₦airaland Forum

The Federal Government has sought the support of the Islamic Development Bank for the provision of about $450m to expand the power transmission system to wheel up to 20,000 megawatts of electricity.

A statement on Sunday quoted Vice-President Namadi Sambo as making the request on behalf of the government in Makkah, Saudi Arabia, when he received the bank’s President, Dr. Ahmed Ali, who paid him a courtesy visit.
He said the bank had approved three out of the five projects submitted by the country.


The projects, according to him, are the construction of four new science secondary schools in Kaduna State worth $17,9m; construction of a 300-bed specialist hospital in Kaduna State at $43.15m; and the Zaria water supply project worth $81.0m.
http://www.punchng.com/business/business-economy/power-fg-seeks-450m-from-islamic-development-bank/


Assuming 1 dollar = 160 Naira
Four Secondary Schools will cost $17.9m = N2.864 billion
Therefore, one secondary school will cost N2.864 billion divided by 4 = N716 million each

Please tell me what this school will contain to drive the cost of constructing just one secondary school to over 700 million Naira

A 300-bed hospital will cost $43.15m = N6.904 billion

Dear God, I hope it will be the greatest and most equipped hospital in the planet.

staggerman: The Federal Government has sought the support of the Islamic Development Bank for the provision of about $450m to expand the power transmission system to wheel up to 20,000 megawatts of electricity.

A statement on Sunday quoted Vice-President Namadi Sambo as making the request on behalf of the government in Makkah, Saudi Arabia, when he received the bank’s President, Dr. Ahmed Ali, who paid him a courtesy visit.
He said the bank had approved three out of the five projects submitted by the country.


The projects, according to him, are the construction of four new science secondary schools in Kaduna State worth $17,9m; construction of a 300-bed specialist hospital in Kaduna State at $43.15m; and the Zaria water supply project worth $81.0m.
http://www.punchng.com/business/business-economy/power-fg-seeks-450m-from-islamic-development-bank/


Assuming 1 dollar = 160 Naira
Four Secondary Schools will cost $17.9m = N2.864 billion
Therefore, one secondary school will cost N2.864 billion divided by 4 = N716 million each

Please tell me what this school will contain to drive the cost of constructing just one secondary school to over 700 million Naira

A 300-bed hospital will cost $43.15m = N6.904 billion

Dear God, I hope it will be the greatest and most equipped hospital in the planet.

2015 is almost here

raising election money

kunlekunle: raising election money

Yeah. They borrow for their personal use, but the country gets to pay off the debt.

Truth is, Nigerians are distracted by the political happenings in Rivers, Anambra and Lagos State, but we are seemingly not paying much attention to the core happenings in our economic atmosphere.

Most people spent weeks, even months debating and arguing over the governor's forum election fiasco, while neglecting to raise same voices over the lack of competent actions by most of these governor's in their respective states.

I live in Portharcourt and I'm more concerned about the dilapidated Trans-Amadi road than by the so-called feud between PEJ and Amaechi.

The projects, according to him,
are the construction of four
new science secondary
schools in Kaduna State
worth $17,9m ; construction of
a 300-bed specialist hospital
in Kaduna State at $43.15m;
and the Zaria water supply
project worth $81.0m.

school of thought!

Jonathan and his wife are megalomaniacs, they will continue stealing until they start vomiting and stooling money.

Hmmm 2015

500 million for the contract and 500 million for chop. Useless thugs.

staggerman: Yeah. They borrow for their personal use, but the country gets to pay off the debt.

Truth is, Nigerians are distracted by the political happenings in Rivers, Anambra and Lagos State, but we are seemingly not paying much attention to the core happenings in our economic atmosphere.

Most people spent weeks, even months debating and arguing over the governor's forum election fiasco, while neglecting to raise same voices over the lack of competent actions by most of these governor's in their respective states.

I live in Portharcourt and I'm more concerned about the dilapidated Trans-Amadi road than by the so-called feud between PEJ and Amaechi.

Not trying to argue. Please you will noticed Total filling station has been demolished and RCC already has started constructing the road from slaughter axis. The Woji-Elelenwo axis of that road has also commenced. I think the constant rain in port harcourt is not helping matters. That said, i totally agree with you that we should be interested in the development and not in the politics of our state of nation. I am interested in our state thats why i can give you this piece.

kel4soft:
Not trying to argue. Please you will noticed Total filling station has been demolished and RCC already has started constructing the road from slaughter axis. The Woji-Elelenwo axis of that road has also commenced. I think the constant rain in port harcourt is not helping matters. That said, i totally agree with you that we should be interested in the development and not in the politics of our state of nation. I am interested in our state thats why i can give you this piece.

Up till this moment, that road has still not been completed. The demolished that area since then, and 3 years now, it's still the same thing.

Hope you understand my concern now...

staggerman:
Up till this moment, that road has still not been completed. The demolished that area since then, and 3 years now, it's still the same thing.

Hope you understand my concern now...

No, the road is still on.