Spending N32.3B of public funds on a religious building is why I often say a lot of Nigerian Governors are stupid, surrounded by opaque advisers.
Nigerians seek prosperity, their governors seek poverty. Unfortunately at every turn we blame the Federal Government.
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@markessien
Using N700 as the exchange rate to $, the state government has just wasted $46.2m because no religious crusade or patronage will pay this back in ten years, funds that could have gone into 11 mini plantations across all the local governments of the state .
@CaptainArinze
The Land Use Act vest powers and custody of land with state governors, I doubt if there will be any local government that would refuse to cede land for a 500 to 1000 acre oil palm plantation, an investment at the local level that after 3 years gives guaranteed returns and jobs.
Doing a 40/30/30 split under proper management conditions , each 1000 acre plantation would pay back the scheme after all expenses and taxes are deducted $435,000 annually for 20 years , but no Udom must build a house of praise, he wants his name to replace David in the bible.
Source-Nairaland Forum
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