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Nairaland Forum / Nairaland / General / Travel / Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) (50539 Views)
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Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by seguno2: 8:41am On Feb 02, 2018 |
seguno2: Lekki-Epe Road: LASG Restructures LCC Loan, Saves N10bn June 29, 2016 * Secures 21.16% loan reduction from international leaders The Lagos State Government on Wednesday disclosed that it had effectively restructured N25.3 billion credit facility, which local and international lenders granted it to buy back the Lekki Concession Company (LCC), the concessionaire of the Lekki-Epe expressway. Also, the state government revealed that it was able to secure 21.16 percent reduction through the restructuring of the credit facility, which the Securities and Exchange Commission (SEC) granted it in November 2013 during the administration of former Governor Babatunde Fashola (SAN). The state government disclosed the credit restructuring in a statement by its Commissioner for Information & Strategy, Mr. Steve Ayorinde, who noted that the State Executive Council had finally approved the deal. Ayorinde explained that the administration of Governor Akinwunmi Ambode “has paid a total of N9.8billion in full and final settlement of LCC’s indebtedness to its international lender, which granted a 21.16 per cent reduction to the State.” Consequently, the commissioner disclosed that a whopping sum of N3.15 billion had been saved from the restructuring of the credit facility the Fashola administration obtained about one year and six months to the end of his second term. He said that in addition, local lenders, whose interest rate was 18.5 per cent at the consummation of the facility, “offered a 12 per cent haircut and also fully paid with a restructured loan at 13.5 per cent, thereby creating a savings of N8.7 billion for the state government.” https://www.thisdaylive.com/index.php/2016/06/29/lekki-epe-road-lasg-restructures-lcc-loan-saves-n10bn/ pisolution: 1 Like 3 Shares |
Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by Nobody: 9:09am On Feb 02, 2018 |
LaudateII: If the other 4 or 5 Nigerian ports in Nigeria are active n if Kogi n Benue had river ports, Goods worth billions of dollars needed/purchased by SE, SS n NC n NE won't dock n clear in Lagos n then get transported thru road to those areas, It will go straight to those areas n this will decongest Lagos in a few years. Onne Port is not working very well, It's mostly a naval base for the Nigerian navy, OBJ singlehandedly did that. Wen Onne port was active, the SS, SE n parts of middle belt do not buy tokunbo cars, "okrika" clothes, electronics, etc in Lagos state, We buy them in rivers state n we buy plenty of stuffs in okrika. U have never been to rivers state in ur entire life talk more of visiting Onne n Ur here dabbling into spheres u have no knowledge about. Your brother fashola has been minister for power, works n whatever for 3 years now, what has he done for the SW? How many power plants has he built in the SW? Ur here telling me nonsense about Igbo minister for works. I really wander why Yoruba people sitting in far away Ogbomosho n Ibadan will stick their mouth on matters across Nigeria. The average Yoruba Man has never left the SW for his entire life so i wander what gives them the guts to talk in public. 1 Like |
Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by Nobody: 9:20am On Feb 02, 2018 |
nurshah: Virtually everything needed by over 150 million people come in thru Lagos. There's nothing else to discuss. |
Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by Nobody: 9:23am On Feb 02, 2018 |
PrecisionFx: Read to understand dear you are arguing out of Point you.. Read to understand and until you do you can't grow mentally Have a wonderful weekend 2 Likes |
Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by themanderon: 9:28am On Feb 02, 2018 |
Wickedness in high places. They never even considered the hardship in the land foisted on us by the same party at the national level. Everything in this country I am Beginning to believe is actually designed to frustrate the hell out of the docile sheeps called the citizens. 1 Like |
Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by cbrass(m): 9:31am On Feb 02, 2018 |
nurshah: For me the increment is too much, in fact me no dey pay toll, I take the alternative route |
Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by Nobody: 9:32am On Feb 02, 2018 |
nurshah: There is nothing to understand. Any country on earth with one seaports ALWAYS gets over populated. It's basic 1 + 1. |
Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by Nobody: 9:33am On Feb 02, 2018 |
cbrass: U use gasoline or bicycle to take the alternative route? . |
Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by Mimee803: 9:56am On Feb 02, 2018 |
Please what is fine about lekki exp way that they have to increase the toll fare for, Nigerians and mediocrity and eye service! In 1976- 1980's other countries were celebrating underground tunnels and state of the art bridges etc and here we are being asked to pay extra, more than those countries pay for government to simply tar the road! How can anyone say LAGOS is working the rate of lawlessness in Lagos is unprecedented, people driving the wrong side of the road is the new normal in Lagos state, ambode can't even handle the refuse which make me wonder why he stopped a system that was working. Please eko ti baaje tan! l Bossontop: 2 Likes |
Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by bigplayerz(m): 10:16am On Feb 02, 2018 |
We are all cowards in LAGOS including LALASTICLALA(na joke oo)..we can either behave civilized SUE the LASG or demolish the toll gate ...make THOR hammer do am 1 Like |
Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by Unclerukus: 10:17am On Feb 02, 2018 |
daamazing:This mentality is what makes the country remain bad, suffering and smiling . It's not about being broke, it's about government exploitation and people need to stand up and speak. Lagos has more than enough internally generated revenue, this is senseless. 1 Like |
Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by WorldRichest: 11:15am On Feb 02, 2018 |
Zoharariel: Are you okay at all? You sound depressed and suicide like. 1 Like
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Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by edrys(m): 11:50am On Feb 02, 2018 |
ipobarecriminals:Egbon me. Na only you fit understand wetin I dey pass through to get Marina everyday from Ayobo. Wahala ti poju... 1 Like 1 Share |
Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by Joemint(m): 12:06pm On Feb 02, 2018 |
Our Prophet has prophesized, sit and watch as all he sad unveils 1. Fulani herdsmen killings n creation of cattle colonies to strengthen the blood sucking demons. 2. Islamizing the conquered colonies. 3. But God been on our side we will overcome. Nnamdi Kanu is a true Prophet. |
Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by Joemint(m): 12:06pm On Feb 02, 2018 |
Our Prophet has prophesized, sit and watch as all he said d unveils 1. Fulani herdsmen killings n creation of cattle colonies to strengthen the blood sucking demons. 2. Islamizing the conquered colonies. 3. But God been on our side we will overcome. Nnamdi Kanu is a true Prophet. |
Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by LaudateII: 2:08pm On Feb 02, 2018 |
PrecisionFx: You know your problem? You are empty. And only empty people jump to wrong conclusions. The more you talk, the more you expose the emptiness in your mind. I asked you earlier: What does the increase in the toll-gate at Lekki, have to do with the Apapa or Tincan ports? Instead of giving a logical coherent answer, you embarked on a rant that was long on words, and meaningless in content. You have been wired to see everything from the point of view of import and export. That is why you keep chanting "port, port, port...." like a two year old toddler. Is your name Saka? Lekki toll gate is quite far from the Apapa & Tincan ports, and it is NOT even a market for goods, or merchants. Onne port that you mentioned, is quite functional and it is NOT a naval port. Merchants, companies, logistic firms etc., import and clear their goods from there on a daily basis. Ask Erico2k2, who has done so several times in the past. Only Sapele port is a naval port. Kindly get your facts right. Here are some people who know wht is going on at Onne and Warri ports: https://www.nairaland.com/4277863/gelegele-seaport-development-begin-obaseki/3erico2k2: As for you saying Fashola is my brother, it shows how clueless and myopic, your ability to reason has become. How on earth is he my brother? Do I come from the SW? Why do you people think that everybody who disagrees with your perspective, comes from the SW? If you want anything to be done about the ports, write a petition to Rotimi Amaechi your Ikwerre brother, who is the current Minister of Transport, and has the power to turn things around. Don't come and wail on NL. For your information, I have worked in Port-harcourt and Aba. My former office was on Trans-Amadi road. So stop making wrong assumptions. Assumptions are the mother of all fvck ups. Your rant about a Yoruba man sitting in Ogbomosho sounds ridiculous. You need to tell us who the Yoruba man is, and why you feel so offended by people from that ethnic group. Did one of them steal your wife? The former transport ministers from your region, failed woefully to turn the ports around. Let us hope Amaechi would not be like them. Now, biko kindly take your rants away from my mentions. Daalu zi! 5 Likes 3 Shares |
Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by LaudateII: 2:54pm On Feb 02, 2018 |
nurshah: You dey listen to that mumu? |
Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by tiswell(m): 2:55pm On Feb 02, 2018 |
LaudateII:You are very right,i don't reside in lagos anyways.Here we don't do toll gates. |
Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by Nobody: 1:29am On Feb 04, 2018 |
LaudateII: Oh my, What an elongated epistle. Sincerely I couldn't read much of it. Ur only problem is that ur fuul, So fuul to the brim with trash dat ur brain doesn't allow any new information to seep in. Toll gate n other services in Lagos always experience steady price increase over the years n this is because of the extremely high n steady rise in Lagos population. Toll gate fees has to increase because Lagos state govt needs money to run the state n the bill keeps increasing n Lagos cannot afford it. Some years back it was announced that LASG were heavily owing WAEC, they couldn't pay up for the residents residents Lagos they registered waec for on credit. The prices of very other service in Lagos keeps increasing steadily because everyone in Nigeria wants to come to Lagos n establish their business, get a job or even move permanently to Lagos with no job or money. Until Nigeria is run like a sane country where every region would have for example "A seaport/river port", Lagos will bear the brunt of this shithole n life will remain uncomfortable for everyone in Lagos. |
Re: Lekki Toll Hike Causes Lock-Down On Lagos Island (Photos) by LaudateII: 4:50pm On Feb 04, 2018 |
PrecisionFx: Guy, each time you raise a point, and your points are roundly debunked, you digress and shift the goal post. Earlier on, you alleged that the toll fees were increased, because the govt failed to provide a functional sea port in your region. This assertion was roundly refuted, and examples were cited to show it was untrue. Now, you are saying that "Toll gate n other services in Lagos always experience steady price increase over the years n this is because of the extremely high n steady rise in Lagos population." Guy, tell us how many times have the toll gate fees been increased in Lagos, with dates and proof. Kindly do not attempt to substitute facts with propaganda. Yes, some other services provided by the Lagos State govt have increased over the years, but toll gate fares were not increased, because right from the onset, people felt the initial toll charges were rather high, at the time they were fixed. Population is increasing in Lagos, because state governors of other states have failed to make their states conducive for employment and investment. They also failed to develop corresponding infrastructure, to improve the lives of citizens and small businesses, within their territories. You cannot blame Lagos state govt for the influx of people on a daily basis, because right from the days of Mobolaji Johnson who once governed the state, to the time of Tinubu, Fashola and Ambode the current governor, the state has made massive investments to upgrade the infrastructure and improve the ease of doing business, (to a certain extent), within its' domain. Every year, Lagos state hosts Ehingbeti Summit to attract international investors and foreign businesses to the state, and portray it as the best place to do business. If state governors in other regions especially your own, can do similar things to what Lagos is doing, or set up projects to adequately employ, train and engage people, then the exodus from your area, would greatly reduce. Finally, you keep calling this country a "shithole." Yet you live within it. Since you already live inside a "shithole", what does that make you? Shiit? |
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