This is what Nigeria needs: Fast trains and more trains in different places across the federation.

danduchi:
that was the reason for the lackadaisical attitude towards combating those kidnappers along the road. They could have been planned by someone in government sef

Just what I was thinking.

Really nice to hear but at this rate it would take 150 years to repay the loan of $500 million to the Exim bank of China.
Let's hope it gets better. For nowhat it's still not profitable

GEJ deserve the glory...what has Buhari offered us?

eTECTIV:
Dats becos kidnappers have successfully made d Abuja Kaduna route a no go area so d rails are now booming.. Dat has always been d plan. They are making far more than dat considering d ticket racketeering at d stations..

The kaduna highway kidnap has the hand of government in it and I’m in support. The train service was built with massive loan and without patronage, Nigeria can’t pay back the loan.


It’s a welcome development but the money is still small.

That’s about N1.2b a year. About N15b in 12years while we took a loan of about N183b.

That line is not economically viable.

Operational and maintenance cost will run over N200 million per month and at the current rate, there is zero chance that the revenue from the rail can repay its $500m loan in even 500 years. So what exactly is there to celebrate about another massive government liability?

Debaiz:


The kaduna highway kidnap has the hand of government in it and I’m in support. The train service was built with massive loan and without patronage, Nigeria can’t pay back the loan.


It’s a welcome development but the money is still small.

That’s about N1.2b a year. About N15b in 12years while we took a loan of about N183b.

That line is not economically viable.

Assuming the N100m/month is NET PROFIT, it would take over 100 years for it to payback the loan. But we all know the N100m can't be profit, I'd be shocked if the operational and maintenance costs dont swallow the entire N100m. The rail just appears to be another govt liability for which operational and maintenance and loan repaynent cost would still have to be taken from oil revenue.

where is the money

eTECTIV:
Dats becos kidnappers have successfully made d Abuja Kaduna route a no go area so d rails are now booming.. Dat has always been d plan. They are making far more than dat considering d ticket racketeering at d stations..

Is there a link between the kidnappers and Nigerian railway?

Railway is the safest transportation known to mankind. We need more tracks in Nigeria to reduce human costs resulted from road accidents.

Debaiz:


The kaduna highway kidnap has the hand of government in it and I’m in support. The train service was built with massive loan and without patronage, Nigeria can’t pay back the loan.


It’s a welcome development but the money is still small.

That’s about N1.2b a year. About N15b in 12years while we took a loan of about N183b.

That line is not economically viable.

They are making far more than dat.. Jus ask anyone who uses d rail or take ur tym to visit d kubwa station to buy ticket den U'll understand

That is one of the quintessential GEJ/PDP projects. All hail GEJ/PDP for the foresight to construction the rail between Abuja and Kaduna! See how useful it is now both monetary wise and ferrying passengers. Learnt it has been hijacked by the novae rich. Poor passengers the train is meant for has been dislodged.

Wantedmiller:
Nigeria my country.

A work in progress!

Ask what the total cost per month is first

Why then can't they reduce fuel price since the trains are now functioning properly and generating huge cash. Rubbish people.

I think the fg have a hand in the banditry on abuja-kaduna road.

For lying so foolishly and stupidly this director will reap his rewards both here on earth and hereafter. This is a train project that started well over 10 years ago.

Journalist can lie with fake pics for caption, see the real pic of the train here.

eTECTIV:


They are making far more than dat.. Jus ask anyone who uses d rail or take ur tym to visit d kubwa station to buy ticket den U'll understand

Na me u dey tell that one. No be nigeria we gather dey again.


Until they start the e ticketing or they outsource the ticketing at a discount(Sell the tickets to third parties with a N10 profit for the third party on each ticket).

I work with the Chinese company in charge of the train station at Rigasa, I can vividly tell u that they are making 5x of that money he mentioned. Train comes from abuja to Kaduna 3 - 4x a day, same as the one going from Kaduna to Abuja. Each train is said to convey minimum of 500 passengers, lets assume the transport fee is 2500 (remember VIP is almost 5k). Means 500passenger x 2500naira fee = 1, 250, 000 for a journey and 6 - 8 journey occur a day both to and fro. That is, 1, 250, 000 x 6 = 7, 500, 000 for a day. Now for a month, means 7, 500, 000 x 30/31 days = 225, 000, 000/232, 500, 000 per month. U can calculate yourself and tell me if am wrong pls.

Cool money.

Dagger111:
I work with the Chinese company in charge of the train station at Rigasa, I can vividly tell u that they are making 5x of that money he mentioned. Train comes from abuja to Kaduna 3 - 4x a day, same as the one going from Kaduna to Abuja. Each train is said to convey minimum of 500 passengers, lets assume the transport fee is 2500 (remember VIP is almost 5k). Means 500passenger x 2500naira fee = 1, 250, 000 for a journey and 6 - 8 journey occur a day both to and fro. That is, 1, 250, 000 x 6 = 7, 500, 000 for a day. Now for a month, means 7, 500, 000 x 30/31 days = 225, 000, 000/232, 500, 000 per month. U can calculate yourself and tell me if am wrong pls.

Is the fare N2500? I remember the fare announced was somewhere between N600 - N900 when that route was launched.

vinceobe:
That is one of the quintessential GEJ/PDP projects. All hail GEJ/PDP for the foresight to construction the rail between Abuja and Kaduna! See how useful it is now both monetary wise and ferrying passengers. Learnt it has been hijacked by the novae rich. Poor passengers the train is meant for has been dislodged.

Where do people even get this impression from that trains are meant for the poor? Could this idea be from places like India and Bangladesh where we see pictures of overcrowded dirty trains with people sitting on the roof?

Trains are faster, safer, more secure, more comfortable and more luxurious. In every developed country I've been to, train fares are well more expensive than buses; in the UK for instance, train fares are even more expensive than flights on several routes. So why exactly do many people just harbour this idea that trains should be cheaper than road for passenger transport?

obailala:
Is the fare N2500? I remember the fare announced was somewhere between N600 - N900 when that route was launched.

No o, it's now approximately 2k

Dagger111:



No o, it's now approximately 2k

Is that the official price or just the blackmarket agbero price? Because we all know how these things always work upside down in Nigeria.

But some people prefer banana than infrastructures like this.

Why can't the govt try Abuja Onitsha or Lagos Onitsha...Let's see how much they'll generate monthly

obailala:
Is that the official price or just the blackmarket agbero price? Because we all know how these things always work upside down in Nigeria.

Official sir