₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,325,433 members, 8,421,970 topics. Date: Sunday, 07 June 2026 at 12:04 PM

Toggle theme

Aconomist's Posts

Nairaland ForumAconomist's ProfileAconomist's Posts

1 2 3 4 5 6 7 8 ... 18 19 20 21 22 23 24 25 26 (of 43 pages)

PoliticsRe: How Overpriced Is Nigeria's Second Niger Bridge? by Aconomist(op): 1:01pm On Feb 23, 2021
Officialgarri:
Don't be like this.

You talk about massive corruption when you clearly have little understanding of construction.
Construction is different from economics.

First, when a bill of work is being prepared, the rate used for an item in lagos cannot be same as that of the one in Onitsha.

Secondly, the site condition cannot be the same and it will influence the costing

Third, the specification of materials e.g the concrete grade would be different considering the span of the bridge.
The terrain is basically the same and the contractor is the same, which means the materials are the same. There is no grade of concrete that costs 10x as much. Is the bridge using solid gold rebar?
PoliticsRe: How Overpriced Is Nigeria's Second Niger Bridge? by Aconomist(op): 12:55pm On Feb 23, 2021
Officialgarri:
Don't be like this.

You talk about massive corruption when you clearly have little understanding of construction.
Construction is different from economics.
29 billion naira vs 414 billion naira -- you are really trying to justify this? I often call Nigerians monkeys, but even I didn't think it was this serious.
PoliticsRe: How Overpriced Is Nigeria's Second Niger Bridge? by Aconomist(op): 12:52pm On Feb 23, 2021
Put this on the front page. It seems like we don't have an investigative media in Nigeria.
PoliticsRe: How Overpriced Is Nigeria's Second Niger Bridge? by Aconomist(op): 12:50pm On Feb 23, 2021
qwertyboss:
hope you are in your right frame of mind...
check the figures very well...
why are people just myopic!
The Ikoyi Link Bridge cost only 29 billion for 1.4 kilometers while Second Nigeria is 414 billion for just 1.6 kilometers. The contractor (Julius Berger) is the same. The only explanation for this difference is massive corruption in both the Buhari and Johnathan administrations.
PoliticsHow Overpriced Is Nigeria's Second Niger Bridge? by Aconomist(op): 12:43pm On Feb 23, 2021
The second Nigeria bridge is a 1.6 kilometer bridge costing 414 billion naira (roughly $1.09 billion USD) according to Housing Minister Babatunde Fashola. But in 2013, the Lagos State government completed the 1.4 kilometer Ikoyi - Lekki link bridge for only $29 billion naira ($190 million USD at the time). How can the second Niger bridge cost 10x as much, despite being only 0.2 kilometers longer?

This suggests an almost eyewatering level of graft and corruption in either the Buhari or Goodluck Jonathan administrations. The Nigerian government is clearly not serious about fixing the country. It's either a revolution in 2023 or your children's children will suffer under this oppression.

Links:

https://nairametrics.com/2020/11/23/fg-says-second-niger-bridge-will-be-completed-in-2022-project-to-cost-n414-billion/

https://ab-tc.com/the-lekki-ikoyi-link-bridge-construction-pictures/

PoliticsRe: Roadside Traders Takeover Side Of New Lagos-Ibadan Rail line by Aconomist(op): 1:42am On Feb 16, 2021
funshint:
Isn't that Agege?! No need to talk further
@OP u lack sense!
It's not Agege. It's the new train. These clips were taken 3 days ago. See more.

PropertiesRe: Why Is Eko Atlantic Development So Slow? by Aconomist(op): 1:35am On Feb 16, 2021
WoundedLamb:
Lol... OP created an interesting thread but his terrible track record of tribalism has come to hunt him.
To be honest, you are right.
PoliticsRe: Roadside Traders Takeover Side Of New Lagos-Ibadan Rail line by Aconomist(op): 1:31am On Feb 16, 2021
CONFAMA:
Guy if you be igbo, then u no get sense because at this critical time, southerners are supposed to unite nationwide.
I am not Igbo.
PoliticsRe: Roadside Traders Takeover Side Of New Lagos-Ibadan Rail line by Aconomist(op): 1:14am On Feb 16, 2021
MayorofLagos:
But if those makeshift stalls are demolished now we will only hear cries of marginalization from non-Yoruba.
Let them cry. It must be demolished.
PoliticsRoadside Traders Takeover Side Of New Lagos-Ibadan Rail line by Aconomist(op): 1:03am On Feb 16, 2021
Nigeria is truly a zoo.

BusinessRe: Devakumar Edwin: Products From Dangote Refinery To Hit The Market By Early 2022 by Aconomist: 11:01pm On Feb 12, 2021
Na lie. Dangote always delays this refinery. The project is not even 50% complete.
BusinessRe: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Aconomist: 2:27am On Feb 12, 2021
SavageResponse:
Can they finish construction of this refinery in just over 2 years?
No, Nigerian businessmen always lie. Dangote said he would finish his in 2018. But it isn't half complete by 2021. Most of this refinery business is just a scam to get forex at a discounted rate.
BusinessRe: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Aconomist: 2:22am On Feb 12, 2021
djon78:
In business its called benchmark;
Whatever your competitor does or any moves they make you copy and follow suit.

And BUA advantage is that two of them are from the same region and has the financial resources and government patronage to match Dangote deal for deal

Which is still better than an individual monopolising everything.
Southern business men should follow suit although they can't match the government patronage these two enjoys
It's not just government patronage. Southern business men are just not smart. Ibeto should be following these two into manufacturing. But all he wants to do is import import import like a stupid black monkey.
BusinessRe: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Aconomist: 2:18am On Feb 12, 2021
Reference:
3 years.... Must be a relatively small one, perhaps a modular design.
Do you believe him? Dangote said his Refinery would be done in 2018 --- now its 2021, and it isn't half complete. BUA's own wont be finished until 2026-2017. And 200,000 BPD is not a modular design.
BusinessRe: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Aconomist: 2:15am On Feb 12, 2021
tito44:
When this country divides, the refinery and Dangote's own will be nationalised
If you do that you will sink your countries. Nationalized refineries don't work in Nigeria-- look at NNPC. When will you stupid monkeys realize this?
PoliticsNigeria Consuming All It's Agricultural Land To Build Bungalows by Aconomist(op): 11:33pm On Feb 11, 2021
According to Al Jazeera news, Nigeria's insatiable demand for single-family homes is consuming agricultural land and leading to illegal evictions of farmers. But when I tell Nigerians to build taller buildings to house more people, they say tall buildings are not African culture.

Continue covering your entire country with Bungalows, monkeys.


https://www.youtube.com/watch?v=E6oZFZIwJUI
CrimeRe: NSCDC Arrests 30-Year-Old Man For Defiling 12-Year-Old Nasarawa Girl (Photo) by Aconomist: 12:10am On Feb 11, 2021
Why do you people keep putting these horrible stories on the front page? It's very upsetting to be bombarded with this crap every time you open Nairaland, and it makes the country look extremely bad to the outside world. Why are Nigerians so addicted to this stuff?

The front page is full of rape, burning bodies, traffic accidents, etc. It's too much.
PoliticsRe: Amaechi: New Rail, Seaport Development Will Increase GDP Contribution By 7% by Aconomist: 4:54am On Feb 09, 2021
marvin906:
I don't understand that portharcourt to maduguri rail.. The only benefits I see is just easier transportation of military equipment from seaport to military base
Nigeria needs a coastal rail. And take that Asian monkey out of your post.
Science/TechnologyRe: Smallest Reptile On Earth Discovered In Madagascar by Aconomist: 10:42pm On Feb 07, 2021
Buhari's ancestor

PoliticsRe: If Nigeria Divide Today, Will The Akwa Cross Region Join The Biafran? by Aconomist: 10:39pm On Feb 07, 2021
Igbos are honestly too tribalistic to coexist with other groups.
PoliticsNigeria Needs RUGA Right Now by Aconomist(op): 5:20pm On Feb 07, 2021
Build it in Daura, Katsina State.
PropertiesRe: Why Is Eko Atlantic Development So Slow? by Aconomist(op): 5:17pm On Feb 07, 2021
Lordbinsmar:
How do you put other countries to shame by completing a project? Are those countries part of the reasons why the project is not completed?
This is a form of shallow reasoning.
You don't understand the expression.
PropertiesRe: Why Is Eko Atlantic Development So Slow? by Aconomist(op): 4:22am On Feb 07, 2021
ProtectMyMoney:
History shows the Sea of the Bar beach used to overrun its banks and flood everything on that Bar beach road.

Eko Atlantic developers looked at Dubai and decided to sand fill Bar beach to reclaim years of lost coastline from the Sea.

I think most companies choose to be on the path of history and safeguard their investment elsewhere where they can sleep with two eyes closed and not worry too much about flooding from the Sea
.
Bro, there is literally ZERO chance of the place flooding. It's built at a 10 meter elevation above sea level. Nigerians are too scared of everything. The builders are Eko Atlantic tested it to last 1,000 years.
PropertiesRe: Why Is Eko Atlantic Development So Slow? by Aconomist(op): 1:26am On Feb 07, 2021
Otunana:
Show off..why not buy the whole of Lagos..
40 million naira is a normal price to buy or build a house in Lagos. That's not showing off.
PropertiesRe: Why Is Eko Atlantic Development So Slow? by Aconomist(op): 1:16am On Feb 07, 2021
Here is the completed Blue Water tower. They are selling apartments here for as little as $103,000, which is like 40 million naira. This is extremely affordable for a modern condo with 24/7 electricity, etc. The problem is that the location sucks. If they built something like this in Eko Atlantic, I would have bought multiple units.

Building is developed by a Lebanese firm with financing from a Nigerian-owned private equity firm.

PropertiesRe: Why Is Eko Atlantic Development So Slow? by Aconomist(op): 12:53am On Feb 07, 2021
Here is another nice apartment block from Cadwell. Surpised that Nigerians have tastes like this. Doesn't even look like Africa.

PropertiesRe: Why Is Eko Atlantic Development So Slow? by Aconomist(op): 12:43am On Feb 07, 2021
kingsavage:
igbo man mind your worthless piece of shit unpleasant region and leave SW alone
I am not an Igbo whatsoever.
PropertiesRe: Why Is Eko Atlantic Development So Slow? by Aconomist(op): 12:43am On Feb 07, 2021
Philipponzaghi:
Who owns Cadwell?
Here are the owners.

PropertiesRe: Why Is Eko Atlantic Development So Slow? by Aconomist(op): 11:40pm On Feb 06, 2021
Here is the Cadwell Sphere. This one was also built in view of Eko Atlantic, but they decided to stay in Ikoyi. Cadwell is my favorite developer in Lagos. They are a fully-indigenous company and they like to clad their buildings in dimension stone, which gives it a classic and timeless feel.

1 2 3 4 5 6 7 8 ... 18 19 20 21 22 23 24 25 26 (of 43 pages)