Ofodirinwa:
The highway is unbuildable because the terrain won't allow something of that scale.
It will constantly flood while also blocking the hundreds of waterways it has to cross, and the amount of bridges that need to be built will be cartoonish.

It is achievable

I'm very sure that under Obasanjo regim, a kilometer road was around 1billion plus

When former President Olusegun Obasanjo awarded the contract for the East West Road project late in 2006 in the heat of violent agitations by youths of the Niger Delta, there was unending joy and euphoria in the oil-bearing region as the road held great promises. Beyond the social and economic importance of the road, Obasanjo conceived it as a means to quench the fire of militancy in the oil region.

A 675km dual-carriageway meant to open up the entire Niger Delta states, linking them one to another as well as with the industrialized South-West region of Nigeria, the East West Road stretches from Calabar in Cross River State to Warri in Delta State, with an additional 23.9km included by former President Goodluck Jonathan to link Calabar with the oceanic town of Oron in Akwa Ibom State.
The road was conceived to link all major oil towns, beginning from Oron in Uyo to Calabar across Cross River and the Atlantic Ocean, up to Itu and Eket (Akwa Ibom), Port Harcourt and Ahoada (Rivers), Kaiama (Bayelsa), and Warri (Delta), up to Benin. From there, a traveller to Lagos would link up Okada Town (Edo), straight down to Ore, Sagamu, and then Lagos.
It was going to be a great relief to Niger Deltans because before the road was conceived, a traveller from the eastern wing of the Niger Delta would go through Aba, Owerri, Onitsha and Asaba before linking up to Benin and from there to Lagos or any other part of the South-West.
Ten years after, however, controversies still trail the project despite huge sums so far sunk into it. The project is far from completed even as road users lament the bad state of several sections of the road.


Section II-I (Port-Harcourt-Ahoada-Kaiama) in Rivers State from N29.9bn to N48.9bn; and Section II-II (Ahoada-Kaiama) in Rivers/Bayelsa States from N44.8bn to N84.759bn. A sum of N671 million was on October 24, 2012 approved for the contract for consultancy services for the engineering design of the extension of the East-West Road (Section IV) from Oron in Akwa Ibom State to Calabar in Cross River State awarded to Messrs Siraj Nigeria Limited. In 2014 alone, a total sum of N479.2 billion was approved for the project. On October 22, a sum of N165.25bn was approved for the construction of Phase I, Section V of the road from Uyo/Oron Roundabout in Akwa Ibom State to Calabar-Odukpani Road in Calabar, Cross Rivers State, awarded to Messrs China Civil Engineering & Construction Company (CCECC).
“The FEC also approved N269.383 billion as ‘revised estimated total cost 2’ for the variation of engineering construction contracts for the dualisation of the East-West Road, Section I (Warri-Kaiama) in Delta State and Section II: Subsection II-I (Port Harcourt to Ahoada) in Rivers State and Subsection II-II (Ahoada-Kaiama) in Rivers/Bayelsa States awarded to Messrs Setraco Nigeria Limited. On November 12, 2014, a sum of N43.9 billion was approved for the upgrading of the 15km of the Section III of the road: Port Harcourt, from Eleme Junction to Onne Port Junction in Rivers State, awarded to Messrs Reynolds Construction Nigeria Limited. The Federal Executive Council, on December 3, 2014, approved N661.33 million for engineering supervision of the construction of Section V of the road (Oron-Calabar), Phase I in Akwa Ibom/Cross River States, awarded to Messrs Siraj Nigeria Limited. The former Minister of Niger Delta, Oru, had late last year disclosed that the East-West Road, initially scheduled for completion in December 2013, had to be shifted to the first quarter of 2015 because of inadequate funding. These sums give a total of N726bn.”



travellers. These sections were majorly handled by Reynolds Construction Company.
Our findings also show that work on a bridge across the Qua Iboe River in Eket LGA stopped after the major concrete work was done. Contractors have returned to the site of the bridge with their equipment several times but have also pulled out as often without completing the bridge.
It was gathered that a section of the road from Oron, a coastal town in Akwa Ibom State that would link it with Cross River State through a bridge, has yet to commence, though the design for the bridge has been completed.
In the Eket area, part from lack of funds, there was also the issue of the redesign of a section of the road in Eket town due to the number of houses affected in the original design which also caused a considerable delay in the execution of the project.
It was gathered that while the Ministry of Niger Delta Affairs insisted on a new design to avoid the payment of compensation to a huge number of property owners affected by the construction of the road, the community insisted that the original plan should be strictly adhered to.


No hope yet
Many had expected that the project would have been completed under Jonathan, a son of the soil. But in view of Jonathan’s exit without completing the project, coupled with declining financial fortunes from oil, many now wonder whether the road would ever be completed. The worst hit seems to be the Oron-Calabar section which is yet to start, even though the NDDC said it was offering palliatives on the Calabar axis pending the full action of the Federal Government. It is also believed that completing the Rivers and Ughelli axis could at least link the road up from Benin to Uyo.
Many who spoke to BDSUNDAY, however, say in order to complete the EWR, there may be need for a probe first of all, which may open another can of worms.
Ignatius Chukwu, Aniefiok Udonquak, Mike Abang & Mercy Enoch
















https://www.google.com/amp/s/businessday.ng/uncategorized/article/hope-dims-for-n726bn-east-west-road-project/%3famp=1

caracas:

Point of correction dollar has not crashed, he met the dollar at abut 500 to 700 hundred naira so until he takes it to 300 or 200 hundred then we can say it has crashed….

We will get there

cigaricon:


When the dollar rose, did fuel price increase?

BAT covertly payed fuel subsidies when pressure was mounted on him

Tinubu please tell dangote to follow the exchange rate in determining fuel price. As dollars crash, fuel price two must crash

Many Nigerians are hypocrites, they cause problems secretly and come out to complain

CodeTemplar:
then why is the reserve going down?

The reserve had increased shortly before it goes down a little bit

If the reserve is what they use to defend the naira where did the CBN see the 7 billion dollars it pays the airlines?

The reserve should have gone down more than that

Pressure on naira was not real. Naira was falling due to irresponsible attitude of some Nigerians like those who collect school fees in dollars, governors converting FAAC to dollars to make it easy to steal and bureau de change profiteers.

https://www.youtube.com/watch?v=ID7ym-6AxlA?si=WNnOCgv5KUgPAI2s

May God bless Tinubu

May God bless Nigeria

Where are those saying source of dollars is from Nigeria foreign reserve?

A breakdown of top sources of FX inflows According to Data from FMDQ, March inflow recorded a 41.7% improvement over the $2.64 billion recorded in February 2024, with local sources accounting for 59% of the total transactions and foreign sources contributing 41% of gross transactions.

A breakdown of the inflows shows that local sources rose by 43.2% monthly to $2.21 billion in March compared to $1.54 billion recorded in February, caused by individual accretions. Inflows from individuals rose by $405.8%, while non-bank corporates and exporters rose by 157.7% and 14.6%, respectively. Meanwhile, the Central Bank of Nigeria (CBN) inflows declined by 65.7%. Collections from foreign sources spiked by 39.6% monthly to $1.54 as against the $1.1 billion recorded in February, which represents a 50-month high as investors showed positive interest in CBN’s initiatives and improved FX interventions aimed at boosting liquidity and the stability of the Forex market. Read more: https://www.legit.ng/business-economy/economy/1587137-dollar-inflow-fx-market-surges-highest-3-years-report-shows-top-sources/?fbclid=IwAR16WUmovweA48k2D8WnWuDau-NR6GWUq9yG_-CEqrgPEQ2XXLQGtgatec4







Dollar Inflow to FX Market Surges to Highest in 3 Years, Report Shows Top Sources Tuesday, April 09, 2024 at 11:50 AM by Pascal Oparada Forex inflow into the Nigerian foreign
exchange market rose to a three-year high in March 2024 The total FX inflows into the Nigerian Autonomous Foreign Exchange Market stood at $3.75 billion for March 2024 Data from FMDQ shows that local, foreign and CBN sources contributed significantly to the FX inflows Foreign exchange inflow into the Nigerian Autonomous Foreign Exchange Market (NAFEM) rose in March 2024, reaching the highest monthly level over three years. The total forex inflow recorded for the month under review stood at $3.75 billion. Nigeria records highest dollar inflows in three years













Credit: Bloomberg/Contributor Source: Getty Images Read more: https://www.legit.ng/business-economy/economy/1587137-dollar-inflow-fx-market-surges-highest-3-years-report-shows-top-sources/?fbclid=IwAR16WUmovweA48k2D8WnWuDau-NR6GWUq9yG_-CEqrgPEQ2XXLQGtgatec4

.

https://www.youtube.com/watch?v=TN_HXiGOcAs?si=hHKG_EIm3hQFpDyX

B

She deserves more reward

H

https://www.youtube.com/watch?v=PjJIh3Hfn1I?si=p7UVht1W9Hl_NZyO

A glide bomb or stand-off bomb is a standoff weapon with flight control surfaces to give it a flatter, gliding flight path than that of a conventional bomb without such surfaces. This allows it to be released at a distance from the target rather than right over it, allowing a successful attack without exposing the launching aircraft to air defenses near the target.[1] Glide bombs can accurately deliver warheads in a manner comparable to cruise missiles at a fraction of the cost—sometimes by installing flight control kits on simple unguided bombs—and they are very difficult for surface-to-air missiles to intercept due to their tiny radar signatures and short flight times. The only effective countermeasure is to intercept launching aircraft before they approach within range, making glide bombs very potent weapons where wartime exigencies prevent this.[2]

https://en.m.wikipedia.org/wiki/Glide_bomb

Reason Why obidients are crying 😭

Someone I know borrowed 18,000,000naira from a Money Lender to buy $10,000 at 1,800naira to $1 in February to payback 19,000,000naira in May (3months) when the dollar gets to say 2,000naira or more.

Today, that 18,000,000naira is worth 11,000,000naira at 1,100naira to $1. He is now looking for where to get extra 8,000,000naira to clear his debt as the 3months is fast approaching.

He used his bungalow as a collateral. The problem now is that before May, the money fit further reduce to 9,000,000naira at 900naira to $1 making him need an extra 10,00,000naira from outside to get back his house.

By Chim D Ebere

Via SWA





https://www.facebook.com/100050631662250/posts/pfbid02oZ1dd9MPR2wZcUvvxurzqfrUAUBw8NHEMHBwzDkPRewLaqi9ZxLQd2vCC5Q3Stdal/?app=fbl

DMerciful:
Yet you guys were fighting SS/SE because of useless Buhari that was ruining the economy and looting recklessly

Because even though Buhari had his own short comings, those who contested against him were even worse

hisgrace090:
Buhari the hand work of tinubu is evil personified.

His knowledge about how economy works is shallow

One of the reasons why NNPC can not supply local refineries is because Buhari government sold crude oil in advance in a contract that ends in June

https://www.youtube.com/watch?v=_WasUb0-Ve8?si=aXEPZOeGvZhStZD_