Luanda would be a different city in 5 years time. Come to think of it, what is fueling this growth, d excess crude money coming into that country's account. The big question is why are there no cranes all over d place in Lagos or Abuja, abi na road dem dey use am build. I don't think so, d snail speed progress that is evidence on road construction is still evident all over d place.   I remember vividly d Lokoja - Abuja road when I  chose to travel by road to Abuja for a friends wedding in 2007, today 13/02/2011 this road has not been completed.

Can Messers Jonathan tell us what he has done with our excess crude fund at this time of a boom, can anyone beleive we are actually in a boom yet d whole economy is so depressed & doomy.
May God help us.

Poster, b4 all your post use to be anti Igbo but recently you posts potrays the decline and non-workable situation we all face in Nigeria.
Is somebody using your handle or are you born again now?.

The Nigerian masses are what we call jewmen in Nigerian pidgin.They use ethnic and religious sentiments in all they do.The ones on Nairaland keep abusing IBB about the golf war windfall because oil peaked at 40 dollar per barrel during the golf war.

Oil has remained above 50 dollars for the past 12 years and is even above 100 at the moment, yet these people are still blaming IBB's 40 dollar peak as the cause of our hardship.

Why is it everytime Nigerians see success in another african country the get insecure and decide such success doesn't exist in their country as well with no facts to back their dramatic embarrassing claims


construction in Nigeria for 2011 is predicted to be the fastest growing and most intense in the world. wtf is Luanda
















smh, i feel that the least informed people in the world about Nigeria are Nigerians.

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Please stop posting those shylocks in Banana Island. The building boom experinced by Luanda are public buildings, public roads upgrades and sateellite Town development, not high rise in Ikoyi where rents of $80, 000.00 a year would not be out of place. How is Banana island worthwile to d average Nigeria.

In Luanda they are building d largest mall in Africa, do u know how many people would be employed in that facility.

and all these are no older then 3 years







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Knowall i dont know what part of Nigeria you're from but in the heart of Igboland any man that expects another man to build a home for him is a loser and an outcast and is unfit for marriage let alone the right to talk about luanda.

How many poor Americans live in Manhattan?

[size=14pt]Nigeria: Construction 'To Become World's Fastest Growing'


[/size]
Lagos — Construction growth in Nigeria will be the fastest of all markets, according to the latest 10-year forecast from Global Construction Perspectives and Oxford Economics.

The new study says China will overtake the US as the world's biggest construction market by 2018, but that the fastest growth will happen in Nigeria.

The survey said infrastructure is the hottest sector to be in and that "it is set to grow in emerging markets by a staggering 128 per cent from now to 2020, compared with just 18 percent over the same period in developed countries".

The report, which named Nigeria "global hotspot from here to 2020" says the nation's construction growth is even faster than India's, reflecting increased wealth and urbanisation resulting from the country's oil production.

"Its population of approximately 154 million is urbanising at one of the fastest rates in the world, but construction is now only 3.2 percent of GDP," it said.

It stated that from 2009 to 2020, only Nigeria and India will enjoy higher growth rates than China in their construction output, but that despite India's continued construction boom, China's market will still be between three and four times bigger by 2020.

It says in just ten years, China's already massive construction market will be worth almost US$2.4 trillion, nearly 20 per cent of global construction output.

The ten year forecast indicates that emerging markets will rapidly overtake the construction output of their developed neighbours.

"The top ten highest growth markets in 2020 will be entirely composed of emerging markets, with Poland the only European country to feature on the list," it said.

Speaking at the launch of the report "Global Construction 2020" in London, Mike Betts of Global Construction Perspectives said that China's construction industry looks unstoppable.

"The construction market in China is already enormous at almost double the size of its nearest rival Japan. The United States has for some time held the top spot but despite its strong predicted growth over the next decade, China will become the world's largest construction market by 2018," he said.

Adrian Cooper of leading business forecasters Oxford Economics said: "We have identified the key drivers and used data including population projections, long term GDP estimates and public sector budgets to feed into our modelling to help us understand how the global construction industry is changing at a rapid rate.

"All of the data points to both short and long term growth in emerging markets. We predict that in just ten years time construction in these markets will more than double in size, growing by an estimated 110% and representing 17.2 percent of GDP in 2020."

allAfrica.com

The report highlights that today's global construction market is worth an estimated $7.5 trillion, representing 13.4 percent of global GDP. But by 2020, construction will be a $12.7 trillion global market, an overall growth of 70 per cent in the next decade. Construction in 2020 will account for 14.6 per cent of global GDP.

The largest construction market globally is residential accounting for 40 per cent of the total global construction market by 2020 when it will be worth $5.1 trillion, said the report.

The forecast is already coming true for Nigeria with the federal and state governments policy of developing the nation's infrastructure through Public Private Partnership (PPP) initiatives that have resulted in the concessioning of airports, roads, bridges and public buildings.

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kudos to you ikengawo. way to shut that bruh up

It's cute Luanda is building the biggest mall in africa, but Nigeria is building the largest human works project in the history of Africa since the Pyramids with Abuja already being africa first planned city










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We are the 8th Largest oil producer in the world , the first in Africa, we cannot compare the money we make from oil with small Angola who seems to put their money where their mouth is. Most of the pictures u posted are privately driven projects except of some few( [b]mind u Eko Atlantic City is still on the drawing board[/b]) the Yardua/Jonathan regime has not completed one Federal Road since they came to office. And the one they completed the Minister of Transport and Gbenga Daniel where fighting each other as to who would cut the tape. The Said bridge meanwhile has not be completed.

Meanwhile Lagos State Government and even Saraki in Kwara State completed a fly-over without all that hullabaloo. This Government is a failed Government. Jonathan is already a wealthy man, you only have to be Governor for one week in that God for saken State of Byalesa to be a millionaire in dollars. So if it is money Jonathan has it, we don't need seat warmers in ASO ROCK we need doers.

http://www.flickr.com/photos/84269782@N00/5110057669/

http://www.flickr.com/photos/84269782@N00/5110065005/

[size=18pt]Watch this please: social housing project 200 000 PEOPLE, the biggest in ENTIRE AFRICA[/size]



https://www.youtube.com/watch?v=LqUQVCxoZ-s&feature=player_embedded

NEW MOTORWAYS PLANNED FOR LUANDE STILL ON THE DRAWING BOARD


https://www.youtube.com/watch?v=iqABzqbh6nw&feature=related

LUANDA'S EKO ATLANTIC CITY LUANDO-FUTURO


https://www.youtube.com/watch?v=7TVJWFj7Ync&feature=related

dude calm down, you already lost the argument.

what angola is doing is great! nobody will deny that, but to say Nigeria isn't doing the same is insulting to everyone in Nigeria striving to make life better for their kinsmen.


I personally don't want to see Nigeria build a 200,000 person public house project because in America, such projects bred ghettos, crime and warzones.


You can put that man poor people in one concentrated area to live for free. Crime will skyrocket, business will abandon the area. America did it with it's "Projects" in the 50-60s and the results were ugly



plus i want to know which Nigeria culture deems it honorable to have another man build a house for you in the name of being like Luanda.
If the government built my house i would be a loser in Nigeria.



but congrats to Angola, Nigeria and all upwardly mobile african societies,

Knowall you already lost, now your just arguing for the sake of arguing

[size=20pt]Angolan Economy Records 92 Percent Growth in Four Years[/size]

Quote:
3/30/09 7:18 PM

Luanda – Angolan minister of Economy, Manuel Nunes Júnior, said Monday in Luanda that the country’s economy recorded an average growth rate of 9.6 percent between 1989 and 2007 and a 92.4 percent real growth from 2004 to 2007.

Manuel Júnior, who was speaking at the opening of the Angola-Netherlands Economic-Business Forum, stressed that the Angola economy is among the world’s most growing, following the consolidation of the political stability.

According to the minister, the results show that in four years alone, the Gross Domestic Product (GDP) has almost doubled which, he added, is remarkable, as it corresponds to an average annual real growth rate of approximately 17.8 percent.

He stated that Angola has been guaranteeing the national reconstruction and setting steady steps towards the macro-economic stability and development of the basis for a strong economic development.

The minister asserted that the political stability and investments in the rehabilitation and modernisation of the productive infrastructures have been leading to a major flow of goods and people, increase of local and foreign private investment and alteration to the basic structures of the economy.

Mentioning the result of the diversification of the Angolan economy, Manuel Júnior told the Dutch business people that since 2006, the non-oil GDP has been growing at a higher pace than the oil one which, according to him, is a positive sign.

He also mentioned that the national currency (Kwanza) has been stable, playing more effectively its role as a trade and reserve value.

The minister noted that from the period of hyper-inflation of 1996 that reached an accumulated rate of 3,000 percent, the country is recording over the last few years an inflation of about 10 percent (12.2 percent in 2006, 11.79 in 2007 and 12.8 in 2008).

Manuel Junior assured that although affected by the world financial and economic crisis, the Angolan economy will continue to grow in 2009, within an environment of stability and with a rate above three percent (population’s growth rate).

To him, it is fundamental that Angola continues with its poverty and famine fight programme, through the main projects of rehabilitation of infrastructures and foment to the productive activity, coupled with institutional reforms.

AngolaPress

I personally don't want to see Nigeria build a 200,000 person public house project because in America, such projects bred ghettos, crime and warzones.

You rather 10 million Nigerians continue to live in abject poverty where water, electricity and other mod coms of this world would be non-exist-ant. Those projects no matter how u look at it would have underground sewage, not open sewage common in Ajegunle and other slums of lagos, it would have pipe borne water and electricity. What else does a man need in life apart from these basics.

i would rather crime not skyrocket and kill off those 10 million in 'abject poverty'.
Housng projects have failed world wide. Before continuing to argue for the sake of being 'right' instead of sharing and gaining information research housing projects in America and Europe

they're crime ridden, illness plagued and KEEP people in poverty.


and who told you any of the projects in Nigeria have open sewage? you're not even making sense anymore

America is already in the process of demolishing it's housing projects

here's a PDF called "Lessons Learned from the Failure of Housing Projects"

http://www.gnpgeo.com.my/download/publication/SL_03.pdf

Is this guy trying to compare Angola's 2million barrel oil exports for 20million people to Nigeria's 2.3million barrels for 150million people?

@ikengawo

Clearly u are one of those Americo-Naija who has never been home except for a couple of weeks when u were a kid. Don't tell me u don't know Ajegunle, in Lagos and Nyanyan in Abuja are some of the worst slums in Nigeria and the population of these places are hideous, bursting into its seams would be an understatement. The squalor and misery that stirs u in the face is unbelievable.

Yet u are going on about some elitist projects in Nigeria. The experiment called Nigeria has failed miserable except something urgent is done to arrest it immediately. Well I would not dispute it if they take a head count of Nigerians who are worth a million dollars and more,  we would come up on tops because of the in-bred gluttons put together in that damned place called Nigeria who only think of themselves and their families.

PDP encompasses  all that is bad and wrong with Nigeria and since we practice a semblance of what can be called a democracy it suffices us citizens of these damned land to turn our anger and grievances at the only authority we feel they have failed us by voting the whole lot of them out of power, these heartless men who run our country has pass their sell buy date, they have driven the country to the dogs,  A WIN FOR BB would the closest thing to a revolution.

@Ikengawo,

Knowall does have a point. For the sort of money we have been earning from oil & gas for 12yrs, Nigeria should have done more.

I dont accept your take on Social housing, it might have been a failure in the US, but has been more or less a success in the UK, and other European countries. it is essential, as not everyone even with the best will in the world are going to be able to build a decent house for themselves, and that's a real fact.

The issue with social housing is maintenance, if properly looked after, I believe it could work.

Is this guy trying to compare Angola's 2million barrel oil exports for 20million people to Nigeria's 2.3million barrels for 150million peopl

That is no excuse for us to be ingratiations to our country.(2 million barrel is no small money even if our population is 1 BILLION) The fact that we have 150 million people should make any sensible govt. to build an enabling environment so that private enterprise would grow and fester. We have comparative advantage over Angola because we have the population. Angola has not got the population but they have got the money.

What the government needs to do in Nigeria is either concessionalize all major roads, rail, electricity or build them,  every other thing would fall in place and we would have a economy the size of the US if all hands are on deck.

he Angolan Trade Company (CAC), a 100% Angolan capital, will invest approximately USD 20 million to build a modern commercial center in the area of Nova Vida, Luanda Sul

Funded by Banco Espírito Santo Angola (BESA), Atrium New Life, as should be called, aims to be the largest shopping center in Angola and will house 51 units in a commercial space of 9200 square meters divided by 35 shops, a supermarket, 10 restaurants, three megastores, a square multi uses and a bank.

According to the managing partners and Haile Mario Perez Cruz, the Atrium Building New Life, which will come into operation from November 2011, will have four floors and its core business is the provision of services, catering and consumer lifestyle.

In view of entrepreneurs, the choice of shopping center in the New Life in the fact that "this area is the fastest growing in terms of housing projects after independence, without which, to this end, there was a follow-up in terms of services.

"The New Life Project is the largest residential project ever built in Angola, so we want to lend our support in the service area, which has been the 'Achilles heel d'" this grand and impressive housing project, "said Mario Perez, then add that to the Atrium will create 600 direct jobs and indirect.

Meanwhile, Cruz said the Haile The country that entrepreneurs and marketers who want to rent a space in that shopping center will pay between $ 80 and $ 120 per square meter, since the Atrium will be managed with the quality of a strong and dynamic group , which promotes the integration of shopping, restaurants and services in one place.

"We think that businessmen who decide to join us in this magnificent project will not regret, because we have technological and modern architecture, not unlike the department stores of Europe and America, which will enchant and attract people, "he explained.

Our speaker also stressed that the Atrium New Life has the capacity to receive between 4,000 and 6,000 people per day, and the parking capacity is 100 vehicles. However, beside the center there is a parking company that can absorb more Imogestim 500 vehicles.

The fact that they are in the same area of Belas Shopping is not a concern for those responsible. Rather, they are confident that the New Life Atrium is able to beat the competition. Speech at the entrance of two more malls in the city center in 2011.

"The nine thousand two hundred square feet combine with the natural beauty of Angola with the comforts of the largest malls in the world including air-conditioned public areas, computer networks and integrated ventilation units low profile.

Other key sectors that will give us advantages over the competition are the indoor and outdoor terraces, green spaces, panoramic elevators and escalators. "Note that after Luanda, the CAC is considering the possibility of expanding to the city of Lobito. "The idea is to create an imprint of shopping centers, so we think that the next goal will be to Lobito, but nothing is finalized yet," concludes the management of CAC.

Manuel Nunes
June 11, 2010

[size=18pt]Angola: Luanda to have 325 meter-high 70-storey building TALLEST BUILDING IN AFRIC[/size]A

Luanda, Angola, 18 Jan – Construction of Angola’s tallest building, 325 meters high and with 70 storeys to be built in an area of 200 square meters, is estimated to cost US$800 million to build, the general director of the promoting company said in Luanda Thursday.

The project named Torre Angola, which was officially presented to the press Thursday in Luanda by promoting company Real Empreendimentos, will have a 1,400-room hotel on one side and on another a number of luxury apartments.

“Inside, amongst other various compartments, Torre Angola will have restaurants, conference centres, health care clinics, shopping malls, cinemas and travel agencies. It will be a city within a city,” said Evalina Sapilinha.

She said that it would also have a 40-meter high pavilion, which will have an observation area for visitors to view the city.

Spanish company Urbanizaciones Rhiconsa will be involved in the construction of the project.

According to the information presented by Real Empreendimentos, the five highest buildings in Africa are the Carlon Center, in South Africa, which is 223 meters high and has 50 floors, which is followed by Ponte Investment, 173 meters high with 54 floors, also in South Africa.

Next on the list is the Le Meridien Cairo Nile in Egypt, which is 160 meters high and 38 storeys, and the Egyptian Ministry of the Interior (143 meters and 45 storeys) and, in fifth place, the Reserve Bank Building in Pretoria, South Africa, which is 140 meters high and has 38 floors.

I guess I should learn Portuguese as well, so I can have business in Angola as well as Brazil. Brazil for personal reasons.   

I

nside, amongst other various compartments, Torre Angola will have restaurants, conference centres, health care clinics, shopping malls, cinemas and travel agencies. It will be a city within a city,” said Evalina Sapilinha.

Can you imagine the number of people who would be employed within this city within a city.

I guess I should learn Portuguese as well, so I can have business in Angola as well as Brazil. Brazil for personal reason

Angola would definately be Africa's play ground for the rich and famous if we continue to allow those clowns in Aso Rock to mortgage our future and the future of un-born Nigerians.