This is what you get when you build railroad from Nigeria to Niger Republic instead of linking places with big markets.
Make una continue.

Esseite:
Personnel cost N9bn, generated N1.13bn, requesting N61b.. at a time people are avoiding the Kaduna/Abuja road route.. what happens when it's open devoid of kidnappers?

Does this even make sense?... would you run your personnel business this way?

reminds of the book we buy then at vendors .. questions boys and girls ask? Ahahaha

SocialJustice:
When it is privatised, it will run a lot more efficiently. The FG will inherit the debt. Since they know how to inflate contract cost stupidly, they will bear that burden.

I don't agree with you. True, a private company would run our rails more efficiently, still, it's a very big risk. High-speed rail is only profitable in 2 countries, Japan, and France. the problem was building them in the first place.

chaloskyx:
YOU SEE WHAT HAPPENS WHEN YOU FAIL TO DO A PROPER ECONOMIC RAIL WORK PLAN YOU WERE WASTING OUR MONEY BUILDING TRACKS TO NIGER STATE WHICH HAS NO ECONOMIC VALUE RATHER THAN CONNECTING THE SW TO THE EAST AND NORTH AT LEAST COMPANIES WHICH RELY ON TRAILERS WOULD PATRONISE YOU TO CARRY THEIR GOODS ACCROSS THE GEO POLITICAL ZONES YOU COULD ALSO HAVE CREATED DEPOS FOR OF UNLOADING CONSIGNMENT WHERE TRAILERS WOULD PICK THEM UP TO DISTRIBUTE TO COMMUNITIES FUTHER GENERATING MORE REVENUE. BUT NAA OUR POLITICIANS ARE NOT CONCERNED WITH THAT WHAT THEY WANT IS TO LAUNCH THE PROJECTS AND COLLECT THEIR OWN SHARE AS FAR AS AM CONCERNED NIGERIAS RAIL ROAD PLAN IS DEAD IN THE WATER AND IS A LIABILITY ON THE NATIONS BUDGET

Tell that to PDP

North and South west causing Nigeria problem.

When dey chop d 61 billion finish dey will sell the company to a private sector

tctrills:

I don't agree with you. True, a private company would run our rails more efficiently, still, it's a very big risk. High-speed rail is only profitable in 2 countries, Japan, and France. the problem was building them in the first place.

The fact that high speed rail is only profitable in two countries does not mean it cannot be profitable in Nigeria.

During the pandemic, almost all airlines were making losses and an airline was smart enough to convert it's plane to cargo functions at that point in time. INGENUITY

azpekuliar:
Yet another Federal Government money pit. Generated N1.1bn and wants N61bn for operational costs. Tueh!

You fell for the headline hook n sinker, this is what is there
"Okhiria said the Corporation has requested N61.5 billion as a proposal for 2022 procurement activities, which cuts across 22 budget lines.

ivolt:






I am sure you guys will be shouting wicked government if the railway corporation charges a profitable rate.
Someone has to pay for "cheap" things.

Rail is cheap. Really?

ivolt:






I am sure you guys will be shouting wicked government if the railway corporation charges a profitable rate.
Someone has to pay for "cheap" things.

You must be one of those incorruptible corruptible?

Nairaland is a breeding ground for ignorance.

Fools read:

Okhiria said the Corporation has requested N61.5 billion as a proposal for 2022 procurement activities, which cuts across 22 budget lines. These will include procurement of spare (including lubricants) for the locomotives, coaches and wagons; Insurance of locomotives and rolling stocks; rehabilitation of track from Port Harcourt to Makurdi; maintenance of roads into stators, rest houses, workshop, chalets end operational residential quarters, among others.


In addition, they are employing a 1000 more people.

Smh

I can't find one zombie on this thread.

ppogba:


The fact that high speed rail is only profitable in two countries does not mean it cannot be profitable in Nigeria.

During the pandemic, almost all airlines were making losses and an airline was smart enough to convert it's plane to cargo functions at that point in time. INGENUITY

My point remains valid; high risk. rail is bad business today. true some genius could turn it around but for now, it is a waste of money even in developed nations.

azpekuliar:
Yet another Federal Government money pit. Generated N1.1bn and wants N61bn for operational costs. Tueh!

Very unfortunate, we even borrowed to build that sinkhole. I was laughing when people were seeing it as pmb achievement. Provided it's been managed by the government, it will always be an endless pit.

They borrowed money for this trains o

tctrills:

I don't agree with you. True, a private company would run our rails more efficiently, still, it's a very big risk. High-speed rail is only profitable in 2 countries, Japan, and France. the problem was building them in the first place.

Yeah true, profitability is a major issue for private sector investors.

ivolt:






I am sure you guys will be shouting wicked government if the railway corporation charges a profitable rate.
Someone has to pay for "cheap" things.

Situation of Nigeria now we don't need to subsidizing anything now. Let them make profit, that's the goal of every business

Shey this railways got lot of the loans we got from China? Now same railways has generated 1 billion and needs 60 billion, how can they generate money to offset the loans?

We are borrowing billions to fund trains running at a loss

tctrills:

My point remains valid; high risk. rail is bad business today. true some genius could turn it around but for now, it is a waste of money even in developed nations.

Every business comes with it's own risk. Rail business is not an exception.
Thank God you agree with me that a bit of ingenuity can turn it around.
The ABJ-KAD route is a lucrative one any day. In as much as banks are getting police officers to man their branches and pay on a weekly basis, a thinking NRC management will get a workable arrangement with security forces and that route will not fail for a day!.

IBD-LAG is route is faulty in terms of pricing and station. The IBD end station is not well located. PRESENTLY at OJOO while the old station is at DUGBE. A right thinking management will reduce the fee, buy buses that transfers passangers from the closest station at OMI-ADIO and you will see that route boom on SUNDAYS, MONDAYS and FRIDAYS.

With proper control in place, the diesel and lubricant consumption will reduce by at least half when you deal with the corruption embedded in the system..

azpekuliar:
Yet another Federal Government money pit. Generated N1.1bn and wants N61bn for operational costs. Tueh!

You haven't made any point bro
What's ur point pls?
Is it that the man has inflated the figure, or you think that the figure generated is supposed to be higher?

Samunique:


Generates 1.13 billion ?

demands 61.5 billion for maintenance?

Hahahahahaha

Nigeria my country !!!

Bro,you saw it,it's incredible,yet someone with a heart could proposed such a Budget: very wicked and disastrous!
The same for most Parastatals both in Federal and States.Most of these Ministries are just money guzlars, nothing more.it is a sign of how bad things are as there is no improvement to do better and they would not like the Experts to venture in because of Corruption!

This is the summary of Nigeria. States equally demand more money but cannot point to any meaningful revenue they can generate. Everything is done with the assumption that there is excess money at federal level while the FG works with their own assumption that oil will always sell high and fast.

But how did the British manage our Railways before independence because it was expanded onto Rural Areas and Railway Workers were very well Paid

azpekuliar:
Yet another Federal Government money pit. Generated N1.1bn and wants N61bn for operational costs. Tueh!

nigeria is finished

azpekuliar:
Yet another Federal Government money pit. Generated N1.1bn and wants N61bn for operational costs. Tueh!

not only operation cost there are some projects inclusive and purchase such as new locomotives, coaches and wagons; Insurance of locomotives and rolling stocks; rehabilitation of track from Port Harcourt to Makurdi; maintenance of roads into stators, rest houses, workshop, chalets end operational residential quarters, among others.

Where's the Amaechi? Is he now tired of launching chinko rains and yeye railways upandan?!

This is no news increase the fare simple and sack all the board members thar are not remmitting the actual money to the Government.

RiceProducers:
There are project items in the N61. 5bn, not just maintenance and salaries.
Some of the N61. 5bn will yield a lot of money when spent.
The NRC has assets that may be close to N1trillion that can yield income. The FG needs to sit down and allocate the money to them after the assets are sold or commercialized.

God bless you I think you are the only person that read and understand what the man said.project like track lines, housing, purchase of new locomotives, coaches and others.and some would last long more than 50 years

azpekuliar:
Yet another Federal Government money pit. Generated N1.1bn and wants N61bn for operational costs. Tueh!

Hahahaha.... the white elephants responsible for rampaging national debts and the whole scale extinction of the Naira....
Said it countless times.

1. Government has no business in business.
2. Government has no business investing in enterprises.
3. The so called infrastructure should have ended with the rail lines and perhaps the train stations, signalling, etc just like government's involvement in air travel ends at the airports. We have seen what has happened to their airline relative to private sector participation. It will surely happen to the MASSIVE investment in the rail business.... no future.....

....And we will still be left with the unpayable debts....

Nigerians only read to react, not to comprehend.

RiceProducers:
There are project items in the N61. 5bn, not just maintenance and salaries.
Some of the N61. 5bn will yield a lot of money when spent.
The NRC has assets that may be close to N1trillion that can yield income. The FG needs to sit down and allocate the money to them after the assets are sold or commercialized.

They don't read!