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Old June 2nd, 2010, 08:56 AM   #421
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Imo to Build Ten New Estates

Uche Nwosu

30 May 2010

Owerri — Imo State Government has concluded plans to construct 10 estates in various parts of the state to ease the housing problems of the people. These estates, the governments explained, will be built in areas where they would add economic value to the people and enhance development.

The State Governor, Chief Ikedi Ohakim, who disclosed this Monday during inspection of projects built by his government since the past one year, explained that contractors for the project would soon start work to ensure early completion.

Ohakim, who personally took journalists round the projects, which run into billions of naira, said his strategy was to develop the state simultaneously.

"No part of the state will be left untouched under our strategic plan to develop Imo State fast and make it a one city state," he said.

Besides, he disclosed that all the regional water schemes in the state abandoned by successive administrations had been rehabilitated and some of them commissioned.

They include the Egbeada, Atta Njaba, Orji, Umuaka, Okigwe, Orlu water schemes.

Some of the water schemes visited during the inspection last Monday were built as far back as 1932.

The governor disclosed that he decided to rehabilitate them because some communities in the state have no sources of water supply except rain water.

On electricity, the Imo State Chief Executive disclosed that the state would soon have an uninterrupted electricity supply as the state-sponsored Independent Power Project would commence operation soon.

"Our multi-billion power plant would soon take-off; that will bring to an end the epileptic power supply in the state and even to our neighbouring state," he assured.

He disclosed that his administration has built more roads in the state than all the administrations since 1976 put together, adding that most of the roads have longer lifespan that those built by his predecessors.
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Old June 2nd, 2010, 09:26 AM   #422
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World Bank to Provide U.S.$200 Million for Renewable Energy Project

Oscarline Onwuemenyi

1 June 2010

The World Bank has said it is committing over $200 million towards the implementation of renewable energy projects in Nigeria towards enhancing access and rural electrification as part of its commitment to the nation's power sector.

The Bank's Country Director, Mr. Onno Ruhl, who disclosed this at a Rural Electrification and Renewable Energy workshop organized by the Ministry of Power and the World Bank, in Abuja, noted that all problems in the Nigerian electricity sector can not be solved by conventional sources or grid extensions.

According to him, the World Bank is committed to engaging the Nigerian governments at both Federal and state levels towards finding ways to bring electricity to "the many Nigerians who cannot be talking about having no light because they don't even have connections to their homes."

"We want to initiate technologies that would bring faster solutions; it would involve a menu of solutions for Nigeria's power problem, because one of the problems that we have in Nigeria is that so much depends on this option of generating electricity exclusively from gas-powered thermal plants and hydro-generated power," he stated.

Ruhl insisted that "The most important paradigm for accelerating growth, and reducing poverty and providing better health care and better livelihoods for Nigerians is to make sure that a lot more people have access to power."

He added that, "The World Bank is very happy to be making this significant contribution to this effort by participating in the debate and providing the needed financing.

"The most important thing to note, for us, is that the problem is so big and the opportunity is also big because many of the technologies we would be seeing have proven to be less encumbered by the challenges we have seen in traditional power generating and distribution technologies."

Ruhl noted that Nigeria's Vision 2020 calls for a rapid industrialization of the country, "not just in Lagos or Abuja or Kano or Onitsha, but in many rural areas where people can contribute to growth through various activities, especially through agriculture and agri-business."

He added that providing electricity in other ways than the grid system, would allow Nigeria to test modern green technologies that would help the country to develop a climate-friendly power system in the face of climate change problems across the globe.

"Many of the technologies for rural electrification such as hydro, wind and solar are much climate-friendly than the traditional systems of generating power."

He said the Bank was working with the Federal government and a number of the state governments to analyse prevalent conditions in the different parts of the country, with regards to different geographic and climatic conditions in the country for the successful execution of the project.

Speaking in a keynote address at the wokshop, the Minster of State for Power, Arc. Nuhu Somo Wya noted that the Federal Government was ensuring an enabling environment for integration of renewable energy based power supply and energy efficiency by removing barriers to investment and market development through a combination of robust national policies and action plans and appropriate regulatory framework in support of sustainable power development in Nigeria.

"Nigeria is facing challenges of imbalance between electricity supply and demand with attendant low access of about 40 percent in rural areas. The truth is that electricity needs cannot be met almost exclusively by fossil fuel, which currently dominates the country's energy mix, nor indiscriminate grid extension," Wya explained.

He said the common denominator of most policy proposals to pursue a sustainable energy path is an aggressive integration of renewable energy based power supply and a comprehensive energy efficiency and conservation plans.

"Nigeria is endowed with abundant energy resources at different locations within the country, which can be harnessed to generate electricity that will enhance security of supply and increase rural access to electricity services.

"It is now more evident than ever, that Nigeria needs to harness all available energy resources for electricity generation in order to improve its socio-economic performance and to achieve the aspiration of being in the league of the top 20 economies in the world by the year 2020," Wya stated.

He explained that the rural access to Renewable Energy Project is one of a series of projects being undertaken by the World Bank, which is aimed at creating a tremendous impact on the development of the nation's power sector.

Wya further noted that the Federal government was equally focused on building an institutional framework that would encourage and strengthen state governments' participation in renewable energy and rural electrification projects.
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Old June 4th, 2010, 10:59 PM   #423
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Vision 20 - 2020 - Nigeria Needs N79.56 Trillion ($520 Billion) to Fix Infrastructure in 10 Years - Expert

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The Federal Government was on Tuesday enjoined to pay more attention to fixing the nation's decayed infrastructure, so as to meet the visions encapsulated in the vision 20:2020.

The vision also known as the Financial Sector Strategy states steps the country must take in the coming years to be among the 20 biggest economies in the world by 2020.

Joining his voice to those of experts that have in the past called for government to pay attention to infrastructure, economy and financial analyst Dr. Biodun Adedipe, Principal Partner, Biodun Adedipe & Company, said on Tuesday that Nigeria requires about $520 billion (about N79.56 trillion) to fix critical infrastructure over the next 10 years.

Unless this is done, in the words of Adedipe, who was speaking at a one-day workshop, with the theme: "Reporting the stock market for investment decision," organised by the Nigerian Stock Exchange (NSE), in collaboration with the Central Securities Clearing System, "the vision will be a mirage," unless there is an appropriate plan to address the infrastructure gaps.

Speaking on "capital market as a subset of the economy," he urged that the infrastructural demands of the economy must be complimented with a holistic overhaul of the nation's financial system. This, he continued, will reflect in regulatory approach, intervention in the economy, while safeguarding depositors and investors' assets.

One way of funding the deficit, he believes, is for the various stakeholders to democratise Nigeria's credit market by ensuring that credit is available, accessible, and affordable. This, he said, is because the credit market remains key to attaining the 2020 economic goal.

While calling on visible and physical commitments from government on its projections, Adedipe lauded the vision 2020 document, bemoaning the poor articulation and uncoordinated planning in sustain and meeting the policy objectives.

He, however, noted that Vision 20:2020 is not just about the Nigerian economy and government, but its various economic agents, and constituents, who should ensure that their products and services are globally competitive.

Prof Charles Okeahalam, a director in BGL Plc, had at the 14th Nigerian Economic Summit, in 2008 stressed that the nation must invest heavily on key infrastructure "if the Nigerian economy must grow."

For Nigeria to be in the league of the leading economies by 2020, he said there is need to tackle infrastructure challenges squarely with both the public and private sectors playing critical role.

Declaring the workshop open, earlier, Director-General of the NSE, Prof. Ndi Okereke-Onyiuke said this year's edition of the workshop is special, and is meant to enhance the understanding of finance journalists on contemporary national and global economic issues.

Represented by Dr Onyewuchi Asinobi, Managing Director of the Central Securities clearing System, Okereke-Onyiuke said one of the challenges of the market today is the turnover of financial correspondents today, which makes regular training imperative.

The Nigerian stock market continues to sustain the recovery tempo, hence also, the need to ensure that timely and adequate information is provided to enable them make investment decisions.
http://allafrica.com/stories/201006020486.html
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Old June 4th, 2010, 11:07 PM   #424
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i'm guessing the majority of that N79.56 Trillion will go toward the building of power plants.
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Old June 7th, 2010, 01:52 PM   #425
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Dangote cement targets 20mt next year
By Toba Agboola Published Yesterday Business Unrated

The dream of making Nigeria a cement exporting nation by year 2013 receive a boost recently as Dangote Cement announced the plan by the company to produce 20 million metric tonnes of cement per annum , by the first quarter of next year. This announcement was made as the Dangote’s Ibese cement factory is set to begins production by March 26, 2011.

According to the company’s projection, the first line of the six million metric tonnes capacity production plant will begin production on February 26, 2011,while the second line is billed to take off exactly one month later. By the calculation, the total production output of Dangote Cement in the Nigerian market to 20 million metric tonnes per annum by the first quarter of next year. That is, Obajana cement- 10MT, Ibesha cement-6 MT and Benue cement-4MT.

Local operators, data showed, were only able to supply about 6.5 million tonnes of the installed capacity of 9 million metric tonnes into the Nigerian market while total national demand was estimated at between 18 and 20 million tonnes per year. Briefing journalists during a facility tour recently, the Project Director, Dr. Ved Prakash Sarkari, explained that the entire project worth $680 million (about N102.68 billion) and mainly handled by Sinoma International Engineering Company, a Chinese firm, which would be handed over in May and June next year (both production lines).

A breakdown of the figure shows that while the infrastructure, equipment and construction is billed to cost $400 million, the remaining $280 million is being invested in a 105-mega watts power plant, which would run on biofuels (natural gas and coal). The power plant is to be completed in February next year. The 22km long gas pipeline will be completed by December this year, just as the plant is to be linked to the National Grid three months earlier.

The factory, occupying 2,000 hectares of land for mining of limestone with an estimated 90 years life span, is billed to produce 7,200 tonnes of cement per day, thereby helping to reduce import dependence.

The factory is billed to have 300,000 metric tonnes storage capacity, six cement silos, roto packers that can pack 2,400 (50kg) bags per hour, and about 18 trucks at a time. Sarkari noted that the factory site has limestone deposit capacity of about 240 million metric tonnes is being constructed to ensure environmentally friendly operations.

Explaining further, the Project Director said the plant is expected to achieve low fuel consumption, while dust emission control is taken very seriously. A total of 30mg/Nm3 maximum is the target, he said, representing just 10 per cent of the Federal Government’s 300mg/Nm3 benchmark for dust emission.

The Ibese factory capacity, according to Bolu Aladeniyi of the Project management department, is also expected to add to the current production levels of the other cement production facilities in the Dangote Group. Other cement produced in the group are Benue Cement Company, which is billed to raise production capacity from the present 2.8 million metric tonnes per annum (or about 7,000 metric tonnes per day), to 3.0 million metric tons per year; and Obajana Cement, six million metric tonnes, which plans a third line of 2.2 million metric tonnes line.
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Old June 7th, 2010, 08:39 PM   #426
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Jonathan Orders Power Sector Reforms Fast- Tracked

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Ministry of Power yesterday said President Goodluck Jonathan, has directed it to commence full implementation of the Power sector Reform Act in order to create room for private sector participation and efficient service delivery to Nigerians.

The president's charge came just as the average national power generation by the Power Holding Company of Nigeria (PHCN) hovered at 3,760 megawatts (Mw) with an off-peak of 3,250mw as at last Friday..

THISDAY checks gathered that Shell Afam is yet to come up fully, contributing 345mw against expected 650mw. Some units in Kainji and Shiroro hydro power stations are down thereby drawing down on available generation capacity.

Minister of State for Power, Nuhu Somo Wya in a statement signed by his Special Assistant on Media, Mr. Yakubu Lawal yesterday, said the President has given the ministry a fresh mandate to fast-track the reform process and break all barriers that would prevent private sector players coming to invest in the sector.

The statement quoted the minister as having said at the weekend while receiving a group of foreign investors from the United Arab Emirates (UAE), who made presentation on their planned participation in the sector, said the mandate is to the effect that the Electric Power Sector Reform (EPSR) Act of 2005 be fully implemented. "President has given mandate to commence the reform process and break all barriers that would prevent private sector players coming to invest in the sector".

"I have clear mandate of Mr. President to break all bottlenecks to private investor's participation in the power sector .We are ready to encourage you and we will create the enabling environment for you to actively invest in the sector. Our doors are open to all genuine investors "he said.

Wya explained that that based on the President's directives, the Ministry will be commencing full reform of the sector in order to encourage the inflow of the much needed investment for the sector.

The partial implementation of this Act before now had led to the establishment of Nigerian Electricity Regulatory Commission (NERC) and unbundling of Power Holding Company of Nigeria(PHCN) into 18 successor companies as follows,Generation-6,Transmission-1 and Distribution-11 respectively

According to Wya, it has become obvious that government alone cannot provide the required investment that would drive the sector for the benefit of all Nigerians, adding that government is open to anybody who has the resources and ready to invest in the sector to come on board.

Wya explained that though most of the power stations in the country are thermal or gas fired based, Nigeria still needs more thermal or gas powered plants adding that investors could easily diversify into other alternative power generation opportunities that exist in the country.

The minister directed the officials of the visiting firm-Energy Trading Group FZC of UAE to meet with the relevant agencies within the Power sector for proper guidelines for investing in the sector urging them to also look at the model on Power Purchase Agreement(PPA) developed by NERC with a view to help them design a sound business plan that will conform with the practice in Nigeria.

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He also asked them to meet with NERC officials with a view to obtaining the guidelines for licensing companies that want to operate or do business in the sector noting that relevant committees within the Ministry of Power directly concern with issues on Independent Power Projects (IPP) would also be able to help them fast tract their investment plans in line with the existing guidelines.

The Director of Business Development of ETG, Mr.Mike McCafferty, in his Presentation, said ETG Power is seeking to establish an Independent Power Project with a frame 9 Power plant in simple cycle operation as phase 1 of the project to be delivered within 12 months to commercial operations.

He explained that that phase 2 of the project will incorporate combine cycle operation and that the commissioning of phase II can be delivered within twelve months after commercial operation of phase I, which he said could give 230Megawatts(MW) of electricity to Nigerians.

He said the company has over 33 years of working experience in both Power as well as oil and gas industry across major continent of the world.
http://allafrica.com/stories/201006070743.html
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Old June 9th, 2010, 04:49 AM   #427
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First aluminium manufacturing plant opens in Lagos


The first aluminium can manufacturing facility in West Africa has opened in Agbara near Lagos, and has commenced production of aluminium cans. The plant is owned and operated by GZ Industries Ltd (“GZI”).
The plant was built with state-of-the art technology provided by several international can equipment manufacturing companies from all over the world with Rexam PLC (a publicly traded company on the London Stock Exchange) as technical partner and lead provider of equipment and processes technology. Located at Agbara Industrial Estate, the facility has over 150,000 ft2 of floor space and is capable of producing 600 million cans per year.

With most of their production already committed to off-takers, GZI is currently moving ahead to immediately double this capacity to 1.2 billion cans per year, effectively exceeding 100 percent of Nigeria’s current can requirements and facilitating export to the neighbouring countries.

“This expansion is expected to be completed by the second quarter of next year. The facility will then also be able to manufacture long, slim cans (currently used primarily for energy drinks) along with the 33cl and the 50cl beverage cans that it now produces”, a statement from GZI said.
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Old June 9th, 2010, 08:12 AM   #428
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Originally Posted by GAR3TH View Post
i'm guessing the majority of that N79.56 Trillion will go toward the building of power plants.
I don't think any nation would subscribe to that. That majority, you said, can provide electricity for the whole region.
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Old June 9th, 2010, 02:12 PM   #429
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First aluminium manufacturing plant opens in Lagos


The first aluminium can manufacturing facility in West Africa has opened in Agbara near Lagos, and has commenced production of aluminium cans. The plant is owned and operated by GZ Industries Ltd (“GZI”).
The plant was built with state-of-the art technology provided by several international can equipment manufacturing companies from all over the world with Rexam PLC (a publicly traded company on the London Stock Exchange) as technical partner and lead provider of equipment and processes technology. Located at Agbara Industrial Estate, the facility has over 150,000 ft2 of floor space and is capable of producing 600 million cans per year.

With most of their production already committed to off-takers, GZI is currently moving ahead to immediately double this capacity to 1.2 billion cans per year, effectively exceeding 100 percent of Nigeria’s current can requirements and facilitating export to the neighbouring countries.

“This expansion is expected to be completed by the second quarter of next year. The facility will then also be able to manufacture long, slim cans (currently used primarily for energy drinks) along with the 33cl and the 50cl beverage cans that it now produces”, a statement from GZI said.
http://www.priny.com/docs/PRI%20-%20...ty_article.pdf
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Old June 10th, 2010, 11:03 PM   #430
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Main One to launch on 1 July

THURSDAY, 10 JUNE 2010 00:00 NIGERIAN COMPASS

Main One Cable Company has announced it will launch its high capacity fibre-optic cable system on 1 July in Ghana and Nigeria. Last month the firm completed the first phase of installation from Accra in Ghana to Lagos, Nigeria, and has begun testing network equipment.

According to Main One’s CEO, Funke Opeke, Phase 1 of the system spans 6,800km from Seixal in Portugal through the West African coast to Ghana and Nigeria and will deliver 1.93Tbps of much-needed international capacity into West Africa where rapid growth in telecoms has been blighted by limited global connectivity.

In Portugal, it will interconnect to cable systems serving other markets in Europe, the Americas and Asia. Phase 2 of the project will see extension of the cable to South Africa.

In addition to SubCom, which is providing terminal equipment and related services, Main One recently signed a deal with Huawei Nigeria to provide it with its Intelligence Optical Switching System (OptiX OSN 9500) to serve as the backbone platform to provide high transmission bandwidths in the region.

http://www.compassnewspaper.com/NG/i...ech&Itemid=709
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Old June 11th, 2010, 01:44 PM   #431
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Bayelsa to Build 2,000 Houses

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10 June 2010

The Bayelsa Government says it has approved the construction of 2,000 low cost housing units to tackle shortage of ccommodation.The Commissioner of Information, Nathan Egba, disclosed this in a statement in Yenagoa.

Egba said that another 80 units would be built for public officers and appointees.The commissioner explained that the decision was taken at its State Executive Council meeting presided over by Gov. Timipre Sylva.

Egba stated that the decision followed the sale of houses at the Commissioners' Quarters in Opolo to top government officials.

He said the new housing projects would be built on a public-private partnership, adding that details had been worked out by the Ministries of Finance and Budget, and Housing and Urban Development.

Egba stated that the present administration was committed to the provision of affordable accommodation to the people as an integral programme of Chief Timipre Sylva-led government.

The commissioner further said Gov. Sylva, at the meeting, solicited for support for President Goodluck Jonathan.

"The governor also expressed confidence at the president's ability to deliver democracy dividends to the nation," he added. (NAN)
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Old June 13th, 2010, 05:25 AM   #432
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Enugu Plans Mono-rail Transport

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To FASTTRACK the reduction of carbon emissions and pollution of the environment, Enugu State government proposes to introduce mono-rail as a major means of intra-city transportation.

Commissioner for Enugu Capital Territory, Mr. John Egbo, made the disclosure at the weekend while delivering a paper titled, “Urban Renewal: The Enugu Experience”, at the public lecture organised by Centre for Environmental Management and Control (CEMAC) to commemorate the 2010 World Environment Day Celebration.

Egbo, who delivered the lecture at the University of Nigeria Enugu Campus (UNEC) main hall, stated that the centenary celebration of the state government helped to take serious look at the environment, adding that the government was open for private partnership in urban renewal.

The commissioner, who was Deputy Sheriff of Los Angeles County, said that urban facelift witnessed in Enugu is traceable to the determination of Governor Sullivan Chime to make a difference in governance.

According to him, within the brief period it has been in office, the Sullivan Chime administration has adverted its policy thrust towards the reality of the climate change and global warming, noting that the idea of widening the roundabouts was to create more environmental awareness, beautification and cleanliness.

While recalling how colonialists were major stakeholders in planning Enugu city, Egbo disclosed that more modern monuments are in the offing to make Enugu what it ought to be.

He said: “Regrettably on the exit of the white men, ornaments, green verges and open spaces disappeared gradually as a phased programme of neglect and dilapidation set in.

“It therefore took 100 years for a Sullivan to mount the saddle and like the prophets of Biblical times, inquired after the ancient landmarks. Consequently the Eastern Nigeria Town clock was rehabilitated alongside the historical tusk monument to raise the ambience of the city.”

The commissioner explained that greater aeration of the environment helps to reduce the toxic effect of carbon emissions in the city, pointing out that pedestrian walkways interspersed with trash bins were provided on street roads to ensure a cleaner environment.

“The State government will introduce monorail as a major means of intra-city transportation. Public transportation has been enhanced with brand new taxi cabs while bus shelters add to the beauty of present Enugu. Modern waste collection trucks as well as dumpsters are deployed on major intersections within the city. The message of urban renewal in Enugu State is made clear and that is that we need spaces to enhance cleanliness of air and environmental sanitation. The challenge of declining atmospheric condition posed by the evolving climate change should be confronted on all fronts and all hands should be on the deck to provide desired results,” Egbo stated.

He also disclosed that the State Government has plans towards the modification of building codes to ensure compliance with international best practices, development of more public parks as the city expands with additional golf courses, adding that already a 21-hole golf course has been planned for the centenary city near Amechi town.

He said that there would be a legislation outlawing logging without authorization from the Ministry of Environment and the Enugu Capital Territory, noting that the State Government hopes to start a state wide campaign for every compound to plant a tree in its vicinity.

Egbo stated that an international model waste management system that incorporates waste collection, processing, recycling and power generation would soon be in place to become part of the enduring state industries for the present and the future to manage our environment.

Earlier in his opening address, Chairman of CEMAC, Professor Sylva Anika, stated that the day was set aside to commemorate and remember the world environment saying that since governments, industrialized and non-industrialized nations have come to the realization that environmental hazards respects no border, it has become imperative to make Nigerians aware of what is happening and seek collective action to save the environment.

“While the industrialized nations generate 80 percent of the hazardous waste causing global warming, we generate 20 percent and suffer 80 percent of the effects of climate change through urbanization. We need to cut the rate of mass surge to the urban areas, reduce the eating of ruminants which produce dung that cause carbon emissions. So we need to come together and devise strategies because there are things we can do on our own to secure the environment,” Anika stated.
http://www.independentngonline.com/D....aspx?id=15067
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Old June 13th, 2010, 05:32 AM   #433
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the title and the article are off...it should have been titled Enugu plans environmental and urban renewal. but i guess the one or two sentences that mentioned the monorail stole the show.
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Old June 13th, 2010, 05:37 AM   #434
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Not until I see it moving before I can beleive such news story.The new governor intentionally halted the monorail meant for Calabar forgetting how much benefit it could have brought to that city.Most Nigeria leaders lack foresight,I beleive!
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Old June 13th, 2010, 06:53 PM   #435
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Mega city: Lagos plans N121.5bn Iba expansion scheme

Finance - Jun 7, 2010

Yinka Kolawole

In furtherance of its mega city development strategy the Lagos State government is set to undertake a Public Private Participation (PPP) development scheme, to create a new town in Iba Local Council Development Area, under the Iba New Town Development Scheme, at an estimated cost of N121.5 billion.

The ambitious project, which is expected to be the biggest project in the West African sub-region, will see the private sector financing the project alongside the state government, and would be for residential, commercial, tourism and leisure centres, to be developed in four phases. The new town will span 567.56 hectares with an estimated power supply requirement of 75 megawatts.

“The scheme is a new city under development. Iba is one of the developing new urban areas in Lagos State with an estimated annual growth rate of 16.8 percent. The scheme comprises residential, commercial, site and service plots as well as tourism and leisure entertainment centres.

“The feasibility study for the 567.56 hectares has been done as well as the layout plan for 85 hectares for phase one. Financial plan for sand filling and dredging 85 hectares have been done while contract for sand filling has been awarded for phase one,” he stated.

The commissioner said that the Certificate of Occupancy of the scheme is to be issued in the name of the Ministry of Housing and that a Memorandum of Understanding (MOU) would soon be signed by the state government and a yet-to-be identified developer for the project.

He added that there would be an open tender for qualified contractors to bid for the project, adding that selection would be based on strict adherence to the project requirements provided in the tender documents.

Onabokun remarked that the scheme is designed to fully harness and utilise the reclaimed area and redirect movement towards the Lagos South West and to reduce drastically the number of inadequate houses for the people across the state.

He further disclosed that the scheme will help tackle problems associated with clustering and promote even and sustainable development across the state, and also create a new economic hub in Lagos South West and generate employment opportunities and wealth for the citizens.

The commissioner said the project will also expand the state’s revenue base, facilitate new inflow of investments and lessen the rural-urban drift through the development of the hinterland.
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Old June 14th, 2010, 03:17 AM   #436
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Chinese firm signs MoU to establish asphalt plant in Cross River
MONDAY, 14 JUNE 2010 01:12 BEN EGUZOZIE
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…to source offshore loan
Tiangsu Jialong, a Chinese engineering and construction firm, has concluded arrangement to sign a Memorandum of Understanding (MoU) with some Nigerian firms to establish a 200-metric ton quarry and asphalt plant in Cross River State.

A member of the board of the construction company, Eyo E. Nyong, a Nigerian and professor of Geology, who spoke on behalf of the chairman of the firm, said the Chinese company was collaborating with some local firms to establish a 200-metric ton granite quarry and a full-fledged asphalt plant in Cross River.
Liyel Imoke, Governor, Cross River


Cross River is arguably Nigeria’s largest producer of crushed rock from dozens of quarries in Akamkpa local government area of the state. But there is hardly any fully developed asphalt plant, the absence of which increases the cost of constructing road and other large-scale constructions in the country.

Meanwhile, the state government has introduced some initiatives to maintain the tempo of its hospitality nature, which include: introduction of a standardised tax regime; overhauling of the land tenure system to make land easily accessible and affordable for any form of development.

The state government has also assured Tiangsu Jialong and other intending investors to the state of safety and protection of their investments at all times.

Nyong informed that Tiangsu Jialong is a triple edge company, and can easily access loans back home (in China) to execute the project successfully.

He said the familiarisation tour of the board of the firm was a testimony that the partnership would stand as the firm has concluded arrangement to sign a Memorandum of Understanding (MoU) to concretise the collaboration
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Old June 14th, 2010, 03:47 AM   #437
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Not until I see it moving before I can beleive such news story.The new governor intentionally halted the monorail meant for Calabar forgetting how much benefit it could have brought to that city.Most Nigeria leaders lack foresight,I beleive!
Because of the states increasing debt profile, not because he lacks foresight, I think, once Tinapa begins to yield fruits, a project such as the monorail would almost justify its own existence.
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Old June 14th, 2010, 04:14 AM   #438
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Because of the states increasing debt profile, not because he lacks foresight, I think, once Tinapa begins to yield fruits, a project such as the monorail would almost justify its own existence.
Excellent analysis !! Bravo!!!
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Old June 18th, 2010, 07:28 PM   #439
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Lekki concessionaire company discuss Infrastructure in Nigeria
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Old June 19th, 2010, 06:18 AM   #440
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Because of the states increasing debt profile, not because he lacks foresight, I think, once Tinapa begins to yield fruits, a project such as the monorail would almost justify its own existence.
That is a good idea. But, when? You don't wait for Tinapa to kick off before going about the monorail, which in this case is complementary. It's a setback to any development that will bring benefit to the people.The monorail will quickly employ people faster than Tinapa and on the other hand ease the burden on road transportation. Sometime delaying a project that may incur more cost at the long term. I think the time for the Calabar to development its transportation system is now.
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