Discover and read the best of Twitter Threads about #SukukBond
Most recents (5)
Project commissionings I’m looking forward to:
Completed:
Second Niger Bridge
Loko-Oweto Bridge
700MW Zungeru Hydro Plant
40MW Kashimbila Hydro Plant
Almost completed:
Lagos-Ibadan Exp
Apapa-Oshodi-Oworo Exp
In progress:
AKK Gas Pipeline
Abuja-Kano
Bodo-Bonny
Abuja-Makurdi
Completed:
Second Niger Bridge
Loko-Oweto Bridge
700MW Zungeru Hydro Plant
40MW Kashimbila Hydro Plant
Almost completed:
Lagos-Ibadan Exp
Apapa-Oshodi-Oworo Exp
In progress:
AKK Gas Pipeline
Abuja-Kano
Bodo-Bonny
Abuja-Makurdi
This is exactly what @MBuhari has also been doing over the last couple of years, with #PIDFund #PPInigeria #ExecOrder7 #SukukBond #RailUPng etc etc
The list above is of course not an exclusive one. Not to talk of all the major projects already completed & commissioned—like the billion-dollar Lekki Deep Sea Port, 3 Inland Dry Ports, Lagos-Ibadan & Itakpe-Warri SGR, ~$20m NSIA healthcare investments (Lagos, Kano, Umuahia), etc
National Infrastructure: (not an exhaustive list)
#PIDFund has 3 projects (1 SW, 1 SE/SS, 1 NC/NW)
#SukukBond projects - each geopolitical zone gets the same share of money
NSIA Health projects: 1 SW, 1 SE, 1 NW
Kashimbila & Mambilla Power Plants: NE
Bodo-Bonny Bridge: SS
#PIDFund has 3 projects (1 SW, 1 SE/SS, 1 NC/NW)
#SukukBond projects - each geopolitical zone gets the same share of money
NSIA Health projects: 1 SW, 1 SE, 1 NW
Kashimbila & Mambilla Power Plants: NE
Bodo-Bonny Bridge: SS
.@realREANigeria’s #EnergizingEducation prog is ongoing (Phase 1) in 8 locations across the country: Kano, Sokoto, Bauchi, Benue, Anambra, Delta, Lagos, Osun
Point I’m trying to make is there’s a deliberate + determined effort to make sure every part of Nigeria equitably touched
Point I’m trying to make is there’s a deliberate + determined effort to make sure every part of Nigeria equitably touched
River Niger getting one new bridge, River Benue also getting one (Loko-Oweto). That’s the spirit. Do here do there. #infrastructure
Many of the most important projects @NigeriaGov under President Buhari is doing in the SE relate to transportation - enhancing connectivity of the region (a trading and industrial hub) by air, rail, road and sea.
#Thread
#Thread
Let me start with Air. Enugu Airport - the region’s International Airport - is undergoing an upgrade (new Runway etc) for which the President approved 10 billion Naira last year, and which Aviation Minister @hadisirika assures will be completed before Easter.
The Enugu Airport also has a new Terminal building that is under construction (a project inherited at about 20% completion, according to @fmaviationng, and now at about 60%). Minister Sirika assures that the project will not be abandoned.
A #Thread listing some of the biggest ongoing public infrastructure projects in #Nigeria:
The Presidential Infrastructure Development Fund (PIDF) projects, funded by @nsia_nigeria
-Lagos-Ibadan Expressway reconstruction
-2nd Niger Bridge
-Abuja-Kaduna-Zaria-Kano reconstruction
The Presidential Infrastructure Development Fund (PIDF) projects, funded by @nsia_nigeria
-Lagos-Ibadan Expressway reconstruction
-2nd Niger Bridge
-Abuja-Kaduna-Zaria-Kano reconstruction
The Executive Order 7 (2019) Projects, funded by Tax Credits issued to selected road concessionaires (private companies like Dangote, NLNG, Lafarge, etc):
Apapa-Oshodi-Oworonshoki-Ojota Road
Obajana-Kabba Road
Bonny-Bodo Bridges and Road
Obele-Ilaro-Papalanto-Shagamu Road
Apapa-Oshodi-Oworonshoki-Ojota Road
Obajana-Kabba Road
Bonny-Bodo Bridges and Road
Obele-Ilaro-Papalanto-Shagamu Road
The #SukukBond Projects, funded by two Sukuk Bonds raised by @NigeriaGov, in 2017 and 2018 (N100 billion each). A 3rd Bond in the works:
Enugu-Port Harcourt Expressway
Yenegwe Road Junction-Kolo-Otuoke-Bayelsa Palm
Benin-Ofosu-Ore-Ajebandele-Shagamu
Kano-Maiduguri
Etc
Enugu-Port Harcourt Expressway
Yenegwe Road Junction-Kolo-Otuoke-Bayelsa Palm
Benin-Ofosu-Ore-Ajebandele-Shagamu
Kano-Maiduguri
Etc
Don't agree with this position. Concession and tolling our most important highways may be the only "nationally scalable" way to get our roads fixed.
That roads are public goods does not mean financing their construction from taxes is possible or even optimal.
That roads are public goods does not mean financing their construction from taxes is possible or even optimal.
Just to put some legs to this point, I did a rough estimate of what it will cost to properly reconstruct the most important highways in the country. I started out with this graphic from the good folks @sbmintelligence
cc: @StearsBusiness
cc: @StearsBusiness
I think the A1, A2, A3 and A4 highways can be considered as the most important roads in the country. However, I considered the E1 (Lagos - Ibadan Expressway) as an extension of the A1 given they meet at the Marina in Lagos. So think of the A1 as A1+E1.
