mrvitalis:
You spend over $3 billion dollars for rail ways and you are expecting $170 million dollars in
10 years ..... Am sure it cost more than $50 million to run these trains yearly


My issue is we Borrowed money to build this rubbish trains that has little or no economic benefits... How can you borrow money to build something that would make u spend more money

Socialism is anti development

If $3 billion dollars were given to pharmaceutical companies in Nigeria since 2015 as a loan at 5%

1) we would have that money back again plus 5% interest
2) we would be a net exporter of drugs earning dollars
3) companies revenues would grow increasing government revenue
4) thousand would be employed increasing payee tax
5) GDP would have grown by at least 8 billion dollars

If we give that to garment factory
If we used that money to revive aluminum company in ikot ekpene
If we used that money to help glass importers set u floating glass factory
If we used that money to help Leather works industry
If we used that money to make improved agriculture seedlings available


Each of this would yeild more

Just like the useless awolowo cocoa house that can never break even in this life or the next... Nigerian APC leaders like feel good projects...
To them economic viability is not important
Just build it let people praise us

I pray more shallow minded people like you never find their way to the nations political sphere, we don't need more dundees to the ones we already have.

Like, do you know how many billions of naira the economy lose annually to hold up and sub par transport system within a week in Nigeria?
You would be surprised this same person has finished secondary school o

arcbaba:
You dont seem to understand the benefit of effective transportation to economic growth, business and development. It transcends cashback, has multiplier effect on growth. I currently run a project in Kaduna with my business based in abuja. I am able to plan my movement and cummute with ease, both my abuja and kaduna business are running smothly, imagine knowing you cannot miss an appointment beacuse the train is always on time no delays or hitches. This is what investors look at to make business investment decisions

Lmaooo so you can't do that by road or flight?

Don't imported goods get to Kaduna? Why can't you use same infrastructure the importers use

It's evening for all corrupt NRC staffs

sukkot:
wee you kip kwayet. The profit from building trains is more than the direct profit but it is cumulative as people can now move around and do business and that’s more taxes for the government. Learn to think comprehensive bro. This 2 by 4 shop thinking no be how dem Dey build country oooo

What economic development has any of the rail brought tell us pick one and tell us I would wait

aQUINandmore:
I pray more shallow minded people like you never find their way to the nations political sphere, we don't need more dundees to the ones we already have.

Like, do you know how many billions of naira the economy lose annually to hold up and sub par transport system within a week in Nigeria?
You would be surprised this same person has finished secondary school o

Lmao it I ask you to give me numbers now
Th economic benefits of the rail system. You can't

Is rail system good? Yes

Does it make sense to borrow to do it? No that's madness

JagabanB:

Ur point is exquisite, when u have mindset like this, I always urge people like u to stand up for your society, stand up for ur society starting from ur senatorial district and overtime, these changes will come.

Your public approval of his post shows how bad our education system has become in Nigeria, as in.

bamiro57:
IBM Cybersecurity Analyst Professional Certificate @4k only interested send me a text on wats app numba @signature

Note: i will do the subscription first before you pay me for trust issues

Skills you'll gain
Information security analyst
IT security analyst
Junior cybersecurity analyst
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You this scammer...

mrvitalis:
You spend over $3 billion dollars for rail ways and you are expecting $170 million dollars in
10 years ..... Am sure it cost more than $50 million to run these trains yearly


My issue is we Borrowed money to build this rubbish trains that has little or no economic benefits... How can you borrow money to build something that would make u spend more money

Socialism is anti development

If $3 billion dollars were given to pharmaceutical companies in Nigeria since 2015 as a loan at 5%

1) we would have that money back again plus 5% interest
2) we would be a net exporter of drugs earning dollars
3) companies revenues would grow increasing government revenue
4) thousand would be employed increasing payee tax
5) GDP would have grown by at least 8 billion dollars

If we give that to garment factory
If we used that money to revive aluminum company in ikot ekpene
If we used that money to help glass importers set u floating glass factory
If we used that money to help Leather works industry
If we used that money to make improved agriculture seedlings available


Each of this would yeild more

Just like the useless awolowo cocoa house that can never break even in this life or the next... Nigerian APC leaders like feel good projects...
To them economic viability is not important
Just build it let people praise us

The big picture is to spread economic growth in the SW through integrated rail, metro, bus, and river transportation similar to what is obtained in OECD countries.

As it is people living in Ibadan and Abeokuta can conveniently transact business in Lagos and return to the comfort of their homes. You can take the main rail line; from Ibadan, get off at Ikeja and take the red line down to Marina. At Marina, you can board a BRT bus to Victoria Island. In fact once the other lines such as the Purple line begin to interface nowhere in Lagos will be more than 30 minutes away.

Economic growth becomes unmanageable without a good transport system that can open up different locations and spread wealth. This is far more important than having industries that struggle to get their raw materials or that have high costs in getting to market - bringing about high cost. Wealth distribution is key and transport infrastructure is the platform this rides on.

mrvitalis:

Lmao it I ask you to give me numbers now
Th economic benefits of the rail system. You can't

Is rail system good? Yes

Does it make sense to borrow to do it? No that's madness

Chai, some of una too dull for this country abeg.
For the fact that you don't know the economic benefit of a viable rail system in an economy like Nigeria doesn't mean others don't.
I can give you 20 economic benefits of rail in Nigeria without straining my brain a bit.

And about borrowing, where else do you expect the govt to fund the project if not borrowing?
USA, Australia, France, UK etc all borrow money for projects, France even took loan for her TGV rail project, UK did, even Germany does.

Your problem is you know nothing, you just want to criticize to attract cheap likes from your fellow dead headed zombies.

mrvitalis:
You spend over $3 billion dollars for rail ways and you are expecting $170 million dollars in
10 years ..... Am sure it cost more than $50 million to run these trains yearly


My issue is we Borrowed money to build this rubbish trains that has little or no economic benefits... How can you borrow money to build something that would make u spend more money

Socialism is anti development

If $3 billion dollars were given to pharmaceutical companies in Nigeria since 2015 as a loan at 5%

1) we would have that money back again plus 5% interest
2) we would be a net exporter of drugs earning dollars
3) companies revenues would grow increasing government revenue
4) thousand would be employed increasing payee tax
5) GDP would have grown by at least 8 billion dollars

If we give that to garment factory
If we used that money to revive aluminum company in ikot ekpene
If we used that money to help glass importers set u floating glass factory
If we used that money to help Leather works industry
If we used that money to make improved agriculture seedlings available


Each of this would yeild more

Just like the useless awolowo cocoa house that can never break even in this life or the next... Nigerian APC leaders like feel good projects...
To them economic viability is not important
Just build it let people praise us

Stop displaying your ignorance , railways are used majorly for heavy duty transportation and it is part of what was expected for all the rail networks in Nigeria to haul goods from one end to another , passenger trains are just an addendum and the real revenue will be generated when haulage services commence.

When you all travel abroad what d0 you g0 there to utilise? Is it not good infrastructure? The pharmaceutical industry you are talking about is it only road they will use ? Won't railways come in handy? By the way why didn't your PDP leaders carry out your idea since they don't do " feel good projects "

The highest region with more migrants is the south west and the reason is because they had a good enabling environment in place from the 60s .

aQUINandmore:
Chai, some of una too dull for this country abeg.
For the fact that you don't know the economic benefit of a viable rail system in an economy like Nigeria doesn't mean others don't.
I can give you 20 economic benefits of rail in Nigeria without straining my brain a bit.

And about borrowing, where else do you expect the govt to fund the project if not borrowing?
USA, Australia, France, UK etc all borrow money for projects, France even took loan for her TGV rail project, UK did, even Germany does.

Your problem is you know nothing, you just want to criticize to attract cheap likes from your fellow dead headed zombies.

Don't mind him ,the Obi the worship left debt for Obiano ,when they asked him he said the debt is tied to projects , why didn't he pay for the projects without borrowing? Since he was only saving, he should have paid for the projects from what he saved . A lot of Nigerians lack critical analysis skills.

Thank God for this because the Nigeria railway staff and Police at the Ujevwu-Itakpe Railway route are taking all the revenues home by selling a different ticket to passengers

They are big thieves in that route

BreconHills:


The big picture is to spread economic growth in the SW through integrated rail, metro, bus, and river transportation similar to what is obtained in OECD countries.

As it is people living in Ibadan and Abeokuta can conveniently transact business in Lagos and return to the comfort of their homes. You can take the main rail line; from Ibadan, get off at Ikeja and take the red line down to Marina. At Marina, you can board a BRT bus to Victoria Island. In fact once the other lines such as the Purple line begin to interface nowhere in Lagos will be more than 30 minutes away.

Economic growth becomes unmanageable without a good transport system that can open up different locations and spread wealth. This is far more important than having industries that struggle to get their raw materials or that have high costs in getting to market - bringing about high cost. Wealth distribution is key and transport infrastructure is the platform this rides on.

Stop educating him , when other regions leave his region behind infrastructure wise ,they will come here to still complain .

benardtotti:


Stop displaying your ignorance , railways are used majorly for heavy duty transportation and it is part of what was expected for all the rail networks in Nigeria to haul goods from one end to another , passenger trains are just an addendum and the real revenue will be generated when haulage services commence.

When you all travel abroad what d0 you g0 there to utilise? Is it not good infrastructure? The pharmaceutical industry you are talking about is it only road they will use ? Won't railways come in handy? By the way why didn't your PDP leaders carry out your idea since they don't do " feel good projects "

The highest region with more migrants is the south west and the reason is because they had a good enabling environment in place from the 60s .

Lol 😂😂😂 so you borrow money to build social project... A country that debt servicing is already 105% revenue

How does that make sense

We're did I say rail is bad?.

Hope u can't read

aQUINandmore:
Chai, some of una too dull for this country abeg.
For the fact that you don't know the economic benefit of a viable rail system in an economy like Nigeria doesn't mean others don't.
I can give you 20 economic benefits of rail in Nigeria without straining my brain a bit.

And about borrowing, where else do you expect the govt to fund the project if not borrowing?
USA, Australia, France, UK etc all borrow money for projects, France even took loan for her TGV rail project, UK did, even Germany does.

Your problem is you know nothing, you just want to criticize to attract cheap likes from your fellow dead headed zombies.

Give me 5 with Kaduna and Abuja rail that u borrowed to build

I would wait

mrvitalis:

Lol 😂😂😂 so you borrow money to build social project... A country that debt servicing is already 105% revenue

How does that make sense

We're did I say rail is bad?.

Hope u can't read

Do you even have the comprehensive details on the rail project ? I know you don't cos if i ask you some critical questions on it you can't reply, I am an insider in the rail program, so I know , stop displaying your ignorance on matters above your knowledge on a public forum bro , it doesn't make you look good .

BreconHills:


The big picture is to spread economic growth in the SW through integrated rail, metro, bus, and river transportation similar to what is obtained in OECD countries.

As it is people living in Ibadan and Abeokuta can conveniently transact business in Lagos and return to the comfort of their homes. You can take the main rail line; from Ibadan, get off at Ikeja and take the red line down to Marina. At Marina, you can board a BRT bus to Victoria Island. In fact once the other lines such as the Purple line begin to interface nowhere in Lagos will be more than 30 minutes away.

Economic growth becomes unmanageable without a good transport system that can open up different locations and spread wealth. This is far more important than having industries that struggle to get their raw materials or that have high costs in getting to market - bringing about high cost. Wealth distribution is key and transport infrastructure is the platform this rides on.

U would never condemn Lagos metro it was not built with loans

Two Lagos is in a better financial situation than Nigeria

Your debt servicing to GDP ratio is 105% you manage to get loans and it's rail way you think of building? Is that not madness?

benardtotti:


Do you even have the comprehensive details on the rail project ? I know you don't cos if i ask you some critical questions on it you can't reply, I am an insider in the rail program, so I know , stop displaying your ignorance on matters above your knowledge on a public forum bro , it doesn't make you look good .

Lol 😂😂😂

Oya list 5 benefits of this rail say Kaduna -Abuja rail. It's been 5 years

Rail systems is like building a house in your village or taking your kids to vacation

They are important but makes no sense to do them when you have no money and you borrow to do them

There is nothing the trains can do that trucks can't do

And the rail for moving of goods is locomotive rails not this modern passenger trains wr built

I checked the site now, it's still only Abuja to Kaduna route that is there. How can you use loan to build train and allow manual ticketing? The last time I used the Ujevwu to Itakpe train, policemen, civil defence officers, train workers all have seats reserved for them that they fix passengers and collect the money

aQUINandmore:

Your public approval of his post shows how bad our education system has become in Nigeria, as in.

I like his point actually, it doesn't have anything to do with education, different point of view on this particular subject doesn't reflect education.
I actually sent my reply before realizing he's an Obident and may be talking out of sentiments but I like his points and it reflects my idea that investment in the society should be paramount.

mrvitalis:

Lol 😂😂😂

Oya list 5 benefits of this rail say Kaduna -Abuja rail. It's been 5 years

Rail systems is like building a house in your village or taking your kids to vacation

They are important but makes no sense to do them when you have no money and you borrow to do them

There is nothing the trains can do that trucks can't do

And the rail for moving of goods is locomotive rails not this modern passenger trains wr built

I asked you a question,do you know the comprehensive details of the railway project?

mrvitalis:

Problem is people like me are to small

I try to educate my friends and families charge them to do the same

People who are big today were once small, whatever u desire ur society to be is what u should represent at all times.
That's my point.

mrvitalis:

Give me 5 with Kaduna and Abuja rail that u borrowed to build

I would wait

abeg which kind mumu children come full dis politics section for nairaland sef, abeg make una dey stick to romance section abeg
Make I help you with few benefits here.
*Reduction in Road Congestion: The Abuja kaduan rail system has led to a decrease in road congestion, as more people and goods opt for rail travel. This, in turn, reduces wear and tear on roads and lowers maintenance costs, benefiting the local and national economy.

*Enhanced Productivity: The Abuja kaduna rail ensures reliability and punctuality for people and businesses along the Abuja kaduna corridor, the rail service allows businesses to better plan and optimize their supply chains. This predictability and efficiency in logistics can leads to increased productivity and cost savings for industries relying on transportation.

*Improvement of Livelihoods: Access to the rail system has improved the livelihoods of individuals living in Abuja, Kaduna, and the surrounding areas. It has expanded the pool of employment opportunities, increased access to education and healthcare, and improved overall living standards, indirectly contributing to the economic well-being of the population.

*Job Creation and Economic Development: The construction and operation of the rail system have generated employment opportunities, directly and indirectly. The infrastructure development phase created jobs in construction, while the operational phase continues to provide employment in various roles, including train operators, station staff, and maintenance personnel. Additionally, the improved connectivity has attracted investment and business development in the region, fostering economic growth.

*Boost to Regional Trade and Commerce: The improved transportation infrastructure has stimulated regional trade and commerce. Businesses can now more easily transport their products to different markets, and consumers can access a wider range of goods and services. This has contributed to economic growth and the expansion of local businesses.

*Enhanced Connectivity and Accessibility: The rail system has improved connectivity between Abuja, the capital city, and Kaduna, a major economic hub in northern Nigeria. This increased accessibility has facilitated the movement of people and goods, supporting business activities and trade between these two important cities.

*Reduction in Transportation Costs: The rail system provides a more cost-effective mode of transportation for both passengers and freight. By offering an affordable and efficient alternative to road travel, it has helped to reduce transportation costs for individuals, businesses, and industries in the region.

the Abuja-Kaduna rail system has provided economic benefits by enhancing connectivity, reducing transportation costs, boosting regional trade and commerce, creating job opportunities, and attracting tourism and investment. These advantages have not only improved the quality of life for residents but have also contributed to the overall economic development and prosperity of the region, I no say you fit no even understand all these things sef.

I hope you have learnt a few things, now run along

benardtotti:


I asked you a question,do you know the comprehensive details of the railway project?

I can't know the total details of the rail

But I know enough to know they are economically none viable and a waste of limited resources at this point

If Nigeria he excess sure rail is a good investment sure but to borrow money to build rail when your debt servicing is more than revenue is something only socialists can come up with

Good move we use e ticket for brt and Lagos train
Lagos generate money through it

mrvitalis:
You spend over $3 billion dollars for rail ways and you are expecting $170 million dollars in
10 years ..... Am sure it cost more than $50 million to run these trains yearly


My issue is we Borrowed money to build this rubbish trains that has little or no economic benefits... How can you borrow money to build something that would make u spend more money

Socialism is anti development

If $3 billion dollars were given to pharmaceutical companies in Nigeria since 2015 as a loan at 5%

1) we would have that money back again plus 5% interest
2) we would be a net exporter of drugs earning dollars
3) companies revenues would grow increasing government revenue
4) thousand would be employed increasing payee tax
5) GDP would have grown by at least 8 billion dollars

If we give that to garment factory
If we used that money to revive aluminum company in ikot ekpene
If we used that money to help glass importers set u floating glass factory
If we used that money to help Leather works industry
If we used that money to make improved agriculture seedlings available


Each of this would yeild more

Just like the useless awolowo cocoa house that can never break even in this life or the next... Nigerian APC leaders like feel good projects...
To them economic viability is not important
Just build it let people praise us

Are you for real? Most of the companies you mentioned up there can sort for fund and get it if they are serious. One of the biggest problem of Nigeria is people with the money or those that have the capacity are always afraid of taking the big steps, infact most times they wait for others to start first and when they see their is huge profit they jump in. Infact it's easier for big companies to get fund in Nigeria than small companies. The railways are extremely important, they can be use to move heavy goods like agricultural produce from the north to south at cheaper rate which can in turn reduce the cost of food. Petroleum products can be move up north from the south. Carrying heavy goods via railway will in turn prevent over use of our road thereby extending their lifespan.

thedio:


https://punchng.com/e-ticketing-will-increase-railway-revenue-says-minister/

Very good development
ICT & Electronic systems will definitely curb corruption

Best thing is to have app and card like cowry

aQUINandmore:
abeg which kind mumu children come full dis politics section for nairaland sef, abeg make una dey stick to romance section abeg
Make I help you with few benefits here.
*Reduction in Road Congestion: The Abuja kaduan rail system has led to a decrease in road congestion, as more people and goods opt for rail travel. This, in turn, reduces wear and tear on roads and lowers maintenance costs, benefiting the local and national economy.

*Enhanced Productivity: The Abuja kaduna rail ensures reliability and punctuality for people and businesses along the Abuja kaduna corridor, the rail service allows businesses to better plan and optimize their supply chains. This predictability and efficiency in logistics can leads to increased productivity and cost savings for industries relying on transportation.

*Improvement of Livelihoods: Access to the rail system has improved the livelihoods of individuals living in Abuja, Kaduna, and the surrounding areas. It has expanded the pool of employment opportunities, increased access to education and healthcare, and improved overall living standards, indirectly contributing to the economic well-being of the population.

*Job Creation and Economic Development: The construction and operation of the rail system have generated employment opportunities, directly and indirectly. The infrastructure development phase created jobs in construction, while the operational phase continues to provide employment in various roles, including train operators, station staff, and maintenance personnel. Additionally, the improved connectivity has attracted investment and business development in the region, fostering economic growth.

*Boost to Regional Trade and Commerce: The improved transportation infrastructure has stimulated regional trade and commerce. Businesses can now more easily transport their products to different markets, and consumers can access a wider range of goods and services. This has contributed to economic growth and the expansion of local businesses.

*Enhanced Connectivity and Accessibility: The rail system has improved connectivity between Abuja, the capital city, and Kaduna, a major economic hub in northern Nigeria. This increased accessibility has facilitated the movement of people and goods, supporting business activities and trade between these two important cities.

*Reduction in Transportation Costs: The rail system provides a more cost-effective mode of transportation for both passengers and freight. By offering an affordable and efficient alternative to road travel, it has helped to reduce transportation costs for individuals, businesses, and industries in the region.

the Abuja-Kaduna rail system has provided economic benefits by enhancing connectivity, reducing transportation costs, boosting regional trade and commerce, creating job opportunities, and attracting tourism and investment. These advantages have not only improved the quality of life for residents but have also contributed to the overall economic development and prosperity of the region, I no say you fit no even understand all these things sef.

I hope you have learnt a few things, now run along

So all this justify wasting $1 billion of money we borrowed on that project? Lmaooo

1) was there even a road congestion issue between Abuja and Kaduna? The answer is no
So that point is invalid

2) enhance what productivity abeg? Do you just state random things from your head?

3)improve what livelihood lmao oya give me one community that has benefited n what it benefitted una self eeh

4) job creation? Total job created from th 1 billion dollars project is less than 1000 how that makes sense to you needs to be studied

5) did you just say reduce transportation costs? Bro pass me what you are smoking. .

Rail cost more than bus travel to the sake Kaduna

6) economic activity .... Exactly name this economic activities. Are they imaginary? Or only you can see them

I want to see the value of the economic and that would warrant $1 billion dollars investment we borrowed

Blakjewelry:

Are you for real? Most of the companies you mentioned up there can sort for fund and get it if they are serious. One of the biggest problem of Nigeria is people with the money or those that have the capacity are always afraid of taking the big steps, infact most times they wait for others to start first and when they see their is huge profit they jump in. Infact it's easier for big companies to get fund in Nigeria than small companies. The railways are extremely important, they can be use to move heavy goods like agricultural produce from the north to south at cheaper rate which can in turn reduce the cost of food. Petroleum products can be move up north from the south. Carrying heavy goods via railway will in turn prevent over use of our road thereby extending their lifespan.

You obviously haven't owned a factory

The best loan you can get in Nigeria is 25% interest and you start paying immediately

Bros carry heavy duty machines, petroleum products and the rest.... Were this things lacking before now? Did anyone in the North tell you their issue is how to move goods and machines..

Have you seen any machine on those trains?

The imported goods how do they move them

Trains are good but borrowing to build trains is foolishness

seunlayi:
Some railway workers I know started wearing this mournful look some days ago especially this guy that will always says that anybody that is hungry or broke in this Tinubu is lazy, I never knew that a new development about e-ticketing is coming up
E don red for them

He's part of those causing havoc to the growth of this country. It would have been better if the govt concession the railway to private sector to run to guarantee efficiency.

mrvitalis:

I can't know the total details of the rail

But I know enough to know they are economically none viable and a waste of limited resources at this point

If Nigeria he excess sure rail is a good investment sure but to borrow money to build rail when your debt servicing is more than revenue is something only socialists can come up with

Since you have no idea what you are debating, let me leave you in your ignorance , ignorance they say is bliss , 5 to 7 years from now I will come back here ( if God spares our lives) to remind you of your ignorance, hopefully before then you would have reversed yourself and borrowed knowledge.