frog12:
wike is a dullard. who pays 80 percent up front to contractors na fools be dat. you only pay 50 percent at most.

Dikaveli:
Arrogant fool

Aboki used and dump you

After you don mess up with rivers money

Amechi will be better than you

Nigeriafirstlad:



Prove of the bolded. Mr man be calming down.
The country is gone.

Shikamaru1:
It is technically a Nigerian company, most of you are uniformed. Julius Berger is listed on the Nigerian Stock exchange. The Germans are not the majority shareholders.

nony43:
This is an old video.

AmazingELixir:


In a runaway and inflation prone economy such as Nigeria's what Wike did by giving 80% is the most logical thing to do....unless ofcourse you want contractors to come back and ask for variation due to price changes.

Most contractors includes validity period of the quoted contracts sum, if it exceeds such period it gives them grounds to ask for contract review hence variation but paying upfront you corner and compel them to expeditiously execute the contract within the stipulated time frame, it is also pertinent to ensure strick supervision to ensure compliance in both quality and schedule. That's basic logic.

Most procurement laws actually doesn't encourage paying that much as initial milestone but exigencies compels.

Manny21:
At least he is serious by giving 80 percent upfront. I know of many governors who will like to embark on similar projects on credit. They will then take the credit but owing the contractors until the end of their tenure they will then leave the liability for their successors to be battling with

AmazingELixir:


In a runaway and inflation prone economy such as Nigeria's what Wike did by giving 80% is the most logical thing to do....unless ofcourse you want contractors to come back and ask for variation due to price changes.

Most contractors includes validity period of the quoted contracts sum, if it exceeds such period it gives them grounds to ask for contract review hence variation but paying upfront you corner and compel them to expeditiously execute the contract within the stipulated time frame, it is also pertinent to ensure strick supervision to ensure compliance in both quality and schedule. That's basic logic.

Most procurement laws actually doesn't encourage paying that much as initial milestone but exigencies compels.

erniok:

I think Atiku was smart to pick Okowa. With Wike, his authority as the president will be challenged even openly. Wike is too strong headed and loudmouthed.

frog12:
wike is a dullard. who pays 80 percent up front to contractors na fools be dat. you only pay 50 percent at most.

Dikaveli:
Arrogant fool

Aboki used and dump you

After you don mess up with rivers money

Amechi will be better than you

Nigeriafirstlad:
After more than 70yrears of transferring our common wealth to Germany, Nigeria can not establish a world class construction company that will compete with Julius Berger or even send them packing. Very Sad.

Welldone Mr Project.


Don't forget the reason why the company is attractive to some state governors is because they also use it to launder money.

The more you look the nothing you see.

Manny21:
At least he is serious by giving 80 percent upfront. I know of many governors who will like to embark on similar projects on credit. They will then take the credit but owing the contractors until the end of their tenure they will then leave the liability for their successors to be battling with

SeaTrade:

You said State governments invest in JB because they could use them to launder money and you're showing me screenshots of bribe distribution allegations and kickbacks to JB as proof of states government laundering money via JB?
They(State governments) can still receive bribes or kickbacks from JB without investing in them na,so how does what you're saying hold water?

Aren't you lost in your own argument like this?
And I'm very calm,trust me.

frog12:
good point but I can differ. that's why you pay for only materials first

Galaxydon1:
I wish he could rule rivers state for more 20 years

Manny21:
At least he is serious by giving 80 percent upfront. I know of many governors who will like to embark on similar projects on credit. They will then take the credit but owing the contractors until the end of their tenure they will then leave the liability for their successors to be battling with

idahme:



What is the future value of money?

Whether you don't pay it today, you will pay it Tomorrow.vyou think if you sign a contract of 1billion today , you will still pay one billion at the end of the contract? Inflation adjustment will also come into play. 1billion today can never be one billion in 1year.

A government can do that if the contractor has shown previously that it can be trusted and has delivered same promises they made. JB has been delivering multiple flyovers within 10months of going into site.

You think you are smarter than the Governor who doesn't want to keep projects under construction for the incoming administration?

erniok:

I think other wise, it's a team work. Wike would want to be a decision maker too which is not in the constitution.

Our constitution makes the office of the VP more land the presidents handbag. It should have assigned duties to it.

AmazingELixir:


Nah, you can't do that, most engineering contracts have Mobilization, statutory approvals, Engineering design and reviews in that order as their first 3 milestones, procurement and construction amongst others follow suit. As a client you pay by milestones following that sequence.

sulaak:


You please the funds in an escrow account and pay for all material in advance

Nigeriafirstlad:





The reason why JB is attractive to them is because JB is a dubious company. Kickback can be done in several ways to launder money.

A governor can pay 90% upfront for a road project or flyovers in Nigeria and receive 20% of the money as kickback in Lebanon offshore account or Dubai offshore account.

That's how they operate and it becomes impossible for anti-corrupsion agencies to trace because of the complexities of the transaction.
you will only understand when you are involved.

Dikaveli:
Arrogant fool

Aboki used and dump you

After you don mess up with rivers money

Amechi will be better than you

MrFinbarr:
The man with BALLS

Lovenorth:
Wike is now an APC member, he has seen the truth

vastolord4:
He's trying to tell Nigerians "see what you guys are missing" by not being a running mate to atiku. He's playing mind games now. Wike is intelligent but just for he's on gain but naija isn't pH where your "men Dem" got your back. Naija politics na "Dogs eats Dogs". Honestly, I prefer him to Okowa. Okowa is just another Osinbajo.. the guy is just a mopping ornament.

Nigeriafirstlad:
After more than 70yrears of transferring our common wealth to Germany, Nigeria can not establish a world class construction company that will compete with Julius Berger or even send them packing. Very Sad.

Welldone Mr Project.

These multiple nations in one called Niger areas are deficient of one simple thing. We are thinking living in the world of competition is a joke, far from it brethren. The key issue with us is transfer of knowledge to wealth. We keep going to school taking and producing graduates, tons of them, in engineering courses in all the length and breadth of the country but have failed to translate this knowledge to wealth creation. Many years after independence the best � construction company in our land is still Julius Berger and there is no deliberate effort to prop up one indigenous company to rival it. So what is the essence of all this over 60 years of education if there is still missing links. These are what intellectuals and national moulders should saddle themselves with. Not forgetting, how president Obasanjo decided one day that enough is enough and he deliberately positioned Dangote to enter the exclusive Billionaire list. What did he do, he made it a duty to position Adenuga, Otedola, Jim Ovia and Dangote and more to an elevated class of national interests where they can rub shoulder to shoulder with world class billionaires across the world and the result paid of that till this day in our life time, we are reputed to have No 1 rank in Forbes Africa list of billionaires (never mind us being the poverty capital of the world ironically). What am projecting is with foresight it is doable to achieve bigger things in this world with the right set of planning. Time is ripe for us as a nation to prop up our own indigenous giant construction company.


Don't forget the reason why the company is attractive to some state governors is because they also use it to launder money.

The more you look the nothing you see.

Nigeriafirstlad:
After more than 70yrears of transferring our common wealth to Germany, Nigeria can not establish a world class construction company that will compete with Julius Berger or even send them packing. Very Sad.

Welldone Mr Project.


Don't forget the reason why the company is attractive to some state governors is because they also use it to launder money.

The more you look the nothing you see.