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FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line - Politics (5) - Nairaland

Nairaland ForumNairaland GeneralPoliticsFG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line (20501 Views)

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Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by sulaak(m): 11:19pm On Jan 09, 2021
Aconomist:
I already told you, the coastal rail will allow for easy export of products from Lagos (and Lekki Free trade Zone) to southern and eastern Nigeria. It would also facilitate the import of natural commodities such as palm oil from Benin, Coal from Enugu, LNG from the delta, etc.

Here is a GDP per capita map of Nigeria. Clearly a SW to SE rail would generate more economic impact.
Lagos can get natural gas via the West Africa Gas Pipeline, Lagos doesn't need coal, and palm oil can be shipped.

The only benefit from an East-West railway will be the industries in Eastern Nigeria. A Lagos to Kano railway will open up the North and reduce poverty.
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by rossoki: 11:21pm On Jan 09, 2021
sulaak:
Madness!

Building infrastructure with foreign currency loans. shocked
That's exactly what the USA does, which is why they are the heaviest indebted nation on earth.

In return, they got a developed country.

Development is not free. Someone's gotta pay for it.
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by Oblang(m): 11:23pm On Jan 09, 2021
thatigboman:
Na waoh, which kind 1 chance be this? Awaiting china loan to construct ibadan-kano rail line, while kano- niger republic railway line way is being constructed non-stop with Naija Delta oil money. What arrant nonsense.
600 years of intense suffering to lord lugard, renewable everyday.
Is ur father one of the contractors constructing Kano-Niger Rep railway?
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by Blabbermouth: 11:28pm On Jan 09, 2021
obembet:
When sowore protest, una dey insult him.. una eyes go open Las las
In the absence of a better alternative, I expected the youths to rally behind sowore.
Unfortunately, all I see is suffering and smiling fools that will still vote APC or PDP, and then wail till 2027.
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by mich2012: 11:30pm On Jan 09, 2021
Haaaaa! This man will finish Nigeria before he goes home
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by Aconomist: 11:32pm On Jan 09, 2021
sulaak:
Lagos can get natural gas via the West Africa Gas Pipeline, Lagos doesn't need coal, and palm oil can be shipped.

The only benefit from an East-West railway will be the industries in Eastern Nigeria. A Lagos to Kano railway will open up the North and reduce poverty.
So the project is just charity for the North? Why should lagos have to ship palm oil when it is produced in nearby Benin. And Lagos DOES need coal for cement production. The coal is currently shipped from South Africa.
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by Aconomist: 11:33pm On Jan 09, 2021
rossoki:
That's exactly what the USA does, which is why they are the heaviest indebted nation on earth.

In return, they got a developed country.

Development is not free. Someone's gotta pay for it.
There is no such thing as a "foreign currency loan" in the U.S. The United States can basically print its own money with a less than one percent interest rate. Nigeria, on the other hand, risks currency devaluation and exorbitant interest rates.
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by Trendishine: 11:34pm On Jan 09, 2021
Nigerians are so foolish that they don't know that their sworn enemies are in aso rock, politics, ministers and government houses across the state in the name of government. Reprobate zoogerians.
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by Tekrify(m): 11:35pm On Jan 09, 2021
There is no rail construction in the north...keep quiet..
And there was never a railline built with Niger Delta money..all were financed by loans..
thatigboman:
Na waoh, which kind 1 chance be this? Awaiting china loan to construct ibadan-kano rail line, while kano- niger republic railway line way is being constructed non-stop with Naija Delta oil money. What arrant nonsense.
600 years of intense suffering to lord lugard, renewable everyday.
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by Joseph08(m): 11:38pm On Jan 09, 2021
They will soon collect loan to build public toilet grin

Fvcking shithole Corntree!
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by Tekrify(m): 11:45pm On Jan 09, 2021
Nigerians and ignorance is at an insane level
..please if u have no clue of how something works..do the internet a favour and keep quiet... Abuja Kaduna railine is currently congested...if u go to idu ..u can wait for hours and not get ticket...just weeks ago the fair almost triples yet people are still paying and the rail running at maximum capacity...the same thing will happen to Lagos Ibadan rail line... Inshort it best to have the entire length Completed (Lagos to Kano to Maradi) to generate massive income from both freight and passenger travel...

Ajaokuta Kano gas pipeline is not a failed project..the future of Nigeria is gas..as oil is gradually fading..we have more gas reserves than oil... because of the environmental implication of oil and it product... everything is being switched to gas cuz it way cleaner and very cheap..that one of the reason why FG wants to convert many vehicles to run on gas...
The pipeline is part of an integrated African pipeline system that stretches down to north Africa passing the sea down to Europe..this will allow Nigeria export gas to Europe in the future..the way it does with oil today..
winterfell007:
It's very evident to the blind that Lagos to Calabar railway will be more viable and economical, i guess that's where the Chinese are delaying in funding the project. This government has politized the whole thing. The Abuja-Kaduna railway is looking unviable because of the banditry ongoing along that routes, just look at the money we wasted building that almost failed project
Now the AKK Gas project is another political project that is bound to fail. This northerners have completely wreck Nigeria beyond repair
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by Aconomist: 11:45pm On Jan 09, 2021
Joseph08:
They will soon collect loan to build public toilet grin

Fvcking shithole Corntree!
Because all the revenue is going to excessive Senator and House of rep salaries. Monke Gubment
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by Tekrify(m): 11:48pm On Jan 09, 2021
Lol..not possible grin grin
Go and compare with what other countries use to build raillines...

The value seems alright...this is a railline passing 8 states for crying out loud ..plus it Standard gauge with modern stations... haven't u seen that of Abuja and lagos huh huh
LordErrk:
5.3bn dollars should build all the rail lines we need in Nigeria
Bunch of robbers
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by Tekrify(m): 11:52pm On Jan 09, 2021
Now that there is no railline...has that stopped the Fulani from entering the SW...
So Fulani is the only tribe in Kano..or ur telling me they will carry cows board trains...
We are talking about moving all this cargo and trailer stuff from the roads and making them move via rail ...
some of y'all think through ur anus
leisuretym:
No no no, all rails should stopped in Abuja, don't bring fulanis here

We prefer Ibadan - Abuja instead ,
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by Tekrify(m): 11:55pm On Jan 09, 2021
Think about what ur saying...87 to 90 percent of Nigeria poverty comes from the north..it even more..that to tell u that...the south isn't poor no matter how to see it...that figure is from the world bank..so u will be happy if government decides to spend 5.3bn DOLLARS on Hausa Fulani to get them out of poverty than to build modern infrastructure that benefits every Nigerian....
Use ur brain abeg...

If u hear that government wants to do such to lift poverty in Nigeria..which means more than 80 percent will be spent in the north....
Am not sure u will be happy either...
Zico5:
5.3 billions on rail alone when poverty is at highest level. It shall never be better for these people. How can this country move forward with these wasteful manner for God sake. Is it not better to divert this particular money to something that will surely lift Nigeria out of poverty. Our refinery is moribund, money market is catastrophic, yet they are borrowing billions of dollars to build liability that the half of the money will be looted.
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by Akudaisi: 11:56pm On Jan 09, 2021
Aconomist:
No, Chinese hate blacks more than anything. I've been to China. They see Africans as roaches.
lol if Africans love themselves they would rise above any hate,Africans hate themselves that's why they are treated like trash by others,if you someone is an African American same colors same thing but his treated differently because of where his from,why won't they rubbish Africans,besides they are the ones sustaining the corrupt Countries in African through their cunning ways
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by EASTERNPOL: 11:56pm On Jan 09, 2021
This government is borrowing too much
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by ebuka1997: 12:05am On Jan 10, 2021
rossoki:
You're just a loud dunce.

Go and learn the value of RAILWAYS in the development of a country, and how they drastically reduce the cost of doing business, leading to economic and industrial development.

The USA became the world's biggest economy on the strength of its massive investment in rail.

Big mouth critic with zero thinking ability.

Fool talking about ''half the money will be looted''. Which money? No money changes hands. The loan is about China funding the construction of the railway. It is a contract to build, not to hand anybody money.

Olodo people. Only big mouth to criticise, yet you know nothing.
Easy with the guy na, like they say agenda must agend
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by MyOpinion1(f): 12:45am On Jan 10, 2021
soundOsonic:
Hey aunty how far, how about my proposal
Your proposal is acknowledged, but we can be friend online.
Thanks
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by DAVE5(m): 1:33am On Jan 10, 2021
obembet:
When sowore protest, una dey insult him.. una eyes go open Las las
We go outside go protest, them carry gun come meet us for street, then still send agbero to scatter every every, no be everybody get mind face gun, as we run that day, e mean say we go dey alive to fight another day
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by afube: 1:36am On Jan 10, 2021
Sobasojek:
Youre not answering simple question. What would Lagos calabar benefit Lagos?

Lagos Kano will also be connected to apapa seaport.

Lagos state government is building a lot of infrastructures in lekki that will benefit Lagos state not those cities you mentioned up there


At least kano would bring more agricultural produce to Lagos state unlike those cities you mentioned above
you are economically illiterate ! whats the point of taking you through rudimentary economics of demand and supply ! or factors of production?
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by Sammy07: 2:29am On Jan 10, 2021
Kapeter:
Not even the old rail self. Alasoadura said he tried to find a way to connect ondo route with this very same line when he was still at the red chamber buh he was unsuccessful. Prolly the West-East coastal rail or whatever they call it will pass through Ondo state or else thunder will fire Nigeria.
I pray rail pass Ondo too.
It passed Osogbo and ado,
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by AFONJACOW(m): 2:39am On Jan 10, 2021
This work for Lagos ibadan train no dey finish huh Buhari is a pure scammer with no conscience
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by AFONJACOW(m): 2:45am On Jan 10, 2021
Stainlezzking:
grin grin grin
I laugh in Chinese
Go and browse about Dubai and see how much it cost them to build some of the greatest tourist attraction, then you'd see the real value of $1b but here in Nigeria they'd borrow billion$ like they're trying to build underground city not knowing that it's train that every other country has that they're building

Omo when china complete money buy Nigeria
Please call me Wang tong lee

 God save Nigeria 
I said same few days ago about the one they signed into bill, trillions of naira for infrastructural development which we all knw it will end in paperwork as usual. my argument , if 1.5 b dollars can built buj khalifa from scratch to the finish, why not use the 46 billion dollars for infrastructural development and build 6 buj khalifa replicas in each of the 6 geopolitical zones, build like light electric rail shuttles like the one in Dubai , it won't cost them that much , they will still have enough Balance from that 45b dollars to squander, everything about this current dispensation weak me , but I still can get it how common NIGERIANS are not even complaining , that's to tell u they are suffering and smiling, dying in pain
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by rossoki: 2:51am On Jan 10, 2021
Tekrify:
Nigerians and ignorance is at an insane level
..please if u have no clue of how something works..do the internet a favour and keep quiet... Abuja Kaduna railine is currently congested...if u go to idu ..u can wait for hours and not get ticket...just weeks ago the fair almost triples yet people are still paying and the rail running at maximum capacity...the same thing will happen to Lagos Ibadan rail line... Inshort it best to have the entire length Completed (Lagos to Kano to Maradi) to generate massive income from both freight and passenger travel...

Ajaokuta Kano gas pipeline is not a failed project..the future of Nigeria is gas..as oil is gradually fading..we have more gas reserves than oil... because of the environmental implication of oil and it product... everything is being switched to gas cuz it way cleaner and very cheap..that one of the reason why FG wants to convert many vehicles to run on gas...
The pipeline is part of an integrated African pipeline system that stretches down to north Africa passing the sea down to Europe..this will allow Nigeria export gas to Europe in the future..the way it does with oil today..
You get time.

95% of what you typed there will fly straight over their heads. Too positive and complex for their simple, disgruntled minds.
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by PROUDIGBO(m): 3:20am On Jan 10, 2021
Azmanaty:
It is time that clueless C-in-C and all his supporters die so this country will be liberated

Their death will bring a breath of fresh air to this country


My south east people will not contribute a dime to d loan repayment, afterall the bigot at Aso-Rock didn't deem it fit to construct a single rail track in the SE. The north and southwest will be the ones to repay those Billion dollar loans
Hehehehe grin grin grin
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by HYGMICH(m): 4:24am On Jan 10, 2021
Stainlezzking:
grin grin grin
I laugh in Chinese
Go and browse about Dubai and see how much it cost them to build some of the greatest tourist attraction, then you'd see the real value of $1b but here in Nigeria they'd borrow billion$ like they're trying to build underground city not knowing that it's train that every other country has that they're building

Omo when china complete money buy Nigeria
Please call me Wang tong lee

 God save Nigeria 
....from today you're Wang tong Lee grin grin grin
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by Latvin: 4:43am On Jan 10, 2021
Tekrify:
Nigerians and ignorance is at an insane level
..please if u have no clue of how something works..do the internet a favour and keep quiet... Abuja Kaduna railine is currently congested...if u go to idu ..u can wait for hours and not get ticket...just weeks ago the fair almost triples yet people are still paying and the rail running at maximum capacity...the same thing will happen to Lagos Ibadan rail line... Inshort it best to have the entire length Completed (Lagos to Kano to Maradi) to generate massive income from both freight and passenger travel...

Ajaokuta Kano gas pipeline is not a failed project..the future of Nigeria is gas..as oil is gradually fading..we have more gas reserves than oil... because of the environmental implication of oil and it product... everything is being switched to gas cuz it way cleaner and very cheap..that one of the reason why FG wants to convert many vehicles to run on gas...
The pipeline is part of an integrated African pipeline system that stretches down to north Africa passing the sea down to Europe..this will allow Nigeria export gas to Europe in the future..the way it does with oil today..
The level of ignorance is so high, driven by primordial sentiments. The PHC-Maiduguri and Ibadan-Kano rail lines still cross many Southern cities. Lagos-Calabar rail is in the works and will eventually be done.

The other day, Amaechi was remonstrating with the Southern Reps and Senators not to be impediments to the actualisation of the Lagos-Calabar rail project but they shoved him aside, now they will turn back to accuse him of not prioritising it.

The AKK pipeline is the third in a series of major gas pipeline networks to be built in the country. That overall gas plan was put in place in 2008 and the implementation has progressed since then. The first two pipelines run from the Niger Delta to Lagos (completed and in use for years now) and the second is the one from the East somewhere in Imo State traversing all across to join the first pipeline in the West (almost completed). The third is the AKK pipeline now approved and to be constructed, within the overall plan of industrialising the country via gas, put in place in 2008. But of course the ignorant ones will not have that background and jump at the mention of AKK as another Northern agenda.

My plea is for this govt to ignore the noise and forge ahead with their infrastructure plans. It will be clear soon enough to everyone about where we are going.
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by Offpoint1: 5:53am On Jan 10, 2021
Stainlezzking:
grin grin grin
I laugh in Chinese
Go and browse about Dubai and see how much it cost them to build some of the greatest tourist attraction, then you'd see the real value of $1b but here in Nigeria they'd borrow billion$ like they're trying to build underground city not knowing that it's train that every other country has that they're building

Omo when china complete money buy Nigeria
Please call me Wang tong lee

 God save Nigeria 
Lolgrin you're not alone.
Me don arrange my Chinese name down already... Sing kun wu
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by SIONKPO1(m): 5:57am On Jan 10, 2021
Borrowing money to build it is not the problem but the Commercial Viability(NRC and this government are corrupt)
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by Skmoda360(m): 6:03am On Jan 10, 2021
Em don finish us for this country....Shai!!! Another looting spree undecided
Re: FG Awaits $5.3 Billion Chinese Loan For Ibadan-kano Rail Line by georgealmond216: 6:13am On Jan 10, 2021
Stainlezzking:
grin grin grin
I laugh in Chinese
Go and browse about Dubai and see how much it cost them to build some of the greatest tourist attraction, then you'd see the real value of $1b but here in Nigeria they'd borrow billion$ like they're trying to build underground city not knowing that it's train that every other country has that they're building

Omo when china complete money buy Nigeria
Please call me Wang tong lee

 God save Nigeria 
Wang tun lee
1 2 3 4 5 6 7 Reply

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