na2016:


haha, you don't really know much about rail. It is an expensive shit and even with privatization, you still need be very careful else you will run at a loss. The case in hand is the UK.

tctrills:

I don't agree with you. True, a private company would run our rails more efficiently, still, it's a very big risk. High-speed rail is only profitable in 2 countries, Japan, and France. the problem was building them in the first place.

ivolt:






I am sure you guys will be shouting wicked government if the railway corporation charges a profitable rate.
Someone has to pay for "cheap" things.

ivolt:






I am sure you guys will be shouting wicked government if the railway corporation charges a profitable rate.
Someone has to pay for "cheap" things.

EXLOVER:
Where is Abacha's funds?



Where is James Ibori funds?

Okoroawusa:

Tell that to PDP

Timnico:
Lol, I knew the investment into the rail business was wasteful, Government doesn't build cities the provide the environment and policies, unfortunately, Buhari na Mu..... Mu.

sylvanus190:
Pleaseooooo what is happening to dangote refinery. it has not been in the news for some time now. and the oil FG discover in Northern nigeria?those are my question for the weekend. help a brother.

otokx:


We can do Lagos - Ibadan and have double track, we can extend Warri - Itakpe to Abuja up to Kaduna and hand it over to private hands.

chizzycute411:
How on Earth will u demand x6 of what u generate for maintenance. This has shown how incompetent this govt is. With the way they re going inflation will sobe on the high side soonest. May God liberate us from APC and PDP amen.

mrksquare:


The government doesn't need to privitize it. Is just to commercialize its operation. I'm aware the government is subsidizing the fare for commuters. The government can start by charging the fair value for transportation fare. As a way of ensuring that there is no leakages in financial flow of the agency, the ticketing system should be automated.

ubox:


You fell for the headline hook n sinker, this is what is there
"Okhiria said the Corporation has requested N61.5 billion as a proposal for 2022 procurement activities, which cuts across 22 budget lines.

barragan:
Nairaland is a breeding ground for ignorance.

Fools read:

Okhiria said the Corporation has requested N61.5 billion as a proposal for 2022 procurement activities, which cuts across 22 budget lines. These will include procurement of spare (including lubricants) for the locomotives, coaches and wagons; Insurance of locomotives and rolling stocks; rehabilitation of track from Port Harcourt to Makurdi; maintenance of roads into stators, rest houses, workshop, chalets end operational residential quarters, among others.


In addition, they are employing a 1000 more people.

Smh

hakeemhakeem:


not only operation cost there are some projects inclusive and purchase such as new locomotives, coaches and wagons; Insurance of locomotives and rolling stocks; rehabilitation of track from Port Harcourt to Makurdi; maintenance of roads into stators, rest houses, workshop, chalets end operational residential quarters, among others.

barinedan:
You generated 1billion but you need 61 billion for rehabilitation, where will 60 billion come from?

ivolt:






I am sure you guys will be shouting wicked government if the railway corporation charges a profitable rate.
Someone has to pay for "cheap" things.

SocialJustice:
Nigerian government officials are always busy signing away Nigeria in documents. That is the reason it is even impossible for government to take back the Discos.

The penalties attached to the Disco sale contracts cannot be afforded by Nigeria, but while the crafty businessmen where able to secure fail proof contracts, Nigeria was left out in the rain.

See what happened with that thieving aluminium contract, forgotten the name. That contract was the epitome of Nigerian public officials signing outrageous contracts against Nigeria. Same was done with the Disco sale and I'm too sure same will happen to the railways if they decide to sell.

Our railways are even over priced by as much as four times the actual average build cost in West Africa, not globally o. Lol, Nigeria. No businessman will go near them unless they are sold at actual average value in West Africa or even globally.

RiceProducers:
There are project items in the N61. 5bn, not just maintenance and salaries.
Some of the N61. 5bn will yield a lot of money when spent.
The NRC has assets that may be close to N1trillion that can yield income. The FG needs to sit down and allocate the money to them after the assets are sold or commercialized.

Ovamboland:


Show where the SGR price anywhere in west Africa or Africa is a quarter of the Nigerian railway cost.

The standard price for SGR is $3 - 15m per kilometer depending on terrain and other variables and Nigeria railway cost were all within the lower third band of this range. Infact most of the other complete SGR in Africa in Kenya and Uganda are more expensive than that of Nigeria

Samunique:


Generates 1.13 billion ?

demands 61.5 billion for maintenance?

Hahahahahaha

Nigeria my country !!!

ivolt:






I am sure you guys will be shouting wicked government if the railway corporation charges a profitable rate.
Someone has to pay for "cheap" things.

ppogba:


Every business comes with it's own risk. Rail business is not an exception.
Thank God you agree with me that a bit of ingenuity can turn it around.
The ABJ-KAD route is a lucrative one any day. In as much as banks are getting police officers to man their branches and pay on a weekly basis, a thinking NRC management will get a workable arrangement with security forces and that route will not fail for a day!.

IBD-LAG is route is faulty in terms of pricing and station. The IBD end station is not well located. PRESENTLY at OJOO while the old station is at DUGBE. A right thinking management will reduce the fee, buy buses that transfers passangers from the closest station at OMI-ADIO and you will see that route boom on SUNDAYS, MONDAYS and FRIDAYS.

With proper control in place, the diesel and lubricant consumption will reduce by at least half when you deal with the corruption embedded in the system..

UncleSnr:
This is what you get when you build railroad from Nigeria to Niger Republic instead of linking places with big markets.
Make una continue.

tctrills:

I don't agree with you. True, a private company would run our rails more efficiently, still, it's a very big risk. High-speed rail is only profitable in 2 countries, Japan, and France. the problem was building them in the first place.