₦airaland Forum

ZUBY77: Dear Lagos state,
The federal govt is trying to privatize these things for effective management. Why would it sell it to another govt establishment?
Govt regimes are bound to change every four or eight years in every state. How do you plan to transit from the current govt to the future one especially when it comes to these structures. No, we want it in the hands of individual companies .

I will not be surprised when the bigots turn this into ACN vs PDP

In their arrogance they put Hausas down and you would think that they are very powerful. But Hausas know them to be powerless hence when they like it they kill a few Igbos. And what do Igbos do when they are killed? They do not stand at where they are attacked and fight back. Real men do not flee when attacked; they stay right there and fight back and if needs be get killed rather than run away.
Instead, Igbos would carry their loads on their heads and like cowards run to Igbo land.

These people who verbally insult Hausas in every which way is imaginable do not stay in Hausa land and fight Hausas when Hausas kill them; they turn tails and run! They are cowards who make a great deal of noise and do not know what courage means.

Rt. Hon. (Elder) Samuel Ikon
Speaker, Akwa Ibom State House of Assembly

The Rt. Hon. (Elder) Samuel Ikon, Speaker of the Akwa Ibom State House of Assembly, will lead a team of twenty-six honorable members of the Akwa Ibom State legislature to Houston, Texas.

While in Houston, starting early August 2012, the legislators will participate in the Akwa Ibom State Economic Summit and Investment Expo 2012 followed by a week long Legislators’ Workshop on effective governance.

AIDN warmly welcomes the State legislators, proudly noting that the fifth session of the Akwa Ibom State House of Assembly has registered already as one the most prolific sessions ever in the history of Akwa Ibom State.http://africanspotlight.com/blog/2012/07/28/union-reveals-how-akwa-ibom-govt-launders-money-in-us/

koruji: Typical...blame the messenger rather than the one actually writing shameful stuff...

The Akwa Ibom State House of Assembly on Tuesday approved the request by Governor Godswill Akpabio to borrow $500 million (N78 billion) from the Standard Chartered Bank International, London.

The Chairman of the House Committee on Appropriation and Finance, Onofiok Luke, said this at the plenary session of the house.

He said the committee gave the request of the governor accelerated hearing as demanded.

Mr. Luke added that the committee organised a public hearing to ascertain why the government needed the loan “at this time” before approving the request.

“The committee hereby recommends to the house for approval of the request of the governor to obtain the 500 million dollars from Standard Chartered International Bank of London,” he said.

He added that the approval was “based on the clarity given by the Commissioner for Finance and Economic Development, and the commitment of Governor Godswill Akpabio to the initiation and completion of life-touching projects”.

The Chairman said that the Assembly also considered “the need to bring down the cost of governance and make some financial savings for the well being of the people of Akwa Ibom”.

The Assembly Leader, Okpolupum Ette, moved the motion and the report of the committee was accepted; as the house approved the loan for the government.

The Speaker, Samuel Ikon, commended the governor for seeking the loan to reduce double digit interest rate to single digit but advised that the facility should be used for the purpose intended.

Mr. Akpabio, on April 18, sought the approval of the Assembly for the loan.

According to him, the proceeds of the facility will be utilised to offset all outstanding loan commitments of the state government to UBA Plc.

He added that the loan would drastically reduce the applicable interest that government would have paid on the facility from UBA Plc which ran into billions of naira.

The governor said that the loan from UBA attracted interest rate of 18.5 per cent, while standard chartered bank international loan rate was 8.19 per cent.

djon78: My friend we have heard all those cock and bull story u guys talk about east, but at least we still have something tangible we achieved by our sweat no government help

unlike ur Lagos which is what it is today not by u guys effort but simply by the Federal Government, so don't come here pointing to Lagos cos it belongs to the whole nation just like Abuja.

You guys launder too much propaganda filled with lies, claiming false figures about the lekki sea port and mind u Akwa Ibom state are also constructing a big sea port also which will cater for goods coming to SS Se middle belt and northern states and there own is not lies and propaganda, they have the finacial means to do that coupled with having a highly ambitious governor.

So stop coming here and blowing lies, u were caught and then u claimed it was no longer 200billion now. 20 billioin all lies, so stop all these ur lies and propaganda we can see through it.

djon78: My friend we have heard all those cock and bull story u guys talk about east, but at least we still have something tangible we achieved by our sweat no government help, unlike ur Lagos which is what it is today not by u guys effort but simply by the Federal Government, so don't come here pointing to Lagos cos it belongs to the whole nation just like Abuja.

You guys launder too much propaganda filled with lies, claiming false figures about the lekki sea port and mind u Akwa Ibom state are also constructing a big sea port also which will cater for goods coming to SS Se middle belt and northern states and there own is not lies and propaganda, they have the finacial means to do that coupled with having a highly ambitious governor.

So stop coming here and blowing lies, u were caught and then u claimed it was no longer 200billion now. 20 billioin all lies, so stop all these ur lies and propaganda we can see through it.

djon78: hey should know that the academic and exposure level of some of us on this forum is top notch, world class

Zechy09: Can you see the reason many people don't take politics section serious and assume it is a place to defend your political affiliation instead of defending the truth.
You always criticize GEJ all the time and i thought you were an "Objective Nigerian" standing up for the truth, i didn't know you are just an ACN apologist.
This is a blatant lie and there is no way to justify the lie. Even if it is for a period of 70yrs, it will still be a BIG lie!
I expect people irrespective of their political affiliation to say the truth at all times and NOT speak the truth when it is GEJ and lie when it is opposition.

My two cents.

karl max: so what does he do for a living to be lavishing such fund?

https://punch.iwayafricanigeri.netdna-cdn.com/wp-content/uploads/2012/10/Azuka-Onwuka.jpg

Azuka Onwuka





Dangote’s case is so significant not to be noticed. Even though he is from Kano State in North-Western Nigeria, his companies are located in Obajana, Kogi State; Ibese, Ogun State; Ilorin, Kwara State, Apapa, Lagos State, Calabar, Cross River; Numan, Adamawa State, etc. Now that he is about to go into oil refining, he will be investing in a part of Nigeria and creating many jobs for Nigerians and helping to solve our refined petroleum products. It is, however, curious that Dangote has not sited any of his factories in Igboland, the land of the people he shares business DNA with. He may need to explain if this is deliberate and coincidental.


On a lighter mood, Dangote means in Igbo: “Dan, please buy”. It could have also been a corruption of the Igbo expression “Di anyi, gote,” which in English means: “Dear, please buy”. It may not be asking for too much if Dangote is urged to conduct a DNA test and make the result public. This writer will not be surprised at all if the DNA result shows that somewhere in the past, one of his forebears may have been Igbo. Be that as it may, Dangote will do well by remembering to site one of his factories in Igboland. That way, Ndi Igbo can indeed “gote” from his vast business empire.

honeric01: Last week (Talking on Amanpour):

”99 percent of Nigerians are honest” ~ Dr Ngozi Okonjo iwuela.

This week (Talking with Nigerian Journalists):

”Every Nigerian is corrupt” ~ Dr Doyin Okupe.


A confused government or a confused country?

jude33084: And you think he is the owner of that project?

Lagos, Nigeria – APM Terminals and its consortium partners have announced plans to develop a new greenfield mega-port project and Free Trade Zone at Badagry in Nigeria’s Lagos State, 55 km (34 miles) west of Apapa and the Port of Lagos on the Benin-Lagos Expressway. At full build-out, the deep-water full-service port will be one of the largest in Africa with 7 km of quay and 1,000 hectares (2,470 acres) of dedicated yard, and will include state-of the art facilities for container, bulk, liquid bulk, Ro/Ro and general cargo as well as oil and gas operations support and a barge terminal. Plans for the adjoining Badagry Free Trade Zone will include a power plant, oil refinery, industrial park and warehousing and Inland Container Deport functions. The first phase of the project is scheduled to open in 2016.

“We are actively working with state and federal governments on the permission process” stated APM Terminals Africa-Middle East Regional CEO Peder Sondergaard, adding that “the Nigerian Ports Authority, Lagos State and the Nigerian federal Government have been supportive and positive”.

Earlier this year, Nigerian Minister of Transport, Senator Idris Umar, cited the proposed Badagry Port project as an example of a public-private partnership development which would help to address congestion and establish Nigeria as a maritime trading hub for West and Central Africa during his keynote address at the 12th Maritime Seminar for Judges in Abuja in June. The Benin-Lagos Expressway is currently being upgraded to a 10-lane highway which will facilitate cargo movements to and from inland destinations in the region.

APM Terminals is currently one of the largest port and terminal operators in Africa, and in West Africa in particular, where APM Terminals Global Terminal Network include nine facilities in eight West African nations, including Apapa Container Terminal, and West Africa Container Terminal in Onne, Nigeria. APM Terminals Apapa, which assumed operations at Lagos’ Apapa Container Terminal in 2006, is now the busiest container terminal in West Africa, handling 600,000 TEUs in 2011, with throughput for 2012 projected to be 720,000 TEUs. Equally important, shipping lines and African shippers have seen significant improvements to supply chain reliability and cost savings.

Industry analysts have predicted that Nigerian container volume, which totaled 1.4 million TEUs in 2011, will outstrip existing port capacity by 2017. At present, approximately 85% of all Nigerian non-oil cargo passes through the Port of Lagos. Over the next three decades, Nigerian annual container traffic is expected to grow to 10 million TEUs.

With 170 million people, Nigeria is the largest country in Africa by population, and the 7th-largest worldwide. By 2050, the UN has forecast that Nigeria’s population will have risen to 289 million, following only India, China, the USA and Pakistan in global population ranking. Lagos is the 2nd-largest city in Africa (after Cairo) with a population of 10.2 million, and is home to an estimated 60% of Nigerian manufacturing. The Nigerian economy, the 2nd-largest in sub-Saharan Africa after South Africa, driven by oil exports, has been forecast by the International Monetary Fund to expand by 7.1% in 2012 and 6.7% in 2013.

The proposed Badagry Mega-Port project fits well into APM Terminals’ strategy of infrastructure development in targeted high-growth markets. Current new terminal and port expansion projects and investments include Moin, Costa Rica; Callao, Peru; Santos, Brazil; Ningbo, China and Poti, Georgia. The Badagry consortium partnership is comprised of APM Terminals, Orlean Invest, the Macquarie Group, Oando PLC, the Chagoury Group and Terminal Investment Limited. Support for the project has also been expressed by the Nigerian Ports Authority, and the Governor of Lagos State.

otokx: Its good to see that people are now recognizing the lies being told by our thieving politicians.

manny4life: 1. Click on the link and open the page.

2. On the Top part of the file where it says "Page", change from "40" to "39" or scroll one page up.

3. When you get to the page, to your left, it says "Operating revenues, you will see all components that made up the revenues. Continue to look all the way down, the consolidated "Total Operating Revenues"

jp philips: like i advised someone abinitio, dont give them a reason to unite, a word is enough.
ask yourself, which tribe unites more during festivities??

manny4life: Lol, it either shows your stupendously ignorant or just plainly mischievous, I gave you "EXACT PAGES" of what their revenues for the most recent 2012, and you're here talking NONSENSE. If you don't know how to interpret basic financial statement, say so other than you fooling yourself

cupid4ig: This eko ilee is a big fool just making silly arguments with no real proof. Mumu alaye lagos

manny4life: Well, like you can see, the ext is in PDF and PDF is not copyable, at least I can't copy it, however, I know how to convert it, but being you, I'll pass. I just wanted you to see the reference for yourself that Port of LA is no where making $500 million annually, let alone a $1billion like you claimed not to talk of the $400 billion. GET YOUR FACT STRAIGHT.

Krucifax: You know the funds put towards your education (going on the assumption you had one), would have been better placed towards raising a poultry farm. Please speak English if you are going to ask me a question,i appreciate your I.Q is in the single digits and i don't speak fluent slowpoke so it's hard to communicate with you buddy!

manny4life: Before you make anymore foolery of yourself, oya digest this one... Dorectly from Port of LA's website

http://portoflosangeles.org/Publications/Financial_Statement_2012.pdf

Look on Page 33, and the adobe page is 39... Oya get to work

Krucifax:
The down side of Social Media means i have to rub shoulders with characters like you. Good for you and bad for me! Here's a thought if we met in real life you will be apologizing for your disrespectful behaviour!

Since you can't make your point without insults i'll let you mire in the doldrums of that closed box which you claim to be a brain! Go back to slanging handbags with your type the dregs and miscreants of Nairaland.

occam: He's talking revenue numbers. Using fuzzy math to come up with fake projections is same as fraud

Rotterdam, the worlds's largest port generated revenue of $850 million in 2012. Compare that to the bunk $200 billion for this new port