Hmm

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

Hahahaha....interesting...

Government of borrowing can't do without telling lies

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

SHUT UP!!!

YOU ARE AN IGNORAMUS

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

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

Love this analysis, even the monies he's quoting is only as high as that because of the insecurity currently ravaging that axis.

Amaechi sorry who is Amaechi again? Oh is that not the Chinese loan man? I thought he no longer in the failed cabinet.

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

rail is line is the backbone of transportational civilisation...


All this your analysis no hold water tbh

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

FYI, Amaechi said that Jonathan built the Abuja-Kaduna and other railway projects up to 80% before he and other APC people confused Nigerians with propaganda to vote him out.

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

Couldn't comprehend

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

All thanks to insecurity on that axis, the government must look for other ways to monetize the trains also, maybe paid adverts on it.

You think it's a luxury?
To me it's a necessity for the next level. For ease of doing business which wud attract investment. Once this is done and power solved then Nigeria is hot cake for investment. To achieve this it's not chicken fee or wud u say having power is also a luxury?

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

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

Beg to disagree a little.

We need cargo trains and not passenger trains.

The volume of cargo moving on our highways is unsustainable.

Try and be pay China their loans.

TeeGentle:
and where is the money?

Nice question.
N300 million monthly is N3.6 billion annually.
So indeed where is the money? Snake swallowed it perhaps in the current a-looter fashion.

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

no allow them come after u ooo

[quote author=mrvitalis post=108653450]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

This looks good if well executed.
Someone like you should be in a position to advice government about trade and investments if your nija blood won't make you to compromise.���

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

Well said.
But you see those men, they have nothing upstairs; they lack for sight. Their brains becomes active, only when it comes to looting and embezzlement.

They would have learned much more, if they read ideas like yours and many others alike here on Nairaland.

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

Sound analysis but don't forget the cost-saving benefits to commuters. That investment has no real benefit to the federal government but it provides some great short term benefits to the public.

Charmingrascal:
The only person I would vote instead of BAT or PYO is Rotimi Amaechi

state ur reasons

[quote author=jidemojola post=108655210][/quote]
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

zomoears:



Beg to disagree a little.

We need cargo trains and not passenger trains.

The volume of cargo moving on our highways is unsustainable.

Cargo trains are locomotive trains not high speed ...we already had those just maintain and buy train cars finish

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

At the initial cost or at cost of a new loan? Bros, that amount is poor for the traffic that the link generates. The entire system can be improved on through ensuring that all payments are online but the online rail payment systems currently is weak

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

It's not about it being a bad investment. It's that he greatly understated the amount. I knew immediately I saw it. Heck some private companies that are not even big names make that amount. How much more a service where a lot of people depend upon.

Then use it to pay China debts. Thanks

Favour70000:
You think it's a luxury?
To me it's a necessity for the next level. For ease of doing business which wud attract investment. Once this is done and power solved then Nigeria is hot cake for investment. To achieve this it's not chicken fee or wud u say having power is also a luxury?

Obviously u haven't been into production
I own a factory and have never and would never be connected to NEPA ..yet it's less than 1% of my production cost

Rail are good yes but not this time

The people who import what u use now do they carry it on their heads ?

Yet the train stops on the way

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

They will dash them the 16 trains

dmbb:
Buhari is an exceptional president when it comes to infrastructure, security and economy, he is the best Nigeria ever having

The way he's running nigeria, that's how your life will be ran

Having the capacity to pay loans is quite different from having the will and discipline to pay.