http://www.bloomberg.com/news/2010-...e-45-amid-construction-boom-stanbic-says.htmlDemand for cement in Nigeria, sub- Saharan Africa’s second-biggest economy and the continent’s most populous nation, is expected to rise 45 percent in 2010, Stanbic IBTC Bank Plc said.
Output of the building material may increase 63 percent this year, while demand will surge to as much as 47.9 million metric tons a year by 2014, Lagos-based analysts including Tomi Ajai, Bunmi Njugo and Esili Eigbe wrote in an e-mailed report dated Oct. 27.
“Nigeria is one of the lowest cement-consuming countries in the world,” with 17.4 million tons consumed in 2009, representing 116 kilograms (256 pounds) per person compared with 325 kilograms each in the developed market and 550 kilograms in developing markets, they said.
Demand is being driven by a construction boom as the country, Africa’s top oil producer, embarks on the provision of houses, schools, roads and bridges for its 150 million people. Local demand for cement is expected to increase as government revenue climbs due to higher oil prices, Lagos-based Access Investments and Securities Ltd., a unit of Access Bank Plc, said in a research note in May.
Nigeria expects to attain self-sufficiency in the production of cement and become an exporter in 2013, when production is forecast to reach 22 million metric tons, compared with the government’s projection of domestic demand at 20 million metric tons, Commerce and Industry Minister Jubril Martins-Kuye said Sept. 30.
Domestic producers such as Dangote Cement Plc, Africa’s biggest producer of the material, Lafarge SA’s local unit, Ashaka Cement Plc and Cement Company of Northern Nigeria Plc, are expanding their plant capacity to meet rising demand.
Lafarge WAPCO Nigeria Plc’s price estimate was raised to 48.5 naira, from 42.5 naira, while its recommendation was maintained at “hold,” Stanbic said.
Ashaka’s rating was reduced to “sell” from “buy,” with a price estimate of 25.3 naira, according to the report.
http://allafrica.com/stories/201011090856.htmlA new solution that may take electricity supply in Nigeria to the next level has been uncovered by the Green Word Water Africa.
The process, which involves Desalination plants, according to the African representative of the company, Tim Kayode Akano, will add 11,000mw to the national grid in the next three years.
The new technology drive according to Akano, will also fetch the country about $45 billion and about one million jobs when fully operational.
The epileptic power supply which is currently at between 3,000 and 3,500 mw is a far cry from the expected 40,000 mw, thus making economic activities hard and has easily affected every aspect of our lives in Nigeria.
UNICEF, recently reported that more than 70 million Nigerians lack access to clean water, nearly 100 million people have no latrines or toilets. The lack of clean water and proper sanitation means that waterborne diseases like typhoid, guinea worm, cholera, malaria, and diarrhea can easily spread. This equally calls for solution through provision of potable water. Cases of such epidemiological diseases have been reported in some parts of the country.
It is against this background that Green World Waters Africa (GWWA), a subsidiary of AEHI Inc USA, in partnership with China National Nuclear Agency, has proposed a solution that is capable of eliminating the aforementioned challenges within the shortest possible time.
With the desalination plant Akano said the following landmarks will be achieved between now and the next 36 months including the immediate creation of 100, 000 jobs
" This solution will not only provide sufficient and stable electricity, it will supply clean potable water. This is also an ideal electoral tool to get the mandate of the teeming Deltans."
Nigeria currently spends $13billion yearly to power diesel generators with its concomitant pollution of the environment.
Supply of electricity is the biggest challenge confronting Nigeria today. 60 per cent of industries (according to MAN) have closed down between 1999 and 2010 (from 4,000 in 1999. MAN has only 1,900 members today.)
This leads to mass unemployment. According to the Ministers of Education and Labour, 40, 000, 000 Youths are currently unemployed. This further leads to crime and unrest (high rate of kidnapping, ritual killings and social unrest)
Consequently, Foreign investors through Foreign Direct Investment (FDI) are further driven away due to social and political instability (Real or perceived).
Whereas the Country will require up to 40,000 megawatts to achieve the vision 20.20. economic development, the current generation is below 6000 megawatts
allAfrica.comFederal Housing Authority to Build 100, 000 Housing Units
17 November 2010
Managing Director of Federal Housing Authority, Mr. Terver Gemade, has unveiled plans by his organisation to provide 100, 000 affordable Housing Units within four years to assist in closing the huge 16 million deficit gap, currently characterising the country.
Gemade unveiled the plan during a stakeholders' forum on the provision of 3 million affordable housing units for public servants on Tuesday, in Abuja.
"We have planned to develop a 100, 000 housing units within four years, which is a programme that has never been done before and quite huge for our organisation alone.
"Ours is not a dream, it is a reality because the 100, 000 housing units have been determined based on our resources and capability, which has been divided into short, medium and long term basis within the targeted period.
"Also, we have already set the first phase of 14, 000 housing units running within the first year and have even commissioned few estates of over 1, 000 houses and others are still ongoing which we hope to commission any time from now," he said.
However, he expresses dissatisfaction over the frequent changes of government policies and lack of continuity by various administrations, blaming such action as one of the major setbacks responsible for the failure of housing development in the country.
"There must be continuity in government, but unfortunately, the people who come into the positions of policy making do not keep that sustainability, which is the biggest problem facing the housing sector," he said.
allAfrica.comJonathan Promises 20,000 Megawatts By 2015
Mohammed S. Shehu
18 November 2010
Domestic power generation in this country would rise to 20,000 megawatts by 2015 and would meet the needs of manufacturing industries many of which currently generate their own power, President Goodluck Jonathan said in Abuja yesterday. He spoke while presenting his administration's blueprint on power, agriculture and Niger Delta to former British Prime Minister Tony Blair and the Chief Executive Officer of JP Morgan Bank of the USA, Mr. Jamie Dimon. He also vowed to implement the action plans to their logical conclusion.
Jonathan told the visitors at the State House, Abuja, that if his administration's plans for the power sector are fully implemented, Nigeria should be generating enough power for use in homes, offices and commercial enterprises by April next year.
He also briefed them on his administration's efforts to boost agricultural production in the country through large scale commercial farming as well as measures being taken to sustain peace in the Niger Delta. He said the Federal Government was also tackling challenges in the area of power transmission and that it intended to move as quickly as possible on the construction of a new National Power Transmission Super-Grid to replace the existing grid which can no longer meet the nation's power transmission needs.
He told Blair and Dimon that Nigeria would welcome support from international finance organizations and global banks such as JP Morgan through long-term financing for the super-grid project which is critical to assuring the sustainability of stable power supply in the country.
Blair told Jonathan that there was a huge amount of goodwill in the international community towards supporting his efforts to achieve rapid socio-economic development in Nigeria. The former British Prime Minister said the decision by JP Morgan, one of the world's largest banks, to upgrade its representative office in Nigeria to a full-scale branch was a vote of confidence in Nigeria and the Jonathan administration.
Also yesterday in Abuja, Jonathan received the Foreign Minister of the Russian Federation Mr. Sergey Lavrov, who is in the country to follow-up on the implementation of bilateral agreements signed during President Dmitry Medvedev's official visit to Nigeria last year. Jonathan assured Lavrov that his administration will do all it can to facilitate the implementation of the agreements and the expansion of areas of economic cooperation between Nigeria and the Russian Federation.
allAfrica.comBayelsa Govt Releases Funds for Project Completion
15 November 2010
Yenagoa — Business activities in Bayelsa State have started showing signs of life with the return of contractors handling development projects for the state government.
This follows the release of needed funds for the completion of projects including the 500-bed Melford Okilo Memorial hospital in the state.
Other projects expected to be completed before April 2011 are the five star , the State Library and the Ijaw National Council (INC) secretariat building, the completion of the power projects and the Yenagoa Water Reticulation plant.
Already, the State Governor ,Chief Timipre Sylva has announced that the sums of N600million and N300million respectively have been realised for the completion of the power project and the Water reticulation. Also released was the sum of N1billion for the completion of the State Government owned Five star hotel at the Ox-Bow lake area of the state capital.
LEADERSHIP check at some project sites in the state showed signs of activities as workers were ordered back to site by contractors who had been paid the outstanding funds by the State Government. Investigation revealed that the payment was made possible due to the improved allocation to the State from the Federation account.
allAfrica.comDual Initiative Steps up Ondo Housing Provision Drive
14 November 2010
Ondo State is utilising a two-pronged approach towards making available dwelling units for needy residents as well indigenes at home and in the Diaspora.
Under private partnership participation (PPP) arrangement on one hand, no fewer than four firms are involved in plans to build a considerable number of homes, courtesy of financial assistance from the National Housing Fund (NHF) scheme's Estate Developers' Loans (EDL) lending window.
The firms are Aso Savings & Loans Limited, Locke Homes Limited (LHL), Union Homes and Afri Homes.
On the other hand, a state housing scheme being executed by the Ondo State Property Development Corporation seeks to provide 36 units of three-bedroom duplexes at the cost of N360 million along Oda Road.
Thirty-six contractors are involved in the project and work is expected to formally commence this week.
The PPP endeavour features three different schemes. One of them is "Sunshine Gardens", which is being built at Oba-Ile in Akure (the state capital) by LHL. It comprises 100 units of two- and three-bedroom detached bungalows valued at N2.75 million (Starlet Type) and N3.5 million (Diamond Type) respectively.
However, a three-bedroom bungalow variant (Liberty Type) that has all the rooms ensuite goes for N5 million.
A N360 million contract for the electrification and construction of a road network in the estate was awarded recently. Finishing touches are being put on the about 350 units already built and they will be officially unveiled in February 2011, according to Alhaji Sikiru Basaru, the Lands & Housing Commissioner.
The estate displays ceramic and PVC floor finishing, suspended ceiling, boys' quarters, police post, fencing and beautification.
Work commenced on the project in May 2009, same as "Odah Road Estate", the second PPP scheme being built by the Abuja-based Aso Savings & Loans Limited. The estimated 110 units are at various stages of construction.
The estate is being built and executed with a concept similar to the Oba-Ile project, where aspiring beneficiaries are expected to pay 10 percent of the total unit cost as initial deposit. Beneficiaries can also make outright payment.
The two estates also provide for boreholes, paved walkways, car parks, water treatment plants, shopping malls, street lighting, green areas, transformers, estate security and recreational centres.
Tagged "Caring Heart Garden Estate", the third PPP project will provide a total 364 homes. Basaru said that government would soon call for tenders to execute electrical and roads construction contracts in the estate.
According to him, government has prepared a land bank comprising land resources allocated for various uses.
"Land is not a problem in the state as most have been acquired since 1976," the commissioner disclosed, saying however that the ministry refused to embrace site and service schemes as it found such unprofitable.