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Abuja-kaduna Rail Line Now Generate N1m Daily- Amaechi - Politics - Nairaland

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Nigerian Soldier Reacts To Boko Haram Getting N1m Daily & Soldiers Getting N1000 / Amaechi Signs Agreement With CCECC For Implementation Of Lagos/kaduna Rail Line / President Buhari Commissions Locomotives & Coaches For Abuja-Kaduna Rail Service (2) (3) (4)

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Abuja-kaduna Rail Line Now Generate N1m Daily- Amaechi by lamzybaby: 12:41pm On Aug 08, 2017
The Abuja to Kaduna rail line now generates one million Naira daily, Minister of Transportation Mr Rotimi Amaechi disclosed.

In an interview with our reporter on Tuesday in Benin, Amaechi said that the feat was because of the increase in passengers that patronise the rail.




Read more: http://nigerianpilot.com/abuja-kaduna-rail-line-now-generate-n1m-daily-amaechi/
Re: Abuja-kaduna Rail Line Now Generate N1m Daily- Amaechi by ojun50(m): 12:44pm On Aug 08, 2017
Finance minister should come nd tell us if this is true
Re: Abuja-kaduna Rail Line Now Generate N1m Daily- Amaechi by nosiebaba(m): 12:48pm On Aug 08, 2017
It's a good development of this is true.. We hope the revenue will increase. Only a mind blind man won't see the need for developing alternative sources of transportation in the country.
Re: Abuja-kaduna Rail Line Now Generate N1m Daily- Amaechi by Nobody: 12:57pm On Aug 08, 2017
ojun50:
Finance minister should come nd tell us if this is true

You don't trust him?
Re: Abuja-kaduna Rail Line Now Generate N1m Daily- Amaechi by yarimo(m): 1:02pm On Aug 08, 2017
AMEACHI and hard working are like 5 and 6

Re: Abuja-kaduna Rail Line Now Generate N1m Daily- Amaechi by Nobody: 1:03pm On Aug 08, 2017
lamzybaby:
The Abuja to Kaduna rail line now generates one million Naira daily, Minister of Transportation Mr Rotimi Amaechi disclosed.

In an interview with our reporter on Tuesday in Benin, Amaechi said that the feat was because of the increase in passengers that patronise the rail.




Read more: http://nigerianpilot.com/abuja-kaduna-rail-line-now-generate-n1m-daily-amaechi/

Re: Abuja-kaduna Rail Line Now Generate N1m Daily- Amaechi by Young03(m): 1:07pm On Aug 08, 2017
1m na money?
Re: Abuja-kaduna Rail Line Now Generate N1m Daily- Amaechi by ojun50(m): 1:25pm On Aug 08, 2017
zurich1010:


You don't trust him?
trust Apc bro na one chance government be dis oh
Re: Abuja-kaduna Rail Line Now Generate N1m Daily- Amaechi by oduastates: 2:09pm On Aug 08, 2017
How much does it cost to operate the train
N1 million only . Less than $4000.
This is the problem with Nigeria.
Profitability and self sustainance is never considered when projects are being selected .
This project will continue to require spending from the federal budget to continue operating .
Better ,more populous and profitable routes were neglected for this route

1 Like

Re: Abuja-kaduna Rail Line Now Generate N1m Daily- Amaechi by richidinho(m): 2:19pm On Aug 08, 2017
Godbless GEJ

1 Like

Re: Abuja-kaduna Rail Line Now Generate N1m Daily- Amaechi by citizenY(m): 2:26pm On Aug 08, 2017
oduastates:
How much does it cost to operate the train
N1 million only . Less than $4000.
This is the problem with Nigeria.
Profitability and self sustainance is never considered when projects are being selected .
This project will continue to require spending from the federal budget to continue operating .
Better ,more populous and profitable routes were neglected for this route


I want to see the business plan. If they are raking in N1m per day and therefore N30m per month, what is the ROI.
There should be no depressing stories please.
Re: Abuja-kaduna Rail Line Now Generate N1m Daily- Amaechi by Saifullah01: 2:35pm On Aug 08, 2017
I think its more.

There are 4 economy coaches and 1 first class coach. Each coach has an average of 95 seats. The conomy fare is 1,000 and first class goes for 1,500. The train does 4 trips daily.

If you do the maths that adds up to like a yearly turnover of over 600,000,000 naira (around $2,000,000).

Although the cost of the project is estimated to be $876,000,000, if the rail system is completed to Kano and more coaches/trips are added that should bolster the turnover estimates.
Re: Abuja-kaduna Rail Line Now Generate N1m Daily- Amaechi by Nobody: 3:27pm On Aug 08, 2017
But where is lalasticlala sef grin

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