photo credit | EIE Nigeria
Aisha Oyebode Went Shopping With $20 Billion, Check Out What She Bought
In the course of discussion last night, it suddenly occurred to me that I just couldn’t comprehend what $20bn could possibly buy. It began with my mother saying that is Two Thousand Million USD. Incomprehensible?
Now if I can’t comprehend, I am sure there are many out there like me who can’t either, hence perhaps the challenge with feeling enough outrage. So I went shopping on the internet. I bought things that I could find prices for. Some not so useful like 4 GSM licenses but just to get a sense of how staggering the amount is, my shopping is as follows;
$20,000,000,000
SN
|
Quantity
|
ITEM
|
COST
|
COMMENT
|
1
|
1
|
HeathrowTerminal 5
|
$7,500,000,000 ($7.5bn)
|
Commissioned March 2008 and cost 4.3bn pounds which was described with pride by her majesty as “a 21st Century gateway to Britain” .. http://news.bbc.co.uk/2/hi/
|
2
|
10
|
Boeing 787-10
|
$3,000,000,000
($3bn)
|
2 for each geo zone and remaining 2 for vip movement! Approximately $300m each direct from Boeing http://www.boeing.com/b
|
3
|
37
|
State of the art Tertiary Care Hospital
|
$2,600,000,000
(2.6bn)
|
1 in each of the 36 states plus Federal Capital territory…….. (Basis for assumption ApolloBranwell Hospital Mauritius commissioned in 2005, cost $70million, was actually over initial $50million budget)
|
4
|
10
|
5 star hotel
|
$2,350,000,000
($2.35 bn)
|
2 in each geo zone and 2 in FCT……(Basis for assumption Fairmont Lagos 220 keys with 50 residences each $235m )
|
5
|
20
|
State of the art mall
|
$1,000,000,000
($1bn)
|
5 in each geo zone ( Like Palms Lagos approx. $50 million for 20,000sqm mall)
|
6
|
4
|
GSM Licence
|
$1,140,000,000…($1.14bn)
|
GSM Phone Licence….. at $285m each = http://news.bbc.co.uk/2/hi/b
|
7
|
1
|
Cement plant
|
$1,000,000,000
($1bn)
|
Cement Plant…..Dangote Ibese Plant ……http://www.forbes.com/si
That of Abdulsamad is said to cost $500m ….http://www.forbes.com/site
|
8
|
76
|
State of the Art Secondary School
|
$1,300,000,000
($1.3bn)
|
Secondary Schools- State of the art plus equipment…. 3 Billion Naira approximately $17m each, approximate cost of recent one built in Delta, can build 2 in each of 36 States plus 2 in Federal capital territory.
|
9
|
?????
|
$110,000,000
($110m)
| A couple of state of the art universities and or medical colleges or nursing schools and or teacher training colleges but couldn’t find any prices to benchmark. At this point I was tired of spending anyway! | |
Grand Total
|
$20,000,000,000
($20bn)
|
Too many to carry, I agree, how about:
SN
|
Quantity
|
ITEM
|
COST
|
COMMENT
|
1
|
1
|
HeathrowTerminal 5
|
$7,500,000,000 ($7.5bn)
|
Commissioned March 2008 and cost 4.3bn pounds and described with pride by her majesty as “a 21st Century gateway to Britain” .. http://news.bbc.co.uk/2/hi/
|
2
|
1
|
Petroleum Refinery
|
$9,000,000,000
($9bn)
| |
3
|
5
|
7 Star Hotel
|
$3,000,000,000
($3bn)
|
Burj Al Arab cost $600m http://en.wikipedia.org/
|
Grand Total
|
$19,500,000,000
(19.5bn)
|
I am not a mathematician and my calculator kept running out of zeros, but I think quite accurate. Have a great day!
Aisha Oyebode
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