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Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway - Politics - Nairaland

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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.

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“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.”

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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

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 angry

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 smiley

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:
another one to be looted, the contract will be awarded to private companies which will never do the job smiley

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:
Change the Kano-Kastina-Maradi(Niger) railway axis to this one.

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:
Kenya built a 472km railway for $3.2bn, thereby costing $9.5bn for a 1,400km rail, why is Amaechi seeking $11bn for 1,400km rail for that of Nigeria.

#endsars... end corruption..

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:
hope they won't take 10years to complete it,

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:


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.

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:


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..

Take your useless partisan self to your kind..

#endsars... #endcorruption.

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:


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.
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:


Your head no correct, lazy youth with no future ambition besides drugs, betting and Yahoo Yahoo

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:
Imagine, while we as a country can construct this road's with One Senator's monthly Salary..

Really? shocked shocked shocked
Re: Nigerian Govt Seeks $11billion Loan For Construction Of Lagos-calabar Railway by seunmsg(m): 10:39am On Oct 20, 2020
Racoon:
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.

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:


When did government start funding the Katsina-Maradi project?

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:
borrow borrow and wasteful govt

At the end no one will see what was done only virtual

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