I first wrote this piece in 2008 following the launch of the Lagos Rail Project. However, I learnt recently that the LASG is considering buying 15 yr-old 'second hand' rail coaches from Toronto Transit Commission. The question now is, what's the business of the state govt in purchasing rolling-stock, considering that the original plan was that the railway will be operated/maintained by the private sector. As you will note from my article below, the railway is intended to be delivered via a PPP, with LASG as financier of the rail infrastructure. I hope this doesn't become another Lekki Expressway Project. Anyway, let me have your thoughts.
public finance
Just a minute Governor - the Lagos Rail Mass Transit project
Original Gangster – here comes the Sheriff….again!
When the bow-tied Sheriff first appeared on the scene, many bankers went absent without leave, discovered ailments which required trips to foreign-based hospitals and care centres, booked luxury VIP rooms in private hospitals in Nigeria or simply stopped attending parties where the paparrazzi were running rampant.
Lagos State, Cross River State & IGRs. – Basket-in-Hand Pilgrimages to Abuja
Many states of the federation rely on the scheduled and monthly revenue allocations from central government, Abuja, for the funding of their internal operational activities.
public finance












