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Stats: 2,739,784 members, 6,497,307 topics. Date: Sunday, 19 September 2021 at 07:13 PM
|Reason For The Railways In Nigeria by GidiCars: 9:45am On Jan 02|
Buhari is building a railway from Kano to Niger repbulic not cause he cares about them, it's cause that is one of the clauses in the loan agreement that he took from China. The rail from Lagos to Ibadan is still going to Kano, then Kano rail-line will connect to Niger-republic. China is building rails all over central and inner African countries to link them to the nearest sea-ports to make them easier to extract natural resources from those regions which would be shipped to China, from the ports in Africa.
One of the clauses in the loan deal is that China would take over the rail if the countries can't repay the loans in the future, the chinese know how corrupt African leaders are and are betting on this to take control of different rails and ports in many African countries. Something similar is already playing out in Zambia. Most african leaders are only concerned about how much they can squeeze from a single deal, while they secure their children's future in the West. That's why Amaechi and co don't mind selling Nigeria, as long as they can rake in millions of dollars for themsleves out of the deal.
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|Re: Reason For The Railways In Nigeria by michlins(m): 9:48am On Jan 02|
You make small sense sha. China will recoup their loans one way or another
|Re: Reason For The Railways In Nigeria by Miracle1991: 10:12am On Jan 02|
When a kid borrow 100naira data from MTN. He writes rubbish.
|Re: Reason For The Railways In Nigeria by Eddie4God(m): 11:23am On Jan 02|
Op you have a point. That's what the Chinese did to Sri Lanka. When Sri Lanka was unable to repay a loan used to build the Hambantota Port in Sri Lanka, Sri Lanka had to hand over control of the port & 15,000 acres of land around it for 99 year to China. The transfer gave China control of territory just a few hundred miles off the shores of a rival, India, and a strategic foothold along a critical commercial and military waterway.
The most funny thing to me is that it was even a Chinese company – China Harbor Engineering Company – that built the port.
So the Chinese loans are used to pay for strategic infrastructures built by Chinese companies. Thus the money largely returns to China through their companies who constructs the projects & the borrower will still have to repay the loan.
|Re: Reason For The Railways In Nigeria by Dedetwo(m): 12:33pm On Jan 02|
The OP probably could have a point. I guess it is the reason Buhari and China avoided eastern corridor. The threat of Biafra or Republic of Igbo land will upend the equation. It only takes one powerful to country to support the seemingly threat and the Chinese hopes shall be dashed.
|Re: Reason For The Railways In Nigeria by GidiCars: 4:23pm On Jan 02|
It's the same scenario playing out in nigeria. Chinese companies are building the rail, and are paid from the same loans. They know nigeria won't be able to pay the loans in few years time, and would seek to control the trains and demand a few other assets to recoup their investment. Before that will ever happen, nigeria would break up.
Search Chinese in Zambia on YouTube. It's the same scenario playing, they already have a foothold in Zambia. In fact, they wanted to set-up a Chinese police in Zambia but the people resisted. The Chinese now control the politics in Zambia.
Truth is, china wants to control Africa, but wants to do it subtly.
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|Re: Reason For The Railways In Nigeria by GidiCars: 4:28pm On Jan 02|
Before the Chinese take over the trains and ports, nigeria would break up, and every Chinese would be slaughtered. To hell with them.
|Re: Reason For The Railways In Nigeria by Guestlander: 4:35pm On Jan 02|
The same Nigeria where a certain Dasuki went to the central bank and took out one billion dollars to be shared for someone's reelection.
Tbe same Nigeria where each of our lawmakers are earning more money annually than the president of United States.
Nigeria can afford to connect every city in Nigeria by railway if we manage our resources wisely, and we can do it without borrowing.
|Re: Reason For The Railways In Nigeria by Katlyst(m): 5:14pm On Jan 02|
Lagos to Ibadan railway may turn to leisure trip for passengers.
How many people can afford railway on daily basis to get to workplace?
It may primarily turn to cargo rail as suggested by OP to maximise profit.
Just like Lagos to Calabar railway project, the unrest in SS could be the reason why Dangote sited his oil refinery in SW.
Considering our economy outlook, we will likely struggle to pay back foreign debts.
I don't have issues with the Chinese business model of being the loan-giver & project contractor simultaneously. Unfortunately, we are still repaying loans of uncompleted projects in past administrations due to looting. Thus, the Chinese model ensures completion of projects asap.
|Re: Reason For The Railways In Nigeria by GidiCars: 5:18pm On Jan 02|
Nigerian leaders are greedy and only care about what they can personally gain from the deals, they don't care about the people or lands. They already secured their children's future in foreign lands. If shit hits the ceiling, they know how to quickly get away from the country.
|Re: Reason For The Railways In Nigeria by Katlyst(m): 5:29pm On Jan 02|
Leaders are a reflection of society.
We like to exploit, oppress others at any slight opportunity.
Check the civil service and you would understand better.
Foreigners can't trust us with money/business. Likewise we don't trust ourselves.
Majority of the citizens will still queue behind looters(PDP) & deceivers(APC) in 2023.
Oh God of creation! Help our youth, the truth to know.
|Re: Reason For The Railways In Nigeria by capitalzero: 5:29pm On Jan 02|
That is essence of communism . Government has some stakes directly or indirectly on any companies.
|Re: Reason For The Railways In Nigeria by capitalzero: 5:32pm On Jan 02|
It is chess game in international politics.
|Re: Reason For The Railways In Nigeria by Blue3k(m): 5:39pm On Jan 02|
This is incorrect from what research I've done. Nigeria has been wanting a rail connection with Niger Republic since Jonathan was in office to compete with Benin Republic. Benin Republic has been trying to establish a rail connection for 20 years. China policy goal maybe for debt diplomacy but they're other prevailing interests outside of that.
Niger is playing both sides. They choose the build pipeline in benin Republic instead of Nigeria and sign rail deal with Benin first. They're just now looking into Nigeria rail connection. Either way they want to export more so they can get more revenue.
|Re: Reason For The Railways In Nigeria by CodeTemplar: 7:42pm On Jan 02|
Blue3k:If Niger Republic is the one pushing for this, why is Nigeria taking the loan when they know Niger has another option in Benin republic that can jeopardize the loan and viability of the project?
|Re: Reason For The Railways In Nigeria by Blue3k(m): 8:59pm On Jan 02|
I didnt say they were pushing Nigeria into it. In fact I said Nigeria was pushing for the rail like to compete with Benin. Niger is playing both sides in the sense they do deals with who ever serves their interests better. Niger would obviously prefer to work Benin but that rail line hasn't been started since its been under litigation. Lastly the point is to increase their exports in general. It would hurt the viability of the other project since they would still achieve their goals.
Nigeria has stated throughout the years want their cargo traffic. They're a bigger market than Benin Republic and bigger trading partner. The Kano Maradi line would be less expensive since it's only 20km within Niger Republic the other 358km in nigeria. If you look at the map the benin rail line connects their other major cities.
|Re: Reason For The Railways In Nigeria by CodeTemplar: 9:14pm On Jan 02|
Blue3k:If someone in Kano can receive petrol imported through Lagos and manage to move his kolanuts and tomatoes back to Lagos for export and consumption respectively, why can't the Niger republic folks move their produce into Kano( a border town or town so close to the border) and send it down to Lagos?
These nepotistic projects and borrowings won't yield any meaningful fruit.
|Re: Reason For The Railways In Nigeria by Azmanaty: 9:18pm On Jan 02|
Is ur father a kid?
|Re: Reason For The Railways In Nigeria by Blue3k(m): 9:22pm On Jan 02|
They already transport goods via road doing it via rail will simply make cheaper and faster. Most of Nigers exportsare bulk goods like grain, gold and uranium so its better to moved that way. The economic benefits should be obvious to both. Notice ECOWAS countries have been trying to build linkages for decades. If the project is purely about nepotism why has Benin Republic been after the same sort of rail line since 1999?
|Re: Reason For The Railways In Nigeria by CodeTemplar: 9:25pm On Jan 02|
Blue3k:Then let them continue instead of Nigeria choking Nigerians with debt in order to satisfy Niger republic.
|Re: Reason For The Railways In Nigeria by Blue3k(m): 9:31pm On Jan 02|
You're avoiding the question. Dont pretend li in e Nigeria is not going to benefit from the increased trade and port traffic. Nigeria is operating in its interest. Can you explain why ECOWAS countries have been seeking increased rail linkages for decades outside of economics?
|Re: Reason For The Railways In Nigeria by CodeTemplar: 9:37pm On Jan 02|
Blue3k:I don't have to answer silly questions when I can already see where your heart is. So same govt that isn't fit to run the business of refinery suddenly want to take on the business of running a railway built with loans. They suddenly have confidence in the ability of the govt to run a rail transport system profitably and repay such humongous loan from China. You can fool others but not me. I am sure if Dangote is given the chance, he won't elect to set up such a project.
When it comes to projects that will favour the south, govt cannot run business, but if it opens up the north and benefit them, booom! Govt is willing to take even a risky a loan to set up a business venture. Be fooling yourself and your likes.
If I am to break down your silly and diversionary questions, is the concept of ECOWAS against the idea of taking raw crude and processing it to end products before exporting? I see through you very well.
|Re: Reason For The Railways In Nigeria by Blue3k(m): 10:09pm On Jan 02|
You dont have a reasonable answer that's why you avoided it. You pretend your concerns are economic but move the conversation to tribalism and nepotism which all you can discuss. It's sad you guys are so intellectually dishonest. You're fear about government running rail lines is valid. The only good thing is its unlikely they'll subsidize the cargo opperations unlike passenger rail lines.
Btw the Kano Maradi rail like isnt being funded by China. Stop pretending like they're avoiding south rail projects. The projects we're talking about are being built south to north. Lol the hypocrite talks about discretionary questions then asks irreverent questions. No ECOWAS has nothing to do with government not fixing refiners over the decades.
|Re: Reason For The Railways In Nigeria by GidiCars: 1:04am On Jan 03|
I can imagine in maybe 100 years when the Chinese have a strong foothold in Africa and they start giving us the Uighurs treatment. The Chinese are thinking about expansion. This is just one of their many clues. When nigeria breaks up, the north can marry Nigèr Republic and forge alliances with them. Everything they've done to cement this stupid country would be destroyed.
|Re: Reason For The Railways In Nigeria by Blue3k(m): 5:33pm On Jan 03|
Lol it's weird how you guys cant get basic facts correct before starting your conspiracy theory rants. China isn't funding the project. You guys should stop pretending like you know like you understand economics or geopolitics. If you did basic reasearch you'd see this whole post was buit on a false premise.
The FOI response also stated that FMoT, the federal Ministry of Finance, Budget and National Planning and Mota-Engil Africa are negotiating the Contract Agreements and financing at the moment.
|Re: Reason For The Railways In Nigeria by NGpatriot: 5:58pm On Jan 03|
Nigeria raised too many ignorant and unintelligent children.
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