₦airaland Forum

How much is needed??
Whats the potential profit over a given timeframe?
Let me know.

[quote author=p.josh]Do anybody know any good and well known venture capitalist firm in Nigeria. I contacted unique venture capital but they told me that they don't invest in online related business.[/quote]Venture Capital is a new practice in Nigeria. Many would not readily be interested in Online Businesses because surely the potential for success is not very high. My advise would be for you to crowdsource. But you must have a compelling business case to make that a possibility.

Oga Jarus, Excellente. Nice.


In your next edition, consider including Entrepreneurship. Methinks that's the career path majority of Nigerian graduate would eventually take considering the limited number of corporate jobs available in comparison to the swarm of graduates exiting universities yearly.


Once again. Kudos!!

pDude: They are all dumbheads. Yes.

Their practices are crude and archaic. They have no business ethics. And also they have not been able to lift the nation out of its financial abyss.

So yes, they are dumbheads. Thieving dumbheads.

Since they are dumbheads and you are a smarthead, why don't you lift the nation out of its financial abyss!!




You see posts like this and you start thinking Government should consider age restrictions for internet access.

While I don't subscribe to this insane VIP treatment, I don't thinks its peculiar to Nigeria.

Been held up at San Francisco International for hrs because Airforce one was suppose to be landing anytime soon.

With 9 governors in its kitty, this party is already as large as the APC. Not good news for the APC as it would have prefered a two way street between it and the PDP.

[quote author=Dudu_Negro]PapaBrowne,

There is a new reality. Yoruba never cared, until Ibo leaders went on a rampage over a non-discriminatory action in Lagos, addressing Fashola, the most Ibo-friendly Yoruba leader, insults and disparaging words.

Whatever you are witnessing now is a befitting reaction that is well desrving for Ibos. Yorubas are not at all disrespectful, they are only responding in kind to you. If their output to you is disrespectful it is because your input to them is awful. So far Yoruba is responding to you, in a defensive mode,, I can imagine if they go on the assault and start to attack you. If you think of them as tribalist in a defensive mode then how would you qualify them in an assault mode?

I used third person so my view is not tainted with bias. I would be happy to give you a bias view if you need it. [/quote]DuduNegro,
There is no new reality, Negrontns. That reality you speak of exists only on Nairaland and in the heads of a few other bigots. But I get your point.
No Yoruba man is closing his Zenith Bank account because Jim Ovia is from Agbor. Neither is any Ibo man porting from the Glo network because Adenuga is Yoruba. This nonsense tribalism is getting boring already.

I totally agree that Yorubas are not disrespectful. I have dealings with more Yorubas than I have with other tribes and thier output to me hasn't been disrespectful in any particular way than has that of Ibos or my fellow Edos being.

But what is so pathetic is the attitude displayed here on Nairaland and its beginning to eat into society with the likes of Fani Kayode playing key roles.

We must all wake up to the reality that there is nothing like ownership of an urban center or city by a particular tribe in any modern state. All that kind of imagination is impalpable. If I buy a piece of land and get a certificate of ownership, I own it no matter what tribe I am. There is no law that vests ownership of land on any tribe whether in Lagos or Calabar. Land ownership is vested on either a state or an individual entity. Its just like telling me this tribe owns the air in so so and so place so I should stop breathing it. This is the 21st century.

Like I said earlier, I want to discuss this project in a global context. Its economics and social dynamics. But I obliged your post first because I have always enjoyed your posts from way back and second because I thought third person twist was smart literature.

Gbawe: You are the only person who needs to "grow up" when a forum consisting of many thousands of memebers can see you writing the vile, tribalistic and downright flase lie presented below. Now, as usual, you want to pretend to be what you are not once you are exposed in your full tribalistic, fraudulent and deceitful glory. I would say shame on you but I realised long ago that you have no shame and only revel in marauding NL with lies while looking for gullible folks to scam with your ethnocentric deceit.

Eko Atlantic: Urbanism, Economics, Social Transformation. Real Estate Dynamics. Potential impact on this Project.
Eko Atlantic: Serving as a financial hub and a potential magnet for Finance that would develop Africa.
Eko Atlantic: Environmental impact on the Atlantic ocean. Green Technology as a building standard.
Eko Atlantic: Impact on real Estate values in Victoria Island, Ikoyi and Lekki.
Eko Atlantic: Heralding of a new era of development across Africa.

So many topics. You can pick any of them if you truly need my attention. I can see you are craving my audience desperately. So pick one and I can engage you. I have no time for tribalism and tribalists.

Gbawe: Save your cheap and patronising 'divide and conquer' ruse for the cretins who do not know what you unrepentantly are. You think the worthless comment of some Americans will whip up some "one Africa" fervour in us to make us forget your bigotry and join hands with you over a kumbaya fire?

Dude, do you have any honesty in you to note your slimy conduct in this thread many have now seen through? I would rather trust an American I don't know than an ethnic jingoist like you fond of telling lies to mask innate feelings of inadequacy and inferiority.

You almost always operate with a shameless obsession for using deceit and lies to propagate ethnic mischief. When caught out, you then begin your "one Africa" snivelling. Like someone said earlier, "shove it".

When you have the humility to act like a normal person via mentioning and acknowledging Tinubu role in this project, before reeling of the name of your ethnic affiliates in another 'ownership scam' your sort are fond of, then I and others may take you seriously.

As it is, you need to come better than this patronising garbage you are churning out.

You didn't notice that I've ignored your drivel throughout this thread.

I desperately want to discuss Urbanism. I want to discuss Economics. I want to discuss social transformation.
I want to talk about the huge potential this project would have on African Finance. I want to discuss the standards that would be set in Architecture like Dubai and other Asians did in the the first decade of this century. I want to discuss the practicalities of real estate dynamics and its potential to affect this huge project.

I want to discuss these thing in a global context.

I don't care jack about your manic narrow-minded tribal bigotry and impalpable sense of tribal ownership. It just reminds me of the foolishness Omo niles display when they come for peanuts after a land has been purchased for multimillions. Grow up man, grow up. You e-warrriors are just pathetic.

[quote author=Yoshi-Master]When did that dude ever insult anyone on this thread? I am still searching.[/quote]Don't worry about these tribalists. Their hatred blinds their reasoning. If Lagosians were like these fellas, it wouldn't have grown as much as it has.

When people do business, they don't know tribe. An Ibo trader doesn't care who buys his spare parts. Neither does the Yoruba mechanic care who comes to fix his car. Redeemed church is filled with Igbos who don't care that Adeboye is Yoruba. Christ Embassy is filled with Yorubas who don't care that Pastor Chris is Edo.
Yorubas bank in Diamond bank not minding that the owner Pascal Dozie is Igbo. Same as Igbos bank in GTBank not minding that Fola Adeola or the Late Adenirokun or Segun Agabje are Yorubas.

In the real life, nobody cares about all these tribalism nonsense. Its just these Nairaland kids who are giving the world a really bad impression through their useless comments on the internet.

By Drew Henshaw, July 2, 2013

LAGOS, Nigeria—Africa’s cities are running out of land, prompting a real-estate developer here to erect what might be Africa’s ritziest district on a beach long known as a haven for day laborers and beer tipplers.

The shacks that crowded the shoreline called Bar Beach are gone, replaced by construction tents. Families who squatted here were evicted. For the past four years, a Lebanese-Nigerian property developer has hosed sand into the ocean, creating new land for planned jogging paths, yacht jetties and condominiums with helipads for 250,000 opulent Nigerians.

The new Eko Atlantic township is emblematic of a booming business in Africa in which developers build walled-off cities for the very rich on a continent that is still the world’s poorest.

Developer Gilbert Chagoury, founder of Nigeria’s Chagoury Group, is the epitome of Africa’s moneyed class: Aside from a friendship with Bill Clinton, whose 1996 presidential campaign he helped fund, Mr. Chagoury boasts an ambassadorship from St. Lucia to the Vatican and a gallery in the Louvre named after him and his wife, both contributors.

Flush with funding from French banks that are enticed by Africa’s rapid growth, the 67-year-old Mr. Chagoury is aiming to cap his career with the most colossal real-estate project in West Africa.

“This is going to be the equivalent of Champs Élysées in Paris or Fifth Avenue in New York,” says David Frame, managing director of South EnergX, a construction unit of Chagoury Group. He was standing on a gravel road that will be paved into an eight-lane boulevard, ending at a gated exit into the rest of Lagos.

Africa has the world’s fastest-growing cities, according to the United Nations. Its current urban population of 450 million is expected to triple in the next four decades.

As vacant land vanishes in African cities, foreign investors are responding with the creation of new cities out of forests, grasslands and landfill. Investors expect to wring big profits from offering Africa’s wealthy places to live, work and shop away from the crumbling infrastructure and squalor of old cities.

But those projects have come under fire from critics who point out that they will in no way alleviate the housing crisis hitting the majority of the population. In Lagos, few will be able to afford Eko Atlantic’s glass tower condos.

Meanwhile, some of these gargantuan projects are struggling. Renaissance Capital Financial Holdings Ltd. of Moscow plans to build a city for 62,000 people on a coffee farm outside Nairobi, Kenya, and a similar-size project on a pepper field near Ghana’s capital of Accra.

The coffee farm in Kenya is still just that, as Renaissance works out a dispute with shareholders. The project in Ghana is mired in a disagreement between local chiefs over who owns the pepper field.

China International Trust and Investment Corp. built a $3.5 billion city for 500,000 people near Angola’s capital, Luanda. The suburb opened in 2011 but remains a ghost town, as the government strains to sell the $200,000 condos to a population whose per-capita income is $6,000 a year.

Mr. Chagoury hopes that Eko Atlantic will be different. Project executives point to Lagos’s population of oil-rich elites, which is both larger than that of Luanda’s and readier to pay top dollar for clean streets and modern infrastructure. They decline to say how much Eko Atlantic will cost, other to say it will be “in the billions” of dollars.

Their city, Lagos, is crowded and chaotic. Its population grows by nine people every 10 minutes, according to the U.N., which estimates that Lagos has 11 million people and is the world’s fastest-growing megacity. The Nigerian government puts the city’s total population at 21 million.

Even in posh neighborhoods, sewage bubbles up from open ditches. For want of office towers, hundreds of companies squeeze their headquarters into moldy midcentury ranch houses. At lunch, many companies turn off their lights to rest chugging electric generators. To escape choking traffic, many elites commute by helicopter or yacht.

What little housing there is for Nigeria’s growing middle class is pricey. Average rent on a three-bedroom apartment in downtown Lagos is $3,624 a month, according to Dubai-based research firm Reidin. Landlords usually expect two years of rent in advance, preferably paid in U.S. dollars. It is a challenge for Nigeria’s middle class, whose income averages about $600 a month, according to Renaissance Capital.

Buying is just as tough. City records on land ownership are a mess, stockpiled or missing. Swindles involving forged titles and the fraudulent sale of villas are common.

Home loans come with double-digit interest rates. In a country of 167 million people, there are only 20,000 mortgages, according to Nigeria’s finance minister, Ngozi Okonjo-Iweala.

To keep pace, construction activity expands by 13% a year, according to government statistics. Architect Ade Laoye estimates that Lagos needs at least needs 10,000 additional houses a year.

“We don’t have the architects, electricians, bricklayers, engineers, the builders,” Mr. Laoye says.

One person who does have resources is Mr. Chagoury, a Nigerian-born construction magnate. He got his first taste of city-making in the 1990s, when the government hired him to construct a small banana-shaped peninsula now dotted with million-dollar homes.

In 2003, Lagos’s government approached Mr. Chagoury with a problem. Waves were crashing over Bar Beach, washing away some of the drug scene, but also flooding shore-side avenues and wetting the lobbies of important Nigerian companies.

He returned with an offer to build a sea wall without charge. In return, Lagos’s government allowed his company to dredge sand from the bottom of the Atlantic Ocean—and shoot it out of a hose to create 3.9 square miles of beach.

The square mile poured so far is a panorama of sand, resembling the Sahara. Manhole covers pop up several feet above the dunes as the skeletal beginnings of a drainage system. Near the ocean, cranes drop X-shaped blocks to make a sea wall.

Mr. Chagoury declined requests for an interview. But project executives say that they already have sold all but two of the several dozen building sites on the sandlot. Buyers plan an international school, high-rise condos, spas, headquarters for several oil companies, a conference center shaped like the sails of a boat and a U-shaped office tower called Unity.

Lower-end developers worry such endeavors will inflate the cost of building materials for years to come. An already stretched supply of bricklayers and cement mixers will leave to work here.

Developers like Michel El Chemor are unapologetic about catering to the top end of Nigeria’s property market. He bought a plot from Mr. Chagoury for the site’s first skyscraper: a $50 million, 24-story condo called Eko Pearl. It will peer out over a marina—and the smog and skyline of Lagos.

“I’m sorry to say, but it’s chaos in Lagos,” he says. “They’re going to need to destroy what they had before and rebuild it, which will take a long time.”

[url]http://online.wsj.com/article/SB10001424127887324251504578581570831563906.html#articleTabs%3Dcomments[/url]



These comments below from mostly Americans about this project says a lot about perceptions and narrow-mindedness. This is perhaps the reason why we African must eschew disunity and act with the knowledge that nobody is going to give us a chance.

1)Bill Hefner
Geez. and real estate development wasn't already risky enough. Now add Nigerians (the most corrupt people on earth), affiliations with Bill Clinton and the Vatican, Russian financiers, misplaced pricey-condos-in-poverty-stricken-population marketing strategies, on and on. Why not just install Bernie Madoff as CFO...

2)Dean Warren
Wow, I Bet Those Rich People in Nigeria Could Use Some New Power Plants! How About We Borrow a Bunch of Money, Increase the National Debt, and Build Them Some? Sounds Like a Great Idea, Doesn't It?

3)David Peterson
Africa has tremendous potential, but there are a lot of problems to overcome in order to tap that potential. I'm not sure this idea gets them any closer. What they really need is political stability and law and order. The United States is pretty much the epitomy of both, and could do a lot to make headway in Africa, yet our leaders seem only luke warm toward Africa. When they do make overtures, it mainly takes the form of charity and money, which is not what Africa needs.

4)John Murray
Just concluded a 3 year gig in Lagos. Used to go running along Bar Beach most Saturday mornings. Stunning what they are doing there. Africa/Nigeria is being colonized by Lebanese, Chinese, Indians and an occasional Brit/Euro. Americans are only there for the oil. A truly global frontier town. A bunch of cowboys, not too many sheriffs. It's a fascinating place.
Would compare it to Lower NYC/East London in the late 1800's. Dirty, nasty but it represents opportunity for the non-established people of the world. Just like the western hemisphere did 200 hundred years ago.

5)Oleg Drut
I wonder where they will find work force to complete this project? ship them from China or India?

6)Trevor Sutherland
Last month Tony Blair remarked how the African continent was "poised to be the great economic story of the 21st century". Trillions in untapped resources, land as fertile as any on Earth, and FINALLY, countries are starting to recover from the European exploitation. They just better be careful not to allow Chinese exploitation, and, if history is any guide, they better keep a close eye on the Arabs. In 1950, products made in Japan were considered junk; by 1980, they were the standard of the world. Remember when Hyundai was a punch line? Not anymore. In 2070 my grandkids will be turning up their noses at American made cars because they think cars made in Nigeria are better....LOL...

Kairoseki77: SMH!!!

YOU ARE THE ONE who tribalized this thread when you started claiming that 90% of Eko Atlantic is owned by non Yorubas. [/b]Stop claiming other people's things!

Now that you have been exposed, you want to pass the blame? Rubbish. Don't make claims you cannot back up and this will not happen to you. Personally, I came here to see the lovely pics.

Are you sure about the bolded. Kindly read through the thread again. Tribalism is a cancer eating deep into you guys. Wish you know the damage you are doing to yourselves.

My Comment.

Can't wait for this city to become reality!! It would herald the coming of age of the African continent!
It would be a city of Africans, by Africans for Africans.
Once again, can't wait.

@Rhino 5dm's adulteration of my comment.

Can't wait for this city to become reality!! It would herald the coming of age of the African continent!
It would be a city of Africans [b]Yorubas, by Africans Yorubas for Africansthe whole world.
Once again, can't wait.

Judge for yourself. And by the way, I'm not from the south east as you claimed. I am Edo with many Yoruba relatives.

I feel very sorry for all you who have chosen to tribalise a wonderful project. Very pathetic and a gross display of crass unintelligence. Once again, I repeat, you do yourselves no good. While you little poor ones bicker about tribal ownership, real deals are being brokered on Eko Atlantic by everybody including Lebanbese, Hausas, Germans, Igbos, Americans, Yorubas, South Africans et al. Rich folk who would eventually build the properties don't care ish about tribe.

While you bicker and fight your e-wars to protect your imaginary tribal dynasty, Elumelu and Adenuga, Otedola and Jim Ovia, Dangote and Otudeko, Bello Osagie and Pascal Dozie would be cooling off to some Cuban Music somewhere where they usually discuss how to increase their fortunes and to do so, they would employ only the best whether you are Yoruba, Ibo or Hausa.

Once again, I sympathise with you tribalists.

From this point on, I would discuss only the merits of this wonderful project which I believe would be an example of the Africa of the future. I believe new cities and very modern cities would be built across Africa that would herald the coming of a modern continent that would command respect globally in the coming decades.

Aigbofa: Despite that, have you ever heard the Chagouris claiming to own Lagos or calling Lagos a no man's land? Did you think 100% of the land will be sold to Yoruba in the first place? What is the source of your ethnic breakdown of who bought land there?

The sad reality you guys have failed to embrace is that tribalism pays nobody. It only serves to hurt you.
Chaougory would not claim to own Lagos as it belongs to everybody that has bought land there. But he can well claim to be the custodian of Banana Island, as well as the owner of the land on which Eko Hotel sits and also this magnificent new city being built.

Tribal ownership of land in urban communities is a figment of the imagination of those who believe such. Those folks are omoniles at best. While you keep claiming ephemeral tribal ownership, others have gone ahead to acquire certificate of ownership.

Source of ethnic breakdown?? Like you seriously believe there is a list on Eko Atlantic stating what ethnicity purchase land there?? This tribalism is getting serious. Well let me oblige you. Most of the land is purchased in the name of companies majority of which(over 90%) were owned by non-Yoruba. Many are owned by Foreign Investment vehicles and the local owners are the same kind of folks that own real estate in Ikoyi & VI. So imagine the likes of Orji Kalu, TY Danjuma, Jim Ovia, Elumelu et al.

Please lets look beyond tribalism and discuss the merits of this wonderful city and its capacity attract huge amounst of investments to this country.

[quote author=Rhino.5dm]Fixed.

Stop deluding yourself. Abi na spare part money Fashola dey take build am?[/quote]Actually, while I was writing the post, I was tempted to add that the only thing that would see the downfall of this beautiful city is the inclusion of tribalism and nepotism. But I refrained myself because I didn't want to bring tribe into it. But, you have done it already, so I will be nice enough to answer you.


The promoters of this project don't share the same mindset as you do. They are business men and they are out to make money. Chaugory, the chief promoter has no business with tribe. He is a Lebanese man who understands the rudiment of business. Its simple. First come, first serve. You pay, you get your land and build your dream. No questions about State of Origin. And you know what, in the first phase almost 80% of the land has been sold and over 90% were sold to . . . . . . . Non Yorubas. You heard me, Non Yorubas. Go check the records if you have the priviledge.

Can't wait for this city to become reality!! It would herald the coming of age of the African continent!
It would be a city of Africans, by Africans for Africans.
Once again, can't wait.

These Pictures should be a warning to Nigerians!!


When your politicians call you to start a revolution because they lose out on a power struggle, don't heed their call. Simply tell them to bring back their kids from Paris, London, Dubai and Los Angeles and put them on the frontlines.
Only then should you heed such a call.



This warning goes to all lovers of a certain old man(an ex coupist/head of state) who keeps promising us blood if he fails to win elections he has lost 3 times. This warning also goes to all lovers of one a certain loud mouth(an ex-militant) who loves chest thumping about war if his candidate is not re elected.


Nigeria's economy is booming. Let's work hard to make it a prosperous nation. Lets hold our leaders accountable. And if we must protest, lets do so in peace and more importantly lets focus our protests on our localities where the pains of underdevelopment are more evident. The money we use in buying jeeps can start factories. The money used in buying land in Lagos can start a huge factory. I repeat, this economy is booming. We just need a change in culture. We need to move from a culture of consumption to a culture of production. When you get a little money, your question should be what can I produce instead of what can I consume. That way jobs would be everywhere. About the power sector, it is coming up, albeit slowly. I repeat, don't listen to any politician who tells you rubbish about revolution.


We don't want the Egyptian situation in Nigeria. I visited Egypt twice in 2005 and I found it a very beautiful country. I found the people living prosperously. They were happy under Mubarak. They were free. I saw them at parties in the hotels I stayed in. They were so friendly. I remember meeting former Vice President Ekwueme there. The country was booming. Today, two and half years after the so called revolution, the country is in blood and turmoil and trepidation and everything has gone down. I weep for Egypt.

This move is very strategic.
Soludo will be recalled.

The goal is simple.
1) Create a perception of transparency.
If you read the names of those disqualified, you'll find that the most popular candidates are on that list. Soludo and Obaze. Also, Idigo who is Obi's very personal person was also disqualified. With this, the process has an appearance of transperency right from the start.
Secondly, look at the reasons for disqualification: Tax Clearance, Finance and Voter's card. Even me sef go qualify with these easy barriers.

2)Taint the opponents
By making a South Western Muslim be the disqualifier of Soludo, the impact would be negative on Ngige who is is already seen as a stooge for South Western Muslims in the like of Tinubu.

3 )Popularize Soludo
The newspaper headlines are awash with the disqualification of Soludo. That has put his name at the forefront of the elections. It will get Anambrarians talking. The man will look victimized. And in turn would attract sympathy.


Soludo would be cleared today. She na Tax Clearance and Voters card and Financial capacity them say make im bring. Well a former CBN governor would not have a problem with any of that.

Not good for APC!

[quote author=OPC.NAIRALAND]As you can see yourself our people need more resources and welfare to sustain. The high population of Ibos in Lagos has strained our ability at Lg and State level to meet the first obligations of providing security for the Yoruba indigenes. We therefore must bring about programs to change this inadequacies and part of that will be a shift in trend of Ibo population.

1. Destitutes and delinquents of Ibo origin will be transported back to head bridge, Onitsha.

2. Tax defaulters and evaders of Ibo origin will have their business license revoked and their properties sealed.

3. Armed robbers, kidnappers, rapists of Ibo origin will be prosecuted by law and upon conviction will be deported to go serve their time in Onitsha and beyond.

4. Migration control posts will be established to help manage regional crossings.

This 4-point initiative will be reviewed every 4yrs and evaluated for sustenance.

Our people are hereby urged that in order for the initiative to succeed and a robust food security and social welfare program to hold they must support the efforts of their Lg, their state government and OPC.[/quote]Apparently, from your post, all I can deduce is that "your people" are not capable of competing favorably with people from the other side of the Niger.
In business, they'll outdo your people.
In Education, they'll outdo your people.
In jobs, they'll outdo your people.
In property acquisition, they'll out do your people.

I totally understand. You need to drive them out because you cannot compete with them.

oddy1113: The business plan should include an executive summary supporting documents and financial projections . Business planning is one of the most crucial parts of starting a business . You'll earn the trust of investors distributors suppliers and staff .

forbrukslån på dagen

All those things are cliche. These days peeps hardly have the patience to go through pages upon pages of business plan.

An executive summary is essential, you financial model is neccesary but the rest well you can just input the.

neily: @op sorry, what do you mean by "change" i don't understand

Haba!! Are you in this world. Change is the balance given anytime you pay more for something. Even in the US they call it change.



@tOPIC

The thing is worrisome. It surely is coming from the CBN. It has potential to cause serious inflation. I find myself leaving change for many traders. When a trader doesn't have change he will sell the product to the next rounded figure.

Yeah nice questions & analysis. But it is flawed because of bias.

While I agree that Per Capita income is one of the factors that determine Passenger traffic, there are other factors that also influence passenger traffic like commerce, govermental agreements, geography, etc. For instance, an economy that is more vested in import commerce is more likely to attract international passenger traffic than say an economy that is civil service oriented notwithstanding the PCI figures.

More than population, the factor that makes Lagos have a much higher passenger traffic figure than the rest of the country has a lot to the with the availability of airlines. There are more airlines with direct flights from Lagos than from other cities. If I have to fly direct to Dubai, I am more likely to settle for Emirates which flies only from Lagos even if I'm based in Abuja whose airport would have been more convenient for me.

Also Airlines choose their flight routes not primarily on business cases but on governmental factors that are represented in code-share agreements. If an airline is given 5 slots a week, it will make no sense for it to spread that slot across the country when it hasn't utilized it effectively in one location.


The potential Profitability of Enugu Airport is largely predicated on the willingness of airlines to utilize the route. No airline will be willing put to scarce slots on a route that is new and would take some getting used to garner passenger traffic. The only thing that can bring more airlines which in turn would increase passenger traffic is for the government to give incentives to airlines that choose to ply the route and that might just be what Ethopian Airline must have gotten.


The market potential for the airport is very huge given the amount of international commerce that happens in Nnewi, Aba and Onitsha. That alone is enough to generate profitability for the Enugu International Airport.


[size=14pt]The biggest discovery of the link you provided is that Enugu Airport alone carries more than 10 times the number of passengers all the 5 states of the south west carry combined. The 5 states of the south west( Oyo, Ondo, Ogun, Ondo and Ekiti) have two Airports. One in Ibadan and one in Akure. While Enugu airport did 32,000 passengers in the first half of 2012, Ibadan Airport did 3000 passengers and Akure Airport did 600 passengers in the same period.
[/size]
And this happened despite the fact that there are 7 other very functional airports less than 300km from Enugu in Owerri, PH, Uyo, Calabar, Benin, Warri, Asaba. The big question is more about why the south west airports are barely functional.

Yorubest: How come GEJ ignored him when he wrote a petition to the FG against BRF?

The same GEJ was in Lagos with BRF a few days later and still didn't make any mention of it

Now he's with Obi in Yenegoa and still the issue is like dead and forgotten

This means should BRF relocate more igbo destitutes in Lagos, nothing will happen

Aaaayah, You are still a kid.

When will you be 18 so that you can then be eligible to vote?

kismo: I need someone to invest at least 500k in my business plan. It's a telecom business which I can assure you of making at least 70k per month without your direct involvement (it is not airtime business). If you are interested, you will have to come and meet me at Ibadan so that we can sign a deal. It will involve a lawyer because we shall sign some legal documents. So you got to have your own lawyer. If you need to call me, check my prevous posts for my number or pm me. Moderator, please don't delect this thread. You too can take up the offer if you have the cash. It is real.

One of the key components of success is the ability to market your product effectively. You've said nothing tangible enough about your plan for anybody to be interested. Asides an investment that gives a return of a little above 30% in a year would probably not excite too many people.

Why not give the details(without revealing too much) of your plan so that people can be sure of what they seek to get into.

If you dont state the business and get people excited about the prospects, then you would not get any interested parties.

Nifor is a good starting point.

Visit NIFOR's website.

www.nifor.org

mojounited: Excellent news. But be ready to start paying through your noses, British Gas don empty my account finish...

We already pay through our noses via the constant running of our generators. My Generator consumes on a good day 1000 Naira daily on fuel. Multiply by 30 days and that is 30,000 Naira which is $200. Add that to my electricity bill of 15,000 monthly which is almost $100. That is a total monthly of almost 50,000 Naira which equates to $300. And yet the light isn't constant.

I never paid up to $150 per month on electricity bill through my stays in Europe and America.

Nigerians are ready to pay any amount monthly to get constant power supply.

And there is not a single picture in this 2013 that even Nokia Torch phone sef don get camera.

APC is actually dead on arrival because instead of building a political party based on principles and ideologies, they are building one based on the PDP and Jonathan.

Its foolish to assume that the APC would take over Abuja from a sitting president who is still quite popular(as is obvious on Nairaland). The best bet for the party would have been to strategically seek to get more Governors and Legislators such that after 2015 they can either seek to impeach the executive or at least prepare for 2019.

There is too many reason why APC would fail. And the biggest of all is the ambition of its leaders.

From the table, I noticed another interesting fact that is not party related.

The states with the highest debt profile: Lagos($611m) Cross Rivers($113m) and Ogun($102m) happen to be the states recieving by far the highest amount of Foreign Investments and funnily in order of thier debt.

It might actually show that debt is a very good thing if utilized properly. The best countries in the world used debt to grow their economies. The biggest companies in the world use debt to grow their businesses.

Lagos recieves investments in Real Estate, Hotels, Manufacturing etc. Cross River has attracted over $2billion in the past one year alone. GE is opening a plant. Ebony Life TV Launched in Calabar. Wilmar is investing heavily in oil palm and the list goes on. Ogun state has just gotten Procter and Gamble with investments of $250 million aznd so on and so fault.


Debt is good as it hastens development when utilized properly.