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Nairaland Forum / Nairaland / General / Politics / Lagos-Kano Railway Project Will Cost N4trillion – Amaechi (984 Views)
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Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by AutoReportNG: 8:11pm On Nov 22, 2018 |
According to Channels TV, the Minister of Transportation, Rotimi Amaechi says about N4 trillion is required to complete the Lagos to Kano standard gauge rail project. Amaechi said this on Thursday while addressing journalists in Kaduna State. According to him, this is the reason why the project has been moving at a slow pace because the huge amount of money is required to finance its speedy completion. “Doing Lagos-Kano, we are looking for about N3trillion and N4trillion. Is that a money you get easily? The budget is between N7trillion to N8trillion, if we give only Lagos-Kano the sum of N4trillion then we will be giving half of the budget and we won’t be able to pay salaries. “So it is a gradual process, that’s why we want to rehabilitate the narrow gauge so that while we are slowly constructing the standard gauge, things will be running on the narrow gauge,” he said. Amaechi added that the project when completed, will boost socio-economic activities in the country. He also disclosed that the Federal Government is rehabilitating the narrow gauge rail lines to enable the trains shuttle between the south to the northern part of the country pending the completion of the standard gauge. Credit: Channels TV Source: https://www.autoreportng.com/2018/11/lagos-kano-railway-project-will-cost.html Lalasticlala Seun Mynd44 Marpol Dominique 1 Like 1 Share
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Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by AutoReportNG: 8:11pm On Nov 22, 2018 |
Thats Nigeria's budget in a year |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by Aldebaran(m): 8:12pm On Nov 22, 2018 |
Avenue to siphon money... Well ,still better than PDP's 16 crazy years 8 Likes 1 Share |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by Niyeal(m): 8:14pm On Nov 22, 2018 |
Omg |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by mekaboy(m): 8:15pm On Nov 22, 2018 |
Of niger delta money? 2 Likes |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by fishmillan: 8:18pm On Nov 22, 2018 |
Why?? Are you trying to build another country ... 4 trillion naira , this country is finished... 1 Like |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by Officialpdpnig: 8:19pm On Nov 22, 2018 |
AutoReportNG: Construction of this magnitude is very expensive. This is why the opportunity we missed when oil prices were very high during the era of PDP to build our much needed infrastructure, they ended up focused on being a lootocratic government. All of this would have been concluded long ago and today that the naira value is low you would get a high cost for constructions as 4 trillion. Previous governments failed us but this government is tredding the right path . Imagine Kano to Lagos rail and not that alone, every state capital would be touched by this rail revolution. Tell me how cost of food and other services will not drop as conveyance becomes quicker, cheaper and faster too. Abeg I love this NEXT LEVEL 5 Likes |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by Racoon(m): 8:19pm On Nov 22, 2018 |
Half of Nigeria's budget? Next level looting continues.Kick out these criminals. 3 Likes |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by obembet(f): 8:21pm On Nov 22, 2018 |
Amechi, I hope u and buhari will not finish this country one day 2 Likes |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by Holumhidey(m): 8:30pm On Nov 22, 2018 |
4 trillion naira.....
is it a railway that leads to heaven or what?? |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by rottennaija(m): 8:45pm On Nov 22, 2018 |
Honestly! I don't understand if most people commenting on nairaland are kids or are adults that knows nothing or are just commenting their emotions. Any, I had decided to be on the side lines watching what this government is doing... So far, I am impressed. 1 Like |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by rottennaija(m): 8:46pm On Nov 22, 2018 |
obembet: How much do you think the project should cost? |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by NaijaRoyalty(m): 8:49pm On Nov 22, 2018 |
rottennaija: You're impressed because you're an APC crew . 4 trillion naira is way for too much , Habba Apc wants to loot this country dry 4 Likes 1 Share |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by otokx(m): 8:55pm On Nov 22, 2018 |
They should give it to competent private hands. |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by FOLYKAZE(m): 8:57pm On Nov 22, 2018 |
NaijaRoyalty:Tell us how much the project should cost. 1 Like |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by olujastro: 9:22pm On Nov 22, 2018 |
fishmillan:Don't let the crumbling value of the naira confuse you. It's about the same cost as the Lagos-Calabar rail line which is about $11b (N4tr). Same way PDP has been trying to fool Nigerians by comparing their borrowings with that of this govt in naira, and claiming this govt borrowed in 3.5yrs what they borrowed in 16yrs. N11tr vs N11tr. Whereas in USD, this govt has borrowed $10b compared to GEJ's $30b and PDP's $63b. 1 Like |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by OfficialAPCNGR: 9:31pm On Nov 22, 2018 |
for a man who built a monorail to nowhere in 8 years....the figure is modest from amechi That Monorail to nowhere is a white elephant project. Amaechi should have learnt from Lagos and Abuja who are building a light rail. In sane societies, Amaechi should have been forced to resign on account of that very wasteful mis-adventure. Tens of billions of naira, gone down the drain just like that https://www.nairaland.com/1801158/rivers-state-monorail-loading |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by OfficialAPCNGR: 9:46pm On Nov 22, 2018 |
redsquare: |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by Ttipsy(f): 9:46pm On Nov 22, 2018 |
mekaboy:na our money na.. abi na. |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by OfficialAPCNGR: 9:48pm On Nov 22, 2018 |
Dominiquez: |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by OfficialAPCNGR: 9:49pm On Nov 22, 2018 |
FreeGlobe: talktimi: |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by OfficialAPCNGR: 9:57pm On Nov 22, 2018 |
BankeSmalls: talktimi: |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by rottennaija(m): 10:50pm On Nov 22, 2018 |
NaijaRoyalty: You can think anything you want. I have no time for ideas like yours |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by wristbangle: 10:59pm On Nov 22, 2018 |
That's about $11 billion. Haba nau! Kilode |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by Nigeriabiafra80: 11:14pm On Nov 22, 2018 |
Stealing on my mind |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by Yomboy4ever(m): 11:34pm On Nov 22, 2018 |
olujastro: |
Re: Lagos-Kano Railway Project Will Cost N4trillion – Amaechi by bitcoin215: 11:38pm On Nov 22, 2018 |
You guys should not even try this.Elephant project that might not even be completed in the next 10 to 20 years. It will be like the case of monorail which amaechi started when he was in government in Rivers state.The money paid but the project didn't see the light of day. AmeachI is again trying to gather money for his boss in ado rock |
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