₦airaland Forum

Naija no go kill us

MEEVEET:
Because it can't pay back its loan cabt generate enough revenue

is that what makes it a "feel good project" or would you want to give a definition to your concept "feel good project"?
who told you that it cant? have you ever used a train to travel interstate in Nigeria?

MEEVEET:
No route can make 20% of their running cost not to talk about being profitable

Those trains are just loan wasted on feel good projects

Must everything be viewed from a capitalist angle?

Energist:
Must everything be viewed from a capitalist angle?

Yes sir. Always better than viewing from religious, mystical, and political angle.

Energist:
Must everything be viewed from a capitalist angle?

You want to use borrowed money to do charity? Na why naira be 1600 ooh dey play

CheapHomes1:
is that what makes it a "feel good project" or would you want to give a definition to your concept "feel good project"?
who told you that it cant? have you ever used a train to travel interstate in Nigeria?

Feel good projects are status project, they are important yes but not needed

They are wants not basics needs
Cocoa house, niger bridge, rail,

They are good if u use revenue to build them... But borrowing to build them makes no sense

MEEVEET:
No route can make 20% of their running cost not to talk about being profitable

Those trains are just loan wasted on feel good projects

Who says?

So rail transportation has no benefit to the economy?

Do you know the following:

Rail enhances transportation and trade opportunities
- Infrastructure development
- Job creation
- Industrialization
- Regional development
- It has less interruption on its route
- It is beneficial to agriculture transportation
- It is beneficial to the mining industry
- For tourism, it makes great to see urban and rural areas, beauty and nature
- It is beneficial in the manufacturing industry

How else can African nations finance rail transportation, especially in the face of opening the transport sector? It is by loans.

Do they make profit? Yes, but maybe not too much.

Why are loans not repaid? Ask your leaders to stop stealing public funds.

tunjijones:
You did not answer the question. The govt of most countries in the world subsidise transportion for it's citizens.

And who told you the rail service is for govt to make profit?

What will be the gain of the tax payers if the train service and other services are not subsidized by govt.

Pls next time you want to criticise, make sure it's a constructive criticism not from the place of hate.

Those countries built them with revenue... You can't borrow yo subsidies na that's recipe for inflation... In fact thats what brought us here

It's not bad to build rail for your people n even make it free of charge... But if you borrow to do it then you are foolish

CheapHomes1:
how is railway transport a "feel good project"? have you ever used a train to travel interstate in Nigeria?

It's a feel good projects because it can't generate any net revenue

If government stop funding it.. It fails

tunjijones:
You did not answer the question. The govt of most countries in the world subsidise transportion for it's citizens.

And who told you the rail service is for govt to make profit?

What will be the gain of the tax payers if the train service and other services are not subsidized by govt.

Pls next time you want to criticise, make sure it's a constructive criticism not from the place of hate.

I am very sorry for dabbling into your discussion. We have argued the business plan of the railway project severally few years back. The Chinese and Federal government never told us transportation by rail is going to be subsidized. In fact, Payback period and Rate of Return were calculated. I cried for 8 years on Lagos to Ibadan (Moniya) railway. Finally, the person assumed must be an NRC man on Social Media agreed with me. He said Inland Terminals and Dry Port would use them to move Cargoes.

If FG want to subsidize transportation, road transportation should also be included. Over 90% of people travelling between Lagos and Ibadan use roads. Those using trains are not up to 5%.

The railway projects were conceptualized based on business plan.

Just like the Lagos Light Rail Project. Few weeks ago, LAMATA approached some investors on the extension from Mile 2 to Okoko. We were told about daily turnout of the Mile2 to CMS route and monthly turnout. Expected daily and monthly turnout of the Mile2 to Okoko, Capex, Opex, etc. The investors confidence is high not because of government subsidy but based on the feasibility of the project.

ElevationD:
Who says?

So rail transportation has no benefit to the economy?

Do you know the following:

Rail enhances transportation and trade opportunities
- Infrastructure development
- Job creation
- Industrialization
- Regional development
- It has less interruption on its route
- It is beneficial to agriculture transportation
- It is beneficial to the mining industry
- For tourism, it makes great to see urban and rural areas, beauty and nature
- It is beneficial in the manufacturing industry

How else can African nations finance rail transportation, especially in the face of opening the transport sector? It is by loans.

Do they make profit? Yes, but maybe not too much.

Why are loans not repaid? Ask your leaders to stop stealing public funds.

Africans finance rail by loan reason Africans are poor

If your revenue is higher than Recurrent expenditure and debt servicing... By all means build rail, skyscraper and the rest

But your revenue can't even service yout debt and you think it makes sense increasing debt servicing for something that won't increase revenue?

MEEVEET:
Africans finance rail by loan reason Africans are poor

If your revenue is higher than Recurrent expenditure and debt servicing... By all means build rail, skyscraper and the rest

But your revenue can't even service yout debt and you think it makes sense increasing debt servicing for something that won't increase revenue?

Should your country remain underdeveloped because your revenue cannot match your debt servicing?

With all the resources available in African countries, why do they borrow?

And by the way, the American are the world’s heaviest borrowers, do you know?

What is wrong with borrowing to fund critical infrastructures like railway that open up whole communities and promote trade please?

MEEVEET:
Those countries built them with revenue... You can't borrow yo subsidies na that's recipe for inflation... In fact thats what brought us here

It's not bad to build rail for your people n even make it free of charge... But if you borrow to do it then you are foolish

Again, do you not that making it free of charge for a short while could be designed to encourage citizens to use rail transportation?

And who says it is cheap in the first place? Have you travelled by train in Lagos?

ElevationD:
Again, do you not that making it free of charge for a short while could be designed to encourage citizens to use rail transportation?

And who says it is cheap in the first place? Have you travelled by train in Lagos?

Cheap or not is not how much u pay

But revenue to operating costs

Citizens would pay for trains if it's worth it simple

You are not even getting my point rail is not bad it's very good

Just like a company building cooperatf office is not bad

But using loan to build it when the country or business is struggling is the Koko

Don't know what else u want me to say to u

Killerofpigs:
Renewed shege promax

If it is obi that is the president this can never happen

Easygoingboy:
As-salamu Alaykum, Mu’minina wal Mu’minat
Good afternoon, my daddies, mothers, brothers, and sisters in Islam.

Please I need your help!

I'm using this medium to appeal to everyone that comes across this post to consider me, please. I'm not going to lie so I can be pitied, so I'll just be completely honest.

I'm here to beg so I can get something to eat. Any good person should help me with anything he or she can; I'll appreciate any amount, please.

I'm begging everyone in the name of Almighty Allah. I've exhausted every option I have, and that's why I'm here now. I have not eaten anything since Friday evening, and my body is starting to shake. Please, someone should help me with anything. Please don't let me die of this hunger! I swear to Almighty Allah, I've never done this before, and this is the last thing I want to do, but I have no other option now.

Please have mercy on me and help me.

My bank details are:

Access Bank P L C
0 0 2 4 8 6 93 2 3
My name is Tunde


May Allah Subhanna Wataala continue to bless you and your family. Ameen

If by Asr, I don't get help, I will sell my phone. But it will affect me a lot.

Tunde, I hope you didn't vote for Tinubu becoz I no get sympathy to spare for any awalokon entity,Na them beg pass. Reply here and collect small change.

ElevationD:
Should your country remain underdeveloped because your revenue cannot match your debt servicing?

With all the resources available in African countries, why do they borrow?

And by the way, the American are the world’s heaviest borrowers, do you know?

What is wrong with borrowing to fund critical infrastructures like railway that open up whole communities and promote trade please?

Why don't you borrow money to buy your dream car?

America has more debt yes but lower debt to revenue ratio

Yes poor countries should focuse on building their revenues to get larger then they can invest in infrastructure

Ttipsy:
Watch as they blame obidients

And watch has obidinet blame Tinubu

MEEVEET:
Yes the are essential but building them with loan is foolishness especially when revenue is less than debt servicing and recurrent expenditure like Nigeria

It's same as a struggling man using loan to build mansion in his village

False building with loan is the best course of action.


I change you show me any country that completely built railway without loans.

Except in few cases (Japan) show me any country where a private entity engage in rail construction without government support and bailout.

Easygoingboy:
As-salamu Alaykum, Mu’minina wal Mu’minat
Good afternoon, my daddies, mothers, brothers, and sisters in Islam.

Please I need your help!

I'm using this medium to appeal to everyone that comes across this post to consider me, please. I'm not going to lie so I can be pitied, so I'll just be completely honest.

I'm here to beg so I can get something to eat. Any good person should help me with anything he or she can; I'll appreciate any amount, please.

I'm begging everyone in the name of Almighty Allah. I've exhausted every option I have, and that's why I'm here now. I have not eaten anything since Friday evening, and my body is starting to shake. Please, someone should help me with anything. Please don't let me die of this hunger! I swear to Almighty Allah, I've never done this before, and this is the last thing I want to do, but I have no other option now.

Please have mercy on me and help me.

My bank details are:

Access Bank P L C
0 0 2 4 8 6 93 2 3
My name is Tunde


May Allah Subhanna Wataala continue to bless you and your family. Ameen

If by Asr, I don't get help, I will sell my phone. But it will affect me a lot.

Which place you basedand which type of phone are you using?

MEEVEET:
And cargo is best with locomotive

But how many cargo is going to the North? From Abuja to Kaduna? Not even jos

You have no ideal. Abuja-Kaduna-kano is the busiest route in the North both passengers and cargo, no other come close, hence this rail is not a waste its just not maximized.

MEEVEET:
Read what I wrote again

Businesses are encouraged to take loans but government to use it to build infrastructure when you runna budget deficit?

Though most of the projects are executed because of selfish interest coz of corruption is high in Naija but not all projects executed by government should be because of monetary gain some are just to make life better for the people.

Government don't make any profit on some projects in fact they even subsidize some just to make life easier.

Xpol:
Though most of the projects are executed because of selfish interest coz of corruption is high in Naija but not all projects executed by government should be because of monetary gain some are just to make life better for the people.

Government don't make any profit on some projects in fact they even subsidize some just to make life easier.

Question is does it make sense to borrow and build a project you would subsidize when you are already struggling paying old debt

nairalanda1:
Because at the end, the government won't let them be profit making concerns...

It's kind of something around the world...Germany has a good rail system that loses money by the billions. At least their tax to gdp can cover it. Nigeria's can't.

You don't lose money by building rails, either passenger or cargo, the effect of rail is not in the direct ROI or annual profits but its greater contribution to the economy, its improve productivity, standard of living, tourism, industrialization, connectivity etc. This itself add billions to the economy far more than what a 100× a profit would.

MEEVEET:
Read what I wrote again

Businesses are encouraged to take loans but government to use it to build infrastructure when you runna budget deficit?

Though most of the projects are executed because of selfish interest coz of corruption is high in Naija but not all projects executed by government should be because of monetary gain some are just to make life better for the people.

Government don't make any profit on some projects in fact they even subsidize some just to make life easier.

For example Government can borrow money to equip the health facilities and still provide free health for the masses.

Simeonjoe1:
You have no ideal. Abuja-Kaduna-kano is the busiest route in the North both passengers and cargo, no other come close, hence this rail is not a waste its just not maximized.

Yes ooh we agree but why is the rail not breaking even then

professorPABX:
You are very correct. Abuja - Kaduna route also involved millions of naira spent by police on helicopters and ground security patrol / escort of the train. At the end it is at total loss to FG. It is just another subsidy provided to citizens along that route.

I cried for 8 years during the implementation of Lagos to Ibadan railway. By then, I posted as babaolofin. All my observations have come to pass.

I think by the time we start to move cargoes by trains, FG can recover operating costs from Cargo movement.

The overall economy will cover operating cost not just the NRC alone.

Simeonjoe1:
False building with loan is the best course of action.


I change you show me any country that completely built railway without loans.

Except in few cases (Japan) show me any country where a private entity engage in rail construction without government support and bailout.

It seems you guys have problems understanding English

1) Nigeria revenue now cant when pay the interest for the loans we have taken in the past.... And you think the best thing to do is to increase the interest in loan without increasing revenue?

Jezzz can't you guys think?

Xpol:
Though most of the projects are executed because of selfish interest coz of corruption is high in Naija but not all projects executed by government should be because of monetary gain some are just to make life better for the people.

Government don't make any profit on some projects in fact they even subsidize some just to make life easier.

For example Government can borrow money to equip the health facilities and still provide free health for the masses.

Why not use loan to increase revenue then use it to equip the Heath centers

Why do you guys want things you can't afford

Main while you tribesmen are the ones caught loosing the track daily.

Killerofpigs:
Renewed shege promax