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Cost Of China's Yaxi Expressway Vs Nigeria's Lagos Calabar Coastal Highway - Politics - Nairaland

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Cost Of China's Yaxi Expressway Vs Nigeria's Lagos Calabar Coastal Highway by socialmediaman: 2:27am On Apr 23
China's Yaxi Expressway Cost $3.3 billion USD in 2012. The bridge is considered an engineering marvel and a masterpiece!

Yaxi Expressway is the same length as the Lagos - Calabar Expressway (about 240 kilometers).

If you factor in about 150% inflation between 2012 and 2024 in the construction industry (based on 12% average inflation annually), it will cost $7.5 billion USD in today's money, about N8.5 Trillion naira.

So why is the Lagos Calabar Expressway costing Nigeria N15 Trillion naira?

5 Likes

Re: Cost Of China's Yaxi Expressway Vs Nigeria's Lagos Calabar Coastal Highway by socialmediaman: 2:29am On Apr 23
Re: Cost Of China's Yaxi Expressway Vs Nigeria's Lagos Calabar Coastal Highway by MMWandali: 2:36am On Apr 23
For Naija figures
Politicians get cut
Re: Cost Of China's Yaxi Expressway Vs Nigeria's Lagos Calabar Coastal Highway by tuborme: 3:36am On Apr 23
I am currently in China and I can confidently tell you that we have thieves in all our government houses. Supported by morons who lurk the corridors for peanuts!

14 Likes

Re: Cost Of China's Yaxi Expressway Vs Nigeria's Lagos Calabar Coastal Highway by 89green: 3:46am On Apr 23
Na figures we go chop?

abeg go to court, me n my urchins are on the mandate till 2059. grin

1 Like

Re: Cost Of China's Yaxi Expressway Vs Nigeria's Lagos Calabar Coastal Highway by Sannisege: 4:06am On Apr 23
socialmediaman:
China's Yaxi Expressway Cost $3.3 billion USD in 2012. The bridge is considered an engineering marvel and a masterpiece!

Yaxi Expressway is the same length as the Lagos - Calabar Expressway (about 240 kilometers).

If you factor in about 150% inflation between 2012 and 2024 in the construction industry (based on 12% average inflation annually), it will cost $7.5 billion USD in today's money, about N8.5 Trillion naira.

So why is the Lagos Calabar Expressway costing Nigeria N15 Trillion naira?
Answer; because the Lagos - Calabar highway is 700km+ long and not 240km as you falsely claim. Propagandist. Ordinary Lagos to Ibadan is about 131km not to talk of Lagos to calabar

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Re: Cost Of China's Yaxi Expressway Vs Nigeria's Lagos Calabar Coastal Highway by Tflex01: 4:17am On Apr 23
If this project is for the Northerners, nobody will criticise it, even Northern politician like Atiku will dare not criticise it because of the anger his people will show towards him...
But in the South, everything is about grandstanding, hate and bitterness especially with our Eastern brethren.

Bad news for you all, the project WILL BE COMPLETED! who wan die make e die. 😂

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Re: Cost Of China's Yaxi Expressway Vs Nigeria's Lagos Calabar Coastal Highway by StOla: 4:24am On Apr 23
socialmediaman:
China's Yaxi Expressway Cost $3.3 billion USD in 2012. The bridge is considered an engineering marvel and a masterpiece!

Yaxi Expressway is the same length as the Lagos - Calabar Expressway (about 240 kilometers).

If you factor in about 150% inflation between 2012 and 2024 in the construction industry (based on 12% average inflation annually), it will cost $7.5 billion USD in today's money, about N8.5 Trillion naira.

So why is the Lagos Calabar Expressway costing Nigeria N15 Trillion naira?

You live in a different reality where the length of the Lagos - Calabar Coastal Road of over 700km is equivalent to about 240km?

3 Likes

Re: Cost Of China's Yaxi Expressway Vs Nigeria's Lagos Calabar Coastal Highway by StOla: 4:32am On Apr 23
While the OP is at it, let him analyse why a $250m power project in Abia state eventually became an $800m project that caters to only 9 local government areas in Abia, State.

What manner of inflation did the dollar suffer?

4 Likes 1 Share

Re: Cost Of China's Yaxi Expressway Vs Nigeria's Lagos Calabar Coastal Highway by Mynd44: 4:45am On Apr 23
8. Don't post false information on Nairaland.

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