₦airaland Forum

User09:
Umahi is being all over the place. He shouldnt be speaking both as an investor and a regulator at the same time.

I can point out some flaws in his statement. For instance what's to say the entire 50k vehicles will go all the way, which is why I was asking earlier about the tolling strategy .

raumdeuter:
According to my uncle here

raumdeuter:
You dey chop, your belle don big pass Senator own yet you dey say food no dey

User09:
Ok then.

Well, I dont know how govt works but shouldnt the bolded be illegal?. Oasisx, Is not going through competitive bidding process allowed?

raumdeuter:
Why not wait till end of the year and see any road listed and work not ongoing on it before you start having premature discussions

User09:
Ok.

I have a bit of confidence since AFDB is part of the funding parties. They usually have a long list of standard requirements before they drop funds

popizaino:
We know how it usually ends.

OasisX:


......ignore their Noise bro, that's what they've got to offer for the next 8yrs.



You can watch below clip for further breakdown of the project.

https://youtube.com/playlist?list=PL3ZQ5CpNulQkYsHERXbh4VeOHDq3Bs0mF&si=RAiWd77Ap34T-b7F

User09:
Answer my question on the bidding process.

Also the reason why I am a bit hesitant to criticize the govt so much on this is cos its a private entity that is funding a majority portion of this expense

The general consensus in the emerging markets investment community is that there are not that many bankable projects so if there's one that allows them to deploy. Why not?. You cant force private investors to invest in other things/sectors/areas. They must have been convinced that there's enough ROI there before deploying their capital. As long as there's growth potential and economic viablity, so be it.

But lets scrutinize the terms of the contract/agreement oo...Cos P&ID is still a recent memory

OasisX:
......Umahi has addressed it many times. Below is extracted from a major news source;

User09:
Oh...I see.

In other words, they were the (only) ones that submitted the proposal/proposition.

User09:
The questions I have on the project, Not sure I can get it online. If anyone can help I'll be glad

Funding Structure - That huge commitment from a private entity can only mean one thing??

Is it gonna be tolled? what tolling strategy will be adopted

Is it a concession and for how long?

What protection and guarantee structure is in place if and should there be a change in govt?

What are the terms of force majeure in the agreement?

User09:
Anyway, back to this and the bolded cos its a major risk and its really important that we are told.

Cos I once read somewhere that the Lagos state government had to pay off the owners of the Lekki toll gate post End Sars.

Imagine a similar agreement/scenario here. Such huge liability. Maybe that's even be the (planned) payoff for these guys.

Oasis, tell your guys to give full info/disclosure so there may be small confidence

OasisX:
.....I can't give details now, but gonna tag you once I get more details.

OasisX:
.....I can't give details now, but gonna tag you once I get more details.

raumdeuter:
Lagos Ibadan got attention Yes or No?
2nd Niger bridge got attention Yes or No?
Loko Iweto road got attention yes or No

Those that ply Enugu to PH road, Can you confirm if its getting attention or not
https://fmino.gov.ng/the-minister-of-works-senator-dave-umahi-inspects-the-abia-axis-of-the-enugu-port-harcourt-expressway/

Those plying the Abuja Kaduna Kano road can you confirm if work is ongoing there?

https://guardian.ng/news/umahi-edun-inspect-abuja-kaduna-zaria-kano-rehabilitation-road-project/

If there is no portable water but a state govrnor is investing in Hero beer company, who should we hold responsible? Maybe he believes beer drinking is more important than water drinking
If no security then go hold your state governor and tell him to provide those abi he is just a figure head

raumdeuter:
Pdpguy what do you think about pro Palestinian protests all over US campuses for the past 3weeks including blocking of roads

Iran China Russia that some of these students weave fantasy about won't even allow such. In Russia many of the protesters would be shipped to warfront, in China it will be another Tienamem square

But you have in America students following police to drag physically

GrammarNazi1:
Umahi said: “Let me leave out the infrastructure along the corridor. Let me just concentrate on the tolls and I put 50,000 vehicles as an average passage on these toll points per day,” Umahi said on the breakfast show.

“I put N3,000 as an average cost. N3,000 because the cars could be like N1,500, and the big trucks could be like N5,000. “So, we put an average. In 15 years, you make back the money,” he said, dismissing calls that the cost budgeted for the road was high.
https://www.google.com/amp/s/www.vanguardngr.com/2024/04/lagos-calabar-coastal-road-outrage-as-fg-proposes-n3000-per-toll-gate/amp/

liveLongNprospa:
It's a total of 15trillion my oga.
15 trillion naira😂😂

The 700 km Lagos-Calabar coastal road will be constructed for N15 trillion, and a kilometre of the road will cost N4 billion. It is designed to connect Lagos to Cross River, passing through Ogun, Ondo, Delta, Bayelsa, Rivers, and Akwa Ibom states, before culminating in Cross River.

izzou:
[color=royalblue]Omoh!

20 years of selling your oil at $10 less?

Somehow, it seems like a fair deal.[/color]

GloriousGbola:
I am trying to understand why a dubai firm would be buying oil from another country, when their own nation has massive oil reserves.

Add to that dubai is a wealthy Arab Muslim country entering into a deal with poor infidel niggers who split from a Muslim country that is now in turmoil.

I am wondering what their actual angle is in all this

Ibime:
He was right when he told that lady he was raised in the village. See his village calculations

Who will fund project in dollars and be calculating their returns in Naira 15 years from now?

We never even talk present value of money before we enter foreign exchange risk

GloriousGbola:
I am trying to understand why a dubai firm would be buying oil from another country, when their own nation has massive oil reserves.

Add to that dubai is a wealthy Arab Muslim country entering into a deal with poor infidel niggers who split from a Muslim country that is now in turmoil.

I am wondering what their actual angle is in all this

GloriousGbola:
I am trying to understand why a dubai firm would be buying oil from another country, when their own nation has massive oil reserves.

Add to that dubai is a wealthy Arab Muslim country entering into a deal with poor infidel niggers who split from a Muslim country that is now in turmoil.

I am wondering what their actual angle is in all this

raumdeuter:
How did Lagos Ibadan end
How did 2nd Niger bridge end
How did Lagos Blue line end?

Those that ply Enugu to PH road, Can you confirm how its going
https://fmino.gov.ng/the-minister-of-works-senator-dave-umahi-inspects-the-abia-axis-of-the-enugu-port-harcourt-expressway/

Those plying the Abuja Kaduna Kano road can you confirm if work is ongoing there?

https://guardian.ng/news/umahi-edun-inspect-abuja-kaduna-zaria-kano-rehabilitation-road-project/

izzou:
[color=royalblue]Omoh!

20 years of selling your oil at $10 less?

Somehow, it seems like a fair deal.[/color]