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Nigeria Seeks To Diversify From Oil With $41bn Of Rail by Blue3k(m): 5:05pm On Aug 16, 2017 |
Abuja - Nigeria has started a $41bn railway expansion to reduce dependence on oil and diversify its struggling economy by improving transport links to allow the movement of goods around the country and to ports. Source: https://www.bloomberg.com/news/articles/2017-08-16/nigeria-seeks-to-diversify-from-oil-with-41-billion-rail-plan Front Page: Lalasticlala 8 Likes 2 Shares |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by chymes0359(m): 5:07pm On Aug 16, 2017 |
As am looking at our minister now, it like he is wearing a garment of lies on. Although, all this billion dollars, not even naira for a train construction, is not going to be completed before 2019.. But will go a long way in providing job opportunities and reducing the monopoly of road transport system of Nigeria. It also help our roads to last long.. IFF (if and only if) all these proposed project by our minister is not a Lie.. My first FTC that made it to the front page.. And am not feeling it, because i smell LIES.. 8 Likes 1 Share |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by Tolexander: 5:07pm On Aug 16, 2017 |
Only God knows since when I've been hearing the construction of rail by our governments. 8 Likes |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by greatiyk4u(m): 5:09pm On Aug 16, 2017 |
We need results now not planning till infinity Sai Baba 1 Like |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by lonlytroy(m): 5:13pm On Aug 16, 2017 |
Lol. what a Joke 4 Likes |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by Blue3k(m): 5:23pm On Aug 16, 2017 |
Well projects are funded with Chinese debt so at least they are paid for. Now it's left to government to be smart and concession these rails to private operators. The Government let the rail capacity shink 200 times. They are not to be trusted. It is interesting they're planning to build rail network to Niger Republic first. It's odd Africa in general doesn't have much links to neighbors like say Europe does to each other. Maybe this is a play to have them patronize ports more by offering lower cost. 3 Likes |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by DickDastardLION(m): 6:25pm On Aug 16, 2017 |
very funny set of clowns .... billions billed for private pockets 5 Likes 1 Share |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by davillian(m): 6:47pm On Aug 16, 2017 |
It's like he made a mistake he meant 2090 5 Likes 1 Share |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by Abbeyme: 6:47pm On Aug 16, 2017 |
Kontinu 1 Like |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by erico2k2(m): 6:47pm On Aug 16, 2017 |
ALL THIS NA LONG STORY,ALL WE NEED IS STABLE ELECTRICITY We will do the rest, is this 2much to ask,if this money is ever borrowed nah voice mail straight. 7 Likes |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by auntysimbiat(f): 6:48pm On Aug 16, 2017 |
hmmmm |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by empressSkincare(f): 6:48pm On Aug 16, 2017 |
Nice one GET RID OF STRETCH MARKS, CHECK MY SIGNATURE. 1 Like |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by Alitair(m): 6:48pm On Aug 16, 2017 |
Amaechi please come and finish your mono-rail you started in PH first. _God I must be a politician_ 4 Likes |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by TroubleMaker47(m): 6:48pm On Aug 16, 2017 |
Wow! That's a lot of money! 1 Like |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by LordofNaija: 6:51pm On Aug 16, 2017 |
Diversification! when we are spending scarce resources prospecting for oil in borno and the rest of the Chad basin. someone with knowledge of basic geology will no that it is a fruitless venture |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by IgbotiicGirL(f): 6:52pm On Aug 16, 2017 |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by Nobody: 6:53pm On Aug 16, 2017 |
Juicy Laudable to see the resuscitation and expansion on course, However, Government superintending over capital intensive projects such as this have proven unsustainable and counterproductive, past experience was ladden with parsimonious avidity, rapacious devastation and mind boggling embezzlement, Issues of inadequacies, ineptitudness, inefficiencies,exacerbated the already aggravated pitiable situation. China is spreading her tentacles allover sub-saharan, they did wonderful job with the Ethiopian light rail, Nairobi - mombasa-nakuru line in Kenya and extending to daresalam in Tanzania, Even here, the kaduna - abuja"kubwa-rigasa" was a masterpiece, they have proven their mettle, entrusting them with more projects is not out of place, If we must diversify, we need logistics to ease transportation, especially taking loads of roads to rail tracks, To improve quicker movement of goods, and elongate the longevity and durability of roads. If only the dysfunctional ajaokuta steel complex could be recalibrated to add sauce to the pudding The General Electric concession deal to me is the magic wand,Though, I'm no paragon of clairvoyance, With all forthrightness, I forsee GE, taking the bull by the horn,With the GE manufacturing hub kicking off soon at calabar free trade zone,The future could be so bright, that we might getblinded by it. Refurbishment of coaches, maintenance of rail tracks, rolling stocks, etc Better service delivery, refrigerated coaches for agricultural supply chain. Transfering the Transportation of cargo for freight and petroleum products from our congested and overburdened roads to more safer rail tracks Once beaten twice shy, Non governmental interference will fasttrack the project, mobilization fee, consultancy fee, kickbacks and over bloated tips-bribery are cogs in the wheels of the smooth run of projects, like this our leaders should stop mortgaging our future by shortchanging us today. 4 Likes
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Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by andersonbaba(f): 6:53pm On Aug 16, 2017 |
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Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by Nobody: 6:56pm On Aug 16, 2017 |
I wonder why make this kind of comparison. Rail is a, infrastructure, oil is a natural resource. One reason for diversification is forex.. This is possible via sales of goods and services outside Nigeria. where are the incentives to strengthen the value of Naira?? 1 Like |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by Edu3Again: 6:57pm On Aug 16, 2017 |
Excuse to plunder resources from the South and take it to the North |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by zubby29(m): 6:58pm On Aug 16, 2017 |
until its Don its still campaign promise |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by SweetJoystick(m): 6:58pm On Aug 16, 2017 |
Una father |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by aku626(m): 6:59pm On Aug 16, 2017 |
I don't know if I'm the only one who has trust issues with every govt. official talking about money. I just feel there're embedded lies at every zero. It's a good development I hope they accounted for security and maintenance which we seem to lack in this country |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by Blue3k(m): 7:01pm On Aug 16, 2017 |
LordofNaija: Geologically speaking that argument not true. It's is same basin neighboring countries found oil. Other than that I do agree. NNPC is trash in my opinion. They won't find it unless they get help from IOCs like usual. Check out this book if it's available at local university. Geology and Mineral Resources of Nigeria by Obaje, Nuhu George. Edu3Again: That's because Lagos Calabar line runs North to south right. 1 Like |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by obailala(m): 7:03pm On Aug 16, 2017 |
Alitair:Is there no current governor in Rivers state?... Or is the governor of Rivers in coma that you want an ex-governor to come continue a state project he started?... Clowns everywhere! 2 Likes |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by Master07: 7:03pm On Aug 16, 2017 |
I am not understanding |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by kokomilala(m): 7:04pm On Aug 16, 2017 |
At last the crouching tiger is about to pounce.No country in this age really develops without an effective,integrated railway system and culture.India did.So did China.Europe is wired together by it. So long,guragura buses and trucks.Welcome to the age of the allure of railway! 2 Likes |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by Nobody: 7:04pm On Aug 16, 2017 |
Blue3k:but why have the IOC's decided no to go to borno over the years. Have we bothered to ask ourselves? Yes, it may be the same geological formation but it was never a wise thing done given that the glory days of oil are over 2 Likes |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by Alitair(m): 7:06pm On Aug 16, 2017 |
obailala:And that way abandoned projects will start becoming monumental in the town.? 1 Like |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by obailala(m): 7:07pm On Aug 16, 2017 |
majekdom2:A robust transport infrastructure and availability of power supply are the two most important ingredients for industrialisation. An industrialised Nigeria is a diversified Nigeria. 1 Like |
Re: Nigeria Seeks To Diversify From Oil With $41bn Of Rail by obailala(m): 7:13pm On Aug 16, 2017 |
Alitair:I'm not sure I understand your point. Who is abandoning a project?... You were calling on an ex-governor to come complete a project he started when he was governor; this is despite the fact that there is currently a governor in the state. Or are you suggesting Wike should step down as governor for Amaechi to take over? 2 Likes |
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