₦airaland Forum

When you argue with facts then it you've lost it. Nigeria and Burundi and Somalia are almost always bottom of any indices. Those are stubborn facts. Rwanda can only be compared to Burundi. Both countries have exact same profile. You compare oranges with oranges. Kagame has done great.

obaaderemi:
Nigeria is not at the bottom of all indices, that's probably Kenya. You are an idiot for comparing China with Rwanda. Rwanda is a small country yet behind in many developmental indices even in Africa. The 7% GDP growth is just like little India's Leprechaun GDP growth. It doesn't reflect reality on ground.

rvp2018:
I will believe when I see it running. I have seen enough of Nigeria to know nothing get done.

It would get done. There was a delay in getting funds from the Nigerian Banks this year, so from around March until August/September, they didn't continue with much large precommisioning and other big construction, only small works. They had to wait to do some round of funding (which involved bonds if I'm not mistaken) in order to continue on some of what they were working on before the halt then due to funds.
I do not know how far they have gone from that point since August or when it would come on board, but it would surely come on board soon enough. The fertiliser section is already fully completed and functioning. There is now then the petrochemical section and then the refinery of 650,000 barrels per day.

They were short of 1B dollars after selling 20% stake to NNPC for 2.5B dollars. They split into two bonds. One has been issued and was oversubscribed locally - I believe they raised maybe 500M dollars. They will probably float the other soon as 1st was oversubscried. It will get done early or late next year as there is goodwill from gov and private sector - and they have A++ credit rating - with Dangote willing to put his cements and other plants as collateral.

The project overrun is crazy. I dont know if it's Indians? but from 12 to 19B - dollars that is huge. And that is what Nigeria consumers will have to pay back - 20B dollars.

GeneralDae:
It would get done. There was a delay in getting funds from the Nigerian Banks this year, so from around March until August/September, they didn't continue with much large precommisioning and other big construction, only small works. They had to wait to do some round of funding (which involved bonds if I'm not mistaken) in order to continue on some of what they were working on before the halt then due to funds.
I do not know how far they have gone from that point since August or when it would come on board, but it would surely come on board soon enough. The fertiliser section is already fully completed and functioning. There is now then the petrochemical section and then the refinery of 650,000 barrels per day.

obaaderemi:
What he has done is to turn the Rwandans to zombies who can not challenge his government on anything. Such a country can not progress. The only reason he has not turned Rwanda to a communist enclave is the fear of his friends in the West.

I disagree with you on this, take China for example, their communist party is the only party, they are also a suppressive regime but their country is far more developed than a democratic country like say Canada.
A suppressive regime isn't bad if the government knows what they're doing

rvp2018:
They were short of 1B dollars after selling 20% stake to NNPC for 2.5B dollars. They split into two bonds. One has been issued and was oversubscribed locally - I believe they raised maybe 500M dollars. They will probably float the other soon as 1st was oversubscried. It will get done early or late next year as there is goodwill from gov and private sector - and they have A++ credit rating - with Dangote willing to put his cements and other plants as collateral.

The project overrun is crazy. I dont know if it's Indians? but from 12 to 19B - dollars that is huge. And that is what Nigeria consumers will have to pay back - 20B dollars.

The cost is high due to so many other overhead costs. Although the project was conceived in 2014 and one could estimate it at 9 Billion dollars then (when we include all three sections), work began properly in 2016 and the cost was then estimated at 12 Billion dollars seeing that the topography/landscape was not really favorable and a lot of work had to be done inclusive of large operating power plant that is more than enough to power the entire complex and supply excess to the national grid.

There is also subsea gas pipeline project from the Niger Delta to Lagos. Then there was the need to build a special port for Dangote vessels and construct some roads because that area truly had nothing going for it. Hundreds of housing units in what is more or less like a special housing estate have also been built for workers. Over 12,000 foreign workers have been employed and 28,000 locals as well. Many of these workers have been trained overseas.

The thing with Dangote is that he hardly complains or speak so much. He would rather wait to speak only when he can give or project some positive vibes/assurances about his business.

Fourpockets:
I disagree with you on this, take China for example, their communist party is the only party, they are also a suppressive regime but their country is far more developed than a democratic country like say Canada.
A suppressive regime isn't bad if the government knows what they're doing

China is not far more developed than Canada. Far bigger economy and far more industrialized? Yes.

rvp2018:
They were short of 1B dollars after selling 20% stake to NNPC for 2.5B dollars. They split into two bonds. One has been issued and was oversubscribed locally - I believe they raised maybe 500M dollars. They will probably float the other soon as 1st was oversubscried. It will get done early or late next year as there is goodwill from gov and private sector - and they have A++ credit rating - with Dangote willing to put his cements and other plants as collateral.

The project overrun is crazy. I dont know if it's Indians? but from 12 to 19B - dollars that is huge. And that is what Nigeria consumers will have to pay back - 20B dollars.

That cost hike and much of the delay was due to covid.

Also why do you make it seem like Dangote is eager to recoup his capital, a refinery doesn't work that way, the refinery will sell shares on the stock exchange for quick recovery of funds if necessary, at the end of the day it could take up to 10 years before Dangote gets his capital fully. But after that it would be easy profit for him so don't worry about Nigerians paying him back for now

rvp2018:
When you argue with facts then it you've lost it. Nigeria and Burundi and Somalia are almost always bottom of any indices. Those are stubborn facts. Rwanda can only be compared to Burundi. Both countries have exact same profile. You compare oranges with oranges. Kagame has done great.

You can't find Nigeria near the likes of Burundi and Somalia on any index. Stop grasping at straws.

Rwanda in spite of small population is doing badly and kagame has been there for ages. What magic can he perform now? Burundi has always done very poorly compared to Rwanda, so compare Rwanda to another small African country, eg Namibia or Sao tome. That's more like it.

Fourpockets:
I disagree with you on this, take China for example, their communist party is the only party, they are also a suppressive regime but their country is far more developed than a democratic country like say Canada.
A suppressive regime isn't bad if the government knows what they're doing

Canada and China can not be mentioned in the same breath in terms of development.

Congrat Lagos. This is to be located in the same axis with dangote refinery,lekki free trade zone(SEZ),Alaro city, dangote fertilizer plant,lekki deep seaport,isimi Lagos.

Now clones your eyes abd imagine the kind or organic unprecedented economic hub that is about to germinate from that axis. That would be the biggest economic hub in Africa.

samorobo:
Congrat Lagos. This is to be located in the same axis with dangote refinery,lekki free trade zone(SEZ),Alaro city, dangote fertilizer plant,lekki deep seaport,isimi Lagos.

Now clones your eyes abd imagine the kind or organic unprecedented economic hub that is about to germinate from that axis. That would be the biggest economic hub in Africa.

Undoubtedly.

GeneralDae:
China is not far more developed than Canada. Far bigger economy and far more industrialized? Yes.

China is far more industrialized than Canada despite having one of the most oppressive regimes in the world

It's huge bet. Maybe I should buy one house in Alora - seem that Leki part will be huge. I bought couple of universal homes in nairobi and I like the guy running that project.

In the meantime I advise you to invest in Alora's universal homes - seem to be near the site

Opps it like 40kms

GeneralDae:
The cost is high due to so many other overhead costs. Although the project was conceived in 2014 and one could estimate it at 9 Billion dollars then (when we include all three sections), work began properly in 2016 and the cost was then estimated at 12 Billion dollars seeing that the topography/landscape was not really favorable and a lot of work had to be done inclusive of large operating power plant that is more than enough to power the entire complex and supply excess to the national grid.

There is also subsea gas pipeline project from the Niger Delta to Lagos. Then there was the need to build a special port for Dangote vessels and construct some roads because that area truly had nothing going for it. Hundreds of housing units in what is more or less like a special housing estate have also been built for workers. Over 12,000 foreign workers have been employed and 28,000 locals as well. Many of these workers have been trained overseas.

The thing with Dangote is that he hardly complains or speak so much. He would rather wait to speak only when he can give or project some positive vibes/assurances about his business.

samorobo:
Talk to me directly abd stop going through corners. I said what I said and it a fact backed up with empirical data abd report. You what about two or 3(the completion of condominium abd maybe this new one close to sarit center abd that’s it) the rest are office space of 3-5 floor coming up here and there and the number are even dropping daily. Pray for you boom and wish that USA interest rate doesn’t keep shooting g up else you wouldn’t be seeing any changes soon. Inflation is here to stay fir a long while.

Take your witchcraft far away from me. Another 30 floor building coming up in Upperhill.

Burundi and Rwanda are twin countries; almost exact copy of each other; Burundi and Rwanda were same messed up French/Belgium colonies until Kagame happened.

obaaderemi:
You can't find Nigeria near the likes of Burundi and Somalia on any index. Stop grasping at straws.

Rwanda in spite of small population is doing badly and kagame has been there for ages. What magic can he perform now? Burundi has always done very poorly compared to Rwanda, so compare Rwanda to another small African country, eg Namibia or Sao tome. That's more like it.

The kind of housing boom coming Nairobi way is staggering. Ruto is busy at work. Once we unlock the housing fund and get private investment coming - there will huge housing boom - not seen in Africa in recent history.

Wuoche:
Take your witchcraft far away from me. Another 30 floor building coming up in Upperhill.

rvp2018:
The kind of housing boom coming Nairobi way is staggering. Ruto is busy at work. Once we unlock the housing fund and get private investment coming - there will huge housing boom - not seen in Africa in recent history.

I don't know why that Nigerian witch is so eager to see Nairobi's construction going down instead of focusing with their country which currently have insignificant housing development.

Charging stations for electric vehicles are being erected everywhere in Kenya.

Wuoche:
Charging stations for electric vehicles are being erected everywhere in Kenya.

Nice one.

Coz his gov cannot think about turning challenges into opportunities. Kenya is better - you can wake up and get a rental unit any day. Imagine nigeria where landlord demand 12 months of rent!!!!!!!!!!!!!!!!!!!!!!!!! HUGE opportunities.

Kenya our challenge is turning slum and slum like housing into proper housing.

Nigeria challenge is finding even a slum where people can walk in and rent the same day.

Wuoche:
I don't know why that Nigerian witch is so eager to see Nairobi's construction going down instead of focusing with their country which currently have insignificant housing development.

rvp2018:
Burundi and Rwanda are twin countries; almost exact copy of each other; Burundi and Rwanda were same messed up French/Belgium colonies until Kagame happened.

No, Burundi was a German colony while Rwanda was a Belgian one.

Since you want us to believe that your hero, Kagame has done a great job, then you have to compare it with other small African countries that are also doing well such as Botswana, Sao Tome or even eswatini. Let's see how Rwanda measures against other progressive small African countries.

German colonies were ended early - after they lost WWW I or 2. They were handed to French and British.
Let not split hairs - your speciality.
Rwanda and Burundi doesnt have diamond or gold like Botswana or OIL like Nigeria.
They are classic hopeless countries who got almost the worst deal.
Landlocked, small, in middle of nowhere, zero natural resources, and lots of conflicts.
It's akin to you going to your farm - in middle of nowhere - and carving a country.
Kagame is turning Rwanda into a switzerland.
Burundi remain Burundi..bottom if not near bottom and almost hopeless.
Somalia with largest coastline - large population - need 5yrs to turn their fortunes around...Burundi need a Kagame.

obaaderemi:
No, Burundi was a German colony while Rwanda was a Belgian one.

Since you want us to believe that your hero, Kagame has done a great job, then you have to compare it with other small African countries that are also doing well such as Botswana, Sao Tome or even eswatini. Let's see how Rwanda measures against other progressive small African countries.

GeneralDae:
Nice one.

Something similar was launched by the federal government of Nigeria this year. You can charge your Tesla in Nigeria. Unilag has one such station.

obaaderemi:
Something similar was launched by the federal government of Nigeria this year. You can charge your Tesla in Nigeria. Unilag has one such station.

Lol I know. Sokoto, Lagos, and the rest of them.

rvp2018:
German colonies were ended early - after they lost WWW I or 2. They were handed to French and British.
Let not split hairs - your speciality.
Rwanda and Burundi doesnt have diamond or gold like Botswana or OIL like Nigeria.
They are classic hopeless countries who got almost the worst deal.
Landlocked, small, in middle of nowhere, zero natural resources, and lots of conflicts.
It's akin to you going to your farm - in middle of nowhere - and carving a country.
Kagame is turning Rwanda into a switzerland.
Burundi remain Burundi..bottom if not near bottom and almost hopeless.
Somalia with largest coastline - large population - need 5yrs to turn their fortunes around...Burundi need a Kagame.

You are a clown as usual. Rwanda's major export is gold. And the country has always been better than Burundi anyway. If Kagame was doing wonders like you claim, with all the foreign partnership and help he's gotten for over 20 years, Rwanda by now should be far better than it is. Rwanda would even struggle against Benin and Togo in West Africa, countries with similar populations. Switzerland indeed.

It's a serious case of cold comfort for Rwanda to compare itself with Burundi and then pay itself on the back. I Know that's a Kenyan specialty.

GeneralDae:
Lol I know. Sokoto, Lagos, and the rest of them.

That little Indian made it sound like it was a novelty.

obaaderemi:
That little Indian made it sound like it was a novelty.

I say make I hype them small naw . You like vawulence oo .

simpleseyi:
This is the final knock-out, nobody could have done it better than FFK.

Really? ... think about it. If Kenyans were swinging in trees when Nigerians were at Oxford .... why is Nigeria now not like Dubai compared to Kenya? Shouldn't we be wayyyy more advanced? How can they have more reliable electricity and better infrastructure? Are we really more advanced?... in every aspect?

Let's not blame Femi for his juvenile outbursts ... but take it as a symptom of Alzheimer's disease.

Rwanda army plunders DRC where they get gold. Rwanda has done 3-4 times better than Burundi - their twin sister. The rest are usual Obaboon hair splitting.

obaaderemi:
You are a clown as usual. Rwanda's major export is gold. And the country has always been better than Burundi anyway. If Kagame was doing wonders like you claim, with all the foreign partnership and help he's gotten for over 20 years, Rwanda by now should be far better than it is. Rwanda would even struggle against Benin and Togo in West Africa, countries with similar populations. Switzerland indeed.

It's a serious case of cold comfort for Rwanda to compare itself with Burundi and then pay itself on the back. I Know that's a Kenyan specialty.

Mkenya2019:
Rwanda army plunders DRC where they get gold. Rwanda has done 3-4 times better than Burundi - their twin sister. The rest are usual Obaboon hair splitting.

Oloriburuku, compare Rwanda to Togo to see how poorly your Kagame is doing. Always worshipping trash, the usual R I P way of life.

Wuoche:
Take your witchcraft far away from me. Another 30 floor building coming up in Upperhill.

lol forget it,nothing is popping up. I have done my research. You have like what 2-3 tower coming up abd the rest are 3-5 floors. There almost no construction going on in that zoo.

Stop picking old pictures of previous construction site of already completed projects. You are desperate.