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Nairaland Forum / Nairaland / General / Politics / Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway (615 Views)
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Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by iwaeda: 9:38am On Oct 20, 2020 |
Rotimi Amaechi, the Minister of Transportation has said that the Federal Government was set to apply for $11billion loan to construct Lagos-Calabar railway. Ameachi also called on the people from the South East and South South to work together to enable them foster growth in the region. The former Rivers State government stated this in a statement to newsmen on Monday during an interactive session with the South East, South South Professionals of Nigeria (SESSPN) in Lagos State. The SESSPN invited the Minister to address some concerns of the people, which included security, power, economic and social integration and representation in government. Amaechi said, “We fight a lot among ourselves. In South South and South East, we fight amongst ourselves. I’m saying this so that we can separate emotions from reality. “Today, it is not about President Muhammadu Buhari. It is about us. This administration is doing a lot, but because it is President Buhari, we pretend not to see it. “We complain about lopsided appointments. Apart from the area of security, have you checked other areas side by side? “The President will appoint someone from the South East, and people from the same region will fight against the appointment, if you are the President, how will you feel? “When we took office, the President asked us to complete all projects left by previous administrations before starting new ones. We did that and it was across all regions. “We completed Port Harcourt Airport, we are working on Enugu Airport; Enugu-Onitsha road, work is going on, no matter how slow. NEWS: Benin Prison: End SARS protests have been hijacked, many raped, killed - Philip Shaibu cries out “The second Niger Bridge in Onitsha is 48 per cent completed, and we have assured the country that by 2022 it will be completed.” On rail projects, Amaechi said “What informs my decision of choosing which rail line to construct at any point in time, is the economics of the project. “And currently, the economics show that Lagos to Kano has the capacity to move 30 million tonnes of cargo per year. I do the same analysis for Port Harcourt to Maiduguri, 11 million tonnes. We are currently doing the analysis for Lagos to Calabar to know how many tonnes of cargo can be moved there per year. So we started with the Lagos to Kano rail. “President Olusegun Obasanjo approved it, President Goodluck Jonathan started the construction by doing Abuja to Kaduna, and President Buhari told us to complete all previous projects. “Now, we are applying for a US$11-billion loan to construct Lagos to Calabar rail. There was no design for Port Harcourt-Maiduguri. We knew that the first thing to do was to commence a feasibility study, after that we did the design.” Chinese loan: Nigerians will lose if we fail to access credit facility – Amaechi Amaechi gives update on Port Harcourt-Maiduguri rail Buhari presents proposed 2021 budget, lists 2020 achievements China loans: NPA among Nigeria's collateral, North behind deal - OPC blasts Buhari, Amaechi Why Buhari is allowing us take loans - Amaechi Your questions will frustrate fresh $5.3b loan from China - Amaechi tells National Assembly https://dailypost.ng/2020/10/20/nigerian-govt-seeks-11billion-loan-for-construction-of-lagos-calabar-railway-amaechi |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by Nobody: 9:41am On Oct 20, 2020 |
Kenya built a 472km railway for $3.2bn, thereby costing $9.5bn for a 1,400km rail despite connecting three landlocked countries on same coastal lines, why is Amaechi seeking $11bn for 1,400km rail for that of Nigeria.. While kenya built at $6.4m/km, Amaechi is proposing $7.8m/km.. #endsars... end corruption.. 1 Like
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Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by iwaeda: 9:44am On Oct 20, 2020 |
Debt is synonymous with this government Gbese oni pa wa #EndSar 1 Like |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by Vikkoh(m): 9:45am On Oct 20, 2020 |
One day the Government will take loan to settle previous loans.
Naija my CORN-TREE 1 Like |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by YoonSung40: 9:47am On Oct 20, 2020 |
another one to be looted, the contract will be awarded to private companies which will never do the job 1 Like |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by MajesticKris: 9:48am On Oct 20, 2020 |
Imagine, while we as a country can construct this road's with One Senator's monthly Salary.. 1 Like |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by ican2020: 9:48am On Oct 20, 2020 |
Protest have made this government of the north and for the northerner to remember Calabar, useless idiots 11 billions dollars, do they want to construct railways lines from Nigeria to South Africa 2 Likes |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by slivertongue: 9:49am On Oct 20, 2020 |
borrow borrow and wasteful govt |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by IamWonderful: 9:50am On Oct 20, 2020 |
The money they want to steal |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by slivertongue: 9:50am On Oct 20, 2020 |
“We fight a lot among ourselves. In South South and South East, we fight amongst ourselves. I’m saying this so that we can separate emotions from reality. |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by Racoon(m): 9:52am On Oct 20, 2020 |
So how was the government about to fund the Maradi terminal project before? Change the Kano-Kastina-Maradi(Niger) railway axis to this one.The Lagos-Calabar case will be of far more economic benefit than this one. |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by slivertongue: 9:53am On Oct 20, 2020 |
“Now, we are applying for a US$11-billion loan to construct Lagos to Calabar rail. |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by naija4life247: 9:53am On Oct 20, 2020 |
YoonSung40: Like the 2nd Nigeer Bridge that your lord Goatluck Jonathan never built? Well, I can see the Lagos-Akuta-beoIbadan railway. The Lagos-Ibadan expressway, the Apapa-Oshodi-Iyana_Oworo expresssway. |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by naija4life247: 9:55am On Oct 20, 2020 |
Racoon: Go and tell Goatluck Jonaddaft that. If you don't want the Lagos-Calabar railway, just start a protest to the National Assembly and tell your representatives to vote agains it. |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by naija4life247: 9:56am On Oct 20, 2020 |
Esseite: Do the calculation nah. Are you so dumb? 472km cost $3.2bn How much should 1,400Kkm cost? Consider also that there will be very many rail bridges to be built over lakes, rivers and oceans in the South-South of Nigeria including the River Nigeri. So the simple arithmetic, lazy youth. If you don't want the railway, we will be happy to move it to the North. 3 Likes |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by ggood: 10:00am On Oct 20, 2020 |
hope they won't take 10years to complete it, |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by naija4life247: 10:02am On Oct 20, 2020 |
ggood: How many nyears did APC take to complete Lagos-Ibadan railway? |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by Nobody: 10:03am On Oct 20, 2020 |
naija4life247: You are brain dead.. do you think I wont do calculation before posting.. I wont teach you simple maths.. despite giving you example of kenyas that passed ocean coastal lines and two landlocked countries..(south Sudan & rwanda) Take your partisan self to your kind.. #endsars... #endcorruption. 2 Likes |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by naija4life247: 10:05am On Oct 20, 2020 |
Esseite: Your head no correct, lazy youth with no future ambition besides drugs, betting and Yahoo Yahoo |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by Siberia01(m): 10:09am On Oct 20, 2020 |
Esseite:ignore the aboki 1 Like |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by Nobody: 10:10am On Oct 20, 2020 |
naija4life247: You just described yourself in one sentence... as psychologists, we are trained to know your kind.. hope you have not added masturbation, depression and anxiety to your predicament.. #endsars... #endcorruption. |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by seunmsg(m): 10:36am On Oct 20, 2020 |
MajesticKris: Really? |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by seunmsg(m): 10:39am On Oct 20, 2020 |
Racoon: When did government start funding the Katsina-Maradi project? 2 Likes 2 Shares |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by iwaeda: 10:46am On Oct 20, 2020 |
seunmsg: Old men collecting unserviceable loans for supposed cerebral first class accountants/ tax consultants, Engineers to pay back |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by ijeawele23635: 11:42am On Oct 20, 2020 |
borrow borrow and wasteful govt |
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by iwaeda: 12:34pm On Oct 20, 2020 |
ijeawele23635: At the end no one will see what was done only virtual |
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