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OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% - Politics - Nairaland

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OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by pol23: 11:50am On Dec 28, 2023
I read the thread on the cost of servicing railway loan.
Even though I’m part of the people that enjoy the Lagos to ibadan route, I’ve always criticize it because it’s economically unintelligent.
But Nigeria government only cares about counting cheap scores.
I’ve always maintained that buying a new train carriage with AC and new engine to ply the earlier narrow train track is better… due to financial implications.

To those people saying it would’ve been better if they connect Lagos to SE.
First - they will 8 times the budget to that, where will they get such loan?
What can be done is say connect Rivers to Cross rivers or connect Delta to Anambra… 2 Neigboring States.I know you will come here to say you people have money, but trust me it will be as sad as Kano - Kaduna.
There is no 2 Eastern Nigeria state that could generate half the penny they are making on Lagos - Ibadan..... Even the Lagos - Ibadan happens to be total waste.
The concept of government officials embarking on this kind of project should be checked.
They only care about political ego not what's best for the country.
The former Eboyin Governor built Airport and stadium... This are example of waste... What's the essence of Airport in Eboyin? What that state needs is a airstrip that could be use to land plane once in blue moon.
Fayemi built Cargo airport in Ekiti... If any state in Nigeria can successfully run Cargo airport, it will be either Lagos or maybe Anambra.
Common airport can not be successful in Ekiti, even the Airport in Akure is 98% useless.
But because we keep cheering them out of sentiment makes them continue this kind of projects.
Even Ambode built a $72m bus park in Oshodi, head should roll for that nonsense.
We need to hold this people accountable based on what's needed... I can not be hungry then you're taking me to saloon for a haircut...
E no dey add up.
We need someone that could intentionally create wealth... That's why I will always love Donald Duke and he will forever remain my number 1 politician.

4 Likes 1 Share

Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by BossGerald: 12:02pm On Dec 28, 2023
You ended writing nonsense...empty bigots like you are the reason we are stuck with Tinubu and clueless buhari today.

You believe since I can't do it,no one else can and its been killing you and the country since 2015.

Continue killing this country and heap the blame on emefiele or any igbo in tinubu govt, beta edu is there.

1 Like

Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by pol23: 12:08pm On Dec 28, 2023
BossGerald:
You ended writing nonsense...empty bigots like you are the reason we are stuck with Tinubu and clueless buhari today.

You believe since I can't do it,no one else can and its been killing you and the country since 2015.

Continue killing this country and heap the blame on emefiele or any igbo in tinubu govt, beta edu is there.
It's 2023, please be open to dialogue.
Fault what I wrote with proof.
And also stop supporting politicians because they're your brothers.
If all you could process with my opinion is “ethnic bigot” I think you should work on yourself.
See the world for what it is truly.

1 Like 1 Share

Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by BossGerald: 12:10pm On Dec 28, 2023
pol23:

It's 2023, please be open to dialogue.
Fault what I wrote with proof.
And also stop supporting politicians because they're your brothers.
If all you could process with my opinion is “ethnic bigot” I think you should work on yourself.
See the world for what it is truly.

Your problem is bigotry, what do you mean that no southeast state can generate half of lagos-ibadan train revenue since same lagos-ibadan train service is not viable?

You are saying since its a waste in your region therefore its automatically waste anywhere else since your region is what??

Don't provoke me this afternoon.

2 Likes

Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by pol23: 12:28pm On Dec 28, 2023
BossGerald:


Your problem is bigotry, what do you mean that no southeast state
Think about population in this 3 states... Because it pass through a corridor of Ogun state.
There's a reason why lagos - Ibadan is the busiest highway in Africa.
This is just about obtainable fact.
What's about either of the Nigerian tribe that makes one better?
Until we fix the country we all should cover out eyes shame.
Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by troytino: 1:30pm On Dec 28, 2023
pol23:

Think about population in this 3 states... Because it pass through a corridor of Ogun state.
There's a reason why lagos - Ibadan is the busiest highway in Africa.
This is just about obtainable fact.
What's about either of the Nigerian tribe that makes one better?
Until we fix the country we all should cover out eyes shame.

oga shut up. U think population has much to do with economic capacity and the spending power of people??
How many residents do we have in Germany as a whole?? How many do u have in the UK?? so because you think SE isnt as much as SW, so it cant outspend them in things they need??

4 Likes

Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by benardtotti(m): 1:38pm On Dec 28, 2023
pol23:
I read the thread on the cost of servicing railway loan.
Even though I’m part of the people that enjoy the Lagos to ibadan route, I’ve always criticize it because it’s economically unintelligent.
But Nigeria government only cares about counting cheap scores.
I’ve always maintained that buying a new train carriage with AC and new engine to ply the earlier narrow train track is better… due to financial implications.

To those people saying it would’ve been better if they connect Lagos to SE.
First - they will 8 times the budget to that, where will they get such loan?
What can be done is say connect Rivers to Cross rivers or connect Delta to Anambra… 2 Neigboring States.I know you will come here to say you people have money, but trust me it will be as sad as Kano - Kaduna.
There is no 2 Eastern Nigeria state that could generate half the penny they are making on Lagos - Ibadan..... Even the Lagos - Ibadan happens to be total waste.
The concept of government officials embarking on this kind of project should be checked.
They only care about political ego not what's best for the country.
The former Eboyin Governor built Airport and stadium... This are example of waste... What's the essence of Airport in Eboyin? What that state needs is a airstrip that could be use to land plane once in blue moon.
Fayemi built Cargo airport in Ekiti... If any state in Nigeria can successfully run Cargo airport, it will be either Lagos or maybe Anambra.
Common airport can not be successful in Ekiti, even the Airport in Akure is 98% useless.
But because we keep cheering them out of sentiment makes them continue this kind of projects.
Even Ambode built a $72m bus park in Oshodi, head should roll for that nonsense.
We need to hold this people accountable based on what's needed... I can not be hungry then you're taking me to saloon for a haircut...
E no dey add up.
We need someone that could intentionally create wealth... That's why I will always love Donald Duke and he will forever remain my number 1 politician.


The problem you all are having is you think the rail service was developed for passengers only , the real revenue will be generated from cargo which they have begun services about a month ago ,what is needed is political will to enforce major cargo to be transported via rail inter state rather than trucks .
Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by BeautifulMind2: 1:57pm On Dec 28, 2023
Ask your self why transportation companies own by Igbos are doing well more than any tribes in west and north both land and air, Igbos, and Southsouth don't compromise their comfort, go and check vehicle plying western and that of east, many northerners prefer to climb trailer to north than enjoy comfort, Igbos don't joke with their comfort.

6 Likes

Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by pol23: 2:26pm On Dec 28, 2023
troytino:


oga shut up. U think population has much to do with economic capacity and the spending power of people??
How many residents do we have in Germany as a whole?? How many do u have in the UK?? so because you think SE isnt as much as SW, so it cant outspend them in things they need??
Among People of the same spending capacity, population is the difference.
Unless you can come up with evidence or fact that the SE have more money than SW, or fact that Amount of business activity within SE is more than SW.
Don't fight needlessly.
Both SW and SE are poor with the exception of Lagos.
And Lagos was and will remain a federal Character.
Both Yoruba and Igbos can't successfully develop their region.
Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by BossGerald: 4:05pm On Dec 28, 2023
pol23:

Think about population in this 3 states... Because it pass through a corridor of Ogun state.
There's a reason why lagos - Ibadan is the busiest highway in Africa.
This is just about obtainable fact.
What's about either of the Nigerian tribe that makes one better?
Until we fix the country we all should cover out eyes shame.

Stop deceiving yourself.

Lagos-ibadan high way is the busiest not because it stopped at ibadan, its only because it connects to Benin then to Asaba and entire east.

Unlike the highway, the rail way that stopped in ibadan is not viable because it didn't connect to other economic cities like the high way...think about that

1 Like

Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by Ngorbungor(m): 4:21pm On Dec 28, 2023
pol23:

Among People of the same spending capacity, population is the difference.
Unless you can come up with evidence or fact that the SE have more money than SW, or fact that Amount of business activity within SE is more than SW.
Don't fight needlessly.
Both SW and SE are poor with the exception of Lagos.
And Lagos was and will remain a federal Character.
Both Yoruba and Igbos can't successfully develop their region.

Oga stop this your quack analysis please. The truths is that South East and South South have more capacity to travel with comfort than South west and north. Please don't argue with this piece of information.

Make I ask, how many South west or Northerner s fit pay 30 - 35k from Abuja to Lagos with GIG or ABC transport?

4 Likes

Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by pol23: 5:56pm On Dec 28, 2023
BossGerald:


Stop deceiving yourself.

Lagos-ibadan high way is the busiest not because it stopped at ibadan, its only because it connects to Benin then to Asaba and entire east.

Unlike the highway, the rail way that stopped in ibadan is not viable because it didn't connect to other economic cities like the high way...think about that
Yes people and goods going to different part of Nigeria made that express a busy one.
Have you heard of Panama Canal... It's just a bypass for ship to make their journey just like the Suez Canal.
They’re passage that made billions annually for their respective owners.
If the train fails on Lagos to Ibadan.
My brother I want you to agree with me that it will fail on any route within the country.
Have you asked yourself why even PH international airport is not as vibrant as Lagos local.
Ask yourself why it’s only lagos to abuja the economic air route.
We have plane going to Abuja from Ibadan… truth is they will soon stop .. different airline have tried that route over years … All of them later stop.
This is not me fighting ethnic war.
Just have your fact right.
Ibadan is not any better than PH.
Nor is Enugun any better Ogun.
They’re all the same poor state with dumb leaders.
But don’t think yours is any better.
Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by Ngorbungor(m): 6:11pm On Dec 28, 2023
pol23:

Yes people and goods going to different part of Nigeria made that express a busy one.
Have you heard of Panama Canal... It's just a bypass for ship to make their journey just like the Suez Canal.
They’re passage that made billions annually for their respective owners.
If the train fails on Lagos to Ibadan.
My brother I want you to agree with me that it will fail on any route within the country.

That's a big lie, what is the volume of trade between Lagos and Ibadan? How many businesses or transactions happens with this two state? Oga if you don't know Kano and Lagos have more and far volume of trade than Ibadan and lagos, please we are not talking about movement of civil servants here.

And don't use your failed Lagos-Ibadan train route to pass or conclude on other routes.

1 Like

Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by pol23: 7:04pm On Dec 28, 2023
Ngorbungor:


That's a big lie, what is the volume of trade between Lagos and Ibadan? How many businesses or transactions happens with this two state? Oga if you don't know Kano and Lagos have more and far volume of trade than Ibadan and lagos, please we are not talking about movement of civil servants here.

And don't use your failed Lagos-Ibadan train route to pass or conclude on other routes.
We’ve made it clear reason why this can only be neigboring state.
So, give me example of any neighboring state in SE or part of Nigeria that could do the number or economic exchange?
IMO to Anambra?
Enugun to Anambra
Kogi to Niger
Just any route with proof.
Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by BossGerald: 8:29pm On Dec 28, 2023
pol23:

Yes people and goods going to different part of Nigeria made that express a busy one.
Have you heard of Panama Canal... It's just a bypass for ship to make their journey just like the Suez Canal.
They’re passage that made billions annually for their respective owners.
If the train fails on Lagos to Ibadan.
My brother I want you to agree with me that it will fail on any route within the country.
Have you asked yourself why even PH international airport is not as vibrant as Lagos local.
Ask yourself why it’s only lagos to abuja the economic air route.
We have plane going to Abuja from Ibadan… truth is they will soon stop .. different airline have tried that route over years … All of them later stop.
This is not me fighting ethnic war.
Just have your fact right.
Ibadan is not any better than PH.
Nor is Enugun any better Ogun.
They’re all the same poor state with dumb leaders.
But don’t think yours is any better.


I stated your problem in my initial comment, go and give it a thought
Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by BossGerald: 8:31pm On Dec 28, 2023
Ngorbungor:


That's a big lie, what is the volume of trade between Lagos and Ibadan? How many businesses or transactions happens with this two state? Oga if you don't know Kano and Lagos have more and far volume of trade than Ibadan and lagos, please we are not talking about movement of civil servants here.

And don't use your failed Lagos-Ibadan train route to pass or conclude on other routes.

Tell am oo, that's the mentality they have, "if I can't do it, no one else can".

Tinubu is a case study despite his abysmal failures all round, they'll turn around and ask what will Atiku or Obi do differently.
Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by joyandfaith: 9:29pm On Dec 28, 2023
pol23:
I read the thread on the cost of servicing railway loan.
Even though I’m part of the people that enjoy the Lagos to ibadan route, I’ve always criticize it because it’s economically unintelligent.
But Nigeria government only cares about counting cheap scores.
I’ve always maintained that buying a new train carriage with AC and new engine to ply the earlier narrow train track is better… due to financial implications.

To those people saying it would’ve been better if they connect Lagos to SE.
First - they will 8 times the budget to that, where will they get such loan?
What can be done is say connect Rivers to Cross rivers or connect Delta to Anambra… 2 Neigboring States.I know you will come here to say you people have money, but trust me it will be as sad as Kano - Kaduna.
There is no 2 Eastern Nigeria state that could generate half the penny they are making on Lagos - Ibadan..... Even the Lagos - Ibadan happens to be total waste.
The concept of government officials embarking on this kind of project should be checked.
They only care about political ego not what's best for the country.
The former Eboyin Governor built Airport and stadium... This are example of waste... What's the essence of Airport in Eboyin? What that state needs is a airstrip that could be use to land plane once in blue moon.
Fayemi built Cargo airport in Ekiti... If any state in Nigeria can successfully run Cargo airport, it will be either Lagos or maybe Anambra.
Common airport can not be successful in Ekiti, even the Airport in Akure is 98% useless.
But because we keep cheering them out of sentiment makes them continue this kind of projects.
Even Ambode built a $72m bus park in Oshodi, head should roll for that nonsense.
We need to hold this people accountable based on what's needed... I can not be hungry then you're taking me to saloon for a haircut...
E no dey add up.
We need someone that could intentionally create wealth... That's why I will always love Donald Duke and he will forever remain my number 1 politician.

I agree with you. We don't need to waste money on gigantic projects with little or no economic benefit. Old train tracks should have been rehabilitated with new coaches as you mentioned.
People just need simple, low cost projects that would benefit them.
Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by joyandfaith: 9:32pm On Dec 28, 2023
BossGerald:


Stop deceiving yourself.

Lagos-ibadan high way is the busiest not because it stopped at ibadan, its only because it connects to Benin then to Asaba and entire east.

Unlike the highway, the rail way that stopped in ibadan is not viable because it didn't connect to other economic cities like the high way...think about that

Even to north.

1 Like

Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by Artscollection: 10:35pm On Dec 28, 2023
@op ask any railway staff about aba to ph route when It was active, the train was always over subscribed. They made a hell of money on that route but nepotism will not allow them do the right thing. I heard They are rehabilitating a single guaare on a busy route like that.

Talking about viability, go around all the luxury park and find out the no of people leaving and coming into lagos..
Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by Ogene001: 11:47pm On Dec 28, 2023
pol23:

We’ve made it clear reason why this can only be neigboring state.
So, give me example of any neighboring state in SE or part of Nigeria that could do the number or economic exchange?
IMO to Anambra?
Enugun to Anambra
Kogi to Niger
Just any route with proof.
Guy stop talking thrash. The only proof is to build it first and see. Remember that EEDC is the only distribution company making profits apart from the two in Lagos. Note that it's about the total revenue but profits.
Re: OPINION On Railway Debt Servicing Exceeds Revenue By 1,200% by ednut1(m): 1:28am On Dec 29, 2023
Those projects are usually to embezzle money. Umahi has built the stadium and airport which are not been used but its no longer his business and has cashed out. The people that should hold him accountable state assembly and judiciary are in bed with the politicians.

2 Likes

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