ijustdey:
Cc lalasticlala



There are a lot of secrecy in this government that you doubt anything good they do isn't without corruption

Agboriotejoye:
Is it dat there was no cost-benefit analysis when the rails were being built?
Even ordinary people who build houses for rent do the cost analysis.
It seems as if the whole idea of the rails then was just a political gimmick and not a well thought out economic plan

ednut1:
Light, electricity, rail and many others are subsidized. How do we then repay the chinese loans kai

soleexx:
Nigerians we have special space in heaven...

DisGuy:
What sort of expert expect the rail to be profitable within 3 years? A diesel power rail that's not running fully yet smh

Osidazz19:
Seriously unrealistic analysis. Most of these types of projects around the world are not profitable. They are mostly subsidized bu the govt, the London train systems, the Marta train systems in Atlanta are not profitable and they have been in existence for years.
Regarding cost overruns, this is also very normal. I remember the Los Angeles's underground system has been under construction for decades and the cost has gone through the roof.

Mistakes are bound to be made.in such huge projects and it's ok to point them out but to expect the system to start making profit anytime soon is day dreaming.
The best they can do is too make as much as possible from their operations and allow the govt to subsidize the rest.
If you think Emirates and Dubai train are profitable operations then you are living in lala land. Emirates is heavily subsidized by the UAE govt, that's why Delta stopped flying to Dubai because they can't compete.

Nigerians needs to have a mindset of paying way more taxes to subsidize these kinds of facilities if they truly want to live like those in the western world.

NaijadrivaCars:
The issue with Nigeria railway is that:
1.They are in tree network instead of branched.
2. Apart from the economically motivated ones built by colonial masters, few rail lines have been added.
3. Most are up north with little economic importance -Lagos to Ibadan-Onitsha-Aba would have made sense.
4. Most constructed are politically/ethnically motivated
5. Old coaches- who still uses locomotives when we have maglev, diesel, nuclear (we can leave nuclear for now because of, you know...) etc?
6. Single guage lines, instead of multiple - leading to various destinations.

SoNature:
If we don't begin to like this country, we will keep fooling ourselves.

How can the train management not know how much it generates every month?

Now, they are not paying back the loan borrowed to construct the track and procure the train. Instead, the government is adding more money to take care of overheads.

Nigeria appears to me like a country that is destined to fail no matter who the leader is.

helinues:
Summary pls

tck2000:
it's possible

Kobicove:

Are you sure you did not mean to type "hell" instead of "heaven"

DisGuy:


How? It is not running at full capacity yet, only about 4 journeys in 24hours- probably 3-4 coach each instead of 7 or 8

Royalbloodline:
Great analysis, however u finished it wrongly.
It's not about paying more in tax if corruption is embedded in our system. As it stands even if Nigerians pay 100% if their salaries as taxes nothing will change! One man somewhere will just keep getting richer!

Osidazz19:
Seriously unrealistic analysis. Most of these types of projects around the world are not profitable. They are mostly subsidized bu the govt, the London train systems, the Marta train systems in Atlanta are not profitable and they have been in existence for years.
Regarding cost overruns, this is also very normal. I remember the Los Angeles's underground system has been under construction for decades and the cost has gone through the roof.

Mistakes are bound to be made.in such huge projects and it's ok to point them out but to expect the system to start making profit anytime soon is day dreaming.
The best they can do is too make as much as possible from their operations and allow the govt to subsidize the rest.
If you think Emirates and Dubai train are profitable operations then you are living in lala land. Emirates is heavily subsidized by the UAE govt, that's why Delta stopped flying to Dubai because they can't compete.

Nigerians needs to have a mindset of paying way more taxes to subsidize these kinds of facilities if they truly want to live like those in the western world.