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Nairaland Forum / Nairaland / General / Politics / The Top 10 Most Expensive Construction Projects In Nigeria (43587 Views)
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The Top 10 Most Expensive Construction Projects In Nigeria by kporakpo: 6:42am On Sep 02, 2022 |
The attention to public infrastructure has been on the rise in the last 10years Nigeria has pumped no less than $42 billion to address it infrastructural challenges. This is the highest amount spent on projects embarked upon in just about a decade and since the country’s existence. Approximately half of the bulk of financing came from the government through initiative such as loans, tax credit schemes, bonds etc. and the other half from private investments. These spending are also been split into different sectors with refinery, rail and roads taking the lead in the amount of money consumed so far. The goal of the video below is to critically analyze every major piece of infrastructure embarked upon between 2012 and 2022 and comprehensively distinguishing between them their cost of constructions and current status. https://www.youtube.com/watch?v=VAMiN8QvaIU 4 Likes 1 Share |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by kporakpo: 6:43am On Sep 02, 2022 |
Ajaokuta Kaduna Kano gas pipeline Cost: $2.8 billion Status: ongoing To be completed in 2023 the length of this pipeline is 614km NNPC plans to build a gas powerplant in Abuja across this pipeline for power generation. aside from stimulating industrialization in the northern part of Nigeria, the pipeline is also part of the trans - Saharan gas pipeline between Nigeria and Europe find out more about this pipeline with this video below https://www.youtube.com/watch?v=eao_1a7XSYQ 1 Like 1 Share
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Re: The Top 10 Most Expensive Construction Projects In Nigeria by kporakpo: 6:45am On Sep 02, 2022 |
2nd Niger bridge and road project Cost: N414 billion Status: ongoing To be completed in 2022 This is the most expensive project in the South eastern part of Nigeria since 1914 the bridge alone which is 1.6km cost N206 billion while the ancillary road infrastructure cost N208 Billion. 11 Likes
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Re: The Top 10 Most Expensive Construction Projects In Nigeria by kporakpo: 6:46am On Sep 02, 2022 |
NLNG train 7 Cost: $10 billion Status: ongoing completion year is unknown The aim of the project is to increase Nigeria's gas production by over 35% i.e. from 22mta to 30mta 3 Likes
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Re: The Top 10 Most Expensive Construction Projects In Nigeria by kporakpo: 6:48am On Sep 02, 2022 |
Kaduna – kano rail line cost: $ 1.2 billion Status: ongoing To be completed in 2024 it is a segment of the Lagos - kano rail line lagos - ibadan ,Abuja - kaduna sections has been completed. this is the third section that should be completed in 2024 note that this segment is funded 100% from government revenues as oppose to the last two segment which were funded by Chinese loans 4 Likes 1 Share
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Re: The Top 10 Most Expensive Construction Projects In Nigeria by kporakpo: 6:51am On Sep 02, 2022 |
Abuja kaduna kano road project cost: N779 billion Status: ongoing To be completed in 2023 Abuja - kaduna - zaria - kano expressway is the most expensive road project every constructed in Nigeria. with a price tag of N779 Billion, one would think what exactly is being built on this highway. you can found out everything about this highway construction in this video https://www.youtube.com/watch?v=PLClcjDXD0k 1 Like 1 Share
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Re: The Top 10 Most Expensive Construction Projects In Nigeria by kporakpo: 6:52am On Sep 02, 2022 |
Lagos Ibadan railway project cost: $1.56 billion Status: completed 15 Likes
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Re: The Top 10 Most Expensive Construction Projects In Nigeria by kporakpo: 6:54am On Sep 02, 2022 |
Lekki Deep Sea Port cost: $1.5 billion Status: ongoing To be completed in 2022 https://www.youtube.com/watch?v=WBQz24fgPk0 12 Likes
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Re: The Top 10 Most Expensive Construction Projects In Nigeria by kporakpo: 6:55am On Sep 02, 2022 |
Dangote refinery cost: $19 billion Status: to be completed in 2024 Dangote refinery is a game changer for Nigeria this single project can breath extra life into Nigeria's economy by cutting our overall imports by over 25% and reducing the rate at which the local currency is devalued.. the project is so massive that words dont do justice to defining it.. you can found out everything you need to know about Dangote refinery is this video https://www.youtube.com/watch?v=Ft6vaCGbhrI 12 Likes 3 Shares
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Re: The Top 10 Most Expensive Construction Projects In Nigeria by Mcreloaded(m): 7:18am On Sep 02, 2022 |
Abuja to Auchi to Benin road nko? Benin sapele road nko? Guess they are not ongoing and instead being used to steal money 87 Likes 5 Shares |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by robinso01(m): 7:27am On Sep 02, 2022 |
Dem try. My concern is the price they are doing all these projects. 31 Likes |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by babyfaceafrica: 7:33am On Sep 02, 2022 |
robinso01: Forget the price, let them complete it. Contractors will hike price, It's now a norm, make dem sha finish am and maintain it 50 Likes 2 Shares |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by Brainmytool: 7:39am On Sep 02, 2022 |
Am i the only one noticing that there is no notable project construction ongoing in the South East and South South. 219 Likes 14 Shares |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by Nobody: 7:52am On Sep 02, 2022 |
Impressive! 2 Likes |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by khadaffi(m): 7:59am On Sep 02, 2022 |
Mcreloaded: Nothing is going on in those roads. That road just dey like Dele. The residents in the Auchi side even protested recently 9 Likes |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by khadaffi(m): 8:01am On Sep 02, 2022 |
Brainmytool: Where again is the second Niger Bridge located? 109 Likes 6 Shares |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by geez18(m): 8:02am On Sep 02, 2022 |
Unequally yoked... 3 Likes 1 Share |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by Coldie(m): 8:27am On Sep 02, 2022 |
So Abuja Kaduna Kano road project is more expensive than second Niger bridge but they said they had to toll second Niger bridge cause there was no money to build it. There’s no money to build it but there’s money to build a more expensive road somewhere else 102 Likes 8 Shares |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by Abilistic(m): 8:29am On Sep 02, 2022 |
...... And 2nd Niger Bridge, the only project in South East and South South region is the only one TOLLED! JohnBullMySon: dododawa1: Sammy07: ....... So only Southern roads are tolled, while more expensive roads projects in the north are not. Let's keep enjoying one niijerria while it lasts! 112 Likes 8 Shares
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Re: The Top 10 Most Expensive Construction Projects In Nigeria by kporakpo: 8:55am On Sep 02, 2022 |
Coldie: The 2nd Niger bridge, Abuja kaduna kano and the lagos ibadan expressway will all be tolled according to the national tolling policy they are all under the PIDF which receives funding from the federal government, Abacha's loot and NSIA also source for alternative funding as well note that the bridge is not funded under a PPP initiative which usually requires a toll station to pay the money invested like the lekki ikoyi link bridge 16 Likes 1 Share |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by Babaken(m): 9:25am On Sep 02, 2022 |
Brainmytool:lower your voice before they call you IPOB. 64 Likes 1 Share |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by Coldie(m): 9:29am On Sep 02, 2022 |
Babaken:He is not really saying the truth. At least I am aware that they have finished Warri ajokuta railway and it’s currently in use, with the government intending to extend the tracks to Abuja. Ph adamawa rail way was being rehabilitated but since Amaechi stopped being transport minister I haven’t heard anything about it 24 Likes 2 Shares |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by Harryj12: 9:33am On Sep 02, 2022 |
khadaffi:they mostly have legal issues on those roads, you know the road encroached on people's land 3 Likes |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by Mystic216: 9:34am On Sep 02, 2022 |
No reasonable project the whole of south east and south south since how many years of this government, but you will expect them not to shout marginalization, the only bridge that is taking ages to finish is being TOLLED already I swear this government is evil!!! How is APC going to campaign in south east and south south south 48 Likes 5 Shares |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by Mcreloaded(m): 9:53am On Sep 02, 2022 |
khadaffi:Imagine a road that links the north to the south and a major road at that us not among top 10. In other words it's not in this year's plan or next year. Wahalah dey sha 3 Likes |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by saintkeppy(m): 10:10am On Sep 02, 2022 |
Brainmytool:. OP is listing Top 10 expensive projects in the country, that doesn't mean there's no construction going on in South-East &South-South region. NLNG Train7 & 2nd Niger bridge is in what region?? 27 Likes 3 Shares |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by FreeStuffsNG: 10:14am On Sep 02, 2022 |
Nice!! How about some of these airport and seaport projects? 177 Likes |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by JohnBullMySon: 10:34am On Sep 02, 2022 |
Brainmytool:NLNG train 7 is located at bonny Rivers. Ain't that South South? 24 Likes 3 Shares |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by JohnBullMySon: 10:37am On Sep 02, 2022 |
Abilistic:Lagos Ibadan expressway will be tolled. 5 Likes 1 Share |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by DropsMic(m): 10:45am On Sep 02, 2022 |
Hm. |
Re: The Top 10 Most Expensive Construction Projects In Nigeria by MyVILLAGEpeople(m): 10:45am On Sep 02, 2022 |
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