President Donald Trump will need a little more than $25
billion about the size of Nigeria’s 2017 budget to build his much touted wall across the
US-Mexico border.
The wall, which is projected by CNN Money to be at least
1,300 miles long, 40 feet high, and containing 19 million tons of concrete, is
expected to be more than double the price proclaimed by Trump during his
campaign.
The taller portions of the existing fence between the
populated sections of the US-Mexico border cost an average of $3.9 million per
mile, according to the government accountability office.
Bernstein Research, which tracks materials costs in the US, suggests
there are enough uncertainties to drive the cost up to $15 billion, and
possibly as much as $25 billion.
The estimate does not include the cost of acquiring the land
where the wall will be built, which is estimated to cost a fortune.
In context, Nigeria’s 2017 budget is $25.99 billion or
N7.298 trillion, the biggest budget in naira terms in the country’s 56-year
history.
With the cost of land acquisition added to the estimated
cost, Trump will need more than $25.99 billion to successfully erect a wall
between the US and Mexico.
Trump has repeatedly said Mexico will be paying for the
wall, which the country has refused.
Enrique Nieto, the Mexican president, made a cancellation of
his proposed trip to Washington on January 31.
He was to meet with Trump, but the US leader said he should
stay put in Mexico, if his country not willing to pay for the wall.
“The US has a 60 billion dollar trade deficit with Mexico.
It has been a one-sided deal from the beginning of NAFTA with massive numbers
of jobs and companies lost,” Trump said.
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