₦airaland Forum

Govt will sponsor the whole project for only 5% share ..... just watch

frankmoney:
but I thought the govt has only 5% in this , it's more private than government

cjrane:
It appears obvious that this company does not have the funds to execute this project out of their own money and sell the homes to the public as they originally envisaged.

I think what they need to do now is to sell the land to interested members of the public and have an agreement on the type of building for each area of the estate. In this way, private individuals can be building the structures and the company will use the money they have to complete the roads, electricity, piped water and other infrastructure for the estate.

I don't think they can financially build all the homes required and sell. They need help in building the homes and they can provide infrastructure needed in the estate. They can recoup some of the money for infrastructure through the cost of the land.

They are selling land there to interested public and never really planned to build the houses. Their work there is to maintain a good city plan in the area and maintain infrastructure when built.

I already got a plot there

Digitron:
UPDATE ON OPI-NSUKKA DUALIZATION

Nice one Digitron

Chinese company offers to rehabilitate Enugu-Onitsha Expressway on concession


The construction company would rehabilitate the road with its sourced fund, while a process of recouping the money invested would be worked out




A Chinese construction company, China CAMC Engineering Limited, has offered to rehabilitate the Enugu-Onitsha Expressway on Built, Operate and Transfer concession.
The company, led by Dr. Chuma Ezedimma of the United Nations Industrial Development Organisation, made the disclosure on Friday during a courtesy call on Governor Ifeanyi Ugwuanyi of Enugu State.
Ezedimma, who is in-charge of the UNIDO Regional Office in Nigeria, said the Chinese company was a public-owned firm in Asia.
He said the construction company would rehabilitate the road with its sourced fund, while a process of recouping the money invested would be worked out.
“The idea is for China CAMC to rehabilitate the road and toll it for a number of years that will be agreed on to recoup its investment before transferring it to government,” Ezedimma said.
He said funds for rehabilitation of the road would not be a problem as the company had already taken advantage of the China-Africa fund in its operations.
According to him, the company is a reliable partner with UNIDO and has a wide range of interest, which includes power, oil and gas, petrochemical among others.
He said: “The mission of China CAMC Engineering Limited in Nigeria is to seek for investment in several areas like agriculture, infrastructure, mining and social investments.
“As a public and centrally owned company, it has access to the China-Africa fund, which is a $60 billion fund, which we want to use to promote technology and investment in Nigeria.”
Ezedimma said they were in the State to solicit positive partnership in the area of infrastructural development.
He urged the government of Anambra and Enugu States to table the proposal for the rehabilitation of the road to the Minister of Power, Works and Housing, Babatunde Fashola.
Responding, Ugwuanyi expressed delight in the interest of the company to invest in the state.
He said the state government had interest in direct foreign investment, which necessitated the first Enugu State Investment Summit held in April.
The governor said his administration would provide the enabling environment for all investors that sought to do business in the state to thrive.
“The interest of China CAMC to invest in our state is much welcome and we shall make them comfortable and their investments safe,” Ugwuanyi said.

Hope the car park is upgraded too at the Airport

More

Meanwhile, Enugu centinery city main entrance roads are being worked now

Excited the Enugu airport terminal is becoming a reality..

Kudos to all our leaders that made this happen

ifeanyi199555:
Was at centenary city today, the city itself and all surrounding estates are under planned development.

@Ifeanyi199555 Did you go inside the estate ? Do you have pictures of inside the estate ?

Nsukka residents seek exploration of gas, crude deposits
Posted By: Christian Okworon: November 06, 2015In: Southeast reportNo Comments Print Email
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Nsukka residents seek exploration of gas, crude deposits
•The abandoned site
A natural gas and oil well discovered about 50 years ago at Ehalumona in Nsukka Local Government Area of Enugu State has remained untapped since its discovery.

The residents have expressed the desire to see exploration activities at the site.

The natural gas and oil deposit in the area is said to be in large commercial quantity and estimated to last for over 50 years.

An indigenous oil and gas company, Seveen Energy was said to have acquired the site for exploration but abandoned it for what insiders called political interference.

The vast gas site was first discovered by CGG Company prior to the Nigerian Civil War in 1966. It has been overgrown with weeds and left in a deplorable state.



The untapped crude deposit found in abundance in the area has traces of the same deposits in other communities in Nsukka and also cut across local governments in the area.

The areas that have traces of the crude deposits include Obollo Ekeh, Ezebinagu, Isi Uzo, amomg others.

The major base of the oil is in Ehalumona and it has about 30% petrol and 70% natural gas deposits.

The residents of the oil rich communities have expressed worry over the inability of the indigenous company, Seveen Energy to carry on further explorative activities since the Federal Government awarded it since 2013.

The residents dislosed that the Seveen Energy company had carried out a siesmic operation they termed environmental impact assessment in February 2014 at the abandoned oil zone.

In 2008 the huge natural gas deposit attracted Geokinetic Gas and Oil Plc, for further exploration of the site but failed to continue.

A community leader, Cletus Akor disclosed that prior to the Nigerian civil war in 1966, the oil and gas deposits had earlier attracted CGG company where they carried it’s first seismic exploration but couldn’t continue as a result of the severity of the civil war.

The community youth leader, Oji Uzo expressed his dissatisfaction over the abandoned oil-rich zone, describing it as a waste of both human and capital resources.

He said: “This type of thing should not be joked with. Look at an endowment being overlooked, something that would have been a source of employment opportunities for jobless Nigerian youths is overgrown by grasses. When this company first came here, our youth were employed as labourers and some worked in other lucrative positions, but look at how delapidated it is, a treasure of a nation.

“They told us that they would test the natural gas which they did and carried a half tanker of the crude gas for test, but we have not heard from them again.”

Also, Mr. Jonathan Ugwuanyi disclosed that apart from the Natural gas located in the area that there are untapped natural resources like Gold, Coal, among other resources located in the area.

The traditional ruler of Ezebinagu /Ehandiagu communities, Igwe Daniel Ugwuanyi expressed his belief that the company may begin exploration of the natural gas soon.

He said: “If this gas deposit is explored, it will create job opportunities for the people as well as a source of revenue for the Federal and State government.”

He said that the gas deposit would likely foster the construction of the much neglected Nsukka, Ehalumona, Ehandiagu, Mbu-Ikem road,” he said.

He therefore apealed to the State and Federal government to react positively to the abandoned huge gas deposit located in Ezebinagu/ Ehandiagu communities.

Anyone knows a cheap car one can hire in Enugu during Xmas season? What's the range or budget to consider daily ?

Hi Nairalanders,

I wish to ask what the Enugu Airport ( Akanu Ibiam International Airport )truly requires today to work at optimal level.

Lets build up a comprehensive list that can be tracked.

1. Good Airport terminal
2. ?
3. ?
4. ?
5. ?
6. ?

Any new FG development plans for South East ??

My Governor....Thank you for your humble service...we never knew we could experience good governance till you came. God will bless you abundantly

If there was another re-run of presidential elections, we igbos would have still voted for GEJ. He simply was the first president to do "something" for the igbos since after d civil war. We for the first time felt integrated to the country called Nigeria. Appointing an army chief by GEJ was a good shock for us... We never believed a day like that will come. Please since APC has won d election, we are only asking for unity and not all this hate and killings we have endured for decades. We love you all

What happened to this thread?

N 2.2 m

Enugu State (Sullivan Chime) --- Incredible !

This is good news and my people in the city, "Prepare for the real per second billing "

My people o... im begining to feel the pain of PHCN. Light in my area is usually there for about 12 hours a day.

SHOULD I PAY THIS BILL

IF NOT HOW DO I FIGHT THIS


I Live in Yaba area in Lagos State

bump

Owner is ready to release car and travel back to USA,

Call 08039799304

2007 camry

bump

bump

bump

Used in Lagos for 2 weeks during Xmas holiday


Indicate your interest if you want to buy 08039799304


Price is N2.4 million

@autochecke

You could drop an email or phone no, we could deal after we agree.

My number is 08020521755, best to call in the evening

Customs clearing and logistics NOT included.