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Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Rosskiiku: 1:56am On May 03, 2021 |
CNN lists Africa's 9 Biggest Infrastructure projects. Nigeria accounts for a third of them. Nigeria leads Africa in Major Infrastructure Projects From railways to ports, these infrastructure megaprojects are reshaping Africa By Rebecca Cairns, CNN Updated 1219 GMT (2019 HKT) January 15, 2021 Across the African continent, innovative transport systems and smart cities are being developed to boost economies and increase trade opportunities. 1) While Nigeria is one of Africa's most oil-rich countries, its refineries are only operating at a small fraction of their capacity. It's not just bad for the economy — fuel shortages mean Nigeria suffers frequent power cuts. But Africa's richest man, Aliko Dangote, is building a $12 billion oil refinery he says will solve Nigeria's fuel problem. Covering 2,635 hectares, the new Dangote Petroleum Refinery will be the largest in Africa, with capacity to process 650,000 barrels a day. Dangote hopes to create a market for Nigerian crude oil worth $11 billion annually. The refinery is expected to open this year. MAN Energy Solutions 2) Projects like Lekki Deep Sea Port in Lagos aim to reposition African cities as internationally competitive business centers. The multipurpose port — which will be the deepest in sub-Saharan Africa — is intended to increase Nigeria's commercial operations across West Africa and its global trading potential. It is designed to handle four million metric tons of dry goods a year. The Chinese Development Bank has loaned $629 million to the project and China Harbour Engineering Company is providing $221 million in equity funding for the port, which is expected to generate revenue of $361 billion and create up to 170,000 new jobs. The port is due to be completed by 2022: work on the breakwater phase is underway. 3) Just 28 miles (45 kilometers) east of Cairo, Egypt is constructing a New Administrative Capital. The $58 billion project, started in 2015, is designed to be a hub for government and the finance industry. Egypt hopes to entice some of the 20 million residents of its current capital, Cairo, to relocate to the new city, where there is space for 6.5 million people. The city will feature numerous skyscrapers, including Africa's soon-to-be tallest building, the Iconic Tower. Recently, a $4 billion, 100-kilometer monorail project, connecting Cairo and the new city, was announced. The Egyptian government says it will trial operations in the city in the first half of 2021. 4) The ambitious Grand Ethiopian Renaissance Dam (GERD) is one of Africa's biggest infrastructure projects. Built on the Blue Nile River near Ethiopia's border with Sudan, the $5 billion dam will generate 6,000 megawatts of electricity annually. The project aims to turn Ethiopia into Africa's biggest hydroelectric exporter. But the dam has been controversial from the get-go. The Blue Nile is one of two sources for the River Nile, providing 85% of the water that flows north through Sudan and Egypt, to the Mediterranean. Colonial-era agreements mean Egypt and Sudan, which rely on the river for their water supply, have maintained control over the river in the past -- but Ethiopia's dam threatens this. Negotiations between Ethiopia, Sudan and Egypt are ongoing, but an agreement is yet to be reached. 5) Designed to connect Kenya's main cities, and eventually neighboring nations, the Kenya Standard Gauge Railway is the largest infrastructure project undertaken by Kenya since it gained independence in 1963. Construction of the first 300-mile (482 kilometer) section between the coastal city of Mombasa and Kenya's capital, Nairobi, was completed in 2017. Traveling at an average speed of 74 miles (120 kilometers) per hour, the train journey between the two cities now takes just four hours instead of 12. The $3.8 billion project was built by Chinese construction company China Road and Bridge Corporation (CRBC), and 90% funded by China Exim Bank. 6) Phase two of the Standard Gauge Railway project, connecting Nairobi and Naivasha, a town popular with tourists for its proximity to Hell's Gate National Park and Mount Longonot National Park, was opened to passengers in 2019. The $1.5 billion project was also built by CRBC and financed by Exim Bank. Extensions to the current line are still under consideration for the coming years, with proposals for lines connecting with Ethiopia, Uganda and South Sudan, as well as further lines within Kenya. 7) Another ambitious railway project, the Lagos-Kano Standard Gauge Railway, in Nigeria, will span 1,678 miles (2,700 kilometers) from the port city of Lagos, to the northern city of Kano, near the border with Niger. Intended to boost the economy, the railway will carry both passengers and freight. Built by China Civil Engineering Construction Company (CCECC) and partially funded by Exim Bank, the project is being completed in multiple stages: the first section between Abuja and Kaduna was completed in 2016, while the second Lagos to Ibadan section began trials in December 2020. 8 As Namibia's largest commercial port, Walvis Bay processes five million tons of cargo every year. A $300 million, five-year project has seen the port more than double its capacity for container units and reduce waiting times for ships. Its new container terminal, built on 40 hectares of reclaimed land, was announced to be fully operational in September 2020. 9) Egypt's Suez Canal underwent an $8 billion expansion in 2015 to increase trading potential, and it has paid off, with a 4.7% rise in revenue. However, further expansion might be on the cards: in September 2020, Hala el Said, Minister of Planning and Economic Development, said that $1.1 billion has been allocated to upgrades on the Suez Canal project in 2021. As one of the country's major sources of income, increasing the capacity of the canal will be vital for economic growth in the coming decade. Proposals include four tunnels beneath the canal, and equipment upgrades. https://edition.cnn.com/2021/01/14/africa/gallery/africa-infrastructure-projects-hnk-spc-intl/index.html 1 Like 1 Share |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Rosskiiku: 2:12am On May 03, 2021 |
Other Nigerian mega-projects: Eko Atlantic ($25 billion) Lagos - Aba - PH - Calabar Coastal Rail Line ($11 billion) Lagos Light Rail ($30 billion) Mambilla Power Plant ($5.8 billion) 2nd Niger Bridge ($2 billion) World Trade Center, Abuja ($1 billion) 2 Likes 1 Share |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Peterobi90: 2:22am On May 03, 2021 |
If the president re-evaluates his appointments to ensure federal character and lack of nepotism, then we might just have a United Nigeria to fight insecurity, unemployment and the downward spiralling economy.. If the IG of police was from the SE, do you think the mayhem being unleashed on the police by the UGM would not be fought against by that region?.. But it seems the presidency does not think that way. 2 Likes 1 Share |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Omihanifa: 2:28am On May 03, 2021 |
Rosskiiku: Over inflated projects 8 Likes |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Rosskiiku: 2:30am On May 03, 2021 |
Omihanifa: Proof? 1 Like 1 Share |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Karlovych: 2:40am On May 03, 2021 |
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Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Omihanifa: 3:11am On May 03, 2021 |
Rosskiiku: Lagos Ibadan rail (156kilometers) was built by CCEC for 2billion dollars in 2016 While Ghana government awarded a 560-kilometre rail contract to a subsidiary of thesame CCEC for 2billion dollars in 2019 Now the question is why is Ghana building more length of rail line at a cheaper cost and Nigeria keep spending so much? Thesame scenario applies to Abuja stadium that was built by the Obasanjo adminstration in 2003. So much money was spent (380 million dollars) South Africa during the preparation for the 2010 world cup built a better stadium for less of that price Just of recent the minister for works awarded the Abuja Kaduna Kano express way to Julius Berger at the cost of 1trillion naira, if you take that same length of road outside of Nigeria you will be shocked that with 500billion the job will be done and some change go still remain. 6 Likes |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Rosskiiku: 3:32am On May 03, 2021 |
Omihanifa: You don't use stuff like the length of a rail line, road or bridge to determine how much it should cost. Numerous other factors come into play including topography and soil type, rainfall density, timeline for completion, choice of materials used, loan repayment deal reached, eg the shorter repayment time, the lower the price charged, etc etc. Only a layman would say, ''oh this road in Ghana is 100km and cost 3 million, so every 100 km road in NIgeria should cost 3 million.'' 5 Likes 1 Share |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Omihanifa: 3:38am On May 03, 2021 |
Rosskiiku: Yes I agree with your point but you see the truth is that cost of doing project in our country is too high. Politicians are clearly inflating contact sums and end up still delivering low quality jobs. A classical example is the solar street lights that was installed all over the major roads in kubwa (Abuja). The lights can barely see, they are so dim despite the abundant of sunshine. 2 Likes 1 Share |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Rosskiiku: 3:38am On May 03, 2021 |
Karlovych: You're being ignorant and dumb. Nigeria is a developing nation like 80% of nations on Earth, and will have many untarred roads for the foreseeable future. It is no reason to deride major infrastructure projects. 5 Likes 1 Share |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Difrent: 3:42am On May 03, 2021 |
Watch how they will call CNN names Children of hate will soon fill their thread with the poisonous thoughts ,even if you turn their region to Dubai they will still doubt it and won't appreciate,the only thing they want to hear is bad news and killings 3 Likes 1 Share |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Rosskiiku: 3:47am On May 03, 2021 |
Omihanifa: Solar street lights are famously inefficient all over the world and are not a 'Nigerian' phenomenon. Also, most of these major projects are not amenable to 'inflation' of cost, for the simple reason that they are financed by infrastructure loans (mostly from China) which do not come in cash. So a Chinese company is contracted by Nigeria to build a railway line, and they charge 3 billion dollars. 2.5 billion will be paid by the Chinese govt to the company, as their loan to Nigeria. Nigeria pays the 500 million dollars balance, and repays the Chinese govt the 2.5 billion over a 20 year period. So where is the room for any corruption or contract inflation? Nowhere. 3 Likes 1 Share |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Rosskiiku: 3:53am On May 03, 2021 |
Peterobi90: We must stop acting as if Buhari is there forever. The man is gone in a year and half, and we'll have a southern leader, likely an Igbo man, if they can get their act together, support a strong candidate, and abandon IPOBism. 2 Likes 1 Share |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Difrent: 3:59am On May 03, 2021 |
Peterobi90: Is it really nepotism that's driving the agitations in the east or GREED. Ibos control our capital market and monetary sector (except for minister of finance) , Ibos control trade and enterpreneurship , manufacturing , import and export, visible in banking , not lagging behind in agriculture, education and health ......no yoruba or HAUSA man is occupying the ministerial slots of eastern states BUT BECAUSE they don't control the military and security forces they have become marginalized. DO IBOS WANT TO CONTROL EVERYTHING ? this country belongs to all of us and there nothing wrong if Ibos don't control (not that ibos are not represented) armed forces when they control the economy...,it greed that makes ibos want to control the economy and also control the security forces. 3 Likes |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by uptimum123(m): 4:07am On May 03, 2021 |
That's why we love Baba Buhari Fvck haters and Ipob miscreants 4 Likes 2 Shares |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Karlovych: 4:12am On May 03, 2021 |
Rosskiiku:BMC agent which Nigeria is developing? I suppose images of tall buildings and houses is your definition of development, if only your 30K stipend can let you travel more often and see what development looks like in other countries including the 80 percent you mentioned 6 Likes |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Rosskiiku: 4:19am On May 03, 2021 |
Karlovych: I've been to more places on earth than your little head can fathom. Yes, Nigeria is DEFINITELY developing. Right now, there are a 100 billion dollars worth of development projects ongoing in Nigeria. Somebody needs to dump your pampered butt in Yemen, Eritrea, Uganda, Chad, or Sierra Leone, so you can know what a real hellhole is. 6 Likes 1 Share |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by AlhajiNatty(m): 4:49am On May 03, 2021 |
OP, you're a pathological liar |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Nobody: 5:10am On May 03, 2021 |
Difrent:This right here is the mind set of most nigerians toward Igbos 100% Igbos already control the market and economy what do they need political power for Honestly it's sad living in the same country with people who think like this and don't see anything wrong with it 3 Likes |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Balkan(m): 5:12am On May 03, 2021 |
BMC |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Rosskiiku: 5:17am On May 03, 2021 |
AlhajiNatty: Really? Here is another ''lie''. Africa's top destination for venture capital investment ![]() https://techcrunch.com/2021/02/11/how-african-startups-raised-investments-in-2020/ 2 Likes 1 Share |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Difrent: 5:22am On May 03, 2021 |
Igbochief001: Don't you have political power in your states? While PDP was ruling , were your people not in strategic positions , was anyim not SGF? whose fault if a party that you give 90% votes don't find you worthy of being president and felt the highest position that can come to you is SGF & SP. It's sad how most Ibos have turned other NIGERIANS into enemy because GEJ lost elections in 2015 and have made many Ibos lost their minds......for goodness sake for 16 years between 1999-2015 sotherners ruled for 14 years and Ibos were a great beneficiary of those 14 years having super ministers with strategic portfolios but the moment you lost , you have started being MARGINALIZED.....greedy Bastards want to control everyone 7 Likes 2 Shares |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by PissfulProtester: 5:28am On May 03, 2021 |
Peterobi90:As if say na only Una dem do Nigeria for.. Continue to dey unleash mayhem on police na. E go shock you say police no dey ever forget, especially if it affects them directly. 4 Likes 1 Share |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by kolaaderin: 5:28am On May 03, 2021 |
Nigerian Hates good news. No traffic will come to this news, i can assure that. But tell them how Nigeria is a shit hole, see them rapping the keyboard to vent their venom on the thread 5 Likes 1 Share |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Rosskiiku: 5:37am On May 03, 2021 |
Difrent: I know so many Igbos who got stupendously rich from the last PDP administration. Every last one of them is selfish to the core with their money, and don't even share it with their immediate families, talk less of their communities. You're right. Funny how the minute their party lost, they began shouting secession and marginalisation. Narcissists. 7 Likes 2 Shares |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Rosskiiku: 5:41am On May 03, 2021 |
kolaaderin: You know this forum well. It won't even reach front page, because the mods themselves don't like to see good news about Nigeria. Sad really. The people have cursed themselves to failure, so they only welcome the fruits of their curse. 3 Likes 1 Share |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Nobody: 5:48am On May 03, 2021 |
Difrent:This excuse is wack ... marginalization of Igbos is systematic ...not political Explain how Igbos arguably nigerians most educated tribe have the least aig and Commissioners of police ? Have the lowest military generals Have the lowest perm secs Explain how since 1960 south east is the only region without government built power plants Explain why south east zone even tho small have the least capital investment PDP is not perfect but no section of the country was made to feel like they don't belong like APC did So you wanted Igbos to support a failure like buhari just for political gain ? Never Buhari and his supporters just made Igbos confirm we are not meant to be one ...if a buhari can do this and get away ...who knows what the next president can do 3 Likes |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Rosskiiku: 5:50am On May 03, 2021 |
Rosskiiku: Remember, Africa has 54 countries. CNN listed the 9 biggest and most important infrastructure projects going on in Africa today. 3 of them are in Nigeria. The other 53 African countries are sharing the remaining 6. And some people have the impudence, The insolence, The audacity, The effrontery, The temerity, to dare call Nigeria a ''failed state''? Calling for the nation to be split up? Balkanised into inconsequential little Sierra Leones, Gambias, Togos, Malawis, and South Sudans. From a rampaging elephant to a puny mosquito. Are you crazy? Are you out of your mind? How dare you? If YOU can't handle Nigeria, GET OUT. Nigeria, the Giant of Africa, is here forever. 7 Likes 3 Shares |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Difrent: 6:00am On May 03, 2021 |
Igbochief001: Your choice , it's a democracy you have the right of choice but don't you dare insult or intimidate me for exercising my right of choice. You can't vote buhari but your are blackmailing his government to make you relevant , does that make sense ? If your want political power like presidency its only Logical to ask the party you have been slaving for . All the questions you asked above , HOW MANY DID YOU ASK IN PDP 16 YEARS IN POWER? Why didn't you ask the PDP government that brought the NIPP and the power sector road map why no single new power plant was built in the east since 1960 or just like everything else Ibos just realised this when Buhari became president ..,.....you people and your thieving leaders were so engrossed in looting the nation dry that you couldn't ask those critical questions for 16 years you were in power, you see why nobody takes you people serious 7 Likes 1 Share |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Difrent: 6:01am On May 03, 2021 |
Rosskiiku: LOUDER Children of hate can go and die 3 Likes 1 Share |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Nobody: 6:10am On May 03, 2021 |
Difrent:Igbos have always shouted we are marginalized ....since 1999 creating extra state for south east has been on Can u name one region PDP marginalized ? Just one We Igbos have decided Nigeria can't work ...it's holding us back we want to be on our own ...is that too hard to ask ? We don't want to lord over anyone ...we just want to be on our own simple 2 Likes |
Re: Nigeria Now Africa's Infrastructure Capital - CNN Study Shows by Rosskiiku: 6:14am On May 03, 2021 |
Igbochief001: Ever heard of the 1074 megawatt Alaoji Power Station in Abia state? Or the 140 megawatt Aba Power Station? Or the 338 megawatt Egbema Power Station in Imo State? 3 Likes 1 Share |
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