The is a very absurd and outrageous price. U will only see a project worth less than a quarter of that price. Is it light railway like the one in Japan they want to do. SMH for this nation.

AND NO SOUTH EASTERN STATE ON THE PLAN.
BRING ON BIAFRA ASAP

My question is are we so poor we can't finance a project 100%? How about the billions they make from crude oil sales? Someone should give me answers oh.

MobilityExpress:
$3.9b for how many kilometers of rail? Las las, na 1996 second hand train dey will still buy on top. Too much scam for this country. They have turned rail projects to another cash cow. Otherwise with $3.9b they should be able to build rails for the whole North

That's exactly my thought. This is a line within just the same district obviously not more 100km but the country is going to face a loan repayment for a whole 30 years! So what happens when it comes to longer routes of 1,000km.

Did China took this path to develop their own infrastructure? Nigeria is being sold to China unknownly, until we internalize our infrastructure development, we are going no where.

so we dont own the assets until after 30 years?

Blue3k:


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.

Keep dreaming. Udom will still leave in 4 years with a single thing done on the seaport.

How many times are we going to keep awarded chinese railway contracts?

rottennaija:


Keep dreaming. Udom will still leave in 4 years with a single thing done on the seaport.

Thanks for your opinion comeback when you have facts. Federal bureaucracy is slowing the project down according to the state. After they give final approvals construction begins.

You should read up the the cross river super highway and bakkasi seaport before giving unfounded opinions. If FG doesn't buy in the project is dead.

nereiskc:
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.....

Please explain what you mean by diplomatic waiver for the contracting company.

Dreal1247:
I'm really afraid of business dealings with China. I'm not sure if Nigeria will survive all these business dealings with China. They cut your nose to spite your face.

must of the contract is based on borrowing from China exim bank this is the part they wouldn't tell you,almost all sub Sahara Africa are engaging in this dangerous trend of borrowing from China to develop there infrastructure and what they are using as collateral is there asset if after the time of repayment come and there unable to pay China would simply seize the asset ,U.S has warn Africa not to sell there soul to China in the name of infrastructure development but sub Sahara Africa took the warning with levity,Why do people think Trump is fight China on trade tariff, China can not be trusted the Caucasian white seem to more trustable than China

Realdeals:
Did China took this path to develop their own infrastructure? Nigeria is being sold to China unknownly, until we internalize our infrastructure development, we are going no where.

It is 2ist century Chinese colonisation of sleeping Africans.Like magic.

$3.9 billion in Naira na how much ?

see money wey them just thief !

Realdeals:
Did China took this path to develop their own infrastructure? Nigeria is being sold to China unknownly, until we internalize our infrastructure development, we are going no where.

Very good question. The Chinese had plan and followed that over the years. The plan was anchored on using their human capital and internal resources and in the process have developed their own technology. This is the problem with black African countries, failure to mobilize internal resources due to unstable politics and policies, all emanating from poor leadership. Africa is always looking for easy way out therefore creating future problems. I have always advocated for internalizing our development, so that our people can develop technological know-how and competencies. Have they made public the actual contract papers? Like you said, we are going nowhere with the current model and China may will use these various contract against Nigeria in the future.

Don't we have local indigenous construction companies and engineers for this project?

Why must it always be the Chinese? China is actively taking over this zoo called Nigeria!

Oma307:
they should sell Nigeria to China

Sure they will mangae her well..a like for this

Seriousness:
[s]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)[/s]

Honestly no sense I this write up...pls it is not by force to comment..

Oops I cancelled it

meekah:
must of the contract is based on borrowing from China exim bank this is the part they wouldn't tell you,almost all sub Sahara Africa are engaging in this dangerous trend of borrowing from China to develop there infrastructure and what they are using as collateral is there asset if after the time of repayment come and there unable to pay China would simply seize the asset ,U.S has won Africa not to sell there soul to China in the name of infrastructure development but sub Sahara Africa took the warning with levity,Why do people think Trump is fight China on trade tariff, China can not be trusted the Caucasian white seem to more trustable than China

What were you expecting trump to say. He too wants a slice from the cake

Senudi96:
My question is are we so poor we can't finance a project 100%?
How about the billions they make from crude oil sales?
Someone should give me answers oh.

It’s like you’ve not heard about 75% of the budget goes on servicing the interest on the billions of dollars your gov’t is borrowing...coupled with the billions of dollars they have to set aside to service the greed and gluttony of the Abuja political elite, in order to maintain the tasteful millionaires lifestyle to which they and their families have become accustomed!

Do we have to borrow to execute developmental projects in Nigeria? What's happening to all the billions of dollars Nigeria derives from crude oil? Just asking honest questions.

nereiskc:
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.....

That's to show you how smart they are. Since we have utterly failed to develop our technical capacity let them have their way provided they build the much-needed infrastructure.

jahsharon:



Nigeria is too big for any country to mess with. Both countries will lose massively.

Quit lying to yourself, it will do you no good

ZombieTAMER:


With this rate China will own Nigeria in five decades time

go ask Kenyans how far

Nigeria and chinese Government self hmm, hope buhari knows what he is doing because this chinese Government are the most corrupt people in the World.

Blue3k:


Thanks for your opinion comeback when you have facts. Federal bureaucracy is slowing the project down according to the state. After they give final approvals construction begins.

You should read up the the cross river super highway and bakkasi seaport before giving unfounded opinions. If FG doesn't buy in the project is dead.

And yet, the Bakkasi seaport has gotten federal approval while Ibom deep seaport hasn't despite billions sunk into it in the name of consultants. Besides, what is Cross River state governor doing differently that Akwa Ibom state governor isn't? One has gotten federal approval while the other is a campaign talk. Isn't it the same federal bureaucracy that the cross river government has succeeded in overcoming to getting an approval?

The Ibom super highway to the Ibom deep seaport, which was started at the inception of his first time, where it is? The commissioner for works is busy speaking grammar.

When Udoms govt winds up, I'll remind you about these.

Ask the FG or the State. Cross River hasn't done anything but get business case approved. I can tell you didnt read articles about topic. The ibom super highway is a state project that already started last time I checked. Again should come with facts instead of opinions.

The cross river super highway is suposed to be 200km on top of cost of seaport. I repeat the project is dead with FG backing it financially. Its weird you dont know the same Ibom seaport is partnership between state federal and private sector just like Lekki.

rottennaija:


And yet, the Bakkasi seaport has gotten federal approval while Ibom deep seaport hasn't despite billions sunk into it in the name of consultants. Besides, what is Cross River state governor doing differently that Akwa Ibom state governor isn't? One has gotten federal approval while the other is a campaign talk. Isn't it the same federal bureaucracy that the cross river government has succeeded in overcoming to getting an approval?

The Ibom super highway to the Ibom deep seaport, which was started at the inception of his first time, where it is? The commissioner for works is busy speaking grammar.

When Udoms govt winds up, I'll remind you about these.

Blue3k:
Ask the FG or the State. Cross River hasn't done anything but get business case approved. I can tell you didnt read articles about topic. The ibom super highway is a state project that already started last time I checked. Again should come with facts instead of opinions.

The cross river super highway is suposed to be 200km on top of cost of seaport. I repeat the project is dead with FG backing it financially. Its weird you dont know the same Ibom seaport is partnership between state federal and private sector just like Lekki.

We shall talk again in the future.

SenecaTheYonger:
Literally selling this country to the Chinese.

way better than being a puppet to the WEST....

Emmasnoop:
Nigeria and chinese Government self hmm, hope buhari knows what he is doing because this chinese Government are the most corrupt people in the World.

CNN told you so abi??

Ok tell me.. Just one deal any country made with China and it was breached illegally.... Just one...

And i would count 100 that has been made with the west.... Starting with P&....

Cadec007:
way better than being a puppet to the WEST....

Because you think the EAST are more merciful right? Wait till they take over and start eating your flesh. Those guys that don't even care about human right. Tell me one good ideology to come from the EAST.

SenecaTheYonger:
Because you think the EAST are more merciful right? Wait till they take over and start eating your flesh. Those guys that don't even care about human right. Tell me one good ideology to come from the EAST.

Anti-Imperialism........ That's one good Thing...


2. The EAST would readily share Knowledge with you....unlike the WEST... you know what I mean...

3. The EAST aren't externally power hungry..... Keyword Externally

I believe by EAST you know it includes... MALAYSIA, INDIA, RUSSIA, KOREA, SINGAPORE not ONLY CHINA....

Cadec007:
Anti-Imperialism........ That's one good Thing...


2. The EAST would readily share Knowledge with you....unlike the WEST... you know what I mean...

3. The EAST aren't externally power hungry..... Keyword Externally

I believe by EAST you know it includes... MALAYSIA, INDIA, RUSSIA, KOREA, SINGAPORE not ONLY CHINA....

Lol, Anti-imperialism is also Antiwest. Is this really all u can mention about them? Not democracy or human rights, or capitalism, nothing? Just anti-human right, anti-democracy and you're happy?

Also, those countries you mentioned are shiitholes where Western countries are. Also, the East shares information? Lmfao. No country on earth, east or west will share information with you especially if it will make you better or equal to them.