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Nairaland Forum / Nairaland / General / Politics / Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly (9337 Views)
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Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by zionstaar75: 10:32am On Dec 20, 2021 |
mrvitalis:u are not making sense.so u prefer we use it to buy bra like deziani abi?which top country in d world do u know that is without rail transport?be amplifying ur ignorance here 1 Like |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by mrvitalis(m): 10:34am On Dec 20, 2021 |
zionstaar75:USA the world biggest economy ....what's your point now ,? |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by Ovamboland(m): 10:34am On Dec 20, 2021 |
Damaski: WE are paying back Chinese loans that are due, $500m Abuja-Kaduna rail loan has been paid to the tune of almost $170m, the rest will be liquidated in the coming years. Payment for Lagos-Ibadan will be due to start in 2024, by then we would have enjoyed and utilized the railway for 3 years and saved money to start repayment. 1 Like |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by Ovamboland(m): 10:39am On Dec 20, 2021 |
tctrills: False, 60bn request was mainly for capital projects, it was never mostly operating cost 1 Like |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by mrvitalis(m): 10:41am On Dec 20, 2021 |
Faiththatworks:LMAO ...Bros abeg this is very fun |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by Ovamboland(m): 10:43am On Dec 20, 2021 |
poiZon: Maybe he should have added that we don't need roads and highways, when there are millions of heads legs to carry the products to the consuming areas. Afterall the roads don't generate enough toll/cash to justify the investments we put into them. The guy doesn't know what he s talking about 1 Like |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by pricklewane: 10:45am On Dec 20, 2021 |
Amazing mathematics. Now can you calculate for us why the pdp you supported never tried this your formula in 16 years it ruined Nigeria. Have you also compared this type of analysis in the $12 billion Obasanjo spent to create more darkness in Nigeria. Invariably Buhari should have abadoned the 70% completed train like your fellow fools from the pdp claim so the loan is not repaid till China take over the train ba. ?; mrvitalis: 2 Likes |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by CoolAmbience(m): 10:47am On Dec 20, 2021 |
3gpvids: Lagos, Warri, Ibadan etc, na North? Abi you no say the railway go pass through Southwest states before e go reach Kano? 2 Likes |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by Ovamboland(m): 10:48am On Dec 20, 2021 |
AlhajiBitcoin: See Agbero analysis, based on huge dose of crass ignorance. You are smarter than the dozens of countries investing in railway networks, even that USA about to invest $1 trillion in infrastructure with railway a large part, or than those investing billions to acquire and improve railway technology that you easiy say is useless 1 Like |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by sleekman(m): 10:48am On Dec 20, 2021 |
$1trillion won't solve 9jas electricity problem. Our problems stem from our inability to get criminal cases heard, tried and sentences given promptly. Once the courts work effectively even our lawmakers and those in govt will sit up. Slow and lack of dispensation of justice is Nigeria's problem. People are stealing electricity, discos are robbing customers, gencos are short-changed simply because the discos don't want to take up all the power from the gencos. Faiththatworks: |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by pricklewane: 10:49am On Dec 20, 2021 |
You are not wise. [quote author=jidemojola post=108655210][/quote] |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by tctrills: 10:50am On Dec 20, 2021 |
Ovamboland:No brother, go back and read again. We are actually trying to borrow $2billion to build kano to Niger that's over N1 trillion so that money isn't for capital projects but to run your rails ok |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by Ovamboland(m): 10:50am On Dec 20, 2021 |
DubaiLandLord: How much was used to construct the roads you drive on daily, how much is it yielding? 1 Like |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by Nobody: 10:54am On Dec 20, 2021 |
Ovamboland:Senseless question |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by Ovamboland(m): 11:02am On Dec 20, 2021 |
mrvitalis: Nigeria is not looking for how to utilize the rails or lack the means to pay the cost, the need is already existing. There are already thousands of businesses and millions of commuters who need this service. Can you honestly say you're not aware this Abuja-Kaduna segment and other segments will all be linked to the Apapa/Tin Can seaport to facilitate import/export and local distribution? Show any study or peer review research that shows that long-distance trucking is cheaper than railway freight Answer these questions if your IQ can carry it Is Abuja-Kaduna a standalone project that someone in Abeokuta/Ilorin will not get to use for business and travel in a few years? Will the cash returns remain at 300m forever and service only passengers around Abuja- Kaduna for its 100 years plus of useful life? |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by Ovamboland(m): 11:08am On Dec 20, 2021 |
tctrills: Read the details of the request from NRC and come back |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by AfonjaConehead: 11:10am On Dec 20, 2021 |
Ovamboland:
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Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by Ovamboland(m): 11:11am On Dec 20, 2021 |
DubaiLandLord: So how sensible is asking for how much railway is generating? is railway not another means of transport in the category of roads or even waterways? Why are people not asking about cash returns on investment for these other means of transport? Now you see your question is not sensible |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by Ovamboland(m): 11:27am On Dec 20, 2021 |
mrvitalis: USA has rails crisscrossing from East coast to west coast, north an south. I have seen this with my own eyes, railway wagons with up to a hundred double-stacked containers, and comfortable passenger service |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by donbrowser(m): 11:28am On Dec 20, 2021 |
Faiththatworks: Adding 16 more trains means adding more debts. Did he say the funds for the other 16 are available now? 1 Like |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by mrvitalis(m): 11:35am On Dec 20, 2021 |
Ovamboland:And 80% of their containers n goods are moved by trucks or sea ...u think u know better ? We already have locomotive trains which are idea for goods ...we just don't need expensive speed trains |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by AfonjaConehead: 11:48am On Dec 20, 2021 |
Ovamboland:
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Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by zomoears(m): 11:53am On Dec 20, 2021 |
mrvitalis: Currently the locomotive trains that are meant to ferry goods across the country are non functional or have limited coverage. Lagos Ibadan corridor for instance, if activated for cargo, will help Lagos roads and traffic situation a lot! The east-west corridor is also needed to connect with Ibadan with the south for a more expansive network. One train haulage can evacuate 9million liters of fuel from Dangote refinery to serve the north and the rest of Nigeria for a week plus. You currently need more than 250 different trucks to achieve the feat of one train haulage. Imagine the impact on our highways! 1 Like |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by Ovamboland(m): 12:14pm On Dec 20, 2021 |
mrvitalis: Railway cannot reach everywhere and factory or house, trucks are still needed for short distance delivery from train station to destination to the next town without rail service. This intermodal transport has been proven to shave 40-45% off transport cost. Our narrow gauge colonial locomotives are too slow and aging and need to be modernized. You have not confessed why you oppose railway modernization while small African countries are commissioning rail lines and growing their economies even developed countries are investing heavily in railway every year but you bellyache over Nigeria finally waking up to improve transportation sector we all know is a weak point in our economy. 1 Like |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by joeyfire(m): 12:34pm On Dec 20, 2021 |
This is a very unviable project compared to the billions of dollars this FG is borrowing up and down. Upon all this borrowing, the railway workers are almost starving to death. Amaechi is a walking disaster abeg 1 Like |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by lekside11: 12:45pm On Dec 20, 2021 |
mrvitalis: You absolutely right. The financial model for rail project were entirely wrong and there no way Nigeria can pay back the loans in 100 years. A serious govt would applied a PPP model for the rail projects. In this way, the Country will not indebted to no one. Amaechi is clever by half. He deliberately failed to mention how much they spend from the #300 million for maintenance and other overhead cost. And they had to even take from the #300 million to support the running of Lagos-Ibadan rail. At the end of the day the Country will not be able to repay the loans. Buhari has only been able to pay interest on the loans and not paid a dime on the capital. |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by MT: 12:49pm On Dec 20, 2021 |
Buhari administration starts a major revolution in Nigeria. Building infrastructure. No country can be great without it. The direction is set. If all previous administrations have been building infrastructure and fighting corruption, the country would have been in a better shape. Remember, Buhari jailed governors from his own party. Tell me the previous president that has done that. I am typing this from inside Lagos-Ibadan train. No hassle, seamless, air conditioning in top notch you will need to use a blanket. We are getting there, albeit slowly. 2 Likes |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by nedekid: 1:01pm On Dec 20, 2021 |
mrvitalis:Well said. Just as I thought. Pardon my saying. This is what makes the difference in governance between a government pikin and an educated, exposed, experienced successful entrepreneur running government. This is why buhari regime will give all the excuses for failure but given the same circumstances another person would have made a success! The analogy you gave above is what someone like Peter Obi, fola adeola, Tony elumelu, adesina would have done, compared to an amechi, fashola etc. |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by helicoptarr: 1:12pm On Dec 20, 2021 |
Imagine how much Nigeria would be generating if all the major cities were connected by rail. NIGERIA IS NOT BROKE! 1 Like |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by nedekid: 1:15pm On Dec 20, 2021 |
MT:See, nobody says trains are bad. The issue is that the debt added to gdp is not worth it. The trains could have been built with PPP. The income generated by that train cannot maintain it, much more pay the worker or the loan debt. Read that guys analogy of giving $20m each to ceramic importers to set up factories or to cassava unions. With less than 10% of the cost train line you generate industries, add to gdp, earn fx etc. Anyway that is the difference with having a civil servant or government pickin in power vs a seasoned businessman. |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by nedekid: 1:20pm On Dec 20, 2021 |
mrvitalis:Pls ignore that fellow, you guys are not operating of the same cranial capacity. He is sitted on the kiddies chair. |
Re: Amaechi: Abuja-Kaduna Rail Line Generates ₦300 Million Monthly by Ovamboland(m): 1:25pm On Dec 20, 2021 |
nedekid: Have you asked why most of tge industries supported with funds in the past have failed? One major reason is lack of good logistics to receive raw material and distribute their products locally and for export. The railway will help to solve one the puzzles. other pieces coming up are power. That guy is only advocation fetching water into the same basket that has led to the longest list of abandoned projects and factories that will ssold to religous orgnaization 1 Like |
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