₦airaland Forum

Believeintruth:
do you know how swampy the Niger delta is? guy this is not draining of VI or Lekki i have been there and it is highly intense and deep, during colonial times even the british abandoned the idea severally. If you have been there, you will not even utter this rubbish.

If some part of the Atlantic ocean can be sandfilled and a city built on it, sandfilling and building bridges on the swampy terrain of the Niger delta.

Believeintruth:
Bonny Bodo road is very minuscule compared to sandfilling a large portion of a very deep mangrove swamp that stretches for miles from Delta to Rivers.

There's no big deal in it. Bridges and roads were constructed on the bonny bodo road, it will be done one the Lagos calabar road too. The most important thing is money. So far there are funds available, the construction of road and bridges in Delta, Bayelsa and Aka Ibom is not a big deal

The Eleko axis that's currently been sandfilled is a swampy area. Victoria Island was once a swampy area

Where the Dangote refinery is located is a swampy area

Bobloco:
Don't get it twisted.

We are asking APC to return the exchange rate to where it was simply because they used it to campaign against the PDP.

Don't get it twisted

APC will return it to what it was when Abdulsalam handed over to Obasanjo

Independent electoral commission should be centralize

wetrlr:
Believe this fake stories at your own peril.

Fitch is a reputable organisation.

Tinubu is on the right path. He just needs to get the exchange rate issue right. If the dollar can fall and stabilize bellow 1000/$, it will lead to the rise of business activities

vozkined:
Just see wetin u type, soo d dollar rate no affect other band shey, because na yen them do use abi?

They are enjoying government subsidy.

Credit rating agency, Fitch Ratings, has upgraded Nigeria’s credit rating outlook to positive.

It said the positive outlook partly reflects reforms over the last year to support the restoration of macroeconomic stability and enhance policy coherence.

The new rating, second positive outlook in the current administration, comes six months after it raised foreign-currency issuer default outlook to ‘B-‘ with a stable outlook.

It said that reform progress since President Bola Tinubu came to power in May of last year was faster than it anticipated.


“The Positive Outlook partly reflects reforms over the last year to support the restoration of macroeconomic stability and enhance policy coherence and credibility,” Fitch said in a statement obtained by our correspondent on Friday.

“Exchange rate and monetary policy frameworks have been adjusted, fuel subsidies reduced, coordination between the ministry of finance and the Central Bank of Nigeria improved, central bank financing of the government scaled back and administrative efficiency measures are being taken to raise the currently low government revenue, as well as oil production.”

It also retained Nigeria’s long-term foreign-currency issuer default rating at B-.

The ratings firm had earlier expressed concerns that weak governance, security challenges, high inflation, structurally low non-oil revenue, high hydrocarbon dependence, and weakness in the exchange-rate framework would constrain economic growth in the West African nation.

Yet, it also expressed optimism that Tinubu would carry out market-friendly reforms, in contrast to predecessors who pursued unorthodox policies that deterred investment.


Tinubu, who marks a year office this month, has initiated policy changes including reducing costly fuel and electricity subsidies, while allowing the naira to trade more freely.

Fitch added that the reforms has reduced distortions stemming from previous unconventional monetary and exchange rate policies, resulting in the return of sizeable inflows to the official foreign exchange market.

It further explained that a 70 per cent depreciation and savings from the reduction in subsidies have boosted the government’s naira income and improved its fiscal outlook. Investors have largely welcomed the measures, with Nigerian stocks rallying to a record high and dollar bond yields declining.

“The reforms have reduced distortions stemming from previous unconventional monetary and exchange rate policies, resulting in the return of sizable inflows to the official foreign exchange market.

“Nevertheless, we see significant short-term challenges, notably, inflation is high and the FX market has yet to stabilise, and the durability of the commitment to reform is to be tested.”

The government has said it’s seeking to boost its tax-to-revenue ratio to about 18 per cent of gross domestic product from 10 per cent currently, one of the lowest levels globally. It also hopes to cut the ratio of revenue that goes to debt service to 45 per cent this year from about 98 per cent in 2023.

Efforts to cut the debt-service burden have been complicated by a 600 basis-point increase in local interest rates as the central bank seeks to curb accelerating inflation, which is at a 28-year high.

Public debt in Africa’s most populous nation has risen more than seven-fold since 2015 to N108 trillion as of December, with 39 per cent owed to external creditors including multilateral and commercial lenders.

“Fitch anticipates further increases in the CBN monetary policy rate in 2H24 (following the 600bp hike to 24.75 per cent since February 2024 alongside tightening of reserve requirements) and strengthening of monetary policy transmission, after the recent resumption of open market operations at rates closely aligned to the MPR. We project inflation, which rose to 33.2 per cent yoy in March due partly to exchange rate pass-through and rising food prices, to average 26.3 per cent in 2024 and 18.2 per cent in 2025, still well above our projected ‘B’ median of 4.5 per cent.”

https://www.google.com/amp/s/punchng.com/just-in-fitch-grades-nigerias-credit-outlook-positive/%3famp

If the exchange rate can fall below 1000/$,electricity tariff will fall the more.

Good one from the best DISCO in Nigeria

infohenry:
Construction to Tinubu investment, ask your self where will Hitech get 11trillion naira which is their 70% contribution to the project

For now, construction is ongoing at a very fast pace. I can't wait for the first phase to be completed. VI to Dangote refinery.

Nigeria will be the first country to build a 700+km highway

seunlayi:
But you know the truth but arrogance won't allow you to follow the path of truth.

Alright

Construction is ongoing like this like this

It's not stopping

My mouth was wide open when I was at Eleko last week. Construction is ongoing

Bobloco:
You have been listed as one of the enemies of this country who chose to close their eyes to the lack of transparency and accountability surrounding this gigantic project embarked upon by the Tinubu administration.

Alright

Construction is currently ongoing in Lagos state as we speak.

MrProlific95:
no road is been constructed

The road construction is moving at a fast pace in Lagos state

No amount of wailing will stop the construction.

DrAkpamudehe:
Agbado REST

DrAkpamudehe:

Only fools believe that road will be a reality. That road will end in Epe and that's it.

Nah your uncle wey just enter lagos tell you say the road will pass through Epe abi?

Nah Gbajue teach am

wetrlr:
If you still disagree , then let us list them. The only Countries with coastal highway running along their entire coastline are really small Countries like Togo or Benin republic.

If Umahi and Bola are allowed to embark on this pink elephant of a project, the looting will be unimaginable.

Did you also know that Nigeria has never in its 110 years of existence, built a single road that is up to 700KM? You wan wound Nigeria?

Your question won't stop the construction of the road


Nigeria will be the first country in the world with a 700+ km coastal road.

DrAkpamudehe:
As an omo Eko, born and bred in surulere in the 70s, among the first set of pupils in elitist fountain private school surulere in the 70s, with about 9 landed properties owned by me, my family home and siblings, as well as a thorough fluency in Yoruba language, I have more stakes to Lagos than you hoodlum from ogobomosho who is claiming Lagos indigene. So shut your smelly mouth up

Why did you claim the road will pass through Epe? Why did you lie Chijioke?

DrAkpamudehe:
Whatever, but the road will end in Lagos.
Agbado bigot

But why did you lie?

You have never been to Lagos state, instead of you to be more concern about what's happening in Abia state, you're crying over what you have no power to stop neither will your wailing make the project to stop

Good one from the best DISCO in Nigeria

ajog1:
Despite the years, and roll over of adminstrations it took to complete the second niger bridge- a bridge of less than 2km, and not to forget the overly- bloated and inefficiency with which government runs project; you still think those critizing the reality of running a 700kms of road project within 8 years don't have solid reasons for doing so.

The construction of the road is moving at a fast pace in Lagos as we speak.

DrAkpamudehe:

Only fools believe that road will be a reality. That road will end in Epe and that's it.

Look at this one ignorant comment.

The road won't pass through Epe, it will pass through Ibeju Lekki.

You guys in the south east should stop all this ignorant comment.

Ezeama400:
They know it's highly impossible..

Tinubu will build only Lagos side, then promise SS that he will complete it if they vote him in 2027, since his Northern Masters have started forsaken him..

The unrealistic project is all about siphoning of public fund and 2027 election plans

Eleko is also a swampy area

Go and check out the construction of the road on a swampy area at Eleko.

Where Dangote refinery is built on was a swampy area.

creativeworld:
https://www.youtube.com/channel/UCmoFPOMk7M96yi_eWSdzfgA?sub_confirmation=1

EWI DON, Kunle Ologundudu Slams Tinubu over Fuel Price as he call on Nigerians to fight for themselves

Watch full video below!


https://www.youtube.com/watch?v=H0yjMVAbPeg?si=-Nd_B690lnia5HNa

When is he going to lead the fight?

Kindnessprocity:


You can call me wicked, I don't care, this lady messed up my mental health badly while still gaslighting me,I was trauma-bond . At a point she start making it obvious she's out of the relationship, I literally want to die and she cares less, then I noticed its because of a guy she's tagging her friend she's giving those mad silly attitudes, she starts shouting at me things she doesn't do before, ghosting my status, I even begged and begged this lady is manipulating me.

Then I did the unthinkable I digged out the guy's number, through some connections, I told him how the girl came to spend days with me after she left his place,she's my girlfriend Bla bla bla.

Before I did all these I told her, she begged me heaven and earth but I didn't bulge, I just saved the guy from falling in love with a narcissist and hookup babe.

I was surprised she's asking for mercy when she doesn't have any to give. NONSENSE GIRL.

This girl has master the act of seducing men, through love bombing to make you become so attached to her, luckily for the guy he told me he's starting to like her and see her differently, but I told him with concrete evidence she's just painting a false pic of herself...

I'm satisfied 😌

Can't post all chats but the chats was very long.

Did I do wrong?

She wicked me,I just do my own back...and they guy even loved the chat he had with me.

As for me, you did nothing wrong. You should have the strength to move on now from the beech

But if am in your shoes, I won't do what you do, I will just work on moving on.

NorthernAgender:
The kuramo has already been completed.

It's still under construction.

The first phase will start at VI and end at Dangote refinery. Then from Dangote refinery to Ogun border with Ondo state.

Whether they criticize the project or not, the project wont stop.

Construction is ongoing at 3 different section of the road in Lagos.

jmoore:
I have made several complaints to Abapower customer care and they have not resolved this, that’s why I am bringing this out to the public.


Abapower placed us on the wrong band, thereby overcharging us, which is extortion. My district is Ariaria district under Ukwa 33 feeder, Enyimba transformer We are on prepaid metre. I previously complained about the 95 naira per unit they were charging us because the power supply in our area is poor, only to check a week later to see that they have increased the charge to 102 naira per kwh. R2SB-NMD is what is on our receipt, which is a wrong classification.


To paint the true picture of power supply in our area, I took down records from Sat 27th April to 3rd May 2024. Sat 8 hours supply, Sunday no power, Monday 3 hours supply, Tuesday no power, Wednesday 45 minutes supply, Thursday no power, Friday 1 hour. Out of 168 hours, they only gave us power for 12 hours 45 minutes of power supply in a week, which is not up to 10% of 168 hours. This means the average supply per day is around 1.7 hours a day.

The lowest band category by NERC is Band E, which is a minimum of 4 hours a day but we are getting an average of 1-2 hours per day and are being charged same rate as those in Band B.

I really doubt Aba power is affected by NERC regulations and tariff. Aba power is 100% owned by the private sector.

vengertime:
Even though it would benefit my state(Port Harcourt) if it was possible. People shouting coastal highway have never been to the water front areas,

If you have ever been to Lagos and you know third mainland bridge. That's the kind of bridge you would need that will cut across the stretch of Delta State, Bayelsa and Port Harcourt talkless of Akwa Ibom.

These areas are creeks and mangroves sea.

For me what I understand it's going on here is that Chagoury man wants to use coastal highway tactics to claim Lagos water front. That's why his company started sand filling wether anyone like it or not.

The first picture below is Delta State area alone. To fund the high bridge that will cross these areas America, Chinese and Europeans will have to come together to fund it for us.

The whole of VI was once a swamp

Where the Dangote Refinery is located was once a swampy area

Construction work for the Lagos calabar road is ongoing at Eleko, where the road will pass through at Eleko is a swampy area, go there and check how it's been built up

Swampy area is not a big deal

Go and makw research about the bonny bodo road