Wawu

This is nothing but capitalist thinking. It's the same argument one president will use in the future to push up prices citing "cost-reflective" bla bla". It is not everything that's monetary. Also, some benefits are not directly monetary. The railways have opened up new places, improved trade and provided employment. It is evident in major communities surrounding train stations e.g Kubwa, Rigasa, Moniya etc

Bulldozer90:
Developers were not involved in the railway project, that's why it's running at a loss.

I posted that people mount train rooftops from Lagos to Ibadan despite the cheap train prices and the mods are trying to silence me. You abandoned viable eastern railway routes only to build them in Ibadan where absolutely nothing happens.

Your attached picture is from Congo. That's why the mods do t take you serious. Even in 1993, Nigerians weren't hanging on trains like this, let alone in 2023. Do better.

Nbote:
Welcome to Buhariconomics.. Instead of building infrastructures in areas that will guarantee traffic and revenue, they went to construct railway connecting Niger

You know the issue. If they had connected Lagos/South West with East and South South, the traffic in that route would have paid off the debt. It is similar reason why they built the largest refinery in Africa in Kaduna while the oil to be refined is in far away Niger Delta , we know the result.

Bulldozer90:
Developers were not involved in the railway project, that's why it's running at a loss.

I posted that people mount train rooftops from Lagos to Ibadan despite the cheap train prices and the mods are trying to silence me. You abandoned viable eastern railway routes only to build them in Ibadan where absolutely nothing happens.

So you can only post a 2016 picture to corroborate your propaganda?

Bulldozer90:
it's Lagos Ibadan train service

that is not Lagos Ibadan train. it is an old picture of Oshodi train. it was very common seeing this along the Agege/Oshodi route of the old train

RepoMan007:
Is the picture for real? I doubt it is from Nigeria.

lexy2014:
that is not Lagos Ibadan train. it is an old picture of Oshodi train. it was very common seeing this along the Agege/Oshodi route of the old train

PureFace1:



So you can only post a 2016 picture to corroborate your propaganda?

It's a Congolese train if you reverse search the image.

chopnaira:






It's a Congolese train if you reverse search the image.

thank you for clarifying

treesun:



https://punchng.com/railway-debt-servicing-exceeds-revenue-by-1200-report/

I for one know it will be like this
The initial railway should have been Lagos to Abuja, Lagos to Onitsha, Portharcourt to Abuja or Kano to Abuja.

Kaduna to Abuja is no business plan and no economic benefits

This is definition of pouring water inside basket

JASONjnr:
How can you build rail from the North to the North or from Lagos Ibadan and you expected to service your debt with it....


Ofcoz we know that running a rail from east to Lagos will generate enough money but they want to reduce the number of Igbos residing in Lagos.

Also, routing rails along insurgent areas where Boko Haram can easily attack passengers will reduce its services to avoid becoming a victim.


And with corrupt people embezzling the funds generated and reporting lower figures.

people prefer road from lagos to ibadan, cause it's shorter and more convenient.

chopnaira:






It's a Congolese train if you reverse search the image.

he just wanted to rubbished the train so bad lol

When Nigerian government plans to borrow money, what the have in mind is the % to be looted, this is why Nigeria swims in debt...

They have looted their own share, Nigerians we suffer the rest...

Politics has no benefit, it will either bring corruption or crime, both in most cases...

Na Ogun go kill all Nigerian politicians... Akeredolu was the opener, more deaths coming to u bastards...

SoNature:
There are several media reports that showed that the eastern railway line was the most lucrative in the country. There's a reason why the most successful transport companies are owned by the Igbos.

Yet, due to ethnic bigotry, Buhari ignored it to develop railways in regions where people rarely travel. How on earth did he think he was going to recover the loan used to finance that project?

That's how clueless leaders wreck this country. If you complain, they call you a wailer or child of hate. Yet, the country keeps getting worse.

How much are the airports built in your region generating ? with all the chest beating there's no viable airport in your region.

How much is the toll gate put on Niger bridge generating ? it is all noise

This train have some issues because of Insecurity and massive corruption and miss management, the revenue generated in 2022 was even higher than this year.

BNXNK:
are you sure ?

Don't mind the guy. So people will hang by the door like that from Lagos to Ibadan? However, that picture might be an intrastate train ride in Lagos, eg from Oshodi to Agbado along.

Nigeria happened as usual.

PureFace1:



How much are the airports built in your region generating ? with all the chest beating there's no viable airport in your region.

How much is the toll gate put on River Niger generating ?

This train have some issues because of Insecurity and massive corruption and miss management, the revenue generated in 2022 was even higher than this year.

Oga, stop defending stupidity. That's exactly what kept this country a shithole. I didn't write the report that said the eastern railway route was the most lucrative. We are talking about railways here, not airports.

Sensible leaders think like businessmen; they invest in areas where they will generate income for the country. In Nigeria, people in government come with ethnic agenda, making the country a big joke.

PS: this is the last reply you will get from me on this issue.

What is the meaning of all these kind of annoying statistic Nigerian love to use. Only in my country you will read news like 210%, 400%, 800% and its 1,200% now pls where is all these annoying strange percentages coming from?

I noticed when they want to lie its then they bring up all these mathematically abnormal percentages to confused the public.

Pls this has be happening since IBB era so don't think I'm referring to Tinubu administration alone.

What nonsense!!!

Bulldozer90:
Developers were not involved in the railway project, that's why it's running at a loss.

I posted that people mount train rooftops from Lagos to Ibadan despite the cheap train prices and the mods are trying to silence me. You abandoned viable eastern railway routes only to build them in Ibadan where absolutely nothing happens.

The picture of people on top of the train is an old picture. It has not happened again since they upgraded the service.

Bulldozer90:
Developers were not involved in the railway project, that's why it's running at a loss.

I posted that people mount train rooftops from Lagos to Ibadan despite the cheap train prices and the mods are trying to silence me. You abandoned viable eastern railway routes only to build them in Ibadan where absolutely nothing happens.

The mod supposed to block u for sharing fake info. That is not the colour and design of Lagos Ibadan train

U09ce:
This is nothing but capitalist thinking. It's the same argument one president will use in the future to push up prices citing "cost-reflective" bla bla". It is not everything that's monetary. Also, some benefits are not directly monetary. The railways have opened up new places, improved trade and provided employment. It is evident in major communities surrounding train stations e.g Kubwa, Rigasa, Moniya etc

Good thinking. The ipob miscreants that are talking bla bla about eastern corridor are simply being mischievous. Btw, is it not only during xmas and new year period that you see more traffic on that axis? Even that traffic has plummeted due to self- inflicted terrorism in parts of igboland. Lagos- Ibadan is just the first phase of lagos - kano corridor that'll pass through oshogbo, ilorin, minna and kaduna. Only a congenital mumu would say that this project is a waste.

I'm sure that with recent digitisation of payments, revenue generated will increase significantly as all the loopholes for stealing by railway workers has now been blocked.

That said, this story is quite misleading. Such infrastructure are supposed to be long term investments so the debt repayments are meant to be structured to make them relatively easy to pay from the revenues generated from tickets.

happney65:


The other day I said they borrowing huge amount of money to build these trains is just waste of money for a country like Nigeria they came for me.

The truth of the matter is that Infrastructure alone do not build a country. And when you want to build infrastructure,it must be infrastructure that pulls the people out of poverty. Now debt servicing alone exceeds 1200. Haba

Obasanjo did not take one single loan to fix telecommunications and the banking sector yet none of APC so called infrastructure makes 10 percent of what we get from those two. Those two sectors changed our lives completely

The funniest part of it is that, about 95 percent of Nigerians living in the Lagos/Ibadan axis won't board that train till they die.

The APC is like that Man that his children are going hungry and he couldn't even pay their school fees,but he tells them to chill that they should not worry that he is building a 15 storey building. . Maybe na House them go chop.

E.G. Aregbesola that took all humugous loans building white elephant projects and left the people of Osun in poverty and misery

U are very wise.

iwaeda:


Nigeria is a funny country. Let us start with the cost of the project, which would have been over inflated, shoddily prepared rate of return on investment. Most of the revenues find their ways into private pockets because no e-tickets. Also there should have been Port-Harcourt, Onitsha-Benin-Lagos route, this will be more viable.

Abuja to lagos would have been better but they chose kaduna to abuja

justmondris:


The picture of people on top of the train is an old picture. It has not happened again since they upgraded the service.

Even a partially sighted will see it clearly, but ipob miscreants' brain isn't functioning well so they think normal people can be easily fooled.

tollyboy5:

Abuja to lagos would have been better but they chose kaduna to abuja

Abuja-Lagos high speed was proposed by a Canadian company but Obasanjo rejected the terms. Abuja- Kaduna - kano is a good investment and will connect the lagos - Ibadan - minna- kaduna - kano.
God bless our dear native land of Nigeria and decimate her detractors.

DaddyJapan:
You cannot have trains running just once a day and expect to make a profit.

Three times daily trip. The problem is corruption.

SoNature:


Oga, stop defending stupidity. That's exactly what kept this country a shithole. I didn't write the report that said the eastern railway route was the most lucrative. We are talking about railways here, not airports.

Where's the report in which the bolded above is stated? Are we simply supposed to take your word for it, given that you've already been caught in a lie through your use of a Congolese picture to paint the SW in a negative light?

Sensible leaders think like businessmen; they invest in areas where they will generate income for the country. In Nigeria, people in government come with ethnic agenda, making the country a big joke.

Here the joke is on you, as you are so clearly incapable of taking your own advice, being as blinded by ethnocentrism as you are. There is no universe in which it makes more financial sense to spend on railways in the backwater that is the SE, while neglecting the SW which contains 2/3 of the entirety of Nigeria's non-oil economy. Only an economically illiterate tribalist would suggest otherwise, or be ignorant of the fact that the very first part of the railway system built by the British on Nigeria's founding was the very same Lagos-Ibadan route you're trying to badmouth. Clearly they understood economic realities which escape your bigoted little mind.

After extending into Marada in Niger republic where the economic value is zero and non profits and you are expecting to make profits..... ....

I always knew say it won't last more than 2years

Nbote:


Pray Tell, why don't you enlighten us with your load of superior knowledge on how the railway to Maradi Niger is more economically viable than an intra city line connecting the Southern parts and northern parts

Are there no lines connecting the north and south?