Showing posts with label China Railway Construction Company. Show all posts
Showing posts with label China Railway Construction Company. Show all posts

Wednesday, October 12, 2022

Lagos Is Far From Excellence, Not Yet Working!

 By Gbadebo Rhodes-Vivour

Lagos is not working. Once promising, the state now wallows in a sickening state of mediocrity, captured by a fraudulent and mercantilist political class that has held sway for 21 years. Indeed, Roosevelt helps us understand the danger of the mercantile class when he opined thus:

“The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism ownership of government by an individual, or a group.” Roosevelt’s wisdom sums up most appropriately the present tragedy that is the lot of Lagosians.

To start with, the wealth of Lagos is directly tied to the productivity and sweat equity of its citizens. More than 80% of Lagos’s revenue comes from income tax, consumption tax and several other forms of taxation. Hence, while successive administrations brag about increasing internally generated revenue, they have spectacularly failed to hold up their part of the social contract. Close to N10 trillion has been spent during the period but Lagos still ranks as one of the most unliveable cities in the world. Of what use are the trillions generated in tax revenue if it doesn’t improve the life or livelihood of the average citizen?