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Stats: 2,716,841 members, 6,422,990 topics. Date: Thursday, 05 August 2021 at 01:40 PM
|The Opportunity Cost Of The Godswill Akpabio International Stadium by Blue3k(m): 9:15pm On Sep 02, 2017|
By Inibehe Effiong
Front Page: Lalasticlala
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|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by abokibuhari: 9:17pm On Sep 02, 2017|
|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by Homeboiy: 9:22pm On Sep 02, 2017|
I am confused
Has the governor revoke his promise?
|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by Blue3k(m): 9:22pm On Sep 02, 2017|
Seriously how much revenue does the stadium generate? People celebrate this project without considering economic benefits derived from this project. That's why they are so ready for another stadium to be built in Eket.
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|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by Nobody: 9:26pm On Sep 02, 2017|
o boy.....after reading the post, I can only say corruption is in play.
|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by Nobody: 9:28pm On Sep 02, 2017|
let's look at it from this perspective, visitors troop in every time to watch the eagles play. Each visitor in my own estimation lodges in a hotel with the state owned Le Meridian getting full to the brim, essential products are bought by visiting individuals thereby stimulating the economy of the state as well as boasting tourism too.
As for the governor's cash donations all I can say is a big HABA !
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|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by Nobody: 9:34pm On Sep 02, 2017|
Nigerdeltaboi:if u carefully read the post....it is stated that majority of the spectators are ibomites, most of them don't need to lodge in a hotel. only the opponent team will be lodged. unless Nigeria is hosting a competition, it is not generating anything compared to the amount spent on the stadium.
it is not even an ultra modern sport complex....WTF!
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|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by Nobody: 9:56pm On Sep 02, 2017|
shervydman:I did read the post and of course majority of the spectators will be ibomites na.
I haven't been to the stadium but I watched the past governor during the commissioning say it was equipped with lawn tennis courts and other games likewise cafes too. it will be foolhandy to expect sudden returns moreover that facility was built to provide sporting exposure to ibomites.
Politics and corruption may have taken place which cannot be ruled out, IMO the construction of the stadia is not a waste.
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|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by richidinho(m): 10:12pm On Sep 02, 2017|
Bro! Save your strength, don't just mind them, a state that hardly welcome up to 500 visitors in a month before Akpabio's era, they have forgotten that there was a Governor before Akpabio
Inibeghe or whatever is his name shld get ready to contest as governor in 2019 let's see how popular he is, nonsense!
Udom has 8yrs to govern the state, we are not disappointed in him, he is doing very well
Bringing people to the state during matches in the stadium is a very good way to market the state and show to the world that we are peaceful people, that alone can attract Foreign direct investments to the state
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|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by Blue3k(m): 10:16pm On Sep 02, 2017|
I personally don't think it generates that much money compared to lobbying and construction cost. It all depends on hotel revenue taxes, Ticket sales and TV revenue split Akwa Ibom negotiates. Funny enough Akwa Ibom and Starwood feel Le Meridian not giving them desired returns.
I don't agree with governor handing out public funds to these guys. If we Akwa Ibom wants to be generous let them hand it out to local charity or to foundation. If not just keep the money.
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|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by Nobody: 10:23pm On Sep 02, 2017|
Blue3k:I agree with you, Cash donations of such should be discouraged.
I wish the super eagles donate the cash to those who truly need it.
|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by HoluwarTohbar(f): 10:46pm On Sep 02, 2017|
You Akwa Ibomites here should give it up already! For the first time in history Akwa Ibom became a beautiful bride most suitors wanted for marriage. Attah and Akpabio did a lot to announce the backward state.
How can anybody expect that stadium to begin to generate so much profit already? That Akwa Ibom is in the conversation in this century deserves commendation.
Yes of course some elements of corruption would have taken place as is cultural with our thieving politicians, to dismiss the honour and pride of place that stadium brings to Akwa Ibom is sheer politicking!
I guess Akpabio needed that project to immortalize his name rather than spend so much expanding the airport and other projects not started by him.
If not for the Calabar stadium, UJ Esuene's achievements in office would have been obliterated by the sands of time. So how much profit does the Calabar stadium rake in yearly?
Nothing wrong with the cash donations, they can afford it comfortably.
The writer is just playing politics as usual...I bet he is not myopic to see the multiplying effect and other positive attractions that stadium will afford the state in 20yrs to come.
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|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by hardywaltz(m): 11:06pm On Sep 02, 2017|
When we opined this same sentiment in 2014 we were insulted to high heavens
|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by Ehiscotch(m): 11:35pm On Sep 02, 2017|
250 million dollars is freaking inflated. The governor ought to account for such a poorly equipped and improperly structured stadium. He ought to know that building a stadium in Nigeria doesn't generate enough revenue to cater for both the funds used in building the stadium(Capital) and the recurrent expenditure that will be incured in maintenaning the stadium in every year's budget. Where were his heavily and handsomely paid special advisers when you need them? The governor in my take was in too much a hurry to erect a monument that'd be named after himself and his half brained advisors or himself thought this up as a best way to do so.
|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by Nobody: 11:41pm On Sep 02, 2017|
Ehiscotch:exactly my thought too......
|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by omohayek: 7:52am On Sep 04, 2017|
A fantastic critique of a huge waste of money. It's too bad hardly any Nigerians - even the "educated" ones - understand the concepts of "opportunity cost" or return on investment. So much spending on projects in Nigeria is done simply because the ideas sound good, without any hard thought put into how much financial sense the proposals actually make. Of course, the politicians making the decisions are probably too busy thinking about how the contracts can be padded to steal as much as possible, but here my focus is on all the ordinary Nigerians who never stop to ask about whether there are better uses to which public money could be put.
|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by omenkaLives(m): 7:57am On Sep 04, 2017|
Will leave this to the people of the state of debate.
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|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by OsuMmanu1: 8:01am On Sep 04, 2017|
|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by buffalowings: 8:49am On Sep 05, 2017|
|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by iberrylee(m): 10:19am On Sep 05, 2017|
which one is your problem here? is it the amount spent building the stadium or the revenue that should be generated, you clumsy piglets will be the one to rant online that south Africa have world class stadium world class Airport but Nigeria does not have a good stadium now govt built one you are crying again..put yourself in apkabio shoe if u won't inflate such project like he does, oloshi forming holy holy, go and ask south Africa if the stadium is racking in billions for them mumu oshi
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|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by Blue3k(m): 10:29am On Sep 05, 2017|
Wow this crazy how people reason like children. If all your friends jump off a cliff you would be next in line with that logic. We should ignore corruption because it's a nice building. Why start an unprofitable project when they could have used it other adding more to economy. Education, infastructure like roads, airport and seaport, etc.
Lol vanity seems to effect Nigerians ability to think. Instead of having economic discussion you want to say it's OK to do something dumb because our peers do it.
|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by Daviddson(m): 10:46am On Sep 05, 2017|
Nigeria's problems are many but one of the most conspicuous is mediocrity and doing things by emotions. Super Eagles are paid to play matches, winning should be their utmost priority. Why then do they need extra morale booster before they can win? I think we're simply not ready to move forward as a nation if we keep on walking this mediocre track.
When our football team play you'll start seeing people telling us how football unite Nigerians. Kai...this is awkward and a 16th Century mentality. What country have you ever seen where its citizens wish its sporting opponents defeat it? Politicians are just playing ludo with the masses' head using emotional statements. The earlier we realize it the better.
|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by yaki84: 11:02am On Sep 05, 2017|
Blue3k:bros first n foremost u r intellectuallly unfit, no pun intended. How much is official of dollar to naira by cbn? It is 306 to a dollar. The govr is not mandated to give them 40k in dolls, he can aswell give them the money in naira which is less than 13million naira.
Secondly how many civil servants, pensioneers n retired but death workers do we hv in akwaibom? Will 13million settle thier issues?
U said the stadium isnt contributing anything to d state, am sorry to tell u this but u r a joker.
So the hotel the camerounians lodge they didnt pay abi, everybody that went to d stadium to watch d match entered freely, d ticketers didnt sell d tickets but gave it out freely too?
Those nff n others that came from outside the states flew from their bedrooms to d stadium n back to the rooms without passing or patronisng outlets in d state abi?
Blue k try n use ur brain. Abi na black mater dey ur brain?
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|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by yaki84: 11:06am On Sep 05, 2017|
Daviddson:president have wardrope allowance, hardship allowance, newspaper allowance, credit card allowance, furniture allowance, all these plus his baxic salary yet we dont complain but attack some little form of motivation given to patriots who r treated badly most times in theri course of duty.
Abeg is buhari's hardship allowance justified.
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|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by Blue3k(m): 11:18am On Sep 05, 2017|
Lame rebuttal from by kid. It's unnecessary to hand out the money in dollars or naira. They money would better help some people that need it that state actually owe instead of players already getting paid to do job. Only a daft person would dash money out to people like that.
After all the lobbying and maintenance to get the games is it turning a profit for the state. That's the big picture not that few big matches happen. Use your head and see the big picture.
|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by DeWisedon(m): 11:27am On Sep 05, 2017|
you work,dem say you launder money,you no work dem say you dey corrupt,this post is just shit,and I don't see any need for it.
op you are there criticizing,and akwa ibom is moving forward unlike my state IMO,
I just wish akpabio will govern my state for just 3 years
|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by yaki84: 11:30am On Sep 05, 2017|
Blue3k:am from a state where paltry 13million naira cause uproar over billions looted from government thru award of contracts n compensation during road construction.
Abeg how many workers r they owing in akwaibom state?
Will less than 13million settle their debts?
What if the money came from his private wallet? Did ur warped n blocked brain made u think of this?
Yesterday buhari gave out 250k to corp members plus other items, abeg those corp members r they not being paid already by fg? Did we condemned buhari for using state monies on frivolities when benue indigenes were being shased out their homes by flood? Abi 250k cant help those ones abi?
Continew am ready for u
|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by Daviddson(m): 11:38am On Sep 05, 2017|
yaki84:I never said I'm against giving them allowance; did I? But using extra money to "motivate them" should come from either the FG or from a governor's private pocket; not using public funds to appeal to the emotions.
|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by yaki84: 11:43am On Sep 05, 2017|
Daviddson:what if its from private wallet? Did we ask that question or we just jumped to attack?
|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by Blue3k(m): 11:50am On Sep 05, 2017|
1. I don't care what state you're from. If you don't want better that's fine. Inflate and loot away its your tax money.
2. You reason like a child. Since Buhari does something dumb you say it OK for next guy to copy. You will jump off a cliff with that mentality.
3. Even if 13 million won't settle everyone it helps some. If you owe pensioners cash that should be your priority not well paid footballers doing their jobs. Buhari can hand them bonuses.
3b. They can give the money to local charity or foundation if they please. Personally I wouldn't gripe at that.
4. Akwa Ibom owes pensioners 5 yrs worth pensions and gratuity. The grand total is about 2 billion.
5. They money was likely public funds just like any other supposed generosity. Are you also going to claim he was personally giving out his money when he promised the Akwa United players 2 million each and a club house. Dude you must be a real clown.
Ironically, two years after the state government owned Akwa United Football Club won the 2015 FA Cup, Governor Udom Emmanuel is yet to fulfill his promise to give each of the 34 registered players of the local club N2 million and a house.
|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by Newmanluckyman(m): 11:53am On Sep 05, 2017|
...I really understand the OP concerns which to me makes economic and logical sense. In Africa we build to impress and not to economic usage.
The truth is that the opportunity cost of building this white elephant stadium project and the $250M cost price could have been used to industrialized most local areas of the state. A state that can't boost of good local roads, good infrastructure, has sizable number of people living below the poverty level ,unemployment, poor health system opting to embark on such a project for me is a TRAGEDY OF ECONOMIC MISPLACED PRIORITY. It's obvious that the then governor was anxious to immortalized his name on a big white elephant project like that hence the decision to use this stadium was carefully placed on the chopping knife.
|Re: The Opportunity Cost Of The Godswill Akpabio International Stadium by Newmanluckyman(m): 11:59am On Sep 05, 2017|
omenkaLives:...when it involves Nnamdi Kanu and Biafra you won't leave it to the people of that region to debate. You will be seen masturbating all over the thread. Talking about hypocrisy.
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