₦airaland Forum

OasisX:


......ignore their Noise bro, that's what they've got to offer for the next 8yrs.



You can watch below clip for further breakdown of the project.

https://youtube.com/playlist?list=PL3ZQ5CpNulQkYsHERXbh4VeOHDq3Bs0mF&si=RAiWd77Ap34T-b7F

Answer my question on the bidding process.

Also the reason why I am a bit hesitant to criticize the govt so much on this is cos its a private entity that is funding a majority portion of this expense

The general consensus in the emerging markets investment community is that there are not that many bankable projects so if there's one that allows them to deploy. Why not?. You cant force private investors to invest in other things/sectors/areas. They must have been convinced that there's enough ROI there before deploying their capital. As long as there's growth potential and economic viablity, so be it.

But lets scrutinize the terms of the contract/agreement oo...Cos P&ID is still a recent memory

OasisX:
.......two months ago.



The project ain't just dropped from heaven suddenly, its well planned and communicated to the masses.

Its propaganda as usual to our noisy guys until Landmark Owner started emotional blackmailing on Twitter [X]. Most of them wailing here ain't doing so coz they genuinely care, rather because FG is reclaiming the Shoreline which rightfully belong to them along the corridor, and which Landmark is partially affected.

Note; Landmark Building ain't demolished, rather an extension to the beach like the pool and berbecue joint.

Ok.

I have a bit of confidence since AFDB is part of the funding parties. They usually have a long list of standard requirements before they drop funds

Itsrm:
Umahi confirmed there was no bid before they awarded the contract. When pressed, he said it's because the company has shown competence handling similar projects in the past

Since we all know the real reason the company was given the contract, I won't be surprised they didn't follow through with any bid bond.

And like I said earlier, I once read that the only reason FG mobilised the contractors was because they couldn't secure funding and time was of essence.

Ok then.

Well, I dont know how govt works but shouldnt the bolded be illegal?. Oasisx, Is not going through competitive bidding process allowed?

GrammarNazi1:
I guess there won't be only one toll?

In the Umahi explanation that I quoted, he mentioned "toll points".

Again, there will be more than 1 toll point.

That may put the average of 50k vehicles per day in perspective.

No..let me explain

In the entire stretch of road, how many tolls will there be?

Even if there are 50k vehicles per day, not sure all of them will pass the entire tolls, so you cant use that to do a revenue projection

OasisX:
"Let me leave out the infrastructure along the corridor. Let me just concentrate on the tolls and I put 50,000 vehicles as an average passage on these toll points per day.

“I put ₦3,000 as an average cost. ₦3,000 because the cars could be like ₦1,500, and the big trucks could be like ₦5,000. “So, we put an average. In 15 years, you make back the money.

“At every point of tolling, we also have toll station where we have a kind of relief activities — restaurants, filling stations, parking lots, and so on and so forth. So, people will now have confidence. In these sections, we intend to put CCTV all through."

- David Umahi [HM for Works]

Ancillary revenue @ bolded. Ok.

Again, this is more of a concern for the funding parties not the FG. Maybe he's just speaking on the economic viability.

Anyway, let them provide more detailed info, lets scrutinize

GrammarNazi1:
Umahi said: “Let me leave out the infrastructure along the corridor. Let me just concentrate on the tolls and I put 50,000 vehicles as an average passage on these toll points per day,” Umahi said on the breakfast show.

“I put N3,000 as an average cost. N3,000 because the cars could be like N1,500, and the big trucks could be like N5,000. “So, we put an average. In 15 years, you make back the money,” he said, dismissing calls that the cost budgeted for the road was high.
https://www.google.com/amp/s/www.vanguardngr.com/2024/04/lagos-calabar-coastal-road-outrage-as-fg-proposes-n3000-per-toll-gate/amp/

Umahi is being all over the place. He shouldnt be speaking both as an investor and a regulator at the same time.

I can point out some flaws in his statement. For instance what's to say the entire 50k vehicles will go all the way, which is why I was asking earlier about the tolling strategy .

afrodoc2:
Ok. I don’t know the details of this project, but from a distance it looks like a slight misplacement of priorities.

Let me step back and allow you guys on both sides of the aisle that have more information debate about it sha

Yeah, best thing to do honestly.

I wish I had enough information and data on it to make an assessment but I dont.

The FOI Act is just for decoration in Nigeria

OasisX:
......its gonna be tolled and maintained for 20yrs by the Contractor.

20 years is quite short oo. Means a likely high toll rate/fee.

20 years from the concession date or from the completion date?

TemporaryHansel:
He thinks 11.5bn dollars is child's play. The chagoury people he said will be executing it aren't even worth up to a billion dollars, I wonder how they'll fund 70% of the project.


In the end, the fg will likely be the one to bring the whole money. They just can't say it now to avoid outrage.

That's not how these things work irl. Think about how much debt funding dangote refinery got vis a vis his personal networth.

His company has access to various options of financing and they may explore that route

The questions I have on the project, Not sure I can get it online. If anyone can help I'll be glad

Funding Structure - That huge commitment from a private entity can only mean one thing??

Is it gonna be tolled? what tolling strategy will be adopted

Is it a concession and for how long?

What protection and guarantee structure is in place if and should there be a change in govt?

What are the terms of force majeure in the agreement?

Itsrm:
I like the idea of the coastal road. 3 hour journey from PH to Lagos is something I can't wait to experience.

However, what happens if the contractor can't secure funding for the road?

In situations like this, there's usually a bid bond in place by those bidding before any contractor is given approval/wins the bid. This is usually a major requirement

Also, I suppose there will be placeholders (competitors that didn't win) that can step in if that happens.

Itsrm:
Also thought she was rude but what do I know.

Postpartum blues...lol.

To be fair, it was a low blow from the Minister too.

Also she isnt asking the question in the right manner. Not sure she totally gets it.

In an Infrastructure project of this nature, first, there's usually a preliminary EIA report usually done by an independent party, which she ought to have asked if it was out, then the approval which is usually in phases.

The EIA report also gets revalidated. Her question should have focused on what stage they were and not that they didnt have an approval in place. Because to me, her question looks like she's asking if the FG can confirm that a ministry under the FG approved that an FG project can take place?.

Even if that was the case, how's she gonna prove it? Except I'm missing something here

popizaino:
Don't you get tired of finding excuses for this man?

Oga, whilst I dont claim to be without my bias, Everything I wrote there is what I observed and looking at the stats after the game, I'm inclined to agree with my judgement.

We are still dealing with the mess you advocated for despite my arguments against it. If only Poch deployed some level of tactics or football know-how to our games, maybe there'll be excuses for him too

raumdeuter:
Who are the old players in the team.
While Tuchel is tactical in managing one game and per game. He is clueless when managing a stretch of games like in the league
Check his league position at Chelsea even when he was making finals of knockout competitions

Yes I agree which is I said it mostly stems from his lack of confidence in the squad. Especially with the way he was tinkering. I may be wrong though as I haven't watched them well enough this season. But even you agree that Leverkusen are having a Leceister season

But his PSG days was so different. That team played with way more confidence and blitzed through opponents. Not this cautious approach I have been seeing from him

Also, those Bayern players were accumulating errors and losing concentration a lot yesterday. Imagine Eric Dier being your best performer in defence. Beyond the Kim guy, That Mazraoui guy got away with a lot of rubbish. He and Goretzka had zero interaction dynamics and it was almost like that was the first time they were playing together.

Anyway, The point is now that the coach is out, your leadership also needs to look extensively at your squad cos there's a lot there

raumdeuter:
Tuchel isn't getting fired because of this game. It is the disgraceful cowardly ways he played all through

He played 7 competitions for Bayern he won 1 (because Dortmund shitt themselves) and now his last chance is to win the CL

Yeah, maybe the bolded going by today.

But I saw something else, TT isnt confident in that squad and a lot of his in-game tactics and switches reflected this.

I expected a lot more dominant movement of the ball seeing as Madrid slowed the game and left so much space across the middle channels but TT was rather adaptive and cautious of both wing channels and made a lot of in game tactical adjustments based off of that - Switching Sane, Guerreiro, Davies, Musiala....

But he's also one of the best tactical managers in terms of maximizing a squad. Seeing him in action and I could totally understand a lot of what he was doing and the why. I've missed that

To be honest, I dont think any other coach will go so far with that team except there's a proper rebuild. All those old players your team is parading with their lethargic football and error prone plays in 2024 is a no-no.

Raumdeuter, I think beyond a coach, that Bayern team is in need of a proper squad rebuild.

That team was underwhelming. What I saw today was more of adapting to the opponents style rather than imposing yours.

afrodoc2:
See as game swallow BlackTominay like amala.

Take it that you dont like Bellingham. Why though?

Think he's alright if you dont buy into the plenty hype typical of new English young stars

TrebleChamp:
Nope, just wondering why CBT exams result need to take weeks before being released rather than instantly like it's done for international exams or even job aptitude test...

Not taking away from your main point but the bolded isnt entirely true.

There are a few CBT international exams that I know of whose results aren't released immediately.

Most likely reason for this is to ensure that the exam quality control processes and data quality review steps are completed just to ensure results are presented accurately. I.e - recheck questions and maybe the difficulty, revalidate against errors in all of the questions, account for time use and exam constraints - then account for all of this in terms of scoring and results profiling

Leyqute:
Ask him to guess who scored for Arsenal too

BTW, Aren't you a United fan?

How's Mount treating you guys?

OasisX:


.......lineline to sell your dollars is NOW!

"CBN is pegging the rates".

Interestingly reserves are still in decline still, I wonder why Itrm isnt bothered about where and what the reserve payments is going towards.

Isnt CBN defending the Naira?. No one seems to care about the status of the reserves until Naira appreciates.

Anyway from what I'm seeing in the market ( NAFEM data). Looks like there's a lot of apprehension as sales volumes are really declining. Institutions and supply side arent selling and demands seems excessive.

The market seems volatile at the moment and I wouldnt be surprised if CBN actually intervenes at this time

raumdeuter:
So Total almost 6k jobs

Yet every month Joe Biden will bring out numbers that jobs are increasing

If you torture the data long enough, it will confess to anything - Ronald Coase

swiz123:
At this point, only the UK immigration enforcement can help us get rid of Jackson. Boehly will obviously fail us.

The club ownership, sporting directors, coach. Just about everyone of them is doing a terrible job.

First things first, there needs to be re-organization in the team. Maybe a new coach so I can see some level of structure with these players but given where we are currently, seems unlikely. Also which coach would be willing to commit career suicide to come here?

This is our new reality, mid table and inept with no end in sight. I am actually getting to the point where I feel nothing once the team is losing especially seeing how frequent it is

User09:
Let me look for English articles on Ratcliffe. Dont have time for all this drivel

https://www.theguardian.com/football/2023/jan/20/manchester-united-fans-nice-jim-ratcliffe-psg

https://www.ft.com/content/b837272e-6292-432e-aa25-acbee8dd268c

See due dilligence on the Ratcliffe guy that wants to purchase our darling Manchester United.

Any further debate should be had with the writers of the article. Maybe dem be Anglophobe too

Let me look for English articles on Ratcliffe. Dont have time for all this drivel

https://www.theguardian.com/football/2023/jan/20/manchester-united-fans-nice-jim-ratcliffe-psg

https://www.ft.com/content/b837272e-6292-432e-aa25-acbee8dd268c

Ibime:
Stop your foolish shalaye. What position did Nice finish in 2018/19 and what position are they now. Answer with numbers please.

Dem say person purchase team in 2019, see the season this man asked me to bring up.

Very clever guy and knows what he's doing. I think i've had enough already, go lick your wounds somewhere else

Ibime:
They were in 7th place when he bought them. They are 5th now

When I say I hate having conversations and debate with you. This is exactly what I mean.

You will lie, twist truths, fabricate just to come off as right.

At least some of us follow french league to an extent.

Ratcliffe bought Nice in 2019. Before then those guys were constantly in top 4 or at least their presence there wasnt surprising. Check them out post 2019

The team is constantly in disarray from a leadership, recruitment and transfer angle. Just like how the oga himself does things on a whim

Ibime:
How is Boehly concrete plans working out for you

Which one be bid on a whim, did Roman not see Stamford Bridge from helicopter while returning from viewing Spurs and bid on a whim?

Last I checked Nice are in 5th place, and they are just going to be a feeder club for him, and he's brought in top players there like Todibo.

Funny maths and deduction.

Why not do a comparison - before Ratcliffe vs after Ratcliffe

Ibime:
Wetin concern you with timeframe. Ratcliffe still submit bid and it was under consideration. I said don't give the club to Americans wey no sabi football, give it to Ratcliffe who actually played football. You started typing BRIT, BRIT, BRIT all over your post and extolling the virtues of Clearlake in your usual Anglophobic way

Thunder go fire you!

Oga go lick your wounds somewhere else.

Dem say person bid on a whim and had no concrete plans for the club. Yet thats the one that was supposed to be taken seriously.

I know what you are. Maybe ask Nice fans while at it for Ratcliffe reputation

Ibime:
Na you dey shout Boehly Boehly Boehly out of Anglophobia. Anglophobia punish you dia.

Bloody liar thinks he can get away with lies.

With all my criticism of Boehly so far. All I said was the consortium was preferable to Ratcliffe based on preparations and submission of bids within the required timeframe.

And any right thinking person will agree with me

WhoDeyHause:
What would he even have done different today to stop this flogging?

Now you see the point.

Maybe you can say it to the guy who spent multiple seasons blaming the DM for everything wrong with the team

User09:
Penny pinching richest brit basically submitted a low bid for Chelsea plus was pulling dirty tricks in the media .

He was basically trying to take advantage of the situation by scrimping us. Musta forgotten how rich and liquid he was at the time.

Also Sir richest brit couldnt even be bothered to fulfill all conditions of the bidding process and was outrightly rejected because they bid on a whim and had no concrete plans for the club (According to Raine group) but of course we are meant to believe he's going to take us seriously and has got the best of intentions. Funny guy also missed the deadline twice. Was probably counting on his liquidity and his british citizenship to do the job for him

Someone who was given an equal opportunity but was banking on an unsuccessful bid from competitors so he can swoop in.

https://www.telegraph.co.uk/football/2022/05/04/sir-jim-ratcliffe-set-re-submit-chelsea-bid-todd-boehly-does/

See my comment on the bid.

Ibime will lie, twist things just to come off as right. What a dolt.

He say na Anglophobe. I must be Telegraph, who the hell will approve after seeing the above

E dey pepper you abi.

Thats what it feels like when u spend multiple seasons on a crusade only for the guy to leave and the team is worse off.

Lucky all the time. Lucky with UCL, Lucky with UEFA best player. Must be the luckiest player on the earth