₦airaland Forum

Indian hemp is perfect for the job . But alcohol is a disgrace . But above all we need Jesus at the centre of it all.

What we need in Nigeria is state police and everybody should have their own personal fire arm

chiagozien:
And he's right
A common dialogue would have solved everything.

agreed . Seem like it was a personal beef between Buhari and mnk

Dogalmighty17:
You speak the truth. The eagles are an embarrassment to say the least.

they don't have ball control

Good news . At least he can safely face his trial .. but I've not heard any Bandit Declared fit b4

This is really sad I don't know why church is these days are very greedy

There is a place in Nigeria.. and that place is the headquarters of tribalism since 1902

Every kriminal is looking for soft landing. Like yahaya Bello like wike

This is the fruit of rigging

E nor get location or address ?

Please can you provide the source of this information so I can edit my post

Believeintruth:
But currently the government has paid to Hitech more than the 30% funding so who really is funding the project?

This is true . I did the maths .

https://www.nairaland.com/8538116/how-hitech-plan-recoup-18b

Here is the breakdown. 👉👉👉

How Hitech Plans to Recoup $18 Billion from Nigeria's Lagos-Calabar Coastal Highway Tolls


Nigeria’s ambitious 800km Lagos-Calabar Coastal Highway, linking five Niger Delta states, is a flagship project under President Tinubu, awarded to Hitech Construction Nigeria Ltd. for $15 billion. Hitech funds 70% ($10.5 billion), with the government covering 30%. Set for completion by 2031, the highway will feature six toll gates to recover Hitech’s investment plus a $3 billion profit—totaling $18 billion—over 15 years. Here’s how the tolls aim to deliver, with calculations based on an exchange rate of ₦1,666 per dollar.

### Financing and Toll Strategy

Hitech’s $18 billion target equates to ₦29.988 trillion, or ₦1.999 trillion annually (₦5.477 billion daily). Six toll gates, using modern multi-lane free-flow systems, will charge an estimated ₦3,000 per vehicle passage. This requires 1.826 million daily passages across all gates—about 304,000 per gate, split across both directions.

For a full-length trip (Lagos to Calabar), drivers pay ₦18,000 (₦3,000 × 6 gates). A round trip doubles to ₦36,000. To meet the revenue goal:
- *Daily vehicles (one-way)*: ~304,000, assuming each car crosses all six gates.
- *Round-trip scenario*: ~152,000 vehicles, paying double.
- *Per gate daily return*: ₦913 million (304,000 passages × ₦3,000), covering both directions.

### Is It Feasible?

The Lagos-Ibadan Expressway sees 100,000-150,000 daily vehicles. The coastal highway, serving ports and oil hubs, could surpass this with high freight and commuter traffic. However, economic pressures or toll evasion could challenge projections.

### Hurdles Ahead

Critics highlight environmental risks, transparency issues, and high per-kilometer costs ($15-18 million). Tolling, starting as early as December 2025 for completed sections, sparks debate over taxing a partly public-funded road. Yet, supporters argue tolls ensure maintenance, avoiding Nigeria’s pothole-ridden past.

By 2046, Hitech aims to turn this highway into a self-sustaining economic lifeline. Success hinges on traffic volumes and disciplined collections—time will tell if the numbers align.

Streetinvestor2:
The fraud called costal high way will end in 2027 after SW president is kicked out
Umahi will be the first to go to jail because of it

I think the coastal highway is a noble project . I seem to support it

🤣🤣🤣 Peter obi is always saying the truth no matter what

It's Indeed a legacy project.

Please what's going on

# How Hitech Plans to Recoup $18 Billion from Nigeria's Lagos-Calabar Coastal Highway Tolls


Nigeria’s ambitious 800km Lagos-Calabar Coastal Highway, linking five Niger Delta states, is a flagship project under President Tinubu, awarded to Hitech Construction Nigeria Ltd. for $15 billion. Hitech funds 70% ($10.5 billion), with the government covering 30%. Set for completion by 2031, the highway will feature six toll gates to recover Hitech’s investment plus a $3 billion profit—totaling $18 billion—over 15 years. Here’s how the tolls aim to deliver, with calculations based on an exchange rate of ₦1,666 per dollar.

### Financing and Toll Strategy

Hitech’s $18 billion target equates to ₦29.988 trillion, or ₦1.999 trillion annually (₦5.477 billion daily). Six toll gates, using modern multi-lane free-flow systems, will charge an estimated ₦3,000 per vehicle passage. This requires 1.826 million daily passages across all gates—about 304,000 per gate, split across both directions.

For a full-length trip (Lagos to Calabar), drivers pay ₦18,000 (₦3,000 × 6 gates). A round trip doubles to ₦36,000. To meet the revenue goal:
- *Daily vehicles (one-way)*: ~304,000, assuming each car crosses all six gates.
- *Round-trip scenario*: ~152,000 vehicles, paying double.
- *Per gate daily return*: ₦913 million (304,000 passages × ₦3,000), covering both directions.

### Is It Feasible?

The Lagos-Ibadan Expressway sees 100,000-150,000 daily vehicles. The coastal highway, serving ports and oil hubs, could surpass this with high freight and commuter traffic. However, economic pressures or toll evasion could challenge projections.

### Hurdles Ahead

Critics highlight environmental risks, transparency issues, and high per-kilometer costs ($15-18 million). Tolling, starting as early as December 2025 for completed sections, sparks debate over taxing a partly public-funded road. Yet, supporters argue tolls ensure maintenance, avoiding Nigeria’s pothole-ridden past.

By 2046, Hitech aims to turn this highway into a self-sustaining economic lifeline. Success hinges on traffic volumes and disciplined collections—time will tell if the numbers align.

Our great president has done it again that is why we love him so much

All these things happen close to dangote cement company in obajana yes people praise dangote for doing this and doing that but what is his impact in guaranting security close to the perimeter of his company

A governor joining a party do not mean his state electorates automatically votes that party

Be calming down

enemerci:
Please my stanbic mmf was not credited yesterday. Or they do not credit over the weekend. Please someone should clarify to a newbie

Lorbar:
Your responses will be appreciated please 🙏🙏

where the fibroids located ,

You are drinking too much monkey tail

Coldspice:
Yes na

The tribe of Kenneth Okonkwo
The tribe of Val Ozigbo
The same tribe with all LP Senators in the East decamping to APC.

You people should keep insulting other tribes. That home training you didn't get at home, you will get it by force.

The poor lady shouldn't have jumped down from that three-story building. Well I believe she was a strong Christian and she's at the bosom of the lord resting in peace but I wish he never jumped down but I cannot blame her because a lot of things run through the mind in situations like that

It seems as if one particular tribe is always quitting the obedient movement for some obnoxious reasons

What if the drone use thin line optic fibre cables . It cannot be jammed .. everyone is learning from Ukraine

Omotaday:
Jam their drones. Don’t we have EW equipments?

My brother the game is now up. Because a book Haram drone engineer can be doing doggy with his Muslim olosho and still remotely control a loitering drone from sambisa to any barracks nearby and drop the payload with devastating effects..

erico2k2:
Ok if they now have armed drones, E don be for Nigeria Army be that as them no get answer for that o ne ohhh,So right now them better go negotiate with BH cos which way ?

Goodluck Jonathan used the EO private armies from South Africa to obliterate Boko haram to the last LGA in Borno.

But agbadorians brought Buhari , and he cancelled the contract with executive outcome

This terrorist seem to be more advanced than the Nigerian army. Do you know the Nigerian army currently do not know how to use drone full stop in fact they don't even have a drone unit they don't even use drones for surveillance they don't even have attack drones they still use archaic fighter jets for attack and surveillance

This is sad. Why this please ..

Babygal2020:
Please will mutual funds withdrawal be taxed next year?

They have already started taxing it .

today stanbic ibtc interest is 17.54% with holding tax plus handling charges is about 2.8% now if you add 2.8% to 17.54% you will be having almost 20%

A very great woman woman of virtual woman of power woman of class woman of honor woman of dignity