Lagos Earmarks N102 Bn To Build Lekki Int’l Airport - Politics (5) - Nairaland
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Akanu Ibiam Int’l Airport: South-East Stakeholders Allege Sabotage / Buhari Orders Immediate Release Of N5 Bn To Bomb Victims / Lagos Earmarks N102 Bn To Build Lekki Int’l Airport (2) (3) (4)
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| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by ochiaha1(m): 1:34pm On May 09, 2011 |
[size=10pt][/size] Well, Lagos is doing good by building another Airport as an alternative to MMA2; I hope it enhances competition and brings out the best, in terms of efficient service, from the managers of the two Airports. A friend of mine is arguing, however, that it is the up-town folks in lekki who are agitating for the new Airport and the state Government is just obliging them to massage their massive egos and create further distinction between the uppper class folks of Lekki Peninsula and the other folks who live on the Lagos Mainland. The truthfullness of the statement above may be difficult to verify, but I do know a Lekki Resident who told me that he had not been to the Lagos Mainland for over 10 years, he only passes through there when he is on his way to board a plane at MM1 or MM2 !!! I have no reason to doubt the man in question, because other friends have also complained about friends they had before, but who now reside in Lekki and its environs, who are now refusing to pick their calls or honour their invitations to events simply because they reside in the mainland or the events are slated for the Lagos Mainland  If the above assertions are true, then the Lagos state government should concentrate on building people-oriented projects like the fourth mainland bridge.  |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by enyojo(f): 1:39pm On May 09, 2011 |
EarsWide: This guy, you are joking or what?? maybe its been long sisnce you visited Lagos. Besides, there are traffic jams in most developed nations. Also, it is not Fashola that will solve the problem of Electricity you mentioned. Its is FG's duty. Atleast u have voted for GEJ to do that, so dont heap it on fashola. Investors don't reason like dis. A Free trade zone is an independent Exclusive area. They don't have much to do with the Kidnapping in Abia or the bad roads (so to say) in other parts of Lagos. This doesn't mean that Infrastructure is not important, but the Gov hasnt abandoned that either and the Deep-pocket Investors aare only concerned about you honouring the agreement they have with you not turning the City into New York Overnight |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by enyojo(f): 1:42pm On May 09, 2011 |
[size=13pt]THIS THREAD SHOULD HAVE BEEN ON 'PROPERTY'. SEE HOW PROPERTY GURUS DON FILL 'POLITICS'!![/size] Lawyer, Am Alone etc |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by rhymz(m): 1:50pm On May 09, 2011 |
Another way to feed Tinubu and company. What is the whole essence of such a wasteful project when we have far more pressing needs in Lagos state begging for limited resources. Those of us arguing for such a project probably dont live in Nigeria or even have experienced how horrible the road network in Lekki-epe-aja area is, one can spend hrs on the roads there for a distance that should not take more than 20min drive. The area is so much in lack for basic amenities and the government of BRF thinks siting an international airport there is the number one priority; I see another Tinapa mess in the making. The more ridiculous is the timeline for the completion of the project; one year? How na, unless of course they are going to present us with 3D graphics of the airport that has increasingly become popular these days with Naija's state governments and administrators. This will just be one huge white elephant project that will be abandorned half-way and nobody will use it. Fashola wan begin do us ABRAGADABRA, the more you look the less you see. . .hmmmmm |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by beejaei: 2:26pm On May 09, 2011 |
I think Fashola has had his priorities wrong from day one and has only been living on the fame of seeming to do something. It is not hard to be a popular politician in Nigeria when you have competition like Olagunsoye Oyinlola and Akala. I think for a underdeveloped region like Nigeria/Lagos, the emphasis of government spending should be on making good-quality basic social services available on a large scale. In my opinion, Fashola should be emphasizing issues like health,education, and the creation of a social safety net for the poor, disabled, and elderly. And if money will be spent on investments, it should be on investments that have a large and direct impact on the majority of Lagosians, not "elitist" projects. |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by Kobojunkie: 2:33pm On May 09, 2011 |
enyojo (f) That's very very unfair way of seeing this is you ask me. We all know that not everyone can 'ELOPE' to Europe and the likes. I mean remember all those you grew up with in Nigeria(assuming you did grow up there) who once had their lives around the dream of living in europe? No be most of them still dey naija today dey struggle to make ends meet? And then we have those who do not have such delusions and are content with living in Nigeria --- only they hope and wish someone will help them open the door to opportunities that will help them harness their dreams and goals. Training people according to the Chinese way, is what propelled that country forward -- once trained, many entrepreneurs came out of the woodworks to help build the nation. That is why today it is hard to definitively state that China is really a full communist country because much of it's success if built on the backs of individuals who got training and took it on themselves to build industry -- industry that inturn attracted investors( even those who detest the Nigerian government) from far and wide. The way I see it, manpower is the one resource Lagos needs to tap into. I get it that Lagos is one of the largest economies in Africa, so also is Nigeria(the country) and we all know 80% of the country ain't right. Ofcourse every single project out there is a POTENTIAL JOB CREATION MACHINE . . . I don't doubt that but since the Government is itself injecting tax-payer money into this venture, it is right to wonder if it is the BEST thing to do at this point considering that after 4 years, we still have a massively unemployed and untrained labor force -- are we really thinking to WAIT for COMPANIES to show up in the distant future to train the people or something? |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by kuntash: 2:45pm On May 09, 2011 |
enyojo: SHUUUOOOOO!! |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by Kobojunkie: 2:50pm On May 09, 2011 |
enyojo:Please, do not compare Lagos Traffic Jam with that in developed nations. That is just EVILY WRONG to do . . , lol . The government claims it has been repairing Lagos roads for the past 4 years. Yes, we were told it would not happen overnight, so we waited for 4 years to see. It is 4 years later and the many roads are still littered with potholes, and drainage remains a huge issue. Yes, we need the big projects but what happens now when it is clear a lot of work now needs to be REDONE when it comes to the basics? |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by mbulela: 3:01pm On May 09, 2011 |
i am surprised tht this argument is still going on after Lawyer's most intelligent post in the previous page. I would be glad if the supporters of this project could look t his post and criticize it constructively. |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by ebonyjoy1(f): 3:15pm On May 09, 2011 |
Whoa i Love Fashola.This is the kind of forward thinking leaders Nigeria needs. Fashola for President 2015 Udrugan for Prison 2011[color=#000099][/color][size=14pt][/size] |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by GAR3TH(m): 3:27pm On May 09, 2011 |
lawyer: Actually you seem misinformed. In your last paragraph you said they need schools, roads, hospitals etc to accommodate for the large influx of people to the lekki axis. If you didn't know the lagos state government has already created a lekki masterplan. Like all masterplans the lekki masterplan shows a planned development scheme of the entire axis from victoria island to epe and the FTZ. Fashola and the lagos state government are already using the masterplan to develop road, schools, bridge, water, sewage and electric layout for the lekki axis. They are using the masterplan to tell developers the best places for their residential, commercial or industrial businesses. Developments such as the lekki-ikoyi bridge and the lekki airport are all part of the lekki masterplan. As time goes on you'll see more projects from the masterplan come to reality. Masterplan Map Image: http://i43.tinypic.com/2qm21j7.jpg Their are other masterplans in lagos such as the ikeja masterplan among others In addition the FTZ is still under construction. and the primary objective for the airport id to serve the lekki masterplan, the lekki free trade zone, eko atlantic, lagos state and "to complement and support Murtala Mohammed International Airport (“MMIA”), the only functional international Airport in Western Nigeria. Additionally, it is the state’s desire for the airport to develop into a new hub for business and travel in the west African region, creating an environment of excellence for national, regional and international companies." |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by mbulela: 3:41pm On May 09, 2011 |
^^^ good one. Mr. Lawyer, over to you. the floor is yours. |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by BabaTony: 4:00pm On May 09, 2011 |
@gar3th ppl have no problem with the lagos state govt having a master plan, in fact all states do have master plan, the thing here is that the implementaion of that matser plan seems to have kept the cart b4 the horse, for BRF to rush to build an airport without ppl having roads to drive on simply doesnt make any sense to me, any day rain falls in lagos people are in for it, that shouldnt be so, that airport can come later after the basic infrastructure have been built , the master plan i see there has 4 parallel roads btwn the atlantic and the lagoon, why can he channel this 102 billion there before thinking about a second airport. I just hope i didnt waste my vote |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by Kobojunkie: 4:04pm On May 09, 2011 |
BabaTony: Hopefully, that one bit there will help folks move past offering up the mundane/irrelevant, 4 freaking-years-later, and get to the nitty grity! We are talking 4 years later, not two minutes, or months ago!  |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by Nobody: 4:16pm On May 09, 2011 |
enyojo: You cant compare traffic in developed countries to Lagos, there are only traffic jams only and only when there are traffic incidents/accidents and does not last long anyway and it's rare for traffic accidents to occur in this part of the world cos the road and the networks are near perfect. Might be very hard to understand if u are not in the field or had a training in Transport planning/Traffic engineering. Lagos state government should invest in infrastructures that will affect the common man on the street. In the UK. Time is money, Value of Non-Working Time per person (£5.02 per hour, 2002 prices and values) and value of working time per person is (£18.76 per hour, 2002 prices and values). It's so sad to hear about the work hours wasted in Lagos state and to think of the state as a financial hub is unimaginable. Summary: The construction of High quality road network directly increases a nation's economic output by reducing journey times and costs, making a region more attractive economically. That's more important to investors from Developed countries that is, than shiny airports. |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by birdman(m): 4:40pm On May 09, 2011 |
beejaei: A social safety net cannot be tackled at the state level. It would immediately consume most of the state's resources as people migrate from other states without such programs |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by ManXTreme: 4:52pm On May 09, 2011 |
how much would the fourth mainland bridge cost? How much would a metro-line cost? How many Lagosians have ever utilized the current MM airport? What inpact would this have on the economy? |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by novaman: 4:57pm On May 09, 2011 |
we are too sentimental about issues, instead making reasonable suggestions. The govt. is in health(lasuth), roads (badagry exp.way). Water (lost count), the last time i checked the lekki road is still ongoing, the 4th mainland is also on the list. Ppl shuld consider the fact that if we spend all our money on roads and hospitals witout look for new IGR, then children yet unborn will never 4give us. We need money to maintain the roads and hospitals, where do we get the fund when the popullation shoots up to 25mil. Ppl are still complaining about like the brt and rail yet they have not profer any alternative |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by enyojo(f): 5:04pm On May 09, 2011 |
BabaTony: On this one, I'm neither here nor there. However, in Nigeria, we have seen an El Rufai who pursued a Masterplan religiously. |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by Kobojunkie: 5:06pm On May 09, 2011 |
enyojo: True but I think we need to post here that El Rufai was a Minister, and not a State Governor. |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by enyojo(f): 5:07pm On May 09, 2011 |
Kobojunkie: LWKMD! |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by enyojo(f): 5:22pm On May 09, 2011 |
GAR3TH: Thanks GAR3TH, I really enjoy your posts on Skyscrapercity.com You too much! (i.e if u are the real GAR3TH) On this issue, the underline makes so much sense to me. Most people do not know that all the matrices of development (Hospitals, schools, roads etc) can go on with huge projects. They want just the basics (that he has done in 1st term and has promised to sustain the tempo) to be the only focus while he shouldnt touch the Major projects. One reason Dosunmu lost so badly was because he only cried 'Leave the huge projects for the FG'. He thought that an FG that abandoned ordinary oshodi-Apapa express will shoulder the 4th mainland which has already been designed by Fashola. |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by Kobojunkie: 5:32pm On May 09, 2011 |
enyojo: I don't believe that is remotely true. It is not ROCKET SCIENCE that Government can work on development in other areas even as it works on the huge projects. The question is how much of the basics is government tackling -- how much effort is being put into the matrices of developing, even as Government involves itself in the huge projects? Is the Government investing as much as 100% of what it is into the huge projects, into developing the matrices or is the ration 90% to 10%? Which is it? We need to stop pretending that people are suddenly DAFT when they do not see things from our view point. We have all monitored progress in Lagos now for 4 full years --- the reports are in and so it is irrelevant to continue, at this point pretending that everything is new or unknown. People who live in Lagos now have a good measure of the progress so far and are able to compare what has happened to what was. So there is really no need to keep going back to the beginning, pretending somehow that this is new. We are 4 years into these so called masterplans -- we now have solid data to support or reject any claims of the masterplans. It would behoove us to spend time considering what is known now, rather than pretending it all to be in the future still. enyojo:No one wants the basics to be the only focus. If you read some of the posts, you would see that your first statement there is erroneous. He has not dealt with the basics as you claim. It is still an issue. Many of the roads are ill-maintained and some have reverted to their former states. Many of these people posting live these realities on a daily basis, and rather than brushing their posts aside, we need to consider what they are saying as well. Elections are behind us . . . nobody is calling for Fashola's head anymore. What people are saying is they have waited 4 years and it may be a good idea NOW to invest HEAVILY( just as much as we invest in those big projects) in tackling the basics NOW, so that we can ALL enjoy the BIG PROJECTS when they FINALLY ARRIVE. P.S This airport deal is likely not going to be for the next 6 to 10 years. |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by enyojo(f): 5:59pm On May 09, 2011 |
Kobojunkie, I have read thru' your post and I really get your point. I also know that the Gov of Lagos is very determined to work. My previous employment was in a Consulting firm that handles many of the lagos state projects. The major challenge for Fashola is not even funds. Its is Tinubu. I cannot open up on precise instances, but we are only hoping that this second term will see the dwindling of the Tinubu's grasp on Lagos' backbone. Kobojunkie: I am not holding fort for Fashola or anyone for that matter. But I strongly know that when you consider his tenure and the challenges in the past 4 year, my Sister, you will know that he has tried. Yes the Airport may not be completed in 4 years, BUT IT CAN BE COMPLETED IN FAR LESS TIME IF THERE IS A DISPLAY OF POLITICAL WILL. |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by rabzy: 6:02pm On May 09, 2011 |
novaman: Thanks so much for this, people here think its just what is posted here on Nairaland that is happening on the ground. I remember a time when this guy just came in and he was doing a lot of road construction and it was causing a lot of traffic e.g western avenue road, Egbeda-Iba road, people were complaining that he should take them one after the other, now some are saying he has done little for the common man. The BRT Transport, how many of those 'elites' ride on them? What are the things he has done for the people in the Lekki-axis, that makes him Elitist, even the Lekki_Epe expressway, they say they don't want it because of the toll, all other projects there are under-construction. But in the mainland, He has built several General Hospitals and Maternity Homes, A lot of Roads were built/resurfaced in Surulere/Alaka, In Ikotun/Igando, Egbeda new roads were constructed and a whole lot were repaired. Many New mini-water works were also completed, but a lot of people in Lagos live in rented houses, most of those lanlords are not interested in spending a dime to join the water-grid, In my street in Orile Agege, there is a water line that passes right in front of us all, it was just two or three houses that connected to it, people would rather burst the pipe and fetch the wasting water than spend money to connect. Even when one man provided water free in the neighborhood, some people when in the night and destroyed the faucets. |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by Kobojunkie: 6:10pm On May 09, 2011 |
enyojo:Please could we put an end to that, I think it a CROCK OF BULL . . . . The same Tinubu is is known to be the Godfather of Lagos? The Same Tinubu that enabled the Governor's return? The same Tinubu that Fashola hobnobs with? Again . . .please spare us all that load of poo . . . . We are 4 years into this now . . . we are not id-iots. We see that Tinubu is in no way, shape or form, the CHALLENGE. Please do not attempt to take us down that steaming pipe hole again.  enyojo:What challenges? The same Tinubu who it turns out has been his hero all along? Please, I suggest you read some of the posts from those who live in Lagos and complain of the situation with amenities. Notice how none of them seem to care to read anymore of the TINUBU-IS-THE-PROBLEM load of poo? They just want their Governor to do a better job . . . and that should be what everyone should be focused on, even the stakeholders in this LTZ case since without drastic change to the basics, the airport will be another airport in a state where probably 80% of the local populace will probably not directly benefit anyways. |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by lawyer(m): 6:27pm On May 09, 2011 |
GAR3TH: @Gareth The difference between me and a majority of posters here is that i dont base my own opinions on what other people write and deal with false propaganda. I make sure i have concrete facts before i post anything or say anything. The last paragraph of mine that you said my demands for transportation, roads, schools, hospitals etc in the lekki ajah express way shows my lack of knowledge of the masterplan done by fashola is totally wrong. Fashola did not create the lagos master plan neither did tinubu create it. It has always been in the master plan since Jakande's era and expanded by other governors. In fact it was raji rasaki that put more effort in creating the masterplan to the lekki ajah axis and nobody expected such a population explosion in that area from 1999 till date. When your talking about a master plan without good roads how do you achieve it? Isnt it one long 40km dual highway from Ozumba Mbadiwe till you get to the julius berger bridge in the Epe township that divides it? How do you expect people to cope when the cabinet office confirms a small town in its gazette every 3 months and bring more people to buy their lands without infrastructures. What is the last school constructed in the lekki/ajah environment and what town is it located to accommodate how many people? Where was the last hospital or maternity clinic constructed in that axis by the government? Do you know the distances people travel to get free health care for those who cant afford private hospitals? From Green spring school around lakowe can you tell me of any hospital, bank, school or any other lagos state government presence there? I shuttle those places weekly when i go for property searches and i have seen things and heard complains from ordinary folks that live there and Apart from the controversy of the toll gate expansion that is not received too favorably by the populace, what other road or outlet are they constructing? The only roads i know are the ones that have large government estates that costs over N15Million to get a plot that they are constructing link roads such as the Lekki scheme 2, the abijo estates, eko akete housing scheme etc. I dont see any tarred road construction in areas like sangotedo, lakowe, eputu, odaragunshin etc where average people like us that dont have money to buy N10Million lands can connect the road. Even the so called coastal road that is supposed to be the alternative road for toll gate people hasn't been constructed because they know they won't gain any revenue from it and its even in the so called master plan that provides for 3 more coastal roads to assist road users but the govt forgot to place priority on the roads that deserve the populace attention rather its the one they can collect toll fees from they are concentrating on. Since Tinubu's era we have been hearing 4th mainland bridge, 4th mainland bridge and till date we haven't seen one stone , mortar or brick to commence work. Which is more important to people working on the Island, a 4th mainland bridge that will cost half of that amount budgeted for the airport or an Airport that i might only use probably 7times in a year? There is a big difference between the master plan on paper and the plan they finally carry out at the end of the day, thats why i will still stand my ground that the amount of money to be spent on the airport can do wonders in opening up the lekki/ajah, epe express way if that money is invested wisely to create more roads and more immediate amenities. There are countries that have only 1 airport and they haven't disappeared from the planet. Up till date using MM hasn't killed anybody. People from Ibadan, abeokuta, Ife, akure etc still drive all the way down to Muritala in Ikeja to fly to their different destinations so there isnt any thing new the airport will do that will change that. Talking about the FTZ When last did you visit it? I was there 2 weeks ago and i can assure you that half of the population in the lekki/ajah epe axis don't even know where the place is and apart from AMEN Estate there and Eleko Beach what other development is there surrounding the ftz that the populace there can lay claim to that they have benefited from apart from land speculators buying up lands in the last 15 years waiting for something concrete to happen but it only occurs in Newspapers and LTV 8? The eleko road was built almost 20 years ago so it isn't a TINUBU/FASHOLA thing. So Oga am not misinformed. I get my information directly from the surveyor general's office, ministry of waterfront, the cabinet office, town planning and land bureau and i go there myself to see things one on one. Master plans are paper plans until it has been realized in a feasible and realistic manner. Do you know how many times the master plan has been altered to accommodate different new towns created or the ones judgment has been given in their favour? Do you know how many people have bought lands in places tha has been acquired by government but because of the large population there they ignored the master plan to focus on the well being of people? Look at Badore for example, the 4th mainland bridge is supposed to pass there but the number of houses there are so many from the spot the 4th mainland bridge is supposed to pass through that they will have to demolish thousands of houses to achieve it. Do you think any right thinking government will demolish 1000s of homes and the owners of the houses will walk quietly into the night without any fight back? Wont the master plan be altered to accommodate where things haven't gone on smoothly? Priorities first and be prudent with tax payers money. That's all i ask from the Fashola Government. Nobody is antagonizing them, just do the right thing and the right time. |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by johnie: 6:39pm On May 09, 2011 |
There is a contradiction between the news headline and first paragraph of the story on one hand and the comment of the governor's adviser on the other hand. The former claims that the government is to spend N102bn of tax payers' money while the adviser says that the government will only woo private investors: The Lagos State Government is to spend N102 billion ($ 650 million) on the construction of the Lekki International Airport which is expected to commence operation in May 2012. The Commissioner for Commerce and Industry, Mr. Adeniyi Oyemade, a Public Private Partnership projector told reporters in Ikeja that the proposed airport would handle 5 million passengers annually. “The state government has obtained the site approval for the airport from the Federal ministry of Aviation and completed the master plan on the 3500 hectares of land for the project. The Governor has also approved the conduct of the topographical and geotechnical survey of the 3500 hectares of land allocated for the Airport,” he said. Its construction will engage over 2,000 direct and indirect workers. Also speaking on the project the Special Adviser to the Governor on Commerce and Industry, Mrs. Olusola Oworu, said “the state government believes that this is an investment that can be run only by the private sector because it is commercially viable to have the second international airport in Lagos state which will be running at maximum capacity. “What the state government will do for the private companies is to create an enabling environment for the investors. And as we speak today, the state government has appointed a commercial adviser who will assist the state government in putting the data’s that will be sent out to prospective investors who will send in their codes for the project,” she added. The state government has appointed Mace Group, a United Kingdom based firms International Development Unit (IDU) team as the project manager for the preparation of a master plan for the new Airport which will be built next to the 16,500ha Lekki Free Trade Zone.  |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by johnie: 6:47pm On May 09, 2011 |
What is the N102 billion ($ 650 million) for? Provision of infrastructure or construction of the airport? The reporters ought to clarify. |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by johnie: 6:48pm On May 09, 2011 |
@lawyer, I feel your PAIN! |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by Kobojunkie: 6:49pm On May 09, 2011 |
^^^^ This is nothing new at all. Most all so-called PPP projects in the last 4 years have been presented in somewhat the same way. At the end, they are not all in any way wholly private. You will need to look in the archives to find threads on this particular project where we debated Government's actual involvement -- yes, the Government is definitely financially invested in the LTZ project -- we are speaking of about $1 billion worth of Government assets/finance being pumped into this so far, according to reports. |
| Re: Lagos Earmarks N102 Bn To Build Lekki Int’l Airport by paddylo1(m): 6:50pm On May 09, 2011 |
[b]I hope people on this site are not arguing aimlessly about this Airport in Lekki I believe this project will be mostly Financed by Private investors who will raise capital on their own and then recoup their money after some time Just like Bi-courtney is doing with MM2. . .Local terminal Now going to some of the arguments put forward. . even if the State Government makes an investment of say 30% of the total project cost I expect it to get returns to the tune of its equity or debt(bond) investment in the project I know that in my former city of Philadelphia,the Int Airport there is a money maker for the city. . . so again a lot of these arguments are not necessary. . . If the state Govt invests in the airport. . It will likely be making more money than it invested in yrs to come If it doesnt then it will be a solely Private sector driven project. . In either case its a win-win scenario of course a few ppl on here love to hear themselves talk and argue for ages. . twisting themselves in knots like junkies. .and using big words that ultimately signify and mean nothing however for the rest of the sane ppl on this thread. . just read what i wrote. . and see that this project will be 100% good for the state and the country. .[/b] |
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