This is one of the main reason Americans wlill not imvest in Africa. The government is clueless as to building infrastructure there. A two hundred million dollar resort demolished? This is evidence of the inadequacy of those in charge. They take two steps forward and forty steps backwards. This is insanity., who does this?
@@outrightjoe “development comes with price”. This is such an ignorant statement akin to Stockholm syndrome. As the owner of a channel that has some recognition you owe your viewers a bit more thought around seeking the truth - unless you’re being paid to promote evil. The Nigerian government only destroys. Proper development comes with thought and not necessarily a “price”. There is a road behind the hotel which could be expanded if need be, at a lower cost. Sand filling a beach to build a new road is not only more expensive but environmentally damaging (this will NEVER happen anywhere else in the world), let alone at the expense of a thriving business that provides jobs and contributes tax revenue to the government. There was the right solution but yet the government chose to destroy. Other considerations are around the losses foreign investors will incur (diminishing future investments in projects in Nigeria), notwithstanding the fact that this Lagos-calabar road is far from guaranteed to be completed one day, given the blood suckers likely to continue with stealing money for the project. You can do better with some basic statements such as that.
The portion demolished doesn't belong to Landmark, it is the regulated setback that is allowed by law albeit it was to the advantage of the land owners close to the sea, as they can use it to their advantage but they don't own it, it belongs to the government. Have you wondered why Landmark didn't challenge it in court or show the survey plan indicating their ownership?. No doubt it is a sad development and no one likes to see businesses go down this way, but let's put sentiments aside, Landmark even strayed into the water, do they own the water as well. None of the structural buildings was demolished but the kiosks and shops built by the shore have all been demolished. It also calls into question the business model, who sets up such a huge business without a risk assessment and appropriate mitigations especially when the main cost driver's of your business is on a public beach (this is not a private beach)
The reason for the business was due to the location, the government surely did not consider that or the employed people. No building was torn down, but I go for the beach, not the buildings, and what Landmark provide at the beach. This is sad to watch!
Nigerians with thei simplistic mind. The premise of comparing which is better project road vs landmark is wrong. How did landmark get the right to build?.even if its wrong, the value in employment, tourist attraction and sustainable beautified landscape is something worth adjusting and finding s way around it. There are ways to innovate to make the road snd still keep öandmark property. But yes this is Nigeria and there is a reason the country is how it is
Delve into the historical narrative of the Landmark site. That land is cursed by former settlers. That site was formerly Maroko, where Adisa, the former minister of works, orchestrated the demolition of a poor community, because of their closeness to VI. The displaced families, forced to vacate their homes abruptly, departed tearfully, leaving behind curses on the land, Maroko, in Yoruba, loosely defined means a place you must not bulldoze.
As someone based in the UK & US this new is sad beyond belife. A group of friends and I in our late 20s & early 30s had planed to invest around 10 million dollars plus in nigeria over the next 3/5 years. This new has destroyed all thoes plans, who would want to invest in a country that can decide to wash away your hard work over night? South Africa & Ghana are steaming ahead in terms of reinvestment from EXPATS.
@@outrightjoe so of all the bad roads causing thousands of accidents daily, it'd Coastal road Nigerian Government whants to focus on. Boss how many times do you drive on a coastal road ? Let this Government get their priorities straight.
@@hopeimoh4208 no be me encourage govt oo. It’s the federal government that is responsible for everything. We only hope the project is worth more than what Nigerians will loose with it.
This is the destruction of our most beautiful resort. What a shame. They took Bar Beach, now Landmark. Done by people who hate Lagos and Lagosians. They have we made the sea inaccessible to us.
@@outrightjoe your sermon is for gullible persons who have more money than brain. A country which does not obey the rule of law is simply a recipe for investment minefield. Invest at your own peril!
No job opportunities The main road that leads to the east has not been properly worked on what nonsense are you guy doing with water or you are looking for innocent lives to put at stake, you guys have not worked on scarcity of food, fuel a lot more I'm so angry
I no support you for this one oo. God settle us near beach for many reasons. $200 million dollar Business is not a joke at all. Apart from lacampgne Tropicana, we don’t have any well planned tourist attractions like landmark in Lagos. Govt can do better next time.
When government demolished some vulnerable people in nigeria nobody coming like this but now they demolished landmark u people shouting are they not human beings. Let rich people feel the pain of vulnerable people in nigeria
@@outrightjoe The portion demolished doesn't belong to Landmark, it is the regulated setback that is allowed by law albeit it was to the advantage of the land owners close to the sea, as they can use it to their advantage but they don't own it, it belongs to the government. Have you wondered why Landmark didn't challenge it in court or show the survey plan indicating their ownership?. No doubt it is a sad development and no one likes to see businesses go down this way, but let's put sentiments aside, Landmark even strayed into the water, do they own the water as well. None of the structural buildings was demolished but the kiosks and shops built by the shore have all been demolished. It also calls into question the business model, who sets up such a huge business without a risk assessment and appropriate mitigations especially when the main cost driver's of your business is on a public beach (this is not a private beach)
Buying a beach-front property does not confer rights of the coastline to the owners. The beach is a public property and govt has been very generous by not demolishing any significant property within the area. The unnecessary negative sentiments must stop. There are also Oniru beach, The good beach and a couple of others that would be affected. How many Nigerians could afford that collectively owned beach when Landmark was making so much money off it? The infrastructure is more important to Nigerians than any single business. The people I really feel for are those that have lost their homes around Jakande and those that will still be affected as the construction progresses.
This mentality is why Nigeria will NEVER succeed. All the Nigerian government has ever done is destroy value. Why not ask yourself, why is Nigeria one of the poorest countries in the world? This is why! Brainless, unstrategic decision making. And you supporting this mess does nothing but shoot yourself in the foot Sir. No where in the world would this decision be made. There is a road that could be expanded if anything behind the hotel, but yet you decided to destroy a thriving community of businesses which provides jobs and tax revenue, destroy the natural beauty of the best beach resort or one of the best in the country. Not mentioning the reputational damage caused from a foreign investor point of view. Also the sand filling process would make this a more costly project. Finally, as we know, let’s see if this project ever gets completely or would be one of thousands of grand ideas where money is pumped into, stolen and then abandoned, net net, destroying value. Wake up Nigerians! Don’t think like this man.
Nooooo. Peak Bay estate is in a very strategic position and free from government demolition or any wahala oo. Infact, it is far from anywhere near where govt want to use for any public projects. If you need one, call or watsapp me on 08163230242
Why not Make tunnels under this beautiful investment? Why is Lagos the most dangerous place for investment? What kind of tribe is this? You sale properties and your eyes are still in it. damn!!!
I will agree with you on the tunnel matter, but, i think you are mistaking the whole point sir. It’s not about tribe. It’s the federal government that is responsible for the road and demolition of any properties along the right of way. Also note that, the real buildings are not touched except for the ones built closed to the water. Go Verify them too sir.
No job opportunities The main road that leads to the east has not been properly worked on what nonsense are you guy doing with water or you are looking for innocent lives to put at stake, you guys have not worked on scarcity of food, fuel a lot more I'm so angry
No vex Biko. This coastal road will create many jobs and opportunities for many people once completed. It will also open up many new cities in Nigeria to the world.