Eko Atlantic City. . Construction Update July 2010 - Travel - Nairaland
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| Eko Atlantic City. . Construction Update July 2010 by paddylo1(m): 12:56am On Jul 12, 2010 |
[flash=640,385] https://www.youtube.com/watch?v=lJlxHMem3Uo&hl=en_US&fs=1[/flash] Ready or not Here it comes. . . . |
| Re: Eko Atlantic City. . Construction Update July 2010 by ezeagu(m): 1:19am On Jul 12, 2010 |
Japan extended their shores because they already had a 'mega city', the biggest city in the world (where the over whelming majority of its population are well looked after) so they ran out of space. Nigeria is drastically extending their shores because? Instead of facing the problem, just build around it I guess. . . . . . I guess this is an alternate to Abuja, where the rich can escape the millions of poverty stricken citizens, and keep them out of sight, invite their foreign friends there and show them "the real Nigeria". The core continues to rotten. . . . . . 1 Like |
| Re: Eko Atlantic City. . Construction Update July 2010 by paddylo1(m): 1:33am On Jul 12, 2010 |
Japan extended their shores because they already had a 'mega city', the biggest city in the world (where the over whelming majority of its population are well looked after) so they ran out of space. Nigeria is drastically extending their shores because? Instead of facing the problem, just build around it I guess. . . . . . I guess this is an alternate to Abuja, where the rich can escape the millions of poverty stricken citizens, and keep them out of sight, invite their foreign friends there and show them "the real Nigeria". The core continues to rotten. . . . . . I dont know why but i like taking on ignorant folks like u on Nairaland. . . For your info. . this is not a Nigerian Govt project. . . Its not even a lagos state project,although the state does support it Its a privately funded project. . get it. . . Plus the state is going to be up to 25million in 2025 New districts have to open up Its funny a lot of u cry about decentralizing governance in Nigeria now that it is being done u also complain. . . If other state Governors cannot provide a conducive environment to attract private capital pls blame it on them stop coming here to spew your ignorance. . . and its not by force to buy the land. . u can stay wherever the hell u are and spend your money there If lagos didnt plan for future population growth u will complain now that they are doing it. . u are still complaining or dont u know the UN has designated lagos as a mega-city? and the city is running out of space?. . . |
| Re: Eko Atlantic City. . Construction Update July 2010 by PapaBrowne(m): 1:59am On Jul 12, 2010 |
These folks are really bent on making this project work. I hope it is completed on time. I also hope there is enough liquidity in circulation at the time the infrastructure is completed so that in the snap of a a moment we would see A gorgeous skyline rise from beneath the Atlantic ocean. |
| Re: Eko Atlantic City. . Construction Update July 2010 by ezeagu(m): 2:47am On Jul 12, 2010 |
paddy_lo: How does the state support it? paddy_lo: Maybe it is okay in Nigeria, but when a huge project is being introduced into a country, people should have their say. Whether it is private or not, a waste is a waste, plus it is dealing with the environment! People own private businesses in cities all over the world, but if a neighbourhood votes against it, it has to move. paddy_lo: You're going to open up new districts when you can't even handle the ones you already have? Why not tell the 'privately funded project' (that is dealing with everyone's environment) to direct the project to something that would make the city liveable, you know, something like housing projects in place of buildings that are so derelict they are crumbling on top of people. paddy_lo: How is this decentralising the government? I thought it was private? paddy_lo: Yes, because every other state in Nigeria receives the same amount of money as Lagos. Because they could afford to build their own island. paddy_lo: Great words. This is exactly Nigeria. Accept it or shut up, right? No one is allowed comments. paddy_lo: Perhaps you didn't read what I wrote so I'll give you the chance to go and read again. How is building on the water preparing for population growth? What spectacular development is happening inland that warrants building on the ocean? This is just for showing off. If they fixed the inside of Lagos (the important part of any city) instead of dodging from it (like they did when they built Abuja) no one could complain even if they wanted to. paddy_lo: Lagos is a mega slum, and building on the ocean to appear like a first world nation doesn't change that status. |
| Re: Eko Atlantic City. . Construction Update July 2010 by GAR3TH(m): 3:09am On Jul 12, 2010 |
@ezeagu its not for showing off Lagos will be the third largest city on earth come 2015 (after tokyo and mumbai). . .this expansion is nothing new. . .Parts of toronto's downtown area is built on reclaimed land from the sea. . .MANY parts of New York City is built on reclaimed land from the sea. . .the reason lagos is building on the water is the same reason new york, toronto and many other city reclaim land. . .because the is not enough space in land. . . Unless you want to start demolishing houses and make more people homeless this is the best strategy. . .this project is about twice the size of victoria island. . . if you can find any available land in lagos that is twice the size of victoria island please tell me. |
| Re: Eko Atlantic City. . Construction Update July 2010 by paddylo1(m): 3:11am On Jul 12, 2010 |
How does the state support it? The state supports it how every other state in the USA supports Private investors by giving them tax breaks and making the environment conducive. . Go and read how alabama attracts car makers like NISSAN or how Michigan attracts new high tech industries its the same thing Maybe it is okay in Nigeria, but when a huge project is being introduced into a country, people should have their say. Whether it is private or not, a waste is a waste, plus it is dealing with the environment! People own private businesses in cities all over the world, but if a neighbourhood votes against it, it has to move. so whats your point. . .nobody has voted against this project and who are u to call it a waste?. . are u financing it? are u their bankers? my friend u are of no consequence to this project,u are only frothing at the mouth online You're going to open up new districts when you can't even handle the ones you already have? Why not tell the 'privately funded project' (that is dealing with everyone's environment) to direct the project to something that would make the city liveable, you know, something like housing projects in place of buildings that are so derelict they are crumbling on top of people. Why not let Private enterprise and private capital choose where it wants to deploy itself. . GOVT cannot tell private businessmen where to invest their money Let the Govt build low income housing if it chooses. . its not the place of the private sector to do so How is this decentralising the government? I thought it was private? It is decentralized Government because each 36states in Nigeria is free to pursue whatever developmental scheme they want. . . u were moaning about the interior of Nigeria,well they have the right to do it now,with some help from the federal GOVT, but u should channel your complaints to the right ppl Yes, because every other state in Nigeria receives the same amount of money as Lagos. Because they could afford to build their own island. are u this slow or something?. .I have already told u the Lagos state Govt contibutes zero,nada to this project whatever money they recieve is irrellevant. . .although the richest states are the Niger Delta states As a matter of fact the percentage of federal money to the state budget is only 30% Great words. This is exactly Nigeria. Accept it or shut up, right? No one is allowed comments. u are not a stakeholder in this project. . .u are not a banker,financier,u dont have any property adjourning the V.I area (whose property values will only rise once this is completed by the way), u probably dont reside in lagos or pay any taxes there so again yea u need to hush up about this project Perhaps you didn't read what I wrote so I'll give you the chance to go and read again. How is building on the water preparing for population growth? What spectacular development is happening inland that warrants building on the ocean? This is just for showing off. If they fixed the inside of Lagos (the important part of any city) instead of dodging from it (like they did when they built Abuja) no one could complain even if they wanted to. who is they?. . .are u a Socialist or something?. . .If they fix this,if they fix that. . . . Pls take your complaints to the Federal Govt. . . If u cant get it into your head for the umpteenth time that in civilized countries,Capitalists invest where they want to,then i dont know what to tell u U can as well get funds and get a consortium of your friends and go and build in inland lagos what exactly is stopping u? Lagos is a mega slum, and building on the ocean to appear like a first world nation doesn't change that status. and u are one sad soul. . .who cannot appreciate anything good in life. . i pray u stay wherever it is u are and never come to Nigeria or Lagos lets see who will have the last laugh,when u see your mates living good in the country of their birth u can call lagos whatever u want. . I have visited most cities of the world and i am still moving back to lagos. . . |
| Re: Eko Atlantic City. . Construction Update July 2010 by Kobojunkie: 3:12am On Jul 12, 2010 |
GAR3TH: Read this . . there is really no reason not to READ already posted responses ezeagu: |
| Re: Eko Atlantic City. . Construction Update July 2010 by paddylo1(m): 3:17am On Jul 12, 2010 |
Read this . . there is really no need to NOT READ already posted responses well dude is mistaken. . .u and him can use your private money for urban renewal. .there is nothing stopping u is there? U have all been told no public money is going into this. . . Except u want the GOVT to tell u and me how to conduct our real estate Investments I dont see how that quote is relevant to what we are discussing here |
| Re: Eko Atlantic City. . Construction Update July 2010 by Kobojunkie: 3:21am On Jul 12, 2010 |
paddy_lo: Don't waste your time on me . . . focus instead on those who care!  |
| Re: Eko Atlantic City. . Construction Update July 2010 by GAR3TH(m): 3:27am On Jul 12, 2010 |
@Kobojunkie Que? ezeagu: 1st - private project not government. . .not private investors responsiblitiy to "face problems" 2nd - like I said in the last post what space does lagos have. . .we to ran out of space too. . .unless you want to start demolishing. . .thats why they are "extending their shores" or i'm I missing something?  |
| Re: Eko Atlantic City. . Construction Update July 2010 by Kobojunkie: 3:32am On Jul 12, 2010 |
GAR3TH:Actually, the guy also provided you responses to counter this line of argument. The beach area where this construction is taking place belongs to Lagos State and the people. So, they ought to have a say. The private investors, even though they are filling in the area, DO NOT automatically get the land for free! GAR3TH:Actually, yes you are! The State itself has not stated anywhere that it is RUNNING OUT OF LAND, so Land is NOT a problem at this time. Population explosion does not necessary imply land scarcity. These are two different issues, and should be treated so. Matter of fact the housing issue, which is not unique to Lagos, has little to do with lack of Land resouces. And this applies in the whole of Nigeria. The project is NOT taking place on the sea because of any concern for lack of land. That is not the case YET in Nigeria, even Lagos.! |
| Re: Eko Atlantic City. . Construction Update July 2010 by paddylo1(m): 3:33am On Jul 12, 2010 |
Japan extended their shores because they already had a 'mega city', the biggest city in the world (where the over whelming majority of its population are well looked after) [size=14pt]so they ran out of space[/size]. Nigeria is drastically extending their shores because? rotten. . . . . . Maybe i can make it easier for the brain dead folks on here. . . . "Japan extended their shores because they already had a 'mega city'" - - -Lagos is already a designated UN mega city,and still growing at more than 6% compounded a yr. . . .and what Japan did or didnt do has no bearing on what private equity investors in Nigeria are doing. . . "the biggest city in the world" - - -Lagos is the biggest city in sub-saharan Africa,and will be the 3rd largest in the world in 10yrs where the over whelming majority of its population are well looked after - - - Well this project has no funding from either the state or federal Govt Its not the business of Private equity investors to look after poor people. . .If u think it is so. . Pls when next u decide to buy a house for your private use(In essence investing in real estate),make sure u have looked after all the poor people in your city before u proceed "so they ran out of space"- - - Lagos has run out of space for over 10yrs now, and is bursting at the seams "Nigeria is drastically extending their shores because?" - - - - well a little geography lesson for u. . .Lagos is in Nigeria,but lagos is not Nigeria This project is in Lagos,but this project is not being financed by Lagos so wrong analogy,sorry |
| Re: Eko Atlantic City. . Construction Update July 2010 by paddylo1(m): 3:39am On Jul 12, 2010 |
Don't waste your time on me . . . focus instead on those who care! u claim u dont care but u jump into any Eko Atlantic city project thread i post on here. . . dont post in my thread then. . . . .miss am taking my self too serious Frothing at the mouth online.always making irrational/illogical arguments. . .  |
| Re: Eko Atlantic City. . Construction Update July 2010 by trueword: 3:51am On Jul 12, 2010 |
the footage in the video seems like it is the april update without the voice over. I'm hoping that they have made some more progress now. With the way that they are filling the land, I think phase 1 of construction will not just be the financial district. Seems as if it will also include downtown, harbour lights and parts of ocean front district. |
| Re: Eko Atlantic City. . Construction Update July 2010 by ezeagu(m): 4:03am On Jul 12, 2010 |
paddy_lo: So if they support them this way, what stops the government from advising the companies on where to put that money in better use. I don't believe that random companies out of the blue came to ask to build an extension on the shores of Lagos. paddy_lo: I'm not financing the project, but I can see that the project is 'somehow' considering the situation of most Lagos inhabitants. I'm not frothing, they are comments that have truth to them. You don't know what consequence anyone here has on anything, don't underestimate people. paddy_lo: If the government was serious it would 'direct' the companies towards a reasonable project. It had to have been the government that asked them to come and build the extension, unless it is one big coincidence that the project came about around the 'mega city' project. paddy_lo: I channelled my complaints as a passing remark, complaints in Nigeria are generally ignored. I thought you said the project decentralises the government? paddy_lo: Hush and let you keep posting your own comments? Anyway, the other states don't have the infrastructure Lagos has been privileged with, like the international airport and several businesses based there and of course population, so Lagos has an advantage when companies come looking towards Nigeria. paddy_lo: I saw a previous poster mention New York and Tokyo. These cities are probably in the civilised countries your talking about. If the people of these cities lived like those of Lagos and a whole extension was being built on their coast, someone will have more than just enough to say. You can be technical and talk about private and so on, but it doesn't stop the distastefulness of building something that costly next to people who have nearly nothing. paddy_lo: Good for you. |
| Re: Eko Atlantic City. . Construction Update July 2010 by paddylo1(m): 4:41am On Jul 12, 2010 |
[b]@Ezeagu I see we are on 2 totally different wavelengths U are a Socialist and I am a Capitalist we unfortunately cannot meet. . . . . U keep gingerely saying GOVT should advise private companies,direct the private companies,on what to do with their own Private funds/capital capital that they raised at double digit interest rates and have to pay back The problem with socialists like u is that u do not understand the harm your policies cause worldwide Around the world the policies that have brought citizens of once poor countries like (India,Indonesia,China and brazil )out of poverty are [size=14pt]capitalist[/size] ones [size=14pt]Free markets,Property rights,Less Govt intrusion,Business Freedom,Investment freedom and Financial freedom[/size] to name a few It means the GOVT should not impede the flow of capital into countries that need them Your socialist policies is what keeps Nigerias Power Sector in comatose. . choked by GOVT Interferance Keeping millions of Nigerians trapped in Poverty while the likes of u and kobojunkie,lecture us on how much u love the poor and how u so feel for their plight U claim the project is "somehow",without it ever occurring to u that building a $3.5billion project in Lagos is putting money into the local economy Money used to hire trucks,workers,money spent by workers on lunch in restaurants,cement demanded from local manufacturers, basically all the multiplier effect that an Infrastructure project of this size usually has which is estimated by most economists at a 1.5 multiplie which means the economic activity generated is equal to $5.25billion dollars in just this first phase alone. . . . Again i hope one day u can move to cuba or North Korea or any other surviving socialist country perhaps Greece,and live in your utopia As for the rest of us(and most of Africa i might add). . we are in a hurry to move on cause we have wasted too much time in the past messing with ill advised socialist policies like the one u advocate Have a nice day. . . . [/b] |
| Re: Eko Atlantic City. . Construction Update July 2010 by Kobojunkie: 4:45am On Jul 12, 2010 |
paddy_lo:[size=14pt] ROFLMAO!!![/size] What a lame copout for each and everytime you encounter opposing views you are inadequately able to counter!!! What has this to do with SOCIALISM or CAPITALISM? If the assumption here is that capitalists do not favour goverment in any way handling the show, then I suggest you update yourself on world of the recent years. Capitalists around the world NOW, more than ever, understand that Government plays a vital role in society, today and in the future. So, please loose the "You are socialist and I am capitalist" BULL please . . . ROFLMAO!!! |
| Re: Eko Atlantic City. . Construction Update July 2010 by paddylo1(m): 4:55am On Jul 12, 2010 |
ROFLMAO!!! No u are the one unable to listen to sound reason and bringing socialist ideas to this debate Listen to yourself. . .u say GOVT should play a vital role. . . Well in this Project,the Lagos state GOVT has played its role. . . Now u may not like it. . but it has,end of story. . .and anything else u add to this argument is just a left wing socialist agenda Besides why should i continue,talking to someone who doesnt understand how capitalism or property rights work? u guys argue like primary school kids without basic understanding and u expect me to spend all my time here enlightening u. . . no thanks. . . |
| Re: Eko Atlantic City. . Construction Update July 2010 by Kobojunkie: 5:02am On Jul 12, 2010 |
paddy_lo: What socialist agenda? What in the world are you still rambling on about? who exactly is bringing in socialist agenda? what socialist agenda? Stop rambling and trying to produce silly copouts. . . answer the questions asked and shut up if you do not KNOW. . . . it is OK not to have all the answers, in your case, answers that actually connect in the real world outside your economic classes and books. I am not sure if you know this, but it is one thing to have the theories memorized and able to repeat them when called upon to do so. When it comes to applying them in the real world, we need to ensure we do not allow these theories blind us to the extent that we neglect common sense. The recession is a wake up to economists all around the world , and I believe you need to learn from the mistakes that were made by the experts in the field so you do not continue to make them thinking you somehow have one over everyone else. And this applies whether you claim to be a Socialist, a Capitalist, Marxist, Communist . . . etc |
| Re: Eko Atlantic City. . Construction Update July 2010 by ezeagu(m): 5:08am On Jul 12, 2010 |
Yeah, I have no idea what this has to do with my original post. Okay. paddy_lo: Define socialism and pick out the things that are socialist in my post. paddy_lo: Yes, tell me what project I said they should have invested in, if I said any, and tell me what that has to do with socialism. It is socialism when someone says it is lazy to build a whole new city because you failed to maintain the last one you had? paddy_lo: China and Brazil didn't up and start building cities on their shores 20 years ago or so when their kids were dying from easily preventable disease, or when at least half of their major cities population were unable to receive proper medical healthcare. Your poor example of capitalism only shows lack of planning and problem dodging. Shanghai was built up, not built around, check it sometime. Next time don't compare Nigeria with China and Brazil, you hear, compare it with the United States and Germany. paddy_lo: So if the government 'made' the companies build plenty factories and housing instead of a new city, is that socialism? Is that impeding the flow of capital? paddy_lo: I just wish socialism and Nigeria was true, at least the country would be heading in an actual direction, instead of building cities on water when most of their biggest city is a slum, a major one at that. paddy_lo: You're living comfortable so you can let your fingers go kpa! kpa! kpa! on the keyboard knowing that you are. . . . .comfortable. Unfortunately not everyone is comfortable in Nigeria, and not everyone is ready to ignore those that are uncomfortable and ignore the heaping trash that Nigeria has become, of course with useless flowers sputtered around it. Maybe you can impress foreigners with this, just make sure they don't see most of 'actual' Nigeria. paddy_lo: Tell me, if they had built Eko Atlantic, but positioned it way far inland, would there be no money being put into the local economy? If the city was refurbished and people given housing, will they not pay for the housing and will the city not flow freer, would the city not attract way more positive press than this obvious distraction and therefore more business? Or do workers only work on floating cities? paddy_lo: And what refurbishment that Lagos paddy_lo: You see the sad thing is that the three countries you mentioned are not as failed as Nigeria, you can check it on the failed state index. Ask someone abroad whether they'd rather live in Athens or Lagos, Nigeria. Ask them if they'd like to go to Havana or Lagos, Nigeria. You know the answer. paddy_lo: You are in a rush to where, the top of the failed state index? |
| Re: Eko Atlantic City. . Construction Update July 2010 by paddylo1(m): 5:09am On Jul 12, 2010 |
If the government was serious it would 'direct' the companies towards a reasonable project The Central Bank Governor Lamido Sausi,has cajoled,begged,implored,directed,asked, (throw in whatever other verb u can find),Nigerian banks since last August 2009 to increase lending to small and medium scale enterprises in Nigeria Up till today credit extended to the Private sector in Nigeria is declining at a annualized rate of negative -4.5% so far for 2010 Therein lies your foley that GOVT in its inherent wisdom can advise/direct private companies on how to treat their scarce capital It is insanity of the highest order to think it is a policy that has any chance of working, but the socialists we have in the house actually believe their own false/voodoo economics/policies Its all good as long as they are spending other peoples money. . . .sigh |
| Re: Eko Atlantic City. . Construction Update July 2010 by ezeagu(m): 5:26am On Jul 12, 2010 |
paddy_lo: I didn't realise that the Atlantic water in Lagos was privately owned. I didn't realise that the government had to support the company in different ways to see the project through whether they liked it or not. So this must mean that the Lagos State government had no request at all for this project. Hmm. The government doesn't own its own shores or even its own new city. What happened to encouraging economic activity? I think attracting businesses is bad because the government would be telling them how to invest into their own city which is socialism! Just give them land and let them do whateeeeveeer they want with it. |
| Re: Eko Atlantic City. . Construction Update July 2010 by paddylo1(m): 5:42am On Jul 12, 2010 |
So if the government 'made' the companies build plenty factories and housing instead of a new city, is that socialism? Is that impeding the flow of capital? Yes that is socialism. . .i see u have no clue about what u talk about. . . U are like most Nigerians on Nairaland. . Totally clueless about how the world works but u have convinced yourself u know,when u dont know anything at least even donald rumsfeld,knew to say he didnt know. .with his unknown unknowns memo. You're living comfortable so you can let your fingers go kpa! kpa! kpa! on the keyboard knowing that you are. . . . .comfortable. Unfortunately not everyone is comfortable in Nigeria, and not everyone is ready to ignore those that are uncomfortable and ignore the heaping trash that Nigeria has become, of course with useless flowers sputtered around it. Maybe you can impress foreigners with this, just make sure they don't see most of 'actual' Nigeria. I dont need to impress anybody. . . Foreigners and expatriates have been visiting my homeland and millions continue to reside there now U think i am impressed by the USA?where the whole country looks like a strip mall?. . .lol. . .i see we are on 2 different wave lengths like i told u. . . . Tell me, if they had built Eko Atlantic, but positioned it way far inland, would there be no money being put into the local economy? If the city was refurbished and people given housing, will they not pay for the housing and will the city not flow freer, would the city not attract way more positive press than this obvious distraction and therefore more business? Or do workers only work on floating cities? It is not your place to tell private citizens what to do. . .If u want to live like that move to North Korea. . . so pls stop telling me about if they had done this or that, If u cant see what makes u a socialist with this line of argument then u are truely blind And what refurbishment that Lagos should must go under will not generate activity in the economy? I have N100million in my bank account in lagos. . I can buy a big land in badagry and build 10 houses for the low income Or I can buy 2 big mansions in Lekki and rent to the high income The choice is mine to make. . .and mine alone,and if i choose Lekki well too bad for u but The minute the likes of u begin to arrogate to yourself the power to tell me what to do with my money,is when u begin to be a socialist Hope my analogies are sinking into your dense skull You see the sad thing is that the three countries you mentioned are not as failed as Nigeria, you can check it on the failed state index. Ask someone abroad whether they'd rather live in Athens or Lagos, Nigeria. Ask them if they'd like to go to Havana or Lagos, Nigeria. You know the answer. Failed state index ko, lol. . while u are at it check the baltic dry index as well. . . . . U can move to Havana or Athens. . if u like. . . U seem to have this inferiority complex about yourself. . . Telling me to ask oyibo abroad. . like i care what an oyibo man thinks. . . . If this project is so painful to u,why are u enduring so much pain by being on this thread. . .why are u even on Nairaland u should be on Greekland,and cubaland. . . .mugu |
| Re: Eko Atlantic City. . Construction Update July 2010 by oderemo(m): 6:09am On Jul 12, 2010 |
@paddy-lo, do you think there is a way the capitalist can move near the Communist, or vise versa to have a middle ground? |
| Re: Eko Atlantic City. . Construction Update July 2010 by paddylo1(m): 6:42am On Jul 12, 2010 |
@paddy-lo, [b]There is nothing actually wrong with a Govt that Focuses its spending on social programmes Things like low income housing,Free education,Free Healthcare for the poor,very young and elderly,school lunches for kids and so on The problem begins when Govt Thinks it can intrude itself into private business. . or believes it can run private business Thats why your NEPA,NITEL,NIGERIA AIRWAYS,NIGERIA RAILWAYS,REFINERIES,AJAOKUTA,NAFCON,ALSCON. .and so on are all failed projects. . and trust me they fail elsewhere in the world they are run by GOVTS(thats why the soviet union collapsed on the weight of its inefficient GOVT run enterprises) Meanwhile your GSM companies(MTN,GLO),Private OIL companies(OANDO),ARIK AIR,DANGOTE SUGAR REFINERY/CEMENT,Nigerian Breweries and so on are well run thriving companies Govt does not tell them how to run their businesses or which route to fly so in essence liberalize your economy,stop spending billions on power to get darkness, stop subsidizing petrol to the tune of N500billion a yr. .meanwhile your policies mean no new refineries can be built(at least for domestic consumption) because no one will bring money in to invest at controlled prices and instead channel those money to social spending However dont intrude on private business,and capital will flow into your economy and create 10times more jobs than GOVT can ever hope to create because capital available to GOVT is limited whearas Capital inflow by private companies is in theory unlimited. . it comes from all over the world Hope i answered your question[/b] |
| Re: Eko Atlantic City. . Construction Update July 2010 by oderemo(m): 7:00am On Jul 12, 2010 |
i am for the middle ground, firstly i believe if your private enterprise is allowed to run freely without any shade of govt control, the down trod en in our system will continue to suffer more. secondly our economy has already been hijacked by those in power and you have unholy marriage btw private and public , hence only in Nigeria can company like your mtn,glo make Poo load of money , after almost 10 yrs, there is no improvement to the comm. systems. infact it so expensive to make calls in Nigeria/per minute. how long does it take for us to have the much talk about broadband? in 2020? once we have a failed govt. the ppl will have little or no confidence in any of these MEGA PROJECTS. either Private or public. its all about TRUST. |
| Re: Eko Atlantic City. . Construction Update July 2010 by paddylo1(m): 7:22am On Jul 12, 2010 |
i am for the middle ground, [b]U are not making sense. . When the GOVT controlled Telecomms,u hadppl that have to queue up to make calls at NITEL offices U had an installed capacity of only 500,000 lines for over 100Million People The telecomms Numbers in Nigeria was actually dragging down the average for Africa Fast Forward to 10yrs and the reverse is the case,Nigeria leads Africa in Telecomms growth and Teledensity has jumped from under 5% to over 50%. . . . and millions of jobs have been created The same exact thing is happening in the power sector. . . You have an inept GOVT parastatal NEPA that has an installed capacity of 5000MW or thearabouts when demand is close to 30,000MW. . . There is the opportunity to make money,but they are too inneficient to take it Bringing the Private sector in will solve the problem over time Now as for the poor u keep harping about,how come every okada man has a cell phone? before it was for the big man . , i thought they are poor? MTN and GLO are not the only companies making money Go read about Carlos slim and his mobile company in mexico,ATT in USA,China Mobile in China and so on all those companies make profits for their shareholders and sometimes have to re-invest in the business(cap-ex) and if u say there is no improvement in Nigerias Telecomms industry btw 2001 and now u are a liar Broadband will come when the Infrastructure is built out,or u think they provide it for free? U dont have to have confidence in this project. . No one is forcing u to In 5yrs when the plots are flying like hotcake u will know U complain so much u let the opportunities right in front of pass u by Meanwhile chinese,Indians,and wise Nigerians are Investing right there in Naija even some Indians deported 2wice(Vaswani Bros) are fighting to come back I thought there was no opportunity in Naija or is it TRUST u call it. . . As long as you are not critically old,disabled or severly disadvantaged,u have no business worrying about GOVT What u should be asking yourself is, in a planet of 6billion ppl,what is my skill? what value can i add?. . .How can i do things different? If u spend all your day complaining u will be lost [/b] |
| Re: Eko Atlantic City. . Construction Update July 2010 by oderemo(m): 7:53am On Jul 12, 2010 |
^^, to think you are the only one making sense with your capitalist idea say much about you. don't shove it down our throat. in a failed system like Nigeria where your vaswami bros. can be allowed back with all the allegations levelled at them shows we are govt. by morons. to reiterate how good and mighty your capitalist idea is working, the big Yankee was on her knees, Britain same, Spain , Portugal even the euro is being prop up at the moment. when ezeagu was referring to govt. responsibilities vas a Vi's pubic enterprise contributions to society , you were eager to Parry it away as a social idea. why do you think jobs are being created by any dimwit, cos crumbs are paid. workers right means nothing. is that a country you want for us? yea right. travel thru the length and breath of Nigeria and see your private enterprise abuse/treat its workers. of course its private money,energy,ideas and what not but all must come with social responsibilities. that's all we are saying. |
| Re: Eko Atlantic City. . Construction Update July 2010 by paddylo1(m): 8:09am On Jul 12, 2010 |
^^, to think you are the only one making sense with your capitalist idea say much about you. I thought u were all about human rights just now but are quick to condemn the Vaswanis based on an allegation or dont u know the meaning of the word allege? If u can find a better economic system than the one being Practised by USA,China,Russia,India,Indonesia,Brazil,South Korea,Japan and so on then by all means am all ears. .until then be prepared to move to cuba or North Korea see how u will like it there Ezeagu was not making much sense am afraid. . If u believe u are no dim wit then why not create Jobs and make a difference U talk about workers right,how will making it more expensive to hire/fire a worker for say MTN give u cheaper phone services? If u cant explain the apparent illogical argument above then stop making them Social responsibility cannot be legislated. .It can only come about through competition and corporate culture |
| Re: Eko Atlantic City. . Construction Update July 2010 by oderemo(m): 8:26am On Jul 12, 2010 |
@paddy-lo, you are on a one way track,like a broken c.d, don't have a reverse gear. others are Ezeagu was not making much sense am afraid. . or apparent illogical argument above then stop making them. i rest my case. |
| Re: Eko Atlantic City. . Construction Update July 2010 by AjanleKoko: 9:42am On Jul 12, 2010 |
^^ paddy_lo knows his onions, I think. Do you guys live in Lagos or Nigeria at all? |
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