iwonbaoko: This project reinforces the case that the North are making ; some states dont have enough money while others have too much money and do not know what to do with it. The case of AK is particularly striking because most of its derivation comes from off shore oil. MY point is this the state creation process was quite arbitrary Why should AK have a greater claim on off shore derivation money than Cross River ; these are the same people in many ways. If oil were to be discovered off the coast of Lagos I believe Ogun state should have a claim but That is a LOCAL debate. On the National front if we are to continue as One nation this kind of disparity is wrong especially when it is being blatantly wasted and stolen Yes there should be derivation but there must be some mechanism of FORCED SAVING and INVESTMENT for future generations such as is the case in NORWAY. A stadium is just not a priority at a time of such suffering and insecurity in the country. If there is nothing to do why not save the money 60 billion would build 12000 at 5 million each and create thousands of jobs. This is just shameful but is exactly what happens when too much power is concentrated in one person. What about the Ibaka seaport he made so much noise about? Is that not more sensible than this?

jazzydee: The president did the inspection tour of the stadium while he was in Uyo to commission the $600million Uquo gas processing plant at Esit Eket LGA which has a capacity of 200million cubic ft of gas per day and is currently supplying gas to the state owned 191MW ibom power plant at Ikot AbaSi LGA and is also expected to supply gas to NIIP power stattion in Calabar and Alaoji and unicem in calabar also . The president also did the formal ground breaking of $1.5billion Jim Ovia's Quantum Petrochemical and methanol plant at Ibeno, and also commissioned the Goodluck Boulevard in Uyo.

more images of the stadium complex and other dignitaries shown around the sports complex.

jazzydee: The president did the inspection tour of the stadium while he was in Uyo to commission the $600million Uquo gas processing plant at Esit Eket LGA which has a capacity of 200million cubic ft of gas per day and is currently supplying gas to the state owned 191MW ibom power plant at Ikot AbaSi LGA and is also expected to supply gas to NIIP power stattion in Calabar and Alaoji and unicem in calabar also . The president also did the formal ground breaking of $1.5billion Jim Ovia's Quantum Petrochemical and methanol plant at Ibeno, and also commissioned the Goodluck Boulevard in Uyo.

more images of the stadium complex and other dignitaries shown around the sports complex.

jazzydee: The president did the inspection tour of the stadium while he was in Uyo to commission the $600million Uquo gas processing plant at Esit Eket LGA which has a capacity of 200million cubic ft of gas per day and is currently supplying gas to the state owned 191MW ibom power plant at Ikot AbaSi LGA and is also expected to supply gas to NIIP power stattion in Calabar and Alaoji and unicem in calabar also . The president also did the formal ground breaking of $1.5billion Jim Ovia's Quantum Petrochemical and methanol plant at Ibeno, and also commissioned the Goodluck Boulevard in Uyo.

more images of the stadium complex and other dignitaries shown around the sports complex.

kennygee:

Okun

IGBOSON1:

^^^I may just as well ask Dangote to share some of his billions with me! I'd have a greater claim demanding a cut from his wealth than a northern state would have over Akwa Iboms God-given wealth!

Left to me, derivation would be 80% sef!....And anybody that wants to litter their region with unviable states and local govt's -with an eye on cornering more of Akwa Iboms oyel receipts- is more than welcome!

jazzydee: last time i was at the site some months back they were working on the second floor of the building. I dont know what the current situation is. But here is a like to the state information ministry they are very quick in responding to inquiries about their state projects you can channel your question there: https://www.facebook.com/AKSMinistryOfInformation

Adesiji77:

Thank you

jazzydee: last time i was at the site some months back they were working on the second floor of the building. I dont know what the current situation is. But here is a link to the state information ministry they are very quick in responding to inquiries about their state projects you can channel your question there: https://www.facebook.com/AKSMinistryOfInformation

jazzydee: The 30,000 capacity all seated and all covered Stadium under construction by julius berger is expected to open on end of sept. 2014 in time for the state anniversary celebration. Mr President was shown around the complex by the State Governor during his recent visit to the state.

Charles1234:
https://www.youtube.com/watch?v=5RBQUHd7TEM#t=12[/img] Akwa Ibom international stadium access
road

Charles1234:
https://www.youtube.com/watch?v=5RBQUHd7TEM#t=12[/img] Akwa Ibom access road

Somebody needs to shoot that i d i o t like Michael Brown in Ferguson, Missouri ! That is not how to access road infrastructure! Some of these nuisances keep disgracing Nigeria all the time without having idea of the gravity of their silliness. Jeez!

all4naija:
Somebody needs to shoot that i d i o t like Michael Brown in Ferguson, Missouri ! That is not how to access road infrastructure! Some of these nuisances keep disgracing Nigeria all the time without having idea of the gravity of their silliness. Jeez!

Inoknowbook: You guys singing the praises of Akwa Ibom should take a chill pill please. Further more, never make the mistake of comparing the state with other non oil producing states. The proper comparison should be with other oil producing states. Do you know that besides the regular monthly allocation Akwa Ibom gets together with every state, it goes further to get huge sum from the 13% derivation funds solely reserved for oil producing states? And from the records, Akwa Ibom gets a larger share of the derivation fund than other oil states. Do you know that the five eastern states put together, for example, does not get half of what Akwa Ibom gets as revenue from the derivation fund? Go and check the records, it is there for every one to see.

Mind you, i'm not begrudging the state, they deserve every penny they get. My only issue is that all these praise singing and comparisons with states that depend solely on meager monthly federal allocation, should be put in proper perspective. Get to know the figure Akwa Ibom gets from the feds, compare it with what other states, especially the non oil producing states, and conclude for yourself if the exercise makes sense in the first place. I believe that the proper comparison should be done with the states that gets extra funds from the derivative fund.

For the Akwa Ibomites, you will be doing yourself and your state a big disservice, if you do not endeavor to find out if the pace of development going on now in your state is commensurate with what it gets from the fed. Your governor may be a performing governor, but is the rate of development at par with the amount he receives? Ask yourself that.

oduastates:
Sure they deserve derivation on their oil but not derivation on the corporate taxes and VAT emanating from Lagos/ogun.

Akwafinaaa: Ok Guys, the Gov actually said the cost of the Stadium complex was N60 billion last week on a Super Sport Documentary about the Uyo stadium, however he also said that the contract involves Julius Berger maintaining the stadium for the next 10 years so that it does not end the way of the other stadia in the country. So lets calm down, I am an Akwa Ibomite of Annang extraction. Cheers all

ujoinme:
But lagos/osun Deserve a share of 87% derivation from oil derived from Akwa Ibom?

Eyop:


Again thank God you've admitted that the governor said that. Do you know the reason why? The financial records of the state states so though #62Billion is what we have there and not #60Billion and he wants that to tally with what we have on record. There's nothing like Julius Berger maintaining the stadium for 10 years is just an avenue to cover up since it's already known. For your information too,i am 100% Ibibio and from Uyo LGA to be precise.

Cheers
Eyop