Changing the economic narrative

By Kede Aihie

The news that Lagos State, was going to the capital market, to raise N100Billion, over a period
of ten years, was shared on Nigeria Business Magazine, WhatsApp platform.
The reaction by United States, based Benjamin Ogbebor, on NBM forum, made the following
contribution, which is reproduced below.
‘Seriously Lagos should start comparing itself to New York, Los Angeles, Hong Kong,
Singapore, Johannesburg etc.. Lagos State shouldn’t be in the news for a paltry N100, 000,000
Billion for Infrastructure!
A great 2020 News Caption should read;
 “Lagos State in the Capital Markets for $US100, 000,000,000 Billion for a 3 Year Infrastructure
Bond”.
$15B; Subways, $5B:  Pipe borne Water; US5B:  Sewage & Treatment Facilities; $2B Dredging
and Cleanup of all Creeks & Lagoons for StormWater Control and Inland Ports and Water
Transportation; $5B Solar & Battery Rebate Programs, $2B Electric Buses & Charging
Infrastructure
$20B Medium & High-rise Apartment building; $2B Facade Improvement Grant’s to
businesses; $3B Comprehensive Waste Disposal and Recycling Program, $5B Road
Construction Boom; $1B International Airport and Land Port in Badagry and other Border
towns.
$3B Health Care facilities build out; $1B Lagos Health Insurance Scheme; $5B Credit Facilities
for Small & Medium scale Enterprises; $3B Education Plan for Vocational Schools and
Technical education.
$1B City Parking Facilities;$1B Central Park and Community Centers All over the State; $1B
5G and Broadband Infrastructure; $3B Electric Car Program; $10B Industrialization Plans and
Investment in Heavy Industries, $7B Welfare and Human Capital Development Scheme

Author: nmmin

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