₦airaland Forum

IreneJane:
Ok , where you shown us in Aba is where typical Aba resident lives abi? Abi it's for poor people

Yes.

Its for the poor people.

Desusi:
Can a man really fight for God?

Yes in Islam.

Their coward Allah hide under the banner of men to wage his warfares.

I'll never bow to a God that can't wage his warfares. I'll never bow to any coward god

Kyase:
Twitter again

Make we no over hype this guy abeg, he's known only on twitter, I asked 8 people if they know who peter OBi is, 4 said NO, 1 ( though, they later acknowledged who he is, when i told them, he was running mate to Atiku in 2019) asked me, "who's peter obi"? ,the remaining 3 know him well.....
Obi need to work on his street cred, I can win him a ward, and it can snowball to an entire local government, but I can only guarantee him a ward..... Beebeeooh tell you Oga to call me
Anyways make e win Primary first

Do you know Peter Obi delivered more votes to PDP in 2019 than any PDP leader? Do you in 2019, only the bloc votes from Anambra neutralized all SW votes?

PDP won Anambra with 490k votes

APC won SW with 260k votes

Anambra neutralized SW votes and still dash Atiku +230k votes

IreneJane:
Do you know ibadan landmass compared to Aba.
Besides you just showed one area within ibadan, you didn't show dugbe, eleyele, Jericho, iyaganku , aerodrome , oluyole, alalubosa and co.

All these places are the government area and where the rich lives.

I have posted videos of Mapo, Gate, Agbowo, Beere, Molette, Ojaoba and many more.

These are where a typical Ibadan resident lives.

What more do you want?

forgiveness:
Obviously, it is scandalous to claim $500m for a 141MW project.


Home - THISDAYLIVE logo
GEOMETRIC: BEWARE OF THE IDES OF MARCH
editorMarch 30, 2022 12:00 Am
·
· Otoabasi Akpantah argues that Geometric Power costs are excessive

Otoabasi is a Lagos-based failed accountant. We already know him. Hating is allowed.

forgiveness:
Investing a whopping $550 million just to service two business districts that represent barely 10% of the entire EEDC network, valued at $230 million, does not make any business sense.

Otoabasi is not informed. Aba Geometric will power the Enyimba Economic City. That city will be a manufacturing hub, creating 700,000 jobs.

Again, EEDC is just a mere distribution company, a power marketing company.

forgiveness:
Building 141 megawatt power plant to service two business districts with peak load of barely 40 megawatts is grossly over scoped, inefficient and a recipe for disaster. This is even more worrisome especially considering that the 1,020 megawatt Alaoji NIPP, [/b] located in the same precinct as the Geometric power plant, already has stranded 800 megawatts capacity that cannot be evacuated into the grid by TCN because of its poor infrastructure. In other words, 100 megawatts of Geometric power plant cannot be activated nor utilized despite the huge capital already expended.

Foolish analysis. Geometric has its distribution lines. It doesn't rely on TCN.

forgiveness:
Using standard industry estimates, a 141-megawatt power plant, at $1 million/mw, should cost about $141 million; 27km of gas pipeline, at $1 million/km, should cost about $27 million; 140km of HV lines at $30,000/km should cost $4.2 million; while the four substations should cost no more than $4 million at the average cost of $1 million each bringing the total cost to $176.2 million

Who told this guy 1MW costs $1 million, 1 KM of gas pipeline costs $1 million and a substation cost $1 million?

Why is he using $1 million as a standard for everything?

forgiveness:
The second and probably more pertinent issue is how will Geometric manage this highly geared financial exposure. Assuming that its promoters contributed 30% equity to the $500 million capital expenditure, and financed $350 million over a standard seven year period at about 10% interest per annum, the debt service will amount to $5.8 million per month or $69.7 million per year. These translate to about N2.4 billion per month or N28.9 billion per year assuming an exchange rate of N415 to a dollar. Interest alone amounts to $2.9 million or N1.2 billion per month. Expectedly, Geometric will need about N2.4 billion every month just to service its debt. There is no way Geometric will be able to net up to N1 billion a month after offsetting its Opex costs including the invoice of the gas supplier, payroll, operations and logistics. So how will Geometric service its facility and have return on its investment?

You don't know more than the investors.

forgiveness:
Compare the above scenarios to EEDC in which the investors paid $126 million for the entire network including the Aba-Ariaria business districts from which it has gotten back $26 million from Geometric.

EEDC is a mere disco.

forgiveness:
Installing upfront a 141 megawatt power plant for a network that can only offtake less than a third of that capacity also questions Geometric’s understanding of the business they are going into; a 45 megawatt plant, scalable to 141 megawatts as load demand increases, would have been more prudent.

This dude doesn't even understand geometric business model.

The company has its transmission line. They are not relying on TCN.

forgiveness:
Ideally, the whole Geometric development could have been done with less than $100 million — $45 million for 45mw power plant, $27 million for the 27km gas pipeline and $8.2 million for the injection substations and 140km HV lines; and yet achieve the same cash flow results.

The problem with Nigerians is that they claim to be expert in areas they know nothing of.

Aba currently receives 40 MW, making the city suffer epileptic power supply. Geometric is building 141 MW plant to supply 24/7 electricity. They know TCN doesn't have the infrastructure to handle the load, so they built their transmission line.

forgiveness:
An informed protagonist would have rather advised Geometric to court EEDC to off take the excess 100 megawatts, which is probably its only life line to remain at least on life support, as that will improve its cash flows while it seeks other ways of managing its humongous debt profile which may come crashing on it and inevitably consume it sooner than later.

Unfortunately for you, Geometric is buying up EEDC holdings in Aba. We don't need them in Aba.

forgiveness:
Akpantah is a Chartered Accountant and management consultant

This man just prove that tax accountants suck in power generation. He should focus on managing taxes for client and not disgracing himself dabbling in issues he doesn't understand.

Hating is allowed though.

akinremiayomide:
This is fegge ABA
this is alaigbo eldorado
This is the best city they can provide

Dilapidated shithole

Fegge is not in Aba, Yoruba man.

It's in Onitsha. Ibadan never defeat Aba, Yoruba man don dey challenge Ibadan.

Ngorbungor:
Now i believe we have rested the case of $50 million and $500million ?

So the next question is: Can you show us any project of the same amount in Ibadan or even Oyo state?

You go wait tire

I don they beg Yorubas to show me just a $100 million project in Ibadan since last week. Till now, I still dey wait.

walefresh3:
Don't ever compare your shit hole with ibadan
Checkout ibadan below

Only one plot of land is developed in Ibadan, which is the Oluyole area because it is close to the government house.

Once you leave that area this is what you are going to see


https://www.youtube.com/watch?v=RDa93E7GjRk

walefresh3:
Keepshot liar.. dis is the situation in ABA

THE ABA IBO MAN WILL NOT SHOW YOU...


https://www.youtube.com/watch?v=eS8kh0EeYrQ

Biggest slum in Aba


https://www.youtube.com/watch?v=eS8kh0EeYrQ

Ngwa Road as of 10 months ago


https://www.youtube.com/watch?v=X3gN9bhmrAk

ABA is ahead.

Biggest slum in Ibadan


https://www.youtube.com/watch?v=YkUYY2Ur8z0&t=7s

Ibadan - Gate, Oje, Beere, Molete, Challenge


https://www.youtube.com/watch?v=RDa93E7GjRk

Aba


https://www.youtube.com/watch?v=2Y39Pdt52Cc&t=644s

Agbowo, Ibadan


https://www.youtube.com/watch?v=LqrJaRzXbJY

Aba


https://www.youtube.com/watch?v=evphnbuGVYg&t=104s

Aba


https://www.youtube.com/watch?v=eAvG-I5k8rg&t=325s

Mapo, Ibadan


https://www.youtube.com/watch?v=YkUYY2Ur8z0&t=7s

Yorubas are this and that, yet they live in the ugliest houses in the South.

Aderewah:
This is Ibadan. As a resident of ibadan, I can confirm areas that look like this are like 100 times of what is captured in this photo. There re at least ten areas like that. Jericho, Ologuneru, Bodija, Eleyele, Elebu, Akobo, Ikolaba, Samonda, Oluyole, Idi Ape and even Bashorun etc. I promise you, there are even a lot of smaller areas with great public and private infastructure too. Alakia, Ojoo etc come to mind.

When they start saying "I promise you" just know they are lying.

Name one project that is worth $500 million in Ibadan or shut up.

Posting 2011 APGA campaign photos of Aba will not save you.

helinues:
Mods are coming for you... We are more cultured to fall for some of you guys tantrum

You guys have been ranting since.

Show us the Ibadan skyline and end the argument

Putinofrussia:
Is this desert what you want to use to compare?

Sensational headline

Putinofrussia:
Aba keh?
Ibadan is more developed than the entire Igboland talkless of the dustbin called Aba.

Yorubas have always been and continue to be the pacesetters of growth and development in Nigeria.
Those few old places in Yorubaland just like you that are not even as developed as Yorubas have too are a testimony of the fact that Yorubaland had always been the first to have modern buildings while you were living in huts.We respect our parents...the pioneers and builders of these buildings by leaving a few for them just as they wish.We have the land and we have built the choicest of houses in Ibadan and other Yorubaland that you cannot find in Igboland in a thousand years.
In only Ibadan,Yorubas have built more than 10 GRAs while the entire Igboland cannot boast of 7.
Ibadan has numerous estates,malls..infrastructures that are more than the entire Igboland.Igbos have very scanty modern buildings.
You are just fixated on the old place in Ibadan...the interior...where the old ancient Ibadan started from.The place is not up to 52sq km which is the size of Onitsha.
According to google,Ibadan is 3080 sq km while Onitsha is 52 sq km.
This is a place in Lagos built by the Yorubas.It is inhabited by 95% Yorubas.Indicating how rich,civilsed and development conscious the Yorubas are.Yorubas pioneered growth and development in Nigeria and they cotinue to because they control 70% real estate in Nigeria.

Gibberish.

Name just one $500 million investment in Ibadan.

helinues:
Na you people supposed to be ashamed aswear.. As how tiny all your region land mass is, yet you guys can't develop it. Reason while you guys all relocate to other developed regions in NIgeria as nothing is actually happening in your region.

You mean brown roof is development?

Sorry, we don't do that.

Mooh247:
You are right bro ... Just had to dish him little of what he is serving

Dish ke.

E no enter my body. You will need to try harder

gonkin:
No be lie. I did ND at ibadan. The sight of the brown roof while coasting from a hill top is amazing.

Even on maps it could be seen

Oya Yoruba people come and show us the part of Ibadan that is without brown roof

Malory

Helinues

Mooh247

helinues:
Don't fall for this people deliberate provocation.. You should know better, they have uncountable monikers to do this nonsense

Deliberate provocation?

So showing that Aba is more developed than Ibadan is deliberate provocation?

Yorubas need help

[quote author=Mooh247 post=112667459][/quote]Keep crying

Mooh247:
Illiteracy is a disease... Again using UNDP data Oyo State ranks high in HDI than all Ibo state

And the lunatic here is the idiot who is calling a whole tribe of 40 million people lunatic because his ignorance was exposed and he felt ridiculed


.

Post the UNDP data and I'll bet its a secondary data sourced from NBS

I don't have time for Yoruba looonatics please

Mooh247:
That's why education is important in Ibo land to understand what developmental index is all about


.

Quality of housing is a major HDI.

Quality of housing is not measure the number of estates but the quality of houses avearge resident lives in.

I don't waste time on Yooruba loooonatics

Mooh247:
Ibadan is not a State and not a regional capital as we don't use region anymore

So get educated first

Who doesn't know Ibadan is not a state?

Read my comment and the post I quoted to get the context.

Ibadan is the capital of South West.

We still use region dude but not federating units

Who is the APC National Vice Chairman of South West?

Mooh247:
I replied a post of skyline, meaning veiw from top of a building how is that development?!

Even a fool won't try to compare Ibadan to Aba in terms of infrastructure or human development index

Only those who has never traveled or take NBS statistics serious believe Ibadan is more developedd than Aba.

helinues:
No, cos Ibadan is just so big than what you guys can think of. Oyo state alone is almost the same size with all the 5 SE states landmass combined...

Another pure blatant lies

Big for nothing state.

You guys are not even ashamed we are comparing Aba, a city in the outskirt pf Abia with Ibadan, a state and regional capital

Superwave16320:
Look at this clown you went to pick skyline on the outskirt of Ibadan n start rejoicing over your show if stupidity. Why not get clip from skyline of Bodija Challenge Oluyole Ringroad etc to compete with any skyline in Igboland.

Oya post them now.

Some of you Yorubas are mischievous. We compared Aba with Mapo which is the center of Ibadan you complain.

We compare it with Agbowo, which houses UI you guys complained again.

We compared it with Bere, you complain.

Get the clips of the Bodija, you people still run away.

Mooh247:
Where in Ibadan .. Ibadan is not a tiny land like Ibo land, Ibadan is a mega city

Ibadan is similar size with entire Anambra State

Stoopid talk

Is that the reason for the rusted roofs

Mooh247:




Ibadan land mass 3,080 km². (Largest city in West Africa, 3rd Largest in Africa)

Aba Land Mass 72 km².

Ibadan has 11 Local Government Authority

Egbeda LGA where am from has 410 sq.km total land mass, that is like 6 times Aba city


.

What does land mass has to do with development?

China is larger than Nigeria, yet Nigeria is still a shitthole

totit:
The OP fell flat, got the beaten of his life on here and then went and open another thread.

Guys, well done, I enjoy every bit of it, beaten the OP and his cretins black and blue.

Below is here the OP ran to;
https://www.nairaland.com/7117848/ibadan-skyline-vs-aba-skyline/1#up

Cc ;

Forgiveness, Michael004, obaaderemi, walefresh3, et Al.

Yorubas are like Hamas.

They declare victory after receiving heavy beating.

I opened the thread because a Yoruba man asked me to comapre Ibadan and Aba skyline