Shopping with $20,000,000,000 ($20bn)

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/uk/7294618..stm

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/boeing/commercial/prices/

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/business/1126538.stm. For each geopolitical zone

 

7 1 Cement plant

$1,000,000,000

($1bn)

 

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/uk/7294618.stm

2 1 Petroleum Refinery

$9,000,000,000

($9bn)

www.ft.com › reports‎ Aliko Dangote builds up manufacturing with $9bn Nigeria refinery Oct 10, 2013
3 5 7 Star Hotel

$3,000,000,000

($3bn)

Burj Al Arab  cost $600m http://en.wikipedia.org/wiki/Burj_Al_Arab
   

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 Muhammed-Oyebode

About Author: Integrity Org

Integrity Organization is committed is an anti-corruption, research and advocacy organization. Its activities are centered on the aim to reduce the tolerance for corruption in Nigeria.

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