Oblang:


Is ur father one of the contractors constructing Kano-Niger Rep railway?

u are very stupid for bringing my father into this

afube:




you are economically illiterate ! whats the point of taking you through rudimentary economics of demand and supply ! or factors of production?

Will you shut up. You know nothing. Lagos kano rail is more important than Lagos calabar rail

I know it’s you foolish igbos shouting Lagos calabar rail because it will pass through aba

Some of you don’t even know how the loans would be financed

Some of you don’t even know that you borrow ao me time times to build rails

In this country, a certain former president took loans to pay salaries & today, you see him as a "hero". Here you see a president taking loans to build massive rail line infrastructures across the country & you think he's mortgaging the country to China. Many of you have criticized the cost of rail transportation but then forget that the loan taken to build those infrastructures must be repaid through same means.

Still no rail in ss

rossoki:


That's exactly what the USA does, which is why they are the heaviest indebted nation on earth.

In return, they got a developed country.

Development is not free. Someone's gotta pay for it.

Are you serious?

The USA developed with local and international investment in its local currency. Where will Nigeria get the dollars to repay the debt?

How will Nigeria repay an $11 billion railway, who will use the railway poor Nigerian or poor farmers? Will Nigeria now have to introduce another rail subsidy like the fuel and electricity subsidies.

Nigeria should take foreign loans to complete the Ajaokuta Steel plant, build gold mines and repair the three refineries, the proceeds from these productive institutions can be channeled into building service infrastructures using local currency. Nigeria can export steel, refined oil, and gold.

African Reliance on Foreign Debt is ‘Madness,’ Warns Credit Suisse CEO Tidjane Thiam
Swiss bank’s CEO backs view that a new debt crisis could be developing in the region

Credit Suisse Group AG Chief Executive Tidjane Thiam says it is “madness” for African nations to rely on loans in foreign currencies to fund vital infrastructure including roads, power and clean water.

Lenders in African nations must instead find domestic savings to invest in local projects, said the Ivory Coast-born banker who took charge of Zurich-based Credit Suisse in June.

Mr. Thiam’s warning comes after countries on the continent where he was born sold $11 billion of foreign-currency bonds in 2013 and a further $8 billion last year, raising concerns among some analysts that a new debt crisis may be developing.

https://www.wsj.com/articles/african-reliance-on-foreign-debt-is-madness-says-credit-suisses-thiam-1444125696

Akaujaa:
In this country, a certain former president took loans to pay salaries & today, you see him as a "hero". Here you see a president taking loans to build massive rail line infrastructures across the country & you think he's mortgaging the country to China. Many of you have criticized the cost of rail transportation but then forget that the loan taken to build those infrastructures must be repaid through same means.

Buhari didn't replace GEJ to continue GEJ's corrupt system of government.

It's been 6 years and we still continue with excuses why Buhari is a failure. How will Nigeria pay back the $5 billion debt, we can barely pay back our current debt with the fall in oil price and foreign remittance.

Even Iwealla wasn't that stupid to borrow in dollars, the majority of the loans were in the local currency. Buhari has devalued the Naira to the point that it's now too expensive to borrow in Naira at N500 to $1 dollar and still falling.

African Reliance on Foreign Debt is ‘Madness,’ Warns Credit Suisse CEO Tidjane Thiam

Credit Suisse Group AG Chief Executive Tidjane Thiam says it is “madness” for African nations to rely on loans in foreign currencies to fund vital infrastructure including roads, power and clean water.

Lenders in African nations must instead find domestic savings to invest in local projects, said the Ivory Coast-born banker who took charge of Zurich-based Credit Suisse in June.

Mr. Thiam’s warning comes after countries on the continent where he was born sold $11 billion of foreign-currency bonds in 2013 and a further $8 billion last year, raising concerns among some analysts that a new debt crisis may be developing.

https://www.wsj.com/articles/african-reliance-on-foreign-debt-is-madness-says-credit-suisses-thiam-1444125696

Judybash93:
Our leaders lack foresight and I'm not surprised at the way they're running the country. By taking a good look at the current climatic changes occurring around the world, most continents will suffer deeply because their major cities lie close to the ocean and no country will suffer more than China because their major cities are located very close to the ocean. These cities are also drainage basins which will be under water if the current trend doesn't stop. Africa and South America on the other hand aren't going to be affected to a greater extent because when Pangaea divided into what we know as South America and Africa, this created huge edges that may deter the effects of a rising Ocean level. That cannot be said about Asia because a number of their countries developed a around river basins which are also very low lands. Countries like Bangladesh will be under water because it's basically in a very lowland. Beijing, Shanghai, Hong Kong, Guangzhou, Tianjin and a whole lot are going to be under water if the current trends continue.. I think the Chinese know this and they're using style to give loans to African countries so that they'll have territories to claim when sh*t start to get real. Our leaders don't know this, they aren't looking into the future and that's why we'll be at the receiving end of this nonsense. Africa is blessed with natural defenses and resources. The humans residing within are the major source of her problem.

God bless you with this exposure.

Sobasojek:

Yes but the fact remains Lagos kano will be more important when you compare population, economy of both states, transportation of goods by rail

There’s also palm oil in south west

Everything must not be about Lagos. Are we planning a one city country? The likes of Obudu and Tinapa failed because of lack of infrastructure and government buying into it.All rail system lead to north and non links west to ss/se, does mean that no commerce exist in this axis? Take the port system for example, the Apapa port is made to look like the only port we have in Nigeria, should it be so? Check out the number of trailers you will see heading to ss/se. The southern rail is important as the northern rail.

Elliot2:
God bless you with this exposure.

Yes sir!!!

Thats the problem, when will the rail line bring back 5.3 billion dollar return

Saao:
What's wrong with them? Upon all the warning about Chinese loans? Buhari will mortgage this country before leaving power.

how you wan develope without takin loans now....??

nearly all nations have to take loans to build things like this....or you think its a easy thing to build that much railway....??

its funny how i always have to remind nigerians that america has a debt of over 20trillion dollars....
calculate that in nairas and see if it would not give you an headache....

Stainlezzking:

I laugh in Chinese
Go and browse about Dubai and see how much it cost them to build some of the greatest tourist attraction, then you'd see the real value of $1b but here in Nigeria they'd borrow billion$ like they're trying to build underground city not knowing that it's train that every other country has that they're building

Omo when china complete money buy Nigeria
Please call me Wang tong lee

 God save Nigeria 

$1bn that is over N500bn naira.

They steal majority of the funds.

$5.3bn is over N2.5trillion.

These politicians.

Aconomist:
Why don't they build Calabar to Lagos before linking Lagos with Kano?

They can never build it where it will be useful.

Nah curse.

They will always construct it where the users can't afford the ticket fares.

samdunzo:


The funny thing is that line can be constructed with funds from Lagos state alone. But then, linking up the SE SW and SS/ND would mean improving the economy of the South while leaving that of the North. So, it wont be built for a while

Did you just say funds from Lagos?, owo Eko, Eko lo ngbe.
I will personally recommend that a GREAT WALL be erected between SW and the rest of the south..
Abi no be from SW dem comot midwest?, e koshi danu jor.

[quote author=rossoki post=97898532]

[b]No it won't. That is your gross ignorance talking. Go and learn the real value of 5.3 billion dollars, cos you seem to think it is a HUGE amount of money. It's not.

Ode. You're comparing US ultra modern rail to the 1990s thing that they're doing
It's obvious you don't know what a billion dollar mean. Go and browse the cost of projects in Dubai and Singapore...
But it's obvious you're a Buharist, so I don't expect much

tsdarkside:


how you wan develope without takin loans now....??

nearly all nations have to take loans to build things like this....or you think its a easy thing to build that much railway....??

its funny how i always have to remind nigerians that america has a debt of over 20trillion dollars....
calculate that in nairas and see if it would not give you an headache....

At least we're seeing the results

Sobasojek:

Youre not answering simple question. What would Lagos calabar benefit Lagos?

Lagos Kano will also be connected to apapa seaport.

Lagos state government is building a lot of infrastructures in lekki that will benefit Lagos state not those cities you mentioned up there


At least kano would bring more agricultural produce to Lagos state unlike those cities you mentioned above

Don't mind them, na great wall we go erect not rail.
This will be their purnishment for daring to burn our infrastructures in Lagos.

Aconomist:
I already told you, the coastal rail will allow for easy export of products from Lagos (and Lekki Free trade Zone) to southern and eastern Nigeria. It would also facilitate the import of natural commodities such as palm oil from Benin, Coal from Enugu, LNG from the delta, etc.

Here is a GDP per capita map of Nigeria. Clearly a SW to SE rail would generate more economic impact.

SW can do without all these aforementioned suggestions.

rossoki:


You're just a loud dunce.

Go and learn the value of RAILWAYS in the development of a country, and how they drastically reduce the cost of doing business, leading to economic and industrial development.

The USA became the world's biggest economy on the strength of its massive investment in rail.

Big mouth critic with zero thinking ability.

Fool talking about ''half the money will be looted''. Which money? No money changes hands. The loan is about China funding the construction of the railway. It is a contract to build, not to hand anybody money.

Olodo people. Only big mouth to criticise, yet you know nothing.

You get time dey educate them, even if they see the world bank report of total earnings of this country for the fruitless 16 years of PDP, they will still Blame Buhari.
They only know how to follow the crowd, they don't bother to investigate the lies they are being fed with, they just open that sewage they called mouth and pollute everywhere with their stench.

Latvin:


The level of ignorance is so high, driven by primordial sentiments. The PHC-Maiduguri and Ibadan-Kano rail lines still cross many Southern cities. Lagos-Calabar rail is in the works and will eventually be done.

The other day, Amaechi was remonstrating with the Southern Reps and Senators not to be impediments to the actualisation of the Lagos-Calabar rail project but they shoved him aside, now they will turn back to accuse him of not prioritising it.

The AKK pipeline is the third in a series of major gas pipeline networks to be built in the country. That overall gas plan was put in place in 2008 and the implementation has progressed since then. The first two pipelines run from the Niger Delta to Lagos (completed and in use for years now) and the second is the one from the East somewhere in Imo State traversing all across to join the first pipeline in the West (almost completed). The third is the AKK pipeline now approved and to be constructed, within the overall plan of industrialising the country via gas, put in place in 2008. But of course the ignorant ones will not have that background and jump at the mention of AKK as another Northern agenda.

My plea is for this govt to ignore the noise and forge ahead with their infrastructure plans. It will be clear soon enough to everyone about where we are going.

Check some of my post on this forum, I said Buhari will go into Nigeria history as the best president ever.
Not because he is the most intelligent among his peers, but because he is the most committed, and has the discipline and courage to do what it takes, to develop this country.
A lot of projects that Buhari government is undertaking now, should have been completed even before year 2000.
My dad told me that during the Festac 77, a foreign journalist interviewed a government officials, about the bogus spending.
The answer from the official is that, " money is not Nigeria's problem, na how to spend it ".
The whole world knows what happened to Nigeria five years later.
It takes a disciplined and a committed leader to build a nation.
A lot of heavy loads that are supposed to be moved by rail are being moved by road, killing and wasting human lives.
My prayer is that God should sustain Buhari to complete his tenure, so that some of his projects, will not become another abandoned project.
Buhari is Nigeria's Attarturk, God bless him.
God bless Nigeria.

[quote author=LordErrk post=97910335][/quote]

ultra modern rail....

7lives:


Don't mind them, na great wall we go erect not rail.
This will be their purnishment for daring to burn our infrastructures in Lagos.

Lol they think we can’t see through their plans

7lives:


You get time dey educate them, even if they see the world bank report of total earnings of this country for the fruitless 16 years of PDP, they will still Blame Buhari.
They only know how to follow the crowd, they don't bother to investigate the lies they are being fed with, they just open that sewage they called mouth and pollute everywhere with their stench.

don mind them....they still think fg will get the money....

no no,it doesnt work that way....chinese will use what you promise them to pay their workers and materials and build it for you....ofcourse you have to pay some bit all the while....

why are many nigerians such dunces....

are they slow in the head....

3Ceagle:


Everything must not be about Lagos. Are we planning a one city country? The likes of Obudu and Tinapa failed because of lack of infrastructure and government buying into it.All rail system lead to north and non links west to ss/se, does mean that no commerce exist in this axis? Take the port system for example, the Apapa port is made to look like the only port we have in Nigeria, should it be so? Check out the number of trailers you will see heading to ss/se. The southern rail is important as the northern rail.

Yes southern rail is important as the northern rail but you guys always find everything bad about the northern rail

Starting Ibadan kano makes more sense economically than Lagos calabar rail which the FG has already implemented

rossoki:


You're just a loud dunce.

Go and learn the value of RAILWAYS in the development of a country, and how they drastically reduce the cost of doing business, leading to economic and industrial development.

[b]The USA became the world's biggest economy on the strength of its massive investment in rail.

Big mouth critic with zero thinking ability.

Fool talking about ''half the money will be looted''. Which money? No money changes hands. The loan is about China funding the construction of the railway. It is a contract to build, not to hand anybody money.

Olodo people. Only big mouth to criticise, yet you know nothing.
[/b]

1. USA railways were built with slave labor and during times of massive poverty.
2. US railways were built in house and not with foreign loans
3. The railways have been improved and built upon for decades

This is like saying you are going to build an airplane in 1909 vs 2021 the amount of capital required to build now is nearly impossible and requires multiple countries and businesses to manufacture on airplane.

You know the most retarded part of your statement.. That Nigeria has the resources to build these railways, but want to make easy money by hedging the loans into their pockets and know they will not be alive to see the down fall of the country. China knows Africa is rich in resources and screwing us over.

Sobasojek:

Yes southern rail is important as the northern rail but you guys always find everything bad about the northern rail

Starting Ibadan kano makes more sense economically than Lagos calabar rail which the FG has already implemented

foodstuff is mostly from the north....
why would anybody want to immediatly build to the east....??

to transport their people to the west....

they already started complainin about train fees....!!
imagine....

tsdarkside:


foodstuff is mostly from the north....
why would anybody want to immediatly build to the east....??

to transport their people to the west....

Don’t mind them. We can all see through their blackmail. The only reason igbos are shouting Lagos calabar rail is because it will pass through abia state and no other reason

Sobasojek:

Don’t mind them. We can all see through their blackmail. The only reason igbos are shouting Lagos calabar rail is because it will pass through abia state and no other reason

abegi....people that could easily fall for such a stvpid moroon like cownunu,i cant take serious....

tsdarkside:


abegi....people that could easily fall for such a stvpid moroon like cownunu,i cant take serious....

Lol Abi

Theoutsider:


1. USA railways were built with slave labor and during times of massive poverty.
2. US railways were built in house and not with foreign loans
3. The railways have been improved and built upon for decades

This is like saying you are going to build an airplane in 1909 vs 2021 the amount of capital required to build now is nearly impossible and requires multiple countries and businesses to manufacture on airplane.

You know the most retarded part of your statement.. That Nigeria has the resources to build these railways, but want to make easy money by hedging the loans into their pockets and know they will not be alive to see the down fall of the country. China knows Africa is rich in resources and screwing us over.

1.slavery was already abolished....not sure though....but i remember photos seeing whites and chinese building it.

2.false. this debt system as been going on since centuries....

3.not completly true....many are decaying....america doesnt care that much about rails....they only maintain,they dont build that much railways anymore....why would they even bother....??....
their parents already did that....
improve,what you wan improve....??....do you mean the trains themselfs....

CodeTemplar:
By the time bubu is done, the average loan repayment per capita will be over 1million Naira.
He is already gathering the NIN, contacts and details of educated folks to hand over to Chinese I guess.

lol����

tsdarkside:


ultra modern rail....

The fact that, of all the things I wrote, that was what caught your attention shows that your a fool like your father Buhari.