₦airaland Forum

SmartPolician:
The President of the African Development Bank (AfDB), Akinwunmi Adesina, has confirmed that his institution, in collaboration with others, will mobilize $15 billion for the construction of the Lagos-Abidjan Highway project.

Adesina made this announcement on Friday in Abuja during the 90th birthday celebration of former Head of State, General Yakubu Gowon.

The Lagos-Abidjan Highway corridor, overseen by the Economic Community of West African States (ECOWAS), will handle 80% of the region’s trade, according to Adesina.

He added that upon completion, the project will strengthen transport connections between Nigeria and the rest of West Africa.

“The bank is mobilizing now support for the development of the railway line, connecting Kano to Maradi in the Niger Republic.

“On a significant note, the African Development Bank has provided $12.6 million to my brother, the president of the ECOWAS commission to support a feasibility study for the Lagos-Abidjan corridor highway.

“As a bank, we and other institutions will help to mobilize the $15 billion necessary to finance that corridor which carries over 80% of the trade in the region.

“When completed, the corridor will enhance transport connections between Nigeria to the rest of the West African region,” Adesina said.


AfDB’s other investment stride in infrastructure
In addition, the president of the international financial institution listed some of their various investments to drive infrastructure growth in the country.

Adesina said the bank has helped raise over $300 million for the Enugu to Cameron project.

He also mentioned that AfDB invested over $40 million in the Lekki toll road to reduce congestion and slash the cost of traffic.

“To strongly support African social and economic growth, the African Development Bank invests heavily in infrastructure. For the last eight years alone, we have invested over $55 billion dollars in infrastructure.

“This includes roads and highways, transport corridors, seaports, airports, ICT infrastructure and regional power transmission networks. The African Development Bank has invested $389.3 million in the highway connecting Enugu to Bamenda in Cameron.

“This transport corridor will serve 11 billion people. Also, we have invested $49.5 million in the Lekki toll road, easing traffic and lowering transport costs,” he said.

What you should know
The Lagos-Abidjan highway project is a critical infrastructure initiative set to enhance regional economic integration by connecting five West African countries—Côte d’Ivoire, Ghana, Togo, Benin Republic, and Nigeria—through a 1,068-kilometer highway that will traverse eight border towns, starting at Eric Moore in Lagos and ending in Abidjan, Côte d’Ivoire.

The project, one of the largest infrastructure designs in West Africa, is estimated to cost about $15 billion when it is completed.
It is expected to carry over 500,000 passengers daily and significantly boost trade, tourism, and economic activities within the region.
The Lagos-Abidjan Corridor Highway is part of the broader Dakar-Lagos Corridor, one of the flagship development programs of the Economic Community of West African States (ECOWAS) and is expected to be a key driver of regional integration

Source: https://nairametrics.com/2024/10/19/afdb-others-to-mobilize-15-billion-for-ecowas-lagos-abidjan-highway-project-akinwunmi-adesina/

iamtoofan:
in a clear response;
1. considering landing cos are we still paying subsidy or not

2. So far have we stop borrowing

Answers those two sincerely and let see how you will come out not looking stupid

holocron:
PLEASE DON'T COMPARE NIGERIA AND CHINA AT ALL! WE ARE NOT IN THE LEAGUE OF CHINA. China is a country that has been existing as one CONTINUOUS civilization for the past 5000 years while the concept of Nigeria 64 years or 110 years if you count from 1914. China was a developed country surpassing European countries just 500 years ago. The great European sea voyages were started with just one purpose: To harvest the industrial products of China and to learn their technology. Europeans learned the technologies of gunpowder, printing press, magnetic compass, paper manufacturing, enamel ware manufacture, silk production, etc from China.

AFTER Europeans discovered Science and Industrialization beginning from the 1700s , they quickly out performed China in technological development. Europeans using the advantage of their superior technology tried dominate china in the 1800s and 1900s and China performed the COMMUNIST REVOLUTION OF 1948 to push out foreign domination of the country. The communist revolution and government proceeded on reforms THAT WILL INDUSTRIALIZE CHINA. They purged the country of all opposition figures allied to western countries trying to sabotage the reforms.

This is different from what is happening in Nigeria. No one should even mention Nigeria and China in comparison. The only thing they have in common is just the 1st October Independence day.

Lavor234:
Nigeria was already on a progressive trajectory during the Obasanjo-Jonathan years.
What happened? Why the regression to the SAP years and it's inhumane policies.

We were the top of everything in Africa now we have regressed to a point to where we are scavenging for food.

Is it that Nigeria is broke or is it because we had terrible leaders from 2015 and maybe we really do not need these inhumane policies, just smart leaders

Calyb:
We have been facing blackout since 1960 here in Nigeria

9japride:
[color=#006600][/color]

Op you think Anambra state is like your state that lack school building? Especially in this modern time that states needs industrial development.
Why will he build new school in an already educational advanced state?

Anither563:
He built a brewery and God will continue to bless him for that.

Cmeo:
Must Peter Obi comment on everything?? He is becoming too common to the public and this could affect his chances.

UltraSolid:
Thank you bro. A man is no longer decent when hate dictates even his most basic thought. Distribution efficiency has been the key. That silly kobojunkie, a USA diasporan for like 2 or 3 decades now, comes her daily to poison the mind and sensibilities of gullible Nigerians as if the USA she resides in is utopia.

In terms of potentials for greatly improved industrialisation, the West is done. It is Africa that has unlimited potentials if only Africans can begin to embrace positivity and hard work that can truly unlock our potentials.

The improvement in power supply has been amazing and debunked lies that Nigeria is hopeless. This improvement is mainly due to tweaking efficiency in the distribution sector. Imagine if generations, as planned, increases 40% in the next 10 or so years? Nigerian will gain optimal and reliable power in the next 15 years meaning massive industrialisation and a march towards developed nation status.

Yet sadist and haters come here daily to satisfy their lust for spreading negativity. They try to drown every positive development with lies ignorant denials and deceptive assertion. I have asked them all to drop the name of their State, LGA, Street/District yet no takers so far.

This is why I am a fan of quality education, as I received, that will allow most Nigerians to own their own mind and reasoning.

jmoore:
Babablu bulabu.

Ntoor!

Bokoharam terrorist.

jmoore:
Claim: The minister of Power, Adebayo Adelabu claimed that over 40% of power customers in Nigeria enjoy over 20 hours of power supply.

He said "The major achievement is the fact that today we generate over 5,500 megawatts of power, we transmit and distribute it, and over 40 percent of customers today enjoy over 20 hours of regular power supply across the nation. You can see that there is a significant improvement between when we came in and now, which we intend to improve further”.


Verification The minister said that Nigeria is generating over 5,500 megawatts.
In 2021, NERC announced peak generation of 5,584 megawatts. So there's nothing spectacular about current generation. https://dailytrust.com/national-electricity-grid-hits-5584mw-as-highest-peak/

More than 20 hours of power supply applies to only band A.
15% of all customers are on Band A. https://www.google.com/amp/s/www.channelstv.com/2024/04/03/breaking-fg-increases-electricity-tariff-for-band-a-customers/amp/

The percentage of feeders that fall under band A is 17% which services 15% of the customers.
https://nairametrics.com/2024/04/03/nerc-increases-electricity-tariffs-for-band-a-customers-to-n225-kwh/

With a population of 180 million people, there's no way that 40% will enjoy from paltry 5,000 megawatts.

Verdict: The claim by the minister is false and misleading. 15% are enjoying more than 20 hours of power supply in Nigeria.

Kobojunkie:
Una too dey like to dey blow useless o-blow! Nigeria has not improved noticeably in its generation capacity in almost 30 years. In that same period, it hasn't improved noticeably in its transmission and distribution capacity, but somehow I am bitter, toxic, and negative for stating these facts. Nigerians and their Audio/Propaganda government always trading audio improvements.

Sure, sure, I am also to blame for why your Nigerian politicians have been f-king with your lives for all this time too... don't stop now! 😂😂😂😂😂

Godwin4444:
the audacity for u

U Igbos can just cook anything now n viam u call d mods n before we know it then it will b on front-page same with bobloco n racoon

Light has improved drastically in virtually everywhere in Nigeria but u d haters of Nigeria will always think otherwise

Ojiofor:
Shut up abeg with your jargons.

Damian911:
I finally concluded that a certain virus is actually decimating the reasoning and comprehensing part of your brain because even AI itself isn't accurate and that's why you're told to always fact check any information before accepting but no, dick heads like you are too mentally handicapped to grasp what AI creators are telling you
Now apart from AI any other credible sources to back your fantasy of ibo English relation?

obonujoker:
https://x.com/SpiricocoNg/status/1829612469276590302?t=Fd_dEVA1_rnuv21RtsCwfw&s=19[/quote]UTTER RUBBISH AND NONSENSE.

BRITISH BRAINWASHED IDIOTS.

XerXers:
Okwuru = Okra, okro

IduNaOba:
Egypt is even a baby when compared to Summeria which is still a baby when compared to Igbo.
Emeritus Prof J A Umeh in his book the march if igbo civilization did ⚖ to this topic.
Igbo language is the language universe.
However I am focused on personal enlightenment so I can not engage people the way you do.
Big ups man but please let these people be so that they won't insult you as I am seeing plenty name callings up there already.

LordKushmann:
The stone structures weren't built by Africans but the common integer population responsible for these cognates in the first place. I have examined their works everywhere else. The name Kardashian is a great reflection of this feat. I'll leave the rest of the information till my first work is published.

NoSmoking:
Tell me the form of writing that was used in your village before colonialisation

Pls don't say nsibidi

Talk about something that was actually used to communicate with anybody