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Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss - Travel (3) - Nairaland

Nairaland ForumNairaland GeneralTravelLagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss (18636 Views)

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Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by Nobody: 8:15pm On Sep 19, 2022
I won't board those stupid looking trains.
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by ObosiUkwalla: 8:16pm On Sep 19, 2022
mrvitalis:
Those are standard gauge trains similar to what u have in Europe ...high speeds ( billet Trains ) are mostly in Asia
Bros, I travelled from a town in France to Canton of Geneva Switzerland with similar trains as you have in Nigeria, I paid around 9k+ equivalent of Nigerian naira and this was earlier this year. It's about 2hrs train ride. Train is still the cheapest means / mode of transport anywhere in the world - both highest speed and standard guage
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by Nobody: 8:16pm On Sep 19, 2022
CSTRR:
Is it insecurity that is stealing our crude oil in super tankers?

Other oil countries don't even know what to do withmoney again.
The money is too much thanks to Russia and Ukraine war.

Is it insecurity that made Nigeria broke and cannot account for 70% of oil production?

The Insecurity in Nigeria is a by-product of ineptitude and corrosive corruption.
And it is getting worse as corruption get worse.
So? What's your point and how does it relate to my comment? Tell the above to your government that failed to fight corruption.
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by Nobody: 8:16pm On Sep 19, 2022
If they are making loss let government hand over to private company and let's see whether they will run at loss too.
Almost all Nigeria parastatal including NNPC are always running at loss not because they are making the money, but corruption is engrossed in everything that is called government owned in Nigeria.

The man should tell us how many trips and passengers per day a train usually transport and not estimating @ a paltry sum 1.7m naira
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by Nobody: 8:17pm On Sep 19, 2022
FuckSilly:
Wow betide you foolish old leaders and these fool ani fools in government.
In most countries Europe where they don't have crude oil, train transport is almost free even if you're traveling to heaven. You tell us that you import petrol and put subsidies, no problem. We all know the truth. But what about diesel? DIESEL IS THE EASIEST FUEL TO REFINE FROM CRUDE OIL
It's so easy that 70% of what Niger Delta boys refine and cook up daily is DIESEL!!!
How is it possible that you fools are telling us now that you run at loss?
looks like u haven't being in contact with a Nigerian government worker, when they come for business, they would ask U to either give them a signed blank receipt or double d amount for the product.. Ofcourse they would offer to give u a share...When U do business ehn..u would know, even Jesus himself would have a hard time dealing with corrupt Nigerians
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by iwaeda: 8:17pm On Sep 19, 2022
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by israelmao(m): 8:17pm On Sep 19, 2022
They should remember this train was acquired with China's loan.
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by almelo3: 8:18pm On Sep 19, 2022
mrvitalis:
Those are standard gauge trains similar to what u have in Europe ...high speeds ( billet Trains ) are mostly in Asia
Germany (intercity express), France(Thalys)have bullet trein here in Europe
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by CSTRR: 8:20pm On Sep 19, 2022
israelmao:
They should remember this train was acquired with China's loan.
And this is another problem.

These are loans that need to be serviced.

We need to get our house in order before even borrowing.
But apc and their supporters think you can borrow your way out of corruption.

When Peter obi talks about less borrowing and more accountability and judiciousness, they almost called him an enemy of state.

Nigerians will learn.
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by MedicH: 8:22pm On Sep 19, 2022
mrvitalis:
I remember predicting this thing ...years back .. infrastructure doesn't really kick start development it complement it this was what Peter Obi was arguing with osibanjo in 2019 now see the results

Speed rails are too expensive to run can never break even in a country as poor as we for now !!!!
What we needed was effective locomotive rail from Ibadan to the ports in Lagos to move containers

$150 million would have achieved that

Their is a rail from warri to lokoja ...it should have been locomotive from warri port to Abuja , with branch off to Onitsha and imo state
From onne to aba then to Enugu then to Jos and Maiduguri
All the Above can be achieved with 600 million dollars max if we have an effective government

1.5 billion dollars wasted I mean over 1 trillion Naira

If proforce and innoson where given 100 billion each to expand production they would have employed twice what this rail line would employ

1 billion to 100 cocoa clusters to build cocoa processing plants ban exportation of raw cocoa we only export cocoa powder and butter with would double value in a taxable business


This are the simple things Peter Obi is talking about ...we don't have much but we can effectively use what we have better

So today it's obvious Peter Obi was right osibanjo was wrong ....won't you still vote Peter Obi ?
hehe you de ask bunch of stupid idiots?

wait for their answers.
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by TheAlchemist: 8:23pm On Sep 19, 2022
989900:
You rely on imported petroleum products . . . these are one of the results: destitute wey buy calendar, where he wan hang am?
This is one of the reasons I fear for Dangote refinery... I pray the international and local cabals do not try to sabotage his effort.
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by MedicH: 8:26pm On Sep 19, 2022
ATLIEN2027:
Mos of the people commenting here are very ignorant of world realities.
The fact is that most public transportation around the world don't make anything close to their operations cost not to talk of profit.
Especially a new rail system that's just getting off the ground cannot break even anytime soon. Most private businesses don't even break even in the beginning not to talk of a public business. Do you guys even think that most buses and train systems in Europe and the US are breaking even or even making any money? Most will go out of business without govt subsidies and allocations.
Couple this world reality with the Nigerian factor of bribe and corruption. Everyone working at the train station is already thinking of how to pocket the ticket fee instead of giving it to the govt.
Employ some of these youths on NL and their number goal is to get rich from one scam or the other at the train stations....
so all these nonsense u said here explains how the cost of diesel alone outweigh the revenue generated from the rail service?
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by ATLIEN2027: 8:29pm On Sep 19, 2022
MedicH:
so all these nonsense u said here explains how the cost of diesel alone outweigh the revenue generated from the rail service?
Mumu, if you have any ounce of common sense and can read with ability to comprehend, then you will already have the answer to your infantile question.
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by MedicH: 8:29pm On Sep 19, 2022
Peterobi90:
Can't boxcars cargos be attached to the trains behind to carry cargo?.. is it only a passenger train? Add oil tanks aswell... drag the trains to profit.

If it was a a personal business, would anyone consider running such a loss?
so that when the oil explode it bcoms a barbeque festival lol

black people from the sahel

E sure me say when God said let us create man in our own image, na white people they create. How black people take emanate remains a misery.
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by MedicH: 8:30pm On Sep 19, 2022
ATLIEN2027:
Mumu, if you have any ounce of common sense and can read with ability to comprehend, then you will already have the answer to your infantile question.
hehehe

black man from the sahel cannot even defend the nonsense he wrote.

guy, rest. u dont have sense
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by MedicH: 8:30pm On Sep 19, 2022
ATLIEN2027:
Mumu, if you have any ounce of common sense and can read with ability to comprehend, then you will already have the answer to your infantile question.
hehehe

black man from the sahel cannot even defend the nonsense he wrote.

guy, rest. u dont have sense lol
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by MedicH: 8:31pm On Sep 19, 2022
Viltron:
I won't board those stupid looking trains.
how many ur papa build abeg. each of those things u know how much they cost?
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by onuman: 8:32pm On Sep 19, 2022
MasterJayJay:
Source> https://saharareporters.com/2022/09/18/lagos-ibadan-train-nigerian-railway-spends-about-n4-million-diesel-alone-daily-makes-n17
Lol.

Lagos-Benin-Onitsha-PH/Calabar standard gauge rail lines if first built, should have yielded excess profits to build, and possibly sustain Lagos-Ibadan-Kano and Abuja-Kaduna standard gauge rail lines; if Nigeria were to be a normal country.
Nigeria the country whose ethnic bigot leaderships drive to the edge.

NITEL died after modern digital telephone exchanges were built in tiny sleepy towns in Northern Nigeria; while large commercial cities in Eastern Nigeria were left with wrecked analog telecom exchanges.

Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by MedicH: 8:32pm On Sep 19, 2022
israelmao:
They should remember this train was acquired with China's loan.
lol they are telling u say the cost of fueling the train pass how much they make from tickets

hehehhe
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by ATLIEN2027: 8:33pm On Sep 19, 2022
MedicH:
hehehe

black man from the sahel cannot even defend the nonsense he wrote.

guy, rest. u dont have sense lol
ZERO IQ is your problem. I can't help you.
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by tctrills: 8:34pm On Sep 19, 2022
ATLIEN2027:
Mos of the people commenting here are very ignorant of world realities.
The fact is that most public transportation around the world don't make anything close to their operations cost not to talk of profit.
Especially a new rail system that's just getting off the ground cannot break even anytime soon. Most private businesses don't even break even in the beginning not to talk of a public business. Do you guys even think that most buses and train systems in Europe and the US are breaking even or even making any money? Most will go out of business without govt subsidies and allocations.
Couple this world reality with the Nigerian factor of bribe and corruption. Everyone working at the train station is already thinking of how to pocket the ticket fee instead of giving it to the govt.
Employ some of these youths on NL and their number goal is to get rich from one scam or the other at the train stations....
We are talking of one of the poorest countries in the world that can't afford to service its debts. Any fool can build infrastructure without caring about its cost. True high-speed rail is mostly run at a loss in Europe but these are wealthy nations. It was always a bad idea to build those rails.
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by MedicH: 8:36pm On Sep 19, 2022
ransomed:
Mumu kawai, add more coaches or cabinets to generate more money.
lol hahhahahaha

guyy see reasoning lol

abi make them go welder and panel beater fabricate danfo comot the tires make e de run on the tracks come join am to train body

heheheheh
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by Osariemen12: 8:37pm On Sep 19, 2022
Peter Obi is a genius.

Simple thing he explained to this administration on impotent infrastructures years back. The midget of a professor was speaking incorrect grammar and his woke supporters were cheering him.


See who is right now. Obi or Osibanjo?



Ozwor prof everywhere.



Ogbeide was right after all: never allow yourself to be taught by a Yoruba professor. He's not different that his mother who sells kpomo in the market.
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by sulaak(m): 8:40pm On Sep 19, 2022
funshint:
It seems things has been in comatose in NRC since Amaechi left. Hmmn Hausa has taken over...expect redundancy. That's their trade mark wherever they head.
It was always going to end this way whoever was in charge of the ministry of transport. The primary source of energy for the Railway is diesel. Nigeria imports diesel and presently the country lacks the foreign exchange to pay for imported diesel hence the train cannot work.

You will think that the numpty in government would have priorities energy security and steel production first before building new rail tracks.
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by Igboslayer: 8:40pm On Sep 19, 2022
mrvitalis:
I remember predicting this thing ...years back .. infrastructure doesn't really kick start development it complement it this was what Peter Obi was arguing with osibanjo in 2019 now see the results

Speed rails are too expensive to run can never break even in a country as poor as we for now !!!!
What we needed was effective locomotive rail from Ibadan to the ports in Lagos to move containers

$150 million would have achieved that

Their is a rail from warri to lokoja ...it should have been locomotive from warri port to Abuja , with branch off to Onitsha and imo state
From onne to aba then to Enugu then to Jos and Maiduguri
All the Above can be achieved with 600 million dollars max if we have an effective government

1.5 billion dollars wasted I mean over 1 trillion Naira

If proforce and innoson where given 100 billion each to expand production they would have employed twice what this rail line would employ

1 billion to 100 cocoa clusters to build cocoa processing plants ban exportation of raw cocoa we only export cocoa powder and butter with would double value in a taxable business


This are the simple things Peter Obi is talking about ...we don't have much but we can effectively use what we have better

So today it's obvious Peter Obi was right osibanjo was wrong ....won't you still vote Peter Obi ?
Easily said than done... Why didn't he do something like this while he was governor? Why didn't he give innoson money and turn the company around.
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by Cognitivereason: 8:41pm On Sep 19, 2022
They should have spent that $1.5bn to build a single line. probably from Lagos to ilorin..instead of a double track that will only end at ibadan..that would have allowed NRC to make more money..

we are truly not ripe for the kind of stations they built.. especially now that it is under utilized..

besides that money should have gone into better and much needed infrastructure like roads, gas pipelines and fixing our refineries

the 500 million dollars Abuja light rail has been abandoned as well because government did not factor in viability and needs
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by onuman: 8:43pm On Sep 19, 2022
mrvitalis:
I remember predicting this thing ...years back .. infrastructure doesn't really kick start development it complement it this was what Peter Obi was arguing with osibanjo in 2019 now see the results

Speed rails are too expensive to run can never break even in a country as poor as we for now !!!!
What we needed was effective locomotive rail from Ibadan to the ports in Lagos to move containers

$150 million would have achieved that

Their is a rail from warri to lokoja ...it should have been locomotive from warri port to Abuja , with branch off to Onitsha and imo state
From onne to aba then to Enugu then to Jos and Maiduguri
All the Above can be achieved with 600 million dollars max if we have an effective government

1.5 billion dollars wasted I mean over 1 trillion Naira

If proforce and innoson where given 100 billion each to expand production they would have employed twice what this rail line would employ

1 billion to 100 cocoa clusters to build cocoa processing plants ban exportation of raw cocoa we only export cocoa powder and butter with would double value in a taxable business


This are the simple things Peter Obi is talking about ...we don't have much but we can effectively use what we have better

So today it's obvious Peter Obi was right osibanjo was wrong ....won't you still vote Peter Obi ?
As if you don't know that two regions of Nigeria vote for president based on ethno-religious consideration. Every one is smelling the shiit in the shiit hole they created because of ethno-religious bigotry.
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by ATLIEN2027: 8:44pm On Sep 19, 2022
tctrills:
We are talking of one of the poorest countries in the world that can't afford to service its debts. Any fool can build infrastructure without caring about its cost. True high-speed rail is mostly run at a loss in Europe but these are wealthy nations. It was always a bad idea to build those rails.
So your suggestion is that African and other poor countries in general should not try to build rail systems simply because they are poor?
Ok, that's a new one...
So how will get out of poverty if they don't try to develop their infrastructures?
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by Nobody: 8:45pm On Sep 19, 2022
MedicH:
how many ur papa build abeg. each of those things u know how much they cost?
My papa didn't build any, neither did yours.

The money used in buying those 15 century steamers are from the resources of Niger Delta here.
Re: Lagos-Ibadan Train: NRC Spends More On Diesel Daily, Running At A Loss by Cognitivereason: 8:47pm On Sep 19, 2022
onuman:
Lol.

Lagos-Benin-Onitsha-PH/Calabar standard gauge rail lines if first built, should have yielded excess profits to build, and possibly sustain Lagos-Ibadan-Kano and Abuja-Kaduna standard gauge rail lines; if Nigeria were to be a normal country.
Nigeria the country whose ethnic bigot leaderships drive to the edge.

NITEL died after modern digital telephone exchanges were built in tiny sleepy towns in Northern Nigeria; while large commercial cities in Eastern Nigeria were left with wrecked analog telecom exchanges.
it will still not profit in this current realities..

read to understand ..

the problem is not passengers or lack of patronage

the issue is the cost of running it is higher

if if it cost N1000 to transport 10 passenger who will pay N10 naira each(N100)

it means when you double the no. of passengers ..the cost of running the transport service is increases to N2000 and only N200 will be made..


use your head..

this is why NRC is reducing the number of trips to reduce losses

it doesn't matter if the rail is in Onitsha or sambisa forest..it will still make losses
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