₦airaland Forum

obailala:
I totally agree with you; $1.1billion for a 540mw gas plant absolutely doesn't add up.

Obi1kenobi:
This is interesting considering the $1.1 billion bill for 540 MW. Gas-powered plants are one of the cheapest to build (considerably cheaper than coal plants) and the median costs for most gas plants in developing countries is about $1000 per KW. So you'd expect a bill of between $500m to $600m for this particular plant. But in this country where every infrastructural project seems to be absurdly inflated, it's no surprise it's costing double that. And it's apparently one of the cheapest.

You look at the cost of the Ikoyi link bridge or Kwankwaso's Kano flyover, or the projected costs for the 2nd Niger Bridge, or the projected costs for the interstate rail projects per km (or even Lagos' rail project and Amaechi and Duke's monorails) compared to similar projects in countries like Tanzania, Ethiopia etc and something is terribly wrong with the process in awarding these contracts. So many rotten scumbags feeding fat off the country.

Spylord48:
Signing of MOU isn't the problem. The problem is will the project be actualized or will they commission it on paper as usual?

QIPP was jointly developed by African energy infrastructure company, Black Rhino Group, Dangote Group and the NNPC

By Clement Nwoji
Abuja — The Federal Government, represented by the Nigeria Bulk Electricity Trader (NBET), has signed a Power Purchase Agreement (PPA) with Qua lboe Power Plant Limited (QIPP) to build a 540MW gas-fired power facility worth $1.1billion in Akwa Ibom State.

Furthermore, the QIPP, NBET, Nigerian National Petroleum Corporation (NNPC) and the Ministry of Finance struck a Put/Call Option Agreement (PCOA). The Minister of Power, Works and Housing, Babatunde Fashola, who presided over the event yesterday in Abuja, explained that the PCOA details the government's obligations supporting QIPP's PPA.He noted that the agreement marks another effort to increase power supply nationwide.

QIPP was jointly developed by African energy infrastructure company, Black Rhino Group, Dangote Group and the NNPC, following the purchase of the rights to develop the project from Mobil Producing Nigeria Unlimited, a joint venture between ExxonMobil subsidiary, Mobil Producing Nigeria and the national oil company.

Fashola noted that QlPP would be one of the lowest cost thermal power plants in the country due to its efficient design and competitive gas price. The project is to get gas from Mobil Producing Nigeria under a 20-year Gas Sales Agreement via a new 400mmscfd undersea gas pipeline from the oil firm's existing offshore production facilities.

The power plant also unlocks investment in transmission infrastructure, including a new 58 kilometres transmission line to be built by QIPP.Black Rhino Chairman, Emir Muhammadu Sanusi II, said: "QIPP will utilise Nigeria's gas resources to increase our electricity generation capacity and reduce the cost of power. QIPP is an example of how the Federal Government and private investors can work together to develop infrastructure that has a real socio-economic impact in our country."

The Chief Executive Officer, Brian Harlihy, said the project would further catalyse investments in infrastructure nationwide and support government in building a sustainable power sector that works for all Nigerians.

The President of Dangote Group, Aliko Dangote, said: "By closing the gap between Nigeria's generation capacity and the energy required to underpin economic growth, we are supporting Nigeria's future industrial growth."

NNPC's Group Managing Director, Dr. Maikanti Baru, pledged the joint venture would work to support the plant in line with government's initiatives for power sector development in Nigeria.

QlPP benefits from a World Bank-approved $150 million Partial Risk Guarantee, and an Environmental Impact Assessment and Resettlement Action Plan approved by the Federal Ministry of Environment.

The project will continue with the advancement of its project finance programme and seek to reach financial close in second half of 2018. QIPP is expected to commence construction shortly thereafter and commercial operations in second half of 2021.

MyNewJackeT:
Even Ebonyi the poorest state in the east pays, although not every time but they try, No state in the West pays state allawee. I'm not talking about private I'm talking of corpers working with government.

QUOTE ME ANYWHERE

infact Osun and Ogun has not paid corpers since 2013

Michael 004 prove me wrong.

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laudate:
I read this post and I was like -... hehehehe!! Impersonation is a crime, o! You had to pretend to be a Yoruba man, because you wanted to advertise your products?

[img]https://media./images/3144ffe3b96db346eca126ab1c30bd8f/tenor.gif[/img]

IkpuMmadu:
Anambra state has the highest number of celebrities and successful people ever in Nigeria. This isn't a bragging contest but to make sure that the younger Anambra people that are coming up will look up to role models in all sectors of economy and emulate them. A call to celebrate these folks and not to blow ones trumpet
.
1. Phyno(Music)
2. E-Money(Music)
3. P-square(Music)
4. Zoro(Music)
5. Pete Edochie(Movie)
6. Yul Edochie(Movie)
7. Oge Okoye(Movie)
8. Ngozi Ezeonu(Movie)
9. Kcee(Music)
10. Flavour(Music)
11. Mikel Obi(Football)
12. Chimamanda Adiche(Literature)
13. Chinua Achebe(Literature)
14. Oliver D' Coque(Music)
15. Osita Osadebe(Music)
16. Bob Manuel(Movie)
17. Chioma Chukwuka(Movie)
18. Jim Iyke(Movie)
19. Chidi Mokeme(Movie)
20. Chika Ike(Movie)
21. Philip Emegwali(Science)
22. Illbliss(Music)
23. Emeka Offor(Business)
24. Cletus Ibeto(Business)
25. Chuba Okadigbo(Politics)
26. Chukwuemeka Ojukwu(Politics)
27. Nnamdi Azikiwe(Politics)
28. Oby Ezekwesili(Politics)
29. Dora Akunyili(Health)
30. Charles Soludo(Finance)
.
Being an Anambra person automatically increases your chances of being successful by 42%
No other states dominates multiple industries as much as Anambra does
Anambra people are allergic to poverty
Anambra businessmen are born with the ability to transform N100 into N100million.
.
Anambra WE TOO MUCH!!!


If we don't celebrate them ...who will ?
.
.
What about your state?? Who una get? This is the first 11 we would look at the 2nd eleven



strength

MyNewJackeT:
guys I just wonder why you guys keep shouting IGR but your governor can't pay salary not to talk of NYSC 5K but you keep coming here to shout IGR.

like I've never been to oshogbo before to see mud houses there.

IGR is not a measurement of wealth.

ogun state where people with no deformity beg for a living.

when i come out of a bank beggars crowd me and I'm like WTF

Macelliot:
[s][/s]
you called it poverty, because 99% of their own generated resources were controlled by them(south east). No FG present.

You only reap where you sow.

https://www.factchecknigeria.com/wp-content/uploads/2017/07/Igbo-governors.png



Our review relies on the said states’ Internally Generated Revenue (IGR) figures from an official source – National Bureau of Statistics (NBS). According to the Bureau’s Statistics Calendar found at http://www.nigerianstat.gov.ng/information/calendar, IGR information is published once a year. The latest statistics are published under the heading – Full Year 2016 States Disaggregated Internally Generated Revenue and can be found here.

The NBS report is 47 pages long, however the relevant facts are on page 40. Please note that the latest available figures published in the report are for full year 2016. A review is shown in the following table:


https://www.factchecknigeria.com/wp-content/uploads/2017/07/SE-IGR-vs-Ogun-v6-2-1024x382.jpg


Anambra State’s 2016 IGR numbers were not provided in the NBS report

Scenario 1 shows Anambra’s actual IGR numbers from 2015 as 2016

Scenario 2 shows Anambra’s IGR numbers from 2015 with a growth of 24.85% (This is the state’s Compound Annual Growth Rate from 2012 to 2015).

Scenario 3 shows Anambra’s IGR numbers from 2015 with a growth of 41.50% (This is the state’s year-on-year growth rate from 2014 to 2015).



Total IGR reported by NBS for the 5 South Eastern states in 2016 amounted to N35.14bn which is less than Ogun State’s reported IGR of N72.98bn for the same period. However, the total of N38.14bn does not include Anambra State’s IGR for the period.

Thus, the available data is incomplete and cannot be a correct and accurate basis for comparison of the internally generated revenue from the South East (SE) region and Ogun State.

However, if one could assume that Anambra state’s IGR would remain at the 2015 level of N14.79bn, total IGR for the 5 SE states becomes N49.94bn, which is less than Ogun State’s IGR for 2016.

Alternatively, if one could assume that Anambra state’s IGR would grow at the Compound Annual Growth Rate (CAGR) of 24.85%, same as the CAGR recorded by the state from 2012 to 2015, total IGR for the 5 SE states becomes N53.61bn, which is less than Ogun State’s IGR for 2016.

Or, if one could assume that Anambra state’s IGR would grow at the state’s 2015/2014 year-on-year growth rate of 41.50%, total IGR for the 5 SE states becomes N56.08bn, which is less than Ogun State’s IGR for 2016.


[Caveat: When Anambra’s official 2016 IGR figures are eventually released, if the State’s IGR is at least N37.84bn, then we will be able to revisit this, and conclude that Ogun State’s IGR is less than that of the 5 SE states.]


http://www.factchecknigeria.com/facts/aggregate-igr-five-se-states-less-ogun-state/

Osun Assembly passes N146.6bn 2017 budget

https://www.vanguardngr.com/2017/06/osun-assembly-passes-n146-6bn-2017-budget/

Anambra budgets N115bn for 2017

https://www.vanguardngr.com/2016/12/anambra-budgets-n115bn-2017/

Desyner:
Switch moniker and you will still remain the same daft mørøn you are.

Let me reply just the bold.
I never said or implied schools shouldn't be built. I opposed building schools to the point salaries and other recurrent expenditure suffer.
Aregbes justification for doing free feeding was that the people of Osun are so hungry and can't even pay tax (around 2013 thereabout) so who are you to build stùpíd argument on the assumption they aren't poor and hungry? You stupìdity cuts accross monikers.

https://d19lga30codh7.cloudfront.net/wp-content/uploads/2016/12/ANAMBRA-HGFSP-67-e1481655691759.jpg

https://d19lga30codh7.cloudfront.net/wp-content/uploads/2016/12/ANAMBRA-HGFSP-9-e1481655628227.jpg


https://d19lga30codh7.cloudfront.net/wp-content/uploads/2016/12/ANAMBRA-HGFSP-65-e1481655707146.jpg

Here are photos from Anambra homegrown school feeding programme

Homegrown School Feeding Programme in Anambra State

https://www.vanguardngr.com/2016/12/photos-homegrown-school-feeding-programme-anambra-state/

:

Anambrab is fourth largest economy in Nigeria
Most indigenous industrialized state in Nigeria
Second in commerce after Lagos this is fact, most of you are ignorants, Osun edge Anambra on child mortality rate not poverty rate, on the table minus Lagos home for all tribes in Nigeria and foreigners southeast still beat west.

kn23h:
You're equating Yorubas to the Spain of Europe. You Ibos really see Yorubas as one powerful oppressor, yet you call yourself the smartest and rich tribe in Africa. You see yourself as a minority tribe besides Yorubas and Hausas.

God bless the Yoruba nation.


https://upload.wikimedia.org/wikipedia/commons/thumb/e/ec/Drawn_love_hearts.svg/120px-Drawn_love_hearts.svg.png


https://static.pulse.ng/img/incoming/origs5640262/1775565733-w644-h429/It-is-advisable-to-buy-Aso-ebi-but-even-if-you-don-t-you-have-to-slay.jpg

www.nairaland.com/attachments/4724772_img0188_jpeg88d099ad9986f13270467e890f6941f9

seguno2:
You are obviously not a Yoruba.
Otherwise you will understand that:

A ji sebi Oyo l’aari, Oyo kii se bi enikan

We are pacesetters in good golden standards of omoluabi.
Do you know better than Aregbesola on half salaries payment
Your paymasters don’t measure up. Bloody corrupt rogues and hypocrites.

Putinofrussia:
Yorubas are just like the first world people..they travel to countries that are better or like theirs.YORUBAS will either enjoy their blessed region or travel abroad e.g LONDON .Who will come to the East where all its sons and daughters are running from?

sarrki:


Its a shoddy job they have done

I know this particular bridge very well

When you are coming from Onitsha its the second one inside awka .

Putinofrussia:
Na Rwanda this one dey abi na Anambra.Patch patch project.

koladebrainiac:
lol
Igbo be dey live in delusion since.
when they want to brag they say SE is better than all Nigeria
when they want to play victim they say they are being marginalized.

awon oniro olorunnnn dirty looking folks

Desyner:
.To whom much is given much is expected. Even if I pull out the achievements of SE governors it will never justify the fiscal chaos Osun has been put in. Your problem appears to be the I-better-pass my neighbour bug. I am not the imaginary neighbour you take me for

Desyner:
You not only made weak/invalid points, you also repeat them. It speaks alot about your character.
Is there any sin balancing projects with IGR that will sustain those projects? Your fiscal rascal of a governor has borrowed to deliver unmaintainable project and I think any average thinking Nigerian will agree we lack maintenance culture in Nigeria. Where will the money to pay workers come from if Aregbe can't pay the current low salaries he is suppose to.
You think awarding contracts on debt makes him genius or what exactly are you about here?
Taking debt to do infrastructure is not what I am against, excessive debt is what I am against. Aregbe gambled heavily on FG allocation and it backfired spectacularly.
Before you reply me think properly so you don't contradict yourself like you did under mapet handle in the other thread.

Danniscott:
You made no sense in your assertions and comparison. Different projects with different plans. You circle one thing and carry it to Nairaland to showcase yourself.

The truth is that Anambra people don't care and they want to #ReElectObiano. I'm sorry you cant do anything to change that.