ShymmexOBE:


Lol, I was going to say the same thing. Must everything being sited in Lagos?

That's the smallest state in the country, yet it's ridiculously snarled-up with a population that's about 2-3 times what it should have, even if it were meant to be a cosmopolitan city.

The city ought to be decongested - something like this one should be taken to a different state. Ditto the refinery they're building there.

Mynd44:
Why in Lagos? Other states need this plants and industries more abeg.

Lagos is already too freaking populated. They could have opened it in Rivers or Alwa Ibom kf they are worried about closeness to the port and hence materials.

Even the excuse of market is not feasible as deliveries can be made. The concentration of industries in one state is causing more pressure on Lagos which is it smallest state according to landmass already.

sweetgala:

The FG needs to put a national plan in order to decentralise Lagos, however many things are playing a role in companies sitting their factories in Lagos and the most important is access to the port and the security, the only other two logical geographic areas to build a factory would be

- Ogun state(close enough to Lagos port, better real estate value, safe )

Bayelsa - I'm not sure what the topography is like, but there is access to the sea and a good amount of land, but the ND boys have compromised safety.. For any company BAD place

Ondo State - Access to the sea, real estate at reasonable value , but the ND situation affects safety.

So you see if you are the CEO of a major international organisation looking to invest vast resources in Nigeria you'd always take Lagos, Ogun state are the only ones taking Lagos business and that due of proximity.

For industry to spread effectively across Nigeria the national rail and toad network needs to be improved drastically, any company especially those trading in heavy finished products/ raw material , would need to be able to transport raw materials from port to factory safety, with ease and at cost, and distribute finished products , only rail can effectively enable that capacity inland.

Nigeria does need to realise it's geographic advantage, if you draw a square about Africa and put a pin in it's middle you'd be marking out Nigeria, we have a very good port and in effective range of over 15 African countries.

That is how CEO and logistics management reason when choosing a location for hubs and factories, ever wondered why many companies have a logistics hub in Holland ! its within 3-5 hours of many central EU countries.

The electrical power situation also needs urgent attention

sweetgala:

...

So you see if you are the CEO of a major international organisation looking to invest vast resources in Nigeria you'd always take Lagos, Ogun state are the only ones taking Lagos business and that due of proximity.

For industry to spread effectively across Nigeria the national rail and toad network needs to be improved drastically, any company especially those trading in heavy finished products/ raw material , would need to be able to transport raw materials from port to factory safety, with ease and at cost, and distribute finished products , only rail can effectively enable that capacity inland.
...

That is how CEO and logistics management reason when choosing a location for hubs and factories, ever wondered why many companies have a logistics hub in Holland ! its within 3-5 hours of many central EU countries.
...

Mynd44:
Why in Lagos? Other states need this plants and industries more abeg.

Lagos is already too freaking populated. They could have opened it in Rivers or Alwa Ibom kf they are worried about closeness to the port and hence materials.

Even the excuse of market is not feasible as deliveries can be made. The concentration of industries in one state is causing more pressure on Lagos which is it smallest state according to landmass already.

ShymmexOBE:
Perhaps, if you ever lived in saner climes- you would know that the government directs companies to different parts of the country once they feel a particular place is too congested. They can take it or leave it. You don't take up everything to the detriment of yourself.

That's why London is the way it's.

Mynd44:
Why in Lagos? Other states need this plants and industries more abeg.

Lagos is already too freaking populated. They could have opened it in Rivers or Alwa Ibom kf they are worried about closeness to the port and hence materials.

Even the excuse of market is not feasible as deliveries can be made. The concentration of industries in one state is causing more pressure on Lagos which is it smallest state according to landmass already.

Mynd44:
Why in Lagos? Other states need this plants and industries more abeg.

Lagos is already too freaking populated. They could have opened it in Rivers or Alwa Ibom kf they are worried about closeness to the port and hence materials.

Even the excuse of market is not feasible as deliveries can be made. The concentration of industries in one state is causing more pressure on Lagos which is it smallest state according to landmass already.

iterator24:
30 states in Nigeria should have at least 1 auto manufacturing plant with 20, 000 capacity per year.... since we're expecting 21 plants, they should be evenly distributed

iiiyyyk:


Its the nonsense we see in nigeria. Are all america industries in one state?

ROSSIKE:


The factory workers will not be the rich. The labourers who built the plant were not the rich. The drivers, canteen owners, maintenance men, security staff etc who will keep the plant functioning will not be the rich. All these people mentioned will number in the thousands for this one plant. Also, when the rich buy cars from within Nigeria rather than from outside, they help boost economic activity by circulating the money within the country as opposed to capital flight.

freezone4real:
Only for the Rich, wetin concern d poor or middle class

iiiyyyk:


Its the nonsense we see in nigeria. Are all america industries in one state?

A look at incentives that 5 states competing for huge Tesla Motors' battery factory can offer
Published August 31, 2014Associated Press

LOS ANGELES – Five states are on the short list for a $5 billion factory that Tesla Motors plans to build so it can crank out batteries for a new generation of electric cars.

The package of economic incentives that each state offers will help determine where Tesla builds the factory — Nevada, California, Texas, Arizona or New Mexico. Tesla CEO Elon Musk has said the winning state will shoulder about 10 percent of the total cost, meaning at least $500 million worth of incentives.

Tesla already has done initial preparatory work on a potential site near Reno, Nevada, and plans to prepare one other site in coming months. A final decision is expected by year's end.

While officials in each state are keeping confidential the specifics of their packages, here is a look at the types of incentives and advantages each state can offer.

NEVADA

— Few taxes: No personal income tax, franchise tax, estate tax, inheritance or gift tax, and no taxes on corporate shares. No corporate income tax, although voters will decide in November whether to implement one to finance education — a move U.S. Sen. Dean Heller, R-Nev., said could undermine efforts to attract Tesla

— Other tax credits or breaks: Up to a 50 percent abatement on personal property taxes for up to 10 years; a partial abatement on sales and use taxes on capital equipment purchases; and a deferral of sales and use taxes on capital equipment.

— Worker training subsidies: Up to $1,000 per employee for job training if the company provides a 25 percent match, makes a five-year business commitment and pays at least hourly minimum wages.

— Other advantages: Proximity to the assembly plant in Fremont, California, where Tesla makes its cars; significant deposit of lithium, which is essential to making the batteries.

CALIFORNIA

— Tax and hiring credits: Legislation passed this year offers a tax credit of 17.5 percent of wages for full-time employees for 15 years, totaling up to $31 million a year that could be split between a battery manufacturer and other industries including aerospace manufacturing. A hiring credit of 35 percent of wages is available if Tesla locates in a region that has high unemployment and poverty, for wages above certain benchmarks, until 2029.

— Sales tax exemption: New legislation waives the state's share of sales tax, 4.19 percent, on the first $200 million in equipment purchased.

— Waiver of environmental rules: Some lawmakers are advocating waivers on a host of California's complex environmental review laws that would allow for much quicker building permitting.

— Other advantages: Tesla already has its headquarters and car assembly plant in the San Francisco Bay area.

TEXAS

— Incentive funds: The Texas Enterprise Fund regularly gives companies incentives worth tens of millions of dollars to open facilities in the state, including $15.3 million to SpaceX, a commercial rocket company where Tesla CEO Elon Musk is also chief executive. The Texas Emerging Technology Fund, also run out of Gov. Rick Perry's office, has given $205 million to fund scores of technology startups.

— Other incentives: The state also offers tax refunds, exemption from state sales and use tax on electricity and natural gas in manufacturing.

— Other advantages: Cities and counties have made direct pitches to Tesla, highlighting for example how San Antonio owns its own utility and can provide solar and wind energy.

NEW MEXICO

— Various tax credits or breaks: For investments by manufacturers, and the creation of high-wage jobs and renewable energy.

— Worker-training subsidies: The state pays up to 75 percent of new worker salaries for up to six months.

— "Closing fund": Local governments can tap public money to finance infrastructure improvements, such as roads and utilities, around a factory. The Legislature provided $15 million for the current fiscal year.

— Other advantages: State officials also tout a diminishing corporate income tax rate, low property taxes, rail connections to California and competitive electricity rates.

ARIZONA

— Job training grant: The state may provide new employers up to 75 percent of the cost of employee training.

— Tax credits: A company can receive tax credits of up to $30 million for new manufacturing facilities, and a separate tax credit of $3,000 per new employee in each of the first three years. Tesla could qualify for a $5 million tax credit if it installs at least $300 million worth of renewable power capacity.

— Property tax breaks: A factory that is placed in one of seven foreign trade zones in the state gets a break of up to 80 percent.

— Sales taxes are waived for machinery or equipment used directly in manufacturing, and electricity or natural gas used for businesses engaged in manufacturing.

Tosinayoko:
our Lagos, where everything works. Eko o ni baje ooooo Omo oduduwa o ni ba eko je oooooooo o ba je tiiiiiiiiiiiiiiiiiiii

omonnakoda:
Lagos developed along time ago. long before oil

omololu2020:
Wia in lagos b d location.am sure d children of anger from d South East wont lov dis development

proudlyhandsome:
I ll say the truth either it kills the bigots or not. I ll stop advising them when Biafra Nation is finally pronounced as one of our neighboring countries. The Bigots from the East ll soon be here to cry and drool over my sincere advice; It's their trademarks.

Innoson messed up his business out of Tribalism ; Yes i said it, he bleeped up big time. Having taken my time to look into its progress over the years, the only surviving grace the company has is federal and state governments' patronage.

He sited his automobile business far away in the East where there is no business viability for automobile business. If all these well established automobile companies could site their business/factory in Lagos and Ogun state, I don't see any reason why Innoson should take that business to the East.

Innoson needs massive publicity and that could only be achieve in a cosmopolitan city like Lagos. Trust me, If not cos of Federal and state govts' patronage, Innoson won't be in existence anymore.

U just posted complet nonsense, are cars sold in factories? U dont need to know the location of a car fac tory or asembly to buy cars.


What Innoson ought to have done at the beginning was to have established the cooperate headquarter of Innoson business in Lagos and small factory somewhere in Ogun state or Oyo state and the big factory in the East if he must.

With Innoson business in Lagos/Ogun state, factory in Ogun/Oyo state and Apapa port right there with massive commercial publicity towards other west Africa countries. Innoson would be smiling to the Bank while all these foreign automobile companies will be struggling to survive

However, I love him for one thing, the preparation for eventuality; separation. I believe he did what he did out this point.

juicee1:
it's all about hospitality and vision.

Lagos state has done well to attract investors.

Till other states wake up, it's lagos all the way.

omonnakoda:
Someone is sounding like the ugly sister who is asking why men are lining up to ask for her sisters hand in marriage whilst ignoring her
She will soon ask for affirmative action

Please stop making noise about congestion



Lagos state area = 3414 square km 10 million people

Singapore m = 716 square km 5.4 million people

Rad1cal:
GEJ automotive policy yielding dividends