₦airaland Forum

Why collect 200 from tricycles?

E reach where to collect money, see how the place wide compared to the main road

Tinubu's billions and bullion vans

But why is it still under construction as at March this year

AutoJoshNG:
https://autojosh.com/wp-content/uploads/2019/05/Admiralty-Toll-Plaza-11.jpg

1. The Admiralty Circle Plaza also referred to as “Admiralty Toll Gate”, is located along the Lekki-Epe Expressway, Lekki, Lagos.


2. It is located at Eti-Osa Local Government Area of Lagos State in Nigeria.



3. The Admiralty Circle Plaza was constructed for the collection of tolls along the Lekki-Epe Expressway.



4. The construction of the Toll Plaza and the collection of tolls there was originally a Public Private Partnership (PPP) agreement between Lagos State's government and Messrs Lekki Concession Company Limited (LCC).


https://autojosh.com/wp-content/uploads/2019/05/Admiralty-Toll-Plaza-8-2.jpg

5. The estimated cost of constructing the Toll-gates, together with the 49.63km road stretching from Ozumba Mbadiwe all the way to Epe at 2008, was N55bn.



6. The concession arrangement between the Lagos State Government and the concessionaire, LCC, was for the concessionaire to collect toll on the road for 30 years.


7. Activities commenced at the Plaza on 5 January 2011.


8. Admiralty Toll Gate is the first of 4 Toll Plaza originally proposed for the 49km Lekki-Epe Expressway.


9. A year after the Admiralty Plaza was opened a second Toll Plaza – Conservation Plaza – opened 10 kilometres away near Chevron.


10. As at 2012, a report estimated that about N10 billion toll is collected at the Admiralty Circle Plaza monthly. With the increase in the tolls paid there since February 2018, that amount is believed to have increased. 


https://autojosh.com/wp-content/uploads/2019/05/Admiralty-Toll-Plaza-6-1.jpg



11. In November 2013, the Lagos state government reacquired the concession rights on the project at an estimated N25.3bn. This was after N35bn was reported to have been spent on the construction of 30% of the project.


12. There are twenty-two toll points on the Admiralty Plaza.


13. On February 1, 2018, the collection of the increased tolls commenced at the Plaza.


14. The new and current toll paid at the Plaza are as follows: Salon Cars & Tricycle (N200), Commercial Danfo Buses (N100), Motorcycle (N100), Light Truck & 2-Axle Buses (N400), SUV (N250), Heavy duty trucks/buses with 2 or more heavy axles (N1000).


15. There is an alternative route for motorists who do not wish to use the toll plaza.


https://autojosh.com/wp-content/uploads/2019/05/Admiralty-Toll-Plaza-10.jpg
https://autojosh.com/wp-content/uploads/2019/05/Admiralty-Toll-Plaza-9-1.jpg

Source:

https://autojosh.com/15-things-to-know-about-the-admiralty-toll-gate-lekki/

To be honest with you sir, I am of the anonymous forumite who always rush to read your thread. Please I want to appeal to you, create a thread about the non functional traffic lights around Lagos.

Maybe someone that knows someone will do something about it when you draw their attention.

Thanks you sir .

kunleweb:
Lagos state and fraud


work out the maths.


10 billion naira toll monthly. 55 billion loan to construct the road ad toll. Assuming a 100% repayment on the loan facility, it makes it 110 billion to repay the financiers. then why continue to keep extra funds, 10 billion per month amounts to 130 billion per year give or take. Multiply this figure by 10, 20 or 30 years



When whites do things, they do it in good fate, when a black man does his, smh.



SarkinYarki


MadamExcellency


FarahAideed


Raccoon


NaijaMutant


Bridget95


SalamRushdie


AutoJoshNG


LordAdam16


Stephleena



And guess what if its officially reported, they generate 10 billion per month, officially 15 to 18 billion per month is been generated

The capital of fraud and corruption is Tinubu's Lagos

NaijaMutant:
The capital of fraud and corruption is Tinubu's Lagos

You noticed the fraud baah? Me I'm moving my. Investments back home abeg. These frauds can keep deceiving themselves.

The day Lagos corruption will be unearthed the United Nations will have to call an emergency meeting

Are you into site construction see effective construction site management tips
https://explicitsuccess.com/construction-site-management/

some reports are just full of lies