seunmsg:


I doubt if NNPC has 450,000 barrels that they can give to Dangote daily. We barely produce about 1.7 million barrels daily now. By the time IOCs take their share, NNPP will be struggling to have enough to give to those they have collected money from.

DeLaRue:
I think this is hot air.

No foreign company or group of companies anywhere in the world will invest $27 billion dollars in any single project in Nigeria, let alone a port in Warri.

$27 billion! Or do they mean $2.7 billion. The new port in Lekki cost less than $4 billion. Dangote 's unprecedented refinery costs less than $20 billion.

Onne which can't be that far from Warri is not even operating at full capacity. There' are also Lekki and Apapa ports.

Do people think investors won't look at the competition. They'lll just throw $27 billion into a project. Just like that.

Max24:

So, what wrong with that ? If there are no jobs in the city and there is land , what stops you going into farming since there is land in the states?: Must everyone be in Lagos to sell gala when there is land to farm in the states?

ivandragon:


Is farming your source of primary source of income or do you farm/produce the crops as a means of sustenance?

Godwin4444:
he said show us not tell us

I can tell u I have multiples of what u mentioned up there too since talk is cheap

nedu666:


Let start with you. Show us your farm

Ojuntana:

Again, I ask you to show me any serious country that's developed by embracing subsistence farming.
Graduates ride keke and do POS. Those graduates should be employed carrying out the industrialisation and research you mentioned.
But I'm surprised someone is saying keke and POS contribute nothing to the economy nor feed the population. You're narrow-minded sir

Ojuntana:

Can you mention any serious country in the world where larger percentage of the populace are subsistence farmers?

Thanks

Twy:


You have to understand that you are discussing with people who are not open minded, hence the issue of Lagos this and that. The issue of Apapa and Tin can is largely a federal government issue, state do not directly get revenue from ports, it is Customs and FIRS and other federal bodies. Secondly, there is a port in Warri, which has a growing oil and gas activity. What is needed right now in that axis is infrastructural development which can be linked to the existing port or then a new port. People like to talk about industrial development, but it can work if there is an existing market around the port, an export oriented industrial project but if not, the infrastuture needs to be there including rail network.. The strength of the ports in Lagos has little to do with the state government but because Lagos is seen as a strategic market for industries to sell goods and also easy access to imported raw materials for those industries, developing a new commercial zone will need infrastuctural development.

BossGerald:

Lagos port monopoly at play here...this is the bad side of it.


Decentralise ports operations in the country, complete Akwaibom deep sea port and watch Lagos noise reduce.

The lead promoter of the Escravos Seaport Industrial Complex project in Delta State, Mercury Maritime Concession Company, has said that Nigeria may lose $27.29bn investment in the project by the end of June.

The Chairman of MMCC, Rear Admiral Andrew Okoja (rtd), disclosed, in a statement on Tuesday, that this was due to the prolonged delay by both the Federal and Delta State Governments to give final approval for the project’s take-off. Okoja added that investors were ready to commit funds for the commencement of the project. Recall that EDIB International of Hong Kong had early this year expressed its willingness to invest $27.29bn to develop the ESIC project, whose deep seaport would be located in Escravos (Gbaramatu Island/Omadino) Warri South-West Local Government Area of Delta State.

The project would be carried out through a joint venture partnership with a Nigerian firm, MMCC. The development of the ESIC project, which commenced in 2019, aims to develop 31,000 hectares of land in Delta State into a deep seaport, crude oil refinery, gas complex, independent power plant, airport, and nature park among others. Okoja pointed out that the slow pace at which the Federal and Delta State Governments were providing necessary approvals could result in Nigeria missing out on creating job opportunities for its citizens.

“This is apart from boosting the nation’s economy from its present distress state,” he said. However, he stated that the project promised to massively open up Delta State and seven other states, including FCT, to international investment in trade, commerce, and industry. “ESIC would transform the Delta State economy and those of ESIC beneficiary states from a rural-driven economy with sprinklings of urban development to a metropolis-driven economy of international dimension,” he added.

According to Okoja, the ESIC is a non-solicited public-private partnership-driven project regulated by the Infrastructure Concession Regulatory Commission Laws of the Federal Government of Nigeria. “It is modelled after the Lekki Deep Seaport/Free Trade Zone to serve the marine/economic interests of the Niger Delta, eastern and some northern states of the country specifically to solve the perennial port congestion problems in Nigeria,” he elucidated. He further noted that the ESIC project would complement the ongoing Lagos-Calabar coastal highway. Okoja stated that the protection sought was a 50-year renewable concession lease, (which must be extended to 99 years for all other infrastructure and land) to build, own, operate, and transfer the ESIC deep seaport free trade zone project, for which the Federal Government’s provisional approval was granted to MMCC in November 2020.

“It is instructive to note that by this deal, the ESIC ownership of the deep seaport would revert to FG at the expiration of the renewable 50-year concession. “Secondly, it is also consequent upon the May 2022 Delta State Government expression of willingness to lease 31,000 hectares of land located at Escravos and Omadino to MMCC to host the entire ESIC project,” he explained.

He maintained that the project would incorporate the development of road, rail, and marine connectivity approaches to the hinterland destinations to optimise cargo flow. The retired naval officer stated that what EDIB International Limited was seeking as the development partner and financier of ESIC project was the Presidency’s reconfirmation of erstwhile approval of ESIC project by its previous administration, “confirmation of all privileges of FTZ and capital repatriation of ESIC project, as well an approved letter of comfort to MMCC to enable the financier to release ESIC project funds”.

“We advise the Federal and Delta State Governments to take advantage of these three-week grace period before the expiration of this deadline or else the funds set aside for ESIC would be diverted to other needy African nations,” Okoja pleaded.

alezzy13:
Look at the hefty sums the oil producing states are receiving.

And they have the audacity to claim they can't pay 60k??

Delta for instance is accruing staggering 37b!! that is more than 6 states combined!!

PARADIZEPRIEST:
DELTA OWNS ALL THE FIGURES HERE BECOS IS THEIR OIL MONEY EVERY STATE SHARES.

helinues:
Let them first analyzed their 2023 expenditure

Gadafii:
What does Delta state do with over 30 billion monthly

jmoore:
Recently Russia is embarking to build a solar project in Mali. 200 megawatts capacity at the cost of 217 million dollars.

If Nigeria had channeled the 15 trillion naira into solar power generation, we will get 9,400 megawatts at the cost of 10.26 billion dollars.

Amibo1:
Peter Obi & Anambra School, Reno, Bwala, Agbado & Soyinka Will Not Be Happy With This Interview


https://www.youtube.com/watch?v=FOAOJjb81MY

ProjectsCityNG:
How did TY Danjuma make his money sante ?


Does it ever occur to you that Danjuma is trying to atone for past devilish acts and that Obi is rather giving from hard earned money ?


This guy has chosen to ruin the entire goodwill he once had with people. I feel great pity for him