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Nairaland Forum / Nairaland / General / Politics / Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant (2337 Views)
Mambilla Power Project: 6 Things You Need To Know About The FG Project / FG Wants Speedy Completion Of Mambilla Power Project – Buhari / Route Of The Coastal Railway From Calabar To Lagos (2) (3) (4)
Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by Nobody: 7:06am On Dec 03, 2015 |
President Muhammadu Buhari will leave Abuja for South Africa today to participate in the Forum on China/Africa Cooperation (FOCAC) in Johannesburg where he will ask China’s President Xi Jinping to fund rail and power projects urgently needed to diversify an economy hit hard by a plunge in oil prices. The meeting would be a continuation of his interaction with Jinping which began in New York during the last General Assembly of the United Nations, UN. The President would be accompanied by the Minister of Foreign Affairs, Geoffrey Onyema; Minister of Transportation, Chubuike Amaechi; and the Minister of Industry, Trade and Investment, Okechukwu Enelamah to the forum which would commence on December 4 and end on December 5. A statement by the presidential spokesman, Mr. Femi Adesina, stated that during the meeting in New York, President Buhari had indicated to Xi Jinping that “he wanted China to re-commence stalled rail projects under new terms that would see China providing nearly all the financing required.” The statement added that “of particular interest is the coastal railway project stretching for 1402 kilometres linking Lagos in the West with Calabar in the East; a project that is expected to be financed with 12 billion U.S Dollars Chinese loan and which will create about 200,000 jobs.” Another rail project that will be up for renegotiation is the $8.3bn Lagos-Kano standard gauge modernization project, of which only a segment, Kaduna-Abuja has reached completion stage. Outside from railways, President Buhari is also expected to discuss ways of kick-starting the 3,050 MW Mambila Power Station, considered to be a strategic project initiated in 1982 but has not taken off. Adesina revealed that the Chinese President expressed the willingness of his country to finance the whole project through a special loan agreement. http://www.vanguardngr.com/2015/12/buhari-leaves-for-s-africa-today-to-discuss-railway-power-projects-with-chinas-president/ I love to hear such news and hope it comes to fruition even though I prefer to be neutral at times on Government policies due to previous disappointments. What do y'all think about this? 2 Likes 1 Share |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by kurt09(m): 7:08am On Dec 03, 2015 |
Campaign is over. |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by Standing5(m): 7:10am On Dec 03, 2015 |
Pls negotiate with contractors directly. We are tired of chop-chop people who are always there to secure their own share of the National cake. 3000 MegaWatt (equivalent of 3GigaWatt) will greatly improve our meagre 4000+ Mega Watt capacity. Also a rail line linking Lagos to Calabar will always be a good addition for our transportation network and options. If it can be an electric rail system that supports cargo, i would love even more. |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by igraman(m): 7:11am On Dec 03, 2015 |
The Junketer is about to junket again. One chance ! Nigerians eku iroju o. |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by ademega(m): 7:12am On Dec 03, 2015 |
good one Mr president.
haters will have something to say 3 Likes |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by baralatie(m): 7:16am On Dec 03, 2015 |
Outside from railways, President Buhari is also expected to discuss ways of kick-starting the 3,050 MW Mambila Power Station, considered to be a strategic project initiated in 1982 but has not taken off. China will not undertake this one |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by Nobody: 7:17am On Dec 03, 2015 |
kurt09:Who's Campaigning. Mr. Buhari will not be in power when these projects are completed; so he can't take the credit. Besides, these are not new projects, he's re-negotiating the funding. The bane of past governments had been inability to follow up on projects conceptualized by their predecessors. We need the next President to have this man's vision and foresight. 3 Likes |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by opalu: 7:19am On Dec 03, 2015 |
Must we always beg China? |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by baralatie(m): 7:21am On Dec 03, 2015 |
President Buhari had indicated to Xi Jinping that “he wanted China to re-commence stalled rail projects under new terms that would see China providing nearly all the financing required.” The statement added that “of particular interest is the coastal railway project stretching for 1402 kilometres linking Lagos in the West with Calabar in the East; a project that is expected to be financed with 12 billion U.S Dollars Chinese loan and which will create about 200,000 jobs.” You want an infrastructural loan from China to tune of $12bn dollars. What would you think China will ask for in return? 1 Like |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by Demmocrats(m): 7:21am On Dec 03, 2015 |
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Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by baralatie(m): 7:22am On Dec 03, 2015 |
kITATITA:Someone who truncated the same contracts? |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by Standing5(m): 7:24am On Dec 03, 2015 |
kITATITA:Everybody who can fustrate these kind of projects wants to insert their own share into the project cost and they end up fustrating it. It ends up being a money sharing avenue. 1 Like |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by cele360: 7:27am On Dec 03, 2015 |
d northerners keep on maginalizing d east, d rail will go from calarba to lagos and from lagos again to d north what about d east? |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by JingoOAU(m): 7:29am On Dec 03, 2015 |
Nigerians and bad belle The president travelled...they say he's juncketing all over without any tangible reasons Now his purpose and mission to south Africa has been enumerated for all to be aware of, yet some people are still criticising him that the loan is too much Was it not GEJ who went to China to borrow money to finance Kaduna-Abuja rail project with LOCOMOTIVE COACHES when other other countries who went for same loan were making use of modern fast railway coaches |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by StOla: 7:32am On Dec 03, 2015 |
igraman: Is he going for a picnic? 1 Like |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by baralatie(m): 7:32am On Dec 03, 2015 |
JingoOAU:And the same PMB that truncated the rail contracts is going back to beg China to fund the same contracts 100%.what do you think will be the conditions from china |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by kettykin: 7:32am On Dec 03, 2015 |
Why the fraud Lagos calabar railway while all that is needed to resolve the Lagos congestion is a deep sea port in calabar, which would be cheaper than the rail line project. |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by kettykin: 7:33am On Dec 03, 2015 |
Why the fraudulent Lagos calabar railway while all that is needed to resolve the Lagos congestion is a deep sea port in calabar, which would be cheaper than the rail line project. |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by koladebrainiac(m): 7:33am On Dec 03, 2015 |
Nice one |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by Generalkorex(m): 7:34am On Dec 03, 2015 |
Thank God he going for sumtin meaningful dis time |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by PassingShot(m): 7:40am On Dec 03, 2015 |
baralatie:The interests that comes with the loan. It also brings more influential capacity to China in future dealings involving Nigeria where China has interests. China, by providing the loan can also deepen her strategic partnership in Africa and also be able to export some of her technologies to Africa's largest population. |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by baralatie(m): 7:41am On Dec 03, 2015 |
kettykin:A deep sea port for calabar in place of a rail! Hmmmmm! You have a very strong pointpoint "The chicken or the eggs,which comes first" |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by PassingShot(m): 7:43am On Dec 03, 2015 |
kettykin:This question is weird. Are you saying that having a deep sea port in Calabar means that transporting/commuting between Lagos and Calabar will cease? Or that having a rail line linking both cities automatically makes having a deep sea port in Calabar becomes unviable? Chai, there is God ooooo. 1 Like |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by baralatie(m): 7:45am On Dec 03, 2015 |
PassingShot:You are dodging the question! What is China going to ask Nigeria in return for giving her 100% financing of her infrastructural loan. The Chinese govt will not give you cash.it will channel $20bn through its own economy. What does she want in return? 1 Like |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by baralatie(m): 7:50am On Dec 03, 2015 |
PassingShot:Well it does not matter anyway! Mr president is in a tight corner and needs this infrastructural loan! Gej started it and PMB will obviously want to see its continuation. But 100% and a 1982 abandoned project is out of reach! China will soften its stance and continue its last projects! I hope it falls tthrough Nigeria needs those rails very fast! |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by kaypound(m): 7:57am On Dec 03, 2015 |
More power to your elbow sir.... Long live the president of Nigeria Long live Nigeria 2 Likes |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by PassingShot(m): 8:00am On Dec 03, 2015 |
baralatie:It's not "giving" as in gift. It's loan with interest. 1 Like |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by igraman(m): 8:03am On Dec 03, 2015 |
StOla:Ask Sahara reporters ..okay ? |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by Nobody: 8:06am On Dec 03, 2015 |
I'll love Nigerians to follow though on this project initiative and objectively discuss its gains, pros and cons with respect to loans etc It's one of the laudable projects that is required for our national development if diligently executed. Lets build our nation together for ourselves and our children. |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by ANBAKO: 8:07am On Dec 03, 2015 |
This is a laudable one if it sees the light of day. 3000MW will definitely boost power production but will not solely solve the problem. There is need to address issues of transmission and remove monopoly by DISCOS by opening up the market. There is also need to overhaul NERC and replace Sam Amadi immediately. The East-west coastal rail with seriously reduce pressure from our roads, make them last longer, reduce traffic jam and mostly safer. Even if it can only remove all Dangote truck from Nigerian roads. Do good for good to come your way |
Re: Buhari To Negotiate Lagos-Calabar Coastal Railway and 3GW Mambilla Power Plant by Nobody: 8:26am On Dec 03, 2015 |
The abandoned Lagos-Kano Rail will also be re-negotiated. Like the poster above me said; I hope these projects see the light of the day. Lets wait and see what the Chinese president says. We need such modern rails (hopefully speed trains) with stopover on every major city along its path. |
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