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

zionstaar75:
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

Damaski:
Then use it to pay China debts. Thanks

tctrills:

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.

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

poiZon:

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..

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

3gpvids:
Ph to aba short buh cool

make train reach south too

AlhajiBitcoin:
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

Ovamboland:


False, 60bn request was mainly for capital projects, it was never mostly operating cost

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

Ovamboland:


How much was used to construct the roads you drive on daily, how much is it yielding?

mrvitalis:

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

tctrills:

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

Ovamboland:


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? Coconut hd analysis

DubaiLandLord:
Senseless question

mrvitalis:

USA the world biggest economy ....what's your point now ,?

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

Ovamboland:


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

Ovamboland:


USA has rails crisscrossing from East coast to west coast, north an south.

I have been to Cotonou,Togo,Guinea Bissau, Ouagadougou they have railway wagons with up to a hundred double-stacked containers, and comfortable passenger service

mrvitalis:

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

mrvitalis:

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

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'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

MT:
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.

mrvitalis:

USA the world biggest economy ....what's your point now ,?

nedekid:

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.