₦airaland Forum

Putindbutt:
https://punchng.com/investors-eager-to-fund-lagos-calabar-highway-others-umahi/?amp

WOW!!
This is Great 👍👍👍.
A Good News 🗞️ indeed!
This and the Others - Coming is- What Bad Belle Nigeria-Politics of Hates and Bitterness would have Lost and the Social Media Footsoldiers-of LP and PDP Sympathersers( - were busy always painting 🎨 the Negatives! Oh they have Fused and Melted to ADC .
Thank God The Investors are having Confidence in this Project that Cuts Across 9- States of Nigeria for Economic Emancipation.
God Bless The Federal Govt Vision On This Projects.
God Bless Hon Umahi- Working Tirelessly - Day and Night 🌉 to Meet the Deadlines.
As We wait for the Nay have it,to tell us what we have heard before!

Time to cassh out big time for 2027 election!

Tinupoo I hail ooo

This government so so billions with nothing to show forth...

WorldRichest:
There is no single abandoned project in Lagos, all projects are either completed or passed to the next administration and completed. You only have abandoned projects in Adamawa in home state if the unrepentant treasury looter, Atiku, but there is also no abandoned project in Anambra because the Agulu fraudster didn’t even start any project .

Who are you deceiving? Badagry express road is an abandoned road. Since 2023.

The useless govt of self serving crooks and insatiable criminals is at it again with its usual white elephant projects.....👎👎👎👎

If care is not taken, Eldruggie will end up auctioning nigeria on jiji 😎😎😎😎

Dbegining:
Who are you deceiving? Badagry express road is an abandoned road. Since 2023.

But you know is On- Going, even Now!
Make you de lie Small, Small o!
Tell us more like an Information Commissioner of the New ADC!

SalamRushdie:
Show one road project Jagaban has ever completed

Better pick up a telescope and start looking for it. Even if you can't see, at least, you have the ears and you are not deaf! All the Wike's projects being commissioned by Tinubu for weeks now, us it you that have been funding them.

Silence can be golden if you have nothing meaningful to write.

Another Gbese I hope there's a plan to turn those areas around.

And you want tell me say Jagaban no go win 2027 election. Make e for finish wetin he start. Make una dey play ooooooh.

rinzaugustine:
Congratulations to tinubu on receiving part his 2027 campaign money in advance courtesy of ECOwAS because you and I know the money is never going into any road project …for the first time in Nigeria we now have a government that not only legalized corruption but celebrates it…like the nafdac Yoruba woman head said that collecting bribes of 700 thousand naira per trader was in accordance with the “laws” of Nigeria as in bribes to open the shops of Onitsha traders they closed without committing any offense

And U think 100 million dollars is too huge for him to afford? He spent more than that to install Buhari in 2015, I don't think U know how much these guys are worth in the real sense. These ones steal in billion dollars at a time.

Drug baron is not different from S-eun, too many abandoned projects

Raph82:
And U think 100 million dollars is too huge for him to afford? He spent more than that to install Buhari in 2015, I don't think U know how much these guys are worth in the real sense. These ones steal in billion dollars at a time.

I know that’s why I mentioned “… of in the first sentence “ not the complete money he needs

Stolen funds already
After the more than 1 trillion naira

See money!!!!
Tinubu will not leave aso rock until this money finishes.
U think he would want opposition to take over?

Tinubu is using this Lagos Calabar project to milk Nigeria dry. This is his major scam.

Putindbutt:
For sure, Jagaban will complete these legacy projects in record time.

You mean, he will commission about 5 kilometers from this project by 2027

anonimi:
Why is ebilokan borrowing money to do this road after all the subsidy savings?

Did he steal all the money

Sheybi subsidy money na uncountable money nah.
Use your head small,sir.
This project is PPP and the bulk of the money will be private.
70% from private and 30% from govt.

Debt or grant? This reporting is mot clear.

6 more characters needed.

Yet, you will see some destructive elements says Tinubu is not doing anything, no be someone spent 8 wasted yrs doing nothing.

Umahi don cash out big time, no be small thing walai

A solid infrastructure move. If the Lagos-Calabar highway is completed as planned, it could significantly improve logistics, boost regional commerce, and attract both local and foreign investment. Implementation will be key.

Putindbutt:
For sure, Jagaban will complete these legacy projects in record time.

is this the "legacy project"?

Lagos-Calabar Highway Costs 7 times more per km than Pan-African Cairo-Cape town route.

1. Nigeria’s Lagos-Calabar Coastal Highway, a 700 km highway.

Budget: $11–13 billion

2. Cairo-Cape Town Highway, a 10,228 km Cairo-Cape Town Highway

Budget: $1.65 billion

In summary, this is another loan.
All these external loans should stop.
It appears as if there are a few people in the federal government and the lending institution who get commissions from these loans.
When the federal government takes external loans, they indirectly take money from the general Nigerian population through naira devaluation, and excessive inflation.

Milekedesigns:
A solid infrastructure move. If the Lagos-Calabar highway is completed as planned, it could significantly improve logistics, boost regional commerce, and attract both local and foreign investment. Implementation will be key

are there no existing roads within the Lagos/Calabar corridor?

what is presently the state of those roads?

how will the Lagos-Calabar highway improve logistics, boost regional commerce, and attract both local and foreign investment that the existing roads cant?

what are the local and foreign investment that road will attract?

Hushpuppy20:
Yet, you will see some destructive elements says Tinubu is not doing anything, no be someone spent 8 wasted yrs doing nothing.

Kindly explain this:

Lagos-Calabar Highway Costs 7 times more per km than Pan-African Cairo-Cape town route.

1. Nigeria’s Lagos-Calabar Coastal Highway, a 700 km highway.

Budget: $11–13 billion

2. Cairo-Cape Town Highway, a 10,228 km Cairo-Cape Town Highway

Budget: $1.65 billion

Bluntemperor:
WOW!!
This is Great 👍👍👍.
A Good News 🗞️ indeed!
This and the Others - Coming is- What Bad Belle Nigeria-Politics of Hates and Bitterness would have Lost and the Social Media Footsoldiers-of LP and PDP Sympathersers( - were busy always painting 🎨 the Negatives! Oh they have Fused and Melted to ADC .
Thank God The Investors are having Confidence in this Project that Cuts Across 9- States of Nigeria for Economic Emancipation.
God Bless The Federal Govt Vision On This Projects.
God Bless Hon Umahi- Working Tirelessly - Day and Night 🌉 to Meet the Deadlines.
As We wait for the Nay have it,to tell us what we have heard before!

Please explain how this is possible:

Lagos-Calabar Highway Costs 7 times more per km than Pan-African Cairo-Cape town route.

1. Nigeria’s Lagos-Calabar Coastal Highway, a 700 km highway.

Budget: $11–13 billion

2. Cairo-Cape Town Highway, a 10,228 km Cairo-Cape Town Highway

Budget: $1.65 billion

Very interesting news. I fact checked on the Ecowas Bank website but didn't see it during a quick read. I noticed the bank still has Niger, Burkina Faso, and Mali as present members. High IQ ppl, please help me out comprehending this. Link below as proof that I tried to research the info. Also there are strong protests going on about conditions in Lome, Togo where the bank has its HQ.

https://www.bidc-ebid.org/en/countries/

Is ecowas bank same as eco bank?
If so where ecobank see 100M abeg!
No jokes o, where they see 100M

Putindbutt:
For sure, Jagaban will complete these legacy projects in record time.

yes he will complete it na.....30 km X 20 years is 700 km!

Ecowas better hold their money, giving out loans in the name of Nigeria for a tribal agenda is not right , we will repudiate all these loans taken to finance domination and control

Putinofrussia:
Sheybi subsidy money na uncountable money nah.
Use your head small,sir.
This project is PPP and the bulk of the money will be private.
70% from private and 30% from govt.

If you had used your head at all, you would show the 40 roads done with the $84 billion. That is about $2 billion for each road on average or N3.2 trillion per road.

If you had also used your head small, you would ask why the $84 billion subsidy savings is more than the budget for 2024 and 2025 combined, yet we have a budget deficit from more loans than previous presidents borrowed.


https://www.nairaland.com/8466231/nigeria-must-review-2025-budget


If you are in the habit of using your head small, you would ask why ebilokan is borrowing money after saying he won't below, through his finance minister.

ManirBK:
Aug 28, 2023
The Federal Government says it has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation.

The Minister of Finance and Coordinating Minister for the Economy, Chief Wale Edun, revealed this at the end of the inaugural Federal Executive Council meeting on Monday in Abuja.

He said that the benefit of the subsidy removal would be ploughed back into various sectors aimed at boosting government revenue and improving the business environment for local and foreign investment.

Edun said that with the increased revenue from subsidy removal, various palliatives have been made available to cushion its effect on a short, medium and long-term basis.

He reiterated the President Bola Tinubu-led administration’s desire to bring back the economy from the wood it has found itself over time.

https://www.vanguardngr.com/2023/08/fg-ends-borrowing-finance-minister/amp/