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Nairaland Forum / Nairaland / General / Politics / FEC Approves $200m Loan For Lagos (13220 Views)
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Re: FEC Approves $200m Loan For Lagos by HzRF(m): 4:48pm On Jan 13, 2016 |
[ this is the state that has the highest domestic debt last yr http://www.premiumtimesng.com/news/top-news/183665-bulk-of-nigerias-63-billion-debt-incurred-by-apc-states-pdp.html Perhaps the Vice President-elect avoided the details so as not to expose the fact that the APC controlled Lagos state has both the highest external debt stock of $1,169, billion as well as the highest domestic debt stock of N278, 867 billion. |
Re: FEC Approves $200m Loan For Lagos by Ephemmm: 4:49pm On Jan 13, 2016 |
ishiamu: Tinubu has not committed a big crime by turning the biggest party in Africa to regional party in the easter part of Nigeria: stop the ranting. ![]() ![]() ![]() However, Tinubu was neither a Governor nor enjoying immunity while your ogogoro master was in power: what stopped him from probing him with EFCC, SSS, NA, NP, ICPC within his arsenal? 5 Likes |
Re: FEC Approves $200m Loan For Lagos by Nobody: 4:50pm On Jan 13, 2016 |
As usual the last administration must be mentioned... ![]() ![]() 1 Like |
Re: FEC Approves $200m Loan For Lagos by ishiamu(m): 4:51pm On Jan 13, 2016 |
Ephemmm:
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Re: FEC Approves $200m Loan For Lagos by Blackfire(m): 4:54pm On Jan 13, 2016 |
I think they should borrow more .. Like 200 trillion dollars . APC will rule lagos state back to back, egbon PDP if e dey pain u, come and collect it. Corruption sorry change ti take over, iyanla iya waillers. *takes cover* 2 Likes |
Re: FEC Approves $200m Loan For Lagos by faragai24: 4:57pm On Jan 13, 2016 |
Good. |
Re: FEC Approves $200m Loan For Lagos by erinalex: 4:59pm On Jan 13, 2016 |
AustineE1:Who stopped gej from exposing OBJ and Jagaban during his(gej) 5yrs reign ? Had it been that FG failed to attend to lagos needs,the same you,will be happy to tell nigerians how PMB has deceived and cajole Jagaban. Pple like you are not to b trusted;because you never know what u really wants. Already u've a mind-set on issues,trying to change it,will amount to a waste of time. Pls,enjoy ur evening. 2 Likes |
Re: FEC Approves $200m Loan For Lagos by femivita: 4:59pm On Jan 13, 2016 |
REVEALED; the suspect behind President Buhari assassination plot http://www.naijajournals.com/2016/01/revealed-suspect-behind-president.html |
Re: FEC Approves $200m Loan For Lagos by MICHEALADEX(m): 5:00pm On Jan 13, 2016 |
Oya Oshodi receive your Healing from the spirit of the .......that has tied you down and turn u into a bunker and arsenal Wailers and foot solder can cry the -ss out
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Re: FEC Approves $200m Loan For Lagos by ajebuter(f): 5:02pm On Jan 13, 2016 |
And we Lagosians will be made to cough out the repayment in form of multiple taxation despite the fact that we no follow chop for the millions. APC, iyalaya yin oh! Awon werey! ![]() ![]() ![]() 1 Like |
Re: FEC Approves $200m Loan For Lagos by xkobic4rel(m): 5:06pm On Jan 13, 2016 |
Ok, typining |
Re: FEC Approves $200m Loan For Lagos by Generalkorex(m): 5:07pm On Jan 13, 2016 |
Keneking:the first batch was used for ikorodu road,we can see dat clearly. Let them use dis one too well o |
Re: FEC Approves $200m Loan For Lagos by ameminent(m): 5:08pm On Jan 13, 2016 |
good start for d president if it were to be formal president now day will say lagos is not in line with them because of different party that is change will hope for |
Re: FEC Approves $200m Loan For Lagos by erinalex: 5:42pm On Jan 13, 2016 |
ishiamu:to think that you know all these corruption stories about Tinubu, yet your brother(gej) spent 5yrs as d president and he couldn't use d law court to nail Tinubu,clearly shows that gej is cluless. The way you painted Tinubu's corruption story is so big that,one is tempted to query gej mental state,on how he failed to nail this Jagaban of a man who enjoy NO IMMUNITY. Or are you saying that gej did not know all these "corrupt doing of Tinubu",that you know; or gej just decides to keep mute? Or gej don't know what to do?. You'll wait till eternity,to see PMB probing Tinubu. It is not for you,to tell PMB who to probe or who not to probe ; gej had his own way,so PMB will have his own choice too. Call it Selective,we don't care! Gej failed to do either Selective or non-Selective. Thank God,u've Not been able to dispute that Nigeria Monies were squandered under d watchful eyes of ur brother(Jona). 5 Likes 1 Share |
Re: FEC Approves $200m Loan For Lagos by maxtamazin: 6:04pm On Jan 13, 2016 |
AustineE1: God bless you. 1 Like |
Re: FEC Approves $200m Loan For Lagos by wiseoneking: 6:29pm On Jan 13, 2016 |
Keneking:Quit wailing. Grow abit and stop suffering from Gejite syndrome. |
Re: FEC Approves $200m Loan For Lagos by AustineE1: 6:30pm On Jan 13, 2016 |
erinalex:i dont know why people see every criticism of this government as a tacit approval of GEJs government,your jingo patriotism for PMB has made you and your ilks to believe that any objection to this government makes such an enemy. I do nt hold brief for GEJ but must we fold our hands and watch our looting politicians squander our patrimony on the altar of PDP/APC rivalry.Must we keep repeating the mistake of the past. Dont we no longer have a stake on how this country is to be run. Some of us can never stop opposing bad governance as that is one thing we owe this nation. We cannt turn a blind eye when the future of the next generation is being morgaged by a few. 4 Likes |
Re: FEC Approves $200m Loan For Lagos by kayfra: 7:06pm On Jan 13, 2016 |
ElFenomeno1: It's based more on the states credit rating than the government approving the loan. The loan will be approved by the FG for any state that is willing and able to pay. Same thing with issuing bonds. IPodtitis is a terrible disease. |
Re: FEC Approves $200m Loan For Lagos by kayfra: 7:08pm On Jan 13, 2016 |
jaybee3: How about Lagos being able to generate IGR/taxes to pay the debt. How about Lagos being able to issue a bond to restructure the debt. Not every state is on government care! Gorrit? 1 Like |
Re: FEC Approves $200m Loan For Lagos by jaybee3(m): 7:14pm On Jan 13, 2016 |
kayfra: It's now obvious you didn't understand my initial post on this thread We are in the same corner!! |
Re: FEC Approves $200m Loan For Lagos by kayfra: 7:20pm On Jan 13, 2016 |
jaybee3: Pele or Ndo or Dalu ![]() |
Re: FEC Approves $200m Loan For Lagos by arresa: 7:41pm On Jan 13, 2016 |
AustineE1: Nigerians who voted for and put PMB in office are not seeing any mistakes of the past, the only people seeing anything are people like you and your kind that did not vote for change or spoke up when the so called mistakes were being made in the past. Whatever Lagos state borrowed have significant representation on the ground, we can see and feel it, but your own governors borrowed money, collected taxes and allocations and we still can not see one single thing they did with your money since 1999. Lagos state's total debt is N448 billion, but Delat a PDP state with zero to show for anything has a debt profile of N700 billion, that's almost double Lagos state's debt. What do you have to say about that? When was the last time you cried for the people of Delta state? Akpabio posted the largest state budgets in the history of Nigeria, but after the few roads and flyover he built in Uyo and 8 long years in office, he completed less than 4 major projects. LAGOS STATE under Fashola alone delivered more infrastructures than 16 years of PDP/FG many times over including the other 35 states... You and your kind have zero moral authority to open your mouth, the only thing you can do is get your voters ID card ready in 2019 for us to decide. Till then, please let's enjoy our change from the rot and decay people like you hailed and supported for 5 years of GEJ and 16 years of worthless and corruption riddled PDP. 2 Likes 2 Shares |
Re: FEC Approves $200m Loan For Lagos by j1mmy: 9:20pm On Jan 13, 2016 |
Tinubu stole more than that from Lagos, why take loan when Buhari's sponsor bled Lagos state dry ![]() ![]() |
Re: FEC Approves $200m Loan For Lagos by Kennydoc(m): 10:15pm On Jan 13, 2016 |
Generalkorex: Used for Ikorodu Road? Just that? Bro, that amount is worth about 40bn naira today, and was worth over 30bn Naira as at 2010. |
Re: FEC Approves $200m Loan For Lagos by SirRoberto(m): 12:29am On Jan 14, 2016 |
AustineE1:Fact!!! |
Re: FEC Approves $200m Loan For Lagos by DaudaAbu(m): 6:55am On Jan 14, 2016 |
tuale4u: Actually its 1.5% interest for 25yrs. When faahola was explaining it in th FEC meeting he said the initial agreement was @ 0.5% interest for 40yrs but because of the delay in FG approving the loan, it was reviewed downward to 25yrs and the interest rate increased. He also said something about a morarerium? Of ten yrs initially, but that was also reviewed downwards to 5yrs (i think a period of grace before the state start paying back the loan) |
Re: FEC Approves $200m Loan For Lagos by bluecircle470: 6:57am On Jan 14, 2016 |
DaudaAbu: Thanks for the enlightenment |
Re: FEC Approves $200m Loan For Lagos by DaudaAbu(m): 7:39am On Jan 14, 2016 |
Re: FEC Approves $200m Loan For Lagos by mapet: 8:04am On Jan 14, 2016 |
LordAdam: Please refresh our memory the more. Specifically when did APC complain under previous government that their was too much loan? |
Re: FEC Approves $200m Loan For Lagos by LordAdam: 8:25am On Jan 14, 2016 |
mapet: http://dailypost.ng/2014/07/21/jonathans-request-1bn-loan-dubious-outrageous-apc/ |
Re: FEC Approves $200m Loan For Lagos by mapet: 8:28am On Jan 14, 2016 |
LordAdam: Ok. I remember this. Well take your pick. Where's the $1b today? |
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