₦airaland Forum

heniford2:
feel sorry for you own self always trying to rob shoulder leave the igbos alone mehn if other tribes are working smart like the igbos believe me we will be alright

8


You will never ever amount to anything in life if you don't change your mindset. My ancestors na igbo. I'll speak as freely as I can towards the development of any issues my mind feels like. Now get lost


There's 5 pages of quality information and your darkened mind couldn't see anything positive. I feel sorry for you

heniford2:
why can't you use another tribe as a case study why igbo, why?? you want trouble here people to start insulting each other whats your purpose of creating this are the igbos doing fine yes are the in the manufacturing industry yes why use them as a case study to mock or what Oga go and sleep

That's why you don't develop mentally. If in all the discussions we had from economics to macro finance to forex to import export policies to production you didn't pick anything meaningful. Then I feel sorry for you


We discussed on Marina and it's lacklustre form from a purely SW perspective. Even yorubas on the thread didn't see it as putting it down but as developmental talk to stimulate interactional talks.


Change your reasoning

Good Day

Okowa face developmental issues leave all this politicking alone

heniford2:
another one in DJ Khalid voice why igbo why must it be igbo leave them the no gerri why naw can't you call another tribe haba!!!

It's an interactional discussion. I don't think I put igbo down in anyway

Work on your comprehension of information. I had igbo ancestors. There's no big deal in discussing issues as matured minds.


Thank you

50 storeys chart



At 50 stories you’re building a tower. Towers typically have small footprints. Let’s assume 8–10 units per floor at a factor of 750SF per unit (the factor includes circulation space - this would be a rental). We’ll use 10 units - so 7,500 SF / floor.

We’ll be conservative and assume a deep foundation system (piles). Let’s assume roughly 10,000 SF of excavation PLUS the piles - I would say about $4.5 million to get you out of the ground.

Cost per SF on a tower is a bit higher than standard construction - especially in concrete. It’s a lot of vertical formwork and we’ll assume this is a concrete building (residential in NYC is almost always concrete). We’ll go with $500/ft.

7,500 SF x 50 flrs x $500/SF = $187,500,000.

PLUS your foundation costs = $192,000,000.

Non-Construction Costs (General Conditions at 1%, Insurance at 4%, Profit at 5%) at 10% = $19,200,000.

PLUS your land acquisition costs which for a 50 story tower puts you in prime real estate. Let’s be conservative and assume $1000 / buildable foot.

7,500 SF x 50 flrs x $1000/SF = $375,000,000.

Then let’s pull in some softcosts. Let’s assume $7/ft for architecture and interiors; $2/ft for structural engineering; $1/ft for MEP engineering; $1/ft for misc disciplines/consultants (LV, telecomm, vertical transportation, expediting, code consultant) = $11/ft or $4,125,000.

Grand total of hard & soft costs = $590,325,000.

Add to that financing costs - let’s assumr 10% down and 4% to finance….$21,250,000…Let’s round this up and estimate your grand total at about $615 million.

The above did not explore legal fees, departmental costs, discretionary action, etc…add that and the number goes up. It takes a few bucks to build a tower.



To construct 50 storeys

7,500 SF x 50 flrs x $500/SF = $187,500,000.


To construct lesser, say 30 storeys, we simply


7500 x 30 first x $500/SF =. $115M 43 Billion Naira

QVicky10:
The lady is not serious. How can you leave your child alone to go and hang out with a man?

Just a quickie dearie

Visit this thread


https://www.nairaland.com/6294516/why-igbos-refuse-go-into

Bizibi:
I need to follow you....I will need your expertise.

Thank you


Visit this thread


https://www.nairaland.com/6294516/why-igbos-refuse-go-into

chuksjuve:
Your analysis on this thread is topnotch and brilliant ..

You deserve a follow ..

There's an updated thread

Obiagu1:
People get wiser as they grow old.
If there's any growth intellectually in the SS, they should have learnt one thing or another from Nigeria and dangers the future portends.

You have asked for resource control for over how many years now, asking from people that should not, in the first place, be in control of your destiny and your resources.

Unfortunately, there seem to be no wisdom in the SS.
How many of them know how long Nigerian oil are meant to last? If they do, they will know they don't have time. It's either they make full use of their resources now or suffer down the line.

You are asking for 30% from an Hausa man when you can get 100% from Biafra.
There's no wisdom, there is none.

Rather than grow old and get wiser, SS people grow old and get dumber.

What a shallow derogatory response

Idiotseverywher:
. It is people like you that I choose the moniker, I asked a simple question, I hope you will answer that, why did ibeto cement went into moribound, why did Innoson among others been having issues, why do Fed government have a secluded policy on forex which the narrow to only some people

I'm Above that level. Find your peers. Enjoy

MJBOLT:

with everything you typed,it's obvious you are looking for a hoe,luckily nairaland ladies fall into that category.

Dem use this meme swear for you?

Elsueno:
Bros I pray you succeed, then maybe other state would follow suit. Whenever I check various sections of nairaland, I see smart people with excellent ideas, especially the investment section. This just makes me wonder, Imagine if we do things on MERIT IN this country, at least the critical sectors. Nigeria has potential, unfortunately, corruption, nepotism and greed wouldn't allow it to blossom

Amen

nku5:
Plus the billion dollar assets they practically handed over to them in the name of privatisation.

Plus free customs pass way. Customs will seize and delay others shipments and give some free passway. Na who be mumu?

Aconomist:
I like Dangote because we are finally getting an oil refinery in Nigeria. Above anything, I want to see the black race industrialize and become self-sufficient. And right now, Dangote is the only one taking us in that direction, that's why I support him.

He's killing the economy


He determines pricing and drives prices up in ways Nigerians don't give thought to


Thanks to Dangote tomato paste wants to reach astronomical levels


Rather than have a monopoly system I prefer to have multiple Importers than sell the country to a thief


I support systems not people. Unfair business people


An Ijebu business man is building the second largest refinery, BUA is also building. Modular ones are coming up, petrol. Is phasing out. Delta state is building state of the art petrochemical industries. SE is partnering with Hyundai to create massive refinery


I support healthy business systems not fraudster's who hyperinflation their company portfolio to raise investors emotions, steal their funds, then decline their real value so investor funds remains in negative for even 10 years even with dividends inclusive while they use the cash to build their company and then record madd financial portfolio. This was what Dangote did. If he near me I go expose am



I'm not your average Nigerian. I'm not stvpid

nku5:
Dangote was not "sponsored" in the conventional sense of the word by Obasanjo but he was a god-son like Elumelu & others and enjoyed policy favouritism. In purely naira and kobo terms, he is an investment vehicle of the northern establishment today.

You're too gentle. These guys also would get cash from the back hand and the monopoly contracts at the front. They were created by politicians. Simple and plain

nku5:
Dangote used to import until the FG gave him the platform to go into production. Give other importers the same advantages and they will become producers as well.

Dangote despite all the advantages the company enjoys, were fighting Ibeto cement in court few years ago

This was what happened. 100%

Aconomist:
haha, read my thread here before you accuse me of being pro Fulani/Yoruba alliance. I just want to see more manufacturing.

https://www.nairaland.com/6290249/southerner-im-ready-give-north

Go back and read the tone with which we were interacting to how it was after the change



You know the truth bro

Aconomist:
How can we leave Dangote? No one is Nigeria is doing anything in value-added manufacturing aside from Dangote and BUA. Unless you want to talk about foreign companies like OLAM.

My dear bring a northern business modern separate from presidential policing then I will know you want to intellectualise. As long as Dangote gave Obasanjo 200 M for his election and got rewarded, he will never quality to me as a normal business person. Bring normal Northern business person or brand that isn't dantata, Dangote political business persons white washing money and then we can talk



Scratch ya mind

BTW your energy has turned from the objective rational intellectual to the pro yoruba/fulani alliance discussionist


I'm not even igbo. So don't bother throwing that energy at me no need blowing anti-hero energy towards me. E nor dey touch me one single bit

It's only a matter of time. Some of us dey the pipeline dey work things out. We will shock some pipu

Aconomist:
Dangote produces cement at a 60% EBITDA profit margin, which is unheard of in a free market ( cement should be 5% -- 15%). What is stopping other competitors like Ibeto from going into production and undercutting his price? NOTHING but their own stupidity and laziness.

On the contrary. I don't discuss Dangote cause I've never seen him as the right model.


Are you aware for 30 years Dangote is always working in tandem with the presidency?


Abeg leave Dangote, BUa, santana bring up other Northern business brands that alienated itself. From the political processes of white washing money and let's have a discussion then

Aconomist:
Did anything stop Ibeto or anyone else from also giving money to Obasanjo for special concessions? At least Dangote can produce at a large industrial scale, which puts him above 99% of blacks who would rather fight for an import license or just loot their government.

My dear it's wrong.


Concession ING should have legitimate processes. Not politicians posing as businessmen, their political God father's gives them money through one hand. And without due process hand them monopolistic business conditions. And then you're vexing at me.


Am I the one who created the circumstances?




Dangote isn't higher than anyone sane abeg. With his dodgy financial books. Fake and fraudulent dividends settlement system


Go ad do more research o. I'm not anti Dangote but when it comes to. Him go and look Into Dangote dividends disbursement and how the lack of right dividends payment simultaneously tailed his astronomical financial rise. Same applied to his book managers. Zenith Assurance

Aconomist:
Yes, but it was not an ethnic north/south thing. Dangote knows how to give money to the right people. Everyone gets money from Dangote -- this i know first hand.

You said it not me. Dangote remains the product of an unfair Obasanjo creation. Simple and plain


As of when Dangote was handled the monopoly some of us were shouting, the same way I am still shouting that too large of the markets volume is allocated to him to produce. All of this matters in the right economy.

Aconomist:
Dangote was sponsored by Obasanjo who is not a Northerner. In fact, if you look at Dangote's investment pattern, you will see that he is a fully committed Lagosian and doesn't care much for his origin in Kano. Almost all his core investments are in the South West. He even decided to move his refinery to Lekki -- 300 miles away from any oil or gas source. If that is not a real lagosian, who is?

Even a core Northerner like Rabiu knew to make is refinery near the gas in Akwa Ibom. Dangote brought his to Lagos to please his sponsors

Dangote was given. Very unfair advantage by Obasanjo


Obasanjo was sponsored in his second term by Dangote to the tune of 200 Million quids. It's in history bro. Obasanjo rewarded him with the monopoly of three commodities. Dangote cashed it on it. Out of fear built the engine room. Of his empire in the core north



He's already billions of dollars rich. Hence the refinery which was developed by borrowed and loaned funds majorly by Nigeria is an experimental system that's discard able. He brought the model. Used his brand name to get loan for it. Hence if he loses it, he doesn't lose his backbone.


It's strategic. It has nothing to do with love for Lagos. He also chose Lagos because he could easily through the Atlantic ocean ship to international markets and cash out dollars

nku5:
Erisco Foods invested plenty of billions in tomato pasta production but because of Dangote's interest in the business they frustrated him out of Nigeria. He's taken his business to another African country

Naaaa

See. It goes back to having mediocre intelligence. If one would expend 5 billion and fail. Make him use 2 billion first then drive productivity and out of profitability him go scale up



ERISCO is an armature modern business person



I'm. Waiting for ERISCO to succeed at just one thing even if na packaged garri, he go still. Complain

rafindo:
.

Why do you like lie. What of LA farge too

Ibeto was killed by FG for fulani/hausa advantage. Everyone knows that na

Igbochief001:
U mean from scrab ? Lmao be serious oga

No. Did Nigeria not have smelting companies operating for years.?


Go do your home work o

XANDERO85:
What proof or links do you have to buttress your lame point that Michelin left Nigeria because Igbos flooded the market with imported second-hand tyres? You just keep on making daft, unfounded statements left, right and centre!

Last i heard, Michelin left Nigeria because of the unfavourable business environment of the country! Their cost of production couldn’t allow them break even never mind making a profit! ‘Unfavourable business environment’ would also include insecurity and ease of repatriation of funds!

Gbam ease of repatriation of funds!


Anyways one of the core reasons involved unsteady power supply. I had friends working there even as at when they folded up

Idiotseverywher:
. You are just talking trass as normal anti Igbo, the guy raised a silent point which you didn't react to instead you talked as expected

I know your kinds. Just like your moniker. If you can compete intellectually, I drew you by your forefathers grave to use your real moniker and let's engage in that Duel. Full

ChoCho54:
Your forefathers died fearing Igbo domination. Don't forget that.

Sorry dear. I've never met an igbo that could compete my level of astuteNess. Sorry

You picked the wrong person to fight this nonsensical fight with


I've not in anyway spoke I'll about Ndigbo or put it down in anyway yet you think you can take me for a ride. There's nothing Ndigbo is that I'm not. More. We can put it to test here and now.