abdulrazat:
he lied. Awolowo was released from calabar prison by Ojukwu before the war. Both men had an agreement on secession but Awolowo betrayed him all because he was promised a top position in Nigerian government. Reason why till date, no Igbo man in his right senses would trust a Yoruba man. One thing is certain with both tribes, an Igbo man is arrogant and proud but he would not betray you like a Yoruba coward who will always backbite.

mapet:


Ok @ toxin, tell me you were discribing a Nollywood fantasy in the bolded and not you

walexybab:
pls can someone help me to tell Gov fashola to lend some brains to gov aregbesola because he is d definition of cluelessness .clueless aregbesola can feed primary school pupils with #300m but can not pay 6 months salaries to workers in osun state which of course d teachers dat will teach them are among them and he expect hungry teachers to teach them well. Don't u think he needs to borrow some brains from this excellent governor.

Jobneeded12:


Rather than break, regionalism is better

Jobneeded12:


Rather than break, regionalism is better

chuna1985:


Lol, All these stories to defend the unserviceable growing debt of Lagos...

Ur d kind of person who sits himself down n then execute self deception. .

micktoxin:


http://leadership.ng/business/436265/lagos-metro-rail-transit-to-cost-n456bn-says-md-infrastructure-bank

Lagos state is forging way ahead of every state.

chidinwachukwu:

Fo.ol,all of yoruba people should continue to focus on the development of a former capital of Nigeria to the detriment of your own undeveloping and archeological states of Oyo,Osun,Ekiti,and kwara.Ndi iberibe

arresa:



Fact is, your comparison was flawed and misguided since the cost of everything associated with any kind of construction varies in any environment.

The places you mentioned obviously produces nearly all the tools and materials needed and they definitely won't be shipping labor and materials across the ocean like the folks in Lagos and Ogun have to contend with, then you still have to contend with terrain, needed stations, bridges and countless other contingencies that you can not put any kind of price tag on.

Again, you comparison was flawed and misguided even at least due to the fact that you have zero idea per what's on the table to be done, why and how and until you are able to do just that, you have nothing credible to base your analysis on.

The ridership numbers available on the ground daily means this project is capable of paying off whatever loan secured in less than 10 years while pumping tons of money into the local economy with goods and services going back and forth with ease and taxes into state coffers...

walexybab:
pls can someone help me to tell Gov fashola to lend some brains to gov aregbesola because he is d definition of cluelessness .clueless aregbesola can feed primary school pupils with #300m but can not pay 6 months salaries to workers in osun state which of course d teachers dat will teach them are among them and he expect hungry teachers to teach them well. Don't u think he needs to borrow some brains from this excellent governor.

micktoxin:

You are right. To be honest, I made that comments based on similar project in western world. Sud Europe Atlantique fast train in france, is a 302km project with a cost of $8.49 billion=$28million per km.
For comparison, Google map shows the distance between Lagos VI and Abeokuta to be 103km, which means a $23million per Km($2.4Billion).
The trip between both end of the 302km is expected to take around two hours and ten minutes, which means in order to match that Lagos train must take the journey in ~45minutes. Unless Lagos state is buying ultra fast modern train, I doubt they will achieve such a feat?
When you factor the overhead cost, the quality of the train in France, then it's very easy to see why the project cost of Lagos rail is puzzling.
http://www.theguardian.com/business/2014/feb/09/high-speed-2-project-french-railway-construction
Many rail project with similar distance don't even come close to that price.

mapet:


1. If the aim of your argument was to raise a political question about deliberate overbudget, then your posers are inadequate and I thought we (some posters and myself pointed that out) How will costs in Nigeria be comparable to France for example? If you consider that almost the entirety of the capital costs are sought abroad in our case, expertise is gotten at a premium, our weak dollar vs. naira exhange rate, time lost in needless government bureaucracies, the risks factor built into cost of financing considering our environmental challenges (Fear of BH & ND restive youths), perceived instability in our government and policies etc. A typical french government will secure financing at probably single digit, while we get financing in region of 25%. That alone changes the basis of comparison.

2. A comparison of Project by km/mile simply gives you a poser to further dig down into the constituents when comparing countries. It tells a gives various people information that can be interpreted in many ways. A typical investor could choose to invest in France, if the cost per mile is cheaper, hence he requires less funds compared to doing same in Angola. A typical Nigeria government sees it from the POV of high cost of project financing that translates into longer term PBP and ROI, hence the need to look at the variables.

3. I tell you, it's simply intellectually lazy to do a brazen comparison without a level of adequacy on data to justify landed assumptions. Yes you want to call for probity, but we don't want to do that and allow government to take us to the cleaners.

omonnakoda:
I have looked at the link you provided and either you did not read the story or you deliberately were economical with facts. The story is about High speed two or HS2 in England and a comparative discussion of why HS2 is costing twice as much. You should have added that information for honesty and balance. Anyway the French model of finance is not explicit from the article and these things are usually complex . What you have is a model where investors are getting a 50 year concession. It is NOT the same as a transactional arrangement where government awards a contract for a piece of infrastructure. In other to compare two situations we must have all the details to be sure we are indeed comparing like for like. Taking your article at face value it would seem there is a wide range of cost possibility from the French example to twice that cost in the HS 2 example. I do not then see how you can suggest the French example is a typical one

micktoxin:

You do like to state many painful obvious don't you?. I do agree to the lazy approach narrative of the method, due to lack of contextual perspectives used in estimating the project....... However, what the comparison shows is a need to ask why the cost is so expensive.
Perhaps, I should make my position clear by saying any project with a budget of this magnitude($Billions) must be made available to the public.
There is a reason freedom of information act require government projects to be made available to UK public. Go figure .
Regardless of contextual perspectives we need more information.
Simple, and have good day.

omonnakoda:
You cited an article which gave two examples with one twice the price of the other which would suggest that there is a wide variability in the cost of such projects. I do not think there is enough information to say the Lagos Project is "so expensive" . That is just an illogical leap. Besides the article is not categorical but conditional in its reporting as "factual" the French figure but you appear to elevate it to fact without looking into what you are doing is a like for like comparison.

eg why is HS 2 twice the cost of the French one Does that make it "expensive" or just representative of an entirely different et of circumstances e.g if you are building in un-built areas is it the same as building through areas that are built up.
Also what is the contract structure ? Is it a build and deliver or are there other service arrangements involved. In Nigeria it is unlikely to be powered by electricity so we need to be cautious with off the cuff comparisons

micktoxin:

Another one missing the point. Read my replies to others and understand the context of my argument.
As shortsighted as the approach may be, I still maintain we need more information on Lagos project.
http://www.dailymail.co.uk/news/article-3010361/HS2-cost-nine-times-French-line-50billion-rail-project-hold-say-Lords.html#article-3010361

omonnakoda:
I agree we need more information and so we cannot draw any conclusions such as "IT IS EXPENSIVE" as you have done. Let us leave it as we need more information that is the objective approach.

micktoxin:

I think you guys took my posts as conclusive, which wasn't the intention.
At least we can agree we need more info, so it's all good.

omonnakoda:

micktoxin:
:

I think you guys took my posts as conclusive, which wasn't the intention.
At least we can agree we need more info, so it's all good.

We took your posts for what they actually said we are not mind readers