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Nairaland Forum / Nairaland / General / Politics / FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction (16013 Views)
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Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by ufotty2001: 8:43pm On Oct 10, 2019 |
When will we hear that there is on going construction of railway in the SS or SE... Rail is either abuja, SW or north.. 2 Likes 1 Share |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by Nobody: 8:43pm On Oct 10, 2019 |
Buhari sending Nigeria back to the village since 2015 ![]() 1 Like |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by Nobody: 8:44pm On Oct 10, 2019 |
Every time railway railway Abeg invest in some thing more useful and beneficial to the citizen Who railway eep Give us good road, comfortable and better road transport vehicles (instead of danfo that people will pack inside like sardine) |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by tomdon(m): 8:44pm On Oct 10, 2019 |
They keep signing useless contracts 1 Like |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by nice247(m): 8:44pm On Oct 10, 2019 |
China our new colonial master 2 Likes |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by TGMISKY(m): 8:51pm On Oct 10, 2019 |
Some people would still come and moan here. |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by Citizen0(m): 8:52pm On Oct 10, 2019 |
$3.9 billion. God!!. What's all this. Nigerians don't you people atimes ask questions. This amount is exorbitant. This human beast will leave us without money in the future. This Nigerian government are future killer. 3 Likes |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by EzekaUdenee: 8:53pm On Oct 10, 2019 |
[s] solmusdesigns:[/s] |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by mercyviv(f): 8:53pm On Oct 10, 2019 |
One thing I know about the Chinese is that they work to deliver on schedule. Good news Mr Minister. Meanwhile... Are you a teacher? Get FREE access to the best compilation of school lesson notes/plans, curriculum and exams. Visit my signature for details... 1 Like |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by kayjay69(m): 8:54pm On Oct 10, 2019 |
I was even gonna ask, what of the current port in warri? Why have 2 when the one currently there is not even been patronised? Mcreloaded: |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by adenigga(m): 8:57pm On Oct 10, 2019 |
Oma307: Colonisation in another form! Wait o! But I thought we have been producing civil engineering, mechanical engineering, electronics/electrical engineering graduates in this country, where are they? |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by madenigga(m): 8:59pm On Oct 10, 2019 |
Dreal1247:Its better the Chinese handle it, 30years is a good deal. This is what I call investment for the future, they could have stolen the money afterall does Amaechi know if him or Buhari would be alive in 30years time? But they did it for us 5 Likes 1 Share |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by Commentor: 8:59pm On Oct 10, 2019 |
Baroba: And the railway that generation would enjoy what would be their contribution to it? 1 Like |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by Commentor: 9:00pm On Oct 10, 2019 |
Citizen0: How much should it be? 1 Like |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by Studyinchina200(m): 9:02pm On Oct 10, 2019 |
Why so expensive 2 Likes 1 Share |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by Azeez532(m): 9:04pm On Oct 10, 2019 |
adenigga: Assemble them so that they can build it now, mtchew 2 Likes 1 Share |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by rottennaija(m): 9:04pm On Oct 10, 2019 |
Blue3k: Which Ibom Seaport? Have you not heard and seen that bakassi deep seaport has taken over? Forget Ibom deep seaport, Udom is never going to do it. The way I see it, it's a conduit for pocketing state money 1 Like |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by EzekaUdenee: 9:09pm On Oct 10, 2019 |
[s] Commentor:[/s] 1 Like |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by EzekaUdenee: 9:09pm On Oct 10, 2019 |
[s] Commentor:[/s] 1 Like |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by sleekman(m): 9:10pm On Oct 10, 2019 |
This contract needs probing I swear. A rail track thats already complete from Warri-Aladja to Itakpe is what they want to spend $4b on? Who will save us from this? This contract needs to be probed. 3 Likes 1 Share |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by Nobody: 9:19pm On Oct 10, 2019 |
adenigga:all those mentioned are in the banks counting money. Nigeria is not a place to market their course or profession 1 Like |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by Blue3k(m): 9:24pm On Oct 10, 2019 |
rottennaija: You dont know whst you're talking about. The FG had commited any investment Bakkasi seaport. Ibom deep seaport is partnership between state and FG. Also the Ibom already has preferred bidder. |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by nereiskc(m): 9:27pm On Oct 10, 2019 |
China will borrow you money, still be the one to do the contract with materials from China plus diplomatic waivers for the contracting company......Technically you are paying back 10 times the value and killing your economy..... 2 Likes |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by nereiskc(m): 9:28pm On Oct 10, 2019 |
China will lend you money, still be the one to do the contract with materials from China plus diplomatic waivers for the contracting company......Technically you are paying back 10 times the value and killing your economy..... 4 Likes 1 Share |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by panpan(m): 9:29pm On Oct 10, 2019 |
Itakpe, which is close to Okene, is in Kogi State. What is the distance in km from Abuja to Itakpe? If the distance is 260 km, and the cost of the railway construction is $3.9 billion, that would translate to $15 million per km. This cost is fair if it is light rail built to international standard; otherwise it is outrageous. doris00: What or who is the Special Purpose Vehicle (SPV)? Are they a group of Nigerian companies or foreign companies? Even though the expenditure is for a capital project, is it really wise to borrow 85% (10% + 75%) of $3.9 billion, which is approximately $3.3 billion, to be paid back over a period of 30 years with compound interest? 1 Like |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by tot(f): 9:33pm On Oct 10, 2019 |
Dreal1247: They are one of the most terrible people to deal with when it comes to business, very very shrewd. I hope those signing these agreements are reading all the small print carefully. |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by AK481(m): 9:38pm On Oct 10, 2019 |
Igbos are once again left out
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Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by netflicks(m): 9:39pm On Oct 10, 2019 |
ufotty2001: Truth needs to be told..thats the definition of marginalization 1 Like |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by Sirvolga(m): 9:40pm On Oct 10, 2019 |
Another generational debt ![]() Very soon they will privatize us to settle the debt,God save us ![]() |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by AK481(m): 9:41pm On Oct 10, 2019 |
nereiskc:And the money won’t be spent in Nigeria as most top staff there are Chinese .we ll pay double |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by Winning123: 9:48pm On Oct 10, 2019 |
You are rather the one who doesnt. US owes China and bighest debtor in the world. Who can threaten the US ZombieTAMER: |
Re: FG Signs $3.9bn Deal With Chinese Firm For Abuja-itakpe Railway Construction by JakesJ(m): 9:49pm On Oct 10, 2019 |
rohaan:guy has any of ur family members work under chinis people before? if no, then u've non that this idiot set of highest populated nation are looking for were to rest there prisonals on so as to punish another country.[quote author=tot post=83025076] 1 Like |
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