WEBVTT 1 00:00:04.320 --> 00:00:09.400 Hey folks, good evening again and welcome to another space 2 00:00:09.759 --> 00:00:14.000 with me carlu Agia. Of course, on this space every Sunday, 3 00:00:14.960 --> 00:00:18.359 seven pm West African time, we're talking money, the economy 4 00:00:18.399 --> 00:00:20.079 and of course finance. 5 00:00:20.199 --> 00:00:20.399 Right. 6 00:00:21.719 --> 00:00:23.920 So I was away last week. I had to go 7 00:00:23.960 --> 00:00:28.399 to the UK on a personal mission, and I must 8 00:00:28.399 --> 00:00:30.600 say I did post a lot of stuff about the 9 00:00:30.719 --> 00:00:32.280 UK and I did meet a lot of people. I 10 00:00:32.320 --> 00:00:35.079 think on my last day in the UK, I was 11 00:00:35.119 --> 00:00:38.520 on I was at Oxford Street, the famous bunches and 12 00:00:38.560 --> 00:00:40.560 all that, and I did meet about four or five 13 00:00:40.600 --> 00:00:42.840 folks that saw me on Twitter and said hey, where 14 00:00:42.840 --> 00:00:45.280 are you? Want to come see you and we're able 15 00:00:45.280 --> 00:00:48.200 to just meet talk, you know, just reminisce, have lunch 16 00:00:48.600 --> 00:00:51.679 and dinner early industries. I was there for almost six hours, 17 00:00:51.719 --> 00:00:55.719 you know, metprov met a group of ladies, met a 18 00:00:55.719 --> 00:00:57.880 few other guys. So it was very nice that we 19 00:00:57.880 --> 00:01:00.799 were you know, so it's able to meet folks outside Twitter, 20 00:01:00.799 --> 00:01:02.759 and I did. I really, I really appreciate it. But 21 00:01:02.799 --> 00:01:05.680 I missed you guys. Hence we're back. And whilst I 22 00:01:05.760 --> 00:01:07.760 was away, you know, there was this topic that I 23 00:01:07.799 --> 00:01:13.319 was seeing come up all the time, the President's announcement 24 00:01:13.400 --> 00:01:17.040 about the spending that was being done on infrastructure really 25 00:01:17.120 --> 00:01:23.000 across Nigeria. This particular announcement team that she goats the airport. 26 00:01:23.079 --> 00:01:26.239 It's not the first one he has done. He's done 27 00:01:26.239 --> 00:01:29.200 a lot of announcements as she got the infrastructure spending 28 00:01:29.319 --> 00:01:32.280 in Nigeria. But this particle on I think sort of 29 00:01:32.359 --> 00:01:36.920 tipped the scale into the commentary and the followership, and 30 00:01:37.000 --> 00:01:40.120 I think folks would decided to question if there's been 31 00:01:40.159 --> 00:01:44.680 a should we say is spread of the spending by 32 00:01:44.719 --> 00:01:48.840 this particular administration. And I've also been on Twitter talking 33 00:01:48.840 --> 00:01:50.560 about this, so I said, it's been a good topic 34 00:01:50.599 --> 00:01:53.879 for us to talk around. When I get back on Sunday, 35 00:01:53.920 --> 00:01:55.959 that's what I want to do today. So again, this 36 00:01:56.079 --> 00:01:58.319 is a topic where there are no right or wrong answers. 37 00:01:58.319 --> 00:02:00.879 It's just going to be really opinion. You know. I'm 38 00:02:00.879 --> 00:02:02.640 going to try to lay out the should we say? 39 00:02:02.640 --> 00:02:05.200 The frame will give you the data and the context 40 00:02:05.280 --> 00:02:07.920 to the conversation, but it's going to be really your 41 00:02:07.959 --> 00:02:10.479 opinion what you feel if you feel the government is 42 00:02:11.719 --> 00:02:15.360 investing across the board, or if you feel it should 43 00:02:15.400 --> 00:02:18.360 do better, or if you feel like some would say 44 00:02:18.360 --> 00:02:22.680 that we should focus on the numbers where the activity 45 00:02:22.840 --> 00:02:24.719 is focused on investing there. So I'm just going to 46 00:02:24.759 --> 00:02:28.280 give it again context and data. If you have your opinion, 47 00:02:28.360 --> 00:02:30.560 please request for the mic. I will handle the mic 48 00:02:30.599 --> 00:02:33.599 to you. Keep it short a minute or two, give 49 00:02:33.680 --> 00:02:35.960 us what you feel and then will learn. So let 50 00:02:35.960 --> 00:02:37.719 me give you the context and why I'm bringing in 51 00:02:37.800 --> 00:02:41.520 Federal character into this. Nigeria has a law called the 52 00:02:41.520 --> 00:02:45.039 Federal Character. In my view, this is my opinion, my opinion, 53 00:02:45.120 --> 00:02:48.479 that's the worst law ever in the history of Nigeria. 54 00:02:48.599 --> 00:02:53.479 Why because that law guarantees spending. The Federal Character Law. 55 00:02:53.479 --> 00:02:56.719 If I could paraphrase basically say that whatever you do, 56 00:02:56.759 --> 00:02:59.039 you have to do it with the quote unquote, you 57 00:02:59.159 --> 00:03:02.439 have to do it as if Nigeria is involved. What 58 00:03:02.479 --> 00:03:05.400 that means is this, if you want to appoint ministers, 59 00:03:05.439 --> 00:03:08.319 you can't appoint twelve ministers. You can't appoint six or 60 00:03:08.360 --> 00:03:11.800 eight or ten ministers. You must appoint TESTI six ministers. 61 00:03:11.840 --> 00:03:14.960 Why because the Nigeria has tenty six states. So you 62 00:03:15.039 --> 00:03:17.639 must run your cabinet and your government in a way 63 00:03:17.680 --> 00:03:21.360 that reflects federal character. That's why you see that the 64 00:03:21.439 --> 00:03:26.120 six ministers. You can have twelve ministries, but you must 65 00:03:26.120 --> 00:03:29.599 always have at the minimum TESTI six ministers because you 66 00:03:29.680 --> 00:03:34.360 have to run your governments according to federal character. That's 67 00:03:34.400 --> 00:03:37.520 what the law implies. So when you employ in the 68 00:03:37.599 --> 00:03:41.360 Nigerian Police, if you want fifty, it's not possible unless 69 00:03:41.400 --> 00:03:43.159 you want to take one one per state. You have 70 00:03:43.280 --> 00:03:48.280 to employ from all TESTI six states of Nigeria if 71 00:03:48.319 --> 00:03:50.439 you want to if you want to do anything. So 72 00:03:50.479 --> 00:03:53.080 now let's now go towards the economic side of it. 73 00:03:53.560 --> 00:03:56.199 What about if you want to build a road. If 74 00:03:56.240 --> 00:03:59.599 you stretch that argument because you must run your administration 75 00:04:00.759 --> 00:04:04.680 to reflect the federal character of Nigeria, then that means 76 00:04:04.680 --> 00:04:06.719 that if you build a road in the southeast, you 77 00:04:06.800 --> 00:04:09.080 must build a road in the southwest because you want 78 00:04:09.120 --> 00:04:12.400 to be balanced. You know federal character, which is that 79 00:04:12.479 --> 00:04:16.600 word for balanced. I give an example. Look at the 80 00:04:16.720 --> 00:04:20.120 still plants that are in Nigeria. Remember that when we 81 00:04:20.120 --> 00:04:22.920 build did the still plants, there were no regions in Nigeria. 82 00:04:23.079 --> 00:04:24.920 When we stay did all the still plants, there were 83 00:04:24.920 --> 00:04:28.639 no regions. We just had states. Right, were still plants 84 00:04:28.800 --> 00:04:34.199 in Ajaokuta, So that's central, right. Weber still planted in Katsina. 85 00:04:34.920 --> 00:04:38.959 We we still planted in jos Weber still planted in 86 00:04:39.040 --> 00:04:42.920 no Shobo, Web still plants in Delta. So there's no 87 00:04:43.000 --> 00:04:46.519 still plants in the whole of the Southeast. Many reasons, 88 00:04:46.519 --> 00:04:48.519 but there's no still plants in all nor the Southeast. 89 00:04:48.519 --> 00:04:51.920 So there's federal character in the eleocation of steel plant 90 00:04:52.000 --> 00:04:56.800 but avoiding the Southeast. We have the research instit in 91 00:04:56.800 --> 00:04:59.040 the in the India in the East, but not still planned. 92 00:04:59.439 --> 00:05:03.000 Same with airport, we had the airport in Inuguti, International 93 00:05:03.040 --> 00:05:07.000 Airport in Enugu, but it's been there. It was it 94 00:05:07.040 --> 00:05:09.759 was an airport, not an international airport. It just an airport, 95 00:05:09.839 --> 00:05:14.160 not international. But all regions had international airport again because 96 00:05:14.160 --> 00:05:16.920 again you have to spread distance across Nigeria. But the 97 00:05:16.959 --> 00:05:21.879 Southeast they didn't have intertional airports that eighteen and all that. 98 00:05:22.279 --> 00:05:24.879 Same with trade zones, you had trade zones all over 99 00:05:25.319 --> 00:05:28.360 and the Southea didn't have a trade zone. But that's Southeast. 100 00:05:28.680 --> 00:05:31.560 But when you run the operations of Nigeria, when you 101 00:05:31.600 --> 00:05:35.399 look at Nigeria as a whole, when you do things 102 00:05:35.439 --> 00:05:37.600 like you do the Petrilum Trust Fund, when you do 103 00:05:37.759 --> 00:05:41.160 show Pee, when you do investments across Nigeria, there is 104 00:05:41.319 --> 00:05:45.240 always a tendency that you balance out suspending because you 105 00:05:45.279 --> 00:05:48.240 want to sort of take that box on federal character. 106 00:05:48.680 --> 00:05:50.800 So if you're building a road here, you want to 107 00:05:50.800 --> 00:05:53.319 build a road there. Of course, you can't build ports 108 00:05:53.360 --> 00:05:56.000 in every part of the country, but again you get 109 00:05:56.000 --> 00:06:00.560 the point at making. Let's fast forward to PTA. PTF 110 00:06:00.680 --> 00:06:03.600 was all across Nigeria. That was under General Bacher and 111 00:06:03.639 --> 00:06:05.759 Bohario was the guy around the PTF just all across 112 00:06:05.839 --> 00:06:10.040 Niger about projects all across Nigeria. My school saw PTR project. 113 00:06:10.120 --> 00:06:12.319 I know your school also saw PTR plus across the 114 00:06:12.319 --> 00:06:15.560 board and we all saw that right shore p also 115 00:06:15.639 --> 00:06:18.879 all across the federation. We did see bosses across the 116 00:06:18.920 --> 00:06:24.120 federation employment all that. The t really have a specific 117 00:06:25.160 --> 00:06:27.399 fund that has been created for the excess cool that 118 00:06:27.439 --> 00:06:29.959 they have saved from robot subsidy. They don't have a 119 00:06:29.959 --> 00:06:32.519 specific fund. They have a fund that in the book 120 00:06:32.560 --> 00:06:35.720 created If you look at the very very first fact 121 00:06:35.759 --> 00:06:38.920 after fact after the subsidy was created, there was a 122 00:06:39.000 --> 00:06:43.360 fund that money was taken from the fact proceeds and 123 00:06:43.439 --> 00:06:45.959 put into that fund. I believe the first one was 124 00:06:46.000 --> 00:06:49.399 about fifty percent and subsequently been taking moneys from fac 125 00:06:49.879 --> 00:06:52.399 and put into that fund. Then again, let me give 126 00:06:52.399 --> 00:06:56.360 you a history. Boo Harry. When Buhari was the president, 127 00:06:56.720 --> 00:07:01.000 bo Harris had something called the Presidential Initiative Infrastructure something 128 00:07:01.079 --> 00:07:03.879 like that. Essentially, what they did was that they created 129 00:07:03.879 --> 00:07:07.600 a fund and they put in the dividends their independent 130 00:07:07.720 --> 00:07:10.519 revenues maybe dividends from nagural quite natural gas. They put 131 00:07:10.519 --> 00:07:13.040 it into that fund. When they put into that fund, 132 00:07:13.079 --> 00:07:17.120 they are able to spend that fund by passing National Assembly. 133 00:07:17.720 --> 00:07:20.120 Why by Persson National astand because according to the laws 134 00:07:20.120 --> 00:07:24.519 of the Federation, you cannot spend any moneys unless National 135 00:07:24.560 --> 00:07:30.319 Assembly appropriated about sexual Section eight of Natural Constitution. So 136 00:07:30.360 --> 00:07:33.160 when you create a separate fund, in their mind, you 137 00:07:33.240 --> 00:07:38.360 are bypassing the need to have National Assembly authorize that spending. 138 00:07:38.600 --> 00:07:41.079 That's why they do it. So bo Harry had that 139 00:07:42.120 --> 00:07:44.720 fund and all that fund was also where we paid 140 00:07:44.759 --> 00:07:47.120 in the proceed of their bachelor loot. The bit of 141 00:07:47.160 --> 00:07:49.000 it was paid in there worlds gave a bit of 142 00:07:49.000 --> 00:07:51.439 it natural Sovereign Wealth fund and that's where we then 143 00:07:51.480 --> 00:07:55.519 took those funds and then do infrastructure bypassing National Assembly. 144 00:07:56.199 --> 00:08:01.560 Presenting the book has supercharged that fund. Really supercharged that fund. 145 00:08:01.759 --> 00:08:04.920 He has created his own fund right and that fund 146 00:08:04.959 --> 00:08:08.959 has now accumulated right in excess. The money is in 147 00:08:09.079 --> 00:08:13.600 excess of what is available right in the budget. So 148 00:08:13.680 --> 00:08:15.959 let's say the budget of Nigeria, let's look at what 149 00:08:16.000 --> 00:08:18.519 we're talking about. The airport want to spend about seven 150 00:08:18.600 --> 00:08:23.199 hundred and twelve billion. The total allowance, the total budgety 151 00:08:23.279 --> 00:08:27.000 allowance for the measure of aviation and ministure of transportation 152 00:08:27.279 --> 00:08:30.720 is not up to seven hundred billion. So that fund 153 00:08:30.879 --> 00:08:35.120 alone has got an accumulted more funds than the ministries 154 00:08:35.120 --> 00:08:38.879 that are actually in charge of transportation and aviation. So 155 00:08:38.919 --> 00:08:42.519 the president has basically taken funds from the val of subsidies, 156 00:08:43.200 --> 00:08:46.679 putting a separate fund. And that separate fund essentially what 157 00:08:46.879 --> 00:08:50.840 is then using to spend at will without going through 158 00:08:51.000 --> 00:08:55.120 the National Assembly. So Tabu, how you did it? Tinabu 159 00:08:55.200 --> 00:08:58.679 has simply supercharged it. So the question is that is 160 00:08:58.720 --> 00:09:01.200 that now if you don't come back to this compt 161 00:09:01.200 --> 00:09:05.240 of federal character, how should that now operate. First of all, 162 00:09:05.279 --> 00:09:08.440 that fund is in it self illegal because you cannot 163 00:09:08.480 --> 00:09:11.559 take moneys out of tax. You can't take any revenues. 164 00:09:11.600 --> 00:09:15.480 What is tax revenues? What else independent revenues and spend 165 00:09:15.919 --> 00:09:20.720 without the National Assembly authorizing it. You can't again section eighty. 166 00:09:20.840 --> 00:09:23.399 I'm going to retweet it again for you guys, so 167 00:09:23.440 --> 00:09:25.639 you can also read it again. I just read section 168 00:09:25.759 --> 00:09:28.080 eighty because my Twitter feed. I just pret there. You 169 00:09:28.080 --> 00:09:31.799 can read all the sections eighty one. No money shall 170 00:09:31.840 --> 00:09:35.039 be withdrawn from the Consul Revenue fund except in this 171 00:09:35.120 --> 00:09:39.240 proscam National Assembly. No money can be withdrawn nothing can. 172 00:09:39.600 --> 00:09:43.799 You can't spend public money unless National Assembly authorizes you too. 173 00:09:43.919 --> 00:09:46.480 So that is pretty clear on that, right. So then 174 00:09:46.519 --> 00:09:49.919 when you don't have a separate fund, are you able 175 00:09:49.960 --> 00:09:52.360 to take money from that and spend No. First of all, 176 00:09:52.360 --> 00:09:55.320 it is illegal. But number two, let's assume it is legal. 177 00:09:55.759 --> 00:10:00.039 Can you then spend that money without going through the 178 00:10:00.120 --> 00:10:03.360 issues of federal character. That's not the main question. Can 179 00:10:03.399 --> 00:10:05.840 I say, yes, I have a fund and that fund, 180 00:10:05.919 --> 00:10:08.799 I can just spend eighty percent of that money in 181 00:10:08.840 --> 00:10:11.519 the region. That's now the question we won't talk about 182 00:10:11.559 --> 00:10:14.279 on the space. Is it possible? The PRENDS is spending 183 00:10:14.279 --> 00:10:17.559 about seven hundred and twelve billion renovate just one airport, 184 00:10:17.799 --> 00:10:21.039 just one airport in Legos. The total budget of the 185 00:10:21.039 --> 00:10:23.679 Newstry of transmition about two hundred is one of the 186 00:10:23.720 --> 00:10:27.159 six billion mins of aviation about seventy two billions just 187 00:10:27.519 --> 00:10:29.879 the aviation ministry alone, if you remove the training schools 188 00:10:29.879 --> 00:10:31.639 and all that just some two billion. So I can 189 00:10:31.679 --> 00:10:35.200 say that we have money in excess in this fund 190 00:10:35.240 --> 00:10:37.480 that the president has. Which is the name of that 191 00:10:37.559 --> 00:10:38.960 fund if you want to get the exact names, the 192 00:10:39.000 --> 00:10:43.840 Renewed Hope Infrastructure Development for the RGE idea, the Renewed 193 00:10:43.840 --> 00:10:46.759 Hope in the fras structuredent phone. So he has taken 194 00:10:46.799 --> 00:10:50.200 money from the roomal of field subsidies put into the 195 00:10:50.399 --> 00:10:53.200 RGE IDF and then he's now spending the money from 196 00:10:53.240 --> 00:10:57.000 the average IDF at will however he wants. Right, So 197 00:10:57.399 --> 00:11:00.519 let me also give you what the RhI idea from 198 00:11:00.639 --> 00:11:02.879 to spend money on. Because I've given you now I've 199 00:11:02.919 --> 00:11:05.879 talked about how Nigeron is set up. You can't spend 200 00:11:05.919 --> 00:11:09.480 money without the National Assembly. Number two, we have federal 201 00:11:09.600 --> 00:11:12.000 character that say that when you do stuff in Nigeria, 202 00:11:12.360 --> 00:11:15.200 you have to reflect federal characters. So we have those two. 203 00:11:15.480 --> 00:11:17.679 We now come to the outage idea of you need 204 00:11:17.759 --> 00:11:20.919 hope infrastructure of fun and we're now asking a question 205 00:11:21.200 --> 00:11:25.240 can the presidents spend money from the from the subty 206 00:11:25.279 --> 00:11:28.879 funds without going International Assembly Number one? Number two can 207 00:11:28.919 --> 00:11:31.519 he do this in any way he wants? Where else 208 00:11:31.519 --> 00:11:35.799 are they spending? This Money's on the Legos Caliber Coastal Highway. 209 00:11:35.840 --> 00:11:38.639 The money's coming from this overage idea. That's the one 210 00:11:38.720 --> 00:11:41.399 trill billion you hear in dollar borrowing. It's come from 211 00:11:41.440 --> 00:11:45.720 this fund. But a great espece way come from this fund. Legos, 212 00:11:45.759 --> 00:11:49.399 Canno and Eastern rail lines also coming from this fund. 213 00:11:49.480 --> 00:11:52.080 So it's all coming from a fund that is not 214 00:11:52.159 --> 00:11:56.679 going International Assembly and seems to be weighted towards a 215 00:11:56.720 --> 00:11:59.799 particular region. I'll give you more proof on this and 216 00:12:00.159 --> 00:12:01.679 this guy. I'm going to stop to let you guys 217 00:12:02.320 --> 00:12:03.759 helping and give you a comment. So if you do 218 00:12:03.799 --> 00:12:05.000 no request, just do a request. 219 00:12:05.000 --> 00:12:05.200 Now. 220 00:12:05.440 --> 00:12:07.519 Let me give you also the project that we're doing 221 00:12:07.519 --> 00:12:10.720 from this fund. Legosy bout An Expressway one hundred and 222 00:12:10.759 --> 00:12:15.159 ninety six billion from this fund, the seventh AXL Highway 223 00:12:15.200 --> 00:12:19.840 about about one point two trillion, Multila Mouhammed Airport seven 224 00:12:19.919 --> 00:12:23.480 hundred and twelve billion just to fence the Legos Airport 225 00:12:23.720 --> 00:12:28.759 fifty billion, Lego Sagamo Road eleven billion, Lucky Service laying 226 00:12:29.080 --> 00:12:31.360 one to fifty eight billion Legos. But I talk to 227 00:12:31.440 --> 00:12:35.480 Expressway one point six trillion. There arefour breasing Legos want 228 00:12:35.519 --> 00:12:38.159 to rehabilitate. There's no cost yet on that. There's a 229 00:12:38.200 --> 00:12:41.039 two billion for Legos light trail. So again we're taking 230 00:12:41.080 --> 00:12:44.799 moneys again here here me, we're taking moneys. We're federal 231 00:12:44.799 --> 00:12:48.559 moneys from the whole of subsidy to a fund set 232 00:12:48.600 --> 00:12:51.840 up by the president. Then the president is unilaterally taking 233 00:12:51.840 --> 00:12:54.960 the money, the federal money from that purse and giving 234 00:12:54.960 --> 00:12:58.200 it to a state to invest in their light trail. 235 00:12:58.720 --> 00:13:01.279 Nothing wrong with that in my view. But other states 236 00:13:01.320 --> 00:13:03.240 have light rails? Are you going to do that for 237 00:13:03.320 --> 00:13:07.120 other states as well? So this is federal money going 238 00:13:07.159 --> 00:13:12.159 to a state project, not appropriated by NAS. Nothing, just 239 00:13:12.240 --> 00:13:14.799 it's going to go from the federal to the state. 240 00:13:16.879 --> 00:13:20.200 This so it's all it's if you just look at 241 00:13:20.279 --> 00:13:22.879 the numbers, it seems to be either the project start 242 00:13:22.919 --> 00:13:27.759 from Legos or terminateing Legos. On Twitter, we always hear 243 00:13:27.840 --> 00:13:30.720 Legos is crowded, and Legos is crowded. If you live 244 00:13:30.759 --> 00:13:32.919 in Legos, you know Legos is crowded. As a matter 245 00:13:32.960 --> 00:13:34.679 of fact, they do nothing in legos in the next 246 00:13:34.759 --> 00:13:36.039 ten years, You're not going to be able to move 247 00:13:36.080 --> 00:13:39.759 around the legos. To go from LeKi to say Ecuu 248 00:13:39.840 --> 00:13:42.720 do by four pm is a death sentence. Really, it's 249 00:13:42.759 --> 00:13:45.639 it's the traffic, is that tic? So what you do 250 00:13:45.639 --> 00:13:48.799 if you're a CEO and you have to project and 251 00:13:48.840 --> 00:13:51.279 you have to invest in one project that the market 252 00:13:51.519 --> 00:13:54.600 was there, it's a developed market. You want to go 253 00:13:54.639 --> 00:13:57.679 into that market and expand that market. What should you do? 254 00:13:57.720 --> 00:14:00.559 Should you go to the developed market or should you 255 00:14:00.600 --> 00:14:04.120 invest moneys in developing new markets for you to also 256 00:14:04.279 --> 00:14:08.320 grow organically or should you do both? You can't argue. 257 00:14:08.519 --> 00:14:12.320 If you argue that we should only developed established market, 258 00:14:12.720 --> 00:14:17.399 then no foreign firm will come to Nigeria. Exonomobile, forward 259 00:14:18.039 --> 00:14:21.200 of Boeing, all those comment own in Nigeria. They don't 260 00:14:21.200 --> 00:14:24.080 need the Nigerian market. They have a market in Western Europe, 261 00:14:24.080 --> 00:14:26.759 in Asia, but they are here to develop the market 262 00:14:27.080 --> 00:14:30.240 because tomorrow this nigern market is going to be big 263 00:14:30.519 --> 00:14:34.360 and then they can transit from the matured market that 264 00:14:34.399 --> 00:14:37.080 they have in the West towards the Nigerian market. That's 265 00:14:37.120 --> 00:14:40.559 the whole idea. So if you argue that we should 266 00:14:40.639 --> 00:14:44.480 invest only in Legos. Because Legos is where the market is. 267 00:14:45.200 --> 00:14:47.960 Then what happens when that market in Legos becomes matured. 268 00:14:48.840 --> 00:14:52.440 If you look at the port numbers, nearly eighty percent 269 00:14:52.600 --> 00:14:56.000 of the import and export go through the paper port. 270 00:14:56.720 --> 00:14:59.840 From a paper port out of Legos is one express 271 00:15:00.080 --> 00:15:03.879 road and one railway, just one. So just look at 272 00:15:03.879 --> 00:15:07.679 the national security implications that if that road, whatever happens, 273 00:15:07.720 --> 00:15:11.000 if that road is sort of blocked by natural means, 274 00:15:11.039 --> 00:15:13.840 maybe so we have a flawed or whatever, then eighty 275 00:15:13.879 --> 00:15:16.759 percent of our imports and our export don't go out. 276 00:15:17.200 --> 00:15:20.639 So ignore even the federal character part of it. You 277 00:15:20.639 --> 00:15:23.840 are putting all your eggs in one basket. You can't 278 00:15:23.840 --> 00:15:27.360 say develop just one part because that's where the market is, 279 00:15:27.360 --> 00:15:31.240 so that's where the airport's traffic is. If you develop 280 00:15:31.360 --> 00:15:35.120 all the other markets and all the clusters, then the 281 00:15:35.159 --> 00:15:38.080 market does spread out to those clusters and then you 282 00:15:38.120 --> 00:15:42.919 can grow the economy pan Nigeria globally. It's not a 283 00:15:42.960 --> 00:15:47.120 hard concept to grasp right to say we will only 284 00:15:47.159 --> 00:15:49.480 go to invest in where it's established. I don't think 285 00:15:49.919 --> 00:15:52.919 it passes the smell test. It doesn't pass the fact test, 286 00:15:53.399 --> 00:15:56.360 it doesn't pass the constitutional test. It doesn't pass the 287 00:15:56.480 --> 00:16:00.480 economics business test. No business will say I'm going to 288 00:16:00.559 --> 00:16:02.519 invest in one shop if I have a shopping on 289 00:16:02.559 --> 00:16:05.240 a chair, have a shopping legos, have a shopping jobs. 290 00:16:05.559 --> 00:16:07.879 You say, I'm only going to invest in the shop 291 00:16:07.960 --> 00:16:10.519 I make my biggest seals, and I'm going to ignore 292 00:16:10.559 --> 00:16:13.159 the other shops because I make my biggest What about 293 00:16:13.159 --> 00:16:15.879 the other shops? Is I do know to grow your 294 00:16:15.919 --> 00:16:19.360 subsidiaries to grow as high as your mean? Okay, Like 295 00:16:19.759 --> 00:16:21.519 I've spoken a lot, let me stop here. I know 296 00:16:21.559 --> 00:16:23.679 I've got a bla he wants to speak, and most 297 00:16:23.639 --> 00:16:26.200 of you, guys, I can receive your DMS already, I know. 298 00:16:26.759 --> 00:16:28.240 Let's try to make it. You know, I'm going to 299 00:16:28.320 --> 00:16:32.000 be very very open to hear your opinions. Like nobody's wrong. 300 00:16:32.720 --> 00:16:34.759 So let's hear you guys. I'd lie. How are you doing? 301 00:16:34.799 --> 00:16:37.200 Thanks for hopping in here. What's your take on what 302 00:16:37.279 --> 00:16:41.799 we're talking about? Infrastructure and the spread? Should we use 303 00:16:41.840 --> 00:16:45.639 federal character to do infrastructure? Apply? What do you think. 304 00:16:50.720 --> 00:16:51.360 I'd like him? 305 00:16:53.840 --> 00:16:56.399 You got on mute my brother, and then you can speak. 306 00:16:59.440 --> 00:17:03.399 All right, let's that's a gospel gospel r X. How 307 00:17:03.480 --> 00:17:09.160 are you gospel? Okay? I've got gospel, I've got Abdullah here. 308 00:17:09.200 --> 00:17:15.079 I'm so sorry. Please go ahead, good good evening for everywhere. 309 00:17:16.279 --> 00:17:17.559 Wherever in the world. 310 00:17:19.640 --> 00:17:21.839 That's like, how how are you? How are you doing today? 311 00:17:21.880 --> 00:17:23.680 If you speak up, I would love it. Where you're 312 00:17:23.680 --> 00:17:24.079 calling it. 313 00:17:24.119 --> 00:17:26.880 From, I'm calling you from Nigeria. 314 00:17:27.119 --> 00:17:30.000 Okay? Perfect? What's your take on the topic. It's a 315 00:17:30.039 --> 00:17:32.279 wide topic, but what we want to focus. 316 00:17:31.960 --> 00:17:37.720 On, Like the topic is like leg talk about his 317 00:17:37.759 --> 00:17:40.359 per structure, spending and better. 318 00:17:40.319 --> 00:17:41.559 Character in Nigeria. 319 00:17:42.880 --> 00:17:49.599 So what I'm trying to say is that the infrastructure 320 00:17:49.720 --> 00:17:53.720 is the fault or is this spending all the difficulits 321 00:17:53.799 --> 00:17:58.119 in the given contract to the contrast sour those. 322 00:17:57.960 --> 00:18:02.799 Are genius or both the consign that we as niger 323 00:18:02.960 --> 00:18:04.279 we should be more. 324 00:18:05.799 --> 00:18:08.400 I think the main concern is that some some folks 325 00:18:08.400 --> 00:18:12.799 in regions outside Legos feel that the federal development is 326 00:18:12.799 --> 00:18:15.680 not getting too their regions. We have all we let's 327 00:18:15.680 --> 00:18:19.480 look at us at ports. For instance, we have three 328 00:18:19.559 --> 00:18:21.880 ports in Niger that are functional. Then we have the 329 00:18:22.079 --> 00:18:25.359 on air, so we have on air and the three ports, 330 00:18:25.519 --> 00:18:28.559 and the three ports are in Legos and we're building 331 00:18:28.559 --> 00:18:31.599 a brand new port in Legos. We're also expanding the 332 00:18:31.640 --> 00:18:35.079 ports in the paper. But so folks are asking, why 333 00:18:35.079 --> 00:18:37.240 are we're putting everything in just one region and over 334 00:18:37.400 --> 00:18:40.119 crowding directionion, why don't we develop the dou port, the 335 00:18:40.200 --> 00:18:45.119 caliber port, make them as big as a paper. Abia 336 00:18:45.160 --> 00:18:46.839 has no ports, They can't have a port. I don't 337 00:18:46.839 --> 00:18:49.599 think they are seaborne. But do has a port? Worri 338 00:18:49.759 --> 00:18:56.839 has a port, Calabar has a port. Yeah, that's the point. 339 00:18:57.000 --> 00:18:58.799 So what what's your take on this? Do you do 340 00:18:58.839 --> 00:19:01.519 you feel this less developed legos make it really large 341 00:19:01.519 --> 00:19:04.279 and more than or do you think spread that's what 342 00:19:04.440 --> 00:19:07.480 about the federal character. That's where we're you're talking about. 343 00:19:08.920 --> 00:19:13.759 Legos. So like the president is concerned, like it's not. 344 00:19:13.799 --> 00:19:16.240 That it's not it's not the developing legos. It's just 345 00:19:16.359 --> 00:19:17.359 developing himself. 346 00:19:17.440 --> 00:19:21.680 That's what I would say, because they will say they 347 00:19:21.680 --> 00:19:22.839 are collected revenue. 348 00:19:23.039 --> 00:19:24.279 Who is collecting revenue? 349 00:19:24.279 --> 00:19:25.160 And probably. 350 00:19:29.319 --> 00:19:36.200 Seems that the go ahead, go ahead, real quick, go ahead, second, 351 00:19:37.640 --> 00:19:38.720 go ahead, real quick. 352 00:19:39.200 --> 00:19:43.519 Random everybody knows how everybody know how the revenue is 353 00:19:43.599 --> 00:19:48.240 generated and how it goes. So we have Nagia in particular, 354 00:19:48.319 --> 00:19:52.279 every everybody has has in every state or every part 355 00:19:52.319 --> 00:19:58.839 of you like you have spending problem. Everoul politicians that 356 00:19:58.880 --> 00:20:01.039 you want to conte you will say that I want 357 00:20:01.079 --> 00:20:04.720 to pull people out of poverty like an. 358 00:20:06.359 --> 00:20:07.839 Hello, I'm still am. 359 00:20:07.680 --> 00:20:11.119 I yes, round up, I'm sorry about that. 360 00:20:11.480 --> 00:20:12.880 Okay. 361 00:20:12.920 --> 00:20:16.480 So, like I think we have to go back to 362 00:20:16.519 --> 00:20:20.119 the table and this everybody should be sincere to inself. 363 00:20:20.160 --> 00:20:23.680 It's either we are really like want to develop ourselves 364 00:20:23.799 --> 00:20:28.960 or want to keep ourselves in poverty, or we are 365 00:20:29.119 --> 00:20:32.440 leaving concerned because we are Annia. Everybody will say I'm Muslim, 366 00:20:32.480 --> 00:20:34.839 I'm Chrystal, or I'm from Dysuli, I'm from that. 367 00:20:37.319 --> 00:20:38.960 So to even talk to. 368 00:20:38.920 --> 00:20:44.599 Each other people, I think as something has ship or 369 00:20:44.640 --> 00:20:48.519 something that you should be so I can or to 370 00:20:48.599 --> 00:20:52.400 behave anyhow to somebody or to so that there we 371 00:20:52.480 --> 00:20:59.640 have as in communications like communications is very concerning myself 372 00:20:59.640 --> 00:21:04.039 someone do we talk to someone or in a serviss 373 00:21:04.079 --> 00:21:06.799 manner that you MA can understand what you are trying 374 00:21:06.839 --> 00:21:08.319 to explain. 375 00:21:08.519 --> 00:21:09.559 People are finding. 376 00:21:09.480 --> 00:21:15.759 Difficult because they're out of school, as in all those 377 00:21:15.799 --> 00:21:19.759 things are the now new way am I Like I'm 378 00:21:19.799 --> 00:21:22.640 seeing people that are know have the opportunity to go 379 00:21:22.759 --> 00:21:27.559 to school is denying from them as in they are 380 00:21:28.160 --> 00:21:34.640 just learning about food is a major concern that people 381 00:21:34.720 --> 00:21:38.880 that wake up they don't know where they will. 382 00:21:40.480 --> 00:21:41.960 Let me ask let me ask you a question, who 383 00:21:41.960 --> 00:21:44.200 do you Who do you think in relationships which will 384 00:21:44.319 --> 00:21:47.680 hold for food and education? Is it the president or 385 00:21:47.720 --> 00:21:50.519 your governor? Like your governor is in charge of food, 386 00:21:50.839 --> 00:21:52.640 is in charge of education? Who do you think is 387 00:21:52.680 --> 00:21:54.759 responsible in your states? Who interview. 388 00:21:56.000 --> 00:22:00.480 My governor now for this that his collecting state location? 389 00:22:02.599 --> 00:22:06.119 So how is he spending? Let me it's not like 390 00:22:06.200 --> 00:22:13.400 I'm trying to governor like this woman, this person, I 391 00:22:13.400 --> 00:22:16.359 don't know where he's heading to before like they used 392 00:22:16.400 --> 00:22:20.400 to keep every governor. He's trying, no matter how, students 393 00:22:20.480 --> 00:22:25.759 to get their scholarship all this like meeting, I don't know, 394 00:22:25.960 --> 00:22:29.759 like how is he doing it? Because even to provide 395 00:22:29.759 --> 00:22:33.799 the scholarship now is finding it is becoming difficult to 396 00:22:34.039 --> 00:22:39.359 Students's just finding some students there into there are kind 397 00:22:39.359 --> 00:22:41.000 of guither people for him. 398 00:22:41.279 --> 00:22:44.599 He would just give them without having it for helm. 399 00:22:45.680 --> 00:22:49.720 So all right, no worries. I'm like, thank you, I 400 00:22:49.759 --> 00:22:55.160 appreciate you coming in here. Thank you gospel hop writing. 401 00:22:55.240 --> 00:23:00.440 What's your take? Yeah, thank you, pleasure, Yes I can. 402 00:23:00.519 --> 00:23:03.279 Good day. We're talking, of course, the infrastructure. We're talking 403 00:23:03.319 --> 00:23:06.240 for the characters a white topic. Do you think the 404 00:23:06.279 --> 00:23:08.720 present is tilting too much on one side? Do you 405 00:23:08.759 --> 00:23:11.160 support the view that we should invest where we already 406 00:23:11.160 --> 00:23:14.200 have a established market so that we make those ones 407 00:23:14.240 --> 00:23:16.599 more productive. What's your taking all these. 408 00:23:18.000 --> 00:23:20.240 Yeah, definitely, Calor, thanks for being in this topic. 409 00:23:20.319 --> 00:23:23.480 Of course, anybody who knows you know, who can see 410 00:23:23.519 --> 00:23:25.480 through the air what is going and knows that what 411 00:23:25.599 --> 00:23:29.160 is going on is completely unfortunate. You mentioned it already. 412 00:23:29.200 --> 00:23:31.799 You have legos to the small lested in the country 413 00:23:32.160 --> 00:23:34.599 and your carriage, or you already have functional apports in 414 00:23:34.599 --> 00:23:37.200 a day, and then you want to see the blow 415 00:23:37.240 --> 00:23:40.039 for the airports instead of going down to the south 416 00:23:40.079 --> 00:23:43.400 Sea rivers where you have your own airport that you 417 00:23:43.519 --> 00:23:46.680 that is barely functioning, and putting them on so you 418 00:23:46.720 --> 00:23:49.839 get it functional, or even go as far as Calabau 419 00:23:50.240 --> 00:23:54.079 do it will use. The congestion in Legos makes these 420 00:23:54.079 --> 00:23:56.680 goods go faster to different locations, to the shops. The 421 00:23:56.720 --> 00:23:59.200 guy in all can get these goods easier closer from 422 00:23:59.240 --> 00:24:04.160 Legos from but accordingly weed from reverse from Legos analem 423 00:24:04.279 --> 00:24:04.799 cities came. 424 00:24:04.920 --> 00:24:06.000 I'm from Reverse. 425 00:24:05.720 --> 00:24:08.200 Where the resources that is used to make this. 426 00:24:08.319 --> 00:24:10.599 Infrastructure interventions come from. 427 00:24:10.640 --> 00:24:12.680 So I feel very sadly about all of this, to 428 00:24:12.720 --> 00:24:16.839 be honest with you, because you have a stitution where 429 00:24:17.039 --> 00:24:20.599 there is all over centralization of resources in one place. 430 00:24:21.279 --> 00:24:22.880 And sometimes from what I was thinking, and. 431 00:24:22.880 --> 00:24:25.920 You're wondering, oh, are you sure we don't have an 432 00:24:26.000 --> 00:24:28.759 ulterior motive in all of this? What if they're planning 433 00:24:28.799 --> 00:24:33.119 for maybe a post if you like Nigeria United Nigeria 434 00:24:33.319 --> 00:24:36.240 after dinner. I hope this doesn't happen anyway, but I 435 00:24:36.240 --> 00:24:38.240 mean some people are starting to think in that direction 436 00:24:38.400 --> 00:24:41.400 as well, because the other centralization is not good for 437 00:24:41.559 --> 00:24:42.079 us at all. 438 00:24:42.119 --> 00:24:43.400 You talk about federal character. 439 00:24:43.440 --> 00:24:47.039 Of course we've seen, you know, nepotism in full bloody 440 00:24:47.200 --> 00:24:50.000 like display and people are not happy about it. But 441 00:24:50.119 --> 00:24:52.079 some people will tell you. For example, I was reading 442 00:24:52.119 --> 00:24:55.039 saying that we did not cry about it, you know, 443 00:24:55.160 --> 00:24:57.440 yet they were. They cry about it to they're referring 444 00:24:57.480 --> 00:25:00.279 to the body government and maybe he's looking to some 445 00:25:00.519 --> 00:25:03.480 power brothers from the not but generally what is bad. 446 00:25:03.920 --> 00:25:06.160 It's bad because if you nursy because they did not 447 00:25:06.200 --> 00:25:08.920 complain during Bohari, so they should not complain now. Hard 448 00:25:08.960 --> 00:25:12.119 by tomorrow some guy from the southeast comes in and 449 00:25:12.160 --> 00:25:14.599 then he takes everything to the southeast. Is that how 450 00:25:14.640 --> 00:25:16.519 we are going to agree country? If it goes that 451 00:25:16.680 --> 00:25:19.119 with someone in our country or not? Is that everybody 452 00:25:19.200 --> 00:25:22.119 appointed comes from this region? The country can nor move 453 00:25:22.119 --> 00:25:24.720 forward in that kind of situation. And then I want 454 00:25:24.720 --> 00:25:26.519 to do, you know, talk on this point before I 455 00:25:26.519 --> 00:25:29.119 forget in your from your research. Have you ever seen 456 00:25:29.160 --> 00:25:31.200 a situation in this country? Have you ever happened in 457 00:25:31.200 --> 00:25:33.880 this country that they fund is you know? 458 00:25:34.160 --> 00:25:36.640 And the fund is created outside of the. 459 00:25:36.640 --> 00:25:39.880 Normal government channels, that is not administard or overcited by 460 00:25:40.000 --> 00:25:42.680 National Assembly. Before this the new whole phone, Is this 461 00:25:42.759 --> 00:25:44.880 something that has happened before any time? Just trying to 462 00:25:44.880 --> 00:25:46.960 see this any place they picked up label from. 463 00:25:47.160 --> 00:25:47.200 No. 464 00:25:47.839 --> 00:25:50.440 The nearest collection was when bo Harry did the access 465 00:25:50.480 --> 00:25:55.079 the President's infrastructure fund. When you when President Barry was 466 00:25:55.119 --> 00:25:58.599 fighting with Master Saraki, he went to borrow twenty two billion, 467 00:25:58.880 --> 00:26:00.720 the same thing that has happened, right you go back 468 00:26:00.720 --> 00:26:03.720 in history present. Bo Harry wanted to borrow twenty two 469 00:26:03.799 --> 00:26:07.839 billion dollars. Nationals Sembly said no. So what they do 470 00:26:08.000 --> 00:26:11.079 is to take the dividends from Nigelalic financial girts which 471 00:26:11.079 --> 00:26:14.559 were paid in dollars plus other independence revenues, and they 472 00:26:14.640 --> 00:26:17.559 put in the particular phone. They then use that particular 473 00:26:17.640 --> 00:26:20.880 phone to spend by pass nationals. And that's what the 474 00:26:20.880 --> 00:26:25.359 same template that presidentbu is doing. He's just basically maximized 475 00:26:25.440 --> 00:26:27.440 on steroids. So you can see the amount of money 476 00:26:27.480 --> 00:26:31.640 in there is enormous. That it has more money than 477 00:26:31.240 --> 00:26:35.240 the budget. You know, it's it's crazy. Yeah, that's where 478 00:26:35.240 --> 00:26:35.519 we are. 479 00:26:36.960 --> 00:26:39.839 I don't know, man, I really I read about it 480 00:26:39.839 --> 00:26:41.200 that I'm just starting to wonder. 481 00:26:41.359 --> 00:26:43.319 I mean, what kind of country. It just looks like 482 00:26:43.400 --> 00:26:44.240 this country is a. 483 00:26:44.160 --> 00:26:46.079 Complete banana republic, because all we. 484 00:26:46.039 --> 00:26:48.559 Are saying that is that you just it's something you 485 00:26:48.640 --> 00:26:50.279 watch in the movie and you think maybe it can 486 00:26:50.319 --> 00:26:53.160 never happen, because how can you have more phones like 487 00:26:53.240 --> 00:26:56.400 you said in the in the in the system that 488 00:26:56.559 --> 00:26:59.559 nobody checks, nobody knows how they spend when I have 489 00:26:59.640 --> 00:27:02.319 to show in this country, well for example, now big 490 00:27:02.400 --> 00:27:05.640 contrast that I you know, projects that I want billions 491 00:27:05.680 --> 00:27:09.240 of dollars and if you like, and nobody in those 492 00:27:09.759 --> 00:27:11.880 who is bidding for this contract. 493 00:27:12.119 --> 00:27:13.319 The processes it goes through. 494 00:27:13.319 --> 00:27:15.640 It just one money and where that the contract and 495 00:27:15.759 --> 00:27:19.519 awandered and it goes to one particular company, one particular guy. 496 00:27:21.200 --> 00:27:23.839 Nigeria has to be very worried about familiar I'm quite 497 00:27:23.880 --> 00:27:26.359 to worried Nigeria is this kind of you know, a 498 00:27:26.440 --> 00:27:28.160 lot goes on in this country and you don't even 499 00:27:28.240 --> 00:27:30.079 know if you want to really continue to talk about 500 00:27:30.119 --> 00:27:32.119 it or you just want to, you know, remove your 501 00:27:32.119 --> 00:27:34.480 mind from it, because if you think about this much, 502 00:27:34.519 --> 00:27:36.279 for me sometimes it gets me really. 503 00:27:36.079 --> 00:27:36.559 Really really. 504 00:27:37.839 --> 00:27:39.119 Just to be clear, I know you say that from 505 00:27:39.200 --> 00:27:42.519 rivers you would prefer they spread it or because the 506 00:27:42.599 --> 00:27:45.680 argument I'll come back to you to say reverse has 507 00:27:45.720 --> 00:27:49.079 on their right and the government I know is investing 508 00:27:49.119 --> 00:27:52.880 in on air. We have the three in legos and 509 00:27:52.880 --> 00:27:55.039 they are al the biggest three in legos. So just 510 00:27:55.079 --> 00:27:57.039 to be clear those two legos. Are you saying we 511 00:27:57.039 --> 00:28:00.640 should invest in their legos or invest in only live 512 00:28:00.720 --> 00:28:03.759 legos or do new ones? What would you where would 513 00:28:03.759 --> 00:28:04.079 you fall? 514 00:28:06.319 --> 00:28:08.759 I think we should spread our hands for that to 515 00:28:08.920 --> 00:28:10.480 the other parts of the country because if we look 516 00:28:10.519 --> 00:28:12.480 at it, even though you do not invest so much 517 00:28:12.480 --> 00:28:15.200 in the current parts in legos, they can if can 518 00:28:15.240 --> 00:28:18.920 you open some import portapots important and do it openly 519 00:28:19.000 --> 00:28:21.920 port in Calabar, I mean inland seaports, and maybe you 520 00:28:22.000 --> 00:28:23.799 go to where they're not dry a pot. 521 00:28:23.880 --> 00:28:25.759 It's going to reduce the pressure they want. 522 00:28:25.680 --> 00:28:28.680 The Legos fits, so the infrastructual there may be able 523 00:28:28.720 --> 00:28:31.240 to cooky with the other assistant from sister ports from 524 00:28:31.279 --> 00:28:32.000 other parts. 525 00:28:31.799 --> 00:28:34.680 Of the country. It's also going to make very good 526 00:28:35.079 --> 00:28:36.640 to the southern part. 527 00:28:36.440 --> 00:28:37.480 Of the AIA is here. 528 00:28:37.519 --> 00:28:39.960 It's also going to save our roads from the essensive 529 00:28:40.000 --> 00:28:42.920 movement of large trops on your road, destroying the road 530 00:28:42.960 --> 00:28:45.799 and you know, making the place not fit for purpose 531 00:28:45.839 --> 00:28:47.359 for smaller travelers on your road. 532 00:28:47.680 --> 00:28:49.960 And I wanted to make this talk about it before 533 00:28:49.960 --> 00:28:50.440 I hang. 534 00:28:50.359 --> 00:28:53.920 Clee, do you can you can you wrap your head there? 535 00:28:53.920 --> 00:28:57.559 I know somebody some people recently have started pacing the 536 00:28:57.880 --> 00:29:00.039 legal Calabar where somebody was saying. 537 00:28:59.799 --> 00:29:01.440 If if you've been. 538 00:29:01.319 --> 00:29:03.519 An ar road before, you content to pray for Tamable 539 00:29:03.559 --> 00:29:06.759 because it's the congested movement of you know, going to 540 00:29:06.799 --> 00:29:07.759 his own office. 541 00:29:07.440 --> 00:29:09.039 Within regods and legos as this. 542 00:29:09.640 --> 00:29:12.119 But I know to be a cad that there is 543 00:29:12.240 --> 00:29:16.240 no good root from Legos to a Buja. You cannot 544 00:29:16.240 --> 00:29:18.400 go on any good root. I'm talking about good room 545 00:29:18.440 --> 00:29:21.119 and Najeria's standard. You cannot travel on any good root 546 00:29:21.160 --> 00:29:24.599 from Legos to Abuja, the commercial cabetter and the national capital. 547 00:29:24.960 --> 00:29:27.640 There is no good route between Legos. 548 00:29:27.240 --> 00:29:30.200 To Protacles or a Protaco to none. 549 00:29:30.640 --> 00:29:33.000 You cannot pass. If you're going from a Budja to Protacle, 550 00:29:33.319 --> 00:29:35.759 you can not pass. From a door you can get, 551 00:29:35.759 --> 00:29:38.000 you cannot pass, and they do in the good there's 552 00:29:38.039 --> 00:29:40.920 no good root. You cannot pass Google and then the 553 00:29:41.480 --> 00:29:44.440 roots are not good as we speak today are one 554 00:29:44.440 --> 00:29:46.160 of the most importance. 555 00:29:46.400 --> 00:29:47.960 You know, city centers in Nigeria. 556 00:29:48.079 --> 00:29:50.039 No good root. You cannot travel on these roots. 557 00:29:50.200 --> 00:29:52.359 I'm not even talking about this again security, but I'm 558 00:29:52.359 --> 00:29:54.359 not talking about the quality of the root. 559 00:29:54.839 --> 00:29:56.440 Can you wrap your head is yeah? 560 00:29:56.440 --> 00:30:00.200 Any way you can justify living, you know, putting is 561 00:30:00.240 --> 00:30:00.720 three roots. 562 00:30:00.720 --> 00:30:04.400 I mentioned Legos to Sorry. 563 00:30:04.240 --> 00:30:07.559 Legos to Abuja to Protact and even to Protact to 564 00:30:07.680 --> 00:30:09.640 Legos via the East West Room. It is also not 565 00:30:09.720 --> 00:30:13.559 passive by my way because my community is along alonger access. 566 00:30:14.079 --> 00:30:18.680 Is there any justification in your mind why additions should 567 00:30:18.680 --> 00:30:21.880 not be paid on building a proper route from Legos 568 00:30:21.920 --> 00:30:25.519 to Abuja and Abuja to Protacto or protact to Legos 569 00:30:25.759 --> 00:30:28.640 and then channeling trigions of Nigeria to open up. 570 00:30:28.759 --> 00:30:30.440 Legos to Calabaca. 571 00:30:30.519 --> 00:30:32.759 It just is there anyway makes sense to you, I 572 00:30:32.759 --> 00:30:33.240 would like to. 573 00:30:33.920 --> 00:30:36.720 Look at it this way, right. So, the most important 574 00:30:36.920 --> 00:30:41.079 economic coluse in Nigeria is the east to West trade route, 575 00:30:41.160 --> 00:30:43.880 the east to West trade route, and the British do 576 00:30:43.960 --> 00:30:46.960 not build east anything East to West. The British built 577 00:30:47.160 --> 00:30:49.920 not to start because they were exporting. So you have 578 00:30:50.079 --> 00:30:54.319 Cano to Legos railway, you have Maju Gride to Protacot railway. 579 00:30:54.319 --> 00:30:56.519 They are exporting everything out of the port. We're not 580 00:30:56.559 --> 00:30:59.599 interesting intra trade of Nigeria. But if you connect the 581 00:30:59.640 --> 00:31:02.279 east to West, your trade and your GDP goes up 582 00:31:02.319 --> 00:31:07.039 because now you're connecting the economic bells in that southern area, 583 00:31:07.119 --> 00:31:10.000 the ports where there's a lot of commerce. That's why 584 00:31:10.039 --> 00:31:13.559 we have what's called the East to West road. It's 585 00:31:13.599 --> 00:31:15.720 been it's one of the longest perks we've had in 586 00:31:15.799 --> 00:31:20.960 Nigeria to connect the Legos ports to the ports of 587 00:31:21.480 --> 00:31:26.759 Dull Worry, arithmetic Alabat We then spurs to the Eastern States. 588 00:31:27.039 --> 00:31:29.839 It is the longest, one of the longest person has done. 589 00:31:29.920 --> 00:31:33.920 It's not been completed. My issue with the new Coastal 590 00:31:34.039 --> 00:31:37.039 Road is that it's a duplication of that East West Road. 591 00:31:37.480 --> 00:31:41.759 It's already existing. If they have focused on built on 592 00:31:42.279 --> 00:31:45.079 completing the East West Road, then they would have done it. 593 00:31:45.599 --> 00:31:47.640 What they've done with the Coastal Road is to start 594 00:31:47.680 --> 00:31:52.000 the Coastal Road now from from Lecky right and then 595 00:31:52.039 --> 00:31:54.079 to have a new road, which is which is fantastic. 596 00:31:54.119 --> 00:31:56.359 That new road is fantastic to it to sort of 597 00:31:56.599 --> 00:32:00.559 open up the transportation in Legos, bring more productivity in Legos. 598 00:32:00.559 --> 00:32:03.559 To go from Legos all the way to Uguan state 599 00:32:03.759 --> 00:32:06.519 that person is on. You can't fault it. It helps 600 00:32:06.759 --> 00:32:10.000 productivity in the state of Legos. The problem is sent 601 00:32:10.119 --> 00:32:14.200 that road as Lecky to Calabar Road. I've made a 602 00:32:14.240 --> 00:32:16.559 tweet before that that road can get company in ten years. 603 00:32:16.559 --> 00:32:20.119 People are coming up and saying, oh, it's a bad Caramera. 604 00:32:20.279 --> 00:32:20.319 No. 605 00:32:21.079 --> 00:32:23.240 If you go ever have the time to go on 606 00:32:23.279 --> 00:32:25.880 the East to West road, it's a lot of bridges 607 00:32:26.640 --> 00:32:29.920 from Legos. Legos itself is a swamp. Remember if you 608 00:32:30.000 --> 00:32:34.440 know Legos very well from Exxonmobile that was all swamp 609 00:32:35.200 --> 00:32:37.480 and it's this swamp and you're gonna get from Legos 610 00:32:37.599 --> 00:32:41.839 Old Way to Calibar, So you're gonna build nearly fifty bridges. 611 00:32:41.880 --> 00:32:45.079 If you're gonna go from Legos Old Way to Caliber 612 00:32:45.359 --> 00:32:48.519 fifty at the minimum, you've never got to Naga Delta. 613 00:32:48.559 --> 00:32:52.920 It's called Delta. The name is Delta. Google what delta means. 614 00:32:53.599 --> 00:32:55.799 So you either have to That's why the East West 615 00:32:55.880 --> 00:32:58.960 Road did not go to the Delta. It stayed inland 616 00:32:59.079 --> 00:33:01.799 to reduce the amount of bridges that they would build. 617 00:33:02.240 --> 00:33:03.640 So I think that's the only problem I have with 618 00:33:03.720 --> 00:33:05.440 this is to where should the honest is speaking that 619 00:33:05.680 --> 00:33:07.519 they are selling someone that's not going to be completed. 620 00:33:07.599 --> 00:33:09.440 There is no way you're going to build this road 621 00:33:09.559 --> 00:33:13.279 in ten years. It's just not possible because the number 622 00:33:13.319 --> 00:33:15.440 of bridges that we've done. But in terms of the 623 00:33:15.519 --> 00:33:18.319 Legos access, the one they built from Lekki to the 624 00:33:18.359 --> 00:33:21.440 border of Ugan State makes perfect sense. It's helped productivity 625 00:33:21.480 --> 00:33:23.599 in Legos. But they shouldchange to take the money and 626 00:33:24.039 --> 00:33:26.920 complete the East to West road and like you said, 627 00:33:26.920 --> 00:33:30.400 also complete the existing road. The most important roads in 628 00:33:30.480 --> 00:33:33.920 Nigeria are also those roads that take Rice from Kebby 629 00:33:34.440 --> 00:33:36.920 all the way back to Legos, back to Portaga. How 630 00:33:36.960 --> 00:33:40.720 you reduce inflation If there's food cheaper in the cities, 631 00:33:40.960 --> 00:33:43.519 then of course food inflation faults and fully is expensive. 632 00:33:43.559 --> 00:33:47.039 Not because we don't have harvests, but the productivity to 633 00:33:47.079 --> 00:33:50.519 move those harvests from the fields to the cities is absent. 634 00:33:50.599 --> 00:33:52.680 So gos. But I hope I answered the question from 635 00:33:52.720 --> 00:33:55.440 the right way in that right perfect Let's go to 636 00:33:55.640 --> 00:33:57.799 ad dealer. A dealer, you've got the floor. Go ahead, 637 00:33:57.799 --> 00:34:01.200 sir Gospel, thanks so much for that question. A dealer, 638 00:34:01.599 --> 00:34:06.079 Auto dealer, you've got the floor. Auto dealer, let's get 639 00:34:06.079 --> 00:34:09.480 are your DJ hey ID six six foot three inches? 640 00:34:09.519 --> 00:34:11.320 Is that's what it means? I use six foot three inches. 641 00:34:11.320 --> 00:34:11.880 I dig. 642 00:34:15.360 --> 00:34:20.400 I a dig going once, going twice. Bology are you doing? 643 00:34:21.519 --> 00:34:22.079 I'm fine? 644 00:34:22.599 --> 00:34:29.920 Please go ahead, so I will fixed. I will fix 645 00:34:30.000 --> 00:34:32.000 your audio, fix your order, and don't give me toms 646 00:34:32.000 --> 00:34:33.639 on a back. Fix your order and give me ms 647 00:34:33.679 --> 00:34:40.159 of a back. Bollogy, please go ahead, bology bog Okay, 648 00:34:40.199 --> 00:34:44.480 I can, yes, I can say, go. 649 00:34:44.440 --> 00:34:50.639 Ahead, okay. Thank you for what's in this space. This 650 00:34:50.719 --> 00:34:53.639 is very interesting topic. 651 00:34:54.480 --> 00:34:54.679 Yeah. 652 00:34:54.840 --> 00:34:58.760 Well, I will like to because personally, for me, I'm 653 00:34:58.920 --> 00:35:04.039 kind of person I like to under issue from the 654 00:35:05.360 --> 00:35:09.519 from I think critically about an issue, then kind of 655 00:35:10.159 --> 00:35:13.440 under it from the roots. I think we we have 656 00:35:13.480 --> 00:35:17.760 a fundamental problem in Nigeria which is actually. 657 00:35:18.599 --> 00:35:21.639 Causing a big issue for us. 658 00:35:21.880 --> 00:35:25.400 Although it's a political issue and I know I don't 659 00:35:25.400 --> 00:35:27.360 know how we can go about it, but I believe 660 00:35:27.360 --> 00:35:30.480 that until we are able to sort out things like that, 661 00:35:31.000 --> 00:35:34.719 but I'm not able to get out of the quagma 662 00:35:34.800 --> 00:35:39.039 that we are. For example, our political system is actually 663 00:35:39.079 --> 00:35:43.000 well actually brought up these kind of issues that we're having, 664 00:35:43.599 --> 00:35:48.960 for example, like the further character issue that if you 665 00:35:49.119 --> 00:35:52.559 want to have an efficient system, it should not be 666 00:35:52.599 --> 00:35:54.320 having it's a problem. 667 00:35:54.360 --> 00:35:57.199 From the end of it. 668 00:35:58.320 --> 00:36:04.559 I can hear him, You can hear him. You can 669 00:36:05.079 --> 00:36:08.119 let me ask somebody else anana. Can you hear Can 670 00:36:08.119 --> 00:36:12.079 you hear bology? Just asking? Can you hear boog? Can 671 00:36:12.079 --> 00:36:14.400 anybody hear apology? 672 00:36:15.199 --> 00:36:17.000 That's okay? 673 00:36:17.079 --> 00:36:17.599 Can you hear me? 674 00:36:18.239 --> 00:36:18.400 Yes? 675 00:36:20.159 --> 00:36:22.440 If you go out and come back, and I guess 676 00:36:22.440 --> 00:36:24.199 it's just you. If you log out and come back, 677 00:36:24.199 --> 00:36:26.719 you shop to him. But you go ahead, okay. 678 00:36:26.840 --> 00:36:30.400 So, as I was saying, when you have a system 679 00:36:30.480 --> 00:36:35.000 there is not efficient, so it creates a kind of 680 00:36:36.639 --> 00:36:40.280 lied to symptoms that you are going to be dealing 681 00:36:40.360 --> 00:36:45.199 with and eventually the overall productivity will every day. So 682 00:36:45.360 --> 00:36:49.400 because we have a system that things that to solve 683 00:36:49.440 --> 00:36:53.239 a particular problem, you need to create another way of 684 00:36:53.280 --> 00:36:56.400 fixing it, which for example, is like you are trying 685 00:36:56.440 --> 00:36:59.039 to fix a problem and that you are. This feral 686 00:36:59.119 --> 00:37:04.119 character idea is a way we are trying to balance out. Okay, 687 00:37:05.039 --> 00:37:08.920 this region is not have doing so much. Let us 688 00:37:09.440 --> 00:37:14.639 try to package ourselves and spread this thing out well 689 00:37:14.679 --> 00:37:16.639 in an if you look, for example, I'll give you 690 00:37:16.639 --> 00:37:20.320 an example of a private company. If you have a 691 00:37:20.400 --> 00:37:26.559 private company, as a business owner, you're expecting maximum performance 692 00:37:26.599 --> 00:37:31.880 from all your departments. You're not thinking of using your 693 00:37:33.280 --> 00:37:38.599 human resources to cover up the inefficiency of the production department. 694 00:37:39.360 --> 00:37:42.760 That's why we have issues that we have to Okay, 695 00:37:42.760 --> 00:37:46.519 look at so we need to design this. 696 00:37:46.679 --> 00:37:50.239 We need to look at the program and naginia from 697 00:37:50.280 --> 00:37:50.599 the root. 698 00:37:51.559 --> 00:37:55.880 This fair character issue is what is causing lop sided 699 00:37:55.960 --> 00:38:00.679 appointment here and there, and it's not bringing unit and whenever. 700 00:38:01.079 --> 00:38:02.800 Wherever you don't have unity, you're not. 701 00:38:02.760 --> 00:38:05.679 Going to make appropriate Yeah, but specific to specific to 702 00:38:05.800 --> 00:38:08.639 projects when I'm talking about it, maybe the employment like 703 00:38:09.119 --> 00:38:11.800 is it okay. Is it okay for the president to 704 00:38:11.840 --> 00:38:15.559 spend moneys five? Look at again, look at this point 705 00:38:15.920 --> 00:38:19.760 the Ministry of Aviation's budget. If you add that to 706 00:38:19.800 --> 00:38:23.639 the Ministry of Transportations budget, it is not up to 707 00:38:23.880 --> 00:38:27.440 what the president is spending on just one airport. The 708 00:38:27.719 --> 00:38:32.440 justification for the president that listen this is this is 709 00:38:32.440 --> 00:38:34.920 the Marquee Airport is the number one airport in terms 710 00:38:34.960 --> 00:38:38.199 of flight coming in, flight going out, import comedy imports 711 00:38:38.239 --> 00:38:40.840 going out, so we should invest that amount and that 712 00:38:40.840 --> 00:38:44.239 they are also going to be investment in other airports. 713 00:38:44.480 --> 00:38:47.000 So the question to you is that is are we 714 00:38:47.079 --> 00:38:50.000 okay spending seven hundred and twelve billion more than the 715 00:38:50.000 --> 00:38:54.079 budget of visional transport or one airport or should they 716 00:38:54.159 --> 00:38:56.360 be spread? I mean, okay, if you do it's spread, 717 00:38:56.400 --> 00:38:58.960 it won't spend seven hundred and twenty one airport. That's 718 00:38:59.000 --> 00:38:59.960 where I'm going to get you on. 719 00:39:02.559 --> 00:39:06.360 So I don't believe we should spend all that kind 720 00:39:06.360 --> 00:39:10.920 of amounts on a single airport. Because when I saw 721 00:39:11.000 --> 00:39:14.440 the news of spending that kind of amount on the 722 00:39:14.519 --> 00:39:19.239 event and somebody mentioned and newly built in the country 723 00:39:19.599 --> 00:39:23.719 in Asia, I think Techo International. 724 00:39:23.119 --> 00:39:23.920 Airport and. 725 00:39:25.920 --> 00:39:26.679 In Cambodia. 726 00:39:27.599 --> 00:39:27.800 Yeah. 727 00:39:27.880 --> 00:39:31.119 Yeah, the overall courset was really really I don't know, 728 00:39:31.719 --> 00:39:37.079 I'm more volume Diepo Airport is doing correctly. But like 729 00:39:37.159 --> 00:39:43.639 he rightly said, resources should be should be kind of issue. 730 00:39:43.639 --> 00:39:48.239 It should be spread around so that there could be 731 00:39:48.639 --> 00:39:51.400 every every part of the country would be able to 732 00:39:51.519 --> 00:39:55.559 grow organically instead of focusing. 733 00:39:55.079 --> 00:39:59.800 On one part of the country. And this brings me 734 00:39:59.840 --> 00:40:00.360 b back to. 735 00:40:02.039 --> 00:40:07.039 The initial point I made about the kind of policecar 736 00:40:07.119 --> 00:40:12.599 system we have in Nigeria and what it's always When. 737 00:40:12.440 --> 00:40:16.400 Warri was in government, Warri was like it. 738 00:40:16.400 --> 00:40:19.159 Looks to a part of the country like Okay, Barr 739 00:40:19.360 --> 00:40:22.519 is doing things for himself and it's people. 740 00:40:22.559 --> 00:40:24.440 He's doing it for the northern people. 741 00:40:24.480 --> 00:40:27.800 We've had we had this system Nigeria has been in 742 00:40:27.960 --> 00:40:34.079 existence from nineteen sixty. If we look at whether the 743 00:40:34.079 --> 00:40:38.440 democratic government or military government, it has always been like Okay, 744 00:40:38.760 --> 00:40:43.039 whoever is in position would focus on one area. 745 00:40:44.199 --> 00:40:46.199 For example, the military guys, they. 746 00:40:46.760 --> 00:40:51.039 Located the most of the prastructor of the country. 747 00:40:52.519 --> 00:40:53.039 In the north. 748 00:40:53.480 --> 00:40:58.119 I'm talking about the defense and the security in prastructors. 749 00:40:58.760 --> 00:41:02.119 Now it's as a is in government, the same thing 750 00:41:02.239 --> 00:41:02.760 is happening. 751 00:41:03.159 --> 00:41:08.079 It's focusing on one region, may not one region, but 752 00:41:08.800 --> 00:41:13.400 it's always been on our region. So it's like you said, 753 00:41:13.519 --> 00:41:15.599 it's not supposed to be, and I agree with you 754 00:41:15.679 --> 00:41:19.440 that it is not supposed to be, but we're saying 755 00:41:19.480 --> 00:41:21.840 that it's not supposed to be. I don't believe it's 756 00:41:21.840 --> 00:41:26.840 going to sort anything, because the fundamental issue. 757 00:41:26.639 --> 00:41:28.239 Is always going to be there. 758 00:41:28.639 --> 00:41:32.360 I believe that if we have any body from any 759 00:41:32.400 --> 00:41:35.679 part of the country again now that part that that 760 00:41:35.800 --> 00:41:40.440 person likely, even if that person doesn't want to do it, 761 00:41:40.639 --> 00:41:44.960 the people suppose surrounding him will probably give him. 762 00:41:44.880 --> 00:41:48.320 That idea that that's that's a good point to your bridge, 763 00:41:48.360 --> 00:41:50.239 that the next guy that is going to come to night, 764 00:41:50.360 --> 00:41:53.519 he will simply pass a budject of ten Nira and 765 00:41:53.559 --> 00:41:55.840 then put the whole budjet in the fund that he 766 00:41:55.880 --> 00:41:56.679 would control. 767 00:41:57.119 --> 00:42:01.840 Yeah, it looks like a pattern now, and he's generating 768 00:42:02.000 --> 00:42:05.159 a lot of distrust around us. 769 00:42:05.199 --> 00:42:06.800 And like a. 770 00:42:08.719 --> 00:42:11.880 Speaker that suppoke before me, he said that, okay, he 771 00:42:12.039 --> 00:42:14.760 mentioned one line of thoughts, and I don't want to 772 00:42:14.960 --> 00:42:17.000 I don't know if he could be right or wrong, 773 00:42:17.119 --> 00:42:19.239 but he said that, Okay, we don't even know what 774 00:42:19.400 --> 00:42:22.840 these guys are planning. Maybe they're planning to get out 775 00:42:22.840 --> 00:42:23.440 of Nigeria. 776 00:42:23.480 --> 00:42:25.199 That's why they're doing all these things. 777 00:42:25.360 --> 00:42:29.639 You see, he's already generating a kind of distrust in 778 00:42:30.000 --> 00:42:31.079 the entire federation. 779 00:42:31.960 --> 00:42:33.199 His question is. 780 00:42:33.239 --> 00:42:36.880 Right, it's actually right to ask that kind of question. 781 00:42:37.039 --> 00:42:43.599 But now imagine somebody from another origional gets into power. 782 00:42:44.360 --> 00:42:47.360 That would be even if in his mind he doesn't 783 00:42:47.400 --> 00:42:49.800 want to do that kind of thing, that would be 784 00:42:49.840 --> 00:42:56.440 the suggestion that would be presented to him and advice 785 00:42:56.519 --> 00:42:57.840 that would be given to him. 786 00:42:57.920 --> 00:43:00.360 That's what he will be thinking. Okay, let me into this, 787 00:43:00.639 --> 00:43:01.159 my people. 788 00:43:02.440 --> 00:43:04.719 I appreciate that. Yeah, I mean, I mean that's the 789 00:43:04.760 --> 00:43:07.519 point again, you know, the pastest precedent, you know, like 790 00:43:08.320 --> 00:43:13.280 when Harry did started this, and now it's been super charged. 791 00:43:13.440 --> 00:43:15.440 Who knows what the other guy will do whatever, I 792 00:43:15.480 --> 00:43:18.079 will stop it, or I will also supercharge it and 793 00:43:18.119 --> 00:43:19.920 create it. It is on the phone to go more this. 794 00:43:20.440 --> 00:43:23.079 Let me go back to you. Have you fixed that audio? 795 00:43:23.320 --> 00:43:27.639 Let's have you go ahead? Can yes? I can swer 796 00:43:27.719 --> 00:43:30.199 go ahead? 797 00:43:29.199 --> 00:43:33.400 So I agree with everyone. My name is Michael. 798 00:43:33.400 --> 00:43:37.840 And so he got a new topic and I'm talking. 799 00:43:37.559 --> 00:43:41.840 About it as such a spending a character. So I 800 00:43:41.880 --> 00:43:44.559 won't say there's there's. 801 00:43:44.519 --> 00:43:48.559 Bias, there's answer bias like the most investments going to 802 00:43:48.679 --> 00:43:52.920 the sad waste with John and both considering what I've 803 00:43:52.960 --> 00:43:57.400 read online because normally follow news on two dates. 804 00:43:58.599 --> 00:44:04.840 On the loan the Presidency get from I don't really 805 00:44:04.880 --> 00:44:06.920 get it loan from, but I think from. 806 00:44:06.719 --> 00:44:13.280 Different banks, from all banks and things. So and I 807 00:44:13.280 --> 00:44:16.440 think the START was able to get three billions for 808 00:44:16.480 --> 00:44:16.840 the RIVERA. 809 00:44:16.920 --> 00:44:19.559 I don't know if that is true, but I saw 810 00:44:19.559 --> 00:44:23.639 something like that and I saw whether I was just 811 00:44:23.639 --> 00:44:26.559 following the they really wanted to spend the money. But 812 00:44:27.119 --> 00:44:29.239 is more of the money was concentrated in the START 813 00:44:29.320 --> 00:44:29.840 West region. 814 00:44:30.599 --> 00:44:32.920 Yeah, it's it's a lot of bits of the only 815 00:44:33.039 --> 00:44:35.239 only give you what I do want. I did my 816 00:44:35.480 --> 00:44:42.199 research on the Renewed Hope in first Structured Development Fund 817 00:44:42.800 --> 00:44:46.880 about five projects here the Legos Airport seven hundred and 818 00:44:46.920 --> 00:44:49.920 twelve billion. They are doing other airport, but what they 819 00:44:49.920 --> 00:44:51.920 have and now that they want to do seven hundred 820 00:44:51.960 --> 00:44:54.639 and that has been approved by the Projective Council. That 821 00:44:54.760 --> 00:44:59.760 the Legals to Calorber Coastal Highway again south southwest. This 822 00:45:00.119 --> 00:45:04.320 go to the Badagar Expressway again southwest, the Legos to 823 00:45:04.440 --> 00:45:08.960 Cano Railway and of course the Eastern railway. That's what 824 00:45:08.960 --> 00:45:11.320 I'm referring to. So it's gonna be the Eastern railway. 825 00:45:11.679 --> 00:45:14.320 There's gonna be Legos to Conter railway. So it's a 826 00:45:15.079 --> 00:45:18.760 does my ma characters about seventy to thirty and the 827 00:45:18.840 --> 00:45:24.719 seventies not southwest. It's Legos again. If you add, if 828 00:45:24.760 --> 00:45:27.400 you add the two billions, there's a two billion that 829 00:45:27.480 --> 00:45:31.159 is going to go to the light railing Legos. So 830 00:45:31.239 --> 00:45:34.760 there's two billion. Yeah, this is dollars, not naira. Two 831 00:45:34.760 --> 00:45:38.199 billion dollars about three point two trillion for the Legos 832 00:45:38.320 --> 00:45:40.840 light trail. I assume Legos light trail was funded by 833 00:45:40.880 --> 00:45:44.199 the Legos government all this while. But then I'm going 834 00:45:44.239 --> 00:45:46.719 to get a bailout from the federal government for I 835 00:45:46.760 --> 00:45:50.000 mean they should because that rail. Of course, again it 836 00:45:50.119 --> 00:45:55.559 improves productivity in Legos. Legos is a commercial capital of Nigeria, 837 00:45:55.679 --> 00:45:58.280 so I get the economic side of it. I'm not 838 00:45:58.360 --> 00:46:02.239 against it. I am saying do the same in other regions. 839 00:46:02.239 --> 00:46:05.440 The same place you got two billion for Legos to 840 00:46:05.519 --> 00:46:07.920 light trail, you can also get the same one billion 841 00:46:08.559 --> 00:46:11.480 for a light really important court or you completed light 842 00:46:11.559 --> 00:46:16.480 trail in that's my point. I'm not for cancel this one. 843 00:46:16.559 --> 00:46:18.920 I'm saying if we can get the money to do 844 00:46:18.960 --> 00:46:21.519 all this in one state, then we have the money 845 00:46:21.559 --> 00:46:24.599 to do it in other states. So I did you 846 00:46:24.639 --> 00:46:26.880 know that's the data I have? 847 00:46:27.000 --> 00:46:33.239 Yeah, okay, okay, I get makes sense for you. It 848 00:46:33.320 --> 00:46:37.840 makes sense absolutely, all right. Let's and one wanting and 849 00:46:39.400 --> 00:46:44.719 because the pots and the deepsy pots. Yeah, but I'm 850 00:46:44.760 --> 00:46:48.920 thinking that in states can also and collectively and maybe 851 00:46:49.039 --> 00:46:53.239 regions and politically and then maybe the further government can. 852 00:46:53.800 --> 00:46:54.360 Like push it. 853 00:46:54.760 --> 00:46:57.239 Maybe when the state government and the governments maybe of. 854 00:46:57.400 --> 00:46:59.880 The particular region putdance together. 855 00:47:00.119 --> 00:47:03.119 You fail, the government can look into it and push them. 856 00:47:03.719 --> 00:47:07.880 You are correct, You're very correct. The Legos Deep Sea 857 00:47:07.960 --> 00:47:12.280 Port is a private sector port by private sector guys 858 00:47:12.320 --> 00:47:14.480 in the rama. The guys that do the windles and 859 00:47:14.559 --> 00:47:16.400 all that, they are ones that didn't own that port, 860 00:47:16.559 --> 00:47:19.880 but the partnered with Lego States, so Lego City has 861 00:47:19.920 --> 00:47:23.440 twenty percent equiting that port. But it's a private sector port. 862 00:47:23.840 --> 00:47:26.400 Then of course, because Nigerian government is the one all 863 00:47:26.920 --> 00:47:30.119 middle that owns ports, NP is also there, so it's 864 00:47:30.199 --> 00:47:34.519 an federal state and private sector. Aquir Bomb is also 865 00:47:34.599 --> 00:47:37.480 doing a deep sea port an Aquibum has the money 866 00:47:37.559 --> 00:47:39.880 to build that deep seaport. So you wonder how Aquibum 867 00:47:39.960 --> 00:47:43.280 has not been able to fast track their own deep sepport. 868 00:47:43.360 --> 00:47:46.440 You can't blame Legos. You know, they may to fast 869 00:47:46.519 --> 00:47:49.960 track their port before and we became president and build it. 870 00:47:50.639 --> 00:47:53.559 So these states that have natural I think it's at 871 00:47:53.840 --> 00:47:56.960 a back or so deep sea port. It's a natural harbor. 872 00:47:57.320 --> 00:47:59.960 They have the money obviously, so you want to ask 873 00:48:00.079 --> 00:48:02.159 why they are not, you know, focusing on getting that 874 00:48:02.239 --> 00:48:04.800 deep sea pot off the ground. Idegity, But good point there. 875 00:48:05.400 --> 00:48:07.679 Let me get on, Nana. I do thank you so much, Ananda, 876 00:48:07.760 --> 00:48:16.440 You've got the fanah I can hear. 877 00:48:16.559 --> 00:48:21.119 Yes, I'm doing everyone on. This has been a very 878 00:48:21.760 --> 00:48:24.519 one of the space. I love how you do everything. 879 00:48:25.920 --> 00:48:26.679 I want to say. 880 00:48:28.920 --> 00:48:31.840 It's just that. 881 00:48:33.840 --> 00:48:34.920 There is this thing. 882 00:48:37.639 --> 00:48:41.159 You gotta fix your audio. You gotta fix your audio. 883 00:48:45.599 --> 00:48:47.000 And I think that order to come back to me 884 00:48:47.079 --> 00:48:49.159 with your hands up right, let's do checker checker checker 885 00:48:49.280 --> 00:48:51.159 facts go ahead, and when you fix I would just 886 00:48:51.199 --> 00:48:53.199 give me your hands about you back checker go ahead. 887 00:48:54.760 --> 00:48:54.960 Yeah. 888 00:48:57.039 --> 00:49:01.039 You know my Drea for ships me sometimes and sometimes 889 00:49:01.079 --> 00:49:06.920 I'm thinking, is this by design? Is this geopolitical actors 890 00:49:07.360 --> 00:49:09.880 at play, because. 891 00:49:10.039 --> 00:49:15.400 Why in the hell are we spending money on refurbishing 892 00:49:15.480 --> 00:49:20.400 a damn airport when we don't have power. I don't 893 00:49:20.440 --> 00:49:23.440 care about anything else in this country. I don't know 894 00:49:23.519 --> 00:49:27.880 why everyone gaslights us and makes this thingm like us, Nigerians, 895 00:49:27.960 --> 00:49:30.280 we don't have a brain. If we want to be 896 00:49:30.360 --> 00:49:33.199 an industrialized first world nation, we need power. 897 00:49:33.400 --> 00:49:34.599 We don't need generators. 898 00:49:35.800 --> 00:49:37.800 We can blame state governments. 899 00:49:38.199 --> 00:49:39.039 We can do whatever we. 900 00:49:39.079 --> 00:49:42.440 Want to do, but we need help with distribution, we 901 00:49:42.519 --> 00:49:45.440 need help with transmission. It's almost as if we've given 902 00:49:45.559 --> 00:49:51.039 up on the power sector. It's weird, like we need 903 00:49:51.199 --> 00:49:52.039 roads and power. 904 00:49:52.119 --> 00:49:54.800 If I'm president, I will not do anything outside of 905 00:49:54.960 --> 00:50:00.239 power and roads. Not an airport, not an auditorium, not 906 00:50:01.519 --> 00:50:07.880 creating a presidential library, not nothing else, mattas in Nigeria, 907 00:50:08.360 --> 00:50:09.960 outside of creating power. 908 00:50:10.559 --> 00:50:12.639 And I have to just think to myself, is there's 909 00:50:12.639 --> 00:50:15.320 some kind of conspiracy going on? Because the same five 910 00:50:15.400 --> 00:50:16.760 thousand Maygols. 911 00:50:16.320 --> 00:50:17.880 We've been dragon since I with porn. 912 00:50:18.320 --> 00:50:19.400 It's what we're dealing with in. 913 00:50:19.480 --> 00:50:22.679 Twenty twenty five, and I guess nobody talks about it. 914 00:50:22.760 --> 00:50:26.280 We just talked about GMOs, talk about all this other nonsense. 915 00:50:26.800 --> 00:50:29.039 But we don't have lights and we have two hundred 916 00:50:29.199 --> 00:50:32.280 plus million people, you know, so I. 917 00:50:32.320 --> 00:50:34.079 Don't know what has to happen. 918 00:50:34.920 --> 00:50:39.519 I don't know why we are not allowed to generate 919 00:50:39.719 --> 00:50:42.800 more power and distribute more power than what we have now. 920 00:50:43.719 --> 00:50:46.800 I don't know why no state governments. 921 00:50:47.079 --> 00:50:50.199 It almost feels like whenever it's in the Blue transferred. 922 00:50:49.719 --> 00:50:52.199 The right to generate power to the states. 923 00:50:52.320 --> 00:50:55.280 It's almost as if he was gas lighting guests and saying, 924 00:50:55.480 --> 00:50:57.840 we're actually never going to try to fix power. Ever, 925 00:50:58.639 --> 00:51:01.920 I don't hear any update on this Semen's thing that's 926 00:51:02.039 --> 00:51:05.960 taking decades upon decades to complete. I don't see or 927 00:51:06.039 --> 00:51:09.440 hear about any improvement on the power sector. That's the 928 00:51:09.599 --> 00:51:16.800 only infrastructure that matters. Everything else matters the multiples, the 929 00:51:16.960 --> 00:51:20.599 economics multiples that can be derived from improving our power generation. 930 00:51:21.239 --> 00:51:25.880 It's obvious that our whole brain capacity, in our whole 931 00:51:27.199 --> 00:51:31.199 infrastructure budgets should be focused on generating power because that 932 00:51:31.440 --> 00:51:35.159 has the greatest multiples to grow our economy. 933 00:51:38.719 --> 00:51:40.320 The combat is going to be that we can chew 934 00:51:40.360 --> 00:51:43.079 them and walk at the same time. We can do power. 935 00:51:43.480 --> 00:51:43.960 We can't. 936 00:51:44.320 --> 00:51:47.599 We can't treat what we cannot. We can't treat governmental 937 00:51:47.800 --> 00:51:51.320 Sorry to job space. Sorry, I'm a little passionate. We 938 00:51:51.599 --> 00:51:55.519 we haven't proven that we can't do that. Let's start 939 00:51:55.559 --> 00:52:01.039 by chewing gum. We struggle, we're to go. We start 940 00:52:01.079 --> 00:52:04.760 bleeding with christ Sometimes we check and then sometimes we 941 00:52:04.880 --> 00:52:07.000 try to check them and walk over ourselves. 942 00:52:07.440 --> 00:52:10.079 Basic things we can't do. If I forget to go, 943 00:52:10.440 --> 00:52:11.280 can we just walk? 944 00:52:13.760 --> 00:52:16.639 I hear you you're talking about riding your bike? Which 945 00:52:16.719 --> 00:52:17.199 ba can we go? 946 00:52:17.360 --> 00:52:17.559 Which? 947 00:52:18.440 --> 00:52:22.639 Hey, it's frustrating how many manufactions have closed the Nigeria 948 00:52:23.360 --> 00:52:24.239 this year alone. 949 00:52:25.280 --> 00:52:27.719 Yeah, I mean, but again, let me come out to 950 00:52:27.719 --> 00:52:29.920 you with fact again. Like I read a report last 951 00:52:29.960 --> 00:52:32.440 week again to goo they deport next to us is 952 00:52:32.519 --> 00:52:36.880 now where cargo is diverting into Togo from America, from 953 00:52:37.000 --> 00:52:41.239 Russia and Nigera become the infrastructure decay in Nigeria. So 954 00:52:41.400 --> 00:52:45.599 this these investments are to prop up the logistics based 955 00:52:45.679 --> 00:52:48.199 in Nigeria. If we if we don't do it and 956 00:52:48.320 --> 00:52:50.440 we wait to fix power first, and everything's gonna go, 957 00:52:51.199 --> 00:52:53.480 so we will we can import our own stuff forget 958 00:52:53.639 --> 00:52:56.199 for us. Even were Nigeria are wanting podcasts or whatever, 959 00:52:56.800 --> 00:52:59.199 are gonna pay more for the bad infrastructure. So I 960 00:52:59.320 --> 00:53:01.039 hear you. We can walk and trigg them at the 961 00:53:01.039 --> 00:53:04.159 same time, but there has to be some investments done 962 00:53:04.199 --> 00:53:08.079 to at least, you know, sort of properly. What's your 963 00:53:09.000 --> 00:53:09.800 You're still don't agree. 964 00:53:09.840 --> 00:53:11.480 Why are we going to Why are we going to 965 00:53:11.599 --> 00:53:14.039 Togo when we just did a deep seaport and lakers 966 00:53:14.199 --> 00:53:15.599 and a laky deep seapport. 967 00:53:17.559 --> 00:53:20.960 Someone's gas lighting as niger Someone is just someone has 968 00:53:21.000 --> 00:53:22.199 missed with our intelligence. 969 00:53:22.400 --> 00:53:24.800 Not going to candel The Furias are going to to Goo. 970 00:53:25.079 --> 00:53:27.239 That's not the Nigeria. The Forias are going to to 971 00:53:27.360 --> 00:53:29.639 go to offloading to go and then to ship it 972 00:53:29.639 --> 00:53:31.519 into Nigeria than coming. 973 00:53:31.280 --> 00:53:33.880 To They're going to Togo instead of coming to Nigeria 974 00:53:34.000 --> 00:53:35.920 when we have a new deep seaport. 975 00:53:35.639 --> 00:53:39.320 Because the fastest in Togo are better and it's cheaper 976 00:53:39.440 --> 00:53:40.599 in Togo than Nigeria. 977 00:53:41.800 --> 00:53:45.960 It's better built. Just builty, We're just built it. 978 00:53:46.199 --> 00:53:48.840 That's what I didn't say, So I'm quoting. 979 00:53:48.599 --> 00:53:49.000 What you know. 980 00:53:49.199 --> 00:53:51.360 I know that's what you're quote to what they say. 981 00:53:51.480 --> 00:53:52.119 But I'm just like. 982 00:53:53.880 --> 00:53:57.159 Something that's let me bring in, let me bring in regenerated. 983 00:53:57.559 --> 00:53:59.199 You were saying, that's not it. Why are they going 984 00:53:59.239 --> 00:53:59.599 to to Goo. 985 00:54:00.199 --> 00:54:03.280 Sorry for interducing so so so, Nigeria doesn't. 986 00:54:03.000 --> 00:54:07.840 Have a box stations and every big that comes to 987 00:54:07.920 --> 00:54:09.840 Nigeria have to go on the feeling to go. 988 00:54:10.199 --> 00:54:10.559 That's what? 989 00:54:11.199 --> 00:54:11.239 What? 990 00:54:11.840 --> 00:54:12.000 What? What? 991 00:54:12.079 --> 00:54:12.119 What? 992 00:54:12.320 --> 00:54:14.360 What's book? What's that? 993 00:54:14.719 --> 00:54:17.440 What kind of We don't have a bunker station, a 994 00:54:17.519 --> 00:54:19.360 bunker station where we can failed. 995 00:54:19.440 --> 00:54:24.039 We don't refill our ship in Nigeria. That's the males. 996 00:54:24.519 --> 00:54:27.000 I don't know, I don't think. So are you saying 997 00:54:27.039 --> 00:54:29.519 that Togo has Now you said that Togo has something 998 00:54:29.599 --> 00:54:31.559 called bunkering in that Togo port. 999 00:54:32.119 --> 00:54:36.920 That has absolutely what is that bunk There is nowhere. 1000 00:54:36.559 --> 00:54:39.360 In the where you can fail refeel what. 1001 00:54:41.039 --> 00:54:42.119 We fill the diesel. 1002 00:54:42.199 --> 00:54:45.280 But to the big, to the big versil that comes 1003 00:54:45.320 --> 00:54:46.239 to Nigeria. 1004 00:54:46.679 --> 00:54:50.360 Togo has diesel to refill. I'm sorry, I'm not I'm 1005 00:54:50.599 --> 00:54:54.320 trying to learn. So you said Togo has Togo can 1006 00:54:54.440 --> 00:54:58.199 bunker the vessels are their port, but Nigeria cannot. 1007 00:54:58.960 --> 00:55:01.719 Okay, exact you can find you can find that house. 1008 00:55:02.039 --> 00:55:04.880 I will do some research. I don't know, but what 1009 00:55:05.440 --> 00:55:08.360 I know is Togo has been building this port specifically 1010 00:55:08.440 --> 00:55:11.800 for the Nigerian market and the tonnage that they offer 1011 00:55:12.159 --> 00:55:15.159 is more than Nigerian tonnage. They have more of these 1012 00:55:15.280 --> 00:55:18.639 overhead cranes than the Nigerian cranes. So apart from the 1013 00:55:18.760 --> 00:55:21.440 bank creen you're talking about, they've built a port to 1014 00:55:21.519 --> 00:55:26.239 take advantage of the inefficiencies in Nigerian port Togo. That's 1015 00:55:26.280 --> 00:55:29.119 what they've done, and the Russians have signed a deep 1016 00:55:29.519 --> 00:55:32.440 agreement with them. The Americans are also going there, so 1017 00:55:32.519 --> 00:55:35.039 I don't think it's just because they can bonker. I mean, 1018 00:55:35.079 --> 00:55:37.159 the deep sport is different from the Togo port. It's 1019 00:55:37.199 --> 00:55:39.480 on the sea show. The deep support is on the 1020 00:55:39.559 --> 00:55:42.639 high sea. This is the port in Togo and they 1021 00:55:42.679 --> 00:55:45.880 are saying that they preferred to go there. Some put 1022 00:55:45.920 --> 00:55:48.480 the report out I think it was who put the 1023 00:55:48.519 --> 00:55:50.119 report out on Twitter that said if you go to 1024 00:55:50.199 --> 00:55:54.480 Ghana you pay fifteen thousand dollars for your ship, but 1025 00:55:54.679 --> 00:55:57.719 niger is a one hundred and fifty thousand ERA per 1026 00:55:57.840 --> 00:56:02.239 ship to offload. We totally this week, So why would 1027 00:56:02.239 --> 00:56:04.679 anyone come to Nigeria and pay one hundred FO nine 1028 00:56:04.760 --> 00:56:07.119 when you can go to Ghana or fload and they 1029 00:56:07.280 --> 00:56:09.679 just highre nine one one truck and move to Nigeria 1030 00:56:09.800 --> 00:56:15.320 under the African Content Free trade agreement, so we're also expensive. 1031 00:56:15.360 --> 00:56:18.039 Same thing with our airport. If you're landing in our airport, 1032 00:56:18.159 --> 00:56:20.519 you pay more for landing tries than if you're land 1033 00:56:20.559 --> 00:56:23.880 in say Ghana, Bene or Togo and all that. So 1034 00:56:24.039 --> 00:56:28.360 it seems like we're pricing ourselves out of the markets region. 1035 00:56:28.400 --> 00:56:30.360 Do you have any any take on that or you 1036 00:56:30.400 --> 00:56:32.639 think it's just the epoch and we're not just prising 1037 00:56:32.679 --> 00:56:33.559 ourselves out as well? 1038 00:56:36.079 --> 00:56:40.039 Is it higher demand means the price will go up? No? 1039 00:56:40.119 --> 00:56:42.800 No, no, no, They're obviously doing more capacity than us. 1040 00:56:42.920 --> 00:56:46.559 Togo is doing more capacity than Legos, but they are 1041 00:56:46.719 --> 00:56:51.239 charging lower samething with Ghana, they are charging lower than 1042 00:56:51.400 --> 00:56:53.360 Nigeria Air and Sea. 1043 00:56:56.199 --> 00:56:58.559 Yes, I think that's exactly the reason. 1044 00:57:00.320 --> 00:57:03.079 Yeah, all right, so let's let's just move on. When 1045 00:57:03.119 --> 00:57:05.599 I do thank you? So wait, he did drop jarity. 1046 00:57:05.639 --> 00:57:07.400 What was your Did you want to have a comment 1047 00:57:07.440 --> 00:57:08.559 a pert from you? I know you came up, but 1048 00:57:08.599 --> 00:57:09.519 do you have a comment to make? 1049 00:57:11.159 --> 00:57:15.039 Yes, I want to have another new way of the reasoning. 1050 00:57:15.119 --> 00:57:16.559 And I think it's might look so. 1051 00:57:18.159 --> 00:57:22.480 Untrue because happened that I've seen, So this is kind 1052 00:57:22.480 --> 00:57:24.280 of I'm in the great I'm in the blue economy. 1053 00:57:24.320 --> 00:57:25.599 Space right. 1054 00:57:25.800 --> 00:57:28.519 I work closely with the founder of the Blue economy 1055 00:57:28.559 --> 00:57:32.679 in the world, professor Bulta Poling, And one of the 1056 00:57:32.760 --> 00:57:36.079 opportunities we should be looking at right away now is 1057 00:57:36.719 --> 00:57:39.679 I know they are trying to revive the Ajacuta for 1058 00:57:40.519 --> 00:57:44.679 steal production now, but I don't know at what points 1059 00:57:44.840 --> 00:57:49.239 we can quickly forget about it if sid initiated and 1060 00:57:49.400 --> 00:57:53.360 focus on building our own shipping industry, which I think 1061 00:57:54.000 --> 00:57:56.159 that's one of the core areas of the blue economy. 1062 00:57:56.199 --> 00:57:58.119 But people we argued as we are. 1063 00:57:58.039 --> 00:58:01.599 Not compete with advantage in terms of ship building and 1064 00:58:01.639 --> 00:58:03.480 and you are compared to developed country. 1065 00:58:04.239 --> 00:58:06.239 But there is a new. 1066 00:58:06.360 --> 00:58:10.239 Thinking globally in IMO focusing on the carbonation of the 1067 00:58:10.360 --> 00:58:14.199 shipping industry. And you're focusing on the inland and interstate 1068 00:58:14.360 --> 00:58:17.920 with more of regional ship not the bigger vessel at 1069 00:58:17.960 --> 00:58:20.559 the moment, So how do we the carbalizers. We are 1070 00:58:20.639 --> 00:58:26.679 not focusing on the battery or litheon or whatever shape, 1071 00:58:27.239 --> 00:58:30.320 but using hydrogen, which I think we have comparted the 1072 00:58:30.360 --> 00:58:35.760 advantage of most of our ten thousand kilometers away we haven't. 1073 00:58:36.000 --> 00:58:37.639 We have a carbon issue. 1074 00:58:41.360 --> 00:58:42.400 To carbon editions. 1075 00:58:43.480 --> 00:58:45.000 These people are trying community. 1076 00:58:44.800 --> 00:58:48.960 People, but I say how much do we let him him, 1077 00:58:49.039 --> 00:58:50.199 let him come in here. 1078 00:58:51.159 --> 00:58:52.880 We are coming there, I'm coming there. 1079 00:58:52.960 --> 00:58:55.920 So basically, when you look at the opportunity of the hydrogen, 1080 00:58:56.000 --> 00:58:58.000 if my looks is when I started a submission, it 1081 00:58:58.119 --> 00:59:01.360 might look like that. Oh it's looks on true right 1082 00:59:01.519 --> 00:59:06.559 or nonreil, but it's the reality of countries moving into that. 1083 00:59:06.960 --> 00:59:08.599 We'll talk about the climating. 1084 00:59:08.239 --> 00:59:10.559 But let's talk about the opportunities that we have here 1085 00:59:10.679 --> 00:59:13.880 and focusing on Nigeria in terms of what do we 1086 00:59:14.039 --> 00:59:18.639 need to do next. So imagine us unlocking our inland 1087 00:59:18.719 --> 00:59:22.239 water transportations. He talks about carrying nine one from to 1088 00:59:22.440 --> 00:59:24.960 Go past to whatever you want. 1089 00:59:24.800 --> 00:59:26.000 To pass through because of obitraation. 1090 00:59:26.599 --> 00:59:27.320 But I can tell you. 1091 00:59:27.360 --> 00:59:30.559 From to Go to Legos it's lesser than one hour 1092 00:59:30.719 --> 00:59:32.480 tective minutes by water. 1093 00:59:33.280 --> 00:59:35.360 So how do we look into that? From Legos to 1094 00:59:35.519 --> 00:59:37.639 Undo it's lesser than two. 1095 00:59:37.599 --> 00:59:38.960 Hours on top of water. 1096 00:59:39.639 --> 00:59:42.039 So how do we unlock all those opportunities? 1097 00:59:42.639 --> 00:59:42.800 Right? 1098 00:59:43.280 --> 00:59:47.280 Forget about the dredging. There are low draft vessels that. 1099 00:59:47.400 --> 00:59:50.360 Can carry passengers and goes of one point four drafts 1100 00:59:50.960 --> 00:59:54.159 right away that people have been started building. So if 1101 00:59:54.199 --> 00:59:59.559 you focus on reviving the Jacuta I'm focusing on making 1102 00:59:59.639 --> 01:00:03.320 more carbon fiber, which might we have most of nitive 1103 01:00:03.360 --> 01:00:06.760 present of the resources of making carbon fiber, which makes 1104 01:00:06.840 --> 01:00:08.639 it more comporied advantage. 1105 01:00:09.039 --> 01:00:10.960 We can along the inland. 1106 01:00:10.639 --> 01:00:15.679 And start picking goods from the bigger vessel and distributes 1107 01:00:15.960 --> 01:00:17.199 and what that's gonna happen. 1108 01:00:17.679 --> 01:00:18.280 You're going to have. 1109 01:00:18.599 --> 01:00:23.159 More opportunity coming in some inland ports and we are 1110 01:00:23.239 --> 01:00:25.880 going to have more jetties. When you have more jetties 1111 01:00:25.960 --> 01:00:29.119 and you focused on the hydrogen, you have new energies 1112 01:00:29.320 --> 01:00:34.039 that you're talking about infrastructure. JERMANEY is developing five mega out. 1113 01:00:33.920 --> 01:00:38.159 Of hydrogen for different countries. There's nothing stopping us from. 1114 01:00:38.159 --> 01:00:42.280 Having a concertion of partnership with GERMANEY. Look at Decidergy 1115 01:00:42.360 --> 01:00:45.239 place in the Niger data that have more of a 1116 01:00:45.320 --> 01:00:48.519 seawater and you put your hydrogen five megawat there and 1117 01:00:48.679 --> 01:00:54.000 you can produce shiplates with your own national ship whatever 1118 01:00:54.480 --> 01:00:56.840 or people can come and invest in that kind of industry. 1119 01:00:56.920 --> 01:00:58.079 That is the other way to go. 1120 01:00:58.639 --> 01:01:01.559 But makely that is from the other perspective of we 1121 01:01:01.719 --> 01:01:02.920 want to start working on. 1122 01:01:03.320 --> 01:01:04.960 Deep c in all this area. 1123 01:01:05.440 --> 01:01:09.480 It's not a completely advantage for bigger versus comsse. 1124 01:01:09.760 --> 01:01:12.199 I think there's a great point there. You're basically saying, listen, 1125 01:01:12.280 --> 01:01:14.199 it's sead of us chasing the deep sea that is 1126 01:01:14.360 --> 01:01:17.920 capital intensive, big, big, big, We can do more of 1127 01:01:18.039 --> 01:01:21.840 the inland bardges. We're saying, we're having German just sort 1128 01:01:21.880 --> 01:01:25.400 of where we get those bardges, move the continents into 1129 01:01:25.800 --> 01:01:29.400 going into worldy, into a nature on those bardges where 1130 01:01:29.440 --> 01:01:34.079 we will develop more inland ports than focusing on taking 1131 01:01:34.159 --> 01:01:36.280 a billion dollars to do a deep sea port or 1132 01:01:36.360 --> 01:01:40.639 taking one hundred million dollars to do twenty inland port. 1133 01:01:40.679 --> 01:01:42.840 I think it's a great idea you bring up and 1134 01:01:42.960 --> 01:01:46.000 again so I think I like that. Thanks for that suggestion. Also, 1135 01:01:46.079 --> 01:01:48.840 I did look up the Togo bunkering and you're right. 1136 01:01:49.719 --> 01:01:53.199 It says in Togo they are able to refuel these 1137 01:01:53.239 --> 01:01:56.639 big ships at sea. Togo can do that. Nigeria cannot. 1138 01:01:57.119 --> 01:02:01.280 Nigeria is amazing. So while we why are we the 1139 01:02:01.360 --> 01:02:04.920 giant of anything? If Togo is able to refuel ships 1140 01:02:04.960 --> 01:02:09.800 at sea, so Nigerian ships go to Togo to get refueled, 1141 01:02:11.039 --> 01:02:15.320 we don't have it. I'm amazed. And Nigera is walking 1142 01:02:15.400 --> 01:02:18.039 to become a hob. So we're trying to set up 1143 01:02:18.079 --> 01:02:22.239 our own m app R, which is Marine Petrol on 1144 01:02:22.320 --> 01:02:25.840 product retailer opperationis why don't we have this? We have 1145 01:02:26.079 --> 01:02:29.519 crude oil, we have an NPC. Why don't we have 1146 01:02:29.679 --> 01:02:32.880 this bunkering? Why is to go with no crude oil 1147 01:02:33.119 --> 01:02:34.199 having bunkering. 1148 01:02:33.880 --> 01:02:34.320 And we don't. 1149 01:02:34.360 --> 01:02:37.360 Do you have any idea regerative? 1150 01:02:37.880 --> 01:02:43.800 Why? Frankly speaking, I don't think I have much idea. 1151 01:02:43.840 --> 01:02:44.920 I just believe that it's. 1152 01:02:44.760 --> 01:02:48.119 At of coruptions right, we can do it, not just 1153 01:02:48.280 --> 01:02:52.239 intentional in terms of having additionality people. 1154 01:02:52.400 --> 01:02:56.559 From nineteen from nineteen sixty till to date. Absolutely we 1155 01:02:56.679 --> 01:03:00.239 can't have a bunkering thingy and Togo has it, to go, 1156 01:03:00.440 --> 01:03:03.519 next door has it, We don't have it. It doesn't 1157 01:03:03.599 --> 01:03:08.320 it doesn't strike anyone as weird. I mean, just google it, 1158 01:03:08.519 --> 01:03:10.800 just put I'll share it. Let me share it on 1159 01:03:11.239 --> 01:03:13.119 on Twite, on Twitter. I mean, it doesn't make any 1160 01:03:13.159 --> 01:03:15.719 sense to me. Maybe I need to do more work 1161 01:03:15.760 --> 01:03:17.480 on this. But why would they have it and we 1162 01:03:17.559 --> 01:03:20.079 don't have it and they don't even have crude oil? 1163 01:03:20.559 --> 01:03:21.239 Makes no sense? 1164 01:03:21.440 --> 01:03:23.960 But yeah, I think I have an idea. 1165 01:03:24.000 --> 01:03:26.639 Why share? Please? 1166 01:03:27.320 --> 01:03:31.039 I think it's in terms of priority, if very if 1167 01:03:31.079 --> 01:03:33.719 you visited to go. There's something special about to go. 1168 01:03:34.119 --> 01:03:35.239 I just have to go sometimes. 1169 01:03:35.320 --> 01:03:39.519 Last year, if you visit, you discovered that in Togo 1170 01:03:39.880 --> 01:03:44.400 most of the roads, these roads are tired. Most of 1171 01:03:44.480 --> 01:03:46.559 the rules are tacked. The major rules are tacked, but 1172 01:03:46.599 --> 01:03:51.000 the street roots are not tired. Anyone who took tests 1173 01:03:51.000 --> 01:03:53.280 to what I'm saying. The major rules are tired, but 1174 01:03:53.559 --> 01:03:56.280 all the truth in Lomit, the capital to are not tired. 1175 01:03:57.079 --> 01:03:59.880 Telling you that this will put priority above every other 1176 01:04:00.840 --> 01:04:02.119 Nike Nigeria. 1177 01:04:04.239 --> 01:04:08.480 Interesting, I mean, it's interesting. It's interesting though. Yeah, I'm 1178 01:04:08.519 --> 01:04:10.519 just thinkings at that. 1179 01:04:10.760 --> 01:04:13.320 If you go to the hospital, I was opportunity to 1180 01:04:13.400 --> 01:04:16.239 use all of the their public health care. I discovered 1181 01:04:16.280 --> 01:04:17.960 that if the finally, if we get there, everything you 1182 01:04:18.039 --> 01:04:21.239 see there are basic things from furnitures, the furnitures we 1183 01:04:21.400 --> 01:04:24.360 use back then in the eighties in Nigeria, those booting furnitures, 1184 01:04:24.480 --> 01:04:27.320 that is what doctors use, or the service at the 1185 01:04:27.400 --> 01:04:30.320 services you get there. You can't compare Tony. I think 1186 01:04:30.480 --> 01:04:33.000 it can compare with at least obviously we'll find you 1187 01:04:33.159 --> 01:04:36.760 in the world. So this will put they put parity 1188 01:04:37.239 --> 01:04:40.360 above every other thing. And that is the problem we 1189 01:04:40.480 --> 01:04:43.400 have in Nigeria. The question we should ask ourselves. Do 1190 01:04:43.480 --> 01:04:46.480 we want to be an industrialized nation or we just 1191 01:04:46.599 --> 01:04:50.000 want to plead to the glory because we want to 1192 01:04:50.039 --> 01:04:51.000 be an industrialization. 1193 01:04:51.119 --> 01:04:54.679 There are things we need to address. There are basic 1194 01:04:54.760 --> 01:04:55.880 things we need to address. 1195 01:04:56.400 --> 01:04:59.480 The way we spend for infrastructure and the way we 1196 01:04:59.599 --> 01:05:00.679 go about it's not the. 1197 01:05:00.679 --> 01:05:01.559 Way we should go about it. 1198 01:05:01.639 --> 01:05:03.880 It doesn't matter with the president because if you look 1199 01:05:03.920 --> 01:05:07.760 at in twenty fourteen when good Luck was the president, 1200 01:05:08.119 --> 01:05:12.480 most of the key infrastructure he invested in they are 1201 01:05:12.559 --> 01:05:16.360 not driven by economic modules and where it came repeated 1202 01:05:16.440 --> 01:05:18.800 the same thing and he's doing the same thing. 1203 01:05:19.639 --> 01:05:21.639 For those those who know the train. 1204 01:05:21.519 --> 01:05:28.800 That connects Abuja to card that projects it was funded 1205 01:05:28.920 --> 01:05:31.519 by a loan. But if you look at it the 1206 01:05:31.599 --> 01:05:34.559 economy that thing brings to Nigeria, it's little or nothing, 1207 01:05:35.320 --> 01:05:37.440 the dital or nothing. If we really want to if 1208 01:05:37.480 --> 01:05:40.760 you really want to do it, trade, we should do train, run, trail, 1209 01:05:40.840 --> 01:05:42.679 lies to wear they really matter. 1210 01:05:43.239 --> 01:05:46.000 You had, they will they will have the GDP. 1211 01:05:46.599 --> 01:05:49.719 If we want to build airports, the airports who have 1212 01:05:49.920 --> 01:05:53.119 ruled are enough because I remember when I used even 1213 01:05:53.199 --> 01:05:56.199 the same airport in Lomait. If you visit that airport 1214 01:05:56.239 --> 01:05:58.760 in Lomba. I think the efport you compared to Nigeria 1215 01:05:58.840 --> 01:06:01.199 with baby anybody has used that of a pible. 1216 01:06:02.000 --> 01:06:03.960 You can compare what you have in mail with what 1217 01:06:04.079 --> 01:06:05.320 you have in it. 1218 01:06:05.639 --> 01:06:09.039 Fortunately, even the same seaports they have in Lomo. 1219 01:06:09.119 --> 01:06:11.039 Nigeria's will have a priority. 1220 01:06:11.159 --> 01:06:11.559 Problay. 1221 01:06:12.480 --> 01:06:16.519 Our leaders don't invest in key things that has simulate 1222 01:06:16.639 --> 01:06:20.199 the economy with true money. But true money a way 1223 01:06:20.599 --> 01:06:21.880 we had the spending pro blayer. 1224 01:06:22.920 --> 01:06:24.079 I mean, I hear you. I mean if you look 1225 01:06:24.079 --> 01:06:26.000 at the reels, I always tell you that the reels 1226 01:06:26.039 --> 01:06:29.159 you see today were built by the British. The rail 1227 01:06:29.239 --> 01:06:33.039 lines today you see today from Legos to karen Amda, 1228 01:06:33.239 --> 01:06:37.400 Canoe Kapanchan, then Middle Gray back to Emo then back 1229 01:06:37.440 --> 01:06:40.400 to Port. But we're built by the British. Nigeria has 1230 01:06:40.480 --> 01:06:45.960 built the Canoe sorry to Carnal standard gauge, and then 1231 01:06:46.039 --> 01:06:49.719 we build the Attack to a Worry standard gauge and 1232 01:06:49.840 --> 01:06:52.599 the Legos to a bad On standard gauge. The Attack, 1233 01:06:52.679 --> 01:06:55.559 by to your Warrior standard gage is a bridge or 1234 01:06:55.599 --> 01:06:58.119 a reel to nowhere is not. It doesn't connect to 1235 01:06:58.360 --> 01:07:01.199 any real network in Nigeria. It's just in the middle 1236 01:07:01.239 --> 01:07:03.480 of Nigeria doing nothing because it wasn't supposed to be 1237 01:07:03.519 --> 01:07:07.079 a commercial really, but like you said, we we did 1238 01:07:07.159 --> 01:07:09.320 it because of politics. We wanted to score a wain, 1239 01:07:09.480 --> 01:07:13.320 so we developed that railway, ignored the other one, and 1240 01:07:13.679 --> 01:07:15.679 here we are. But I see find it strange just 1241 01:07:15.760 --> 01:07:18.559 to go back to this Togo thing that n NPC. 1242 01:07:19.599 --> 01:07:22.039 We have shell, we have eggs on, we have the 1243 01:07:22.199 --> 01:07:25.360 port in Legos. We're the largest economy in Africa. We 1244 01:07:25.480 --> 01:07:27.880 didn't have this bonkering thing. I mean, I just shared 1245 01:07:28.000 --> 01:07:29.880 what I saw on social Maybe somebody will have a 1246 01:07:30.000 --> 01:07:33.440 better explanation. But on social media, I just asked grow 1247 01:07:33.599 --> 01:07:36.480 it's a compliment. We don't have it, I put on Twitter. 1248 01:07:36.639 --> 01:07:38.079 So if we don't have, what are we doing with 1249 01:07:38.159 --> 01:07:40.880 the money? Is said, there's no planning. We don't know 1250 01:07:41.079 --> 01:07:45.480 that ships need fuel to go out. I'm not not 1251 01:07:45.599 --> 01:07:47.840 an expert here, but I'm just it's strange to me 1252 01:07:47.960 --> 01:07:51.800 that small Togo can think outside the box and we 1253 01:07:52.000 --> 01:07:54.679 don't with n NPC and the rest. It's strange to me. 1254 01:07:55.440 --> 01:07:59.519 Modest too, How are you doing, sir? Yeah? What's he 1255 01:08:00.079 --> 01:08:00.440 about it? 1256 01:08:01.400 --> 01:08:04.360 Yes, I've been listening from the beginning. I think on 1257 01:08:04.480 --> 01:08:07.519 that particle, I issued. I will go a little bit 1258 01:08:07.599 --> 01:08:13.599 more controversial. It's about the JV agreement we have. Sometimes 1259 01:08:13.800 --> 01:08:17.399 when you have this sut of agreements, you know, in 1260 01:08:17.520 --> 01:08:21.920 chype of your obstreme sector, those who have priorities, they 1261 01:08:21.960 --> 01:08:23.119 shift the authorities where. 1262 01:08:23.000 --> 01:08:25.319 They want and you don't have anything. 1263 01:08:25.600 --> 01:08:26.000 I mean. 1264 01:08:27.399 --> 01:08:31.760 Just the career around for example, all the things that 1265 01:08:31.880 --> 01:08:37.960 they put into refining, grilling, every equipment, every missionary. It's 1266 01:08:38.000 --> 01:08:41.680 made in their country from beginning to end, top to bottom. 1267 01:08:42.479 --> 01:08:46.399 You know, they even do more advanced off in the 1268 01:08:46.479 --> 01:08:49.640 oil industry because they are in charge. But if you 1269 01:08:49.800 --> 01:08:53.119 have to pay somebody to bring that your oil, I mean, 1270 01:08:53.600 --> 01:08:57.640 it's so funny. Sometimes we haven't even I don't think 1271 01:08:57.680 --> 01:08:58.880 I want National Assembly has. 1272 01:08:58.840 --> 01:09:01.640 Even talked about it even for one day. 1273 01:09:02.560 --> 01:09:03.000 That's you. 1274 01:09:03.960 --> 01:09:05.960 It's that, um, you have a good in your fam 1275 01:09:06.920 --> 01:09:09.079 and then somebody come and tell you, oh, no, I 1276 01:09:09.239 --> 01:09:10.840 know you have a good in die your family. 1277 01:09:11.119 --> 01:09:11.600 Don't worry. 1278 01:09:11.600 --> 01:09:13.319 I will help you bring it out and then I 1279 01:09:13.359 --> 01:09:16.239 will refine it and then we can share because and 1280 01:09:16.359 --> 01:09:19.520 then the person will layer all the expenses on bringing 1281 01:09:19.560 --> 01:09:21.840 it out and saling it for you, and then at 1282 01:09:21.840 --> 01:09:24.000 the end it tells you, oh, we made only one 1283 01:09:24.079 --> 01:09:28.960 thousand and we share its sixty forty. That's where we are, 1284 01:09:29.279 --> 01:09:32.319 you know, it's so painful, but that's where we are, 1285 01:09:32.840 --> 01:09:34.520 and we have been on that journey for the past 1286 01:09:34.560 --> 01:09:38.600 seventy years. It doesn't make any sense at all, but 1287 01:09:38.760 --> 01:09:42.600 that's where we are. And sometimes we ask for magics, 1288 01:09:42.800 --> 01:09:45.039 you know, we ask for theatrics, and then we look 1289 01:09:45.119 --> 01:09:48.600 at we can't even link our energy policy into one policy. 1290 01:09:50.039 --> 01:09:52.079 All these things we're talking about is supposed to be 1291 01:09:52.199 --> 01:09:55.680 one policy, one energy policy. 1292 01:09:55.760 --> 01:09:58.359 That's what it is. But we can't do that. And 1293 01:09:58.720 --> 01:10:02.880 it's the total peopleeople know that they rely on Nigeria. 1294 01:10:03.119 --> 01:10:05.680 They don't have any market, they know, and then they 1295 01:10:05.720 --> 01:10:08.319 look for loophos into our system and then they plug 1296 01:10:08.399 --> 01:10:11.560 into it so that they can sustain themselves as a country, 1297 01:10:11.600 --> 01:10:12.640 as a viable country. 1298 01:10:13.600 --> 01:10:15.840 When you say America said we want to we want 1299 01:10:15.880 --> 01:10:18.800 to batter our ship in Togu, what does it tell you? 1300 01:10:19.800 --> 01:10:22.399 And the problem is that there our people are sitting 1301 01:10:22.479 --> 01:10:24.600 down there and there shouting on our mandate, which are 1302 01:10:24.640 --> 01:10:27.800 stand nobody none of them is thinking about that humiliation, 1303 01:10:29.079 --> 01:10:33.560 that accumulation that somebody tells you, you know that I'm 1304 01:10:33.600 --> 01:10:37.119 going to go to little Togu because you cannot do this. 1305 01:10:37.600 --> 01:10:40.760 I mean, it isn't broken just putting fuel in the ship. 1306 01:10:40.800 --> 01:10:42.560 I mean it's a big world, but it's just putting 1307 01:10:42.840 --> 01:10:43.199 the ship. 1308 01:10:44.000 --> 01:10:46.680 It doesn't even I'm looking at the symbolism and the principles. 1309 01:10:47.319 --> 01:10:49.640 It's not even the issue of that is you know, 1310 01:10:49.760 --> 01:10:51.479 you can't even bring. 1311 01:10:51.439 --> 01:10:55.640 Yourself to understand it that that is what it is, 1312 01:10:55.760 --> 01:10:59.239 that little Tobo can hold a national security issue against 1313 01:10:59.319 --> 01:11:03.600 us because it makes no perfect sense. It makes no 1314 01:11:03.680 --> 01:11:06.479 sense at that even if we need to import some 1315 01:11:06.720 --> 01:11:09.479 ammunitions or anything, you need to go to Tobo Fest 1316 01:11:10.039 --> 01:11:11.079 well before. 1317 01:11:10.840 --> 01:11:11.439 It comes here. 1318 01:11:12.000 --> 01:11:15.479 So it can link into almost all a spaces of 1319 01:11:15.520 --> 01:11:18.279 financial existence. And the issue is that if not for 1320 01:11:18.399 --> 01:11:20.199 this place now that people are looking at it and 1321 01:11:20.319 --> 01:11:22.600 talking about it, you will never hear that in the 1322 01:11:22.760 --> 01:11:27.600 national discuss the discourse we have all the time, these 1323 01:11:27.720 --> 01:11:28.079 things we. 1324 01:11:28.119 --> 01:11:31.680 Are people have left and we are scratching the battle. 1325 01:11:31.800 --> 01:11:34.520 You know, let let me take you back to the 1326 01:11:34.600 --> 01:11:36.399 topic of today, right. You know, I don't know if 1327 01:11:36.439 --> 01:11:39.199 you've been phoned the news, how we're with love of announcements. 1328 01:11:39.199 --> 01:11:41.640 It's not just the seven one two for Legos Airport. 1329 01:11:41.680 --> 01:11:44.760 We've been having announcements for a long time. The ports 1330 01:11:44.840 --> 01:11:48.800 in Legos have been renovated, the airport to be innovated, 1331 01:11:48.880 --> 01:11:51.960 the roads are benovated. Everything seems to be happening in Legos. 1332 01:11:52.000 --> 01:11:55.479 Even the Sea Bens had an issue with retiring workers 1333 01:11:55.880 --> 01:11:59.840 hiring new workers out of their So there's a predominance 1334 01:11:59.920 --> 01:12:03.960 of off. You see discussion that the administration today is 1335 01:12:04.159 --> 01:12:08.760 tilted not just to the southwest, specifically to Legos at 1336 01:12:08.800 --> 01:12:11.920 the detriment of the other region. What's your take on this? 1337 01:12:12.479 --> 01:12:15.399 Is there a tilt? Should there be a tilt? What's 1338 01:12:15.439 --> 01:12:15.800 your take? 1339 01:12:16.720 --> 01:12:16.920 Yeah? 1340 01:12:17.079 --> 01:12:20.600 My take is like the first orconspeaker did talk about 1341 01:12:20.640 --> 01:12:25.920 the politicization of everything. We politicize economic problems and because 1342 01:12:26.000 --> 01:12:28.600 whenever you add politics to it, it never gets solved. 1343 01:12:29.840 --> 01:12:34.840 If the governor in river state understands the resources, the 1344 01:12:35.000 --> 01:12:39.159 multiply effect of that airport and what it will do 1345 01:12:39.359 --> 01:12:42.119 to the economy of the state and how it will 1346 01:12:42.199 --> 01:12:46.560 have a multiply effect. The last time I checked the Chinese, 1347 01:12:46.800 --> 01:12:49.880 they won't fishing our waters in around the cold bite 1348 01:12:49.920 --> 01:12:54.000 of Befa. We don't have him have one fishing you know, 1349 01:12:54.239 --> 01:12:57.880 you know that's how bad it is. Like somebody talked 1350 01:12:57.880 --> 01:13:00.399 about the blue economy. Here we just do you know 1351 01:13:01.039 --> 01:13:04.680 by the issues is that I don't think some people 1352 01:13:04.800 --> 01:13:07.199 have said for me, I believe in new ideas. And 1353 01:13:07.359 --> 01:13:09.359 let me go back to the issue of a federal character. 1354 01:13:10.680 --> 01:13:14.000 The federal character then was put there by the founding, 1355 01:13:14.920 --> 01:13:17.399 the initial people who looked at the constution of to say, well, 1356 01:13:17.720 --> 01:13:21.359 how do we balance development across all regions. How do 1357 01:13:21.479 --> 01:13:25.279 we enshrine a kind of finance so that people will 1358 01:13:25.359 --> 01:13:30.000 feel the equity to be pat owners of their destiny, 1359 01:13:30.560 --> 01:13:33.680 So that people across all religion and across our cities, 1360 01:13:34.119 --> 01:13:37.800 we have that buy in into the national development. 1361 01:13:38.199 --> 01:13:40.239 Because they realized that if that is not. 1362 01:13:40.439 --> 01:13:44.119 Done, there will be this incentive because there will be 1363 01:13:44.279 --> 01:13:47.359 gross inequity, and they're the gross probably the. 1364 01:13:48.920 --> 01:13:49.840 This is what I'm looking for. 1365 01:13:50.159 --> 01:13:50.239 The. 1366 01:13:53.239 --> 01:13:58.720 The disparation between that disparities in terms of access to 1367 01:13:58.800 --> 01:14:02.039 resources between all all the tribes will be skewed to 1368 01:14:02.199 --> 01:14:06.199 the major tribes. So that was built in so that 1369 01:14:06.319 --> 01:14:08.840 you reflect the states, each of these states, and madly 1370 01:14:08.880 --> 01:14:10.840 because if you reflect each of these states, you reflect 1371 01:14:10.880 --> 01:14:14.079 all the tribes. To make sure that people have a 1372 01:14:14.239 --> 01:14:18.439 buying into that national development and the patism that we 1373 01:14:18.479 --> 01:14:21.840 are looking for. But you can see that over the 1374 01:14:21.960 --> 01:14:25.239 years if you come from the minorities, it's like you're 1375 01:14:25.279 --> 01:14:28.359 being it not you don't have a voice. Until election 1376 01:14:28.560 --> 01:14:30.920 time comes, somebody will say, oh, we need to go 1377 01:14:31.000 --> 01:14:33.720 to Benry and then they come to one very big 1378 01:14:33.880 --> 01:14:36.279 party event and they announced one thing and then that's 1379 01:14:36.479 --> 01:14:39.399 all that they look for them and then they look 1380 01:14:39.479 --> 01:14:41.840 into it like it's good that you're talking about this 1381 01:14:42.039 --> 01:14:43.800 from the infrare toture point of view. 1382 01:14:44.239 --> 01:14:46.079 If you go to it to the political point of view, 1383 01:14:46.640 --> 01:14:47.600 everybody will be on. 1384 01:14:47.680 --> 01:14:52.760 Their own because it is what brings national development, It 1385 01:14:52.880 --> 01:14:55.199 is what bring national unity. It is what brings that 1386 01:14:55.399 --> 01:14:58.880 issue that we are everybody we feel that they belong. 1387 01:14:59.600 --> 01:15:01.720 But if it is killed like now they're not are 1388 01:15:01.800 --> 01:15:04.399 using it against it, so we don't have this, we 1389 01:15:04.479 --> 01:15:07.279 don't have that. And then it's trying up and down 1390 01:15:07.479 --> 01:15:10.359 trying to have meetings with theirs, the one on yesterage 1391 01:15:10.399 --> 01:15:12.920 on the punch that day, to get to their government, 1392 01:15:13.000 --> 01:15:14.800 to the natural government is having the meetings with not 1393 01:15:14.920 --> 01:15:18.079 a lawmakers both past and present, just to let them 1394 01:15:18.159 --> 01:15:21.000 know that look, we are not ignoring you. The question 1395 01:15:21.199 --> 01:15:22.840 is is he going to have the same meeting with 1396 01:15:22.960 --> 01:15:24.079 people from the south side. 1397 01:15:25.319 --> 01:15:27.720 No, is it going to have the same. 1398 01:15:27.680 --> 01:15:31.159 Meeting with you from the not not central No, because 1399 01:15:31.199 --> 01:15:33.079 the treat that they don't have any political weights. 1400 01:15:34.279 --> 01:15:35.359 They don't. You don't need them. 1401 01:15:36.039 --> 01:15:37.800 You know, it's the case of okay, who do we 1402 01:15:37.960 --> 01:15:40.880 need to survive the next elections? 1403 01:15:41.560 --> 01:15:43.600 You know, you know MORESSA admitted to it a long 1404 01:15:43.640 --> 01:15:45.439 time agoing and I said that if you ever want 1405 01:15:45.600 --> 01:15:48.079 any project, this, this is your year to get it. 1406 01:15:48.239 --> 01:15:51.520 If you are in the north, you want any project today, 1407 01:15:51.560 --> 01:15:55.079 you get it now. And it's because the man is 1408 01:15:56.039 --> 01:15:58.920 the main thing that I think Present has gotten a 1409 01:15:58.960 --> 01:16:01.079 bit wrong in my view, is that he is this 1410 01:16:01.319 --> 01:16:04.680 politics in he made it too early. You know, bason't 1411 01:16:04.800 --> 01:16:06.520 just first termes you go back to a Bason just 1412 01:16:06.640 --> 01:16:08.479 first term. He didn't get a lot done in his 1413 01:16:08.600 --> 01:16:11.399 first term because he was playing this. You know, he 1414 01:16:11.600 --> 01:16:14.520 was put in there by the PDP in like ninety nine. 1415 01:16:15.039 --> 01:16:18.399 He had his Minister of Finance was some geriatric guy. 1416 01:16:18.640 --> 01:16:21.439 You know, nothingly what major was going on. He was 1417 01:16:21.600 --> 01:16:24.720 just going along the ropes. His second term is when 1418 01:16:24.760 --> 01:16:27.000 he caught fire, and you know he tried to, hey, 1419 01:16:27.159 --> 01:16:28.920 let us get this thing, let us you know, let 1420 01:16:29.039 --> 01:16:33.399 us you know, building, he's pasted all this pension reform 1421 01:16:33.560 --> 01:16:35.880 GS and everything second term, and he realized he had 1422 01:16:35.960 --> 01:16:39.920 no time by fot by his by his eight years, 1423 01:16:40.159 --> 01:16:42.840 he wanted a third term. I hope it's not going 1424 01:16:42.920 --> 01:16:45.640 to happen to president. But where he spent his one 1425 01:16:45.800 --> 01:16:49.520 year allowing ministers that have no business being ministers to 1426 01:16:49.640 --> 01:16:52.720 remain in office, and then he realizes in his fourth 1427 01:16:52.880 --> 01:16:55.920 year or in his sixty year that listen, I need 1428 01:16:56.079 --> 01:16:59.119 more time because it's almost like the man wants to work. 1429 01:17:00.079 --> 01:17:01.880 He just has some ministers that are just doing not 1430 01:17:01.960 --> 01:17:04.920 who's the mister of agriculture just doing nothing? 1431 01:17:05.119 --> 01:17:05.279 You know? 1432 01:17:05.880 --> 01:17:07.760 So in a way, so started fuse for the guy. 1433 01:17:07.920 --> 01:17:11.039 But it's almost like there's too much politics in the 1434 01:17:11.520 --> 01:17:14.079 too much politics in the Why now, why are we 1435 01:17:14.199 --> 01:17:16.560 having all these things now? Every second tem Why are 1436 01:17:16.600 --> 01:17:19.000 we inviting people to you know, it's almost like everything 1437 01:17:19.079 --> 01:17:22.319 now with politics, why we're not focused on if we're 1438 01:17:22.319 --> 01:17:25.840 only talking about infrastructure, it's even okay, but everything is 1439 01:17:26.000 --> 01:17:28.079 just second you know, I don't know. 1440 01:17:29.279 --> 01:17:31.720 Yeah that love, Yeah, let me. 1441 01:17:31.720 --> 01:17:33.760 A random plow that you can about that you can have. 1442 01:17:34.000 --> 01:17:35.640 I think the only thing I can say in it 1443 01:17:35.880 --> 01:17:42.800 is largely people. Many people have I would probably let 1444 01:17:42.840 --> 01:17:44.479 me orgin and during that that he's got the at 1445 01:17:45.560 --> 01:17:48.920 of them. Here, we have a country to you have 1446 01:17:49.079 --> 01:17:54.600 no other country. Our brother hare have laid out invision 1447 01:17:54.680 --> 01:17:57.199 for something that maybe if you're here and you have 1448 01:17:57.439 --> 01:18:00.279 the ear of any politician, just let it know that 1449 01:18:00.359 --> 01:18:01.399 there is a blue economy. 1450 01:18:01.439 --> 01:18:03.680 There is another way of doing stuff. I like to 1451 01:18:05.199 --> 01:18:06.920 there is another way you can look at it. 1452 01:18:07.640 --> 01:18:12.600 I prefer economic independence. And some people will say, oh, 1453 01:18:12.880 --> 01:18:15.399 look when are people if you're listening to them, got 1454 01:18:15.439 --> 01:18:18.640 on to TikTok or they talk about all these other countries. 1455 01:18:18.760 --> 01:18:22.439 Indonesia has to arune seven something million people. A primary 1456 01:18:22.479 --> 01:18:25.359 school teacher salary in Indonesia is a thousand, two hundred 1457 01:18:25.479 --> 01:18:29.520 dollars in US dollars. That they have two hundred and 1458 01:18:29.600 --> 01:18:33.840 several ort a million people. It's not that it cannot 1459 01:18:33.840 --> 01:18:37.319 be done. We cannot pretend as if we are unique 1460 01:18:37.479 --> 01:18:41.479 in this global space, that our problems are unique, that 1461 01:18:41.720 --> 01:18:44.279 our solutions are not there. We can't even have them. 1462 01:18:44.880 --> 01:18:47.479 We can have all these things we can. Just let's 1463 01:18:48.000 --> 01:18:50.359 let's find out what people are doing. How did they 1464 01:18:50.479 --> 01:18:54.359 do how did they do it? Do they have energy independence? 1465 01:18:54.479 --> 01:18:56.319 How do we have our own energy independence? 1466 01:18:56.680 --> 01:18:57.000 Do we have? 1467 01:18:57.520 --> 01:19:00.399 Do they want an education from all their law ones 1468 01:19:00.520 --> 01:19:01.319 or their young ones? 1469 01:19:01.640 --> 01:19:02.279 How do we do that? 1470 01:19:02.399 --> 01:19:04.920 We do that? We do this? Sad the elderly ones? 1471 01:19:04.960 --> 01:19:05.920 Do they have pensions? 1472 01:19:06.439 --> 01:19:07.760 How do they do it? Well? 1473 01:19:07.840 --> 01:19:10.960 Copy That's not the wrong in copying policies, That's what 1474 01:19:11.119 --> 01:19:15.600 countries do. But sometimes our own discourses like we are. 1475 01:19:15.600 --> 01:19:16.439 On our own. 1476 01:19:17.119 --> 01:19:19.920 Oh we were connected by the British everybody goes there. 1477 01:19:20.279 --> 01:19:22.680 Or we have a wrong constitution. Everybody focus on that, 1478 01:19:23.399 --> 01:19:26.800 or we have this, everybody focus on that. Nobody's acting themselves. 1479 01:19:27.319 --> 01:19:29.920 How do these other people who have the same history 1480 01:19:29.960 --> 01:19:33.359 with us, how do they move away from where they 1481 01:19:33.439 --> 01:19:35.680 are to where they are now? I think we need 1482 01:19:35.800 --> 01:19:38.239 to begin to look into that, and people should please 1483 01:19:39.119 --> 01:19:42.800 if politic policy doesn't solve the economic problems. 1484 01:19:43.159 --> 01:19:46.079 You know we are now in the world of AI. 1485 01:19:47.079 --> 01:19:50.600 We're not even discussing how you displace jobs if we 1486 01:19:50.720 --> 01:19:52.960 don't have electric, how we we have internet? 1487 01:19:53.239 --> 01:19:54.319 How do we have AI? 1488 01:19:55.159 --> 01:19:57.920 When these countries have moved farther away from us, then 1489 01:19:58.119 --> 01:20:00.880 what will happen to our children? We are with their work? 1490 01:20:01.720 --> 01:20:04.079 You know, people are going far away nobody's going to 1491 01:20:04.159 --> 01:20:06.840 wait for us. So like your brother year I was 1492 01:20:06.840 --> 01:20:09.479 SUPERSI a bad power. We need to make power cheap. 1493 01:20:10.119 --> 01:20:11.800 We don't even need to say, oh, you are in 1494 01:20:11.880 --> 01:20:14.000 band eight hundred thousand. We are in band bill two 1495 01:20:14.039 --> 01:20:14.680 hundred thousand. 1496 01:20:15.399 --> 01:20:16.600 We need to make it cheap. 1497 01:20:17.279 --> 01:20:19.399 It needs to be affordable to the common man. The 1498 01:20:19.560 --> 01:20:22.560 recharge card woman that's on the highway should be able 1499 01:20:22.640 --> 01:20:26.439 to afford to having electricity based on her income. Can't 1500 01:20:26.520 --> 01:20:29.279 you be theiastic but difful thing that the power is 1501 01:20:29.359 --> 01:20:32.199 only for fully bland. They can have to the fire 1502 01:20:32.279 --> 01:20:35.199 powerus and then those ones that are in my town 1503 01:20:35.399 --> 01:20:37.720 nothing for them. Then we are not moving anywhere. 1504 01:20:38.319 --> 01:20:41.039 Thank you appreciate that, I really do. I appreciate the 1505 01:20:41.039 --> 01:20:43.680 comments also from gentlemen. I spoke about the report. I 1506 01:20:43.760 --> 01:20:45.840 hope we can write little article and sense so we 1507 01:20:45.920 --> 01:20:48.399 can share. Others can basically follow Lewis Show. How are 1508 01:20:48.399 --> 01:20:49.199 you doing? Luis Show? 1509 01:20:49.800 --> 01:20:49.920 Day? 1510 01:20:51.439 --> 01:20:51.600 Yeah? 1511 01:20:51.640 --> 01:20:55.199 Maybe what we're talking about, what about infrastructure, we're saying 1512 01:20:55.399 --> 01:20:57.960 to be based in terms of federal character more than 1513 01:20:58.079 --> 01:21:00.800 things have come up here? Is the present too? Overly 1514 01:21:01.239 --> 01:21:04.840 titter to legers? Should he spread investment across Nigeria what's 1515 01:21:04.880 --> 01:21:05.239 your takes. 1516 01:21:06.159 --> 01:21:07.000 Yeah, thank you, Carlo. 1517 01:21:07.159 --> 01:21:10.279 I think for me, if the question actually our pin 1518 01:21:10.359 --> 01:21:13.840 points of federal character, I think it's actually important to 1519 01:21:14.399 --> 01:21:17.159 go to go in line with that. And however, I 1520 01:21:17.199 --> 01:21:20.039 would like to digress a bit for me from my end, 1521 01:21:20.119 --> 01:21:24.359 I think there's a deliberate sabotage on infrastructure generally in 1522 01:21:25.119 --> 01:21:29.239 for instance, we seem to like allow our infrastructure to 1523 01:21:29.399 --> 01:21:33.560 decay just so we can actually I mean allocate money 1524 01:21:33.640 --> 01:21:34.239 to rebuild. 1525 01:21:35.239 --> 01:21:38.600 And I would give an example to back up that. 1526 01:21:39.560 --> 01:21:40.840 Have you recently used. 1527 01:21:40.760 --> 01:21:43.479 Our those speech to the in England which is has 1528 01:21:43.479 --> 01:21:47.880 actually been built over one hundred years ago, And in 1529 01:21:48.039 --> 01:21:50.439 this speitchure you come from the physical structure of your 1530 01:21:50.479 --> 01:21:54.239 speitch you can't tell the buildings have been standing for 1531 01:21:54.399 --> 01:21:55.199 fur hundred years. 1532 01:21:55.439 --> 01:21:56.039 You can't tell. 1533 01:21:56.840 --> 01:22:00.279 So and just to take us back to the send 1534 01:22:00.359 --> 01:22:04.199 pictures from the marital more made. There's some parts are 1535 01:22:04.239 --> 01:22:05.399 in the airport. 1536 01:22:05.119 --> 01:22:09.600 Which is actually which are actually dilapidated, which actually we're 1537 01:22:09.600 --> 01:22:13.079 actually maintained. We wouldn't have needed there are more to 1538 01:22:13.159 --> 01:22:17.239 actually spend the Semoni and Trent semonial and fiftillion on 1539 01:22:17.439 --> 01:22:22.159 such a projects. And see the amount is actually the 1540 01:22:22.279 --> 01:22:25.680 same amount that are over ten companies in in the 1541 01:22:25.800 --> 01:22:28.680 n g X actually does if I love about overtime 1542 01:22:28.760 --> 01:22:31.199 companies in the n g X and that is actually 1543 01:22:31.279 --> 01:22:34.479 what we actually intend to spend on one airport and 1544 01:22:35.720 --> 01:22:38.560 which is actually so bad to me. Then lastly we 1545 01:22:38.680 --> 01:22:42.560 actually governors are wasting money on necessary flyovers or soon 1546 01:22:42.600 --> 01:22:47.279 State for example, when motion complete its ongoing flyovers also 1547 01:22:47.479 --> 01:22:51.239 is actually going to have more flyovers than Manchester and 1548 01:22:51.359 --> 01:22:54.319 nothing I'm combined, and this is actually not this is 1549 01:22:54.359 --> 01:22:57.000 actually not to build a serious. 1550 01:22:56.720 --> 01:22:58.560 Economy, to be very honest. 1551 01:22:59.600 --> 01:23:01.399 So the maybe they're building for the future, you know, 1552 01:23:01.520 --> 01:23:04.399 like when Legos had flyervers there was no trafficing Legos. 1553 01:23:04.479 --> 01:23:06.800 Maybe they're saying in the future would. 1554 01:23:06.640 --> 01:23:10.600 Be the heallow, heallow, Just for the airport thing. 1555 01:23:11.520 --> 01:23:14.319 I once stood in my time amid airport and counted 1556 01:23:14.439 --> 01:23:17.079 how many airlines that touch down there. I mean you 1557 01:23:17.159 --> 01:23:20.880 can count them with your two fingers for twelve hour period. 1558 01:23:22.000 --> 01:23:24.000 You know, you know I'm not making it up. You 1559 01:23:24.079 --> 01:23:24.760 can't count it. 1560 01:23:25.880 --> 01:23:29.359 It's not even you begin to ask yourself what. 1561 01:23:29.680 --> 01:23:34.680 Metrics is somebody using, what level of business goes in there? 1562 01:23:35.479 --> 01:23:39.000 Just be building it for esthetics? How many airlines. 1563 01:23:39.000 --> 01:23:42.800 Do we even have in digitals that goes out forget 1564 01:23:42.840 --> 01:23:45.439 about those who brought do bring the juriors and drop 1565 01:23:45.520 --> 01:23:49.199 them there and go away, go their way exactly? You know, 1566 01:23:49.279 --> 01:23:52.640 then there is that sometimes it's all laughable. It's very 1567 01:23:52.720 --> 01:23:53.359 very laughable. 1568 01:23:53.600 --> 01:23:54.359 You go there. 1569 01:23:54.399 --> 01:23:56.680 I remember on the other one, one day I turned 1570 01:23:56.760 --> 01:23:58.600 up by four four o'clock in the morning. I was 1571 01:23:58.720 --> 01:24:01.640 actually waiting, I mean on the local one. I was 1572 01:24:01.680 --> 01:24:03.840 actually waiting for the person who have the key to 1573 01:24:03.880 --> 01:24:07.439 the airport to come and component up. And they told 1574 01:24:07.479 --> 01:24:10.399 me that the airport closes by twelve o'clock and then 1575 01:24:10.479 --> 01:24:14.000 you open it by four o'clock, and that the guy 1576 01:24:14.119 --> 01:24:16.239 actually come back, came in with a very big bunch 1577 01:24:16.239 --> 01:24:17.600 of kids that starts opening the gates. 1578 01:24:18.319 --> 01:24:18.479 You know. 1579 01:24:18.680 --> 01:24:22.319 The thing there is that we are innigeiers and we 1580 01:24:22.479 --> 01:24:26.079 see this tough. You know, he needs to find it. 1581 01:24:26.159 --> 01:24:29.640 We need to find a way to copy what people 1582 01:24:29.840 --> 01:24:33.560 do outside. How do they're doing. The airport can be 1583 01:24:33.640 --> 01:24:36.399 a very very good investment, but you need to also 1584 01:24:36.479 --> 01:24:40.319 look at the local ones. You know, from from Lego 1585 01:24:40.399 --> 01:24:45.159 to any state, this one flight, just one how do 1586 01:24:45.239 --> 01:24:46.600 you increase internal traffic? 1587 01:24:47.680 --> 01:24:48.760 You know, how do you do that? 1588 01:24:48.880 --> 01:24:50.479 How do you link it all these things up? 1589 01:24:51.239 --> 01:24:53.880 You know, you have two flights that go to one 1590 01:24:53.960 --> 01:24:56.319 flight or maybe two advertiss a week that goes to 1591 01:24:56.319 --> 01:24:57.159 the mostay, that's it. 1592 01:24:57.800 --> 01:24:58.119 That's it. 1593 01:24:59.720 --> 01:25:03.239 This five and to add to add to that, I 1594 01:25:03.279 --> 01:25:06.760 think they are just to be applied from Legos to 1595 01:25:06.880 --> 01:25:08.239 London every day just to. 1596 01:25:09.279 --> 01:25:11.840 So I don't think we are the economy years for 1597 01:25:12.319 --> 01:25:14.720 coming to spend that. I mean, that's a mount on 1598 01:25:15.079 --> 01:25:15.640 the airport. 1599 01:25:17.199 --> 01:25:19.359 Yeah, we can't say let me say what I'm very. 1600 01:25:19.319 --> 01:25:22.600 Just playing say the goods that people in that astor 1601 01:25:22.720 --> 01:25:26.640 are sent home could in fact, if you link all 1602 01:25:26.760 --> 01:25:29.399 these days, you'll have a very good robots in come 1603 01:25:29.439 --> 01:25:33.479 as turning Nigeria. You link all these notes together and 1604 01:25:33.640 --> 01:25:37.479 then you just undercut l and all these projects and 1605 01:25:37.520 --> 01:25:40.439 all of that, and then you have this indigenous only 1606 01:25:40.520 --> 01:25:42.520 goods alone. You're not even talking about the room business. 1607 01:25:42.880 --> 01:25:46.119 But you need to make it affordable based on our economy. 1608 01:25:46.800 --> 01:25:49.319 You know, you can just have two flights to London 1609 01:25:49.479 --> 01:25:53.640 a day he through has I mean it's twenty four 1610 01:25:53.680 --> 01:25:56.159 hour cycle. Every minute they're playing lines down there. 1611 01:25:57.039 --> 01:25:59.399 And then you know, so we need to look. 1612 01:25:59.319 --> 01:26:02.800 At these things say to ourselves, what how do we 1613 01:26:03.039 --> 01:26:06.640 even sleep? How do we even justify this level of stuff? 1614 01:26:07.039 --> 01:26:09.199 You know, can't you just go to therasive legos. They 1615 01:26:09.319 --> 01:26:11.600 go to engineering the partment, find some engineers and say 1616 01:26:11.680 --> 01:26:12.439 to them, this is. 1617 01:26:12.439 --> 01:26:15.279 What I want you to do that. How can we 1618 01:26:15.439 --> 01:26:16.880 do it? Even if it is telling. 1619 01:26:16.680 --> 01:26:18.960 Them to London or sell them to China. Let them 1620 01:26:19.000 --> 01:26:21.039 go there, get the knowledge, come back and do it 1621 01:26:21.079 --> 01:26:21.840 at a direct level. 1622 01:26:23.159 --> 01:26:25.640 You can do this in several ways, you know. 1623 01:26:25.920 --> 01:26:27.760 But then they have to sit down and award a 1624 01:26:27.880 --> 01:26:31.319 massive contract, call it seven my key contract, seven and 1625 01:26:31.439 --> 01:26:34.640 twelve billions. It sounds so good, you know, and then 1626 01:26:35.079 --> 01:26:37.680 that's it. You know, it goes into people's podcast and 1627 01:26:37.840 --> 01:26:39.880 two years from now we're still back to where we are. 1628 01:26:40.399 --> 01:26:42.680 I think, I. 1629 01:26:44.319 --> 01:26:46.399 Agree. I mean, look at it this way. You know, 1630 01:26:46.640 --> 01:26:48.560 if you if you take economic terms, it's what we 1631 01:26:48.680 --> 01:26:53.720 call you know, what's it called now, chatter skill of preference. 1632 01:26:54.199 --> 01:26:56.960 Like gentlemen spoke earlier about the port, we've got to 1633 01:26:57.039 --> 01:26:59.520 really say, what gives us the biggest bank for ANIRA 1634 01:26:59.760 --> 01:27:02.640 one plus one must be equals to eleven, That's the 1635 01:27:02.720 --> 01:27:05.680 way I see it. So if one deepsea port will 1636 01:27:05.720 --> 01:27:11.760 give us one billion GDP growth, what will ten, low 1637 01:27:12.680 --> 01:27:16.039 low costs inner port all because you can go from 1638 01:27:16.560 --> 01:27:19.000 from the sea from Niger State, Allo to Niger to 1639 01:27:19.239 --> 01:27:23.000 delta from Niger States all which to reverse state, what 1640 01:27:23.159 --> 01:27:26.079 will the economic impact of that port be? And then 1641 01:27:26.119 --> 01:27:28.199 we do that coligussion that we still we're going to 1642 01:27:28.239 --> 01:27:32.680 invest in what we create more jobs, work activity in Nigeria. 1643 01:27:32.880 --> 01:27:35.279 That's how I see it than doing the big, big 1644 01:27:35.319 --> 01:27:38.039 big Marque one seven hundred and twelve billions a lot 1645 01:27:38.199 --> 01:27:43.920 of money. We're building this with the coastal road. Where 1646 01:27:43.960 --> 01:27:46.359 are we getting the money from? Where we're going to 1647 01:27:46.399 --> 01:27:48.680 get the money from. We have a lot of massive 1648 01:27:48.840 --> 01:27:52.840 projects that I doubt would get the money to accomplish. 1649 01:27:52.920 --> 01:27:55.359 That's what I think. Doctor. Let me get doctor in here. 1650 01:27:55.479 --> 01:27:58.720 Doctor uh doctor Tonic. How are you doing man? 1651 01:28:01.760 --> 01:28:05.720 Yeah? Good money and it's been a while. 1652 01:28:06.760 --> 01:28:09.279 How are you doing money? Yes? Good morning, welcome. How 1653 01:28:09.399 --> 01:28:10.319 is how is Australia? 1654 01:28:11.920 --> 01:28:15.880 We are here and I mean. 1655 01:28:16.279 --> 01:28:19.359 Projects, we are better than Nigerians living in Nigeria. 1656 01:28:21.720 --> 01:28:25.079 Okay, okay, I mean we're talking broadly about what's going 1657 01:28:25.439 --> 01:28:29.239 you A lot of projects. It seems lopsided. We will 1658 01:28:29.319 --> 01:28:32.039 look at federal characters. We just focused on the money 1659 01:28:32.079 --> 01:28:33.920 to build a project. What's your take on this? 1660 01:28:36.119 --> 01:28:40.920 I think I I want to have a lot of questions. 1661 01:28:40.960 --> 01:28:44.680 I want to ask because I'm it seems as though 1662 01:28:46.279 --> 01:28:50.119 Tim who doesn't have like they say, legos, they said 1663 01:28:50.920 --> 01:28:52.720 he drew the I mean. 1664 01:28:52.880 --> 01:28:55.640 I think I said he drew the master plan. I 1665 01:28:55.760 --> 01:28:58.600 think he lost the pen and paper he used in 1666 01:28:58.720 --> 01:29:05.159 drawing because some for a start, I think it started 1667 01:29:05.199 --> 01:29:08.720 off with the arch and then it went on to 1668 01:29:09.000 --> 01:29:12.279 buy a jet, and then it bot escalate, and then 1669 01:29:13.279 --> 01:29:18.000 yeah wanted the coast that road, and then they are 1670 01:29:18.119 --> 01:29:22.479 doing a gypsy, and then they went from there to 1671 01:29:23.640 --> 01:29:29.680 airport and every other thing that the people desperately need, 1672 01:29:30.600 --> 01:29:31.880 you know, to boost. 1673 01:29:31.960 --> 01:29:37.199 Economy as all ignored, totally ignored. 1674 01:29:38.359 --> 01:29:42.600 I would I would start by saying, last, just last month, 1675 01:29:43.920 --> 01:29:47.359 I was sent a bill estimated. 1676 01:29:46.960 --> 01:29:52.199 At eight hundred that my mom said to me, of 1677 01:29:52.279 --> 01:29:53.880 course that was used. 1678 01:29:54.039 --> 01:29:59.840 This was the amount they used to generate power for 1679 01:30:00.760 --> 01:30:06.760 my hotel one month, eight hundred and forty thousand, to buy. 1680 01:30:06.680 --> 01:30:10.640 Diesel for the bigger Gen guys for the smaller Gen 1681 01:30:11.319 --> 01:30:14.279 and Penny Pabul eight hundred and forty. 1682 01:30:14.000 --> 01:30:18.000 Thousand, I mean, never bred is just about sixty three 1683 01:30:18.039 --> 01:30:18.640 thousand out of it. 1684 01:30:19.800 --> 01:30:25.159 So how do industry survive if the least they need 1685 01:30:25.239 --> 01:30:28.720 this power and they can't get it. I would I 1686 01:30:28.760 --> 01:30:31.560 would have loved to think that power. 1687 01:30:31.359 --> 01:30:36.520 Would be the number one infrastructure or projects that a serious. 1688 01:30:36.199 --> 01:30:38.000 Government would want to fix. 1689 01:30:39.560 --> 01:30:42.439 That's what I would like to think at the number one. 1690 01:30:43.880 --> 01:30:47.479 Think ever, if you want to fix a country, you 1691 01:30:47.560 --> 01:30:49.760 want that country, you want things to move. 1692 01:30:50.520 --> 01:30:52.439 I think power is number one. 1693 01:30:52.920 --> 01:30:57.479 Then you need reil, you need to build real you 1694 01:30:57.520 --> 01:31:00.239 need to connect cities, you need to connect my okay, 1695 01:31:01.239 --> 01:31:01.800 you need. 1696 01:31:03.600 --> 01:31:04.760 You need good rules. 1697 01:31:06.479 --> 01:31:07.880 I don't I don't understand. 1698 01:31:08.319 --> 01:31:10.640 I mean, if I think they said a drive about 1699 01:31:10.680 --> 01:31:16.159 twelve million people, right, well, I don't think up to 1700 01:31:16.359 --> 01:31:19.680 ten percent of Nigeria. 1701 01:31:19.680 --> 01:31:24.479 Will benefit from renovation of a wink. 1702 01:31:24.479 --> 01:31:26.600 In an airport in one year. 1703 01:31:27.399 --> 01:31:28.960 In one in that year. 1704 01:31:29.159 --> 01:31:32.319 I don't think up to ten percent of the twenty 1705 01:31:33.319 --> 01:31:36.600 two hundred million ninderas will benefit from that. 1706 01:31:37.079 --> 01:31:42.439 I don't know the economic impact that renovating a wink 1707 01:31:42.760 --> 01:31:47.319 in an airport will make to Nigerian economy. 1708 01:31:47.359 --> 01:31:53.800 I don't know about seven one hundred and twelve billion Nira. 1709 01:31:54.399 --> 01:31:58.000 That's a lot of money and that could fix a 1710 01:31:58.039 --> 01:32:02.359 whole lot of things. So I think tirible. Probably he 1711 01:32:02.439 --> 01:32:06.279 wants to work, and probably it's not being given the 1712 01:32:06.439 --> 01:32:07.199 right advice. 1713 01:32:07.800 --> 01:32:10.279 Maybe he might have the good intention. 1714 01:32:10.520 --> 01:32:10.960 I don't know. 1715 01:32:11.920 --> 01:32:16.520 But the project that I'm seeing that I read on 1716 01:32:16.640 --> 01:32:18.079 daily basis, they. 1717 01:32:18.039 --> 01:32:19.000 Don't sound. 1718 01:32:20.279 --> 01:32:24.439 They're like other appetites. It's like your house on fire 1719 01:32:25.319 --> 01:32:28.760 and you are chosen ruts. Or do I say, your 1720 01:32:28.880 --> 01:32:33.760 children at home because their peace hasn't been paid, so 1721 01:32:33.960 --> 01:32:37.359 they're not in school, and instead of you to pay 1722 01:32:37.479 --> 01:32:39.920 the cool fees or so they could go back to school, 1723 01:32:40.520 --> 01:32:45.079 you are going to should I say, you are repainting 1724 01:32:45.199 --> 01:32:45.640 your house? 1725 01:32:46.000 --> 01:32:47.319 So so look look at this. 1726 01:32:47.720 --> 01:32:48.000 What if? 1727 01:32:48.119 --> 01:32:50.840 What if the arguments that this is the stimulus project. 1728 01:32:50.960 --> 01:32:53.880 You know, when you build things, you are creating jobs, 1729 01:32:53.960 --> 01:32:58.319 you are boosting GDP. That sort of angle, it's your, 1730 01:32:58.399 --> 01:33:01.560 it's your your criticism only on the cost of the focus. 1731 01:33:02.279 --> 01:33:05.920 I mean, it's an airport to be built to enhance productivity, 1732 01:33:06.079 --> 01:33:07.800 to enhance the economic output. 1733 01:33:07.960 --> 01:33:10.239 No report is not being built. 1734 01:33:10.920 --> 01:33:12.800 That is the point. The point I'm making it. 1735 01:33:13.279 --> 01:33:17.479 There's a difference between Okay, this airport is crowded, of 1736 01:33:17.560 --> 01:33:20.560 our crowded we are we are getting too much crowd 1737 01:33:20.640 --> 01:33:21.840 in this airport because. 1738 01:33:21.600 --> 01:33:22.920 It's literally only one. 1739 01:33:23.239 --> 01:33:26.560 So we want to build a new one in Ku 1740 01:33:26.800 --> 01:33:28.319 or we want to build a new one. 1741 01:33:28.319 --> 01:33:33.520 In uh in their right to divert crowd so that 1742 01:33:33.760 --> 01:33:36.960 if we have seven million use this airport in a year, 1743 01:33:37.279 --> 01:33:40.079 it could be divided. We have just three million use 1744 01:33:40.159 --> 01:33:42.560 this one and Formula use the other one. It's a 1745 01:33:42.680 --> 01:33:45.399 different thing entirely when you said you are spending the 1746 01:33:45.479 --> 01:33:48.720 story of eight God revated, it's not going through after 1747 01:33:48.800 --> 01:33:52.319 a novational. You're not going to have news new staff 1748 01:33:52.479 --> 01:33:53.239 or as mustaff. 1749 01:33:53.399 --> 01:33:55.560 You are just fun of it and you are not expanding. 1750 01:33:56.000 --> 01:33:57.239 You are not rebuilt. 1751 01:33:57.319 --> 01:33:59.840 You are not I see, I see your point. Yes, 1752 01:34:00.319 --> 01:34:02.960 I see a point. But still again that airport is 1753 01:34:03.399 --> 01:34:05.600 it's an I saw it needs to be expanded and 1754 01:34:05.720 --> 01:34:07.640 all that. So I mean, I I see your point 1755 01:34:07.680 --> 01:34:10.039 on what you're making. And again you're going back to 1756 01:34:10.119 --> 01:34:13.600 the camp of is it better to build new, smaller 1757 01:34:13.760 --> 01:34:16.840 things that have more impact across the federation or to 1758 01:34:16.920 --> 01:34:20.079 focus on that one big investment that is just in 1759 01:34:20.199 --> 01:34:22.920 one state. Again, that's the the debate that we're having 1760 01:34:23.039 --> 01:34:26.359 a space again. Go ahead from the. 1761 01:34:26.840 --> 01:34:30.159 I know I didn't do much, but the little I 1762 01:34:30.279 --> 01:34:34.479 know is you can have small investments that would give 1763 01:34:34.560 --> 01:34:37.800 you money, you know, and that you can now put 1764 01:34:37.840 --> 01:34:40.279 it in a bigger investment. There's the reason why people 1765 01:34:40.359 --> 01:34:44.119 buy teaper again two years less and are buying lasers. 1766 01:34:44.119 --> 01:34:46.640 They didn't go and buy lasers first because they're gonna 1767 01:34:46.880 --> 01:34:49.720 did your money now renting. 1768 01:34:49.159 --> 01:34:50.399 An effort you already have. 1769 01:34:50.760 --> 01:34:55.520 It's okay if you have everyday place you can effort. Well, 1770 01:34:55.920 --> 01:35:01.279 there are demanding, seriously demanding a project, and the joy 1771 01:35:01.399 --> 01:35:05.520 government should engage in, us should get involved in or 1772 01:35:05.720 --> 01:35:07.479 get step up and doing so. 1773 01:35:07.720 --> 01:35:12.239 Get this country working, not renovation and aport. And I 1774 01:35:12.359 --> 01:35:13.840 saw we agree. You go there. 1775 01:35:13.880 --> 01:35:15.680 You don't want to take a picture there because you 1776 01:35:15.720 --> 01:35:19.039 don't like what you see, Fine, but we can. 1777 01:35:19.279 --> 01:35:21.279 We have been using it and we can still use 1778 01:35:21.319 --> 01:35:24.279 it for the next one year. And just have power 1779 01:35:24.520 --> 01:35:25.039 for a start. 1780 01:35:25.199 --> 01:35:26.600 Let's give ourselves power. 1781 01:35:26.720 --> 01:35:31.119 Let's have stable power. It's so, but I live in 1782 01:35:31.159 --> 01:35:33.520 the country. I have stable power, and I can tell 1783 01:35:33.600 --> 01:35:37.199 you how it has immensely helped my life. And I 1784 01:35:37.239 --> 01:35:38.840 will tell you for free that if you have. 1785 01:35:39.039 --> 01:35:43.079 That prin for our lights, you can see. But companies 1786 01:35:43.119 --> 01:35:43.479 will come. 1787 01:35:43.760 --> 01:35:46.600 You get more money from thousands whatever you want to 1788 01:35:46.800 --> 01:35:48.880 if you want to thousand today. You can now do 1789 01:35:49.039 --> 01:35:51.720 that and renovation airports in the next six months. 1790 01:35:52.079 --> 01:35:52.840 That's what I'm saying. 1791 01:35:55.800 --> 01:35:58.520 That's true. I come to agree with you. Yeah, thanks, 1792 01:35:58.680 --> 01:36:00.439 I mean again it I agree with which we have 1793 01:36:00.520 --> 01:36:03.000 to focus on what creates weld and then then use 1794 01:36:03.079 --> 01:36:06.720 that wealth and building social services. Good points made, Dr Obi, 1795 01:36:07.800 --> 01:36:10.800 doctor doctor Nikker, thank you so much. Like Dr Obi 1796 01:36:11.439 --> 01:36:14.920 A Camel Hope, I got that right, doctor Obi. I 1797 01:36:15.000 --> 01:36:16.960 mean I'm not sure when you joined. There's been an 1798 01:36:16.960 --> 01:36:20.359 interesting discussion. We trying to just on that dimension the 1799 01:36:20.439 --> 01:36:25.039 issues going. Yeah, okay, so really where where where do 1800 01:36:25.079 --> 01:36:27.439 you stand on this? On the project that we're spending? 1801 01:36:27.439 --> 01:36:29.520 Are we tilted? Are we spending right? 1802 01:36:30.239 --> 01:36:30.399 Is it? 1803 01:36:30.640 --> 01:36:32.680 Are we spending on the wrong project? What's your take? 1804 01:36:33.279 --> 01:36:35.119 No, we are spending on the wrong projects. 1805 01:36:35.239 --> 01:36:37.800 And the way I look at it is, you know 1806 01:36:37.960 --> 01:36:41.159 these governments, when all these politicians, when they're getting power, 1807 01:36:41.279 --> 01:36:44.439 you know, people are saying us, why do government leave 1808 01:36:44.600 --> 01:36:48.600 things that are very very crucial and be doing things 1809 01:36:48.840 --> 01:36:51.720 spending money on things that are I mean good to 1810 01:36:51.840 --> 01:36:55.079 do if everything else have been have been solid that right, 1811 01:36:55.159 --> 01:36:57.399 but not like it is it is. 1812 01:36:57.479 --> 01:36:58.319 That important right now? 1813 01:36:58.399 --> 01:37:01.640 So you look at the Legos Back Expressway. It is 1814 01:37:01.760 --> 01:37:05.039 great if we have that, but we have more present issues. 1815 01:37:05.720 --> 01:37:08.079 They are trying to spend seven hundred and two billion 1816 01:37:08.159 --> 01:37:10.720 on the airport, They're trying to spend whatever in the 1817 01:37:10.920 --> 01:37:12.000 in Legos. 1818 01:37:12.199 --> 01:37:13.000 Part and all that. 1819 01:37:13.399 --> 01:37:18.039 Now, what I see here is, you know, when when 1820 01:37:18.239 --> 01:37:21.720 when when the new government emerges, right, there are people 1821 01:37:21.880 --> 01:37:25.960 who work for that government to image and as we're 1822 01:37:26.000 --> 01:37:29.560 going into re election, also there are people who have 1823 01:37:29.720 --> 01:37:31.880 to be taken care of, you know. I mean I've 1824 01:37:32.359 --> 01:37:36.279 talked to people in government and I and what I've 1825 01:37:36.319 --> 01:37:39.800 got out of it is that these are people's projects, right. 1826 01:37:39.840 --> 01:37:42.439 You know, the way we have a pre president, there 1827 01:37:42.479 --> 01:37:45.119 are people around him, people that help him to get 1828 01:37:45.159 --> 01:37:47.359 to power. People are going to help him to get 1829 01:37:47.399 --> 01:37:50.319 re elected. They're going to need resources to do this 1830 01:37:50.520 --> 01:37:53.840 or that. So they all have different projects that they 1831 01:37:53.920 --> 01:37:55.880 are their pets project and this is where they are 1832 01:37:55.880 --> 01:37:57.800 going to make their own money. So if there are 1833 01:37:57.920 --> 01:38:02.520 seven of them, maybe maybe this person his projects, his 1834 01:38:02.720 --> 01:38:05.720 project is this airport, and if they do this airport 1835 01:38:05.760 --> 01:38:08.520 and spend PEN seven hundred and two billion, maybe he's 1836 01:38:08.560 --> 01:38:11.039 going to make three hundred billion. And that this person 1837 01:38:11.119 --> 01:38:14.720 is important in the golf for the regime because he 1838 01:38:14.960 --> 01:38:17.680 has some strings to pull, you know. So that's you know, 1839 01:38:17.880 --> 01:38:20.520 that's why we see we do the Legos Calaber Expressway 1840 01:38:20.600 --> 01:38:22.880 because we need to take care of somebody like this 1841 01:38:23.079 --> 01:38:25.359 is somebody's project, and that's now that plays the person 1842 01:38:25.479 --> 01:38:28.960 go chop. You understand, it is somebody's project. So and 1843 01:38:29.079 --> 01:38:30.800 these are the people who will be pushing things in 1844 01:38:30.880 --> 01:38:33.640 front of the president. You know, lobbying love being lobbying, 1845 01:38:33.960 --> 01:38:37.880 and who gets the most lobbying power gets their project approve. 1846 01:38:37.960 --> 01:38:40.680 It doesn't matter if that project is what the country needs. 1847 01:38:41.199 --> 01:38:43.880 But this is my project. Yes, yes, this is our 1848 01:38:43.960 --> 01:38:46.359 government and this is my main project where I'm going 1849 01:38:46.439 --> 01:38:49.239 to make it and their re election is coming. I'm 1850 01:38:49.239 --> 01:38:50.520 going to be one of people. The mexture of the 1851 01:38:50.560 --> 01:38:53.920 president is realested, is releested. So if I get this project, 1852 01:38:55.119 --> 01:38:57.319 if I get this money, I'm going to ploy it back. 1853 01:38:57.399 --> 01:38:57.560 You know. 1854 01:38:57.720 --> 01:39:00.399 So that by the way, right, do we need to 1855 01:39:00.439 --> 01:39:03.680 spend this money on this airport? Absolutely no, right, Calo. 1856 01:39:03.800 --> 01:39:06.239 You know that all over the world, government do not 1857 01:39:06.399 --> 01:39:10.920 manage in infrastructures aiding one right, we are supposed to 1858 01:39:11.079 --> 01:39:15.000 lease out this this airport, you know, and we actually 1859 01:39:15.079 --> 01:39:17.239 having Nigeria and dismissed that a goodness who is in 1860 01:39:17.319 --> 01:39:20.039 the business of managing airport if it's managing airport in 1861 01:39:20.119 --> 01:39:23.279 England and all over Europe, why can he manage the 1862 01:39:23.359 --> 01:39:26.840 Motala Ahmed Airport. And he is actually going to pay 1863 01:39:27.279 --> 01:39:30.680 not the Nagila government paying seven hundred pen five hundred 1864 01:39:30.720 --> 01:39:34.159 million dollars, what the thereabout touring ad Airport. Miss our 1865 01:39:34.239 --> 01:39:36.560 goodness is probably going to pay like two hundred million 1866 01:39:36.600 --> 01:39:39.800 dollars to Nagelian government to lease this airport for twenty 1867 01:39:39.840 --> 01:39:43.159 five years, you know, you know, so that he will 1868 01:39:43.239 --> 01:39:46.479 now put in his own money and not just doing 1869 01:39:46.520 --> 01:39:49.479 of it nigeriandstand that, but upgrowth it to world class, 1870 01:39:49.760 --> 01:39:52.760 you know, and then we go. We moved to Cano, 1871 01:39:52.920 --> 01:39:55.039 We do that in Canoe, we do that in a Nougo, 1872 01:39:55.119 --> 01:39:58.600 we do that important haigh Court and the government and 1873 01:39:58.760 --> 01:40:01.399 the government gets some of these airlines and give them 1874 01:40:01.479 --> 01:40:04.119 license to fly flight to a Noogle, license to flight 1875 01:40:04.199 --> 01:40:07.520 to what Hackle, so that not every every airline is 1876 01:40:07.640 --> 01:40:10.800 flying to Lake Us. In that way, you kind of 1877 01:40:10.920 --> 01:40:14.000 disbust the traffic all over the country. You know, you 1878 01:40:14.119 --> 01:40:16.000 can take some airlines, you know, it's gonna take some 1879 01:40:16.039 --> 01:40:17.840 airlines and say, okay, we're gonna I'm gonna allow you 1880 01:40:17.880 --> 01:40:20.279 to fly that to Cando only you know these airlines, 1881 01:40:20.319 --> 01:40:21.800 we're going to fly to a noble and stuff like that. 1882 01:40:21.920 --> 01:40:25.680 The same thing with our with the seaport. Right, I 1883 01:40:26.600 --> 01:40:28.640 thought that a Bason job privatized. 1884 01:40:28.760 --> 01:40:31.279 That's important. That is what I thought that. I thought 1885 01:40:31.319 --> 01:40:34.560 the sport was privatized. So I'm kind of surprised. 1886 01:40:34.199 --> 01:40:37.079 About also hearing that there is a social amount of 1887 01:40:37.159 --> 01:40:40.359 money that's going to be spending. So I'm not really 1888 01:40:40.560 --> 01:40:42.439 I'm not really understanding what's going on there. But what 1889 01:40:42.520 --> 01:40:45.920 I'm saying in essence is that the governments need to 1890 01:40:46.119 --> 01:40:49.279 privatize this whole thing. We've been shouting about this in 1891 01:40:49.439 --> 01:40:52.760 on the refinery and they are spent it's either fifteen 1892 01:40:52.840 --> 01:40:56.359 or twenty billion dollars to for our Finally since the 1893 01:40:56.520 --> 01:40:59.039 day a Bason job privatizers is finally and listen to 1894 01:40:59.159 --> 01:41:01.159 that and got and when he left, yeah I do. 1895 01:41:01.239 --> 01:41:02.880 I came in and canceled that contract. 1896 01:41:03.279 --> 01:41:05.439 From that time that, ye do, I cancel that contract 1897 01:41:05.560 --> 01:41:09.079 until today, then Jinia has paned probably about fifteen billion 1898 01:41:09.119 --> 01:41:12.520 dollars if not more, on trying to do tonment maintenance 1899 01:41:12.560 --> 01:41:13.840 on all this refinance and as. 1900 01:41:13.880 --> 01:41:15.560 That today it is still not working. 1901 01:41:16.000 --> 01:41:20.800 Okay, so we are just sabotaging ourselves intentionally in this country. 1902 01:41:22.640 --> 01:41:25.399 You know, there's this solar thing that was I was 1903 01:41:25.479 --> 01:41:29.399 following that they are doing in Namimbia. It costs one 1904 01:41:29.479 --> 01:41:32.920 hundred million dollars for one hundred mega works in Namimbia 1905 01:41:33.000 --> 01:41:35.039 and it took one year to be completed. 1906 01:41:35.319 --> 01:41:39.000 Right, so this five from the million dollars about. 1907 01:41:38.760 --> 01:41:41.720 To throw away in this airport would have given you know, 1908 01:41:41.760 --> 01:41:43.960 if you follow that model, it will give us five 1909 01:41:44.000 --> 01:41:49.840 from the mega works of electricity from solar. Right if you, 1910 01:41:50.239 --> 01:41:52.680 if you, if you double it, if you, if you, 1911 01:41:52.920 --> 01:41:55.520 if you put if you would even do like hundred 1912 01:41:55.840 --> 01:41:58.800 mega works or solar plants in the cisty your political zone, 1913 01:41:59.439 --> 01:42:01.920 and and you get a season that mega wants to 1914 01:42:02.079 --> 01:42:05.319 only focus on federal infrastructure in those in those those 1915 01:42:05.439 --> 01:42:09.079 like the universities, the digital hospitals and all the federal stuff. 1916 01:42:09.439 --> 01:42:12.680 Then you would have powered you know, all those universities 1917 01:42:12.840 --> 01:42:17.039 and all the federal university and also all those medical centers. 1918 01:42:17.640 --> 01:42:21.159 You know, you know two four seven for forever. It 1919 01:42:21.319 --> 01:42:23.760 has greater more impact than whatever you are doing in 1920 01:42:23.800 --> 01:42:26.079 the airport. So the land I would say it's a 1921 01:42:26.119 --> 01:42:29.119 waste of money. The government needs to hands off, lease 1922 01:42:29.239 --> 01:42:32.920 out all the airport. We who use the airport will 1923 01:42:33.119 --> 01:42:35.960 enjoy it because it's going to becob world standard. It's 1924 01:42:36.039 --> 01:42:38.960 not this thing that is smelling like you you are 1925 01:42:39.000 --> 01:42:41.760 standing in line to to to get your passport checked 1926 01:42:41.960 --> 01:42:44.800 and the toilet is you know, you are smelling bad 1927 01:42:44.920 --> 01:42:48.119 toilets and they heat and they eat and all that. 1928 01:42:48.359 --> 01:42:50.720 If they privatize it to a global company who knows 1929 01:42:50.760 --> 01:42:53.760 how to run airport, you know, these airport which is 1930 01:42:53.800 --> 01:42:56.319 the first thing that people see what's they're coming to Nigeria, 1931 01:42:56.600 --> 01:42:58.880 it will become something that we can be pride of. 1932 01:42:59.279 --> 01:43:00.800 So a waste of money. 1933 01:43:01.079 --> 01:43:02.039 And I'm even. 1934 01:43:01.960 --> 01:43:04.560 Surprised why the Senate is not you know, I don't 1935 01:43:04.560 --> 01:43:06.560 even know. Like that is why I don't even believe 1936 01:43:06.600 --> 01:43:10.840 in all these new party, this coalition, because what had 1937 01:43:11.039 --> 01:43:13.640 the Senate us doing in the National Assembly? Why are 1938 01:43:13.680 --> 01:43:16.840 they not questioning all this one appropriated end each other 1939 01:43:16.920 --> 01:43:18.520 that that that we're making. 1940 01:43:18.600 --> 01:43:19.800 Nobody is asking questions. 1941 01:43:19.840 --> 01:43:22.319 Yeah, doctor b doctor if you put just want to 1942 01:43:22.359 --> 01:43:24.079 make sure highlights A few points you raised are very 1943 01:43:24.159 --> 01:43:27.359 very important. Number One, you've talked about us using the 1944 01:43:27.479 --> 01:43:31.159 private sector funds to grow these assets and not the 1945 01:43:31.279 --> 01:43:33.399 federal government funds, which I think is very very key. 1946 01:43:33.560 --> 01:43:35.800 You just sort of glossed over that in the UK, 1947 01:43:36.600 --> 01:43:41.399 all the airports Garthwick, he Through, Bristol, Luton, stands Field, 1948 01:43:41.520 --> 01:43:44.600 all they are being expanded, and they are all being 1949 01:43:44.680 --> 01:43:48.960 expanded with private sector money, with government backing, government guarantees, 1950 01:43:49.000 --> 01:43:52.000 government approve us and all that not not distinct not 1951 01:43:52.119 --> 01:43:54.520 the Government of the UK's money. So if we have 1952 01:43:54.600 --> 01:43:57.960 an airport, that airport is viable, like Legos Airport is viable, 1953 01:43:58.279 --> 01:44:01.399 why then are we're not using private sector funds to 1954 01:44:01.439 --> 01:44:05.399 do Legos Airport. If it is viable, it's then the 1955 01:44:05.600 --> 01:44:08.680 unviable ones in quotes that we have talked about that 1956 01:44:08.800 --> 01:44:11.600 should then get the federal support because the feder government 1957 01:44:11.720 --> 01:44:15.159 does not really worry about the economic side of the 1958 01:44:15.239 --> 01:44:19.279 business that are want more about the spread development. So 1959 01:44:19.399 --> 01:44:23.119 if Legos is quote unquote has the highest numbers and 1960 01:44:23.279 --> 01:44:26.439 it's profitable, then you shouldn't get the federal You should 1961 01:44:26.479 --> 01:44:29.239 get a federal guarantee, but not the federal nran Kobo. 1962 01:44:29.520 --> 01:44:30.960 I think there is that point to measure that that 1963 01:44:31.039 --> 01:44:35.119 point is it's understood clearly, Like like you said, where 1964 01:44:35.239 --> 01:44:37.479 is the private sector in all this? We built the 1965 01:44:37.600 --> 01:44:42.399 Legos roads with pension money, the Legos Lucky Road pension money, 1966 01:44:42.640 --> 01:44:45.560 privacy of money and now it's there. So doctor, there's 1967 01:44:45.560 --> 01:44:47.720 a measure. Go back to that point you raise because. 1968 01:44:50.119 --> 01:44:52.000 I think they don't want to privatise it. 1969 01:44:52.199 --> 01:44:55.199 It's also the reason why we have some redundant institutions 1970 01:44:55.239 --> 01:44:57.920 in Ninja, like we have insolutions like JAM. 1971 01:44:58.800 --> 01:45:01.319 Some of our these institutions that that have supposed to 1972 01:45:01.359 --> 01:45:03.600 be have ended. But there are people who are eating 1973 01:45:03.720 --> 01:45:04.039 from me. 1974 01:45:04.199 --> 01:45:08.000 Right, So if you if you, if you privatize this airport, 1975 01:45:08.439 --> 01:45:13.000 then this Federal Airport Authority as an organization, who will 1976 01:45:13.079 --> 01:45:14.399 become obsolete? 1977 01:45:14.560 --> 01:45:14.680 Right? 1978 01:45:15.079 --> 01:45:18.439 So what about people who have you know who that 1979 01:45:18.760 --> 01:45:21.319 is their cash cow? Like there are people who talk 1980 01:45:21.439 --> 01:45:24.279 like that their cash car for the past fifty years, okay, 1981 01:45:24.920 --> 01:45:27.079 something like something like JAM. I've been in a room 1982 01:45:27.079 --> 01:45:28.920 where they're talking about, you know, we need to end 1983 01:45:29.039 --> 01:45:31.720 jams so that you know, people can after they go 1984 01:45:31.800 --> 01:45:34.399 to the university and write and write entrance examination and 1985 01:45:34.479 --> 01:45:37.239 get port. Then the money that people are making in 1986 01:45:37.560 --> 01:45:39.600 that organization, the people who are making that money. 1987 01:45:39.640 --> 01:45:41.560 It's still going to allow you to kill where they're 1988 01:45:41.640 --> 01:45:44.520 eating from. So it's hard. It's our production at the 1989 01:45:44.600 --> 01:45:45.079 end of the day. 1990 01:45:45.159 --> 01:45:47.560 Thank you, all right, all right, great point. Just want 1991 01:45:47.600 --> 01:45:49.039 to make a great point. Just want to highlight that 1992 01:45:49.199 --> 01:45:51.560 fact that we're avoiding the privacy to the first has 1993 01:45:51.560 --> 01:45:55.399 a big, big role to play in this federal What 1994 01:45:55.600 --> 01:45:58.880 would they build out of infrastructure? The federal government does 1995 01:45:58.960 --> 01:46:01.000 not have the money to do this. And if you 1996 01:46:01.079 --> 01:46:04.560 don't try to borrow the money, it can guarantee the money, 1997 01:46:04.640 --> 01:46:08.640 it can facilitate and highlight and get that money too, Annagera. 1998 01:46:08.720 --> 01:46:11.319 But if it's a government use his own budget, not 1999 01:46:11.479 --> 01:46:14.720 it's going to get done. We can do coastal Road airport, 2000 01:46:15.000 --> 01:46:18.359 but that will road Socoto Road all from the federal project. 2001 01:46:18.439 --> 01:46:21.119 It's not simply enough. Cyrus, How are you doing, Cyrus? 2002 01:46:21.199 --> 01:46:23.319 You've heard all we're talking about. What's your texture? 2003 01:46:24.319 --> 01:46:24.520 Yeah? 2004 01:46:24.680 --> 01:46:25.479 Thank you very much. 2005 01:46:25.640 --> 01:46:27.560 Delive in everyone living in Calu. 2006 01:46:27.840 --> 01:46:30.399 And I really agree with what the last peaker. 2007 01:46:30.159 --> 01:46:34.439 I said about these all misplacement in terms of where 2008 01:46:34.520 --> 01:46:37.319 we spend that spare money. Because most of the time 2009 01:46:37.439 --> 01:46:40.920 will talk about these things, we usually forget that the 2010 01:46:41.079 --> 01:46:43.840 money that they has been allocated by the federal government 2011 01:46:44.239 --> 01:46:47.119 is from the back pockets of Nigeria's people when we 2012 01:46:47.199 --> 01:46:49.960 or the other whether to divart you pay or to 2013 01:46:50.119 --> 01:46:51.439 your pit. 2014 01:46:51.359 --> 01:46:56.119 Or your company from terms or whatnot. So and for me, 2015 01:46:56.880 --> 01:47:02.039 I think the Minister of Aviation just to play the 2016 01:47:02.119 --> 01:47:03.399 devils are looking for a moment. 2017 01:47:03.640 --> 01:47:06.079 It said that it was trying to. 2018 01:47:06.119 --> 01:47:08.199 Have an agreement with access back. 2019 01:47:08.399 --> 01:47:13.000 You know, we relate a big way that show some 2020 01:47:13.079 --> 01:47:17.960 peace to a the kind of probably part partnership with 2021 01:47:18.079 --> 01:47:20.600 them that they're venture up in the airport that they're 2022 01:47:20.600 --> 01:47:23.319 meventually listened out to them for their service whatever. 2023 01:47:23.359 --> 01:47:26.600 I don't know, but that agreement did not work because 2024 01:47:27.119 --> 01:47:29.960 we we we we died. Probably there was the reason 2025 01:47:30.000 --> 01:47:31.800 why they decided to take it on themselves. 2026 01:47:31.800 --> 01:47:34.439 But in my own personal opinion, I still feel like 2027 01:47:34.560 --> 01:47:36.279 it's a mispass polity. 2028 01:47:37.640 --> 01:47:39.880 In the light of where we are today. You mentioned 2029 01:47:39.920 --> 01:47:41.960 something about where are we getting the money from? Like 2030 01:47:42.079 --> 01:47:43.840 where is all this man? Where is it coming from? 2031 01:47:43.880 --> 01:47:46.520 And it's even properly used like is he is he 2032 01:47:46.600 --> 01:47:50.039 our polity right now? Because somebody says something also about 2033 01:47:50.600 --> 01:47:52.199 you know, this is not like you're building a new 2034 01:47:52.239 --> 01:47:55.319 airport it's not like you're adding extra value. You're adding 2035 01:47:55.399 --> 01:47:56.720 like extra productivity. 2036 01:47:56.760 --> 01:47:59.239 Is not like anything is going to change, probably going 2037 01:47:59.319 --> 01:48:02.359 to introd some other told feel or whatever you know 2038 01:48:02.479 --> 01:48:04.359 in the in the world or whatever. 2039 01:48:04.479 --> 01:48:07.920 But if there's nothing on the net, not is going 2040 01:48:07.960 --> 01:48:09.960 to change in terms of productivity. 2041 01:48:10.239 --> 01:48:12.119 There's not a building a network of rule where it 2042 01:48:12.159 --> 01:48:15.520 is connected to market, connected to a place of work, 2043 01:48:15.560 --> 01:48:16.680 connected to in those tries. 2044 01:48:16.760 --> 01:48:19.279 It's just you's just innovating a. 2045 01:48:19.399 --> 01:48:24.000 Symbolic building so that I don't know for some reasons 2046 01:48:24.039 --> 01:48:26.600 and think they calls outweigh the benefits. 2047 01:48:26.640 --> 01:48:30.079 That's what I'm saying in essence now to speak to. 2048 01:48:30.199 --> 01:48:34.840 The issue itself about fellow cat and infrastructure spending. Now government, 2049 01:48:35.359 --> 01:48:38.439 government is not there's more unlimited resources. 2050 01:48:38.840 --> 01:48:40.039 That's the first of them to agree on. 2051 01:48:40.319 --> 01:48:42.920 Because sometimes I want to talk about infrastructure and building 2052 01:48:43.039 --> 01:48:45.720 stuff and these and that is assumed that government can 2053 01:48:45.760 --> 01:48:48.199 only go money on trees and this, which is not 2054 01:48:48.319 --> 01:48:48.760 the case. 2055 01:48:49.159 --> 01:48:54.560 And every region, every every place in Nigeria has its own, 2056 01:48:55.039 --> 01:48:55.239 you know. 2057 01:48:55.720 --> 01:48:59.039 Unique market or it's needed, it's unique economy and it's unique. 2058 01:48:59.119 --> 01:49:01.920 It will dispose your people do there. And so if 2059 01:49:01.960 --> 01:49:03.720 a structure should be targeted like that. 2060 01:49:04.479 --> 01:49:06.840 It's not like I remember there was an argument about 2061 01:49:06.840 --> 01:49:10.000 it as the definanci's not definite, and that those are 2062 01:49:10.079 --> 01:49:13.960 the kinds of issues when we when we make policies 2063 01:49:14.279 --> 01:49:17.439 that's based on not just common sense, but it's based 2064 01:49:17.479 --> 01:49:20.279 on political business, and we. 2065 01:49:20.319 --> 01:49:22.199 Start spending more than I supposed to spend money. 2066 01:49:23.239 --> 01:49:25.159 And if you ask me, some of this pool ject 2067 01:49:25.239 --> 01:49:28.119 that does state based, region based, it should be taken 2068 01:49:28.199 --> 01:49:31.560 upon by the government, and it's supposed to be by 2069 01:49:31.640 --> 01:49:34.920 the state government supposed to be in my opinion, that 2070 01:49:35.199 --> 01:49:40.039 the economic activities ought to compress any firs structure because. 2071 01:49:39.800 --> 01:49:42.319 If there's no if there's no economic activity that is. 2072 01:49:42.439 --> 01:49:47.880 Driving the mobilization for the infrastructure they're just building by 2073 01:49:48.079 --> 01:49:50.880 this guy. We've seen all of this thing app scattered 2074 01:49:50.920 --> 01:49:53.600 across the country where the government builds all kinds of 2075 01:49:53.720 --> 01:49:57.239 things and nothing is happening. So it's not I'm not 2076 01:49:57.520 --> 01:49:59.359 of the believer and I'm not of the story that 2077 01:49:59.439 --> 01:50:02.960 when you're building fast ructionhow and you will start participating. 2078 01:50:02.399 --> 01:50:02.960 In the economy. 2079 01:50:03.119 --> 01:50:05.159 There has to be some level of economy and then 2080 01:50:05.199 --> 01:50:06.479 the co movement coming. 2081 01:50:06.319 --> 01:50:10.359 And support we certain firstruction to develop and to consulate 2082 01:50:10.600 --> 01:50:12.279 that economic activity Cyrus. 2083 01:50:13.000 --> 01:50:15.720 Sarah, let's let's take on that's let's dive into that topic. 2084 01:50:15.880 --> 01:50:19.279 So I hear you saying that if this is common, saying, 2085 01:50:19.399 --> 01:50:22.000 if you build it, they will come. You are saying 2086 01:50:22.079 --> 01:50:25.159 there has to be some economic activity first of all, 2087 01:50:25.800 --> 01:50:28.079 before you build it. Let me play, there was advocated 2088 01:50:29.319 --> 01:50:31.399 Sarah Sarrus, let me let me build, let me play. 2089 01:50:31.399 --> 01:50:34.640 That was advocate. What was the economic activity in Legos 2090 01:50:35.600 --> 01:50:38.479 before the government, before the government build the ports, the 2091 01:50:38.680 --> 01:50:44.439 airports before nineteen sixty in nineteen nineteen twenty. 2092 01:50:44.720 --> 01:50:48.159 Has always been Legos has always been because of its 2093 01:50:48.239 --> 01:50:50.800 proximity to the cause. 2094 01:50:50.960 --> 01:50:52.600 Not really, you know it was you know, it was 2095 01:50:52.640 --> 01:50:56.359 Caliber Cyrus. The it was Calibar and Niger States. Sorry, 2096 01:50:56.680 --> 01:50:59.720 not like zung Girru. It was Zungeru. There was Caliber. 2097 01:51:00.199 --> 01:51:03.520 Legos didn't even have a port. The legal to them 2098 01:51:03.640 --> 01:51:04.319 have a proper. 2099 01:51:06.800 --> 01:51:12.239 Been to some estate to some estates have also been 2100 01:51:12.399 --> 01:51:15.199 a kind of legion of international commerce. 2101 01:51:15.800 --> 01:51:17.960 Not really. I just said that there was no part. 2102 01:51:18.079 --> 01:51:21.119 If you if you're the history of Nigeria, right, there 2103 01:51:21.239 --> 01:51:24.000 wasn't there was. They actually have a contract in London. 2104 01:51:24.199 --> 01:51:26.079 There's a book of it where there was no part 2105 01:51:26.159 --> 01:51:29.079 in Legos. Legos had this currents and it was like 2106 01:51:29.159 --> 01:51:31.920 a big conference, how can we build a port in 2107 01:51:32.000 --> 01:51:35.279 this place? Currents are wiping away the harbor Calabal was 2108 01:51:35.319 --> 01:51:37.920 a very very safe port. But they wanted to come 2109 01:51:37.960 --> 01:51:40.640 to Legos because the Colonel Office was in Legals. Remember 2110 01:51:40.680 --> 01:51:44.119 that the UAC was a private company and when the 2111 01:51:44.520 --> 01:51:47.640 UK government took over UAC, they had to then build 2112 01:51:47.680 --> 01:51:50.279 a port in Legos because the Colonel Office, not the 2113 01:51:50.359 --> 01:51:53.359 Foreign Office, took over, so they have to build the port. 2114 01:51:53.439 --> 01:51:57.279 So the point that the point making that yeah, but 2115 01:51:57.439 --> 01:51:59.680 if if okay, let's look at let's go, let's go 2116 01:51:59.760 --> 01:52:02.439 to do there was nothing happened in Dubai when they built. 2117 01:52:03.199 --> 01:52:05.960 When the Dubai started, they build the airport, they build 2118 01:52:05.960 --> 01:52:08.520 the port, they passed the laws and then commerce came 2119 01:52:09.000 --> 01:52:09.520 in Dubai. 2120 01:52:11.000 --> 01:52:13.119 Okay, okay, let me let me tell you legals, then 2121 01:52:13.159 --> 01:52:14.119 I go to Dubai. Right. 2122 01:52:14.479 --> 01:52:18.760 They mentioned that the companies they see the value in 2123 01:52:19.000 --> 01:52:21.199 the need for the port. What I'm saying is that 2124 01:52:21.359 --> 01:52:24.199 there are situations in Najeraa have seen like and I 2125 01:52:24.319 --> 01:52:30.319 can't stay that people building people government building started infrastructure 2126 01:52:30.680 --> 01:52:33.920 that is not based on the economic cisy it's based 2127 01:52:34.000 --> 01:52:37.720 on political reasons, and it's based on what we're describing 2128 01:52:37.840 --> 01:52:41.520 this particular conversation as further character. 2129 01:52:41.960 --> 01:52:44.800 Not because there is a need for you. That's one 2130 01:52:44.880 --> 01:52:47.520 part of it. So it's no model the conversation. 2131 01:52:47.880 --> 01:52:50.880 Now the issue of Dubai or place it will say 2132 01:52:50.920 --> 01:52:53.760 Norway right or other costs like that. What is their 2133 01:52:53.840 --> 01:52:58.359 fiscal condition and what the fiscal conditions of Nigeria in 2134 01:52:58.479 --> 01:53:01.279 a certainly for example, when I was swimming in the 2135 01:53:01.359 --> 01:53:04.319 oil boom revenue that go over five hundred percent, we 2136 01:53:04.399 --> 01:53:07.680 can't wait. We can be lazy enough to do yourself 2137 01:53:07.920 --> 01:53:11.720 in all kind of mega put make economic size. Do 2138 01:53:11.880 --> 01:53:14.079 bad have the money to do that? And they did 2139 01:53:14.159 --> 01:53:16.880 all of those things, and yes it's po economic good. 2140 01:53:16.960 --> 01:53:19.760 But you can see into weather. If they were not 2141 01:53:19.880 --> 01:53:21.279 in that position, would. 2142 01:53:21.079 --> 01:53:25.199 That be an economically sensible thing to do? 2143 01:53:26.960 --> 01:53:30.119 Cyrus, I can I can trust single powerts you that 2144 01:53:30.239 --> 01:53:32.239 had no money and build the infirst. 2145 01:53:33.840 --> 01:53:34.760 Just start building the. 2146 01:53:36.439 --> 01:53:40.119 I know what going to Okay, last one again, guys, understand, 2147 01:53:40.119 --> 01:53:42.880 I'm just saying that was advocates certain last one, Syrus, 2148 01:53:42.880 --> 01:53:44.600 this and not this is not this is our project 2149 01:53:44.680 --> 01:53:47.359 already existing. We have a port in a door. We 2150 01:53:47.479 --> 01:53:49.359 have a port in Worry. We have a port that 2151 01:53:49.479 --> 01:53:53.279 already existing. The same way we are expanding the ports 2152 01:53:53.319 --> 01:53:56.439 in Legos and the airports in Legos. We also have 2153 01:53:56.640 --> 01:54:00.560 airports in a door in Worry that we can also expands. 2154 01:54:00.600 --> 01:54:03.000 So they're not they're not a federal character quote unquote, 2155 01:54:03.000 --> 01:54:05.479 they're not green projects. There are brown field we have 2156 01:54:05.600 --> 01:54:08.359 to go in and expand them. So instead of driving 2157 01:54:08.479 --> 01:54:10.439 on the way to Legos, you can send in your 2158 01:54:10.479 --> 01:54:13.079 big ship to a door to Worry, or you can 2159 01:54:13.159 --> 01:54:15.600 fly do and Worry or protact colts out of the country. 2160 01:54:15.800 --> 01:54:20.279 So it's already existing that in market clusters. It door 2161 01:54:20.319 --> 01:54:22.880 has a market cluster. There a lot tons of das, 2162 01:54:22.960 --> 01:54:25.000 but tons of activity in a door. Worry has a 2163 01:54:25.079 --> 01:54:28.680 market cluster already. So the airport then logo for an instance, 2164 01:54:28.720 --> 01:54:31.079 that was built by the state's already there. The Federrama 2165 01:54:31.119 --> 01:54:32.439 can go there and say, Okay, we're going to make 2166 01:54:32.479 --> 01:54:35.399 this airport and airport, make it cargo. It's already there. 2167 01:54:35.439 --> 01:54:39.399 It's existing in a number, so there's already a market. 2168 01:54:39.479 --> 01:54:40.920 I think the point is that you should they now 2169 01:54:41.000 --> 01:54:43.560 be federal characters to say, if you're going to spend 2170 01:54:43.800 --> 01:54:46.840 we can spend one for one. Lego is a larger market, 2171 01:54:46.920 --> 01:54:50.319 so legals will get the bulk of the federal spend. 2172 01:54:50.680 --> 01:54:53.960 But should they also be spend across Nigeria to ensure 2173 01:54:54.000 --> 01:54:58.000 that development happens across the countries we're all talking about. 2174 01:55:00.119 --> 01:55:00.880 The bottom line. 2175 01:55:00.960 --> 01:55:04.600 Cal This is my last point is that your location 2176 01:55:05.079 --> 01:55:07.359 in terms of infrastructure. 2177 01:55:06.720 --> 01:55:11.199 Should be perceived like what exactly are you trying to 2178 01:55:11.319 --> 01:55:11.720 be there? 2179 01:55:12.000 --> 01:55:12.119 Right? 2180 01:55:12.840 --> 01:55:16.720 Even let's take about the state for example, right, many states. 2181 01:55:16.399 --> 01:55:17.319 Are building airport. 2182 01:55:17.760 --> 01:55:21.439 Nobody's coming, no, no single flight. 2183 01:55:21.359 --> 01:55:25.399 Is no, right, they're doing that. So it should be 2184 01:55:25.600 --> 01:55:28.359 that for me, like I said earlier, this. 2185 01:55:28.960 --> 01:55:32.600 Innovation it's it's you know, for me, it doesn't make 2186 01:55:32.640 --> 01:55:35.439 any sense because because of the money and everything in 2187 01:55:35.520 --> 01:55:38.000 a net, it does not give you anything in return. 2188 01:55:38.319 --> 01:55:41.760 So infrastructure should be based on what exactly is the 2189 01:55:41.880 --> 01:55:44.119 market cluster of that particular region. 2190 01:55:44.520 --> 01:55:48.520 You can understood, so understand good back up, Victim book, 2191 01:55:48.680 --> 01:55:50.439 you picked a job writing picked us? Have you in 2192 01:55:50.600 --> 01:55:58.359 victor Victim? Yeah, I can hear you go ahead. 2193 01:56:00.119 --> 01:56:01.039 Right, thank you very much. 2194 01:56:01.239 --> 01:56:01.840 Living house. 2195 01:56:02.640 --> 01:56:04.880 So I've been following the conversation and. 2196 01:56:05.159 --> 01:56:08.199 I think I want to pick up from where Cyrus 2197 01:56:08.319 --> 01:56:13.239 dropped of What Cyrus is actually saying is that Singapore like. 2198 01:56:14.279 --> 01:56:15.119 Actually, you have to be. 2199 01:56:16.640 --> 01:56:19.079 Valuable before you have to do like before you look 2200 01:56:19.119 --> 01:56:23.560 at the infrastructure, and I think, like Singapore, you made 2201 01:56:23.640 --> 01:56:25.079 mention of they are. 2202 01:56:25.039 --> 01:56:28.359 Actually net exporters, and I didn't think the US. 2203 01:56:28.279 --> 01:56:30.720 Yet net exporting, but there weren't. They went in to 2204 01:56:30.800 --> 01:56:33.760 net exports are when they started. You see the point 2205 01:56:33.800 --> 01:56:36.239 when they started, they were inter net export. That's the 2206 01:56:36.279 --> 01:56:38.640 point I'm trying to make with Singapore. Singapore is an 2207 01:56:38.680 --> 01:56:41.640 island with rats and stone. That's what That's what the 2208 01:56:41.720 --> 01:56:46.359 PM said. Then they then build the ports, world class ports, 2209 01:56:46.600 --> 01:56:49.840 world class ports, and then passed the laws. 2210 01:56:49.920 --> 01:56:54.560 And people came, okay, let's let's look at America. Before 2211 01:56:54.680 --> 01:56:59.079 Henry Foster left building cars, there was infrastructure, but infrastructure 2212 01:56:59.199 --> 01:57:02.079 full of techniqelogies and referred after abuse Carr, you. 2213 01:57:02.119 --> 01:57:03.880 Know, oh we need rules for these cars. 2214 01:57:05.000 --> 01:57:05.399 That's when. 2215 01:57:05.560 --> 01:57:08.079 Now, okay, let's build roads and refers the building cars 2216 01:57:08.119 --> 01:57:11.079 before road skin and I think that's that's where we 2217 01:57:11.159 --> 01:57:14.800 should be, not building roads before the cars. And actually, 2218 01:57:14.960 --> 01:57:17.720 if we have to build cars, or if you have 2219 01:57:17.840 --> 01:57:21.960 to actually build infrastructure, it has to follow what we 2220 01:57:22.159 --> 01:57:22.880 can do like. 2221 01:57:23.119 --> 01:57:25.159 Our next expert lie each day. 2222 01:57:25.239 --> 01:57:27.680 I believe there's something they can export, there's something they 2223 01:57:27.720 --> 01:57:32.119 can process. Singapore probably they don't have much imports. The 2224 01:57:32.840 --> 01:57:36.920 imports raw materials, refine them and re export them. That's 2225 01:57:37.199 --> 01:57:39.279 education at work. And that's actually the way I wanted 2226 01:57:39.359 --> 01:57:43.720 to point at actually for us to become valuable and 2227 01:57:44.399 --> 01:57:46.119 our infrastructure. 2228 01:57:45.479 --> 01:57:48.920 Really bringing what we want. I think the educational sect 2229 01:57:49.039 --> 01:57:49.920 needs to be fift up. 2230 01:57:50.600 --> 01:57:52.720 We need to we need to do much more with 2231 01:57:53.319 --> 01:57:56.039 like education in Anglia, I don't think. I don't think 2232 01:57:56.199 --> 01:57:59.000 education and Anglia is up to what be if we 2233 01:57:59.239 --> 01:58:03.359 invest more and your points earlier, earlier on I. 2234 01:58:03.439 --> 01:58:04.000 Was listening to you. 2235 01:58:04.039 --> 01:58:05.600 You say that we at least. 2236 01:58:05.479 --> 01:58:08.520 Send people out of the country and they should study 2237 01:58:08.600 --> 01:58:09.760 and come back to Nigeria. 2238 01:58:10.159 --> 01:58:11.319 I'm not sure that works. 2239 01:58:12.079 --> 01:58:15.279 In my secondary school many years ago, he sends some 2240 01:58:15.439 --> 01:58:18.319 of the best teachers out of the country universe and 2241 01:58:18.479 --> 01:58:21.640 just tellone and till today, I can remember one person's 2242 01:58:21.720 --> 01:58:24.279 name that never returned and I think. 2243 01:58:24.199 --> 01:58:26.960 It happened again dream where eastern on they never returned. 2244 01:58:27.279 --> 01:58:30.880 So but somehow so I think we can be for 2245 01:58:31.199 --> 01:58:35.760 like make our educational system better of have like everythink 2246 01:58:35.960 --> 01:58:37.720 I look at China, how. 2247 01:58:37.680 --> 01:58:38.600 Do how do you learn? 2248 01:58:39.079 --> 01:58:42.680 They don't just learn to become workers or I think 2249 01:58:42.720 --> 01:58:46.319 they learned to build America also they actually they actually 2250 01:58:46.399 --> 01:58:47.439 learning to create something. 2251 01:58:47.520 --> 01:58:48.640 They're learning to build. 2252 01:58:49.119 --> 01:58:52.079 So for us to build better infrastructure that will become 2253 01:58:52.199 --> 01:58:56.159 profitable for the Nigeria society or Nigeria as a whole. 2254 01:58:56.000 --> 01:58:58.039 I think we have to start having that mindset. 2255 01:58:58.079 --> 01:59:01.640 Okay, if we have important worry, what's that? 2256 01:59:01.840 --> 01:59:01.880 What? 2257 01:59:02.119 --> 01:59:04.680 What is that thing we can produce? Or what will 2258 01:59:04.840 --> 01:59:05.600 be what will be the. 2259 01:59:05.720 --> 01:59:09.239 Main economic driver in worry? Or what can people in 2260 01:59:09.359 --> 01:59:11.960 worry do if you want to export something like titles? 2261 01:59:12.399 --> 01:59:15.479 I mean we're important titles, so I don't know now, 2262 01:59:15.560 --> 01:59:18.960 but we're important fishing. If we have fishing worry and 2263 01:59:19.319 --> 01:59:21.199 I'm just saying, I really have fishing warring. 2264 01:59:21.439 --> 01:59:22.640 If we have fishing worry. 2265 01:59:22.479 --> 01:59:24.239 And we can process it and send it to other 2266 01:59:24.279 --> 01:59:27.680 African countries, then we can say, oh, we needly put them. 2267 01:59:28.119 --> 01:59:31.560 But actually, right now, I think someone say that the 2268 01:59:31.680 --> 01:59:32.439 airport is not. 2269 01:59:33.039 --> 01:59:35.000 There, doesn't ever wrong to be for ours. I think 2270 01:59:35.000 --> 01:59:37.760 we are putting the is it the cart before the 2271 01:59:37.880 --> 01:59:38.760 horse before? 2272 01:59:39.319 --> 01:59:41.720 But again Victor, this is I think when we can't eat. 2273 01:59:41.880 --> 01:59:43.479 You can have it right, This is how I look 2274 01:59:43.520 --> 01:59:45.279 at this commision. We can eat. You can have it 2275 01:59:46.039 --> 01:59:47.760 if you ever can go to I don't want to 2276 01:59:47.760 --> 01:59:50.479 send put to their office. And then over there's a 2277 01:59:50.640 --> 01:59:54.239 UAC building in Legos, UC on a Doula street. If 2278 01:59:54.279 --> 01:59:56.199 you ever have the chance to go into the USC building, 2279 01:59:56.279 --> 02:00:00.359 you will see the picture of Legos in nineteen fifty 2280 02:00:00.560 --> 02:00:03.119 nineteen sixty when they were building the fly of Us. 2281 02:00:03.880 --> 02:00:07.079 There was no car in Legos back then? How many 2282 02:00:07.079 --> 02:00:09.159 popo had kind Legos? Go look at you see where 2283 02:00:09.159 --> 02:00:11.720 they were building it. You see very few cars. They 2284 02:00:11.840 --> 02:00:14.880 build those overhead bridges because they anticipated and in the 2285 02:00:14.920 --> 02:00:19.000 next twenty five years Nigeria would be a massive economy, 2286 02:00:19.399 --> 02:00:23.640 lots of cars, so they needed those cars to be built. 2287 02:00:23.760 --> 02:00:26.720 You get what the putumt making. You build in anticipation, 2288 02:00:27.279 --> 02:00:30.000 anticipation of what's going to happen. Number one. That's number two. 2289 02:00:30.079 --> 02:00:32.520 Number two. We already have the port in a do 2290 02:00:33.119 --> 02:00:35.920 we already have the port in worry. We already have 2291 02:00:36.039 --> 02:00:38.239 the port in on air. We already have the port 2292 02:00:38.399 --> 02:00:41.000 in caliber. They already exist. Those ports that have been 2293 02:00:41.039 --> 02:00:44.039 working today if they were drafted. The reason why they're 2294 02:00:44.079 --> 02:00:46.239 not working is because the ships they need to be 2295 02:00:46.399 --> 02:00:49.880 dredged so bigger ships can go there. We're not debating 2296 02:00:50.039 --> 02:00:53.239 the Lego sport, the Lego sport, the route the airport 2297 02:00:53.439 --> 02:00:56.439 in my view, because we want to build an economy 2298 02:00:56.479 --> 02:00:58.840 that's going to take us number one in Africa, they 2299 02:00:58.960 --> 02:01:02.399 have got to be fike. Should the money come from where? 2300 02:01:03.119 --> 02:01:06.800 That's a different topic, right, but federal character would say 2301 02:01:06.880 --> 02:01:10.319 that if you have a one billion, Legos can get 2302 02:01:10.399 --> 02:01:13.239 five hundred billion. The other states can get their many 2303 02:01:13.279 --> 02:01:15.760 five but about four or five states I've called here. 2304 02:01:16.239 --> 02:01:19.520 But if we take seven hundred the whole money to 2305 02:01:19.760 --> 02:01:24.039 one airport, all were doings were concentrating those activities in 2306 02:01:24.239 --> 02:01:28.359 one zone, which will become over crowded. Again. If you 2307 02:01:28.960 --> 02:01:31.960 fix the airport, what's the road from the airport is 2308 02:01:32.000 --> 02:01:34.279 still the same usher the express road from the airport 2309 02:01:34.359 --> 02:01:36.720 Now it's not the same oshand expressway. It's going to 2310 02:01:36.800 --> 02:01:40.399 be the same issue that will end up in Ecualdu Expressway, 2311 02:01:40.479 --> 02:01:42.079 as is there going to be a new road. There 2312 02:01:42.359 --> 02:01:44.640 is the same road. But if you fixed a dough 2313 02:01:45.319 --> 02:01:48.600 or worry or caliber, at least you are sending some 2314 02:01:48.760 --> 02:01:53.000 traffic out, which is why even in Legos alone, we 2315 02:01:53.079 --> 02:01:55.720 had tin Can a Papa and the other port. We 2316 02:01:55.840 --> 02:01:58.920 have three in Legos because one got over crowded. Then 2317 02:01:58.920 --> 02:02:03.079 we build three ins to solve the overcrowded in Legos. 2318 02:02:03.720 --> 02:02:05.960 So to keep on and we're building a new one 2319 02:02:06.000 --> 02:02:09.079 in Pedagary. We're building on not new one. We're renovating 2320 02:02:09.119 --> 02:02:11.359 a new one in Legos. If we keep on renovating 2321 02:02:11.439 --> 02:02:14.399 and we'll get a world class in Legos, then the 2322 02:02:14.600 --> 02:02:18.119 whole of our current thing just keeps on happening. But 2323 02:02:18.319 --> 02:02:21.000 I refer to yourself, Go ahead, I. 2324 02:02:21.359 --> 02:02:24.479 Get your point, But my point is start. 2325 02:02:25.840 --> 02:02:30.239 Regardless of the number of ports we are building the playbook. 2326 02:02:30.319 --> 02:02:33.840 I think the playbook we are using right now or government. 2327 02:02:33.600 --> 02:02:37.479 Is in now is expired as no more in bod 2328 02:02:37.520 --> 02:02:39.000 that was some years ago. 2329 02:02:39.079 --> 02:02:42.800 That building infrastructures, I think that was when the predict 2330 02:02:42.840 --> 02:02:45.479 that Okay, in the next few years nine years, population 2331 02:02:45.720 --> 02:02:47.039 work grow and we need. 2332 02:02:47.039 --> 02:02:49.000 To buy cars, they need to buy this of let's 2333 02:02:49.039 --> 02:02:51.079 building ports and absolutely to work. 2334 02:02:51.520 --> 02:02:53.199 Now I don't think that works. 2335 02:02:53.800 --> 02:02:57.439 I think right now, what's every every mission should be 2336 02:02:57.479 --> 02:03:00.119 striving to have a pie in the globally co or 2337 02:03:00.199 --> 02:03:03.760 mixed like people. So we we are actually we should 2338 02:03:03.800 --> 02:03:04.920 actually be looking at. 2339 02:03:04.880 --> 02:03:08.479 Okay, work can be process and have this stamp or 2340 02:03:08.600 --> 02:03:12.560 need like like have this stampany globally or even in Africa. 2341 02:03:12.800 --> 02:03:15.199 I mean, even you've made that point, let me ask, 2342 02:03:15.640 --> 02:03:18.039 just final closing, do you think that we should use 2343 02:03:18.079 --> 02:03:21.319 federal character for infrastructure projects in Nigeria? 2344 02:03:22.319 --> 02:03:24.800 I don't think we're right in shorts even that investments 2345 02:03:24.880 --> 02:03:27.840 you should you should go to somewhere else not if 2346 02:03:27.960 --> 02:03:29.800 we want to use for airports, I think it should 2347 02:03:29.800 --> 02:03:31.000 go elsewhere. 2348 02:03:30.760 --> 02:03:32.000 Not really closer. 2349 02:03:32.439 --> 02:03:35.720 And even if it can even go to power, I mean, 2350 02:03:35.880 --> 02:03:38.119 our power is very low at the world, we generated 2351 02:03:38.239 --> 02:03:41.359 very it can go to power and it would actually 2352 02:03:41.520 --> 02:03:44.039 help a lot of if power is fixed a lot 2353 02:03:44.119 --> 02:03:46.239 and all other affectors would actually. 2354 02:03:45.920 --> 02:03:48.680 Kick up, you know, would it makes sense? Just just 2355 02:03:48.800 --> 02:03:52.239 general questions. Imagine if if imagine if Latino says we're 2356 02:03:52.279 --> 02:03:55.920 going to fix the power in Legos because Legos has 2357 02:03:55.960 --> 02:04:00.560 got more industries in Nigeria, so we're going to not 2358 02:04:00.760 --> 02:04:03.720 fix power anywhere else, but will fix power in Legos 2359 02:04:03.760 --> 02:04:06.159 so that Legos folks can get powered. Imagine how that 2360 02:04:06.199 --> 02:04:09.880 would sound. That would be absurd. People will say, people say, 2361 02:04:09.960 --> 02:04:11.680 what do you want are you talking about even if 2362 02:04:11.720 --> 02:04:14.720 I don't have industry in any group or just I 2363 02:04:14.800 --> 02:04:16.359 need power, you know what, you know, people need to 2364 02:04:16.439 --> 02:04:19.319 be absorbed. So why is that airport sound different to 2365 02:04:19.479 --> 02:04:21.840 us than say power? But gu's the point. I don't 2366 02:04:21.840 --> 02:04:23.760 know if you've spoken, No, have you spoken? I know 2367 02:04:23.840 --> 02:04:25.239 you have spoken? No no have you spoken? 2368 02:04:26.159 --> 02:04:26.319 No? No? 2369 02:04:26.479 --> 02:04:26.520 No? 2370 02:04:26.960 --> 02:04:27.000 No? 2371 02:04:28.840 --> 02:04:31.720 Oh please go ahead, yeah, go ahead now yeah. 2372 02:04:31.960 --> 02:04:32.159 Yeah. 2373 02:04:32.279 --> 02:04:36.760 So since I've been here people a lot of people 2374 02:04:36.840 --> 02:04:38.319 have said it doesn't point out to say it, but 2375 02:04:38.319 --> 02:04:41.560 I just want to say this. We need as a country, 2376 02:04:41.600 --> 02:04:46.279 we need partners. Realizes this this idea that you should 2377 02:04:46.359 --> 02:04:49.279 do everything ourselves. I can see that going around. 2378 02:04:50.000 --> 02:04:53.800 We can't as mentors not have the power to do 2379 02:04:53.880 --> 02:04:54.600 everything itself. 2380 02:04:54.680 --> 02:04:57.520 And the government can over run any they. 2381 02:04:57.479 --> 02:04:58.560 Can run an industry. 2382 02:04:58.640 --> 02:05:01.199 So we're talking about the airport, talking about the industries 2383 02:05:01.479 --> 02:05:03.399 that supposedly. 2384 02:05:02.960 --> 02:05:07.199 That our governments are running out there. It's it's not 2385 02:05:07.319 --> 02:05:10.119 something that they got. Any government can do. So I 2386 02:05:10.239 --> 02:05:13.079 believe so much in a privatization. I believe so much 2387 02:05:13.119 --> 02:05:16.439 in allies. So that's why I was reading. 2388 02:05:16.199 --> 02:05:18.560 About this in a social deal and I feel the 2389 02:05:18.720 --> 02:05:21.239 idea so from what I read is they want to 2390 02:05:22.039 --> 02:05:25.880 improve thee for if you look at the places they 2391 02:05:25.920 --> 02:05:30.279 want to improve, we say it's from the southwest and Legos, right, 2392 02:05:31.399 --> 02:05:33.720 I don't think Legos is up to international standard yet. 2393 02:05:33.880 --> 02:05:36.439 So if for me, if they want to improve it 2394 02:05:36.560 --> 02:05:40.680 to attract more partners from from the from the international body, 2395 02:05:40.760 --> 02:05:43.199 it's it's a good thing if they if they can 2396 02:05:43.279 --> 02:05:43.640 improve it. 2397 02:05:43.720 --> 02:05:47.000 But even saying that that the government can improve something, 2398 02:05:47.079 --> 02:05:48.640 to me, it's something that I do not agree with. 2399 02:05:48.720 --> 02:05:51.000 I don't believe in the government running things. 2400 02:05:51.039 --> 02:05:53.920 I believe the governments should go want things right. Why 2401 02:05:55.920 --> 02:06:01.199 an party that has stake there's an interest, the private body, 2402 02:06:01.279 --> 02:06:03.640 private person should be able to run small dies. 2403 02:06:05.199 --> 02:06:07.800 So I don't the idea that we have. 2404 02:06:08.159 --> 02:06:11.600 Also also the idea that we have to distribute the 2405 02:06:12.720 --> 02:06:14.840 the resources to other states. 2406 02:06:15.199 --> 02:06:17.439 I make sure they go to it. It sounds good, 2407 02:06:17.479 --> 02:06:19.720 but it's not work. 2408 02:06:20.000 --> 02:06:21.239 But it's the law. 2409 02:06:21.479 --> 02:06:24.359 It's the law. I hate that law. It's the worst 2410 02:06:24.439 --> 02:06:27.640 law in Nigeria's history. But it's in the law books. 2411 02:06:28.000 --> 02:06:32.119 And I think that sometimes people when it favors them. 2412 02:06:32.359 --> 02:06:35.680 People like that law. Why doesn't it favor them? They 2413 02:06:35.760 --> 02:06:38.520 sort of ignore it. I don't like federal character, but 2414 02:06:38.600 --> 02:06:41.399 it's the law. It's and there's a word in fa 2415 02:06:41.560 --> 02:06:46.359 character that says proportional. It's in the father character proportional. 2416 02:06:46.520 --> 02:06:49.399 So in what we're trying to say, which is stupid 2417 02:06:49.439 --> 02:06:51.800 in my views to say, if you're building legos, you 2418 02:06:51.920 --> 02:06:54.560 must building south. It doesn't make any sense in my view, 2419 02:06:55.640 --> 02:06:58.800 but it's the law. You can't. But again you can't. 2420 02:06:59.000 --> 02:07:02.560 The president can't have a fund. And then the president 2421 02:07:02.800 --> 02:07:06.279 a loan will determine where he would and where he 2422 02:07:06.319 --> 02:07:08.640 would give contracts to. So he will give contract to 2423 02:07:08.800 --> 02:07:12.119 Ekecher Airport, he'll give contract to the catch a Port, 2424 02:07:12.399 --> 02:07:14.920 he'll give conduct to but diagree. But other states don't have. 2425 02:07:15.119 --> 02:07:17.319 That's why we have a national same and a budget. 2426 02:07:17.720 --> 02:07:21.000 That's the reason why even matter how flawed that processes, 2427 02:07:21.159 --> 02:07:24.119 at least everyone will say would have a say. And 2428 02:07:24.279 --> 02:07:26.640 the way it's going, it's almost like we have one 2429 02:07:26.960 --> 02:07:30.079 emperor that can look, this is money from the budget. 2430 02:07:30.159 --> 02:07:33.199 This money is not money they're making from donations. This 2431 02:07:33.399 --> 02:07:36.039 is still money from subsidiy removal. This is money that 2432 02:07:36.199 --> 02:07:39.760 you and I are paying as taxes. So this is 2433 02:07:39.800 --> 02:07:42.199 the point that I sort of I don't agree with. 2434 02:07:42.319 --> 02:07:47.079 All right, the the idea of like an emperor the 2435 02:07:47.239 --> 02:07:49.199 again the right. 2436 02:07:49.840 --> 02:07:51.399 I don't think people criticize him. 2437 02:07:51.479 --> 02:07:52.800 The winning came for me. 2438 02:07:53.000 --> 02:07:56.760 Is that indeed, it's almost like it's almost like an emperor. 2439 02:07:57.000 --> 02:07:59.880 But all winning the laws, all winning the laws, all 2440 02:08:00.039 --> 02:08:06.079 within the laws. This this, this renewed Hope Infrastructure Fund, 2441 02:08:06.439 --> 02:08:09.800 it's not being pasted by National Assembly. It's not being 2442 02:08:09.880 --> 02:08:14.279 past National Assembly. You cannot spend money Section eighty of 2443 02:08:14.399 --> 02:08:19.199 the Constitution. You cannot spend money without appropriation. So on 2444 02:08:19.319 --> 02:08:22.720 the constitutional level, on the last level, if you can't 2445 02:08:22.760 --> 02:08:25.279 do it, this is this is ignoring the fact that 2446 02:08:25.359 --> 02:08:28.239 should we do federal character or not? The federal character 2447 02:08:28.680 --> 02:08:31.359 The very basis of that fund is wrong. 2448 02:08:32.920 --> 02:08:35.159 I understand what I say. I understand the federal character. 2449 02:08:35.319 --> 02:08:36.039 There understand it. 2450 02:08:36.079 --> 02:08:39.920 But we we we have to still know that we 2451 02:08:40.039 --> 02:08:40.279 are in. 2452 02:08:40.319 --> 02:08:40.920 A very. 2453 02:08:42.319 --> 02:08:45.680 We need allies to be to do understand so we 2454 02:08:45.760 --> 02:08:47.800 have to understand that we need them to be. 2455 02:08:48.119 --> 02:08:51.920 No Yeste's time, we need them to be today. There's 2456 02:08:51.920 --> 02:08:54.760 no country that can there's no country that can. 2457 02:08:57.960 --> 02:09:00.680 Go in the same of fund. Every of the country 2458 02:09:01.359 --> 02:09:05.039 you have, even America. Most of the as I said, 2459 02:09:05.800 --> 02:09:06.119 most of. 2460 02:09:06.159 --> 02:09:08.800 The companies that actually boose the economy are not run 2461 02:09:08.880 --> 02:09:13.640 by Native Americans. These are private people from different parts 2462 02:09:13.640 --> 02:09:14.079 of the world. 2463 02:09:14.399 --> 02:09:15.720 That is what we need in Nigeria. 2464 02:09:16.840 --> 02:09:18.319 That's one another. 2465 02:09:18.159 --> 02:09:20.920 Thing I want to say is there's a lot of. 2466 02:09:22.640 --> 02:09:25.920 A party from the Nigeria's towards the government like this 2467 02:09:26.079 --> 02:09:28.640 thing that this stuff that the government is doing. Now 2468 02:09:30.159 --> 02:09:32.000 I've not heard anybody say anything good about it. 2469 02:09:32.880 --> 02:09:33.960 Yes, it might it. 2470 02:09:34.079 --> 02:09:34.840 Might not be. 2471 02:09:35.960 --> 02:09:36.479 It might not be. 2472 02:09:36.600 --> 02:09:38.760 It might not it might not be good. 2473 02:09:39.479 --> 02:09:39.800 I don't know. 2474 02:09:40.319 --> 02:09:43.560 But there is an outcome that you are trying to 2475 02:09:43.760 --> 02:09:47.319 drive which might solve a particular issue. So I want 2476 02:09:47.399 --> 02:09:49.000 us to be looking at this from that aspect that 2477 02:09:49.640 --> 02:09:51.199 we can't solve all deprovements one day. 2478 02:09:51.319 --> 02:09:52.920 If if, if, if. 2479 02:09:53.159 --> 02:09:55.720 An actually by the government is solving in particular problems, 2480 02:09:56.079 --> 02:09:59.479 this should be they should be appreciated and praised, because 2481 02:09:59.680 --> 02:10:01.520 the wait to actually change people is. 2482 02:10:01.560 --> 02:10:04.840 To show appreciation, to show that, Okay, we understand what 2483 02:10:04.960 --> 02:10:06.359 you're doing, we're seeing what you're doing. 2484 02:10:07.039 --> 02:10:10.560 And even if even if it doesn't solve all our problems, 2485 02:10:10.600 --> 02:10:14.039 it's solving a particular problem. So if we can make legosity, 2486 02:10:14.159 --> 02:10:16.680 if what they're doing can make legosty, it's still that's 2487 02:10:16.720 --> 02:10:19.520 a trusting The development will move from there. 2488 02:10:20.399 --> 02:10:22.920 All right, And I understand your points here. Basically, let's 2489 02:10:22.920 --> 02:10:26.000 get let's just have one world class city. Let's have 2490 02:10:26.159 --> 02:10:27.880 that one. At least we can say we have one 2491 02:10:27.960 --> 02:10:29.800 world class city and that we can build from there. 2492 02:10:29.840 --> 02:10:31.279 That's the point you're making. Understood. 2493 02:10:31.319 --> 02:10:31.640 I hear you. 2494 02:10:32.319 --> 02:10:36.039 Let's get some sam some what's your take on all 2495 02:10:36.119 --> 02:10:40.119 the same. We're talking about infrastructure and somebody, what are 2496 02:10:40.159 --> 02:10:43.399 buying infrastructure, we're bringing in federal character, we're seeing it, 2497 02:10:43.600 --> 02:10:46.119 even talking about the presence part to allocate funds to 2498 02:10:46.119 --> 02:10:48.960 build this in a structure. You've had this guy talk 2499 02:10:49.000 --> 02:10:51.279 about the lest let's build one world class state even 2500 02:10:51.319 --> 02:10:53.039 if we have it. What youll take somebody? 2501 02:10:55.680 --> 02:11:02.119 Yeah, thanks Carl. I've listened to everyone in this kind 2502 02:11:02.159 --> 02:11:06.199 of debate. It will be it will be very difficult 2503 02:11:06.479 --> 02:11:11.239 to to be talking about everything when you according to 2504 02:11:13.720 --> 02:11:18.359 when you have problems like elephants, you cannot so much 2505 02:11:18.439 --> 02:11:22.960 elephants in the eighties or six thing years. But take it. 2506 02:11:23.279 --> 02:11:26.760 Take a drunk and let's deal with that trunk. So 2507 02:11:26.920 --> 02:11:29.920 I was talking about power, I were talking about alleviation. 2508 02:11:31.079 --> 02:11:35.159 I believe the difficult has been aviation. Then let's not 2509 02:11:35.359 --> 02:11:37.279 narra down to the aviation. 2510 02:11:37.359 --> 02:11:41.039 The the well, it's not it's everything. It's not a vision. 2511 02:11:41.279 --> 02:11:45.399 I listed out the project when I started depart the railways. 2512 02:11:45.520 --> 02:11:47.279 Everything a vision. I just want to sort of trigger 2513 02:11:47.279 --> 02:11:47.760 out the space. 2514 02:11:47.840 --> 02:11:52.199 But yeah, it's everything, okay, okay, yeah for the real 2515 02:11:52.399 --> 02:11:57.479 where I'm not too sure. I thought that the river 2516 02:11:57.680 --> 02:12:02.600 states sorry bar has commenced, but I do that was 2517 02:12:02.680 --> 02:12:07.800 a debate on that was the in Was it a 2518 02:12:07.960 --> 02:12:11.000 narrow gauge, It's a standard gauge. 2519 02:12:10.800 --> 02:12:11.000 That was. 2520 02:12:11.319 --> 02:12:13.039 I don't think it matters. I mean, like you said, 2521 02:12:14.039 --> 02:12:16.760 it's nothing commenced. What the President has done is that 2522 02:12:16.880 --> 02:12:20.680 he wants to borrow twenty one billion. He listed projects 2523 02:12:20.720 --> 02:12:23.840 that the moneys will go for the railways in the 2524 02:12:23.960 --> 02:12:27.720 Easter among the projects. But no new work has started 2525 02:12:27.800 --> 02:12:30.239 there the work. There's no railway work going on. 2526 02:12:30.399 --> 02:12:30.600 I know. 2527 02:12:30.680 --> 02:12:35.000 The I think the Kanno to Maradi in Niger really 2528 02:12:35.079 --> 02:12:38.439 still going on because the loan was taken doing Bohari's administration. 2529 02:12:38.560 --> 02:12:41.439 I think that's what's going on. Val thing going on here. 2530 02:12:42.399 --> 02:12:45.560 Okay, yeah, so I'll just focus on the advasion and 2531 02:12:45.680 --> 02:12:49.079 that was the one I saw yesterday, and this money. 2532 02:12:50.000 --> 02:12:53.720 Some traits for the Minister of as viature. I think 2533 02:12:54.039 --> 02:12:58.000 it's a loadable improvement to the It would be a 2534 02:12:58.119 --> 02:13:03.680 loudable improvement to that facility in Legos. But my problem 2535 02:13:03.920 --> 02:13:09.239 is is it really addressing the issue of that facility 2536 02:13:09.800 --> 02:13:14.039 of that airport as a user. I just left there yesterday. 2537 02:13:14.399 --> 02:13:16.920 As a user, one of my biggest. 2538 02:13:16.600 --> 02:13:21.640 Problems in that facility is the commute from the domestic 2539 02:13:21.800 --> 02:13:25.920 wing to the international wing. Either you are ladin at 2540 02:13:26.039 --> 02:13:29.960 GADS or your larder at true you are to stick 2541 02:13:29.960 --> 02:13:33.479 at the public transport again, live, enter the city and 2542 02:13:33.640 --> 02:13:38.840 go to the international steremina. That is not encouraged. There's 2543 02:13:38.840 --> 02:13:43.800 supposed to be this here, so it's not addressing that issue. Secondly, 2544 02:13:44.600 --> 02:13:46.960 as a user, I should be able to and I 2545 02:13:47.039 --> 02:13:48.920 think if I dress this a little bit, I can 2546 02:13:48.960 --> 02:13:52.920 be able to step out, move a little to arrive 2547 02:13:52.920 --> 02:13:56.760 at seminar and get my transportation. But it can be 2548 02:13:56.920 --> 02:13:59.880 much easier that you can drive in and drop off 2549 02:14:00.079 --> 02:14:02.359 take your back. So there are some basic things that 2550 02:14:02.880 --> 02:14:08.960 I mean, there are some functionals are for funtionality that 2551 02:14:09.239 --> 02:14:11.119 is missing. Both this. 2552 02:14:12.680 --> 02:14:16.000 This new the model that I saw, I dressed some 2553 02:14:16.159 --> 02:14:16.319 of the. 2554 02:14:16.399 --> 02:14:20.439 Fostionality, but it has not addressed the commute between the 2555 02:14:20.520 --> 02:14:24.520 domestic wink and international wik so as a project, those 2556 02:14:24.560 --> 02:14:27.039 are some of the things that I look after because 2557 02:14:27.239 --> 02:14:30.119 all the all, they are all most of the everces 2558 02:14:30.199 --> 02:14:34.600 on the mode that they showed those is all. It's 2559 02:14:34.640 --> 02:14:39.680 called about beauty, body, called esthetic needs. That's most of 2560 02:14:39.720 --> 02:14:43.760 the things. But to these basic fostionalities, how do you 2561 02:14:43.920 --> 02:14:47.319 reduce the stress of each of the users? How do 2562 02:14:47.399 --> 02:14:49.800 you give efficient service? So the user it's going to 2563 02:14:49.840 --> 02:14:53.079 be addressed in that project. So that is what I 2564 02:14:53.159 --> 02:14:55.239 wanted to really, I thought we were going to we 2565 02:14:55.359 --> 02:14:59.239 are focusing on otherwise. The g is a big, big problem, 2566 02:14:59.680 --> 02:15:02.399 no matter, and it's a big problem. I mean it's 2567 02:15:02.479 --> 02:15:05.399 a big problem in terms of needs. One of the 2568 02:15:05.479 --> 02:15:11.279 things I told my friends the coastal roads between Legos 2569 02:15:11.319 --> 02:15:14.439 and Calaba. I told my friend it is not possible, 2570 02:15:15.880 --> 02:15:19.840 point blank, it's not possible. The DA cannot build a 2571 02:15:20.039 --> 02:15:23.520 road on the Niger. That that's one it's not possible. 2572 02:15:23.560 --> 02:15:27.279 I put them the co co ports is in Coco Port. 2573 02:15:27.319 --> 02:15:29.359 It's not by this, it's not by the Atlantic Show. 2574 02:15:29.520 --> 02:15:33.399 It's inside sup Report is inside, will Report is inside. 2575 02:15:33.760 --> 02:15:35.880 What what kind of bridge are you going to build? 2576 02:15:36.399 --> 02:15:39.680 That big cargo ship can pass under the bridge and 2577 02:15:39.880 --> 02:15:43.680 go and back in those ports I made, I made dredges, 2578 02:15:43.800 --> 02:15:45.920 I made the plan. Are you going to use in 2579 02:15:46.560 --> 02:15:49.399 the Niger data? Don't form the road? It's not possible. 2580 02:15:49.800 --> 02:15:52.000 So that's why the last time I heard the minister, 2581 02:15:52.359 --> 02:15:54.439 we are going to dabbatin on those things. That's a 2582 02:15:54.479 --> 02:15:54.800 bad la. 2583 02:15:54.880 --> 02:15:56.239 Fingers were not serious. 2584 02:15:56.800 --> 02:15:59.000 It's impossible projects. 2585 02:15:59.840 --> 02:16:04.079 The dominding guys to get you your take on this question. 2586 02:16:04.239 --> 02:16:06.159 So do you think in your view, do you think 2587 02:16:06.239 --> 02:16:09.399 we should use federal character for infrastructure in Nigeria? Do 2588 02:16:09.479 --> 02:16:12.920 you think it's we should, absolutely we should. 2589 02:16:13.520 --> 02:16:16.680 The must be spread a round of infrastructure or the 2590 02:16:16.760 --> 02:16:18.560 question is what is the spread? 2591 02:16:18.920 --> 02:16:23.920 Okay? Would second question if the if the project is 2592 02:16:24.039 --> 02:16:27.439 not economically valiable, do you still think that the federal 2593 02:16:27.479 --> 02:16:29.800 government should still invest because of federal. 2594 02:16:29.600 --> 02:16:34.719 Character because there are a lot of competing Okay. 2595 02:16:34.760 --> 02:16:36.639 So so I hear you. 2596 02:16:36.760 --> 02:16:39.040 So what you're saying that it is not the point 2597 02:16:39.239 --> 02:16:40.520 of beauty for the future. 2598 02:16:40.879 --> 02:16:44.319 Okay, how do you how how do we determine quote 2599 02:16:44.360 --> 02:16:49.239 unquote economic activity? If I go to the state of Biosa, 2600 02:16:49.879 --> 02:16:52.239 that's one of the poorest state in Nigeria, ignore the 2601 02:16:52.360 --> 02:16:55.639 oil one of the poorest biosa. How do I determine 2602 02:16:55.719 --> 02:16:59.079 economic activity to allow me to establish a protein biosa? 2603 02:16:59.319 --> 02:17:01.879 If this date no econom activity, do I walk away? 2604 02:17:03.639 --> 02:17:03.680 No? 2605 02:17:04.200 --> 02:17:08.760 Okay, I'll give you example. Bias Niger cats. I think 2606 02:17:08.879 --> 02:17:12.239 iron there one of this Korean company. They have a 2607 02:17:12.479 --> 02:17:17.079 massive shipbuilding facility there. Those are some things we can 2608 02:17:17.280 --> 02:17:20.000 tie into. How do we make it more better? How 2609 02:17:20.040 --> 02:17:24.879 they we make those facilities more economically useful? How do 2610 02:17:24.959 --> 02:17:29.719 we create a journeys infrastructure today? And the roads the badges? 2611 02:17:30.079 --> 02:17:31.760 There are a lot of things that can be done 2612 02:17:31.840 --> 02:17:35.360 in Niger data and there's a lot of gas flanders 2613 02:17:35.399 --> 02:17:36.120 to keep places there. 2614 02:17:36.399 --> 02:17:38.719 How do we move those gas into inland? 2615 02:17:39.479 --> 02:17:40.680 There are a lot of things you can still do 2616 02:17:40.799 --> 02:17:42.440 in in a bias state. 2617 02:17:44.239 --> 02:17:46.440 Or the bigger and the bigger scaler. 2618 02:17:47.760 --> 02:17:47.920 Like that. 2619 02:17:48.040 --> 02:17:49.680 There's no wrong answer. I just want to get your 2620 02:17:49.760 --> 02:17:51.840 take just for us to follow wars, because I mean, 2621 02:17:51.879 --> 02:17:54.680 the space is just basically asking a few questions. Number 2622 02:17:54.760 --> 02:17:58.600 one is questioning the president's power to allocate tax revenues 2623 02:17:58.639 --> 02:18:02.040 with our appropriation. Number two is questioning if we should 2624 02:18:02.079 --> 02:18:06.120 do project without federal characters. You know, the two central 2625 02:18:06.280 --> 02:18:09.280 points at the Swiss's addressing. I appreciate all those other 2626 02:18:09.360 --> 02:18:12.159 questions we're raising, but it's added two central things that 2627 02:18:12.280 --> 02:18:14.120 we're raising, and I think it's very very important. I 2628 02:18:14.159 --> 02:18:15.840 also like the way you praise. I can on a 2629 02:18:15.920 --> 02:18:20.000 side that if I go to legos more local and 2630 02:18:20.079 --> 02:18:22.000 I want to go to international, I have to go 2631 02:18:22.079 --> 02:18:24.239 on board the boss to take me out into the 2632 02:18:24.440 --> 02:18:26.760 that's that's wrong and a should be a quick win 2633 02:18:26.840 --> 02:18:28.600 that we can do and fix. And I just raised 2634 02:18:28.639 --> 02:18:32.719 the productivity there. But I hear you body so good 2635 02:18:32.760 --> 02:18:36.879 point uh, ben Ben, You've been hopping in and out. 2636 02:18:37.440 --> 02:18:40.079 I finally got you in here, ben Ben, go for 2637 02:18:40.200 --> 02:18:46.959 it same, thanks so much. Yeah, go ahead, I can, 2638 02:18:47.360 --> 02:18:48.559 I can't. Yes, please go ahead? 2639 02:18:48.639 --> 02:18:49.559 Ye okay. 2640 02:18:50.520 --> 02:18:57.319 Either the network is so, then I want you to 2641 02:18:57.399 --> 02:19:03.079 do it where to build projects. A fair character touches 2642 02:19:04.079 --> 02:19:05.680 three basic areas. 2643 02:19:06.200 --> 02:19:11.440 The quoter system for jobs, for federal goverment jobs and 2644 02:19:11.600 --> 02:19:12.760 minister appointments. 2645 02:19:13.319 --> 02:19:15.959 And in fair characters. For minister appointments, you have to 2646 02:19:16.159 --> 02:19:17.200 when you when your appoint you. 2647 02:19:17.280 --> 02:19:21.280 Ministers, at least every state has to have at least 2648 02:19:21.319 --> 02:19:24.920 one minister in the appointment pools. And then when you're 2649 02:19:25.000 --> 02:19:27.600 giving jobs at the fair level. And then when it 2650 02:19:27.680 --> 02:19:31.040 comes to political zoning, you know this fair character there 2651 02:19:31.079 --> 02:19:33.920 to So those are the areas that fair character according 2652 02:19:33.959 --> 02:19:38.040 to the constitution touches. It does not release me anything 2653 02:19:39.120 --> 02:19:43.399 about where to build infrastructural projects. 2654 02:19:43.440 --> 02:19:45.200 You have to build the structure projects here. 2655 02:19:45.840 --> 02:19:49.639 That is left to the fairer governments and those that 2656 02:19:49.719 --> 02:19:52.120 are in charge of strategy in terms of, okay, what 2657 02:19:52.200 --> 02:19:54.600 do we need to do to grow as a country. 2658 02:19:54.920 --> 02:19:57.079 Where should we build these projects? 2659 02:19:57.440 --> 02:19:59.639 And the truth is if you look at fairment projects, 2660 02:20:00.399 --> 02:20:00.760 like if you. 2661 02:20:00.719 --> 02:20:02.959 Look at the coastal Road and look at some other 2662 02:20:03.120 --> 02:20:04.319 the railways. 2663 02:20:04.000 --> 02:20:06.600 These are projects that will befits various states. 2664 02:20:07.680 --> 02:20:09.479 The co Star Road is going to be defits all 2665 02:20:09.520 --> 02:20:10.319 the coastal states. 2666 02:20:10.920 --> 02:20:13.159 Then do you mind asking you a question? Just that 2667 02:20:13.239 --> 02:20:14.959 way we can we can get to my point. I 2668 02:20:15.159 --> 02:20:16.879 asked you a question about you. You said a comment, 2669 02:20:17.840 --> 02:20:22.600 wasn't it Timine? Why is there refinery and Karuna states? 2670 02:20:25.760 --> 02:20:31.159 Now that the Carduna is a properate problem of port design. 2671 02:20:32.200 --> 02:20:33.920 You know when they when they buse. 2672 02:20:33.840 --> 02:20:37.200 Carna at that time they I don't know what they 2673 02:20:37.280 --> 02:20:40.559 were thinking in terms of how do we supply kludor 2674 02:20:41.079 --> 02:20:42.319 at an efficient level? 2675 02:20:42.399 --> 02:20:44.000 So that by the time Goudor gets so do. 2676 02:20:44.000 --> 02:20:47.600 You finally we start talking about crackspread and start talking 2677 02:20:47.639 --> 02:20:50.239 about oh what is our opex? It's not talking about 2678 02:20:50.239 --> 02:20:54.319 profit margins. We can nactually make profits. They did not 2679 02:20:54.479 --> 02:20:56.440 have efficient supply. 2680 02:20:57.399 --> 02:20:59.639 So by the time the. 2681 02:21:00.040 --> 02:21:03.079 Seas and they wanted to start actually using this refine, 2682 02:21:03.079 --> 02:21:05.879 and they found out that it's not even profitable for 2683 02:21:05.959 --> 02:21:06.440 your finance. 2684 02:21:07.239 --> 02:21:10.479 But they knew, they knew, they knew from the staff 2685 02:21:10.559 --> 02:21:14.159 that they were going to use in Ben, see what 2686 02:21:14.200 --> 02:21:17.440 I'm going to Ben. I'm not trying to debate the refinery. 2687 02:21:17.760 --> 02:21:20.200 They knew that it was going to use imported oil. 2688 02:21:21.040 --> 02:21:23.879 They knew it to not be profitable, but it was built. 2689 02:21:24.360 --> 02:21:27.639 And it's har about imported. It's about transportation. No, No, 2690 02:21:27.799 --> 02:21:29.840 it's used transportation. 2691 02:21:30.000 --> 02:21:34.280 There's a pipeline from Scraposa for only crude oil. There's 2692 02:21:34.319 --> 02:21:35.440 a pipeline only. 2693 02:21:35.280 --> 02:21:37.520 Crude oil, and it was there at that time. 2694 02:21:37.559 --> 02:21:40.360 It was built for re final It's no, no, no, Ben. 2695 02:21:41.440 --> 02:21:43.280 Get the point you said that we that we don't 2696 02:21:43.319 --> 02:21:45.440 do for that character for industries, and I'm saying we do. 2697 02:21:46.040 --> 02:21:48.399 There's a there's a still refine. There's a steel mill 2698 02:21:48.719 --> 02:21:51.760 in Cartsina, what's it doing there? 2699 02:21:56.040 --> 02:22:01.680 The pipeline that runs from Esco card Yes lake is 2700 02:22:01.760 --> 02:22:02.239 not active. 2701 02:22:02.440 --> 02:22:06.200 No no, but it's the pipeline. Forget the active. Nigeria 2702 02:22:06.280 --> 02:22:10.000 built a pipeline from the s Cravles to Kaduna for 2703 02:22:10.319 --> 02:22:13.280 crude oil. That's the point I'm making that we do 2704 02:22:13.520 --> 02:22:17.239 look at federal character when we are building projects in Nigeria. 2705 02:22:17.399 --> 02:22:19.399 That's the point I'm trying to make when we are 2706 02:22:19.479 --> 02:22:21.639 building things. That's why I don't like that. I don't. 2707 02:22:21.799 --> 02:22:22.280 I don't like that. 2708 02:22:23.000 --> 02:22:24.920 Yes, but it's it's it does before. 2709 02:22:25.959 --> 02:22:29.600 It hasn't changed, my brother, that's why. So it hasn't changed. 2710 02:22:30.120 --> 02:22:32.680 When we do things in Nigeria, we always do a 2711 02:22:32.760 --> 02:22:36.159 federal character. Hence the space is asking should we because 2712 02:22:36.200 --> 02:22:38.840 we do it, we can't take We should not say 2713 02:22:38.879 --> 02:22:40.680 it's like I said, it's not right or wrong answer, 2714 02:22:41.000 --> 02:22:42.959 but we can't ignore that we don't do it. 2715 02:22:43.079 --> 02:22:43.479 We do it. 2716 02:22:43.559 --> 02:22:46.959 That's why we have steel mills in most regens we have. 2717 02:22:47.239 --> 02:22:49.440 Remember when we build the still mills, there are no regions. 2718 02:22:49.799 --> 02:22:53.920 There was no Southeast, nor has got a steel meal. 2719 02:22:55.040 --> 02:22:57.920 South has got a steel meal. Southwest has a steel meal. 2720 02:22:58.000 --> 02:23:00.639 Even South South even though there's no has a still me, 2721 02:23:00.760 --> 02:23:03.559 but it's not still mean. It's all the southeast. Southeast 2722 02:23:03.559 --> 02:23:06.280 has his own has his own issue in Nigeria. 2723 02:23:07.440 --> 02:23:09.000 And close to the iron or the position. 2724 02:23:09.159 --> 02:23:11.559 So why do you have so? Why do you have 2725 02:23:11.639 --> 02:23:14.479 steel mills all across Nigeria sometimes with no iron ore? 2726 02:23:15.799 --> 02:23:18.120 I think we need to be smarter and stop doing 2727 02:23:18.159 --> 02:23:18.719 things that way. 2728 02:23:18.840 --> 02:23:22.440 Okay, definitely, all right, why do you have so? I 2729 02:23:22.520 --> 02:23:24.520 can give you more examples on this. 2730 02:23:24.959 --> 02:23:28.639 You have the gas recently recently you won't find any. 2731 02:23:30.159 --> 02:23:33.440 Look at well said so, but where I'm going to 2732 02:23:33.520 --> 02:23:35.239 with this is that you know, that's the question that 2733 02:23:35.719 --> 02:23:37.600 should we do this way? And if we agree that 2734 02:23:37.680 --> 02:23:39.399 we should not do it this way, let's come now 2735 02:23:39.479 --> 02:23:44.200 to present day. We have the president today taking billions 2736 02:23:44.479 --> 02:23:48.239 from a fund that is not appropriated to do project 2737 02:23:48.360 --> 02:23:53.559 across Nigeria, specifically with an overweight in legos. Do you 2738 02:23:53.600 --> 02:23:54.520 say any problem with this? 2739 02:23:56.159 --> 02:23:58.159 Okay? Do you need OPENFRA structure development? 2740 02:23:58.239 --> 02:23:58.479 Phone? 2741 02:23:58.680 --> 02:23:59.000 Correct? 2742 02:23:59.719 --> 02:24:02.440 The context, the context that everybody needs to understand about 2743 02:24:02.440 --> 02:24:03.760 that phone right now is done. 2744 02:24:04.760 --> 02:24:07.920 A large percentage of the money that goes into that 2745 02:24:08.040 --> 02:24:10.000 phone is not from the government. 2746 02:24:10.319 --> 02:24:12.159 It's from private pension funds. 2747 02:24:12.959 --> 02:24:20.120 Child not note that came from the government was. 2748 02:24:22.040 --> 02:24:28.159 Not no pause the pause there, pause there. The fund 2749 02:24:28.520 --> 02:24:33.360 is targeting investments from the private pension funds from It's 2750 02:24:33.399 --> 02:24:35.760 like a normal phone, but does moneys haven't come in yet. 2751 02:24:37.120 --> 02:24:39.479 It's a fund created to target. 2752 02:24:39.559 --> 02:24:41.680 That has called me right now was appropriated. 2753 02:24:41.760 --> 02:24:42.639 Where's the money from? 2754 02:24:43.879 --> 02:24:45.600 Where's the money that has called me right and was 2755 02:24:45.639 --> 02:24:47.440 appropriatedly approved? 2756 02:24:48.280 --> 02:24:50.440 What you're telling okay, let me ask you. So what 2757 02:24:50.559 --> 02:24:54.840 you're telling me is that National Assembly appropriated seven and 2758 02:24:55.000 --> 02:24:58.319 twelve billion to go to the to the right to 2759 02:24:58.440 --> 02:25:01.840 the renewed Hope Fund in excess of the Ministry of 2760 02:25:02.000 --> 02:25:05.239 Aviation and Ministry of Transport. Is that what you're saying. 2761 02:25:06.520 --> 02:25:09.799 I'm not explicitly saying that. What I am saying is 2762 02:25:09.959 --> 02:25:13.360 that if there was any if there's any Ferra God. 2763 02:25:13.319 --> 02:25:17.959 Made money in the renewed for Hoop Infrastructure Fund from 2764 02:25:18.399 --> 02:25:21.959 the far agment from the frauderation, it must have been appropriated. 2765 02:25:22.159 --> 02:25:24.360 It's most now I'm telling you it's not. You said 2766 02:25:24.360 --> 02:25:25.879 it was, and I'm telling you it's not. I don't 2767 02:25:25.920 --> 02:25:28.879 give you a good example. The budget for the for 2768 02:25:29.120 --> 02:25:33.120 the for the Legos Airport alone is more than the 2769 02:25:33.319 --> 02:25:37.159 total not even more than times to the total bullet 2770 02:25:37.239 --> 02:25:41.319 of transportation and aviation. If you combine them and multiply 2771 02:25:41.479 --> 02:25:44.440 them by two, it's not up to what were are 2772 02:25:44.479 --> 02:25:48.760 locating for the Legos Airport alone. I'm not talking about 2773 02:25:48.920 --> 02:25:52.040 road zo or railways or port. This is just the 2774 02:25:52.200 --> 02:25:53.879 Legos Airport allegations. 2775 02:25:54.360 --> 02:25:56.559 There's no other aspects in the budget. 2776 02:25:56.639 --> 02:25:58.399 I've just told you where the MOE is coming from, Sir. 2777 02:25:58.680 --> 02:26:01.520 The money is when they removed subsidy. Go back, guy, guys, 2778 02:26:01.559 --> 02:26:04.959 you can do this. Go back to the first fact statement. 2779 02:26:05.000 --> 02:26:07.319 When we remove subsidy. You will see that the President 2780 02:26:07.440 --> 02:26:10.840 says we're going to take money from this renewed from 2781 02:26:10.879 --> 02:26:12.959 the increase in revenues, and it's going to go to 2782 02:26:13.040 --> 02:26:16.440 the infrastructure fund. Is this fund they have now called 2783 02:26:16.479 --> 02:26:19.959 the Renewed Hope Fund. The money is from the removal 2784 02:26:20.079 --> 02:26:23.760 of subsidies like a PTF. But when they did this PF, 2785 02:26:23.840 --> 02:26:27.360 this is not approved by NAS and the President alone 2786 02:26:27.440 --> 02:26:29.760 is won and child this PTF. That's where I'm giving 2787 02:26:29.799 --> 02:26:33.559 you the data. There is no there's no allocation from 2788 02:26:33.719 --> 02:26:37.760 NAS for this. It's money has come a subsidy. Money 2789 02:26:37.879 --> 02:26:43.879 is federation money, not federal, not state, not local, Federation money. 2790 02:26:44.079 --> 02:26:47.600 So in essense, you've taken federation money, given it to 2791 02:26:47.680 --> 02:26:50.639 the president, and the president is taking their money and 2792 02:26:50.719 --> 02:26:54.200 are locating, as he deems, even taking that money to 2793 02:26:54.280 --> 02:26:56.680 give to a state, because we're now using that money 2794 02:26:56.680 --> 02:27:00.600 to also do legal state light rail. Get your point 2795 02:27:00.639 --> 02:27:03.479 about the private sector phones, but they haven't come in yet. 2796 02:27:03.959 --> 02:27:10.200 The prejudor's accident is able to borrow him twenty one billion. Okay, 2797 02:27:10.239 --> 02:27:12.399 I'm actually give me give me your own answer. Give 2798 02:27:12.719 --> 02:27:14.399 give me where the money is coming from. Since money 2799 02:27:14.440 --> 02:27:16.000 is wrong, give me where your where you think it's 2800 02:27:16.040 --> 02:27:18.639 coming from. Give me yours. Have we borrowed the money? 2801 02:27:18.639 --> 02:27:20.120 If you go to d m O you see burrowed 2802 02:27:20.120 --> 02:27:22.440 money from. Where else is the money coming from? 2803 02:27:22.600 --> 02:27:22.920 Tell me. 2804 02:27:25.120 --> 02:27:29.360 What I heard is that insurance companies, pension funes. 2805 02:27:30.159 --> 02:27:38.920 We already do that den sound when and when the government. 2806 02:27:38.719 --> 02:27:42.200 Is giving that phone from it has been appropriated in 2807 02:27:42.280 --> 02:27:42.799 the budgets. 2808 02:27:42.920 --> 02:27:47.040 Sometimes that budget is confusing. I know the budgets in 2809 02:27:47.079 --> 02:27:50.520 the budget that may be outside that ivia that idition. 2810 02:27:50.600 --> 02:27:53.200 They're talking about some aspects in the budget that maybe 2811 02:27:53.280 --> 02:27:59.520 outside the appropriated it on that something side that I remember, 2812 02:27:59.639 --> 02:28:03.559 I saw almost almost six billion in that day in 2813 02:28:03.639 --> 02:28:04.920 that budget that was. 2814 02:28:04.959 --> 02:28:06.120 Allocated to one road. 2815 02:28:06.639 --> 02:28:08.600 That is they not finally explained to me someone that 2816 02:28:08.680 --> 02:28:11.280 explained to me that that money that located there is 2817 02:28:11.319 --> 02:28:13.559 actually part of the money that they raised for. 2818 02:28:15.879 --> 02:28:17.440 Phase one of the. 2819 02:28:18.479 --> 02:28:20.879 Of the what they call the Legals to Calabar road, 2820 02:28:21.079 --> 02:28:23.959 they're actually appropriated and the roads legos to put that called. 2821 02:28:24.040 --> 02:28:27.159 They didn't write Legals to Calabadi in the in the projects. 2822 02:28:27.600 --> 02:28:30.239 So I think in that budget there's some appropriations that 2823 02:28:30.360 --> 02:28:34.920 they made that are not explicitly riatting. So you need 2824 02:28:35.000 --> 02:28:38.079 to actually sort of come to it and ask questions 2825 02:28:38.120 --> 02:28:40.680 before you not actually knew that this is actually what 2826 02:28:40.799 --> 02:28:41.120 they did. 2827 02:28:41.319 --> 02:28:43.520 I think I find it how to believe calor. 2828 02:28:43.600 --> 02:28:45.639 I find you how to build that the Federation of 2829 02:28:45.680 --> 02:28:48.000 the Federal governments, who gives you you needed first travel 2830 02:28:48.040 --> 02:28:48.840 the dogment. 2831 02:28:48.879 --> 02:28:56.600 From a location without oversights from the without appropriation you understand. 2832 02:28:56.239 --> 02:29:00.280 From then you are making my point. That's what we're 2833 02:29:00.319 --> 02:29:03.319 having this space today. Let me again summarize for you 2834 02:29:03.399 --> 02:29:05.920 again what I'm saying. I've told you where to go 2835 02:29:06.040 --> 02:29:09.079 and get the information from. Go to the first fac 2836 02:29:09.440 --> 02:29:13.200 statements when we removed subsidy present both going too power 2837 02:29:13.319 --> 02:29:17.360 he removed subsidy. Immediately look at the next subsidy statement 2838 02:29:17.479 --> 02:29:21.079 immediately after subsidy remove. You will see there fifty percent 2839 02:29:21.200 --> 02:29:24.760 of the revenues the excess. The excess, not the normal fuck. 2840 02:29:25.280 --> 02:29:28.760 The excess fund was taken from the removal of subsidies 2841 02:29:28.840 --> 02:29:32.399 funds and paying into an infrastructure fund. It's there in 2842 02:29:32.520 --> 02:29:36.120 the fact statement that it is that instal phone. That 2843 02:29:36.200 --> 02:29:38.959 is the renewed hope in phone. Please go ahead check 2844 02:29:39.000 --> 02:29:41.239 that's what I'm king number one, number two. When we 2845 02:29:41.440 --> 02:29:44.360 borrow money from pension phones, those are the federal government 2846 02:29:44.719 --> 02:29:48.360 bonds that we're already issued. It's not this fund. That's 2847 02:29:48.399 --> 02:29:51.280 the federal government bonds and TVs that the pension funds 2848 02:29:51.319 --> 02:29:54.120 can invest in. Pension ponds just can't take money and 2849 02:29:54.239 --> 02:29:57.159 put in in any fund. Doesn't work that way. You 2850 02:29:57.319 --> 02:30:01.760 have to have a securitized pag hold hold on Ben 2851 02:30:01.799 --> 02:30:04.559 ben hold hold Ben please ben hold On Ben hold On. 2852 02:30:05.280 --> 02:30:07.920 You have to have if you want to invest as 2853 02:30:07.959 --> 02:30:11.360 a pension phone, you have to have a securitized paper 2854 02:30:12.040 --> 02:30:16.239 that is rated then you invest. Is there any real 2855 02:30:16.799 --> 02:30:20.559 renewed hope infrastructure fund paper that you see on the market. 2856 02:30:21.120 --> 02:30:24.000 All the pension phones that invest they invest on bonds 2857 02:30:24.000 --> 02:30:27.760 that are listed. It has to be securitized, listed rated. 2858 02:30:28.520 --> 02:30:30.600 Is then any renewed hope your phone bond out? 2859 02:30:30.639 --> 02:30:31.280 There is none? 2860 02:30:31.639 --> 02:30:35.520 So okay, let's free to invest as they choose. 2861 02:30:35.719 --> 02:30:40.000 They cannot invest as they choose, mister Ben. If they 2862 02:30:40.040 --> 02:30:42.479 want to invest in a bond, the bond has got 2863 02:30:42.520 --> 02:30:45.600 to be rated. It's got to be issued. 2864 02:30:45.680 --> 02:30:47.879 I want to invest in the bond. If they won't. 2865 02:30:47.959 --> 02:30:49.040 You just said if. 2866 02:30:49.280 --> 02:30:53.479 If means Ben listen to me again, Ben, listen to 2867 02:30:53.559 --> 02:30:58.159 me again. The Nigerian pension phone has gonna investment guideline. 2868 02:30:59.159 --> 02:31:03.399 If the pension fund administrator seeks to invest in the 2869 02:31:03.559 --> 02:31:07.000 federal government bond, that federalment bond has got to be 2870 02:31:07.319 --> 02:31:12.000 issued issued. If it's a private sector bond has got 2871 02:31:12.079 --> 02:31:15.879 to be issued rated, then there are limits to with 2872 02:31:16.079 --> 02:31:19.120 the pension funds five percent, one hundred percent, they will 2873 02:31:19.159 --> 02:31:21.639 put limits on it. You know there is there is 2874 02:31:21.760 --> 02:31:24.639 there any renewed hope bond you know of in the 2875 02:31:24.760 --> 02:31:25.479 market today? 2876 02:31:26.360 --> 02:31:29.159 Why are you making about what de pensions depension for 2877 02:31:29.239 --> 02:31:30.319 most investing equities? 2878 02:31:31.120 --> 02:31:34.120 Are there any new funds equities you know about today? 2879 02:31:35.639 --> 02:31:35.920 Sorry? 2880 02:31:36.440 --> 02:31:39.760 It is there renewed renewed infrastrual fund equity that you 2881 02:31:39.879 --> 02:31:40.719 know about today. 2882 02:31:41.840 --> 02:31:46.639 The point I'm trying to make here is and just 2883 02:31:46.719 --> 02:31:48.200 make them just make this point, and then just make 2884 02:31:48.239 --> 02:31:48.559 this point. 2885 02:31:49.040 --> 02:31:52.319 The pension fund has the prerogative to look at various 2886 02:31:52.399 --> 02:31:57.280 asset classes and choose which asset class they want to 2887 02:31:57.440 --> 02:31:58.600 invest in it. 2888 02:31:58.680 --> 02:32:01.719 It doesn't have to be borne and I did not 2889 02:32:01.920 --> 02:32:05.799 restrict I did not restrict anything to any asset class. 2890 02:32:06.559 --> 02:32:09.639 Federal government. They can invest a one hundred percent in 2891 02:32:09.760 --> 02:32:14.719 federal government bonds. In equities. There are four pension funds 2892 02:32:14.760 --> 02:32:19.760 that invest Each fund has its own asset allocation. Federal 2893 02:32:19.760 --> 02:32:22.200 goverment has one hundred percent allocation. You can invest one 2894 02:32:22.280 --> 02:32:24.879 hundred percent if you want in federgment bonds. Thing is 2895 02:32:25.159 --> 02:32:29.639 maximum twenty fight like you keep interrupting, You keep interrupting, 2896 02:32:30.239 --> 02:32:32.879 and the federal the equities is more. I think it's 2897 02:32:32.920 --> 02:32:36.040 twenty five percent. The point I'm making to you, sir, 2898 02:32:36.200 --> 02:32:40.000 is that there is no renewed hoop equity fund or 2899 02:32:40.200 --> 02:32:43.200 bond funds today in the market. There is none, so 2900 02:32:43.319 --> 02:32:45.959 they could not have been issued and invested by any 2901 02:32:46.319 --> 02:32:49.000 pension fun company. I've already told where the money is 2902 02:32:49.040 --> 02:32:51.440 coming from. I've told you exactly where it's coming from 2903 02:32:51.760 --> 02:32:54.239 is the real It is the revenues that came from 2904 02:32:54.319 --> 02:32:59.479 the removal of your suftiday. That's this money. The fund exists, 2905 02:33:00.360 --> 02:33:03.639 but we have not just stay issuing and borrowing into 2906 02:33:03.760 --> 02:33:06.280 the fund. That's what the president is asking for twenty 2907 02:33:06.399 --> 02:33:08.840 one billion. That's where the one is going to come 2908 02:33:08.879 --> 02:33:12.719 from that will replenish the fund. We haven't started that yet. 2909 02:33:13.440 --> 02:33:16.760 Just to me declared the books. Listening you say, Carlo, 2910 02:33:16.879 --> 02:33:20.040 Carlo is what I'm saying. Okay, look from Okay, let's 2911 02:33:20.840 --> 02:33:24.319 that's fine, Let's move. How are you doing? Please hop 2912 02:33:24.440 --> 02:33:33.040 in Elma, mister mister, thanks you I can please go ahead? 2913 02:33:36.520 --> 02:33:37.280 Thanks very much. 2914 02:33:37.360 --> 02:33:38.680 I appreciate. 2915 02:33:46.479 --> 02:33:49.799 Your audio is very very bad. Your audio is very bad. 2916 02:33:50.479 --> 02:33:56.680 I'm not sure what's wrong with it? Can you can 2917 02:33:56.760 --> 02:33:57.159 you think that? 2918 02:33:57.239 --> 02:33:57.399 Well? 2919 02:33:57.440 --> 02:34:04.319 I get somebody else in here your audience still let 2920 02:34:04.360 --> 02:34:05.879 me get I Can I help you in real quick? 2921 02:34:05.920 --> 02:34:07.079 I can I help you real quick? 2922 02:34:07.079 --> 02:34:10.000 Can I can? 2923 02:34:10.040 --> 02:34:11.760 I still want. 2924 02:34:14.120 --> 02:34:14.840 Lulu? Lulu? 2925 02:34:14.879 --> 02:34:18.280 How are you doing? Lulu? Thanks for helping Lulu? Are 2926 02:34:18.319 --> 02:34:20.840 you are you interested in kind of topics? I thought 2927 02:34:20.879 --> 02:34:21.840 you were a bitcoin man. 2928 02:34:24.159 --> 02:34:25.120 I'm gonna be going mind. 2929 02:34:25.200 --> 02:34:27.639 But at the same time, I'm still interested in. 2930 02:34:27.920 --> 02:34:31.639 Just pulling a lego. Gotcha, how are you doing? 2931 02:34:31.680 --> 02:34:31.719 So? 2932 02:34:31.840 --> 02:34:34.200 What's up? What I mean, look at what we're talking about. 2933 02:34:34.479 --> 02:34:37.000 Two things here actually, Number one, if we should do it, 2934 02:34:37.079 --> 02:34:40.719 infrastructure acquinted for that character number one. Number two again 2935 02:34:40.760 --> 02:34:42.840 talking if the president has the right to do this 2936 02:34:43.000 --> 02:34:46.040 in this spend that that we're talking about, we think 2937 02:34:46.079 --> 02:34:48.840 it is lopsided to leg us what you're taking all this? 2938 02:34:51.159 --> 02:34:54.399 Okay, well I'll first start that with the with the 2939 02:34:54.479 --> 02:34:55.040 premise that. 2940 02:34:56.719 --> 02:35:00.159 You can't convince someone that is committed to misunderstand the 2941 02:35:00.319 --> 02:35:06.040 you in this country, we're saying where presidents spent moneys 2942 02:35:06.239 --> 02:35:07.360 without appropriation. 2943 02:35:07.520 --> 02:35:11.040 I'm talking about the last government. It's not new. It 2944 02:35:11.120 --> 02:35:11.879 has been happening. 2945 02:35:12.520 --> 02:35:17.000 Okay, someone printed money out of thin spent it, and 2946 02:35:17.959 --> 02:35:20.479 later at the end of the Attennee, they came to 2947 02:35:21.840 --> 02:35:23.520 legalize the illegality. 2948 02:35:25.920 --> 02:35:27.000 You're right, you're right. 2949 02:35:27.559 --> 02:35:29.399 Yeah, it's not the first time it's happening. So I'm 2950 02:35:29.440 --> 02:35:32.040 wondering why Ben is being at the man. That's if 2951 02:35:32.079 --> 02:35:33.200 it's a new thing, it happens. 2952 02:35:33.319 --> 02:35:36.680 That's abusing the cbing ads still goes through appropriation. 2953 02:35:36.920 --> 02:35:38.319 They are just abused the arts. 2954 02:35:38.360 --> 02:35:40.079 They will abuse the Act and still use it to 2955 02:35:40.120 --> 02:35:42.760 finance the budget and all that. So don't let's be 2956 02:35:42.879 --> 02:35:48.120 technolog like like I said, Google like spend understand you know. 2957 02:35:49.000 --> 02:35:51.600 Well anyways, then let me get to the main topics 2958 02:35:51.719 --> 02:35:52.719 real quick. 2959 02:35:53.200 --> 02:35:55.479 So what I want to bring in some historical. 2960 02:35:55.159 --> 02:35:59.600 Perspectives to this okay, preceivable war and I want to 2961 02:35:59.639 --> 02:36:07.159 focus specifically on the port. Pre civil war, we had 2962 02:36:07.559 --> 02:36:13.959 about five functional ports Legospapa, portter Cord, Worry. 2963 02:36:14.000 --> 02:36:15.479 Calabar and Burutu. 2964 02:36:16.399 --> 02:36:21.280 These Eastern ports were used for exporting mostly raw materials, 2965 02:36:21.319 --> 02:36:25.159 palm oil and cool out of Nigeria, especially from the 2966 02:36:25.239 --> 02:36:29.280 East and the Middle Belt. Now, during the civil war, 2967 02:36:29.360 --> 02:36:33.719 what happened in nineteen sixty seven when the Afredic lared independence, 2968 02:36:33.760 --> 02:36:38.079 the federal government blocked all eastern ports including portal called 2969 02:36:38.159 --> 02:36:41.319 Kalaba and all the others that I just needed and 2970 02:36:42.000 --> 02:36:47.799 the Eastern region lost access to its port. All what time, 2971 02:36:47.920 --> 02:36:50.600 important exports for the federation. 2972 02:36:50.840 --> 02:36:56.520 Were directly bill shipped from Legos and nearby port. 2973 02:36:57.319 --> 02:37:01.719 After the war, what happened the federal government prioritized rebuilding, 2974 02:37:02.040 --> 02:37:05.520 just legal legal sports and expanding a perparent thinker to 2975 02:37:05.639 --> 02:37:06.639 handle the new. 2976 02:37:07.680 --> 02:37:09.200 You know, new Nigeria. 2977 02:37:09.200 --> 02:37:10.520 As it were a post war. 2978 02:37:11.280 --> 02:37:15.280 And the Eastern point ports received little or no investments 2979 02:37:16.200 --> 02:37:21.399 until their facilities became outdated, and after this Legos was 2980 02:37:22.040 --> 02:37:27.520 c vented. As as the all contested train help well, 2981 02:37:27.879 --> 02:37:31.239 you might say that successive governments feared that over investing 2982 02:37:31.319 --> 02:37:34.440 in Eastern ports could give the region too much autonomy 2983 02:37:34.920 --> 02:37:38.959 or power as it were, and keeping major trade routes 2984 02:37:39.200 --> 02:37:43.799 are dependent on Legos the way, you know, they tried 2985 02:37:43.840 --> 02:37:46.079 to centralize the whole thing around Legos. 2986 02:37:46.760 --> 02:37:49.920 So in my own point of view. 2987 02:37:50.200 --> 02:37:55.600 You cannot talk about federal character and the sharing from 2988 02:37:55.680 --> 02:38:00.520 like distribute today without going through the historical path badfields, 2989 02:38:01.200 --> 02:38:05.879 and this is what has shipped investments in you know, 2990 02:38:06.000 --> 02:38:07.319 all that regions. 2991 02:38:08.159 --> 02:38:12.040 And unfortunately centralizing. 2992 02:38:11.440 --> 02:38:17.479 The government and economy, economies and infrastructure, you know, mixed 2993 02:38:17.639 --> 02:38:25.879 for you know, an inefficient governance structure and group. And 2994 02:38:26.000 --> 02:38:28.799 that's why people like me and others have been calling 2995 02:38:28.920 --> 02:38:29.319 for the. 2996 02:38:29.399 --> 02:38:30.600 Centralized next Yeria. 2997 02:38:31.159 --> 02:38:34.040 Okay, okay, no, look, look I want to stay on focus. 2998 02:38:34.159 --> 02:38:34.360 Man. 2999 02:38:34.559 --> 02:38:37.319 I hear you bounce. Still on focus. We're talking infrastructure. 3000 02:38:37.479 --> 02:38:37.719 Fact. 3001 02:38:37.760 --> 02:38:40.120 I hear what you're saying in the historic club is fine. 3002 02:38:41.000 --> 02:38:43.239 Still on that Marroy Lane. If you start talking about 3003 02:38:43.319 --> 02:38:45.159 that one. I don't know that's still on Marrow Lane 3004 02:38:46.479 --> 02:38:47.879 very narrowly. Bona stay there. 3005 02:38:49.079 --> 02:38:49.319 Yeah. 3006 02:38:49.680 --> 02:38:54.360 So for infrastructure, the principle still remains. You know when 3007 02:38:54.399 --> 02:38:59.559 you when you spend across board infrastructure, you know, you 3008 02:38:59.799 --> 02:39:04.040 say centralize the economy, things work more efficiently. 3009 02:39:04.200 --> 02:39:05.440 That's it's just a principle. 3010 02:39:05.639 --> 02:39:11.159 Just like semiconductors and the semiconductors you see that chips 3011 02:39:11.319 --> 02:39:15.280 microchips are getting smaller. Why because there there there dream 3012 02:39:15.360 --> 02:39:17.799 computation in parallel, you understand. 3013 02:39:17.840 --> 02:39:21.200 So before you have a locre, you have you have 3014 02:39:21.360 --> 02:39:23.399 triple or you understand. 3015 02:39:23.479 --> 02:39:26.120 So you know, you know, making. 3016 02:39:27.000 --> 02:39:32.440 Computing parallel makes things more efficient. So if we decentralize, 3017 02:39:33.000 --> 02:39:36.360 you know, spending across board, you know, you you you 3018 02:39:36.680 --> 02:39:40.319 put infrastructure in all these zoons, you prioritize, you don't 3019 02:39:40.440 --> 02:39:44.120 just concentrate on one zone of course, you see, you know, 3020 02:39:44.280 --> 02:39:46.559 better growth across board in general. 3021 02:39:47.200 --> 02:39:47.399 You know. 3022 02:39:47.600 --> 02:39:50.600 And for me in Loness, the idea as far as 3023 02:39:50.600 --> 02:39:53.600 I hate federal characters as as a person actually in 3024 02:39:53.639 --> 02:39:57.600 the law character whatever, but you know, the principle of 3025 02:39:57.680 --> 02:40:03.120 the centralization is feel something that we should imbibe in 3026 02:40:03.239 --> 02:40:08.479 our governance system. The centralized power, the centralized spending. You know, 3027 02:40:08.719 --> 02:40:12.639 and you know you have being more efficient economy in 3028 02:40:12.840 --> 02:40:13.840 my own perspective. 3029 02:40:14.200 --> 02:40:17.120 Understood, Yeah, totally understand. 3030 02:40:17.200 --> 02:40:17.680 Let me let me. 3031 02:40:17.719 --> 02:40:20.200 I'm going to share this just because of the conversation 3032 02:40:20.319 --> 02:40:22.760 I had with it with the other guests. Then. So 3033 02:40:22.879 --> 02:40:25.120 if you look at the date is July. If you 3034 02:40:25.159 --> 02:40:30.600 look at the July, the federal government establishes Infrastructure Support 3035 02:40:30.799 --> 02:40:34.799 Fund forty six states as far revenue rises, that's the 3036 02:40:34.879 --> 02:40:37.639 date July. If you can look at the July twenty 3037 02:40:37.719 --> 02:40:41.600 twenty three, President Tubu has approved the creation of an 3038 02:40:41.719 --> 02:40:45.959 Infrastructure Support Fund for the stety sic States of the Federation. 3039 02:40:47.719 --> 02:40:50.920 And this was when FAK was increased to one point 3040 02:40:51.159 --> 02:40:56.440 nine trillion. One point nine trillion. The new and I'm 3041 02:40:56.520 --> 02:40:59.840 quoting the new infrastructure fund will enable the states to 3042 02:41:00.079 --> 02:41:07.600 intervene and invest in critical areas of transportation, agriculture, healthcare, education, 3043 02:41:07.840 --> 02:41:10.479 blah blah, blah blah. I'm gonna share it on my 3044 02:41:10.719 --> 02:41:12.799 on my Twitter feed just so you guys get the 3045 02:41:12.879 --> 02:41:15.959 point is, this is the genesis of that we got 3046 02:41:16.159 --> 02:41:21.639 one point nine trillion when we removed fuel subsidy in 3047 02:41:22.000 --> 02:41:26.399 July twenty twenty three. This is the seed funding for 3048 02:41:26.559 --> 02:41:29.120 this renewed hope. Now I'm not saying this is the 3049 02:41:29.159 --> 02:41:32.280 renewed hope. It is this is the main funding for 3050 02:41:32.479 --> 02:41:35.079 that renewed hope. They've been taking moneys out of park 3051 02:41:35.680 --> 02:41:38.479 and sort of ring fencing it, and that's those ringfast 3052 02:41:38.559 --> 02:41:41.680 funds is what has now been used for these investments. 3053 02:41:41.760 --> 02:41:44.920 Because you can notice these investments in this font are 3054 02:41:45.040 --> 02:41:49.200 even more than the budgetary allocation. So I'm gonna share 3055 02:41:49.239 --> 02:41:53.200 to my Twitter feed again this is not the renewed 3056 02:41:53.239 --> 02:41:55.200 Hoop fund. This is the point I'm making it that 3057 02:41:55.319 --> 02:41:58.159 you are ring fencing. They are removing funds from fark 3058 02:41:59.200 --> 02:42:03.200 ring fencing it to then spend on projects. And I'm 3059 02:42:03.200 --> 02:42:06.959 going to feed let's get what's its trip. 3060 02:42:08.399 --> 02:42:10.120 Wait to share it to but you know that. 3061 02:42:12.200 --> 02:42:15.239 Share truly, if. 3062 02:42:15.120 --> 02:42:17.559 The Federation Committee decides that we should save up some 3063 02:42:17.639 --> 02:42:19.280 money and put into this fund and use it for 3064 02:42:19.360 --> 02:42:22.200 something that there's nothing wrong with that by law, Like. 3065 02:42:22.360 --> 02:42:27.000 I said, and I quote again the federal government on 3066 02:42:27.200 --> 02:42:31.319 their own, there is no law that passed this infrastructure fund, 3067 02:42:31.879 --> 02:42:36.959 the federal government. Let's let me speak, if if I 3068 02:42:37.239 --> 02:42:41.479 if I could speak without being interrupted, if I could speak, 3069 02:42:41.799 --> 02:42:47.239 if I some money to be clear if I could 3070 02:42:47.360 --> 02:42:53.879 speak without being interrupted. The federal government decided on their 3071 02:42:54.000 --> 02:43:00.159 own to create an infrastructure fund from the revenues that 3072 02:43:00.440 --> 02:43:03.600 went to fuck. This is what I was trying to say. 3073 02:43:04.000 --> 02:43:11.360 The federal government created an infrastructure fund from the revenues 3074 02:43:11.719 --> 02:43:14.000 that we're going to fuck. And I'm going to shad 3075 02:43:14.120 --> 02:43:17.200 on the Twitter feed right now. I've just posted it, 3076 02:43:17.360 --> 02:43:19.559 so you can go ahead and read it there July 3077 02:43:20.920 --> 02:43:24.200 twenty twenty three. Truly logo, How are you doing, sir, 3078 02:43:24.319 --> 02:43:26.520 Tree Logo, You've got the floor. Please go ahead, Truly 3079 02:43:26.600 --> 02:43:27.079 can look. 3080 02:43:26.959 --> 02:43:28.920 And I quickly speak on this thing you just said. 3081 02:43:30.079 --> 02:43:32.239 I've just shared it. Why don't you read it and 3082 02:43:32.319 --> 02:43:34.639 then you can come back and read what I said. 3083 02:43:34.760 --> 02:43:37.399 So you made a statement, Maybe just comment on the statements. 3084 02:43:37.559 --> 02:43:38.600 You made a statement. 3085 02:43:38.799 --> 02:43:43.000 You said the federal gold Means started an infrastructure fund, 3086 02:43:43.479 --> 02:43:46.319 and they decided to take money from the Federal. 3087 02:43:46.200 --> 02:43:49.600 Location the Federation and Location Committee. Now the question is 3088 02:43:49.600 --> 02:43:49.879 going to. 3089 02:43:49.920 --> 02:43:52.440 Ask in the Federition and Location Committee that money that 3090 02:43:52.559 --> 02:43:55.600 they took is it from their share or is it 3091 02:43:55.719 --> 02:43:58.479 from the share of the states the entire fedition, which 3092 02:43:58.479 --> 02:44:00.600 is the state goverment and local goment. If it's from 3093 02:44:00.680 --> 02:44:05.280 the federal goverment share of the fact money, then it 3094 02:44:05.440 --> 02:44:08.120 is deferrable means money that they took and put on 3095 02:44:08.159 --> 02:44:08.600 the fond. 3096 02:44:09.000 --> 02:44:13.040 If it's defederation share, it means that the Federation. 3097 02:44:12.799 --> 02:44:13.520 Meets the states. 3098 02:44:13.559 --> 02:44:15.879 And you look how God means in conjunction with the 3099 02:44:15.959 --> 02:44:20.799 Ferra goldmin all agreed to take out a separate an amount. 3100 02:44:20.799 --> 02:44:24.319 And put in the Renewed Hope Infrastructural Fund. There is 3101 02:44:24.440 --> 02:44:26.120 nothing wrong with that by law. 3102 02:44:26.479 --> 02:44:28.520 Thank you coordination. 3103 02:44:29.239 --> 02:44:33.239 Again again, while we're talking about this, i will making 3104 02:44:33.280 --> 02:44:36.239 a point at the Renewed Hope Fund scantting. This money 3105 02:44:36.319 --> 02:44:40.200 is from fuel subsidiar removal, and I'm saying this is 3106 02:44:40.239 --> 02:44:44.520 the genesis of that Renewed Hope Fund. Again, I'm not 3107 02:44:44.680 --> 02:44:47.879 saying we need Hope Fund is infrastructure fund. I'm saying 3108 02:44:47.920 --> 02:44:52.319 this money you are seeing is coming from the removal 3109 02:44:52.479 --> 02:44:55.159 of fuel subsidy. And if you read what I posted, 3110 02:44:55.559 --> 02:44:58.959 you would see there on behalf of the testy six states. 3111 02:44:59.600 --> 02:45:04.479 Fuck is federation not federal. The federal government on their 3112 02:45:04.680 --> 02:45:09.120 own said they are saving money in an infrastructure fund, 3113 02:45:09.680 --> 02:45:12.079 about seven hundred and one billions. What is saved from 3114 02:45:12.120 --> 02:45:14.799 one point ninety two points and put there. It's I 3115 02:45:14.879 --> 02:45:17.680 shed it up literally is from Dieimetric. Really there and 3116 02:45:17.799 --> 02:45:20.719 they saved it and it's there, they said for thirty 3117 02:45:20.760 --> 02:45:25.120 six states, the committee has resolved and quoting to save 3118 02:45:25.280 --> 02:45:29.879 a portion of the monthly distributed proceeds. So here again, 3119 02:45:30.200 --> 02:45:34.479 the committee has resolved to cy why do you why 3120 02:45:34.559 --> 02:45:37.479 do you keep on? Why do you keep on interrupting? 3121 02:45:38.000 --> 02:45:39.000 Why do you keep going on? 3122 02:45:39.200 --> 02:45:40.200 You know, you know, you know, you know. 3123 02:45:40.280 --> 02:45:42.079 If I remove you, it looks like federation. 3124 02:45:42.200 --> 02:45:44.680 It's not just federal government. It is the state, the 3125 02:45:44.799 --> 02:45:47.879 local and the federal level. That is what you're artically saying, 3126 02:45:48.120 --> 02:45:50.440 and that is what I'm also saying. So your at 3127 02:45:50.760 --> 02:45:52.200 corregorates my points. 3128 02:45:52.520 --> 02:45:58.520 Thank you truly. Go ahead, go ahead, I can hear it. 3129 02:45:59.600 --> 02:46:01.719 Okay, hello everyone on the space. 3130 02:46:01.879 --> 02:46:04.559 I'd like to greet everyone according to their time zones, 3131 02:46:05.120 --> 02:46:08.319 but please pervct me to just use the colloquial grating 3132 02:46:08.440 --> 02:46:10.479 of heaven and welcome to this space. 3133 02:46:11.200 --> 02:46:12.479 You did a great job, Calum. 3134 02:46:12.680 --> 02:46:17.440 I really commend you for hosting this space. But most truly, 3135 02:46:17.559 --> 02:46:21.040 it's not just about hosting the space. It's about your 3136 02:46:21.440 --> 02:46:26.959 composure as well as your ability to moderate this space effectively. 3137 02:46:27.479 --> 02:46:33.000 We've had some quite disruptive characters and persons who do 3138 02:46:33.159 --> 02:46:36.280 not want to listen but feel the speaking on the 3139 02:46:36.360 --> 02:46:39.559 top of their voice would make sure that their points 3140 02:46:39.600 --> 02:46:44.239 are heard. Whereas they aren't contributing to knowledge neither adding 3141 02:46:44.399 --> 02:46:51.399 presenting alternative facts from credible sources that each person on 3142 02:46:51.559 --> 02:46:55.920 this call or this space can reference to as well 3143 02:46:55.959 --> 02:47:00.840 as improve their knowledge. Or rather, they are being conjective 3144 02:47:01.000 --> 02:47:04.680 and interjective. It baffles me that this is a very 3145 02:47:04.879 --> 02:47:08.200 common paracter with some Nigerians. 3146 02:47:09.280 --> 02:47:11.319 This is a space for intellectuals. 3147 02:47:13.159 --> 02:47:15.319 I'm not going to reply you don't stop. 3148 02:47:15.399 --> 02:47:16.479 Ben, I'll take you off. 3149 02:47:16.680 --> 02:47:16.840 Ben. 3150 02:47:17.040 --> 02:47:18.319 If I take you off the space, you. 3151 02:47:18.280 --> 02:47:20.440 Should stop talking about me. Why is it talking about 3152 02:47:20.440 --> 02:47:21.520 many topic of this space? 3153 02:47:22.200 --> 02:47:25.200 All right, let's continue, So just go on with your comment. 3154 02:47:25.280 --> 02:47:26.000 Please just go on. 3155 02:47:27.559 --> 02:47:30.440 And before you go on, guys, I don't want to 3156 02:47:30.479 --> 02:47:32.399 go this back and forth. And the reason why I'm 3157 02:47:32.399 --> 02:47:35.040 stressing this is because this goes central to the point 3158 02:47:35.079 --> 02:47:37.680 of the host space. I've now shared a portion of 3159 02:47:37.840 --> 02:47:40.399 the federal government's own quote. Look at it, what they're 3160 02:47:40.399 --> 02:47:46.639 saying and I quote. The Federal government therefore decided to 3161 02:47:46.840 --> 02:47:51.319 save a portion of it, which it hopes will constitute 3162 02:47:51.440 --> 02:47:54.959 funds for the if of the tests six days of 3163 02:47:54.959 --> 02:47:57.479 the federation. Again, I'm going to share it on Twitter. 3164 02:47:57.959 --> 02:48:00.719 You can argue back and forth all like, remember what 3165 02:48:00.840 --> 02:48:03.760 again a few minutes ago that this did not exist? Again, 3166 02:48:03.840 --> 02:48:06.840 I was monic from pension fund. Now I've shown proof. 3167 02:48:06.920 --> 02:48:10.280 Now again it's not federation, it's federal. It's right here. 3168 02:48:10.479 --> 02:48:12.639 I'm going to shad but please go just stray to 3169 02:48:12.680 --> 02:48:14.600 your own point. Loogle, let's us go to your point. 3170 02:48:14.680 --> 02:48:17.079 That's go on, Yeah, go ahead, thank you, thank you 3171 02:48:17.159 --> 02:48:17.440 so much. 3172 02:48:17.440 --> 02:48:19.719 So I'd like to create the indulgence of everyone the 3173 02:48:20.600 --> 02:48:22.319 educative and informative space. 3174 02:48:22.680 --> 02:48:24.200 Please, if you have the privilege to. 3175 02:48:24.319 --> 02:48:28.799 Speak, educate and inform us, let us make reference to 3176 02:48:29.280 --> 02:48:32.840 sources and let us speak from the sources. 3177 02:48:32.520 --> 02:48:35.520 So we can also learn and we could also come back. 3178 02:48:35.440 --> 02:48:38.520 To ask you questions if we find something that is 3179 02:48:38.719 --> 02:48:42.079 a bit off and contribute to whatever point you have made. 3180 02:48:42.760 --> 02:48:45.000 Let's not be on the on the money or the 3181 02:48:45.399 --> 02:48:49.600 person's knowledge and research when we have nothing to offer. 3182 02:48:50.319 --> 02:48:53.399 So let's value the privilege we have to speak so 3183 02:48:53.680 --> 02:48:55.200 others can benefit from us. 3184 02:48:55.920 --> 02:49:00.520 Regarding this talk about infrastruct infrastructure spending and federal character. 3185 02:49:01.319 --> 02:49:04.360 It's quite funny here because I know it grew up 3186 02:49:04.399 --> 02:49:07.319 in a time where my great grandma were part of 3187 02:49:07.399 --> 02:49:12.600 the people who benefited from the ports down in Worry. 3188 02:49:13.959 --> 02:49:18.600 This set of women were known as the Hebrew Women. 3189 02:49:19.000 --> 02:49:20.760 I don't know if you know about the story about 3190 02:49:20.799 --> 02:49:21.440 the Hebrew women. 3191 02:49:21.559 --> 02:49:25.319 Calu it help us out, please, Okay. 3192 02:49:25.479 --> 02:49:29.680 These are the women that first went into the whole 3193 02:49:30.000 --> 02:49:35.760 sale of fish, ice, fish, importation of different kinds of 3194 02:49:35.879 --> 02:49:39.040 fish through the Ibrew family because it was a big 3195 02:49:39.120 --> 02:49:42.840 shipping business that they had before they eventually branched off 3196 02:49:42.920 --> 02:49:44.440 into the banking industry. 3197 02:49:46.879 --> 02:49:51.360 And then we had the ports at the east, which was. 3198 02:49:51.959 --> 02:49:57.399 Solely into importation, Coco exportation and all blacks when it 3199 02:49:57.479 --> 02:50:04.239 comes to infrastructure. When it comes to infrastructure, the government 3200 02:50:04.559 --> 02:50:09.680 makes the policies and creates the framework true and then 3201 02:50:10.079 --> 02:50:14.639 private individuals or polls of resources from foreign companies come 3202 02:50:14.719 --> 02:50:18.959 together to implement the policies of the government. 3203 02:50:20.360 --> 02:50:21.040 What do I mean. 3204 02:50:22.040 --> 02:50:25.600 Take a very good example of the three airports we 3205 02:50:25.760 --> 02:50:29.280 have along with the Tri State air I'm sure, Carlu 3206 02:50:29.319 --> 02:50:31.760 you're very family of the Tri State air We talk 3207 02:50:31.760 --> 02:50:37.120 about New York, New Jersey and Connecticut. In the nineteen seventies. 3208 02:50:37.399 --> 02:50:40.440 Do you remember the story of how these airports were 3209 02:50:40.520 --> 02:50:44.159 not functioning and how they were almost run to the ground, 3210 02:50:44.399 --> 02:50:47.520 including the popular JFK that we know today as well 3211 02:50:47.600 --> 02:50:52.239 as the new one in New Jersey even open to recently. 3212 02:50:53.200 --> 02:50:56.000 But the government had policies in place, but they did 3213 02:50:56.079 --> 02:50:57.840 not have the money to execute. 3214 02:50:58.559 --> 02:50:59.200 What happened. 3215 02:50:59.559 --> 02:51:04.239 They created an open room for private investment funds to 3216 02:51:04.440 --> 02:51:09.319 come into these efports to improve the infrastructure, and these 3217 02:51:09.360 --> 02:51:11.200 are one of the busiest eirports that we have in 3218 02:51:11.280 --> 02:51:14.200 the Tristate area as well as take a look at 3219 02:51:14.280 --> 02:51:17.360 the ports of Virginia as well as the port of 3220 02:51:17.600 --> 02:51:18.399 Los Angeles. 3221 02:51:19.760 --> 02:51:20.239 Why am I. 3222 02:51:20.399 --> 02:51:21.360 Making this point? 3223 02:51:23.200 --> 02:51:27.040 As a country, we have come a long way and 3224 02:51:27.280 --> 02:51:32.639 we have decided that for equity that federal character is 3225 02:51:32.719 --> 02:51:35.719 one of the ways to go. A federal character has 3226 02:51:35.799 --> 02:51:42.680 its flaws. However, these flaws are magnified by selfish interests 3227 02:51:42.879 --> 02:51:46.159 of people in the corridors of power, and we see 3228 02:51:46.159 --> 02:51:49.360 it to play out every single day and every single time. 3229 02:51:51.040 --> 02:51:52.920 Is federial character in itself bad? 3230 02:51:53.719 --> 02:51:55.040 No do? 3231 02:51:55.600 --> 02:52:00.639 In my personal opinion, I feel it has outlived its purpose. Well, 3232 02:52:00.799 --> 02:52:05.600 something is still critically lacking, which is what got mental 3233 02:52:05.719 --> 02:52:10.760 policies in place for private sector players to come in, 3234 02:52:11.360 --> 02:52:18.319 invest and build these infrastructures. If Legos has three ports, 3235 02:52:18.440 --> 02:52:22.520 as we all know, and not just the pots, we're 3236 02:52:22.520 --> 02:52:24.479 not just talking about the ports now, we're talking about 3237 02:52:24.760 --> 02:52:30.079 other infrastructures that supports the ports, the road networking as 3238 02:52:30.159 --> 02:52:34.879 well as train for serious countries, because there's hardly any 3239 02:52:35.000 --> 02:52:39.879 ports that doesn't have a train nearby for moving setting 3240 02:52:40.360 --> 02:52:44.840 types of products or goods and services across the length 3241 02:52:44.879 --> 02:52:48.239 and breadth of the country, because some of these products 3242 02:52:48.280 --> 02:52:50.799 are not supposed to go on road due to the 3243 02:52:51.040 --> 02:52:56.520 nature of this product. Legers over time in the last 3244 02:52:57.120 --> 02:52:58.680 during the Warrior administration. 3245 02:52:58.799 --> 02:53:01.239 But truly, look at I'm gonna culture if I just 3246 02:53:01.319 --> 02:53:03.040 don't get to get a few points from you if 3247 02:53:03.040 --> 02:53:04.920 you don't mind, right, So are you saying, are you 3248 02:53:05.120 --> 02:53:08.159 for federal character for shae of infrastructure? 3249 02:53:08.559 --> 02:53:09.159 Are you for that? 3250 02:53:13.200 --> 02:53:14.000 As it is? 3251 02:53:14.600 --> 02:53:18.879 We have it in our constitution and unless it is expunged, 3252 02:53:19.879 --> 02:53:21.040 we just have to make do of it. 3253 02:53:21.399 --> 02:53:26.239 I'm not for it personally. I believe it has outlived its. 3254 02:53:26.159 --> 02:53:32.399 Purpose, and when it comes to infrastructure, infrastructure situation and development, 3255 02:53:33.159 --> 02:53:35.120 I feel it has outlived its purpose. 3256 02:53:35.159 --> 02:53:36.959 But for the meter fact that we still have it, 3257 02:53:37.719 --> 02:53:39.760 we could make better use of it. 3258 02:53:41.520 --> 02:53:44.680 Okay, exactly, got you understood. So second point, do you 3259 02:53:44.799 --> 02:53:48.920 think there's a there's a bias in where investments being cited? 3260 02:53:48.959 --> 02:53:50.760 Do you think it's even handed? Do you believe that 3261 02:53:50.840 --> 02:53:53.840 even if there's a bias, is that bias is because 3262 02:53:54.040 --> 02:53:57.559 legos is the commercial capital. Hence we have to invest 3263 02:53:57.639 --> 02:54:02.879 in the commercial capital to create revenues to then invest 3264 02:54:02.959 --> 02:54:05.600 in the non commercial states. What I mean is this, 3265 02:54:06.120 --> 02:54:09.120 people are saying, we're investing legal sports. Okay, well, legal 3266 02:54:09.159 --> 02:54:12.639 sport is the commercial port. So if we invest in legals, 3267 02:54:12.680 --> 02:54:15.159 we get the revenues and those of us then go 3268 02:54:15.239 --> 02:54:17.639 to the quote unquote non commercial points. Is that a 3269 02:54:17.680 --> 02:54:18.319 good argument? 3270 02:54:19.959 --> 02:54:23.559 That is a very poor argument, low imates lo. 3271 02:54:23.799 --> 02:54:26.719 It might hold this ground on some points, but that 3272 02:54:26.920 --> 02:54:30.559 is a very poor argument, and its short sighted argument 3273 02:54:30.920 --> 02:54:31.920 is a blind argument. 3274 02:54:32.840 --> 02:54:35.680 So earlier, while I was listening, I heard someone say. 3275 02:54:35.559 --> 02:54:41.040 That Ford made cars before the other roads, and I 3276 02:54:41.159 --> 02:54:45.360 sat down here, I was laughing at myself. Americans had 3277 02:54:45.840 --> 02:54:50.479 paved roads, some were tired, some were on tired, but 3278 02:54:50.680 --> 02:54:55.559 these roads were paved and smooth. Those cars ran on 3279 02:54:55.760 --> 02:54:59.920 these on tired roads before the advent of power and tire. 3280 02:55:01.360 --> 02:55:03.840 These roads and infrastructures were there. 3281 02:55:04.840 --> 02:55:09.559 Now because of this road and infrastructures, development and technology 3282 02:55:09.719 --> 02:55:14.959 came to meet it and it's kept expanding for casting 3283 02:55:15.239 --> 02:55:17.000 and projecting. 3284 02:55:16.840 --> 02:55:17.559 For the future. 3285 02:55:19.280 --> 02:55:23.280 Why did Legos become the commercial hub that we have 3286 02:55:23.479 --> 02:55:25.159 it today or we are all referring to it as 3287 02:55:25.200 --> 02:55:28.559 a commercial hub? You yourself Calu has stated clearly as 3288 02:55:28.600 --> 02:55:32.280 well as the last speaker I'm trying to recall his name, Lulu. 3289 02:55:33.000 --> 02:55:37.280 Due to the civil war or concentration by government, policies 3290 02:55:37.479 --> 02:55:42.600 and by design were centered in Legos. Now, the question 3291 02:55:42.760 --> 02:55:46.319 I put to you is this in the last thirty 3292 02:55:46.479 --> 02:55:52.200 years to do what can we say or can we 3293 02:55:52.520 --> 02:55:58.040 hold and say? This is a development of the commercialization 3294 02:55:58.479 --> 02:56:00.440 of the key ports in Legos. 3295 02:56:01.079 --> 02:56:04.000 I mean, can you can you can make money? Let 3296 02:56:04.040 --> 02:56:06.000 me let me, let me make the argument. 3297 02:56:05.760 --> 02:56:06.639 For legal parts. 3298 02:56:06.719 --> 02:56:08.520 Why is the ports not generating money? 3299 02:56:08.840 --> 02:56:13.920 And where are those private investment funds that are supposed 3300 02:56:13.959 --> 02:56:18.040 to be driving legal sports while we look at developing 3301 02:56:18.360 --> 02:56:20.520 other parts with federation. 3302 02:56:21.680 --> 02:56:24.120 Okay, let me make Let me make the agrement for Legos. 3303 02:56:25.360 --> 02:56:28.680 Legos ont let me make that argument for Legos. If 3304 02:56:28.719 --> 02:56:32.479 you don't mind. Lego States got the ports because they 3305 02:56:32.559 --> 02:56:35.200 have the market. They were able to attract investors for 3306 02:56:35.239 --> 02:56:37.280 the deep sea port. You know what the deep sea 3307 02:56:37.360 --> 02:56:40.239 port is the big ships go to the sea or flow. 3308 02:56:40.360 --> 02:56:42.440 Then it's moved to Legos ports. So you can have 3309 02:56:42.520 --> 02:56:46.040 a deep sea port where lead no market. So Legos 3310 02:56:46.040 --> 02:56:48.879 did because they were able to attract the market in Nigeria. 3311 02:56:48.959 --> 02:56:51.280 To Legos, they were able to attract the investors. But 3312 02:56:51.440 --> 02:56:55.319 deep Syport was built by private investors. They didn't go 3313 02:56:55.399 --> 02:56:57.879 and build that private investment in acquired bomb that has 3314 02:56:57.959 --> 02:57:01.639 a natural deep sea harbor. They building in Legos. So 3315 02:57:02.000 --> 02:57:09.079 it's sort of like al why because the marketing legal it's. 3316 02:57:09.000 --> 02:57:11.399 Not just about market, it's about policies. 3317 02:57:12.159 --> 02:57:17.719 Okay, if we're talking about market plum right now, why 3318 02:57:17.879 --> 02:57:19.760 is it port situated in Virginia? 3319 02:57:21.120 --> 02:57:24.000 America? Is America does the spread? 3320 02:57:24.159 --> 02:57:24.280 Right? 3321 02:57:24.360 --> 02:57:28.040 There's New York on that part when Atlantic coast, there's 3322 02:57:28.040 --> 02:57:32.079 also lost Los Angelists. They have inland ports. They don't 3323 02:57:32.120 --> 02:57:36.000 do federal character right, they do mostly private but but 3324 02:57:36.479 --> 02:57:39.319 but the railways were built by the government in the 3325 02:57:39.399 --> 02:57:41.239 un that is they give the land to the private 3326 02:57:41.239 --> 02:57:43.959 gas and said if you build a railway it's your land. 3327 02:57:44.840 --> 02:57:46.959 So so that is that way. 3328 02:57:47.040 --> 02:57:49.799 So that's my tech question to you. Yeah, So what 3329 02:57:49.920 --> 02:57:51.639 you're saying is that if I understand what you're saying, 3330 02:57:51.639 --> 02:57:54.760 you are saying that you want the legos in quote 3331 02:57:54.760 --> 02:57:58.000 the commercial stities, the legos of the rivers, the Abuja 3332 02:57:58.399 --> 02:58:01.600 to more or less focus on getting the private capital, 3333 02:58:02.159 --> 02:58:04.719 and you wanted the Federation for to then go to 3334 02:58:04.799 --> 02:58:08.360 the states that are not yet buoyant commercially. Is that 3335 02:58:08.479 --> 02:58:09.799 a summary of what you're saying. 3336 02:58:10.920 --> 02:58:19.959 Now, what makes a location buoyant commercially? Policies, intentional developmental policies, 3337 02:58:21.159 --> 02:58:25.120 and why would you have a natural deep sea port 3338 02:58:26.360 --> 02:58:31.319 access to the south to decongest a port in acquirebomb 3339 02:58:31.440 --> 02:58:34.639 and in worry And there are no governmental policies to 3340 02:58:34.840 --> 02:58:39.680 develop ports that can handle that could breath large cargoes. 3341 02:58:39.959 --> 02:58:42.319 Okay, you don't want to breath large large cargoes? Are 3342 02:58:42.319 --> 02:58:44.760 those ports? How about shadow cargos? 3343 02:58:46.440 --> 02:58:48.719 The policies are not there and the government is not 3344 02:58:48.879 --> 02:58:55.479 interested in formulating those policies to enable these other ports function. 3345 02:58:56.280 --> 02:58:58.719 So it's not about the it's not about the funds. 3346 02:58:58.959 --> 02:59:03.000 If the policies there and the government is strategic the 3347 02:59:03.120 --> 02:59:04.399 funds will come. 3348 02:59:05.040 --> 02:59:08.079 Understood, All right, understood, that's fine. I just want to 3349 02:59:08.120 --> 02:59:10.280 get that, just to get us on that, on that mindset. 3350 02:59:10.360 --> 02:59:12.920 That's fine. Regenerative, I know you've been reading. Do you 3351 02:59:13.000 --> 02:59:15.399 happen to comment? Regenerative, I've been. 3352 02:59:15.760 --> 02:59:17.559 I haven't lost Calo, and I think I. 3353 02:59:19.079 --> 02:59:20.760 Go go for it, go for I haven't seeing the 3354 02:59:20.879 --> 02:59:23.399 hand up and the top guy you are spoken, go ahead. 3355 02:59:23.440 --> 02:59:25.879 So yeah, yeah, I just make a contribution. 3356 02:59:26.399 --> 02:59:29.959 But I think right now I want to go on 3357 02:59:30.079 --> 02:59:31.799 through disclosure. So let me first. 3358 02:59:31.799 --> 02:59:35.879 Ataday is a woman from Australia that made some useless 3359 02:59:35.879 --> 02:59:38.399 for my language. 3360 02:59:38.440 --> 02:59:39.760 Please yeah, sorry. 3361 02:59:40.159 --> 02:59:43.920 Sorry for using that, but I'm paid as an Enginian youth. 3362 02:59:44.040 --> 02:59:49.040 G lit song caming up even my hands was I've 3363 02:59:49.120 --> 02:59:51.760 once living in the Natia and you guys can believe 3364 02:59:51.879 --> 02:59:53.680 fat checking everything I'm going to say to you know, 3365 02:59:54.639 --> 02:59:55.920 is it two or is it two? 3366 02:59:56.000 --> 02:59:57.799 Under than eighteen million populations