helinues:


Abeg, make una stop displaying una half baked knowledge about things. So if you have millions in trading and gained N15, how much do you think that would be ?

Una hatred for una country don dey make reasonable number of you guys to be misyarning

If they are not satisfied with the profit they should quit the business

OfficialAPCNig:

You that is not lying, are you aware that a KM of standard rail guage costs $6.9 million?

That's over 6 billion Naira.

😂😂😂😂

We are talking about the concrete road

A serious governor should build more schools and renovate old ones at same time

Peter Obi is useless

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Biodun556:
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OfficialAPCNig:
Ignorance is a disease.

Going by the agenda you're trying to set, the 700 KM Lagos-Calabar coastal road which costs over #15 trillion is about #210 billion per KM.

But that is not how it works.

I'll spare a minute to educate you and other ignoramuses.

Port Harcourt road is a 6.7KM, 6-lane road, making a total of 40.2 KM. So, at #30 billion, the project cost works out #746.3 million per KM. So, Abia State government is spending less than #800 million per KM.

Again, the coastal road doesn't cost #4 billion per KM.

The project costs #15 trillion and #15 trillion for a 10-lane 700KM is around #21 billion per KM. The project is a PPP between the FG and Hitech bears the bulk of the financial burden. The #4 billion you quoted is FG's share of the cost per KM, while the private sector will source the other #17 billion per KM.

The FG is spending a little over #2 trillion on the entire project, while Hitech will source the other #13 trillion, that's why the road will be tolled at #1,500 per car to recoup the cost.

To even make it clearer, the road will carry a standard guage rail track and the average cost of constructing a KM in Nigeria is $6.91 million, which is over N6bn today.

If rail track alone will gulp N6bn, now how FG wan use N4bn to construct a KM of 10-lane road.

😂😂😂😂😂

Stop lying


Dave Umahi said it cost 4 billion naira per kilometer

And total cost is 2.8 trillion

Blaze14k:


Ok use that same N4billion and multiply 700km and see if you get 15trillion. Or are you now saying the total cost of construction is now worth 2.8trillion?

Dave Umahi said it himself that it will cost 4 billion naira per kilometer

OfficialAPCNig:
Ignorance is a disease.

Going by the agenda you're trying to set, the 700 KM Lagos-Calabar coastal road which costs over #15 trillion is about #210 billion per KM.

But that is not how it works.

I'll spare a minute to educate you and other ignoramuses.

Port Harcourt road is a 6.7KM, 6-lane road, making a total of 40.2 KM. So, at #30 billion, the project cost works out #746.3 million per KM. So, Abia State government is spending less than #800 million per KM.

Again, the coastal road doesn't cost #4 billion per KM.

The project costs #15 trillion and #15 trillion for a 10-lane 700KM is around #21 billion per KM. The project is a PPP between the FG and Hitech bears the bulk of the financial burden. The #4 billion you quoted is FG's share of the cost per KM, while the private sector will source the other #17 billion per KM.

The FG is spending a little over #2 trillion on the entire project, while Hitech will source the other #13 trillion, that's why the road will be tolled at #1,500 per car to recoup the cost.

To even make it clearer, the road will carry a standard guage rail track and the average cost of constructing a KM in Nigeria is $6.91 million, which is over N6bn today.

If rail track alone will gulp N6bn, now how FG wan use N4bn to construct a KM of 10-lane road.

😂😂😂😂😂

You a liar

Dave Umahi said it himself that it will cost 4 billion naira per kilometer


The amount you quoted probably includes compensation for the affected properties it is true

seanfer:


This is the dumbest explanation.
How many bridges are there in the coastal road?
How many bridges are in the 6.7klm road in Abia state.?

Including compensation for the affected properties

Dave Umahi said it himself that it 4 billion naira per kilometer

They should dismantle their refineries and bring the parts to Nigeria

Biodun556:
N

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Sergio107:
We have more pressing issues

At least 2 working refinery should be the priority for now

Tinubu government has prioritize 4 govt own refineries

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Pentagon007:
How do i access this Meta AI? Is it to be downloaded from Playstore?

It is on Whatsapp

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B

tiger28:
Good!

They were all buying Dollars to hoard.....thinking that Dollar will be 2k .........as predicted by our EMERGENCY Nigerians.

Exactly

Dangote sells 1000 per liter marketers sells at 1500 per liter is that not too much?

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A Bureau de change (BDC) operator identified as Abubakar Mannir has been accused of defrauding the Chief Executive Officer of Allkraft Technology and Industries Limited, Mr Manas Das, of $737,015.00.

It was gathered that Das, a Nigeria-based Indian contacted the Bureau de Change operator, who operated under Emirates Booth Company, to purchase the United States dollars (USD) under three agreements, totalling $900,000.

The General Manager of Allkraft Technology and Industries Limited, Abdulrahman Abubakar, in a statement, said that 100 per cent of the Naira equivalent $900,000 was transferred from Allkraft to Zenith Bank account of Emirates Booth in December 2023.

However, trouble started when Mannir was said to have paid Das only $162,985 through Emirates Booth but allegedly fled without paying the balance of $737,015.00.

Abubakar said, “The contracts were supposed to be fulfilled in November 2023, but the Emirates Booth owned by Mr. Mannir cited a delay and finally agreed to make the transfers from January 15, 2024, to January 19, 2024. By that time, Mr. Manas Das had travelled to Abuja, from where the remittance was scheduled to be transferred.

“Mr. Mannir was scheduled to meet with members of staff of both companies (Allkraft Technology and Industries Limited and Emirates Booth) on January 14, 2024, for a dinner meeting to discuss and ensure that payments were made the next day.

“The last call I received from Mr. Mannir was on January 14, 2024, at about 5pm, informing that members of both companies would meet at about 7pm but the meeting never held

“The next day, after contacting the Emirates Booth office, including its managers and assistants, it was suspected that something was wrong.

“Staffers of both companies travelled from Abuja as early as 5am to Kano where it was confirmed that Mannir had disappeared. We had to report the case to the Police.

“Inspite of regular follow-ups with the police from that day until date, Mannir could not be traced and the money is yet to be recovered.
“The police informed us that Mannir had fled to Niger. However, we also know that he is in contact with his family because there are recordings of his conversation with his mother.

“The victim has been pushed into deep financial trouble and he is now trying to borrow money to survive and pay salaries to the staff and labourers who used to work in the company. Most of them have stopped working because there is no money to pay their salaries,” he said via the statement.

Mannir’s mobile lines were not connecting when he was reached out to. His younger brother, Abubakar Imam, said that his brother has not contacted them yet as he has not been able to reach him.

“I don’t know his current location, so I can’t say exactly where he is,” he stated.

It was gathered that earlier this year, Mannir was released from prison over another fraud case with Zenith Bank.

The Kano State Police Public Relations Officer, SP Abdullahi Haruna Kiyawa, confirmed that the command was aware of the matter, adding that investigation had commenced.

https://leadership.ng/bdc-operator-defrauds-indian-businessman-of-737000/#:~:text=A%20Bureau%20de%20change%20(BDC,Mr%20Manas%20Das%2C%20of%20%24737%2C015.00.

Googledotcom:
Nigerians will so abuse this meta AI till it starts complaining that it's tired 😩😩

ClearFlair:


What you have done with it is what many governments will use as an excuse to regulate access to AI. You're causing harm for innocent people.

It is obvious you didn't go through the conversation

rinzaugustine:
You should have asked it who owns alpha beta

Ok

And the beer company in Anambra

I will do that

ClearFlair:
The average APC supporter is jobless and happy about their joblessness

What are you doing on nairaland if you are busy?

Continue...

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Biodun556:
B

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