₦airaland Forum

Just30:
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Go and learn

We have more office space and pricing alone compel company to buy or build their own spaces than rent at some of the most expensive prices in the world. There are more than enough space for govt ministries such that we can create new ones today and they will have a space by tomorrow.


The demand for luxury is not determine by supply ... No matter how many is supplied, prices will still remain high.

Some cities just create a kind of status that determine pricing.

That's economics 101 go and learn

Accra is not any more luxurious than let's say Blantayre Malawi.

Kano-Kaduna Railway to be completed in 2022 and operations to be active by December as Federal Govt disburses $400m for the 284km project with 15 stations (Not loan) . The initial single-lane construction plan has also been changed to become a dual carriageway, and we also have the

https://www.youtube.com/watch?v=QndfoX4t4YI

And we also have the FG 375km Dualization and reconstruction of Abuja-Kaduna-Zaria-Kano road project will also be completed in the 2023 , No nation in Africa is massively investing in Infrastructures as Nigeria : FACT!

https://www.youtube.com/watch?v=rOTxBqGYI30

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rvp2018:
Yeah Ghana is a very wealthy slumpolis.

Madness as always.

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rvp2018:
Most integrated nonsensical crap.. tell us potential impact on reducing traffic in Lagos .which has world worst commute

Ok, The introduction of Lagos Integrated Rail Transport System will reduce considerably, the amount of traffic on the road at any given time, thereby reducing drastically the constant traffic congestion on the roads because they are very convenient and comfortable to travel on. Since they are cheaper than regular commercial buses, taxis or driving a private car, people naturally would prefer to travel in them. They are also faster than other forms of road transportation. This would be a welcome relief to those with car, LRT has an exclusive right of way hence the issue of traffic congestion is completely ruled out. Since it’s six times faster than the automobile or regular commercial bus, passengers would reach their destination and back in little or no time.
For instance, Lagos BRT system Ikorodu and Mile 12 have Some positive impacts

rvp2018:
El sisi has fixed their structural and systemic issues - and there is political stability now.

Unlike South Africa who last made serious reforms in 1990s - Egypt has just about finished reforming it's economy and it's institutions.

Egypt had these issues "Large budget deficits, loose monetary policy, and a fixed exchange rate had resulted in a drastic reduction in foreign exchange reserves, high inflation, and unsustainably high levels of public debt. Growth had fallen and unemployment increased, especially among women and youth."

But now they have fixed them - and their economy is starting to fire on all cylinders.

They are targetting 6-7 percent growth rate - meaning you'll never see them GDP nominal wise - per capita - they are still below you
https://english.alarabiya.net/business/economy/2021/04/27/Egypt-announces-new-round-of-reform-plans-targets-GDP-growth-of-6-7-pct-

Meanwhile you're unable to reform almost anything - your parliament is just producing copious noises as Malema & ANC engage in war of words ad nauseum - and ZERO REFORMS on resolving land issues, immigration, ESKOM and education

Cool story bro....and yet our inflation rate is a lot lower, our interest rate is a lot lower, lower gdp to debt ratio, we have a higher investment rating, better "ease of doing business" ranking,much higher QOL ranking, lower cost of living, higher GDP per capita, rank higher in terms of education, rank higher in terms of infrastructure must I go on?

- As for Eskom: Independent power producers are now allowed to enter the market, hence Eskom does not have a monopoly anymore

-as for education : we rank the highest in Africa... So yeah

- as for land: it's simply a political scape goat... According to a census done by the government itself literally only 1% said land is a pressing issue, things like job creation, education, housing and crime are the actual issues people want sorted... Not land

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gallivant:
Accra is not any more luxurious than let's say Blantayre Malawi.

[/s]

Industrialization of Nigeria is slow but certain
IMOTA RICE MILL TO START PRODUCTION FIRST QUARTER 2022- : Africa's largest RIce Mill
•Governor tours project site, shows excitement at progress
Barring any exigency, the 32-metric tons per hour Rice Mill being constructed by Lagos State Government in Imota area of Ikorodu division will start operations before end of first quarter in 2022. Governor Babajide Sanwo-Olu gave this assurance after touring the project site on Friday.
Sanwo-Olu said the facility would be subjected to a pre-production test run before the end of first quarter next year, after which the full production capacity would be activated rice production.
Two years after his first visit, the Governor went on an on-the-spot assessment of the biggest agro project being undertaken by a sub-national Government. He was accompanied by Commissioner for Agriculture, Ms. Abisola Olusanya, and members of the State cabinet.
Sanwo-Olu said he was elated by the progress achieved on the site, having met the project from the foundation level. He said the project was expected to have been delivered by the end of 2020, but for the disruption occasioned by the outbreak of Coronavirus (COVID-19) pandemic.
The Governor said the new deadline remained sacrosanct, promising to prevail on all contractors working at the site to ramp up their activities before the next year first quarter.
He said: “I am happy with what I am seeing on the site and we are working to meet the deadline for the pre-production test run. We are going to charge on our contractors working on site to ensure that by the end of the first quarter next year, this mill should have started operations; that is, we should start producing rice from here.
“What is left is to see how quickly we can ramp up work on the storage facility, which has the capacity to take production up to three to six months. There are 16 silos which have combined capacity of 40,000 metric tons. Each has 2,500 metric tons. The two sections of the silos are at about 85 and 70 per cent completion.”
Sanwo-Olu said construction work on the storage facilities would be completed in the next four weeks, after which major cleanup would commence across the major site in preparation for production test run.
When delivered, the Governor said discussion around operation mode and production process would begin. He said full production of the facility would drastically reduce prices of rice and pressure to purchase the commodity.
“We are very much excited with how far we have gone on the construction. We are believing that all the contractors are working collaboratively to ensure the deadlines set are met,” the Governor said.
The rice mill has been built with a capacity to produce 2.8 million bags of 50kg bags of rice yearly, while generating 1,500 direct jobs and 254,000 indirect jobs.
The State Government is also developing an industrial park adjacent to the mill. The Governor said the park would have amenities that would make businesses thrive and bring returns on investment to business owners.

Kazikazi:
Which agriculture are u talking about?
What I know is,Kenya has only flowers,tea and little avos. What else?
TZ is more diversified than kenya

According to almost every statistics out there Kenya is wealthier than Tanzania. That's the bottom line my great neighbor.

68816419:
Industrialization of Nigeria is slow but certain
IMOTA RICE MILL TO START PRODUCTION FIRST QUARTER 2022- : Africa's largest RIce Mill
•Governor tours project site, shows excitement at progress
Barring any exigency, the 32-metric tons per hour Rice Mill being constructed by Lagos State Government in Imota area of Ikorodu division will start operations before end of first quarter in 2022. Governor Babajide Sanwo-Olu gave this assurance after touring the project site on Friday.
Sanwo-Olu said the facility would be subjected to a pre-production test run before the end of first quarter next year, after which the full production capacity would be activated rice production.
Two years after his first visit, the Governor went on an on-the-spot assessment of the biggest agro project being undertaken by a sub-national Government. He was accompanied by Commissioner for Agriculture, Ms. Abisola Olusanya, and members of the State cabinet.
Sanwo-Olu said he was elated by the progress achieved on the site, having met the project from the foundation level. He said the project was expected to have been delivered by the end of 2020, but for the disruption occasioned by the outbreak of Coronavirus (COVID-19) pandemic.
The Governor said the new deadline remained sacrosanct, promising to prevail on all contractors working at the site to ramp up their activities before the next year first quarter.
He said: “I am happy with what I am seeing on the site and we are working to meet the deadline for the pre-production test run. We are going to charge on our contractors working on site to ensure that by the end of the first quarter next year, this mill should have started operations; that is, we should start producing rice from here.
“What is left is to see how quickly we can ramp up work on the storage facility, which has the capacity to take production up to three to six months. There are 16 silos which have combined capacity of 40,000 metric tons. Each has 2,500 metric tons. The two sections of the silos are at about 85 and 70 per cent completion.”
Sanwo-Olu said construction work on the storage facilities would be completed in the next four weeks, after which major cleanup would commence across the major site in preparation for production test run.
When delivered, the Governor said discussion around operation mode and production process would begin. He said full production of the facility would drastically reduce prices of rice and pressure to purchase the commodity.
“We are very much excited with how far we have gone on the construction. We are believing that all the contractors are working collaboratively to ensure the deadlines set are met,” the Governor said.
The rice mill has been built with a capacity to produce 2.8 million bags of 50kg bags of rice yearly, while generating 1,500 direct jobs and 254,000 indirect jobs.
The State Government is also developing an industrial park adjacent to the mill. The Governor said the park would have amenities that would make businesses thrive and bring returns on investment to business owners.

why is state engaging in business?how efficient will it be.This is what ail nigeria.wasted grandiose project

68816419:
Ok, The introduction of Lagos Integrated Rail Transport System will reduce considerably, the amount of traffic on the road at any given time, thereby reducing drastically the constant traffic congestion on the roads because they are very convenient and comfortable to travel on. Since they are cheaper than regular commercial buses, taxis or driving a private car, people naturally would prefer to travel in them. They are also faster than other forms of road transportation. This would be a welcome relief to those with car, LRT has an exclusive right of way hence the issue of traffic congestion is completely ruled out. Since it’s six times faster than the automobile or regular commercial bus, passengers would reach their destination and back in little or no time.
For instance, Lagos BRT system Ikorodu and Mile 12 have Some positive impacts

yes that better.. reducing travel time by 30mins is great.. otherwise integrated means nothing...Lagos has to think about moving millions like Tokyo city.. because that many people in Lagos deserve to move fast

jl115:
50% Kenyan DNA.....for all we know his brain could have come from his mom

The bottom line is , he's an African, he's a black, the Kenyan man did his thing and produced a half -cast. The rest is history.

Barack Obama, the 44th president of the United States and the first black president , was elected over Senator John McCain of Arizona on November 4, 2008. Obama, a former senator from

samorobo:
Are you dumb to see oil price is at about $75 per barrel?

Where is soaring? Drop the data, let's see the difference and growth rate - don't display ignorance.

CSTRR:
Our companies are collapsing?

In which reality?

Companies that are scaling up?

Clown.

Don't be ignorant. Information is all over the internet.

Over the past few years South Africa, Kenya and Nigeria have become hubs of start-up creation. In 2019, Nigeria raked in $663.24 million worth of start-up investments, followed by Kenya and South Africa. But when it comes to the trend in shutdowns, Nigeria experienced more shutdowns at 61.05 percent as compared to the other two .

CSTRR:
Our companies are collapsing?

In which reality?

Companies that are scaling up?

Clown.

If you want a glimpse of some of the failing companies, here they are:

OLX (classified forum), Efritinzs, Fero, Wiko, Wechat, Tambo Mobile, Easy Taxi, among several others.

Shma:
Don't be ignorant. Information is all over the internet.

Over the past few years South Africa, Kenya and Nigeria have become hubs of start-up creation. In 2019, Nigeria raked in $663.24 million worth of start-up investments, followed by Kenya and South Africa. But when it comes to the trend in shutdowns, Nigeria experienced more shutdowns at 61.05 percent as compared to the other two .

But our figure in 2021 is almost double that of 2019. In fact 2021 was one of our best years ever in terms of the number of start ups and our best ever in terms of funding. So if we are to believe your data, many startups in Nigeria probably shut down in 2019 only for us to have so many more in 2021 than we ever had in our history.

samorobo:
Olodo I have told you to avoid economics like a plague.See you confusing and contradicting yourself. For starters china is not a developed country but a developing country like Africa .Her gdp per capita should be slightly higher than those of SA,Namibia, and the likes.

Dumbo, what are you're talking about is not economics. These are basic information that a grade 2 can google and paste here.

For starters, you should be able to tell the difference between macro & microeconomics and decompound data appropriately. Those are fundamentals of the basic economy, dimwit.

Shma:
If you want a glimpse of some of the failing companies, here they are:

OLX (classified forum), Efritinzs, Fero, Wiko, Wechat, Tambo Mobile, Easy Taxi, among several others.

But Nigerian tech sector does not look like it's failing at this point in time but rather moving to her peak.

GeneralDae:
But our figure in 2021 is almost double that of 2019. In fact 2021 was one of our best year ever in terms of the number of start ups and our best ever in terms of funding. So if we are to believe your data, many startups in Nigeria probably shut down in 2019 only for us to have so many more in 2021 than we ever had in our history.

Most of your thriving companies are subsidiaries. The rest are failing due to test of time.

Shma:
Most of your thriving companies are subsidiaries. The rest are failing due to test of time.

What da hell are you saying my man. Where do you get your info from?

Shma:
The bottom line is , he's an African, he's a black, the Kenyan man did his thing and produced a half -cast. The rest is history.

Barack Obama, the 44th president of the United States and the first black president , was elected over Senator John McCain of Arizona on November 4, 2008. Obama, a former senator from

well he's not African,and he's not black....
otherwise by the same definition all Black Americans are African.

GeneralDae:
But Nigerian tech sector does not look like it's failing at this point in time but rather at its peak.

Be specific - I believe only two tech companies
in Nigeria are doing perfectly well: OPay, Flutterwave, and Interswitch.

No hate though, I give you on that

jl115:
well he's not African,and he's not black....
otherwise by the same definition all Black Americans are African.

There's a reason they are called African Americans. It's not for fashion.

GeneralDae:
What da hell are you saying my man. Where do you get your info from?

RCC for instance, .

jl115:
well he's not African,and he's not black....
otherwise by the same definition all Black Americans are African.

Argue till you turn green.

Shma:
If you want a glimpse of some of the failing companies, here they are:

OLX (classified forum), Efritinzs, Fero, Wiko, Wechat, Tambo Mobile, Easy Taxi, among several others.

This guy is a clown.

Shma:
Don't be ignorant. Information is all over the internet.

Over the past few years South Africa, Kenya and Nigeria have become hubs of start-up creation. In 2019, Nigeria raked in $663.24 million worth of start-up investments, followed by Kenya and South Africa. But when it comes to the trend in shutdowns, Nigeria experienced more shutdowns at 61.05 percent as compared to the other two .

What is the percentage of tech inflows coming to Nigeria compared to Kenya or South Africa?

Nigeria attracts more tech investment, of course it would experience more losses.

Most business ideas fail. It's the same in tech.

It doesn't change the fact that Nigeria is the tech hub of the continent and will remain so for the forseeable Future.

Even this year, Nigeria is going to attract more tech investments than both South Africa and Kenya.

The Andela founder plans to create a tech city in Lagos and another Nigerian city, starting this year.

They are still sourcing for funding though they have already bought the lands.

A place to congregate the best African tech talents located in Nigeria to build and create.

Shma:
Don't be ignorant. Information is all over the internet.

Over the past few years South Africa, Kenya and Nigeria have become hubs of start-up creation. In 2019, Nigeria raked in $663.24 million worth of start-up investments, followed by Kenya and South Africa. But when it comes to the trend in shutdowns, Nigeria experienced more shutdowns at 61.05 percent as compared to the other two .

Nigeria is tough place to do business...I pity investor who don't do a through job...they will lose money and smear Africa

CSTRR:
What is the percentage of tech inflows coming to Nigeria compared to Kenya or South Africa?

Nigeria attracts more tech investment, of course it would experience more losses.

Most business ideas fail. It's the same in tech.

It doesn't change the fact that Nigeria is the tech hub of the continent and will remain so for the forseeable Future.

Even this year, Nigeria is going to attract more tech investments than both South Africa and Kenya.

Let's try tech startup concentration. don't speak as if though Nigeria is many years ahead

Invest more in ICT, I've looked at your stats and they are wanting.

https://www.statista.com/chart/24911/vc-investment-by-country-in-africa/

Shma:
Let's try tech startup concentration. don't speak as of though Nigeria is many years ahead

Invest more in ICT, I've looked at your stats and they are wanting.

https://www.statista.com/chart/24911/vc-investment-by-country-in-africa/

any fool investing in Nigeria will soon lose their shirt.. nothing works there ..not even electricity or security or internet..soon like MTN n DStv discovered their broke gov will charge your an arm n leg in fake backdated taxes and penalities.You have to be total nuts to invest in Nigeria outside oil and gas

CSTRR:
The Andela founder plans to create a tech city in Lagos and another Nigerian city, starting this year.

They are still sourcing for funding though they have already bought the lands.

A place to congregate the best African tech talents located in Nigeria to build and create.

Kenya is a step ahead of you. We're already doing tech city - 90% of horizontal infrastructure, done.

Konza (Konza Technopolis ) is a key flagship project of Kenya’s Vision 2030 economic development portfolio. Konza will be a world-class city, powered by a thriving information, communications and technology (ICT) sector, superior reliable infrastructure and business friendly governance systems..

rvp2018:
any fool investing in Nigeria will soon lose their shirt.. nothing works there ..not even electricity or security or internet..soon like MTN n DStv discovered their broke gov will charge your an arm n leg in fake backdated taxes and penalities.You have to be total nuts to invest in Nigeria outside oil and gas

I can't agree more. Nigeria is a failed state. All investors are now moving to kenya.