VaselineCrew:
Have you driven past the lekki-epe toll gate recently

If you have then you must have noticed that the roads are wearing fast, the lane markers have mostly washed away, the street lights don't work at night in most sections between phase 1 and Chevron.

So what exactly are Lagosians paying for? Why pay N200/N250 everytime one passes that road?

Since it's obvious that the money made from that road isn't used to keep the road in tip-top shape, then what is the money used for?


If there are 20 stalls and 10 cars pass per minute, each paying N200 then every minute the toll gate makes:

20 x 10 x N200 = N40,000

So for every hour we multiply this number by 60, so every hour the toll gate makes:

N4,000 x 60 = N240,000

Multiply this number by 17 hours to be conservative instead of 24 hours, then every day the toll gate makes:

N240,000 x 17 = N4,080,000

Multiply this number by 30 days and we get the money made from the toll gate each month:

N4,080,000 x 30 = N122,400,000


Now you tell me if N122,400,000 every month is not enough for a sincere government to maintain that road and make sure that potholes are fixed, the street lights all work and the lane markings are always re-painted.


Where does all the money go

donwhit:
Inside The belly of the whale

VaselineCrew:
Have you driven past the lekki-epe toll gate recently

If you have then you must have noticed that the roads are wearing fast, the lane markers have mostly washed away, the street lights don't work at night in most sections between phase 1 and Chevron.

So what exactly are Lagosians paying for? Why pay N200/N250 everytime one passes that road?

Since it's obvious that the money made from that road isn't used to keep the road in tip-top shape, then what is the money used for?


If there are 20 stalls and 10 cars pass per minute, each paying N200 then every minute the toll gate makes:

20 x 10 x N200 = N40,000

So for every hour we multiply this number by 60, so every hour the toll gate makes:

N4,000 x 60 = N240,000

Multiply this number by 17 hours to be conservative instead of 24 hours, then every day the toll gate makes:

N240,000 x 17 = N4,080,000

Multiply this number by 30 days and we get the money made from the toll gate each month:

N4,080,000 x 30 = N122,400,000


Now you tell me if N122,400,000 every month is not enough for a sincere government to maintain that road and make sure that potholes are fixed, the street lights all work and the lane markings are always re-painted.


Where does all the money go

NextGovernor:


You are wrong in your calculation man. The actually revenue gotten from that place from your calculation should be 1,224,000,000 (1.224 billion) daily not 122.4million.

From your question, it goes into the acclaimed Saint Tinubu's pocket. Where do you think he got those money stock in bullion van entering his house?

You will never hear anything but if it is a PDP politician the whole media must have be full..

jumobi1:
You made an error. Add a zero at the end because you went from N40000 to N4000

blujoi:
The money is used to repay the ‘company’ that renovated and expanded the Lekki-Epe expresway, according to Lagos state government. Remember there was PPP arrangement. But details are opaque and sketchy.

VaselineCrew:


Very sketchy bro and remember that Fashola was said to have bought the rights to that concession

https://www.pmnewsnigeria.com/2013/08/28/lekki-concession-lagos-explains-rights-buy-back/


Thanks of NextGovernor for correcting the mathematical error, we now know they make about 1 billion per month on that road. So in one year they'd make 12 billion. I wonder just how much that road in itself cost to build, that we would be paying them 12 billion a year.

That road from the toll plaza at lekki phase 1 to chevron drive is just 11 km, which is just about 7 miles. Think about it bro, we are PAYING 1 BILLION NAIRA A YEAR FOR A 7 MILE STRETCH OF ROAD.

Another illegality here is that fact that the road was in existence before and all of a sudden they added extra lanes and went ahead to inflict lifelong pains on citizens. You never see people advocating the removal of the toll at the lekki-ikoyi link bridge, cause that bridge never existed before and was created as a shortcut for people between lekki and ikoyi. Of course resident won't mind paying for that, but why would they pay for a road that has been there they were children, then one day one man just puts a gate there.

blujoi:
Truth is Lagos is an ATM for some group of persons. That’s just the way it is. Nothing lasts for ever, whatever is hidden today will be revealed in the future

donwhit:
Inside The belly of the whale

Igbokid:
Osu losers everywhere.. Tinubu is their headache

VaselineCrew:


I'm telling you, a real big blue whale

We shouldn't even be paying toll, but now that we are, they can't even maintain the road with all that huge money collected every month?

Shame!

litdutchboy:

Thief.nubu gets the proceeds delivered to his house through bullion vans and uses some of it to pay off thugs like MC Oluomo to rig elections and intimidate voters and maintain is $35 million dollar private jet.

NextGovernor:


You are wrong in your calculation man. The actually revenue gotten from that place from your calculation should be 1,224,000,000 (1.224 billion) daily not 122.4million.

From your question, it goes into the acclaimed Saint Tinubu's pocket. Where do you think he got those money stock in bullion van entering his house?

You will never hear anything but if it is a PDP politician the whole media must have be full..

bkool7:
[s]The toll is concessioned to private individuals[/s]

So the money goes to those pockets, for now

VaselineCrew:
Have you driven past the lekki-epe toll gate recently

If you have then you must have noticed that the roads are wearing fast, the lane markers have mostly washed away, the street lights don't work at night in most sections between phase 1 and Chevron.

So what exactly are Lagosians paying for? Why pay N200/N250 everytime one passes that road?

Since it's obvious that the money made from that road isn't used to keep the road in tip-top shape, then what is the money used for?


If there are 20 stalls and 10 cars pass per minute, each paying N200 then every minute the toll gate makes:

20 x 10 x N200 = N40,000

So for every hour we multiply this number by 60, so every hour the toll gate makes:

**edited, thanks to NextGovernor
N40,000 x 60 = N2,400,000

Multiply this number by 17 hours to be conservative instead of 24 hours, then every day the toll gate makes:

N2,400,000 x 17 = N40,800,000

Multiply this number by 30 days and we get the money made from the toll gate each month:

N40,800,000 x 30 = N1,224,000,000


Now you tell me if N1,224,000,000 every month is not enough for a sincere government to maintain that road and make sure that potholes are fixed, the street lights all work and the lane markings are always re-painted.


Where does all the money go

calmbabadee:


Writing an epistle doesn't confer the status of being wise or knowledgeable on someone.
From the concluding paragraph, you don't stay in Lekki, neither are you a frequent traveller on this route.

I need not say anything further. But remember people perish for lack of knowledge.