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FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn (25663 Views)

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Re: FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn by bonechamberlain(m): 1:32pm On Feb 15, 2018
9gerian:


As (temporarily) comforting as the plan may seem, Nigeria and its citizens should know that they would surely pay for such abdication of the government's responsibilities; while Dangote would be far better for it. In years to come Dangote would not only be the richest, but the most powerful man on whose shoulders rest the socio-economic and political prowess of Nigeria. It is safe to say then that Capitalism has fully taken over!!!
it is sickening, and people are praising this proposal, so govt would deliberately fail to do their job and pass it to the citizens indirectly to the job of the govt.
Re: FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn by joebeckz(m): 3:24pm On Feb 15, 2018
danduke85:
They might as well hand over the country to Dangote. Other business men no dey?
u seem not to understand the scenario. Dangote has agreed to use his money to construct that road. Government handed over the plan to him. If other business men want to use their money to assist the community as a social responsibility, the government will freely grant such. I comment Dangote on this but I rebuke the Fg for being so irresponsible that they have allowed that road unattended to for years knowing it is a major route that brings in a lot of money and business to the country.
Re: FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn by don4real18(m): 4:08pm On Feb 15, 2018
They have loaned Apapa to Dangote for his business
Re: FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn by snipesdam(m): 6:22pm On Feb 15, 2018
mfm04622:


How many months is too long? In what time should the design be done?

In less than 60 days from announcement. By now Dangote we would have seen the extent of Job done.
Re: FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn by wealth2al(m): 6:36pm On Feb 15, 2018
GOOD
Re: FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn by akigbemaru: 7:57pm On Feb 15, 2018
sabama007:


Mr. Joseph
Re: FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn by DerideGull(m): 8:21pm On Feb 15, 2018
arsenal33:


Other businessmen should put themselves forward.
stop lamenting

Are you are a learner. Have you heard about Ibeto? Nigeria government drove Ibeto out of cement business and even made sure that his preferred port of entry does not handle commercial imports.
Re: FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn by gretblue: 9:40am On Feb 17, 2018
bonechamberlain:
what facts are you talking of, u didn't even site an example of where the U.S as u claim involved in PPP to construct a major economic road that costs less than 5billion don't divert into provision of amenities and other folktales everyone knows that. we are talking about road construction. what the NPA generates in a week would fix that road. you are just trying to be mischievous.
Take, for example, the East End Crossing bridge project connecting southern Indiana with northern Kentucky across the Ohio River. The state of Indiana, acting through the Indiana Finance Authority, is the project sponsor. The bridge is being developed through a public-private partnership with Walsh Investors LLC, VINCI Concessions, and Bilfinger Project Investments, which joined together to form a company called WVB East End Partners. The company will construct and maintain the bridge for a period of 35 years.

Under the terms of the deal, the Indiana Finance Authority will make progress payments totaling $392 million to WVB East End Partners during construction. The remaining construction costs will be covered with $676 million in PAB proceeds and $78 million in private equity. In total, private equity represents only 7 percent of project costs, while public funds and PAB debt account for 93 percent.

Drivers will pay a toll to use the bridge, and Indiana and Kentucky will split the revenue from the tolls. Importantly, WVB East End Partners will receive an annual availability payment from the state of Indiana regardless of the amount of toll revenue generated by traffic on the bridge. Because the state must make its availability payment each year no matter what fluctuations may occur with traffic on the bridge, this approach removes all toll revenue risk for the private company. WVB East End Partners will use the availability payments from the state of Indiana to service the PAB debt and cover ongoing operations and maintenance on the bridge.
You can see you are the ignorant and Mischievous one. Don't just spend your data on Bbn , use your data to know more happenings around the globe. PPP or Concession is a global practice. No government in the world can do it all alone.
Re: FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn by kabarka(m): 10:46am On Feb 17, 2018
Adeyeye09:
They should just hand over Nigeria to Dangote. clueless pple...

You will quote me one day.when the north had exhausted the old dullards,they will present their umbrella (dangote) to contest for president.
Re: FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn by bonechamberlain(m): 10:58am On Feb 17, 2018
gretblue:

Take, for example, the East End Crossing bridge project connecting southern Indiana with northern Kentucky across the Ohio River. The state of Indiana, acting through the Indiana Finance Authority, is the project sponsor. The bridge is being developed through a public-private partnership with Walsh Investors LLC, VINCI Concessions, and Bilfinger Project Investments, which joined together to form a company called WVB East End Partners. The company will construct and maintain the bridge for a period of 35 years.

Under the terms of the deal, the Indiana Finance Authority will make progress payments totaling $392 million to WVB East End Partners during construction. The remaining construction costs will be covered with $676 million in PAB proceeds and $78 million in private equity. In total, private equity represents only 7 percent of project costs, while public funds and PAB debt account for 93 percent.

Drivers will pay a toll to use the bridge, and Indiana and Kentucky will split the revenue from the tolls. Importantly, WVB East End Partners will receive an annual availability payment from the state of Indiana regardless of the amount of toll revenue generated by traffic on the bridge. Because the state must make its availability payment each year no matter what fluctuations may occur with traffic on the bridge, this approach removes all toll revenue risk for the private company. WVB East End Partners will use the availability payments from the state of Indiana to service the PAB debt and cover ongoing operations and maintenance on the bridge.
You can see you are the ignorant and Mischievous one. Don't just spend your data on Bbn , use your data to know more happenings around the globe. PPP or Concession is a global practice. No government in the world can do it all alone.
u had to research for days to bring out this irrelevant info. and sorry everyone cannot be u who waste time on useless shows like the one u stated. u are still mischievous, and unwise, if u aren't u wouldn't compare the FG engaging in a PPP to construct a less than 5billion naira road that is of economic importance to a nation to an almost 1 billion dollar bridge, being constructed by a state so u are saying the FG of a major oil producing nation, should be engaging in a PPP to construct a less than 30 million dollars road that is of economic importance to the country. don't defend the undefendable. maybe u need to use ur data wisely next time and research were the FG of the U.S (since u have decided to site the U.S) engaged in a PPP involving less than 50 million dollars to construct a road that us of economic importance to the country.

1 Like

Re: FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn by gretblue: 5:34pm On Feb 17, 2018
bonechamberlain:
u had to research for days to bring out this irrelevant info. and sorry everyone cannot be u who waste time on useless shows like the one u stated. u are still mischievous, and unwise, if u aren't u wouldn't compare the FG engaging in a PPP to construct a less than 5billion naira road that is of economic importance to a nation to an almost 1 billion dollar bridge, being constructed by a state so u are saying the FG of a major oil producing nation, should be engaging in a PPP to construct a less than 30 million dollars road that is of economic importance to the country. don't defend the undefendable. maybe u need to use ur data wisely next time and research were the FG of the U.S (since u have decided to site the U.S) engaged in a PPP involving less than 50 million dollars to construct a road that us of economic importance to the country.
Its obvious , you know next to nothing. You had earlier argued US did not involve in Concession or PPP. Now have shown you on numerous occasions where US did involve in such exercise, your blind argument now is the huge cost involved in the same process that involved Nigeria and US. Don't be inferior to the whites. The simple fact that America also invovles in a concession/ PPP process is enough for you to hide your face.

1 Like

Re: FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn by bonechamberlain(m): 10:14pm On Feb 17, 2018
gretblue:

Its obvious , you know next to nothing. You had earlier argued US did not involve in Concession or PPP. Now have shown you on numerous occasions where US did involve in such exercise, your blind argument now is the huge cost involved in the same process that involved Nigeria and US. Don't be inferior to the whites. The simple fact that America also invovles in a concession/ PPP process is enough for you to hide your face.
oga we are talking of countries, and u are giving me info of a state, u need to go back and read, then show where I doubted that US don't involve in PPP even a toddler knows that, I asked u to site an example and u state the state of Indiana, is the state of Indiana the US federal government. u need to continue doing your research.
Re: FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn by gretblue: 2:01am On Feb 18, 2018
bonechamberlain:
oga we are talking of countries, and u are giving me info of a state, u need to go back and read, then show where I doubted that US don't involve in PPP even a toddler knows that, I asked u to site an example and u state the state of Indiana, is the state of Indiana the US federal government. u need to continue doing your research.
From US does not involve in Concession/ PPP, to US only involves in Concession/ PPP when the cost is $500billion and now , again only States in US do involve in PPP / Concession. I would rather safe my time to debate with a more learned fellow. #Peace
Re: FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn by daywatcher: 4:48am On Feb 18, 2018
Why will Dangote not be the richest person in Nigeria when FG gives him many favourable contracts
Re: FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn by deomelllo: 5:11am On Feb 18, 2018
bonechamberlain:
u had to research for days to bring out this irrelevant info. and sorry everyone cannot be u who waste time on useless shows like the one u stated. u are still mischievous, and unwise, if u aren't u wouldn't compare the FG engaging in a PPP to construct a less than 5billion naira road that is of economic importance to a nation to an almost 1 billion dollar bridge, being constructed by a state so u are saying the FG of a major oil producing nation, should be engaging in a PPP to construct a less than 30 million dollars road that is of economic importance to the country. don't defend the undefendable. maybe u need to use ur data wisely next time and research were the FG of the U.S (since u have decided to site the U.S) engaged in a PPP involving less than 50 million dollars to construct a road that us of economic importance to the country.


You asked for examples, but after showing your example, you moved your ignorant goal post monetary requirment for PPP projects as if you are the God and ruler of PPP.

PPP is PPP regardless the dollar or naira amount. ipibs sitting on NL don't decide or get to decide the monetary value or requirement of PPP projects unless you have a documented global requirement where PPP monetary values are prerequisites.


You people come up with the most ridiculous and absurd rubbish ever.
Re: FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn by bonechamberlain(m): 7:41am On Feb 18, 2018
gretblue:

From US does not involve in Concession/ PPP, to US only involves in Concession/ PPP when the cost is $500billion and now , again only States in US do involve in PPP / Concession. I would rather safe my time to debate with a more learned fellow. #Peace
OK, I also need to save my time debating with reasonable ones.
Re: FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn by bonechamberlain(m): 7:43am On Feb 18, 2018
deomelllo:



You asked for examples, but after showing your example, you moved your ignorant goal post monetary requirment for PPP projects as if you are the God and ruler of PPP.

PPP is PPP regardless the dollar or naira amount. ipibs sitting on NL don't decide or get to decide the monetary value or requirement of PPP projects unless you have a documented global requirement where PPP monetary values are prerequisites.


You people come up with the most ridiculous and absurd rubbish ever.





deomello or whatever u called, go and look for ur likes (zombies) to quote and disturb.

1 Like

Re: FG Hands Over Apapa Road Design To Dangote, Raises Trailer Park Cost To N9.55bn by deomelllo: 4:38pm On Feb 18, 2018
bonechamberlain:
deomello or whatever u called, go and look for ur likes (zombies) to quote and disturb.


Ignorant and unintelligent ipob zombie calling other people zombie..


Wonders shall never end...

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