emmanuelewumi:
With your N500 million Networth you will probably be a tenant at Banana Island, but with a N200 million Networth in Ikorodu all eyes will be on you.

rmx:


Top 3 % in lagos should be 600k people , top 2 % in the country is 4 million

I reckon if you have a net worth of 1 to 2 billion naira , you should be among both , might even be lower , considering what net worth will put you in the top 5-10 % in the usa

Now that to me is not huge , and the original poster might be correct

Would be interesting knowing what he does sha

emmanuelewumi:



The roads he is constructing have iron rods for reinforcement, concretes and cements are used for the roads and they have a minimum life span of 20 years before they will need repairs.

Who is responsible for the construction of the railways?

If government cant construct them, why cant they handover to the private sector and the state governments, so that there will be less pressure on the roads.

The group has taken the bull by the horns, I learnt they will enjoy tax benefits for about 5 years, hopefully they will be involved in the construction of more roads ..

It is a win win for Nigerians, the government, shareholders of Dangote cement, Lafarge cement, BUA cement and Julius Berger, Flour Mills of Nigeria

emmanuelewumi:



Better to give big businesses the opportunity to use their taxes for the development of infrastructures.

The road constructed by Dangote on the Apapa Oshodi axis will have a life span of over 20 years before any maintenance on the road

odimbannamdi:


I passed that road early last month, for the first time since this year. Mehn! That road was standardly and solidly built!

6by8long:
Hi.. I have 4m saved up (intended using to buy a c300 but changed my mind. I rather invest and use my leg to walk for now )

Please how best to invest it?.

I can deal with 5 percent interest rate. I just want the capital to leave my hand For a year so I can focus on my business (please don't tell me to invest in my business. I work online and I have enough to fund it)

Please suggest

emmanuelewumi:



How many people in Lagosians have income?

How many Lagosians are economically viable.

What is the percentage of the productive population in Lagos.

I doubt if 4 million Lagosians are economically productive, the rest are children, students, unemployed youths, retirees and other dependants. Just 400,000 Lagosians pay tax


In any population the top 3 percentile is at the upper class of the population. Even in the US the percentage of the population with a Networth of $1 million is less than 5%, except if just changed.

So it is impossible to have a business in a small town in a South Western state, and you are worth N500 million or in the top 2nd percentile of the Nigerian population, and your wealth will be hidden from the people when the person is not a portfolio Investor but a business owner

ojesymsym:
Spambot don ban the guy, So u go patient be that.

kintus:


Why now

I hope he gets here soon.

But, wait how did you know he was banned??

ahiboilandgas:
once your over tax the private sector they pass the burdens to consumers or relocate out of Nigeria or bribe firs official .......Nigeria is been run by the very resilient private sector .....i travel over 2000km recently in Nigeria after 10 years of not travelling by road ....99 percent of truck accidents are caused by horrible roads ,no roads or over stress of gully roads ....

Thisnut:
bro 2000km or 200km? Because 2000km is like Nigeria to Liberia.
The farthest you can travel within Nigeria should not be more than 1500km.

emmanuelewumi:



The only option left is for them to continue taxing the private sector.

I learnt the budget of CBN is over N1 Trillion, NNPC is operating at a loss

What happened at NDDC is the normal thing in almost all the MDAs from CBN to NNPC, NPA, FAAN, FIRS, JAMB, INEC etc.

3% of the profits of oil companies are used to fund NDDC, what stops the government from allowing the oil companies to carry out projects and development in Niger Delta.

Thank God for the tax credit given to Dangote and others which enabled them to use what they would have paid as taxes to be used by them to develop critical infrastructures at Apapa axis

Thisnut:
bro 2000km or 200km? Because 2000km is like Nigeria to Liberia.
The farthest you can travel within Nigeria should not be more than 1500km.

ojesymsym:
Its possible. Lagos to Abuja alone is 725km one trip, to and fro is already 1450Km already. that is one weekend of travel.

ultron12345:


Poverty is not the cause. It is greed and pure wickedness. And this sense of entitlement Nigerians always have. That once you're doing well, it automatically becomes your responsibility to take care of them, and that they also have a right to enjoy your money.

Evans the kidnapper had accumulated millions of dollars from kidnapping yet he never stopped.
Hushpuppi was not poor yet he still continued engaging in fraud.
Our senators and politicians are not poor yet they still loot.
We've seen bank managers engage in fraud and even assist in kidnapping people.

One way to minimize this risk of kidnapping is not to showoff and keep a low profile if where you live isn't that secure. A businessman I know who lives and does business in one of the small, least important, poorest states in the south west. He can boast about being in the top 1% of earners in his state and among the top 3% in Lagos. But he still drives an old, small Toyota corolla and lives in a rented apartment with other tenants. When he wants to enjoy his money, he tells his neighbors he's going to the village. From there he flies to his mansion and cars on Lagos Island. At least, it's much safer there. When he's done, he'll wear one squeezed, tattered shirt and one dirty bag, enter uber to the airport and off he goes to his state.

If you see him at home in his state, you can't think of kidnapping him. Instead, you'll be feeling pity for him.

ahiboilandgas:
Nigeria is it currently structure is for consumptions and not developments ....774 money sharing points called local govt consumps 23 percents of all resource and they cant even built a standard's culvert....30 state will collapse without faac allocations,the fgn is been sucked dry by meanless Mdas over 602 and another conduit pipe called the National assemble....they the presidency is more of a royal kingship than governance...the presidential airfleets comprise of over 14 aircrafts larger than any private own commercial airline company operating in Nigeria ....each governor has over 30 cars in his convoy that collective over 1000 cars on the move by 36 governor overseening non bankable projects called states ...add dep gov ,speaks chairman minister senator ......

ultron12345:
Take a look at this topic that made front page few days.

https://www.nairaland.com/6021726/juju-scare-should-quit-job

Like what we were discussing the other time.

Salary: 35K per month
Daily Allowance: 2K daily (40k- 48k per month)
Yet, he's stealing 50-60K weekly (200-240k per month) from his employer, and he said he's not the only one. Imagine they are up to 4 or 5 engaged in this act. The business is loosing N1M to theft monthly.

And the owner will be thinking buhari or village people are the reason her business isn't doing well, not knowing its the witches and wizards that she employed.

Nigerians are wicked. If this business fails now, you'll see the theives shouting "No job, No job". When they've killed all the businesses that were supposed to create jobs.

Another surprising thing is that such theft has even been normalized in the society. He said it so proudly, without a single iota of shame, and apart from one or two people, the majority of those commenting didn't even say anything about the theft. They're telling him to pray, and even him after stealing is still claiming to be a Christian. Another irony is how Nigerians can be so religious yet so wicked, evil and fraudulent.

Nigerians are the problem of Nigeria.
The reason most Nigerians haven't stolen billions of government money is simply lack of opportunity.
The population of Nigerians waiting to steal is greater than the population of those currently stealing.
The only reason Nigerians are angry at corruption by politicians, is because they're not the one benefiting from it.

It shall never be well with that OP. Hopefully, that his leg injury will turn into cancer and kill him. Bastard.

Thisnut:
bro 2000km or 200km? Because 2000km is like Nigeria to Liberia.
The farthest you can travel within Nigeria should not be more than 1500km.

emmanuelewumi:



And cheaper than what it would have cost government to construct the road.

Completion of the project was also very fast,

CsRockefeller:


Cement/Concrete road is very expensive and Dangote is doing a substandard work on the Lagos-Oronshowki expressway.

It's just the main carriage way they are fixing nothing more.

I feel it's a loss on our side.

CsRockefeller:
You are reconstructing a road, no median, no culvert, no drainage, no road sign and markings.

They aren't even the first with the technology, JB has had it for a long time but it's too expensive for the Govt to afford.

All your bridges are built with the same technology.

emmanuelewumi:



Which of the roads? Where is the location of road?

I disagree with you. Let us wait for how soon the roads will need repairs before saying it is substandard.

When you drive on a solid road that is well built you will know, I think Apapa Oshodi express road is about the best road in Lagos as we speak

ahiboilandgas:
they anit saving anything, they are expanding recurrent expenditures ....they are doing roll overs , issuing new bonds , borriowing internationally.....soon 100 percent revenue =100 percent debt service .........National oreintation agency has 7000 staffs doing notting , while von that nobody hears and frcn both have over 15000 workers milking the system with zero impact ....

CsRockefeller:


It's still the same express way especially at the Ogudu to Alapere end.

Road construction is not just building a strong or durable main carriage way, other things also help to make it last and for commuters safety.

The side median his company tru PWC or is it PW is building have all fallen.

How can you do a side median without supporting it with concrete? The drainage system still present is what JB built years ago, the fee they patch they make use of this local system by forging the iron on site and using wood to support the concrete.

It's just like the Chinese tru CCECC that think they are building sth fantastic. Go and see the rail and bridges they are constructing, so substandard. Look at Ikorodu road they handled just few years down and it's so bad.

JB still remains d best and Dangote or the Chinese should not deceive Nigerians that they are building anything solid because they aren't.

If you want to reconstruct a road and do it right from the scratch like it's being done on Lagos Ibadan express way.

What Dangote is doing is mere carriage way resurfacing just that now it's concrete and the tax relief he is getting doesn't worth the work being done.

ahiboilandgas:
i dont know how u read sha if u do 1000km going and 1000km back how many km have u covered 1000 or 2000

Saybal:
He has finish constructing obajana to kabba road within 2years concrete road with iron reinforcement travel time less than 30min but over 2hrs before.

Crazeworld:
In my opinion, this particular road doesn't look like it can last 10 years not to talk of 20.