Nothing surprises me any more, when it comes Nigeria. Inaptitude is now a norm
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Check my signature for your aluminum windows, aluminum doors, frameless doors, e.t.c

Vardanes2:
Well, the same old private sector hasn't been investing in rails

Let's be honest, railways needs a lot of money. And the truth is, we haven';t had the money we need. So, we take loans.


The problem is that the government isn't ready to get us off oil or get us off the kind of economy we run...selling raw materials and using the cash to import. We need the economy to be reformatted to being productive enough to give us the kind of revenue we need to avoid borrowing.



Yes, and the uncertainty is happening because the basis of our dolalr earning is oil, and when oil prices stay too low, as has been happening since 2014, CBN has no choice but to restrict dollar flows, or else we would end up being as broke as Zimbabwe.

Oga Femi Adesina, so you are here on Nairaland. Good to know this

But how can you say a Public-Private Sector Partnership couldn't have worked on the ground that the money value is huge? Do you know the worth of the Nigerian private sector? And you said, "the same old private sector hasn't been investing in rails' as if they could have done so without the government inviting them first? Oga Femi, abeg, have conscience. At least, in a faceless forum like this, don't support your oga. But support the truth. Stop using your intelligence to serve the Devil. With due respect. Thank you.

dumahi:

Oga Femi Adesina, so you are here on Nairaland. Good to know this

But how can you say a Public-Private Sector Partnership couldn't have worked on the ground that the money value is huge? Do you know the worth of the Nigerian private sector. And you said, "the same private sector that hasn't been financing rails' as if they could have done so without the government inviting them first? Oga Femi, abeg, have conscience. At least, in a faceless forum like this, don't support your oga. But support the truth. Stop using your intelligence to serve the Devil. With due respect. Thank you.

God bless you!!!

Vardanes2:


1.Good idea at the bolded

2.Well, with the amount of cargo that can potentially be transported via rail...I can see rail paying off the debt in some time eventually..plus the link to Niger Repoublic means them Nigeriens would be paying us too for the use of our rail.

3.We are in a borrowing state because we are a resource dependent country. And it is because neither party has any idea that we need to change the way our economy is run is one of the many reasons why I don't vote APC or PDP.

Economics knows no sentiments only facts

Niger that many states GDP is far higher than is what u are expecting to pay u ? How much ?

Bro we don't have the economics to build rails anywhere else apart from lagos to east ...lagos to Abuja

How many people go pay 20k rail to kano from lagos ?

Nigerian future is doom with all these clowns who loot the internal generated revenue and borrow money to pay salary, execute abandone project.
Infact they waste Nigerian resources and loot same.

Vardanes2:



Well, the same old private sector hasn't been investing in rails

Let's be honest, railways needs a lot of money. And the truth is, we haven';t had the money we need. So, we take loans.

.

Why is the private sector not investing in rails? When these loans are taken.... how and when are they to be repaid? .... in your words... we cannot depend on oil money... so where will the money come from? I can't believe after this write up you are still trying to justify why loans should be taken.
Our problem is the people.... short sighted people.... short sighted government.
#endsars protests was a great springboard to pressure the government to be responsible..... but we join the FG in demonizing the protests and here we are with the FG doing whatever they want. ... plunging the country into misery. We are our biggest problem.

When last did they do anything of the right priority? mtcheew

How will the private sector invest without the right policy environment. How much is rail biz that the private sector can't handle. Abi you no read the news?

Vardanes2:
Well, the same old private sector hasn't been investing in rails

Let's be honest, railways needs a lot of money. And the truth is, we haven';t had the money we need. So, we take loans.


The problem is that the government isn't ready to get us off oil or get us off the kind of economy we run...selling raw materials and using the cash to import. We need the economy to be reformatted to being productive enough to give us the kind of revenue we need to avoid borrowing.



Yes, and the uncertainty is happening because the basis of our dolalr earning is oil, and when oil prices stay too low, as has been happening since 2014, CBN has no choice but to restrict dollar flows, or else we would end up being as broke as Zimbabwe.

Igbochief001:
Railway , refinery are two low profit margin business u do with excess funds not real capital

Two the demand must be important and very high to warrant such

Lagos Abuja , lagos port Harcourt via onitsha ....are the only routes that requires a rail way now

The first routes sef if the government was sensible, these are the areas where the flash funds in terms of business are coming from.

Kaduna-kano to Lagos only giver shoe shiners, sugar cane sellers cheap form of access to flood the cities

Igbochief001:
Railway , refinery are two low profit margin business u do with excess funds not real capital

Two the demand must be important and very high to warrant such

Lagos Abuja , lagos port Harcourt via onitsha ....are the only routes that requires a rail way now

God bless u for this....I have been saying this exact thing.

And the mumu Government said they are going to pay back the loan with proceeds from the trains.

Tell them.

There are security implications if the private sector owns infrastructures like the rail system. The government needs to build them but let the private sector run the business in form franchise. They can sell franchise for revenue collection to separate group and rail maintenance to another group etc. Government should pay certain percentage based on earnings to franchisees. The earnings must be transparently observed by the government. Otherwise civil servants can collapse the system if they are left to run it.

ҡaռa ɖa քօɨռt ɮaɮa..
tօ ɖɛʋɛʟօք օʊʀ statɛ, աɛ ռɛɛɖ tօ ċʀɛatɛ a ʋɨaɮʟɛ atʍօsքɦɛʀɛ ʄօʀ ɨռʋɛstօʀs tօ ċօʍɛ ɨռ aռɖ ɖօ tɦɛ ռɛɛɖʄʊʟ. ɮʊt աɛtɨռ ʍaռ քɨҡɨռ ʄɨt ɖօ աɦɛռ aʟʟ tɦɛ քօʟɨtɦɨɛʄɨaռs ċaʀɛ aɮօʊtɮɨs tɦɛɨʀ քօċҡɛt.

chatinent:
And the train of pain will continue to jam all the looters causing pains, hungers, tears, and tough life for everyone.

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Let the author tell us which countries have their rails built by private sector.

adenigga:


Source: https://m.punchng.com/News/FG-borrowing-to-fix-rail-is-wrong-priority-PwC-Tax-head

Sounds Great !! Rails build all over the place depends on resourses there. Check interesting news on top countries rails on mixnews.

dumahi:

Oga Femi Adesina, so you are here on Nairaland. Good to know this

But how can you say a Public-Private Sector Partnership couldn't have worked on the ground that the money value is huge? Do you know the worth of the Nigerian private sector? And you said, "the same old private sector hasn't been investing in rails' as if they could have done so without the government inviting them first? Oga Femi, abeg, have conscience. At least, in a faceless forum like this, don't support your oga. But support the truth. Stop using your intelligence to serve the Devil. With due respect. Thank you.

Im not an Apc supporter and you completely missed my point.

Good morning

ProfAmaben:
Nigeria as a nation is finished, no thanks to the northerners that drained the country of it's entire resources during the military era. They have made sure that the country Nigeria would always be a laughing stock and they do this by always placing mediocrities in the public service and government offices.

As if that wasn't enough, they invented Boko Haram as a means of siphoning our Oyel money from the south. These northerners can destroy Switzerland or USA in a week if given the opportunity to govern such strong systems.

They keep breeding like rabbits just to keep winning elections since your democracy is based on numbers and not ability. The electoral college system of the US should be implemented here ASAP or better still, let's divide.

You said it all, especially the breeding like rats part

If the guy was Igbo, APC nutjobs will call him Ipob.

Everyday it becomes hard for BMC to defend their darling daddy without been stupid while at it , 30k no easy to work for ooo lol.

Govt should pass policies gear at the better good of her citizens not having premature ejaculation when it comes to NIN, citizens are not asking for u to credit them with 1m monthly, provide an enabling environment for businesses to thrive and peeps will gladly pay taxes, for now we see our taxes used to rehabilitate Boko Haram members, like Wtf!!!

Vardanes2:
Well, the same old private sector hasn't been investing in rails

Let's be honest, railways needs a lot of money. And the truth is, we haven';t had the money we need. So, we take loans.


The problem is that the government isn't ready to get us off oil or get us off the kind of economy we run...selling raw materials and using the cash to import. We need the economy to be reformatted to being productive enough to give us the kind of revenue we need to avoid borrowing.



Yes, and the uncertainty is happening because the basis of our dolalr earning is oil, and when oil prices stay too low, as has been happening since 2014, CBN has no choice but to restrict dollar flows, or else we would end up being as broke as Zimbabwe.

Go and watch men who built America

Ademat7:

Go and watch men who built America

Yes and the US was already an industrial economy to start with

Not an oil dependent economy like Nigeria.

To be like the us, we need to change our economy to industrial

Indebtedness is a bondage.Indebtedness makes one a ridicule,attracts insults,inferiority complex,loss of independence,sleepless night,high bp and untimely death.Instead of meshing yourself in indebtedness,learn to manage the little you have. Our forefathers lived from hand to mouth,yet they lived 100 + .Indebtedness leads to death.
U conquer Indebtedness by cutting to your clothes according to ur size.The words of our forefathers are words of wisdom.The wise hears and gets wiser.While the foolish hears and keeps arguing until he ends in the grave.

you know I have heard this a thousand times even secondary school kids know this but guess who doesn't know this the so called govt who just decided to be so willfully stupid or wicked or both, it really isn't rocket science, it's pathetic to just know the solution to your problem but you just wouldn't fix it.

Chekwume16:
How will the private sector invest without the right policy environment. How much is rail biz that the private sector can't handle. Abi you no read the news?

Basic issue is that because of dollar restrictions due to the falling price of oil, the private sector cant invest in rail

Vardanes2:


Im not an Apc supporter and you completely missed my point.

Good morning

OK bro. I only pulled your leg. Thanks for your understanding.

When the money they want to use, they have use to sacrifice their own need what do u expect... This country before e go better, e go be a very long time.... Nigeria will have to borrow everything and buy everything from other country... E nor get one thing wey we get or even they produce.....

BS under OBJ there was a huge drive for privatisation in all sectors including power and transport where are those things today Aside from Atiku and co using us to catch cruise what can we show for it?

A lot of the programs implemented now including this were arranged by GEJ government just completed/implemented now. The idea is that Nigerians should now be able to use these infrastructure to make money they can tax to pay China back.


We’ll see how realistic that is. Let us have peace and light first

Right now I am in an airport terminal built by the private sector looking out onto a concourse with a few aircraft airlines owned by the private sector. Nothing government here except Ibom Air.

All around me are billions of naira invested and expended by individuals and corporate bodies, all Nigerian.

You can just imagine if multinationals get involved. Furthermore, you can imagine if marquee global players get to drive investment in infrastructure and industry. There is no limit to the speed of development we will see because we have a potentially viable market.

Folks, the PWC chap is as right as rain. There are just no excuses. The structure of Nigeria is responsible for our under development, our poverty and these days our debilitating debt. Our structure, period.

There is just no way to make a 5ft 3in fellow a basketball legend. It just will not happen no matter every other consideration. Get a reasonable height first and the possibilities arise. So is Nigeria.

Speaktruth88:
BS under OBJ there was a huge drive for privatisation in all sectors including power and transport where are those things today Aside from Atiku and co using us to catch cruise what can we show for it?

A lot of the programs implemented now including this were arranged by GEJ government just completed/implemented now. The idea is that Nigerians should now be able to use these infrastructure to make money they can tax to pay China back.

We’ll see how realistic that is. Let us have peace and light first

That is what I am saying. The MM2 I am passing through was built in his time and attempts werw made in the Lagos - Ibadan highway.

And I did say then on this very forum (wow, been here long) that the success of those projects will have gone a long way to inspiring other 'investors' to pick up other sectors, since we love 'copying' success.

But things went wrong, politics came in and the highway project was lost, the airport truncated (though still operates).

Today the mountainous debt should not be IF we had projected the success of the Obasanjo years and developed a culture of private sector driven development of critical infrastructure.

But a smaller government is not what the owners of Nigeria wanted. So here we are. The PWC chap is as right as rain.

seunmsg:
Egbon Taiwo should shut up and stop taking rubbish. Mention one major public infrastructure in Nigeria that was developed by private investment since 1960? Or is he saying there has never been an enabling environment for private investment in public infrastructure?

Even in developed countries, it is still the government that is paying for massive public infrastructure. We should be encouraging government to develop our infrastructure in an open and transparent manner and not criticizing them. There is no sense in criticizing just for criticism sake.

Btw, let’s even assume private sector is funding some of these massive rail and road projects, are Nigerians willing to pay the actual market prices of the services those public projects would render? We’ve seen how Nigerians always resist increment in price of electricity since it was privatized. Even the Lagos-Ibadan tollgate that was priced commercially has been massively criticized. So, which private company will invest billions in public infrastructure when the people are not even willing to pay the appropriate prices for public services?

These are my views exactly.

The first and only concern of private business entities is to make money. They will not invest otherwise. There are areas of our country today that are not economically viable. They require govt investment to open them up, necessarily delaying return on investments. No private entity will risk it.

We also have to be careful about how many private entities we allow to take over our infrastructure. It is often a balance. Believe me, the $19trillion or so investable funds lying fallow worldwide will not come from our local investors but from this same Chinese, American and European govts and companies we are currently borrowing from. Our local investors and banks are still too small to play in the massive infrastructure requirement that requires billions of dollars with sometimes 10-15 years gesticulation period before returns are fully made.

Point is, it is a combination of tools that will get us there - enabling environment, market driven policies that sometimes lead to paying more for quality services rendered, govt led infrastructure development and concessioning thereafter to recover invested funds etc