Comments by "Straight2Dpoint" (@4evertrue830) on "Стивен Ндукву"
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It was a very stupid idea, from the very beginning. I doubt if the govt at the time, connected with local Urban & Regional planners to help out. If they did, they would have provided the best, affordable alternative city plan to solve Lagos many urban city problems.
Lagos State is a megalopolis, a state with over 20million people on a small land mass, so many of its citizens are living in massive slums on both the island and mainland. The best solution and the most cost effective, would have been to embark on urban renewal, urban redevelopment projects of all its residential and commercial slums, one after the other, into new modern CBDs (central business districts) with all stakeholders involved.
It would have been far cheaper and much more cost effective, than this silly $6 billion Eko Atlantic city project. I am very sure this EKO scheme, came about through the influence of foreign venture capitalists without the input of Lagos city planners from the start. It will take another 20 something years for any significant progress to take place there, by then its cost estimate will continue to rise...
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The =N= 267billion internal generated revenue you qouted, i think is quite low. According to the APC led Lagos State govt, they often boast of =N= 35billion/mth internal revenue and this is not adding the allocation from the monthly Fed allocations. The truth behind all this is greed, both by the property developer and the State govt.
Let me explain; if the LASG keeps truthfully to proper land use laws and regulations, in its master plan, i.e ensure the land use is developed by the land owner, for the purpose which it was bought for/meant for and not changed, home prices will not rise to ridiculous high levels. However, you will realise that illegal change of use of residential buildings for other purposes, in most cases - commercial uses, this jerks up prices of residential neighbourhood buildings as well. This is usually is the problem..i am 99% sure about this.
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