₦airaland Forum

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.

Exactly.
If they connect Lagos and Onitsha and put the price at 20k,the train will always be full and they will make gain that they'll use to subsidise others.
But na 5% naa

Osariemen12:
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.

Who is Ogbeide,abeg?

At this rate at which they are running at a loss, very soon the railway operations in Nigeria will be turned to oil refining operations. A bunch of clueless, incompetent demons in power.

Are these people mad? Who fixed the fares that they want to run themselves out of business. This nonsense must not be allowed to continue

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 ?

This NRC boss is a chronic thief.
I have used that train several times and I can tell you each trip, they will make nothing less than 1.5m if not more from Lagos to ibadan.
How will he say the train is consuming 24tons of fuel from lag to ibadan for total of 4 trips a day. Shege barawo
A ship that uses a heavy duty Diesel engines more than train and works under stressnous towing will consume 12-14 tons of fuel for CPP engines and 5 tons max for diesel electric engines.
A trip of 3 hours times 4 times a day is 12 hours a day. That train will not use more than 5 tons max walahi.
These guys need to be in jail. All of them.
Do they really think they are talking to fools?
Can you imagine how much these guys are racketeering per day? On fuel and tickets?
Damnnnnnnn
Honestly, the Chinese need to take over this facility before a black man collapse am again

Blue3k:
interesting even with Cargo traffic the rails are running at a loss. I'm not surprised about passengers rail considering they subsidize below market value like other things.

Bro don’t mind the thief. I use the train and I pay 3k for business class from abeokuta to Lagos. Normally by road, I would have paid 1,500 while the economy pay 1k but I am 95% sure they are making profits on each trip

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?

They have. They have the ones loading cements from ewekoro to Lagos and other points. They have the cargo own

mrvitalis:
The fee should be around 50k to break even

In Europe I read is over £1.5 per 10 km that's around 10k per 10km 1k per km ...

Lagos to Ibadan is 130km ...that's 130,000 naira ...say labour cost is cheaper hear so we should get 60% cheaper ..based on that Lagos to Ibadan in a high speed train should cost 78k for it to make any profit and pay off its debt


So when Peter Obi was arguing with osibanjo in 2019 this was what he was talking about we are not yet ripe for rail ...you can't borrow to fund projects that can't break even and pay for themselves

Habaaaaaaaa

Ogaaaaaaaa Mr Vitalis small small now abeg.
According to you, in UK it is £1.5 per 10 km which is 1k for 10km.
Lagos to ibadan is 130km which means it would have been 13k to go to ibadan in nigeria but if you factor in cost of living and standard of living, we can bring ours down to 50% which is 6.5k and that is what they pay for business class while other classes are 3k and 4.5k

This guys are making money and breaking even.
This train don’t go direct. From ibadan to Lagos, there are over 10 mini stations it gets to. Picks and drops people while it collects full payment from them.
If you enter from abeokuta and going to Ifo or ewekoro or sango, you pay the same for Lagos vice versa and they still pick people from these locations paying in full again.
I will say it again, these guys are crooks and need to be lock in jail

Cantonese:
Please I do not understand what these people are trying to say.

“ On how the NRC was sourcing funds to sustain its operations, Okhiria said, “In the 2022 budget, the.government provided about N500m for diesel, which barely lasts up to a month for rail services across the country.
“We also search for funds from other sources, such as property rents and others. So, we use it to augment what we earn from the train services. See, it has been a serious headache, I won’t lie to you. It has been stressful and the NRC is owing for diesel, but we cannot stop.”

If railways were built to make profits from loans obtained from China, how is it that government provided 500m for diesel in the 2022 budget? What is government’s business with providing funds for diesel if the NRC was set out for profit making in the first place?

Why do they have to source for funds for diesel from everywhere?

As a government organization, is it not possible to make arrangements with the NNPC to get regular supply of diesel at cheaper costs, rather than “suppliers”?

Please at this rate, how will Nigeria pay off loans obtained from the Chinese?

Is it not common sense that since diesel charges alone amount to 4.4m daily, prices have to be increased to make profit?

Are railways built for to score cheap political goals?

One may not doubt that diesel and maintenance has become a veritable source of looting by civil servants in the NRC and politicians.

When will Nigeria get out of the grip of corruption?

My brotherrrrrr….. they will do mismanage the train until Chinese take over it. Just wait and see

FuckSilly:
Wow betide you foolish old leaders and these fool ani fools in government.
In most countries in 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?

Blacks are cancerous in nature.
They are very very very stupid.
Do you think whites don’t steal? They steal a lot but not in a stupid way.
A white man will make sure where he is stealing from is working well, well maintained and workers well paid and happy so that he can keep stealing at rest without issues. He makes sure that place doesn’t collapse but you see black man? He will steal soteeeeeeeeeeyyyyyy until the place collapse and close up.
The politicians and NRC civil servants don’t know that it is better to steal 1m per day nationwide that won’t crumble the train nor raise eye brow because everything is functioning l, debts being paid, workers paid, small quota enter govt hand, maintenance done yet you are stealing 1m per day that is sustainable for yearsssssss 10,20,50 years even when you are gone, your back to back continue enjoying the scheme but a black man is soooooo greedy, that he will lot, lot, sales …. Lot, revenues….lot, loan…..lot, properties….. lot
Everything/anything just lot.
A crazy race

Nwaomaah:
Remember when Abuja-Kaduna train passengers were kidnapped? It was discovered that there were more passengers not on the manifest than those in it.
1000 passengers enter train and all buy tickets. 300 tickets are remitted and 700 pocketed.
That's also how our airline died, our refineries, our ships etc etc
Corruption will be the end of us all

Waoooooo
1000 entered train, 300 entered manifest. Jesussss Christ

You see, I am aware they make good profits per trip.
That kaduna train when I entered last year January was 1,300 for economy times it by 700 people and another 300 times 3k for business class, that is about 1.6m and they make more per trip. Now this idiot is saying they barely make 1.7m nationwide per day. Plenty people dey wey suppose go jail for this nigeria

sulaak:
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.

So the next is to suspend the whole project and let it rot? This is not making sense to me.

MonsieurX:
Before you guys type mumbo-jumbo, try to reason for yourselves for once. That rail project is an outdated and overdue infrastructure, something you can never find anymore in developed countries.

The major reason why they seem to be running at a loss is low patronage and the current price of diesel, nothing else.

There is no country in the world where government-owned transport infrastructure is seen as strictly for-profit, it's meant to ease the lives of citizens and facilitate movement of goods and services in the country, the ripple effects are then a good business/trading ecosystem and creation of jobs which would lead to more taxes for the government.

That explanation you gave above is too myopic and limited in scope.

If you are not making profit in business your business will wrap up. Government in developed countries makes profits from it. How do they pay train drivers plus other workers both seen and unseen? Consider logistics too.

Lies lies lies

Check them well, huge corruption is ongoing there.

nony43:
If you are not making profit in business your business will wrap up. Government in developed countries makes profits from it. How do they pay train drivers plus other workers both seen and unseen? Consider logistics too.

You obviously don't understand what I wrote so there's no point arguing with you.

mema900:
With all these beautiful analysis now, if they elect you president tomorrow, you will suddenly delete all these from your head....there is an evil spirit in that government

There is no evil spirits in Nigeria you just elect people who are un prepared

This useless mallam govt........privatize the damn sector. . Jeeeezzz

MedicH:
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.

FuckSilly:
Wow betide you foolish old leaders and these fool ani fools in government.
In most countries in 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?

.

None of the 4refineries is working optimally despite chunck of money budgeted to it, they still import petroleum products to service the economy, which is too bad. I'm sure if we were to refine our own products, diesel should have been cheaper to get, then everything runs smoothly.

Our leaders are some of the most useless&clueless in this world.

Hahaha.... infrastructure drives economy indeed. Giving an ignorant man all the tools of success will not make him a success until the ignorance is purged. We repeatedly told them so and told them how it is done elsewhere is the 'successful world'.

But they imagine it is a great decision to pay trillion naira loans with daily loses of 2 million meaning we have invested in another 'subsidy scam' abi.

Who do this to us biko.

mrvitalis:
The fee should be around 50k to break even

In Europe I read is over £1.5 per 10 km that's around 10k per 10km 1k per km ...

Lagos to Ibadan is 130km ...that's 130,000 naira ...say labour cost is cheaper hear so we should get 60% cheaper ..based on that Lagos to Ibadan in a high speed train should cost 78k for it to make any profit and pay off its debt


So when Peter Obi was arguing with osibanjo in 2019 this was what he was talking about we are not yet ripe for rail ...you can't borrow to fund projects that can't break even and pay for themselves

An ignorant citizenry will always be at the mercy of deceitful leadership who are apt to sell smoke.

Here we go with another economy damaging subsidy drama. We are not even talking about repaying the loan by the way.

And we all know how fast hardware degrades when not serviced properly as a result of inadequate operational funding.

What a sad, vicious cycle.

israelmao:
They should remember this train was acquired with China's loan.

Even if they choose to forget, we will remember fir a long, long time as Mr. Buhari's legacy.

Mindless, plan-less, wanton financial recklessness of the highest order.

A so called great leaders led and misled by reprobate Ministers.

I said it on 2014 that by the end of his stint in 1983 that every one of his Minister's and MILADS were billionaires despite the much trumpeted anti-corruption veneer.

Same thing repeating itself today. There in a public bark of a ferocious dog but a private whimper in government house where his appointees get away with anything and everything as a result of poor leadership.

Blue3k:
interesting even with Cargo traffic the rails are running at a loss. I'm not surprised about passengers rail considering they subsidize below market value like other things.

Interestingly this is what will befall the Lagos light rail unless they decide not to subsidise the train fares which will make it very expensive.

Cantonese:
Those are not high speed trains bro.

Nigeria cannot afford those ones yet.

He said speed trains not high speed trains.

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....

With all due respect you are the one that is ignorant here. Yes true most businesses are not expected to make profit in the beginning, but the margin of loss should be small such that the promise of an achievable ROI is close. How do you justify the huge diesel costs and making close to 1.7m in ticket sales moreso that it cannot even offset diesel cost alone. That means the loss that route is making na die. The ticket sales revenue alone cannot even handle the operating costs of the train stations along that route.

MonsieurX:
Before you guys type mumbo-jumbo, try to reason for yourselves for once. That rail project is an outdated and overdue infrastructure, something you can never find anymore in developed countries.

The major reason why they seem to be running at a loss is low patronage and the current price of diesel, nothing else.

There is no country in the world where government-owned transport infrastructure is seen as strictly for-profit, it's meant to ease the lives of citizens and facilitate movement of goods and services in the country, the ripple effects are then a good business/trading ecosystem and creation of jobs which would lead to more taxes for the government.

That explanation you gave above is too myopic and limited in scope.

Why do you guys love manipulating and deceiving people? Amtrak is the most profitable train service in the US and it is privately owned. Again apart from the UK underground and the German rail system other are strictly private and even the German owned rail systems are profitable(go and verify). The truth is the corruption especially in the ticket sales is mind boggling it is hard to explain that ticket sales revenue cannot offset just one aspect of operations that is diesel costs.

Batam:
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

No private concern will want to take over running these rails at this time. Reason is that with the high running cost, definitely they would increase ticket price, so how many people can afford to buy tickets or how many tickets can be sold per day for them to break even?

Igboslayer:
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.

The first government patron of innoson was Peter Obi thatbwas where Innoson started growing. Please read before criticising.

Cognitivereason:
We should build much needed and priority infrastructure first ..

a $1.5bn double track rail line with ultra modern trains stations are not priority

what is priority is fixing power
building roads, refineries etc

if we spent that same figure to repair port harcourt refinery since..

we will not experience these levels of scarcity of fuel and devaluation of the naira..

priority first..

you don't buy flashy cars when you don't have 10% of the cost of maintaining them

Thank you very much. You see we as a people are so used to being deceived with grandiose infrastructure that cannot be sustained at all. This is why Jakande still remains the best governor Lagos ever had, he understood that people need sustainable projects that can pay itself and not grandiose projects that don't impact the common man.
Nigeria doesn't need unsustainable projects like this at all. If the loan was used to repair and modernise the key federal roads and toll them or even repair the refineries by now we would be making good money that is enough to pay off our debts.

Why are we still importing diesel? There's a company in rivers state that drills oil and refines and distribute diesel as well. So what's going on, what is happening exactly in this country?

christistruth01:
They need to Start Hauling Cargo from Lagos Port

Cargo Transport is the Railway Cash Cow

The most profitable routes for Haulage is Lagos to Onitsha, PH/Calabar. But tell me which routes were built?

obynzo:
The first government patron of innoson was Peter Obi thatbwas where Innoson started growing. Please read before criticising.

Which patron, many state governments bought from them? The question is did he invest in them like he suggested? YES OR NO. Stop rhetorics, Yes or No?