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Nairaland Forum / Nairaland / General / Politics / Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO (30589 Views)
Lekki Deep Seaport Receives $221m Equity Funding From China Harbour / Lekki Port Receives $221 Million China Harbour’s Equity Infusion / Calabar Seaport Receives 1st Container Vessel In 13 Years (2) (3) (4)
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Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by FLOW101: 9:28am On Apr 03, 2020 |
Use it to buy bags of beniseed or egusi. Lonelyhrt1: |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by johntolu: 9:30am On Apr 03, 2020 |
9jaRealist: Bros, U reasoning capacity pass Nairaland level. You can be sure of my vote once you make up your mind to contest for 'Aso Rock' seat. 1 Like |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by 9jaRealist: 9:39am On Apr 03, 2020 |
bigpicture001: It’s a PRIVATE sector-led project... It was initially just a Lagos and Eurochem (Singapore) JV, but then the federal government butted in because under Nigeria’s peculiar brand of ‘federalism’, all port development are controlled by the Nigerian Ports Authority. This delayed the project for several years until the issues were sorted (after APC got into power at the federal level), with the NPA taking a small equity stake (5%). The Singaporeans have now been replaced by the Tolaram Group (Indians) and the Chinese, and the project has also now been retooled into a BOOT (Build, Own, Operate and Transfer) project, under which ownership will be transferred to the NPA after 45 years, during which period the International Consortium (made up of Tolaram and the China Harbour) will operate the port. > |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by bigpicture001: 9:43am On Apr 03, 2020 |
9jaRealist: You now see it that APC wants to disintegrate Nigeria..? After oil,Nigeria's next biggest earner is revenue from the Lagos port... Now if much vessels are divested from FG's port in lag to a private port....what happens to naija's national revenue...? Tinubu want to cripple Nigeria...with his manipulation of politics to bend laws to give him economic advantage.... We are not ready for this so called " development" Nigeria is finished! |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by bigpicture001: 9:45am On Apr 03, 2020 |
ProtectMyMoney: APC will eventually ruin Nigeria... |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by Nobody: 9:46am On Apr 03, 2020 |
Chinese gift is the new Greek gift. FG be careful!!! 1 Like |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by 9jaRealist: 9:49am On Apr 03, 2020 |
StrikeBack: Nigeria needs to invest at least $3 trillion over the next 10 years to bridge its widening infrastructure gap (the figures are according to different reports from the IMF and McKinsey). We will never have that sort of money (about $30 billion yearly) to invest in infrastructure, so we need to attract lots of foreign capital (and equity capital such as this one is always better than debt capital). Nigeria’s kids will have a much better future and much brighter prospects and opportunities in a country with excellent functional infrastructure. > |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by engrchykae(m): 9:50am On Apr 03, 2020 |
9jaRealist:a French, British,or Chinese CEO is not acceptable because these are treasure seekers, colonialists |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by Elamin21(m): 9:53am On Apr 03, 2020 |
China taking over the world. |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by GuyfawkesAB(m): 9:53am On Apr 03, 2020 |
Amen. They should start with Aba. Charity begins at home Blackfire: |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by delpee(f): 9:54am On Apr 03, 2020 |
Hmmm! I fear for the future on this one..... |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by Gabson006: 9:55am On Apr 03, 2020 |
Blue3k2:What's the difference between this and that of Apapa,One port and those in Akwa ibom Pls enlighten me sir Thanks |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by 9jaRealist: 9:55am On Apr 03, 2020 |
bigpicture001: You mean instead of going to the better-run privately-run neighboring ports of Cotonou and Lomé like many are presently doing? > |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by 9jaRealist: 9:59am On Apr 03, 2020 |
Gabson006: Apapa and Onne are actually ‘river’ ports... They can not accommodate the biggest class of ships available these days. Lekki (and the proposed Warri, Ibaka and Bakassi ports) will be Nigeria’s first deep seaport(s)... It should be cheaper and more efficient because more goods can go in or out in one vessel instead of several. > |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by 9jaRealist: 10:02am On Apr 03, 2020 |
engrchykae: If you don’t want them put up the cash... simples! > |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by bigpicture001: 10:05am On Apr 03, 2020 |
9jaRealist: Brother don't go there....management is not a reason ppl divert goods to Cotonou....its cost... And even at that Cotonou port does return even half revenue naijA shiroro port generate in a year... Same thing lecturers lie to student That school welfare is the reason ASUU usually embark on stile...nd never letting them know its all abt wages |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by 9jaRealist: 10:13am On Apr 03, 2020 |
wman: veron007: careidon: It’s a BOOT (Build, Own, Operate and Transfer) project... The foreign investors bring the money, build it, operate it for 45 years, and then transfer it to NPA. For donating the land, Lagos gets a 20% while NPA gets a 5% equity... So LASG and NPA will be collecting 25% of all of the profits over those 45 years for doing jack all. > 1 Like |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by 9jaRealist: 10:17am On Apr 03, 2020 |
bigpicture001: Poor management is what leads to higher costs... And cost is not just pricing but also opportunity cost. It currently takes ships an average of about 25-30 days to secure a landing berth at the Apapa ports... And then another couple of weeks to get your cargo out of Apapa - and all that time the importer is paying demurrage. SMH > |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by 9jaRealist: 10:25am On Apr 03, 2020 |
bayusman: Equity is NOT debt... The are taking the RISK of failure... So no issue with them bringing onboard someone they trust. > |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by 9jaRealist: 10:34am On Apr 03, 2020 |
MondayOsunbor: This sort of crude racism is cringeworthy... You don’t need to go ask Tibetans, when you can ask Ibos or Rwandans what Africans can do to each other. Meanwhile, the “Europeans” you seem to idolize... Enslaved your forefathers, colonized and brutalized your land and grandparents, and threw some of their own into gas chambers. Let he without sin cast the first stone (I paraphrase ). > |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by bigpicture001: 10:44am On Apr 03, 2020 |
9jaRealist: Dumurage does not start till after 14days.... Now devalued currency like that of the Benin republic which uses the CFA franc notes helps reduce cost...u want to tell me american coys don't know managements? ..y then are stuffs still more expensive there that. China...? Curenccy advantage... That what Benin have been using against Nigeria...now if you don't know . the stat you gave on delays on Nigerian ports are old school.. Since 2012....it has drastically reduced with the Fb introduction of the inland dry ports across the country... This helps to evacuate containers to different part of the country to clear space for new incoming cargoes...pending when imoorter is ready to start his clearance... Again great measures have been out in place since then including cheaper berthing charges to land your vessel in other naija seaport... So as I said b4...cost us the reason for diverting cargoes to Benin republic nd not management.... |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by 9jaRealist: 10:51am On Apr 03, 2020 |
Ramsak1: BLESS YOU! Great minds and all that... > |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by 9jaRealist: 11:00am On Apr 03, 2020 |
bigpicture001: Here are links to some recent news reports (Dec 2019, Jan 2020, Feb 2020)... https://guardian.ng/news/congestion-traps-26-vessels-in-lagos-ports-shippers-lament-delays/ https://www.seatrade-maritime.com/ports-logistics/container-lines-facing-delays-over-20-days-lagos-terminals https://businessday.ng/maritime/article/congestion-heightens-in-lagos-ports-as-vessel-waiting-time-hits-25-days/ > |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by mixzstar: 11:04am On Apr 03, 2020 |
Chinese buying harbors here. Equity fund ke |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by 9jaRealist: 11:07am On Apr 03, 2020 |
bigpicture001: Btw, are you really comparing Nigerian PUBLIC sector management with American PRIVATE sector management? Bros, the primary reason Chinese goods are cheaper is that labor costs are much cheaper in China... A highly-skilled Chinese worker (even some graduates) earns LESS than a US high school dropout with a union job. > |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by whytediamond(m): 11:59am On Apr 03, 2020 |
MotiveU: Why not contact me? At least you can see my WhatsApp number on my signature. |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by DeLaRue: 12:08pm On Apr 03, 2020 |
AmTruth: Smh furiously. Chinese now fully own and control a major port in Nigeria, and can continue to do so for hundreds of years to come. With the way the Chinese are, trust me, within that port vicinity, Nigerians will be treated like foreigners. Very bad. |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by bigpicture001: 12:10pm On Apr 03, 2020 |
9jaRealist: I read ur links nd laughed...nd I as you this...does normal way of life make headline...? Answer is NO. It made headline of 20days delay,cuz it was not normal at the time... And stakeholders said its cuz of trafficking girdlock on Apapa road ( a route for Evacuation) is the cause.... You are very determined to prove your point by ascribing every thing evil to management so its looks like management is the problem.... The lekki port if operational ,will d truth drivers fly in the sky..? Or you think they have flying container...its still in lagos |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by 9jaRealist: 12:11pm On Apr 03, 2020 |
veron007: It’s not “our” priority... It’s a PRIVATE sector driven project, and thus the investors’ priority. PRIVATE investors vote with their wallet and their feet... Since the FG isn’t financing this, it should have the funds to dredge ‘federal character’ ports. > |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by 9jaRealist: 12:14pm On Apr 03, 2020 |
bigpicture001: You said these things stopped happening since 2012... Faced with stark evidence it is still happening, you resort to proverbs. LOL! > |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by bigpicture001: 12:15pm On Apr 03, 2020 |
9jaRealist: And we have not noticed the mass migration of very skilled Chinese workers to Japan nd the US...? Yes they are not paid half wat they pay in the US nd Europe ,but they live in China where cost of living is relatively far cheaper than US nd Europe... A Nigerian earning 450k here is same as Nigeria. Living in the US nd earning a monthly sum of 1.3million...the only difference is standard of living But in the case of the Chinese, standard of living is same thing with American...so it doesn't matter |
Re: Lekki Deep Seaport Receives $221 Million China Harbour Equity Fund, Gets New CEO by bigpicture001: 12:18pm On Apr 03, 2020 |
9jaRealist: The death rate nd unemployment rate in the US is very low in the US...( that is a norm) Is it still same fact momentarily...? Does it mean the US no longer have good hospitals or doctors or maybe all their factories nd workplaces stoked being competitive..? Answer this so that you can b sensible enough to understand me |
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