For years, infrastructure deficit has been one of the biggest factors
holding back growth and development in Nigeria.
According to Moody Investors Service, an American Credit Rating Company,
Nigeria's Total Infrastructure Stock represents 35% of the GDP,
which is significantly lower compared to other countries
such as South Africa, with 87%.
This is however expected to change,
as Nigeria is currently undertaking several Multi-billion Dollar Projects
to address Infrastructure deficit in different sectors of the economy.
Under Nigeria's President Muhammadu Buhari
latest initiative administered by Nigeria Infrastructure Corporation (INFRACO),
the Nigerian Government aims to raise over US$36 Billion to support
the Construction of Infrastructure Projects across the Country.
In this Video, we are going to look
at the 10 Most impressive Mega-projects.
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Number 10, Lagos-Badagry Expressway.
The Lagos-Badagry Expressway is the local name
for the Nigerian Section of the Trans West-African Coastal Highway.
The Expressway connects Nigeria's Financial Capital, Lagos,
to the City of Dakar in Senegal.
The Reconstruction and Expansion of the Lagos-Badagry Expressway Road
involves the Expansion of the Highway from 4 to 10 lanes
comprising of 2 Toll lanes, 2 Service lanes, 1 Bus Rapid Transit (BRT) lane,
a Central Reserve for Two-way Light rail Mass transit,
and other supporting Infrastructure.
The Expressway is expected
to Stimulate Economic and Tourism activities, Boost International Trade,
as well as Reducing Traffic jam in Lagos City.
China Civil Engineering Construction Company (CCECC)
is the Main Contractor of the Project, expected to be complete
by June, 2022.
Number 9, Lekki Deep Sea Port.
A Multi-purpose Deep Seaport located in the Lagos Free Zone.
Lekki Deep Seaport is one of the Most modern ports in West Africa.
The Port offers enormous support to the burgeoning
Commercial operations across Nigeria and the entire West African Region.
Located in the Heart of Lagos,
Free Trade Zone Area,
Lekki Port is a Modern fort with the Capacity of 6 Million teu's
and with an ability to carry over 14,500 containers.
The Port also has 3 Container berths,
1 Dry bulk berth and 3 Liquid berths.
About US$1.5 Billion has been invested
on the Lekki Deep Sea Port by the Nigerian Government and 2 Private Investors.
China Harbor Engineering Company(CHEC), Calero Group of Singapore, Lagos State Government
and Nigeria Port Authority will co-own the Port once fully complete.
As of March, 2022,
the Project is 96% Complete.
Number 8, Lagos Rail Mass Transit System.
The Lagos State Government is constructing a Light Rail System
to reduce Traffic Congestion in Africa's Biggest City.
The Lagos Rail Mass Transit System is a Project being developed
by the Lagos Metropolitan Area Transport Authority(LAMATA), with proposed 7 lines.
16 Kilometers of the Total 27.5 Kilometers
of the Blue Railway line Track is now fully complete,
while the Purchase Agreement for Trains set to be used on the Red line was signed
by the Lagos State Governor, Babajide Olu in January 2022.
The whole Project is expected to cost over
US$2.4 Billion.
Number 7, Mambilla Hydropower Station.
Nigeria is undertaking Construction of a Mega Hydropower Dam
as it seeks to boost its Energy production.
Dubbed Mambilla Hydroelectric Power Project, the facility
which has been planned for more than 3 decades,
is one of the Biggest Construction Projects in Africa.
The Mambilla Hydroelectric Power Project, which is being undertaken
by China's Sinohydro Corporation at a Cost of US$5.8 Billion,
will be connected to 3 dams
across the Donga River in Taraba State, Nigeria.
The facility will have a Total Installed Capacity
of 3050 Megawatts of Electricity.
The Construction of the Dam is going to take 6 years,
and once completed it will be the largest Power Installation in the Country
and one of the largest Power Stations in Africa.
Number 6, Eko Atlantic.
Eko Atlantic, Officially Nigeria International Commerce City,
also known as Eko Atlantic City, is a planned City of Lagos State, Nigeria
being constructed on land reclaimed from the Atlantic Ocean.
It is a Focal point for Investors capitalizing on Rich development growth
based on Massive demand, and a gateway to Emerging markets in Africa.
Standing on 10 Million Square Meters of land reclaimed from the ocean
and protected by an 8.5 Kilometer long seawall,
Eko Atlantic will be the size of Manhattan Skyscraper District in New York.
Self-sufficient and Sustainable, it includes State of the Art Urban design,
its own Power generation, Clean water, Advanced telecommunications,
Spacious roads and Tree lined streets.
The Project is privately funded by South Energyx Nigeria Limited,
the Developers and City planners in partnership
with the Lagos State Government,
and it is supported by the Federal Government of Nigeria.
The Project aims at making Nigeria Africa's Financial hub.
Number 5, Trans-Saharan Gas Pipeline.
Nigeria, Algeria and Niger have signed an Agreement
that will see the resumption of a Multi-billion Gas Pipeline Project.
The 4128 Kilometers(2565 Miles) Pipeline
links Warri in Nigeria to Hassi R'Mel in Algeria.
The Pipeline is set to transfer 30 Billion Cubic Meters
of Natural gas a year to European markets via Algeria's Strategic Mediterranean Coast
and also serve Internal markets along its route.
The US$13 Billion Pipeline
will enable Europe to tap directly into the 3 countries
significant Natural Gas Reserves, helping it diversify its Supply sources
while creating Critical sources of Revenue for African Gas markets.
Number 4, Centenary City.
Centenary City is one
of the Largest and Most expensive Construction projects in Nigeria.
The Project is estimated to cost US$18 Billion to construct,
making it one of the Biggest projects ever undertaken in the Country.
Built on a 3113 Acres land,
the Smart City has a Mixed use Urban center, a Central Business district,
a Financial center, a Museum and Cultural center that promotes
African and Global arts, plus World Class hotels, Railway offices,
Residential districts, an 18 hole Golf course, Polo and Country club,
an International Convention Center, Sports and Leisure facilities, a Safari park,
Educational Institutions, Health care and Community amenities.
Number 3, Nigeria Standard Gauge Railway.
The Nigeria SGR is a Railway line connecting Nigeria Major cities.
The Railway line is being built as part of an initiative in Nigeria,
aimed at replacing the existing Narrow Gauge Railway System
with the Wider Modern Standard Gauge Railway System, which is one of the First
Standard Gauge Railway Modernization Projects undertaken in West Africa.
Up until now there are 2 SGR Railways routes in Nigeria,
which are Abuja to Kaduna, which was inaugurated
by the Nigerian President Mohammadu Buhari in 2016, and the other being Lagos to Ibadan,
which began semi-scale operations in December 2020,
and on June 2021, the SGR began Commercial Operation.
Number 2, Dangote Oil Refinery.
One of the World's biggest Oil Refineries.
The Plant is a game changer that will spur Africa's development
and deepen Regional integration in West Africa's Regional block(ECOWAS).
The facility has the capacity
of processing 540,000 Barrels of Crude oil per day,
which is expected to be reached by the end of the year or early 2023,
enough to meet Nigeria's Local oil demand and serve External markets.
Nigeria is Africa's largest Oil producer,
and has the Second largest Oil reserve in Africa after Libya.
But due to a Chronic shortage of Refined Petroleum products,
Filling stations sit empty or have only very low grade fuel for sale,
which stymies the Country's Economic growth.
Nigeria imports Petroleum products worth US$50 Billion every year,
the Dangote Oil Refinery is expected to change this by ensuring the Country
produces enough Petroleum products to meet the Local demand.
Construction of the Project began in 2016
by India Engineers Ltd., which is the Main Contractor.
The Project team
had a major milestone in December 2020, when it installed
the World's largest Crude Distillation column, a Processing tube
as long as a football pitch and as heavy as 320 elephants.
While the team has faced obstacles
ranging from Supply Chain breakdowns to Pandemic lockdowns,
careful planning has kept the Project on track to deliver on its goals,
says DVG Edwin, Group Executive Director
at Dangote Group in Lagos, Nigeria.
According to Aliko Dangote,
Group Chief Executive Director, Mechanical works
on the Refinery are already complete, and by the Third quarter,
the facility is expected to begin Commercial operation.
Number 1, Nigeria-Morocco TransAfrica Gas Pipeline.
The Kingdom of Morocco and Federal Republic of Nigeria have announced that
they will jointly develop a New Regional Gas Pipeline connecting the 2 countries,
bringing the resources of Nigeria to Morocco, to its Neighbors and Europe.
Plans for the Construction of the Pipeline were first announced in 2016,
and in 2017 feasibility studies began.
The Pipeline is an extension of the existing
West Africa Gas Pipeline which connects Nigeria to Benin, Togo and Ghana.
The 5660 Kilometer(3516 Miles)
long Offshore Gas Pipeline runs from Nigeria to every Coastal Country
in West Africa, namely Benin, Togo, Ghana,
Cote d'Ivoire, Liberia, Sierra Leone, Guinea, Guinea-Bissau, Gambia,
Senegal and Mauritania, to Tangiers in Morocco,
and Morocco will export the Gas to Qatar and Spain.
The Pipeline will take 25 years to construct,
and it is expected to Improve access to Energy across West Africa,
Strengthen Energy exports to Europe, Spur Industrialization in West Africa,
as well as Creating New opportunities between Businesses in Morocco and Nigeria.
The Total Cost of the Project is US$25 Billion.
That's all that we have for today.
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