Daily

1 million passengers at ₦2000 - ₦2,000,000,000

Advertising on Trains - ₦200 Million
Advertising on Platforms - ₦150 Million
Advertising on Stations - ₦150 Million

Total - ₦2,500,000,000

Yearly x 365 - ₦912,500,000,000 (approx 1 Trillion yearly)


To further maximise profit
The government can buy land at surrounding train stations and build high-rise residential flats and offices. (same solution for the failing Abuja Metro)

The train ticket is cheap at ₦2K daily

UK daily Train card will cost you ₦21,000 daily

akingangan:
The train ticket is cheap at ₦2K daily

UK daily Train card will cost you ₦21,000 daily

Daft human how much is UK minimum wage?

This us exactly the type of analysis and post we need

akingangan:
Daily

1 million passengers at ₦2000 - ₦2,000,000,000

Advertising on Trains - ₦200 Million
Advertising on Platforms - ₦150 Million
Advertising on Stations - ₦150 Million

Total - ₦2,500,000,000

Yearly x 365 - ₦912,500,000,000 (approx 1 Trillion yearly)


To further maximise profit
The government can buy land at surrounding train stations and build high-rise residential flats and offices. (same solution for the failing Abuja Metro)

Cost of fuel?
Cost of maintenance?
Other cost of unforseen circumstances like accident?

Advertising on Trains - ₦200 Million
Advertising on Platforms - ₦150 Million
Advertising on Stations - ₦150 Million



Daily rate?

This is not feasible bro

akingangan:
Daily

1 million passengers at ₦2000 - ₦2,000,000,000

Advertising on Trains - ₦200 Million
Advertising on Platforms - ₦150 Million
Advertising on Stations - ₦150 Million

Total - ₦2,500,000,000

Yearly x 365 - ₦912,500,000,000 (approx 1 Trillion yearly)


To further maximise profit
The government can buy land at surrounding train stations and build high-rise residential flats and offices. (same solution for the failing Abuja Metro)

That train has just 4 carriages so how did you arrive at 1 million passengers a day ? That's not even possible in 50 years

akingangan:
The train ticket is cheap at ₦2K daily

UK daily Train card will cost you ₦21,000 daily

Even the 2k will not be affordable to average lagosian

SalamRushdie:


That train has just 4 carriages so how did you arrive at 1 million passengers a day ? That's not even possible in 50 years

The federal train can't even generate enough money for fuel

igwebuike01:

Cost of fuel?
Cost of maintenance?
Other cost of unforseen circumstances like accident?

Those are conservative estimates he used there. Tourist visits alone will add like a quarter of a million passengers to the estimate he used. The trip will increase from 12 to 72-76 trips daily.

There's also finance income from the savings and investment of the cash flow revenue. LASG has the institutional experience to grow that revenue by at least ×2.5. That's why we are Lagos the centre of excellence and pride of the black race. We are Omoluabi! Check my signature for free stuffs!

SalamRushdie:


That train has just 4 carriages so how did you arrive at 1 million passengers a day ? That's not even possible in 50 years

When the whole Metro train lines become operational

akingangan:


When the whole Metro train lines become operational

The entire system is designed to carry 500 thousand daily at it's full operational capacity so maybe you need to tweak your numbers a Little down

It's just a sign of naivety to make a projection to pay back same loan in a year without making provision for all the overheads that will be incurred daily to RUN the metro.

SALARIES
FUELLING
REPAIRS
FACILITY MAINTENANCE
ELECTRICITY BILLS
INTEREST ON LOANS
etc

PUSSYHOE:


Daft human how much is UK minimum wage?

Of course he won't answer this...

These are kind of inhumane people that we have in government. Their only concern is profit maximisation and only remember the electorate when it is election time.

FreeStuffsNG:
Those are conservative estimates he used there. Tourist visits alone will add like a quarter of a million passengers to the estimate he used. The trip will increase from 12 to 72-76 trips daily.

There's also finance income from the savings and investment of the cash flow revenue. LASG has the institutional experience to grow that revenue by at least ×2.5. That's why we are Lagos the centre of excellence and pride of the black race. We are Omoluabi! Check my signature for free stuffs!

All you're interested in is in growing revenue not in how efficiently the generated revenue is used.

With all the record breaking IGR of Lagos, the expectation is that the BRT would have phased out yellow buses by now and that there would be no single pothole in Lagos.

akingangan:
Daily

1 million passengers at ₦2000 - ₦2,000,000,000

Advertising on Trains - ₦200 Million
Advertising on Platforms - ₦150 Million
Advertising on Stations - ₦150 Million

Total - ₦2,500,000,000

Yearly x 365 - ₦912,500,000,000 (approx 1 Trillion yearly)


To further maximise profit
The government can buy land at surrounding train stations and build high-rise residential flats and offices. (same solution for the failing Abuja Metro)

Tell me you have never done business in your life without telling me you have never done business before

Firstly there is no how that train can carry 10,000 people per day not to talk about 2 million

Na your urine them go use run the train?
The train would be maintained by your blood abi
The drivers and workers won't earn because na you be their God


why should anyone pay 2000 for a tribe you can pay #300 in a bus for

Majority of people who can pay #2000 have their own car and dont even live in that direction of the train

Most live from Ajah to VI

@OP please, go and rear your fowls in peace and leave financial analysis for the experts.
Your nativity is a distraction.

akingangan:
The train ticket is cheap at ₦2K daily

UK daily Train card will cost you ₦21,000 daily

...and how much is average daily earning in UK versus Lagos?
Be using that thing hanging between you ears somewhere below your scalp sir.

That train can't move even 200,000/day people a say not to talk of a million.

Validated:
@OP please, go and rear your fowls in peace and leave financial analysis for the experts.
Your nativity is a distraction.

The experts who took dollar from N500 to N900 or another set?
You need to go and roast your mildly ripe plantain also.

The Transport for London's site says that the London Underground has 11 lines covering 402km and serving 272 stations, that it handles up to five million passenger journeys a day. At peak times, there are more than 543 trains whizzing around London......so it is good to use it to weigh the projection, while also bearing in mind that London is the size of Epe and Ikorodu put together.

akingangan:
The train ticket is cheap at ₦2K daily

UK daily Train card will cost you ₦21,000 daily

No sense......How much is a daily paid job in Nigeria compared to UK. Can you as an individual spend 21k daily on transportation when you can barely earn 10k a day on average. Where will the money come from?

Meanwhile, your estimation is wrong. Where will money for salaries, maintenance, fuelling and logistics come from?
Moreso, not everyday will the train go to work, during maintenance, the train will not be at work. Maybe Lagos state government will still borrow to Carter for those. After all, we live by borrowing in Nigeria

FreeStuffsNG:
Those are conservative estimates he used there. Tourist visits alone will add like a quarter of a million passengers to the estimate he used. The trip will increase from 12 to 72-76 trips daily.

There's also finance income from the savings and investment of the cash flow revenue. LASG has the institutional experience to grow that revenue by at least ×2.5. That's why we are Lagos the centre of excellence and pride of the black race. We are Omoluabi! Check my signature for free stuffs!

pride of the what ?

How realistic.?

Government will still cover 50% of the loan repayment and get 50% from operating the project.

They must have submitted their loan repayment plan before getting the loan.

Your analysis is not right for now the longest journey is mile 2 to Marina is 375 and it runs 12 times daily to and from.let say a coach contain 50 people
375x50 person per coach =18750
18750×5 coach =93750
93750×12 trips per day for now 6 times in morning and 6 times in evening =1,125,000

If govt want this to be viable, the need to get a big car park in the Festac axis, so people can park and ride. But you know Nigeria now, cars would be vandalized before owner return

PUSSYHOE:


Daft human how much is UK minimum wage?

no need to abuse anyone

The thread is about covering or recovering the cost of the project
The minimum wage has no relevance
Some things have a minimal international cost and we either pay the price or do without.
We are seeing that now with petrol
We pay more in Nigeria for cars for example than in the UK minimum wage does no t affect that . If you want a car you pay the cost same thing goes for tyres and every other thing we import.So long it is imported you have zero choice

What is relevant is the cost of delivering and maintaining the scheme.

We can either take the position that in view of our minimum wage that such schemes are not for our people
and they should continue okada, we ask people to pay market determined prices or we subsidise it

Now if we subsidise it where will the money come from.?

The project was delivered with borrowed money that must be repaid. How?

The simple truth is we must ask the question all the time about EVERYTHING the government does

Where will the money come from