₦airaland Forum

rvp20182:
So when do you expect your airport line to ever be populated. See the whole of Abuja is Potemkin village. Just because other cities have train from Airport to the city center - you started from it. And that is airport that is like 40kms from Abuja city center

Total waste of money.

As for Nigeria projects - none has been completed since 2016 when these thread started - and none likely to be completed - because you gov is BROKE. NO MONEY.

It will likely go the way 10B dollar rusted to the ground in the Ajeuokota steel mill.

lagos/ibadan rail-line began after this thread or so, it's complete.

Port-harcourt to maiduguri rail line (1443km) rehabilitation at $3b started 5 months ago.

Just two days ago, construction of coastal rail line... Lagos-calabar (1400km) double standard gauge at over $11b was approved.

Just last month, construction of lagos red line began, yeah, city metro.....

I can go on and on.......simply because u don't see us whine over projects here doesn't mean u're building than us.

rvp20182:
Pleasantly suprised. I see it carried 42,000 in a month - that is 1,000 passenger per day

pls, be concerned about urs for once.

theenchanter:
pls, be concerned about urs for once.

pepper dem

rvp20182:
It doesnt make any difference. Ethiopia one is carrying 200,000 per day.
1000 passengers can be carried by 10 buses - two trips per day - 50 passenger each a day
That is just wasted of money in many level - that train is burning lot of diesel for nothing.
Let write off the investment there -

Railway if it to carry passengers - should be playing around a million passenger per day - not 1,000.

ethiopian rail line doesn't carry 200000 passengers.

NTSA:
Apparently it runs From some place called IDU to the Airport ,Earlier on, I thought it was a commuter rail running all around Abujas neighborhood untill I googled.

That’s first phase.second phase runs within the city.heck even the first phase still cut through the city.

Shaytun:
Rvp you’re back again with your deluded claims

Are you sure it was ngozi that forced the merger of Nigeria banks ...or are you reading the back page of history again??

What do I epect from a guy that claims 99% of Nigeria revenue is used to service debt . Madness

He is crazy.Normally, I would stop responding to a specimen like that but I do so that he wouldn't mislead other ignorant folks like himself.

And I see he has reverted to name calling like a child getting beat up on the playground. When he does that, I know I am hitting him hard.

theenchanter:
pls, be concerned about urs for once.

He will still find a way to twist it, further making a fool of himself.

rvp20182:
1) Ngozi as Min of Finance - rescued your banking sector - that was broke - and forced them to merge - from I think about 89 banks to 18 banks.

Your ignorance is indeed bliss to you. No wonder though, you are a product of a Kenyan failed polytechnic system.
The banks in Nigeria are regulated by the CBN which is independent of the Ministry of Finance. Ngozi was never in charge of CBN, that was Charles Soludo.
And, I am sure even in Kenya the Central bank is different from the finance ministry. You've shown clearly you don't know the difference between the functions of a central bank and the finance ministry.

Furthermore, this excuse of yours shows clearly that you are afraid when it comes to the difference between our banks and yours. Your banks are small and useless. Your biggest bank is like the tenth in Nigeria, another proof that the Nigerian GDP is what they say it is.

rvp20182:
2) Stock exchange is hardly a measure of private sector of a country - an stock can be listed anyway. Namibia equity market is worth 140B dollars (listed 400 plus companies). Nigeria equity market cap is about 55B (listed 177 companies). Kenya equity market cap is about 25B (listed 49 companies).There are many kenya companies that are not listed in stock exchange .
4) The real size of private sector - give me the taxes they pay - [b]Nigeria corporate tax rate is 30 percent - kenya is 30 percent.[/b]

Of course, stock exchange, while not the only way to judge the size of the private sector, remains one of the best ways to do that. If your private sector is actually bigger than ours, then your stock exchange wouldn't be less than half of ours.

And finally, tax is not a good way to judge the size of the private sector. Not every country is ready to tax the life out of their poor citizens like Kenya.
Private sector is all the part of the economy which is not controlled by the government, and which is commercial. It might be formal or informal.

Are we talking about the same Prof Charles Soludo that the world acclaimed economist Dr Ngozi described as the worst central bank governor. Yes CBN is independent - but not from Treasury or Finance Ministry. It's foremost the treasury bank. How can it be independent of it's main and only customer in most countries.

The question is why were bank consolidated during Ngozi time - because it was part of debt clean up and financial reforms that she undertook with Paris Club.It is not a coincidence that Nigeria bank consolidation happened in 2005.

As for kenyan banks - they are not bankrupt and going down with depositor moneys - they are naturally consolidating - that is why as we speak Equity right now has 11B dollars (should be top 4 in NIgeria) - and will be 25B dollars by 2024 - beating any Nigeria banks.

Again banking sector in kenya is 50 b dollars worth in asset - Nigeri is 100B - despite the 4 times population difference - therefore per capita kenya banks are twice bigger if you factor that proportion.

Private sector - stock exchange is good indicator - but the only indicator. I have given you a sure way - corporate taxes - both Nigeria and Kenya charge the same 30 percent. You expect compliance at that level - private sector to be high. We can argue about MSME -

obaaderemi:
Your ignorance is indeed bliss to you. No wonder though, you are a product of a Kenyan failed polytechnic system.
The banks in Nigeria are regulated by the CBN which is independent of the Ministry of Finance. Ngozi was never in charge of CBN, that was Charles Soludo.
And, I am sure even in Kenya the Central bank is different from the finance ministry. You've shown clearly you don't know the difference between the functions of a central bank and the finance ministry.

Furthermore, this excuse of yours shows clearly that you are afraid when it comes to the difference between our banks and yours. Your banks are small and useless. Your biggest bank is like the tenth in Nigeria, another proof that the Nigerian GDP is what they say it is.

Of course, stock exchange, while not the only way to judge the size of the private sector, remains one of the best ways to do that. If your private sector is actually bigger than ours, then your stock exchange wouldn't be less than half of ours.

And finally, tax is not a good way to judge the size of the private sector. Not every country is ready to tax the life out of their poor citizens like Kenya.
Private sector is all the part of the economy which is not controlled by the government, and which is commercial. It might be formal or informal.

Wet dreams. Lagos-Ibandan - mere 100kms - was started in 2012 - and has taken almost 10yrs - to complete. That is crazy. Nairobi to Mombasa a line of 500km - took 3yrs to be completed.

The same with the rest. You are building 10Km per year. That is why there is Julius Berger towns all over Nigeria. Your country is broke and cannot finance project in timely money.

theenchanter:
lagos/ibadan rail-line began after this thread or so, it's complete.

Port-harcourt to maiduguri rail line (1443km) rehabilitation at $3b started 5 months ago.

Just two days ago, construction of coastal rail line... Lagos-calabar (1400km) double standard gauge at over $11b was approved.

Just last month, construction of lagos red line began, yeah, city metro.....

I can go on and on.......simply because u don't see us whine over projects here doesn't mean u're building than us.

Mombasa-NBO - carries almost 2m per annum - in passengers - and almost 5 million metric tonnes - nearly 0.5M TEUS now. You cannot compare - ours is struggling to become operational profitable - a no mean feat for any railway in the world - yours is so hopeless it cannot even dream of that.

Already your brand new railway like from Abuja to Kaduna is mostly grounded for lack of spares, diesel and such - because it's not economical at all.

theenchanter:
pls, be concerned about urs for once.

Sound argument 101: When you dispute; put the alternative figure.

theenchanter:
ethiopian rail line doesn't carry 200000 passengers.

Counting by country, in the top 80 African banks by assets, are the following: - see kenya has 10 banks in top 80 - Nigeria 14.

Algeria-5 Ivory Coast-1 Senegal-1
Angola-4 Kenya-10 South Africa-7
Egypt-7 Mauritius-5 Sudan-1
Ethiopia-4 Morocco-7 Tanzania-2
Gabon-1 Mozambique-2 Togo-1
Ghana-3 Namibia-2 Tunisia-1
Rwanda-1 Nigeria-14 Uganda-1

rvp20182:
Counting by country, in the top 80 African banks by assets, are the following: - see kenya has 10 banks in top 80 - Nigeria 14.

Algeria-5 Ivory Coast-1 Senegal-1
Angola-4 Kenya-10 South Africa-7
Egypt-7 Mauritius-5 Sudan-1
Ethiopia-4 Morocco-7 Tanzania-2
Gabon-1 Mozambique-2 Togo-1
Ghana-3 Namibia-2 Tunisia-1
Rwanda-1 Nigeria-14 Uganda-1

Value of combined matters

Everything matters. Your top 5 banks consist of 90 percent of total banking sector. South Africa total banking asset roughly 400B - same with Egypt. Nigeria roughly 100B. Kenya roughly 50B.Ghana 25B.Tanzania 15B. Uganda 10B.

AfriqueDuZuid:
Value of combined matters

Vlain:
That’s first phase.second phase runs within the city.heck even the first phase still cut through the city.

So it runs through the city to transport an average of 400 passangers a day?

Nairobi commuter rail has a daily ridership of 13000 passangers a track length of 160km

With new DMUs and hourly service - the projection is to hit 40,000 passengers per day.That would be like Gautrain - whose ridership keep dropping.

NTSA:
Nairobi commuter rail has a daily ridership of 13000 passangers a track length of 160km

Nairobi's cityscape is fast-changing.

Nairobi's best views are from Nairobi's National park.

AfriqueDuZuid:

https://www.youtube.com/watch?v=ltQRlIaCQYc

Beautiful as usual

68816419:
Nairobi airport can not even come close to Abuja airport

Never,ever

Shma2020:
You're proving to us every day that you're a dumbo. You steal people's word and try act smart with it smh. Bye

What are u saying?

BeforeJuly:
Fishing and kayaking in Lagos.

Lagos has beautiful water. So much for not taking care and f our coastline,lol.

rvp20182:
Not only that. It the most ridicolous wastage of money. It cost nearly 1 billion dollars. It carries 400 passenger per day. The guys going to get into plane . It beyond the pale. Nigeria is just full of cattle....led by a school dropout without even primary education.

Compare that to Ethiopia Adis - carries more than 200,000 passengers daily

Meanwhile Lagos that badly need such a rail system - has world worst commute - people sleep in their car for a week and go home in weekend - those that commute have ot leave by 3am/4am - and arrive home past 10pm!!!!!! -

Madness and envy is a very toxic combination.

rvp20182:
So when do you expect your airport line to ever be populated. See the whole of Abuja is Potemkin village. Just because other cities have train from Airport to the city center - you started from it. And that is airport that is like 40kms from Abuja city center

Total waste of money.

As for Nigeria projects - none has been completed since 2016 when these thread started - and none likely to be completed - because you gov is BROKE. NO MONEY.

It will likely go the way 10B dollar rusted to the ground in the Ajeuokota steel mill.

U are making noise and wasting ur time.we choose how to spend our money.if u are too bribe to afford one pls shut up and quit crying. It’s all boils down to what we have been telling u-when we speak infrastructure pls I beg u zip ur zoo up. U are a kids play compare to us-at the bottom barrel for lack of a better word

rvp20182:
Kenya is corrupt but at least policy wonks are allowed to do their work - run projections, come up with designs, and all that - with fatcats coming to ask their 10 percent later. NIgeria is run like a cattle kraal.

Listen to this guy explain Kenya BRT

https://www.youtube.com/watch?v=fB_ISxC6miM

I am disappointed.

rvp20182:
Future tense. Delusion. Nigeria is broke. It cannot finance any capital project. Even that Lagos-Ibandan will not go into operation - its taken forever for 120km.

Lol rants of a bitter mad nan. I have access Lagos to Ibadan via the supposed train that will never go into operation. What a lunatic.

rvp20182:
Pleasantly suprised. I see it carried 42,000 in a month - that is 1,000 passenger per day

I honestly couldn’t care how many it carries. Worry about this

Abohboy:
So Ethiopia is carrying 200 000 passengers per day in these COVID times when in most other countries nobody wants to use public transportation?

This line opened a few weeks ago and during a recent surge in COVID cases you expect millions to be using it daily? infact what is the need for millions to move between Lagos and Ibadan daily?

Maybe every week they would pull in 2 million passengers in normal times but these are COVID times I tell you.


The reason for such low frequency of train trips is because not all of the trains have been put into operation, we've chosen to build an assembly and manufacturing plant so we can make our own trains 20% were imported pre made and ready for usage and the rest of them are to be assembled within Nigeria to build up our local train manufacturing industry

( We actually think forward )

And it's actaully four trips per day not 2, there is no wastage of diesel as you say because a profit is still being made from the project

It's as if you don't put any overall tbought into any of your arguments and just look for random ways to discredit Nigeria for whatever reason

Yes I am aware of that so I do t bother getting into any serious argument with him.so just show him the nuisance of his zoo,wait and watch the ripple effect it has on him then burst into dangerous laughter with a popcorn by my side and a soft drink to step it down.

theenchanter:
yes, it's a commuter rail, and like every commuter rail across the world, the first phase connected the city center, together with interstate rail-line to the airport.

The phase 2 under construction will go deeper into the capital territory.

They have no idea of this basic things cos their zoo is to broke to even envision in the first place.wonder no more why their first attempt at it is appalling and disgraceful (a slap on Africans face)- talk of that 2 century old Spanish garbage moving metal.

rvp20182:
Wet dreams. Lagos-Ibandan - mere 100kms - was started in 2012 - and has taken almost 10yrs - to complete. That is crazy. Nairobi to Mombasa a line of 500km - took 3yrs to be completed.

The same with the rest. You are building 10Km per year. That is why there is Julius Berger towns all over Nigeria. Your country is broke and cannot finance project in timely money.

I will just pull out ur lies carefully so can feel that park more.


Lagos-Ibadan is not 100km,that’s an obvious lie.

Lagos-Ibadan started construction in 2018 and was completed in 2020/2021

We building 10km per year is another obvious stupid lie.