced economies for the Federal Government to take the resource revenue from oil rich states and disburse it to other States.

Nigeria's economy will automatically diversify when each State is responsible for its own survival, and, therefore, focuses on the resources in which they have comparative advantage.

When the British handed power over to Nigerians, there were pyramids of export produce such as peanuts in the North. There were miles of cocoa warehouses in the West. There were vast tracks of palm oil plantation in the East. There was thriving mining industry in the Middle Belt. This will be the situation if Nigeria's economy is decentralized now.

Decentralization is the only way Nigerian economy will diversify, and rescue Nigeria from dependence on oil, create economic opportunities, raise the value of Nigeria's currency, and rescue Nigeria from further descent into insecurity, chaos and disintegration

Instead, Nigeria is practising over-centralized economic system that equalizes all the States in the federation, thereby, hindering advancement, and nationalizing poverty.

OP if they finish this road project and you or any of your family members ride on it, you shall not reach your destination. Any goods that you send through that road will perish.

This your write up is incoherent. You started from Lagos Calabar highway and delved into economic diversification and decentralisation...too confusing.

The OP actually made some good points except she couldn't resist dragging Tinubu to it making her thinking a little jumbled.

[quote author=SpiritedCheer post nationalizing poverty.[/b][/quote]

Forkin govt useless fiful

Another waste of scarce resources. The project would not be completed by the braindead president whose policy already set Nigeria and Nigerians 40yrs backward.

Successive governments will avoid it like a plaque.

Only his crony chaqoury and co will benefit from this jamboree.

Thinubus mission is simply to try and complete the Lagos axis of the jamboree and it ends there.

That's why he started there.

That's why the project wasn't started from the two ends concurrently.

And if they no finish the road your life and family will also perish with the administration

SpiritedCheer:

Ask yourself why many State Governments often preferably carry out capital projects, such as road construction rather fulfill recurrent obligations, such as payment of pension and salaries?

It's hard to believe someone with a working brain will prioritize recurrent liability over structural assets.

I lost interest after that point, you shouldn't involve yourself in discussions you're not knowledgeable in.

Ok. But the project is underway and there's nothing u can do about it

That u lament this much shows how u think,the shape of your head and where u come from

If the highway connected the entire South East, you won't lament.

Sadly the East is not on the coastline. Be happy for the Niger Delta and South West.

Una go cry tire

Sannisege:
OP if they finish this road project and you or any of your family members ride on it, you shall not reach your destination. Any goods that you send through that road will perish.

Stop thinking with your anus

Criticize constructively.

So government should stop constructing all the horrible roads in Nigeria?

Tinubus projects are always extremely long-term like the LAGOS badagry which after 16 years is not yet completed.

The LAGOS Calabar is the same,after 10 years before some parts become motorable,such projects drain the economy.

Sannisege:
OP if they finish this road project and you or any of your family members ride on it, you shall not reach your destination. Any goods that you send through that road will perish.

The project will not be finished. So, you and your entire family will perish with the end of Tinubu's government.

MUMU like you voted for Tinubu despite indisputable evidence that he was indicted by the US Justice Department for distributing Narcotics. Do you think Tinubu is now less criminal-minded because he is old? There's no chance the project would be completed. None!

F117nighthawk:
And u think Tinubu will finish it,and if Tinubu abandoned and doesn't finish the road you ,and your all those supporters, people and family too will not and never reach your destination,say Amen to that.
I can tell your for free this project is a scam and it will never be finished under his administration

There's no chance the project would be completed. None! So, you and your entire family will perish with the end of Tinubu's government.

MUMU like you voted for Tinubu despite indisputable evidence that he was indicted by the US Justice Department for distributing Narcotics. Do you think Tinubu is now less criminal-minded because he is old?

SpiritedCheer:


There's no chance the project would be completed. None! So, you and your entire family will perish with the end of Tinubu's government.

MUMU like you voted for Tinubu despite indisputable evidence that he was indicted by the US Justice Department for distributing Narcotics. Do you think Tinubu is now less criminal-minded because he is old?

He was never indicted.
He was not even arrested let alone indicted.

erad:


It's hard to believe someone with a working brain will prioritize recurrent liability over structural assets.

I lost interest after that point, you shouldn't involve yourself in discussions you're not knowledgeable in.

Governors have been building "structural assets," as far as far as you can remember. And since "structural assets," are so pivotal, why, then, is the country facing existential economic hardship that has spiralled into insecurity and chaos? Nigeria is almost dead, and you people can't see it is due to lack of economic opportunities. You are too MUMU to see that building "structural assets" with finite funds amounts to going round in circles,

If you could read very well, you'd see the part that said "roads are vital and necessary for economic growth." But the money they use to build roads is actually finite, because it comes from federal government revenue allocation. My point is that States must think beyond revenue allocation, and generate their own revenue (not internally.)

The only way out of present existential economic crisis is to create employment opportunities that will generate foreign exchange. Industries that will generate foreign exchange is the only way Nigerian economy will diversify, and rescue Nigeria from dependence on oil, create economic opportunities, raise the value of Nigeria's currency, and rescue Nigeria from further descent into insecurity, chaos and disintegration
Government of Anambra State recently commissioned a 5-Star Hotel. How does that make sense? Ex Governor Ikpeazu's N10 Million Airport is still no where to be seen. And you and other Nigerians are too MUMU to see that the country is going round in circles, and drifting towards anarchy and disintegration.

Like the leadership that is importing arms to fight insecurity, you probably think the problem is isolated from economic hardship. No amount of arms would make a difference. Insecurity is a symptom of extreme economic hardship and lack of economic opportunities. It is not a problem that can be solved with arms.
Nigeria's main problem is ignorance of people like you.

Only fools who think tinubu is the reason for their misfortune will think that since tinubu started the Lagos calabar highway,he must be the one to complete it.someone them have remained stagnated in life since they believe they cannot finish whatever they start,thereby building highway to their own failure.

U must be a blind fool,and weed consumer,do u read well at all?no wonder your likes end up in Life very miserable and confused.i pity whichever state your confused life is

There's no chance the project would be completed. None! So, you and your entire family will perish with the end of Tinubu's government.

MUMU like you voted for Tinubu despite indisputable evidence that he was indicted by the US Justice Department for distributing Narcotics. Do you think Tinubu is now less criminal-minded because he is old? [/quote]

Many of you are just stupid and dumb,u don't even take time and read through comments,no wonder the boys quarters boys like Tinubu and Co rule over you.
Na through your nose u dey answer comments,
Oponu ode


quote author=SpiritedCheer post=130192189]

There's no chance the project would be completed. None! So, you and your entire family will perish with the end of Tinubu's government.

MUMU like you voted for Tinubu despite indisputable evidence that he was indicted by the US Justice Department for distributing Narcotics. Do you think Tinubu is now less criminal-minded because he is old? [/quote]