AkeNathan:
This one wey be like long bus

No even long sef

0monnak0da:


It will improve productivity is speculation
How will it operate as a business
That is the elephant in the room
Nigerian government bodies have repeatedly proven their ineptitude and corruption anywhere there us revenue.
Putting concrete and steel together is just the start
Already we hear of racketeering on the Lagos Kaduna route that only just started.
Eventually government will be forced to privatize especially when the loans fall due.
This is not a viable business with any concretel financial return to pay off the loan
Just speculative and nebulous gains like

" improve the productivity of the region"
Human capital is what improves productivity and we are not investing in that.

When the British left us we were transporting 11 million people a year by rail see what happened afterwards.

Having trains like this carrying passengers is a nice looking thing.


It will lose money
It will not bring developments unless it focusses on transportation of goods primarily

jeebz:

Bro, I am no fan of government, in one of my earlier posts I recommended that the ownership be transferred to the 3 states that the rail crosses.
Productivity will increase since rail is the most efficient means of transport. I don't have to worry about traffic or pot holes etc.
Profitability is a catch 22 situation, very few rail lines globally are close to been profitable, hence why I suggested the term Public Good. Privatization may be a good option for management only and not ownership.

0monnak0da:


Public good is an ASSUMPTION

It is not necessarily true
Rail is most efficient means of transport you claim
Another sweeping ASSUMPTION
By what metric is rail MOST EFFICIENT
What does efficient mean exactly
When you go through life without analysis and have so much faith in dogma you become lazy intellectually.
There is NO PLAN for this project other than to complete in ,cut the tape and take the photos.
Immediately the decay will commence .
It is not necessarily a good thing
Technically it is not viable because we lack the human capital and no strategy to develop that
Financially it is not viable because there is no management plan or strategy

It is just something to do to show activity but the conceptualization is flawed on many levels

Tetehjewels:
This is an Ibadan-bound train crossing the newly-built Kajola Bridge. 3yrs ago, that whole area was a huge forest.

Muhammadu Buhari, Prof Osinbajo mean well for our dear country. By the time they are done with Nigeria, we'll be on the fast lane to growth and development.

Tetehjewels:


I am an Akwa ibomite mumu boy.

You and goatluck Jonathan are high on dry gin

jeebz:

Efficiency: http://theconversation.com/rail-travel-is-cleaner-than-driving-or-flying-but-will-americans-buy-in-112128
https://www.aar.org/wp-content/uploads/2018/07/AAR-Environmental-Benefits-Movig-Freight-by-Rail.pdf
https://ib.deutschebahn.com/ib2016/en/group-management-report/group-performance-environmental-dimension/progress-in-climate-protection/energy-efficiency-increased/
Public Good: https://en.wikipedia.org/wiki/Public_good_(economics)
This is not dogma and don't get me started on analysis or research.
Let me recap:
1: I am not a fan of central/big governments, I prefer this project be owned by the 3 states it passes through and the managed be done privately.
2: Rail is far efficient that cars and flights, there are numerous articles supporting that claim. I also added, that the routes can be shared with cargo trains on a nightly schedule as obtains on some routes in the USA.
3. Many of the infrastructures (especially transport) in Nigeria are public goods in the sense that there is no real direct profitability, however these public goods create indirect profitability to the economy at large. The rail way it self can easily lead to the developments of new towns and cities in areas near the tracks.
Some of the points you made are very pessimistic and I am optimistic about the growth of the country and projects such as these will go a long way into showing the rest of the country that we can make changes in out little way.

0monnak0da:

Efficiency must be reflected in financial statements.
Let us look at profitability from a different accounting perspective.
As a going concern trains need to be cleaned and serviced t
he whole business has costs. Will it sustain itself? We must not forget it is being paid for in dollar denominated loans
How will it be repaid?
Prayerful desire for knock on development will not provide the dollars to repay the loan.

We have seen naive exuberance calling itself optimism before.
Being optimistic does not mean the same vision.
I think passenger trains at this time are an unaffordable unmanageable luxury.
We should be spending most of our money on educating and or training our young people.
If we must have trains let them focus on using them commercially for the time being. Also they should be concessioned because we know government cannot run them and are building them with no vision for management

adem30:


In your poor dream

eguarojeona:
You are enjoying Buhari's non corruption and nepotistic behaviour now shey.Sell out.You are a disgrace to the south to be honest.You think you are smart and want to be woke.But you ain't.

slimfit1:
Poor trains Rotime needs to go out . Buying locomotives with one head and carriages disgusting really. Why don't you go to UK and buy proper trains instead of buying substandard trains.

popsy2:
Hmmm. We now hail deforestation as development. This will not end well for the ecological system.

I don't know who needs this but if you are In need of CAC company registration, Business Name registration, Trustees, NGO, NAFDAC number on your products etc, talk to us at www. Lawlab. Com. ng
The interesting part is that consultation is free of charge. Yes! Free of charge.

popsy2:
Hmmm. We now hail deforestation as development. This will not end well for the ecological system.

I don't know who needs this but if you are In need of CAC company registration, Business Name registration, Trustees, NGO, NAFDAC number on your products etc, talk to us at www. Lawlab. Com. ng
The interesting part is that consultation is free of charge. Yes! Free of charge.

slimfit1:


There are diesel engines trains everywhere.

GoldenGeneral:
Your type will only believe negative news about our country but if you have any sense you will make your investigation before showing your shallow mind on this platform, they are video evidence of it but then you believe what you want

popsy2:
Hmmm. We now hail deforestation as development. This will not end well for the ecological system.

mikolo80:
hope you're hanging in the air o and photosynthesizing since you love forest so much.

Privatepart00:
All thanks to Goodluck Jonathan our darling ex president

Ameboperoo:

Why no seat belts in train?

Tetehjewels:


Shut up and take your unpatriotic arse into the dark recesses of the hate filled cess pool you crawled out from.

You are a disgrace to humanity and already sold yourself short with this absolutely neuseating mindset you have.

I guess when Jonathan was in power he was not nepotistic right? Did Jonathan not sorround himself with mainly southern people?

You did not sell out and become a disgrace then right?

Rétard

Commentor:


Joking right?

eguarojeona:
Lol,so much bile Jewel.I am not the cause of your troubles.Your BMC job is safe ok.Go for therapy man.Dont go kill yourself.Your mentor will leave and people would see for the fraud he is .

popsy2:


Don't be naive.