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Halafi Mengedi
Senior Member+
Posts: 45809
Joined: 30 May 2010, 23:04

To Debretsion how you can finance farming lands taken for Giba Dam, use percentage of completion or straight-line rent

Post by Halafi Mengedi » 20 Mar 2020, 00:10

This method will be a win-win situation for you and the farmers to stay afloat in order to keep up with hand to mouth life until they get their total compensations. The percentage of completion the construction of the dame will give Mengisti Tigray time to come up the money to pay them and the farmers do not have to be dry hand and starve to death but will give them something to stay afloat and keep hope alive until they get all their compensations.

The way it works is the engineers know the total cost of the project before it was began and as the percentage of completion, let say the first phase was 10% of the project completed, that means 10% of the total project estimated was incurred or consummated and the farmers total compensation for each is known and Mengisti Tigray must pay them 10% of the total compensation for each farmer. The next time when the engineers calculate the percentage completed then do the same for the farmers until the project is completed and the farmers will get all their compensation too.

The other method is Straight-line rent expense, the formula is the total cost divided by the total duration. The project will take 36 months as stated to complete, that means the cost estimated divided by 36 months or 3 years if you want to pay them annually. For the farmers case, total compensation for each farmer divided by 36 months if you want to pay them monthly or 3 years if you want to pay them once a year.


You may have two options for the source of the money to pay the farmers compensation for the land:

One option is to tax people who spend on wedding above specified amount for the video show biz and they must be penalize since a capital city does not have adequate water to drink but some brainless greedy either looters or not spend their money lavishly on wedding just people to talk about their wedding for 24 hours and videos. This is very justified and you must adhere it for temporary solution for Mengisti Tigray.

The second option is let the resident of ungrateful Mekelle residents “Zmexe Goytaye” whether Derg or Woyane. Mekelle city has annual budgets every year to spend, since the beneficiaries are the residents you must take the total amount you will pay for the farmers per either formula and put on hold some of the programs would have been spent in Mekelle, it could be recreational or any other similar program or paving road for the next three years.






Where did this man get such money to spend lavishly birthday for his mother, did he not read King Haileselassie birthdays stories??? These are the kind of people you must tax them and the resent wedding Gual Haftey Firyat Yemane too???





Halafi Mengedi
Senior Member+
Posts: 45809
Joined: 30 May 2010, 23:04

Re: To Debretsion how you can finance farming lands taken for Giba Dam, use percentage of completion or straight-line re

Post by Halafi Mengedi » 22 Mar 2020, 01:32

We used to have slaves and the female slave saw a teacher carrying farming equipment to farm one morning and she was wondering and if everyone is farmer then who is going to buy the crops because she knows farmers farm and teachers and other government workers buy their crops and domestic animals at Saturday market place. Anyway, the slave said "Wetu Wetu Kulu Arestay Engdih Ehil Man Yishomuto???" They used to speak with mixed Amharic and heavy accent.

My point is if everyone spends lavishly for wedding as a competition then who is going to save money since a nation depends on citizens saving for the future???

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