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Old May 7th, 2017, 12:18 PM   #41
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Old May 9th, 2017, 02:58 AM   #42
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Azure Peninsula - Eko Atlantic City



Credit: Laura Boldrini‏
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Old June 15th, 2017, 04:17 AM   #43
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wow
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Old June 16th, 2017, 08:31 AM   #44
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Old June 19th, 2017, 06:06 PM   #45
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I count 29 floors for each tower thank you for the updates by the way !

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Old July 6th, 2017, 02:18 AM   #46
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Old July 6th, 2017, 03:57 AM   #47
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Old July 6th, 2017, 07:52 AM   #48
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Finally a video showing relatively recent state of construction. This is quite a large project. If the Nigerian economy wasn't in such bad shape right now, we would have more projects of this caliber under-construction in EAC
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Old July 20th, 2017, 03:55 PM   #49
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Old August 8th, 2017, 06:46 PM   #50
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Old September 17th, 2017, 07:25 PM   #51
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Old September 17th, 2017, 07:53 PM   #52
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That steel structure will rise pretty fast

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Old September 19th, 2017, 07:44 PM   #53
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Is this the first steel framed skyscraper in Lagos? I Dont think I've seen a Steel frame building at all in Lagos, only Concrete.
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Old September 20th, 2017, 01:23 AM   #54
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Chelsea Hotel (mid-rise) is steel, there are some other smaller structures that are steel.

As far as high rises go, well this may very well be the first.
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Old September 21st, 2017, 11:24 AM   #55
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I partially understand as Dangote is a major concrete company. But I hope that the steel is also locally produced. Nigeria needs to boost it's economic ecosystem.

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Old September 21st, 2017, 06:47 PM   #56
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I partially understand as Dangote is a major concrete company. But I hope that the steel is also locally produced. Nigeria needs to boost it's economic ecosystem.

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It will happen, it's just a matter of when. Whoever gets into steel at the time that it kicks off will be a Billionaire. Right now Egypt and South Africa are stronger markets, but Nigeria is a logical place for steel to expand (pun intended). We have the Iron Ore Deposits, the main issue is the logistics and energy.

but it's definitely an industry to watch. Many of the challenges that Steel importers complain about now, Cement importers complained about 15,20 years ago. Steel is a complex industry, but eventually it will come together.
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Old September 22nd, 2017, 11:33 PM   #57
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It will happen, it's just a matter of when. Whoever gets into steel at the time that it kicks off will be a Billionaire. Right now Egypt and South Africa are stronger markets, but Nigeria is a logical place for steel to expand (pun intended). We have the Iron Ore Deposits, the main issue is the logistics and energy.

but it's definitely an industry to watch. Many of the challenges that Steel importers complain about now, Cement importers complained about 15,20 years ago. Steel is a complex industry, but eventually it will come together.
Above here you said "We have Iron Ore Deposits, the main issue is the logistics and energy " but I beg to disagree. It's obvious our main problem is mismanagement and corruption if not ask yourself what happened to the Ajaokuta steel company that was the largest and most expensive single industrial complex in Africa when it the built. What about Delta Steel Company in Aladja, Warri, or the Katsina and Oshogbo steel rolling mills.
The truth is that we as a nation have gone through this part before but failed woefully and these ventures died a natural death even after they were fraudulently privatized. I believe if we can overcome mismanagement and corruption then the steel sector can stand firmly. it's not an issue of logistics as you said, but an issue of mismanagement.
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Old September 23rd, 2017, 03:42 AM   #58
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Above here you said "We have Iron Ore Deposits, the main issue is the logistics and energy " but I beg to disagree. It's obvious our main problem is mismanagement and corruption if not ask yourself what happened to the Ajaokuta steel company that was the largest and most expensive single industrial complex in Africa when it the built. What about Delta Steel Company in Aladja, Warri, or the Katsina and Oshogbo steel rolling mills.
The truth is that we as a nation have gone through this part before but failed woefully and these ventures died a natural death even after they were fraudulently privatized. I believe if we can overcome mismanagement and corruption then the steel sector can stand firmly. it's not an issue of logistics as you said, but an issue of mismanagement.
Eighteen of the 30 steel manufacturers in Nigeria are active, producing about 2.2 million tons a year using scrap and billets imported from countries such as China.

Even with the growing local production Nigeria still spends about $3.3 billion on steel imports every year.
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Old September 27th, 2017, 01:47 PM   #59
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Logistics is embedded in management. Logistics no be beans.

If you have good logistics, you also have a reasonable amount of political will. Logistics is not just infrastructure, it means maintenance, personnel (trained), it means you have implemented a supply chain, so there are no weak links in the system.

The same goes for energy. There is a reason why successful countries are successful across the board and unsuccessful countries are unsuccessful across the board. If you can do logistics and energy well, you are probably good at management.

Corruption should not simply be described as the misappropriation of wealth, it also means the lack of political will.
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Old November 30th, 2017, 02:14 AM   #60
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