This report is a continuation of the kite flown earlier and credited to Dangote who incidentally does not owe us any duty of care.
I wish that someone would sum up the net present value of ALL Federal Government assets being considered for liquidation. 2) Revalue them again for the scenario of distress sale. 2) Divide it up equally or unequally (I don't care) and 3) Apply the sums to the cash flow analysis of the various states going forward the next five years.
I predict that only Lagos, Anambra and maybe three other states will survive the stress test.
Hence I insist on the governors and the various state legislators should quit beating about the bush, go back to the drawing board (I hope that have one) and design their way to development, viability and liquidity. That is the only logical thing that they should bring to the table. Otherwise, they stand disqualified to even contribute to the discussion. Can these governors kindly publish the development road map that they produced with Buhari after their original summit at time the word recession was still politically incorrect. The chicken have finally come home to roost.
After sharing the measly federal patrimony, then what? What kind of jokers are these?
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