Dangote is investing approximately N3t Naira on the massive capital mega-project in Lekki-Lagos

This massive capital project investment is being down in the same country -NIGERIA, where the Federal government had set aside approximately 4.2 trillion Naira (70% of N6Trillion) to over-bloated recurrent expenditure spendings in the 2016 Budget considering the realities of economies of the nation.

Knowingly fully well that infrastructural development is the driver of economic growth NOT recurrent spendings.

Nigeria Government should study how different nations that witnessed economic recession at one time or the other came out stronger out of recession.🤔

I don't think Mr President should wait till Nigeria goes from recession to depression before ordering RMAFC to do their statutory roles BY SLASHING THE RECURRENT JUMBO RENUMERATION PAYMENT PACKAGES OF ALL POLITICAL ELECTED AND APPOINTED ACROSS BOARD.

USA came out of great economic depression by allocating more fundings for capital infrastructural projects than recurrent spendings. Greece got bailout by the EU to come out of economic depression with the funds invested mostly on capital infrastructures to grow their economy. Unfortunately, AU cannot bail Nigeria out if Nigeria gets into economic depression.

However, Nigeria government have found it very hard to learn from this because they cannot forgo their bloated recurrent spendings which is killing the economy and hindering any meaningful capital projects.

Ask why 2nd Niger Bridge, Mambilla Hydro Electricity Dam projects etc ain't listed in the 2016 Budget, the response will be no fund to cover the expenses in 2016. However FG has N165bn for recurrent payroll monthly which amount to over N2Trillion yearly.

Ethiopia survived civil war and bad economy and their forward thinking Government of this era kept 40% max of their national budget on recurrent spendings while 60% voted for massive Capital Infrastructural Development Projects which are the main drivers of the economy.

Ethiopia has gained continent-wide fame for its development and achievements in the past few years.

For the past decade, Africa's second-most populated country - Ethiopia- has grown economically at an average of 10.8% every year.

The construction of a large dam in the African nation of Ethiopia will be the largest hydroelectric power plant on the continent when it is completed in 2017 with installed electricity generation of 6000MW.

Opinion by Mayowa Michael Adeleye