₦airaland Forum

Another lovely one

"Econet buddy, show me your buddy, everybody needs to have a buddy buddy..."

Three Crowns advert with the parachute had us designing parachutes.

I love the AP advert. Lovely animation
"I think I got a fever can't get up the slope
I'm gonna see the doctor
tell him how I'm feeling..."

I also loved indomie's first advert
"...instantly, my noodles are ready whenever you're hungry, ah! Abracadabra..."

edogirl2: Once Lagos state started discussion with the Federal Government for permission, the Federal Govt insisted it must have a share in this sweet project before it would allow it to go ahead .

Also, that the Federal share must be more than that of Lagos state, hence the 20% to 18.5% Federal/State holding. . See the pettiness of the so - called Federal Govt?

The Sponsors, the Tolaram Group, is expected
to hold a beneficial interest of up to 45% in the
project while the NPA and Lagos State Government
are expected to hold approximately 20% each.

www.lekkiport.com/about-port-lekki/project-structure.html

TS2: Thy are providing land. Is land cheap?? They are even making a loss because its not like the land is there. They are reclaiming land that was formerly eroded by the ocean which the FG could have avoided if they did dredging and shoreline control when they were supposed to have done so.

Go and see what land reclamation entails and tell me if its chips.

Are you saying LASG's equity is the cost of reclaiming land for the project?
Is all the 90 hectares reclaimed land?
Why would LASG reclaim the land before the project and not as part of the project?
This seems to contradict everything that has been said before now, both here and elsewhere.
www.lekkiport.com/theport/location.html

edogirl2: This is actually a Lagos State project. It was conceived and planned by the state.

Unfortunately, under the Constitution, the Federal Government has authority over the building of Sea or Air ports.

Once Lagos state started discussion with the Federal Government for permission, the Federal Govt insisted it must have a share in this sweet project before it would allow it to go ahead .

Also, that the Federal share must be more than that of Lagos state, hence the 20% to 18.5% Federal/State holding. . See the pettiness of the so - called Federal Govt?

Now they are arguing about how much Lagos's equity contribution is worth, more than 2 years after they could have raised this issue.


For those who don't know, Federal Government is simply trying to frustrate this project or at least slow it down as much as possible.

But for the constitutional issue, Lagos State didn't/doesn't need the Federal Govt's involvement in this project, but the Federal does not want the glory of this project to go to Lagos State.

Remember, there is a good chance that this port will be a major competitor to, and put to shame, the Federal-owned Apapa/Tin Can ports. The Federal govt is just looking for ways to sabotage this project.

Your posts is quite enlightening, it clears up the air on when FG came into the project, why it did not have an independent valuation done before inception and why the land is priced as it is. Though it would be helpful if you could provide links to verify some of the info.

However, you seem to contradict yourself when you say the FG wants a share of the juicy project and also claim they are trying to frustrate it.

Also since the value of the land is fixed the FG insisting on having a larger share than LASG will only result in FG putting up more hard physical cash for the project which I believe is actually good for the project (especially if no one else is ready to put up that $300m) and to LASG's benefit.

I'm not thoroughly conversant with the mandate of the NPA but it seems to me that it isn't compulsory for FG to put up a share in the project for NPA to exercise that mandate. For example there are private and state built airports still being regulated by the NCAA.

With regards to the Nigerian Constitution, in as much as we all agree it has a lot of shortcomings I'm not sure port management is one of those. It's generally the usual practice all over the world for the federal government to provide the regulatory framework for port operation under a federal constitution.

emiye: the FG a partner to the project is expected to know what each partner is bringing to the table from the outset, i have absolute doubt about the sincerity and commitment of the FG to the success of the project.

It depends on the stage at which FG was brought in. If NPA has been there all along and was involved in picking the site and selecting the private partner, then FG is totally guilty of foot dragging.
But if NPA was brought in mid-project and confronted with these demands then the fault lies with LASG.

To put it in perspective, how much do other states charge FG for land used for federal projects in their territories?

I think a simple solution suggests itself. FG and LASG should split the value of the land 50/50 and include it as part of their equity. They should also jointly finance the compensation of those currently occupying the land.

In other words, LASG will only lay claim to 50% of the land value as It's equity contribution, while FG takes up the other half.

obedz: a Singaporean firm being a major stakeholder of our seaport is laughable

The Port of Singapore is the world's second-
busiest port in terms of total shipping tonnage, it
also trans-ships a fifth of the world's shipping
containers, half of the world's annual supply of
crude oil, and is the world's busiest transshipment
port. It was also the busiest port in terms of total
cargo tonnage handled until 2005, when it was
surpassed by the Port of Shanghai.
http://en.m.wikipedia.org/wiki/Port_of_Singapore

nicflame: When you fail to notice that there's little difference between the 20% the whole federal gov't is contributing, and the 18.5% just a state is contributing, then mathematics has failed you by dear brother.

That 18.5% Lagos is contributing consists solely of what they claim as the value of the land.
They are not putting up a single kobo besides making the land available.

In other words the land is valued at $277.5million (18.5% of $1.5billion), which translates to ₦44.4billion (at ₦160/$).

emiye: Forget about what you and I think. We have land and estate valuers, so an independent professional land valuers can be employed to estimate that land. If the FG refuses to co-opeate with the assessment of an independent land valuer, then it simply does not want the success of the project, it is a clog in the wheel, that should be pushed out in every means possible., it is very annoying to be told value of land is a problem in such worthwhile project.

emiye: If me and you in a joint venture want to set up a pure water manufacturing coy, and i am contributing a building and you are contributing the machines, to avoid disagreement, certified independent assessors can quantify the monetary value of my building, that way my equity contribution is determined.

It's not as simple as you guys are trying to make it. Land valuation has a subjective aspect. It is common to see valuer for opposing sides in litigation come up with widely varying property values. Similarly, a lot of banks in Nigeria have got their fingers burnt by relying on valuation reports.
Another challenge (at least in the Nigerian case) is agreeing on who is an 'independent valuer'. Will Lagos State accept a firm with majority Hausa, Igbo or Ijaw partners as 'independent'? Or will the FG accept a Lagos based firm (which most likely has done business with LASG previously) as independent? Will LASG accept one that has business dealings with FG? Should they take the average of several independent valuations ☺?

But whatever the case NPA is within It's rights to request to verify It's partners' claims. We should always try to encourage due diligence in government agencies.

It seems odd to me though that an independent valuation wasn't done much much earlier ie before land acquisition (except if NPA was not involved at the inception), at this stage the objectivity of the process will suffer.
I also find it odd that LASG is putting up the land as It's contribution since usually Nigerian governments (both state and federal) just appropriate land for their projects and only pay the residents compensation for improvements on the land and cash crops.

Hearme: That's the height of joblessness in Nigeria. Posting on social media by 2am-3am. I think its strange or can we say its an obsession or lack of sleep coupled with depression ? It reminds me of the days of free night calls, I guess the population of people who do free night calls has drastically reduced due to chatting on social media. OR COULD IT BE THAT WE NOW HAVE FREE MEGA BITES AT NIGHT. MAY BE IT IS THE MTN NIGHT PLAN? LOL.

What about posting by 2pm on a Monday when one should be busy at work (as you did) does that also indicate joblessness?

vizkiz: we are having fasting and prayer in my church, and there's a girl who told me tha she wanna come over to my house after service...

i know "something" will happen if she comes, but i dnt wanna offend her and i dnt wanna loose my prayers. Pls advice

They're will be other times for fasting and praying, but this chance might not come your way again.
Hell hath no fury like a woman scorned.

lafuria1: We've had our cylinder in the kitchen for more than 20years, the key is to be observant, ensure the valves are well tighten.

berem: My cylinder have been in the kitchen since 1987 and no explosion has ever happened. As lafuria1 said,the key is to be observant.

iswallker: 12.5kg cylinders and amaller go inside while anything bigger is placed outside.

Cylinders don't jus explode. Turn off while not in use. Tighten tthe hose to prevent leakage. Ull be safe.

All while I was growing up my parents had the gas cylinder in the kitchen.
Mine has been in my kitchen for 5 years now.
Just be cautious.

www.afrox-gas.co.za/en/health_and_safety/gases_and_cylinders/storage_cylinders/index.html

egopersonified: Op, these have happened to me several times. I would never forget the day we went to church and a guy couldnt drive out from where he parked, I gave a suggestion and all the men there, including my husband, ignored it.

To be fair even women ignore other women's advice in issues that are deemed 'traditional' male areas.
Similarly women ignore men's advice in area they feel are the strong fort of women (like cooking and baby care).

I always find it odd that (Nigerian) women complain about the 'sexist' scenarios that are to their disadvantage but never of those to their advantage.
For example when they are excused from late night duties, not detailed to carry out emergency handy man jobs around the office, when the boss is not as tough on them as he is on their male colleagues, or when their requests or comforts are given preferred attention.

Don't you think that if you want equality it should be all round.

If It's something else you want you'll end up paying for it somehow eventually.

naijaboiy: Expecting me to stand up and support her husband blindly right

"-_-"[/i]

But when you support the wife without hearing the husband's side of the story aren't you supporting the wife blindly?

Orikinla: Okay.
But "Half of a Yellow Sun" had some special commercial screenings in Nigeria.
A bank even paid millions for the staff and guests to see it in Lagos.
So, there is a lack of transparency in the local distribution.

Can you blame them?
Public viewing was 'banned', that doesn't mean they can't have private viewings.

This blame game is totally unnecessary, pirates will always find a way to get their hands on any movie they think will sell.
Most big Hollywood movies are available online, illegally, within a week (cinema version). Better quality versions are available within a month.

It's not uncommon to have Hollywood movies legally available for purchase (both digital and hard copy media) while still in theatres.

Frozen (2013) was released in the US on 27 November 2013 and was released for digital download on February 25, 2014 (3 months later).
It was released on Blu-ray Disc and DVD on March 18, 2014. Meanwhile it wasn't released in cinemas in Japan until March 14, 2014.
It did not close in theatres till July 17, 2014 after making $1,267,838,009 (worldwide).

Ogbonaikenna: “Pastor Taiwo was running to a neighbour’s house
and it was in the course of his fleeing that he was
shot in the head and the chest and the insurgent
equally came to butcher him to make sure that he
was dead.”

It's really sad that incidences like have become common place in our country.

It's odd though that the eye witness who narrated this story doesn't know what happened to his family.

Demainman1: Who or What is International law? When did international law start creating countries? did International law create Nigeria too?

It is international law that made Nigeria give Bakassi to Cameroun.

Demainman1: So if the land belong to hamas, where is the Jew land? In your house?

Mandatory Palestine was divided into 2 nations - Israel and what is currently know as 'Palestinian Territories'. Israel is occupying the 'Palestinian Territories in addition to the portion which belongs to them.

Demainman1: If Palestinians/Hamas are not majority muslims what are they? Jews?

A good number of Palestinians are Christians.



I get the impression that your whole conception of this conflict is that it is a 'biblical' conflict between Israelites and Philistines.

Demainman1: Invading force from where?

We all know that that land belongs to the Jews and they have every ryt to live there.

hotwax: Who are the invading force?

The land doesn't belong to Israel, international law says so. Israel is legally recognised as an occupying power.

If you prefer to use the bible, then the Canaanites are the original owners of the land (and Palestinians may very well be their descendants).

And thou shalt speak and say before the LORD thy God, A Syrian ready to perish was my father, and he went down into Egypt, and sojourned there with a few, and became there a nation, great, mighty, and populous: ~Deuteronomy 26:5 (KJV)

Does that also give Israelis the right to claim Syria?

Demainman1: As long as the are Muslims, Israel will never, i repeat, never trust them.

Palestinians are not all Muslims.

hotwax: If Hamaz is not a terrorist Organization. Then Boko-haram are doing the right thing. Boko-haram should be getting Federal Allocation. They have the right judging by Hamaz.

Demainman1: While you are at it. Can we also call Boko Haram Separatists and not Terrorists too?

While I do not endorse Hamas' methods (or that of Israel for that matter), Hamas is fighting an invading force, this is totally different from what Boko Haram is doing.
In fact Boko Haram's aims are more similar to that of the Ukrainian 'separatists' than that of Hamas (if we look beyond what religion each group professes).

SalC: And this cannot be achieved when they are busy throwing bombs and rockets.

How long has the 'peace process' been on?

I believe Israel has had a enough chances to return the 'Occupied Territories' in exchange for peace.

SalC: Am not even supporting any group here, but the way people are blaming israel here isn't so right.

Peace is the way to go. No need for this war, we've seen enough already.

In that case isn't the best hope for peace the 'Two State Solution' and an end to Israeli 'Occupation'.

onitshaigbo: The Holy Land belongs wholy to the Jewish people. God decreed it in the Bible!

If you want to use the Bible as the basis for your argument then you need to acknowledge that God also chased them off the land (remember Jesus' Prophesy).

SalC: You are talking about the now, while am referring to the origin.

http://en.m.wikipedia.org/wiki/History_of_the_Israeli–Palestinian_conflict
This is long but worth reading.

UN Resolution 242 was passed in November 22 1967. How is that 'now'?
I really don't think you've read the article you put up. You couldn't hold the opinion you currently do otherwise.

SalC: The same arabs we all know are occupying the land initially own by the jews?

According to international law Israel is the one occupying Palestinian land in violation of UN Resolutions 242 and 338.
The International Court of Justice, the UN General Assembly and the United Nations Security Council regards Israel as the "Occupying Power".
United Nations Security Council Resolution 478 declared the annexation of Jerusalem "null and void" and required that it be rescinded.

Delafruita: more appropiately when the british took arab lands and gave it to jews

The 'giving' wasn't done until 1948.

Firefire: How did this conflict start in the first place?

Depends on where you want to start telling the story from.
The best place to start though is during World War 1 (1915-17), when the British promised the same piece of land to both the Arabs and the Jews.

One man's freedom fighter is another man's terrorist.

As late as 2008 Mandela was still labelled a terrorist by the US Government.

Decibel: Thanks.

You're welcome. ☺

Decibel: Albinition means from
inception(beginning)

Ab initio