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Nairaland Forum / Nairaland / General / Politics / Kaduna Secure $6 Million Loan For Light Rail And BRT Projects (16468 Views)
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Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by Morphinne: 9:43am On Dec 18, 2022 |
Ttalk:Fatality 1 Like |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by sulaak(m): 9:45am On Dec 18, 2022 |
Kyase: According to UNESCO, Kaduna's literacy rate is 29.3%; let that sink in. Health care is no better. The state does need a line railway when clean water, education, and health care are lacking. https://en.wikipedia.org/wiki/List_of_Nigerian_states_by_literacy_rate |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by sulaak(m): 9:47am On Dec 18, 2022 |
Mandate2023: According to UNESCO, Kaduna's literacy rate is 29.3%; let that sink in. Health care is no better. The state does need a line railway when clean water, education, and health care are lacking. https://en.wikipedia.org/wiki/List_of_Nigerian_states_by_literacy_rate |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by sulaak(m): 9:48am On Dec 18, 2022 |
Superwave16320: According to UNESCO, Kaduna's literacy rate is 29.3%; let that sink in. Health care is no better. The state does need a line railway when clean water, education, and health care are lacking. https://en.wikipedia.org/wiki/List_of_Nigerian_states_by_literacy_rate |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by sulaak(m): 9:48am On Dec 18, 2022 |
Adamumd: According to UNESCO, Kaduna's literacy rate is 29.3%; let that sink in. Health care is no better. The state does need a line railway when clean water, education, and health care are lacking. https://en.wikipedia.org/wiki/List_of_Nigerian_states_by_literacy_rate |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by sulaak(m): 9:48am On Dec 18, 2022 |
Adamumd: According to UNESCO, Kaduna's literacy rate is 29.3%; let that sink in. Health care is no better. The state does need a line railway when clean water, education, and health care are lacking. https://en.wikipedia.org/wiki/List_of_Nigerian_states_by_literacy_rate |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by sulaak(m): 9:52am On Dec 18, 2022 |
Reference: When the next government pulls out of the project, you will later read that the state owes the Indian company $100 million contract obligation, similar to Ajaokuta, Afram and PI&. This is what state capture looks like they tried it in South Africa but failed, but they have been very successful in Nigeria and DR Congo |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by callthefred: 9:57am On Dec 18, 2022 |
According to the French Ambassador, this is a €110m euro project but only $6m has been secured. How will the next government raise the balance?. I hope this is not a plan to have another light rail that would take 20 years to complete like we are heading for in Lagos. It's taken Lagos 16 years to complete a phase of less than 50km and the ambition of Lagos is to have like 300km. Hmmm |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by Superwave16320: 10:02am On Dec 18, 2022 |
I think Anamabra own is about 90% why ain't the fools governing Alaigbo not building rail n brt then ? After all they have developed the people finish. sulaak: 1 Like 1 Share |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by descarado: 10:04am On Dec 18, 2022 |
The North need human capital development. |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by Bigchristo: 10:16am On Dec 18, 2022 |
oyebanji44:Was it Tinubu that brought light rail projects or his successor? 1 Like |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by traihit: 10:47am On Dec 18, 2022 |
oyebanji44: Ordinary $6 million is what a whole Kaduna cannot raise within a year or two. It's laudable they're building rail and BRT, it's pathetic borrowing is seen as a norm in a country where wastage of public resources is the norm. Even the borrowing Lagos did, they can raise that money internally within a few years. But borrowed money is like stolen waters, always sweet in the mouth of the thieves. Until the next generation start battling the problems of the past compounded with the challenges of the future. |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by traihit: 10:48am On Dec 18, 2022 |
callthefred: Money that'll be stolen and you won't hear anything about it again |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by Raheeqilmaktoom: 11:05am On Dec 18, 2022 |
traihit: I think many people in Nigeria have the wrong mindset regarding loans especially of this type, but if you are an observer, you will realize that they are often better than internally generated fund. When a loan is taken, the project is structured in such a way that the govt provides a counterpart fund in % and the other institution provides a %, say govt 15% and the institution 85%, this has been the practice for most of the projects undertaken by this admin, the loan is managed by the institution which releases a % after completing an aspect of the project and it's been certified by both sides. When a loan is given, it's not just handed over in bulk to the govt to do with as it wishes. % of it is released only after a target has been met. Check from Mambilla to the rail projects being done. The only avenue for sleaze may be in connivance with the contractors in form of % and inflating th cost of certain things in the project, but given that for many ambitious project, not many politicians can hook foreign contractors unto doing their bidding, they have to resort to local contractors who are mostly political associates and fronts. Infact, project funding with loan in Nigeria is even more transparent than with govt funding with the kind of bereaucracy and politicians we have. |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by Freethinker87: 11:12am On Dec 18, 2022 |
Why can't these Governors solve the basic needs of the people first? Provide Pipe-Borne water, quality education, health facilities, a central sewage system, good roads, waste disposal systems etc. Forget about these light rail, stadiums, mega auditoriums and other white elephant projects. What can $6m do for a light rail project? Are you kidding me? USD 6 million, seriously? |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by stuffs2002: 11:23am On Dec 18, 2022 |
Adamumd: They will wail and blame other regions for the lack of development in their own regions. S/E governors are not developing S/E but S/E people will blame other regions for the lack of developmental projects in S/E |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by tegrianonigltd(m): 11:29am On Dec 18, 2022 |
oyebanji44: Come abroad and see brilliant ideas or go dubai |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by stuffs2002: 11:31am On Dec 18, 2022 |
plaindealer: This bolded is very true. SE always badmouth any good thing in other regions |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by Mandate2023: 11:32am On Dec 18, 2022 |
kenny714433: Na ur papa for house u dey call idiot no be me.....if u like come from south shit |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by stuffs2002: 11:33am On Dec 18, 2022 |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by Afamed: 11:34am On Dec 18, 2022 |
Devil1Messenger: You know the truth but you still want to sell your lies to us. Those Govt buses are with AC, Charging phone space and TV. IPOB BOYS ENOUGH OF THIS UNA LIE Where are your BRT located in the east? |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by stuffs2002: 11:43am On Dec 18, 2022 |
Perfectbeing: Very sound, concise and apt analysis. This kind of analysis would be too much IPOB and their nzogbu nzogbu mentality 1 Like |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by Perfectbeing(m): 11:48am On Dec 18, 2022 |
victorVIC1:In "sane" societies, do every car ply the BRT lanes |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by eyeforeye(m): 11:50am On Dec 18, 2022 |
kenny714433: |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by Devil1Messenger: 11:52am On Dec 18, 2022 |
Afamed: Lolz. E clear say u nor even dey Lagos. Lagos BRT get fan, tv and AC Na only charging pot dey there. Baba which state u dey? Pls come to Lagos and ask of Oshodi terminal. Go there from 5pm and see how they pack people like sardine. Choke everybody together. For u info, i be Edo boy, born and bred in Lagos. So I'm more lagosian than any of u claiming lagos that u have even been to becos we all speak yoruba together or becos ur name na adekunle |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by fortunez1(m): 12:05pm On Dec 18, 2022 |
Still borrowing just months to end of tenure and urchins are shit hailing . Looting no dey tire dem |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by kenny714433(m): 12:11pm On Dec 18, 2022 |
Mandate2023: I'm talking to both you and your illiterate mom. You guys are idiots. 1 Like |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by victorVIC1(m): 12:25pm On Dec 18, 2022 |
Perfectbeing: Can you compare the road network of the "sane societies" you are referring to to the one in Nigeria? Having gone through your previous posts on Nairaland I can see it's all politics for you. Y'all should continue with your rat race. Na na sabi. You will get no further response from me |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by Originalsly: 12:35pm On Dec 18, 2022 |
Thedon22: Isn't there other ways of making a bigger impact on transportation? Kaduna doesn't have the commuters to support a railway and bus service. Figures are always overblown ... but even if it's 100K persons per day... what old be the fare per ride to make the operation break even? ... would the 100K people be willing to pay?... or continue to use their usual transport? Money does not circulate in Kaduna as it does in Lagos... but the cost of operation is the same. Why not build a wider road network if congestion is a problem?... there is space unlike Lagos. Another misplaced priority ... thanking France for giving loan. H wouldn't France?... and India? He should come out and say the terms of the loan. He just put a weight on the heads of his people ... celebrate now ... but the harsh payback will add sufferings for yearsss to come. |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by Igboslayer: 12:42pm On Dec 18, 2022 |
oyebanji44:If only urchins can convince us with statement below. Awka started this development under OBI and he delivered it within 2 yrs…these are the reasons I will want to vote OBI as president. But instead, they tell us about one WAEC bullshit, how OBI invested in a beer parlor business, how he rejected land offer, how he got advice from a mad man on security, how he left 100B in cash while he issued checks to debtor to access the funds. |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by vanunu: 12:43pm On Dec 18, 2022 |
Passionate1: Can the people pay for it ? , Can the state maintain it?, |
Re: Kaduna Secure $6 Million Loan For Light Rail And BRT Projects by Pufpuf(m): 1:06pm On Dec 18, 2022 |
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