mrvitalis:
That's roughly $600k a month , that's roughly $7.2 million dollars a year. The project cost is around $850 million

so without maintenance , without paying anyone salary it would take 118 years to break even ......if we add salary n maintenance then you are looking at 300 years plus

850 million dollars to add 7.2 million dollars to our GDP is foolishness

With $850 million

We can give the top 10 ceramics importers $20 million each to build plants n stop importing ceramics .....this would save us $2 billion dollars yearly , plus boast GDP with over $3bn using only $200 million

Another $200million can be used to set up 10 cassava to ethanol factory giving that as loan to the biggest cassava farming unions ....we can be the biggest ethanol producer in the world ...with a potential to export over $2 billion ethanol and produce for local use also ...plus over 20,000 jobs

Same $200 million can be used to set up 10 to 20 cassava to glucose/ethanol plants ....we taking of a $70 billion dollars market we have absolutely great comparative advantage ...capture 15% of that that's over $10 billion a year industry

Rail lines are expensive luxury that never make profit we can't afford now

https://www.railway-technology.com/projects/abuja-kaduna-rail-line/

Thanks for the analysis

If you believe this then you can believe anything!

Big lie, those rail line especially from Kaduna to Abuja have been there before the coming of Buhari. He only came and commission.

Aufbauh:
No successive government since the 4th republic has done what this Buhari's Govt have done in regards to infrastructure.

Aufbauh:
No successive government since the 4th republic has done what this Buhari's Govt have done in regards to infrastructure.

For kaduna abuja train that was more than 70percent completed by Jonathan?
What infrastructures has he done that insecurity hasnt dwarf it...
Am not even talking of economic down turn and high cost of living..

Biodun556:
https://leadership.ng/abuja-kaduna-rail-line-generates-n300m-monthly-amaechi/

The Nigerian railway generates less than 1.5 billion naira yearly but needs 60 billion naira to operate. Don't be fooled by an incomplete story.

mrvitalis:
That's roughly $600k a month , that's roughly $7.2 million dollars a year. The project cost is around $850 million

so without maintenance , without paying anyone salary it would take 118 years to break even ......if we add salary n maintenance then you are looking at 300 years plus

850 million dollars to add 7.2 million dollars to our GDP is foolishness

With $850 million

We can give the top 10 ceramics importers $20 million each to build plants n stop importing ceramics .....this would save us $2 billion dollars yearly , plus boast GDP with over $3bn using only $200 million

Another $200million can be used to set up 10 cassava to ethanol factory giving that as loan to the biggest cassava farming unions ....we can be the biggest ethanol producer in the world ...with a potential to export over $2 billion ethanol and produce for local use also ...plus over 20,000 jobs

Same $200 million can be used to set up 10 to 20 cassava to glucose/ethanol plants ....we taking of a $70 billion dollars market we have absolutely great comparative advantage ...capture 15% of that that's over $10 billion a year industry

Rail lines are expensive luxury that never make profit we can't afford now

You are brilliant.

mrvitalis:

God forbid I compromise reason I would only work for my biafra ,free of charge

Patriotic citizens are what build nations why should I an igbo man be patriotic to this failed British experiment

Respect comrade!When Biafra comes we will show them the way to do it!

mrvitalis:
That's roughly $600k a month , that's roughly $7.2 million dollars a year. The project cost is around $850 million

so without maintenance , without paying anyone salary it would take 118 years to break even ......if we add salary n maintenance then you are looking at 300 years plus

850 million dollars to add 7.2 million dollars to our GDP is foolishness

With $850 million.
We can give the top 10 ceramics importers $20 million each to build plants n stop importing ceramics .....this would save us $2 billion dollars yearly , plus boast GDP with over $3bn using only $200 million

Another $200million can be used to set up 10 cassava to ethanol factory giving that as loan to the biggest cassava farming unions ....we can be the biggest ethanol producer in the world ...with a potential to export over $2 billion ethanol and produce for local use also ...plus over 20,000 jobs

Same $200 million can be used to set up 10 to 20 cassava to glucose/ethanol plants ....we taking of a $70 billion dollars market we have absolutely great comparative advantage ...capture 15% of that that's over $10 billion a year industry

Rail lines are expensive luxury that never make profit we can't afford now

Just one common nairalander has sense more than everyone in the govt...from amaechi to his oga at the top

mrvitalis:
That's roughly $600k a month , that's roughly $7.2 million dollars a year. The project cost is around $850 million

so without maintenance , without paying anyone salary it would take 118 years to break even ......if we add salary n maintenance then you are looking at 300 years plus

850 million dollars to add 7.2 million dollars to our GDP is foolishness

With $850 million

We can give the top 10 ceramics importers $20 million each to build plants n stop importing ceramics .....this would save us $2 billion dollars yearly , plus boast GDP with over $3bn using only $200 million

Another $200million can be used to set up 10 cassava to ethanol factory giving that as loan to the biggest cassava farming unions ....we can be the biggest ethanol producer in the world ...with a potential to export over $2 billion ethanol and produce for local use also ...plus over 20,000 jobs

Same $200 million can be used to set up 10 to 20 cassava to glucose/ethanol plants ....we taking of a $70 billion dollars market we have absolutely great comparative advantage ...capture 15% of that that's over $10 billion a year industry

Rail lines are expensive luxury that never make profit we can't afford now

Buhari cant comprehend this.
Zombies and bmcs will think u r doing astro-economics.
But all what u said is just the plain truth, agro is the easiest way out from this economic crises, but buhari and his 40thieves r doing the opposite.
They think npower and conditional cash transfer is a big development that has happened to nigerians since Independence..

The total cost to run the train amuch yearly?

Biodun556:


But your calculations are based on Abuja Kaduna rail alone what if Lagos Ibadan starts yielding ?

Did ur dad gave them grant to build lagos ibadan rail?
Lagos ibadan used 2.5billion dollars facility...
Even if it starts yielding, it won't compensate its repayment in the next 500years.
Worse off if security improves once a new govt comes in, then rail will be used by elites only cos no poor man will pay more to transport himself from one location to another when there r cheaper and more comfortable route.

Faiththatworks:
I read the analysis of someone about how it will take 115 years to complete the payment of the loan borrowed by Rt. Hon Ameachi, although the analysis is very sound and right,but there's an assumption that's missing.
The minister said there are plans to add 16 more trains,if and when that eventually happens,it will increase the income on the train.
Also with the removal of fuel subsidy almost certain to happen next year,there's a huge possibility the trains may just be cheaper than going on road.
God bless Nigeria

Whether they add 200 coaches to that route, it won't increase the number of people who r residence in that area.
Its only one route, kaduna to abuja...
No one will travel from uyo to abuja to kaduna because the govt added 16 coaches.

This is very stupid talk.

Haha.

Assuming you constructed it with $3bn. And you are happy making N300m monthly.

That is about $600k to $700k monthly.

How are you going to repay $3bn with accrued interest

$3,000,000,000/$650,000.

4,615 months

Or

384 years.

Amaechi, can this loan be repaid in your lifetime? And you want to build another one into Niger republic!

How long does a rail engine last in service?

Faiththatworks:
I have always wanted to make a suggestion to the Nigerian govt,I think there are some govt officials who visit Nairaland to read the opinions of Nigerians.
Please whoever has access to Gen Buhari should tell him it's time to permanently fix the issue of darkness in Nigeria.
My suggestion is very simple, Nigerians should be allowed to vote Yes or No for government to access 3 Billion Dollars from the foreign reserve to fix this issue of inadequate power supply.
If the citizens agree to allow govt access the money, Government should form a company that allows all Nigerian to have a share in the company.
The 3 Billion Dollars should be deployed to fixing the entire power chain, especially production.
If we can employ more than 100000 people to fabricate the iron pipes we need to move move the gas to all the moribund power plants,secure the pipeline right of way,build new transmission lines,send some some yoiths to mambilla to work there,and even start companies to mass produce prepaid meters,I'm sure Nigeria will be out of this mess called power shortage in a short while.
Part of the condition of removing the money is that Nigerians must have an open agreement on the pricing of the electricity.
Finally laws will be made to imprison anyone who makes any attempt to steal the money,and also another law to put a date on the ban of the importation of generators.
If Government can borrow 2.5 billion to build rails,I'm sure accesssing 3 Billion to repair the entire power sector isn't too much.
God bless Nigeria

Laws should also be made that anyone who steals d money, no counsel or barrister will be attached to him.

Train, Train, Train. Just what the government boast of which isn't it's achievement.
Jonathan could destroyed this government if he start refuting facts this government have been trowing up and down .

Biodun556:


But your calculations are based on Abuja Kaduna rail alone what if Lagos Ibadan starts yielding ?

ask him very well to add up what you are trying to is that there will be growth abi

Yet you put people through pain in the Terminals...only 30 seats for over 1200 people to sit...people look for where to sit at times on the bare ground ...No lift for elderly

Biodun556:


But your calculations are based on Abuja Kaduna rail alone what if Lagos Ibadan starts yielding ?

How much was used in constructing the Kaduna-Abuja? How much is it yielding?

Faiththatworks:
I have always wanted to make a suggestion to the Nigerian govt,I think there are some govt officials who visit Nairaland to read the opinions of Nigerians.
Please whoever has access to Gen Buhari should tell him it's time to permanently fix the issue of darkness in Nigeria.
My suggestion is very simple, Nigerians should be allowed to vote Yes or No for government to access 3 Billion Dollars from the foreign reserve to fix this issue of inadequate power supply.
If the citizens agree to allow govt access the money, Government should form a company that allows all Nigerian to have a share in the company.
The 3 Billion Dollars should be deployed to fixing the entire power chain, especially production.
If we can employ more than 100000 people to fabricate the iron pipes we need to move move the gas to all the moribund power plants,secure the pipeline right of way,build new transmission lines,send some some yoiths to mambilla to work there,and even start companies to mass produce prepaid meters,I'm sure Nigeria will be out of this mess called power shortage in a short while.
Part of the condition of removing the money is that Nigerians must have an open agreement on the pricing of the electricity.
Finally laws will be made to imprison anyone who makes any attempt to steal the money,and also another law to put a date on the ban of the importation of generators.
If Government can borrow 2.5 billion to build rails,I'm sure accesssing 3 Billion to repair the entire power sector isn't too much.
God bless Nigeria

your suggestion is a good one but someone in this country that he spend 12 billion dollars on power. And you are here talking about 3 billion. Please rest

lereinter:


https://www.railway-technology.com/projects/abuja-kaduna-rail-line/

Thanks for the analysis

before you thank him that is the profit after all salary and maintenance have been deducted

lereinter:


https://www.railway-technology.com/projects/abuja-kaduna-rail-line/

Thanks for the analysis

before you thank him that is the profit after all salary and maintenance have been deducted. Will be growth Cos people have started using rail as there best opinion to travel

mrvitalis:
That's roughly $600k a month , that's roughly $7.2 million dollars a year. The project cost is around $850 million

so without maintenance , without paying anyone salary it would take 118 years to break even ......if we add salary n maintenance then you are looking at 300 years plus

850 million dollars to add 7.2 million dollars to our GDP is foolishness

With $850 million

We can give the top 10 ceramics importers $20 million each to build plants n stop importing ceramics .....this would save us $2 billion dollars yearly , plus boast GDP with over $3bn using only $200 million

Another $200million can be used to set up 10 cassava to ethanol factory giving that as loan to the biggest cassava farming unions ....we can be the biggest ethanol producer in the world ...with a potential to export over $2 billion ethanol and produce for local use also ...plus over 20,000 jobs

Same $200 million can be used to set up 10 to 20 cassava to glucose/ethanol plants ....we taking of a $70 billion dollars market we have absolutely great comparative advantage ...capture 15% of that that's over $10 billion a year industry

Rail lines are expensive luxury that never make profit we can't afford now

300m naira monthly is the ticket rates between Abuja- Kaduna. This is a segement of a rail that will span from Apapa Port all the to Ibadan to Ilorin to Abuja to Kaduna, Kano, Katsina to Niger republic. There will be something for almost every town on that route, and you can do buisness between any of the towns and cities linked easily. Common sense should indicate that the utilization of all segments of the railway will escalate as goods originating from Ilorin can reach Jibia via this same Abuja-Kaduna segement thereby adding to the usage and returns.

When you create the ceramic factory or ethanol plant, how do you now distribute it within the country or export if you now depend on trucks that have been shown to cost more than twice compared to railway freight charges. Combining railway and truck for short pickup and delivery is still cheaper by 45% than long-distance trucking.

You enjoy the situation where China will transport the same ceramics and ethanol to our ports at cheaper price and use their advantage to decimate and destroy your beloved local production of ethanol and ceramics because you close your sense to the advantage to producers that cheaper logistics that railway will provide to ensure even the existing factories can have a fighting chance to compete with cheaper Chinese goods?

Have you spoken to existing producers and they told you the railway will be utterly useless to them?

The bulk of the 300m is coming from passenger service and i can tell you for free that by the time the railway is linked to the seaport the revenue will immediately increase by at least 10 times and will grow as our import/export volume also increase to serve an expanding economy.

Faiththatworks:
I read the analysis of someone about how it will take 115 years to complete the payment of the loan borrowed by Rt. Hon Ameachi, although the analysis is very sound and right,but there's an assumption that's missing.
The minister said there are plans to add 16 more trains,if and when that eventually happens,it will increase the income on the train.
Also with the removal of fuel subsidy almost certain to happen next year,there's a huge possibility the trains may just be cheaper than going on road.
God bless Nigeria

Wait until the railway is linked together if someone in Ibadan cannot also utilize and pay for usage of that Abuja-Kaduna segment and add to the returns of 300m from passengers mostly.

Those fake analyst are only doing this hoping it will make Buhari look stupid for investing in rails, they didn't know that the decision to start from Abuja-Kaduna with $850m was taken by their hero in 2010 and he obtained the loan. It's not entirely a bad decision, but the speed of completion needs to increase.

It's like an analyst bemoaning the money ties down when you are at the foundation or lintel level of a house, complaining that you are not having cash flow yet to justify the investment. WHy can't they be patient to complete the roofing, internal fittings, painting etc to see if the house is useless?

mrvitalis:

That one is even worse ...the economics is baseless ...Nigeria don't need rail lines now

We need to rejuvenate our productiveness first , increase revenue and GDP then build rail

Is like borrowing money to buy car then starts looking for a job and house

See human being saying that Nigeria is not ripe for railway, but South Africa, Ethiopia, Kenya, Tanzania, Uganda, Ghana is ripe.

They will travel and be sending pictures of themselves riding trains in other countries to shade and further make people at home feel depressed. That's their joy, i better pass you. They will cry for building second Niger bridge, now that it's almost completed they suddenly don't need the bridge anymore, it's railway or seaport they now want.

Just because they don't like the face of the person building it. Same railway project they used to campaign for second term for their hero.

Big lie

Jonegonu:
before you thank him that is the profit after all salary and maintenance have been deducted. Will be growth Cos people have started using rail as there best opinion to travel

And you are educated

You do economics for sch

O ma se

Biodun556:
Sai Buhari!

BAVOSKI:
And we're still borrowing when One infrastructure is giving us such amount of Money in A Month

Chai!
Because of 300m naira monthly we don't need to raise project financing of up to $5bn anymore?
It's not by force to comment if you don't understand the discussion

Ovamboland:


See human being saying that Nigeria is not ripe for railway, but South Africa, Ethiopia, Kenya, Tanzania, Uganda, Ghana is ripe.

They will travel and be sending pictures of themselves riding trains in other countries to shade and further make people at home feel depressed. That's their joy, i better pass you. They will cry for building second Niger bridge, now that it's almost completed they suddenly don't need the bridge anymore, it's railway or seaport they now want.

Just because they don't like the face of the person building it. Same railway project they used to campaign for second term for their hero.

It's not my fault your IQ is this low ...I'm sorry tho

Ovamboland:


300m naira monthly is the ticket rates between Abuja- Kaduna. This is a segement of a rail that will span from Apapa Port all the to Ibadan to Ilorin to Abuja to Kaduna, Kano, Katsina to Niger republic. There will be something for almost every town on that route, and you can do buisness between any of the towns and cities linked easily. Common sense should indicate that the utilization of all segments of the railway will escalate as goods originating from Ilorin can reach Jibia via this same Abuja-Kaduna segement thereby adding to the usage and returns.

When you create the ceramic factory or ethanol plant, how do you now distribute it within the country or export if you now depend on trucks that have been shown to cost more than twice compared to railway freight charges. Combining railway and truck for short pickup and delivery is still cheaper by 45% than long-distance trucking.

You enjoy the situation where China will transport the same ceramics and ethanol to our ports at cheaper price and use their advantage to decimate and destroy your beloved local production of ethanol and ceramics because you close your sense to the advantage to producers that cheaper logistics that railway will provide to ensure even the existing factories can have a fighting chance to compete with cheaper Chinese goods?

Have you spoken to existing producers and they told you the railway will be utterly useless to them?

The bulk of the 300m is coming from passenger service and i can tell you for free that by the time the railway is linked to the seaport the revenue will immediately increase by at least 10 times and will grow as our import/export volume also increase to serve an expanding economy.

U are just being emotional ...Abuja kaduna has little or no economic basis ...same can be achieved by trucks if the roads are fixed for far less ...

Do u buy a car with loan before looking for work or starting a business ?

Is car not important ? Why not buy car before starting business ...that's exactly what Nigeria is doing