Sentences with phrase «many white elephant projects»

Besides inflating the largest real estate bubble in world history, this massive infusion of debt also financed many white elephant projects, such as useless infrastructure and excess steel, automobile, and cement factories.

He built the motorway between Accra and Tema, and it was called a white elephant project because at that time, the number of cars using it were very few.

Nkrumah was building industries, he wanted Ghana to become self - reliant, some of the same accusations that he was driving Ghana into debt, that Akosombo was unnecessary, that he was busy doing white elephant projects, and all that.

The authors go on to illustrate that the remaining 20 cents of loan monies are used to finance white elephant projects, «ghost» projects» (i.e. fictitious roads, schools, soldiers, etc.), government salaries, ineffective development and infrastructural projects or it leaves the country through capital flight within the coming years — leaving little to nothing of actual development monies for the citizenry of these countries.

They described the Job 600 as a white elephant project, when Nkrumah was putting it up to host the 2nd Organization of African Unity (OAU) Conference in Accra in 1965.

While Fayemi spent the bond money for infrastructure development of the state, including major roads, street lightening, school renovation, government lodge / office, a civic centre, the Ikogosi warm spring resort and Ire Burnt Bricks Company, among others; Fayose had opted for white elephant projects including an airport and a flyover.

The President lauded Governor Lalong for continuing with the projects abandoned by previous administrations, noting that this has saved the state from white elephant projects and assured that the federal Government will speed up refunds on Federal works executed by the state.

With good roads, anybody from Ogun state and Oyo state can get to MMA under 1 hr.So why the white elephant project?

«Fayose will surely account and pay back every penny he and his family took from Ekiti coffers through his white elephant projects, and for the first time, he will know that Ekiti people are no fools that he calls them.»

Going after China on the facts would be like attacking their ideal society, a repressed, corrupt, draconian, fake, hollow, even deeper in debt, and addicted to creating an endless parade of major white elephant projects, and environmental destruction on an epic scale, where they send an invoice to a familly for the cost of the bullet they use to execute your protesting relatives.

Not exact matches

«Almost by definition, huge infrastructure projects, especially those in the developing world, are white elephants,» says Lam of the Chinese University of Hong Kong.

It's a remarkable turnaround for a controversial project that some critics dubbed a white elephant after the Liberal government sunk $ 395 million into the «discovery district» hub over the years.

These effects are significantly larger during periods of slow growth and in countries with high public investment efficiency, which is critical to ensure that resources are not squandered on «white elephant» projects.

My roommate and I threw our third annual Galentine's party — i.e. waffle bar + fondue extravaganza with a white elephant gift exchange (I got and am so excited to read this) and then I spent my actual V - day holed up in my room working on a bunch of finals projects and cleaning the heck out of my room.

A long - term project, the new stadium could become a white elephant if the football side of the club is negligently managed.

For example, we found that voters in Croatia tend to favour «white elephant» projects and «bridges to nowhere.»

Whether it was the people of the North East rejecting politicians plundering their earnings to pay for white elephant vanity projects, working class voters rejecting apparently over-generous welfare arrangements for EU migrants, or left leaning Labour voters rejecting the supposed excesses of the capitalist system, fairness lies at the heart of British anger.

Their German counterparts, by contrast, scattered their work among many projects and tended to prize engineering virtue above practicality, yielding tanks like the Tiger that may have been individually superior in battle but were few in number and often «white elephants» that broke down in the field.

Just the other day I told Susan Arbetter of The Capital Pressroom that SolarCity's losses have worsened and one industry analyst has declared the SolarCity project a «white elephant» in the making.

Is the ongoing project the white elephant state secretariat?

«Making reference to projects like «the multibillion naira Opon Imo, a contract that was allegedly awarded to or co-ordinated by the governor's son, N20.9 billion garment factory, RLG factory, white elephant Osun Airport that has gulped billions of Osun people's money, it is unfathomable how Aregbesola is able to sleep in the night knowing full well that his government is running on deceit.

Labour will use that money to spend more on bureaucrats who will regulate you, and on state projects which are nothing but expensive and wasteful white elephants».

For example, let's assume you have been assign a project to lift the sale of a sagging product that has become a white elephant for the company and causing a heavy loss.