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Jonathan’s Biggest Economic Mistakes — Pat Utomi - Politics (5) - Nairaland

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Obasanjo, IBB, Danjuma, Others Running Nigeria With Buhari - Pat Utomi / I Don’t Know What Buhari Should Do, I’ve Stopped Advising People –pat Utomi / In One Sentence, What Is Jonathan's Biggest Mistake? (2) (3) (4)

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Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by kaboninc(m): 5:25pm On Feb 01, 2015
wolexf:


People give GEJ too much credit for the rail. He didn't actually construct the tracks out nothing. Most of them were existing and had been built several years before and after independence. He just resuscitated them with little maintenance here and there. The Abuja rail is one of the entirely new tracks and in 6years there is nothing concrete on ground as regards the Abuja rail

See how easy it is to run your hands and discredit what GEJ has done.

The railway modernisation initiative in Nigeria aims at replacing the existing narrow gauge
system with the wider standard gauge system,
while allowing high-speed train operations on the
railway network.

www.railway-technology.com/projects/abuja-kaduna-rail-line/
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by nkowaputa(m): 5:34pm On Feb 01, 2015
kITATITA:

It is not about Patrick Utomi. It's economics and facts. Is your life better now than four years ago?
Yes.
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by chronique(m): 5:40pm On Feb 01, 2015
You just made a blunder as regards the SWF being illegal. It was actually the ECA under Obasanjo that was illegal as it had no legal back up or regulatory frame work. SWF actually has a legal back up and regullatory frame work,as it went through several readings and debate at the senate and house of reps,before it was passed into law. As a matter of fact,it was the problem arising from saving in the ECA,that led to the creation of the SWF,which after being passed into law,replaced the ECA. As at today,the ECA doesn't exist because it is constitutionally illegal. It has been replaced with SWF which has the backing of the constitution. This is one of the reasons why I always advice and admonish people to learn properly on certain topics so that they don't end up ignorantly passing the wrong information to others who might look up to them for certain things.
Babacele:
1. Amaechi n co started saving before the clueless one stopped giving them full allocation. so where is the money?
2. The SWF was illegal as there was no law or agreements setting it up. Besides federal government gets about 52% of all allocations while d remaining are shared by the states n LGs. so why can't the fed government save its share?
3.fiscal indiscipline and corruption are the hallmarks of this administration. maybe you can explain the missing $20b, $1.3trillion subsidy scam, pension funds, oduagate, 400k oil barrel being lost to bunkering daily e.t.c
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by AdekunleBalogun: 5:47pm On Feb 01, 2015
Splashme:
[size=13pt]1) Pat Utomi was handed the popular Volkswagen Nigeria and he run it aground

2) Same Pat Utomi managed Platinum bank. The bank was weak and forced to merge with Habib to become Bank PHB. Even the Bank PHB, where is it now? We are now hearing of Keystone bank owned by new owners because Patitos gang could not manage it properly.

3) My point is, 'talk is cheap'. Nigerians love to criticise alot especially while outside of government. Pat himself could not manage very minute aspects of the economy to profitability. If Okonjo, Reuben Abati etc where not in govt there would probably be criticising too[/size]

Why do you thrives so much in propaganda so much to the point that ur sense of reasoning has completely been left in the most remote part of ur brain. So we should not criticized a failing system because we've developed like US and UK abi, the same Okonjo that was so successful under Obasanjo now find it hard under Jonathan, sorry to disappoint you we will continue to criticize, demand for improvement and we shall refuse to celebrate mediocrity.

1 Like

Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by tefund(m): 5:47pm On Feb 01, 2015
Splashme:
[size=13pt]1) Pat Utomi was handed the popular Volkswagen Nigeria and he run it aground

2) Same Pat Utomi managed Platinum bank. The bank was weak and forced to merge with Habib to become Bank PHB. Even the Bank PHB, where is it now? We are now hearing of Keystone bank owned by new owners because Patitos gang could not manage it properly.

3) My point is, 'talk is cheap'. Nigerians love to criticise alot especially while outside of government. Pat himself could not manage very minute aspects of the economy to profitability. If Okonjo, Reuben Abati etc where not in govt there would probably be criticising too[/size]
stop mixing sentiment with issues
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by ihedinobi2: 5:49pm On Feb 01, 2015
Splashme:
[size=13pt]1) Pat Utomi was handed the popular Volkswagen Nigeria and he run it aground

2) Same Pat Utomi managed Platinum bank. The bank was weak and forced to merge with Habib to become Bank PHB. Even the Bank PHB, where is it now? We are now hearing of Keystone bank owned by new owners because Patitos gang could not manage it properly.

3) My point is, 'talk is cheap'. Nigerians love to criticise alot especially while outside of government. Pat himself could not manage very minute aspects of the economy to profitability. If Okonjo, Reuben Abati etc where not in govt there would probably be criticising too[/size]
I decided to find out if any of these allegations were true. The following link is a thread right here on Nairaland. I wonder what you have to say to it: www.nairaland.com/578901/pat-utomi-utomi-volkswagen-nigeria. If you're wrong about that imagine just how wrong you are about everything else.

1 Like

Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by kaboninc(m): 6:35pm On Feb 01, 2015
ASL33:
you misunderstood my points, we channel every blame to FG, why do we have state govts, state house of assembly and LGs. If we don't have good graduates coming out of Our unis, it means they did not have good secondary school education as well. So state govts are part of the system that produced fake graduates. General hospitals are run by states, how many of them do you know that functions? How many times have you critiqued your state governor? Apportion blame/critique where it's suppose to be, don't just call FG cos you don't like the person at the top. In the 80s in my state we use to have public water at least every weekend provided by state govt, but now nothing like that and I have not seen anybody critique my state governor for that. The governor have hoodwinked everybody to face FG while they loot the state treasury dry. Those governors critiquing the FG on bad federal roads, what % of state roads have they done in their various states.

You've just re-echoed my point.

@tpwealth....your analogy is full of fallacy!

You were buying subsidised fuel. Now the subsidy has been removed to fasten the development of critical infrastructure that will benefit ALL. In fact that subsidy has to be completely removed.

In 2010, I used to transport myself from Obalende to Yaba at an average of 100 naira. Now in 2015, with the subsidy component partially removed, I still transport myself with same amount.
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by ttmacoy: 6:37pm On Feb 01, 2015
Whilst he may have failed in those roles, he still makes a lot of sense. The mentality of the president that number of private jets show progress is same with the people where individual materiality of the few is valued over the collective good.


You mention volkswagen, please te me how many other car manufacturers operate in Nigeria? Dunlop etc all dead, why? Are all the people involved in those companies failures or is it due to the very very difficult operating environment in Nigeria where the focus had been on oil at the detriment of other sectors. Do you mean all the ceos of failed industries have no say anymore?

You mention platinum bank. Do you really think banking in Nigeria is all about sound business management? No it is not. It is all about deposits deposits deposits. Those with connections get deposits from government institutions and rich people, others turn staff into slaves and prostitutes with targets.

My point is his failure in those roles in my opinion actually equips him to criticise the government as be has seen first hand how the bad policies are killing business. Go and ask the textile industry.

What he said about politicians not learning is very true and he doesn't have to have successfully run volkswagen to see that or say it. I can see it and agree.

As a side note I highly respect Utomi and always believed he was a better economist than business man or politician.

Splashme:
[size=13pt]1) Pat Utomi was handed the popular Volkswagen Nigeria and he run it aground

2) Same Pat Utomi managed Platinum bank. The bank was weak and forced to merge with Habib to become Bank PHB. Even the Bank PHB, where is it now? We are now hearing of Keystone bank owned by new owners because Patitos gang could not manage it properly.

3) My point is, 'talk is cheap'. Nigerians love to criticise alot especially while outside of government. Pat himself could not manage very minute aspects of the economy to profitability. If Okonjo, Reuben Abati etc where not in govt there would probably be criticising too[/size]
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by ttmacoy: 6:43pm On Feb 01, 2015
What do you expect from an accidental president?


omenka:
I keep asking myself how we ended up with a guy like Jonathan. Intellectually, the guy is just too damn handicapped. He seems to be absolutely ignorant of the least requirements of leadership, let alone, possess same. Then what baffles me even more is how anyone with a brain of a human could support a guy like this to preside over the affairs of a state.

The quote above summarises all there is to the person Jonathan.
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by ttmacoy: 6:53pm On Feb 01, 2015
I feel you. Jonathan clueless accidental leader, buhari too old and frail and in my opinion a figure head for the tinubu clan.

I do not see anything great coming from either of them.


GeneralShepherd:


And you want to vote Buhari?
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by meccuno: 7:05pm On Feb 01, 2015
omenka:
I keep asking myself how we ended up with a guy like Jonathan. Intellectually, the guy is just too damn handicapped. He seems to be absolutely ignorant of the least requirements of leadership, let alone, possess same. Then what baffles me even more is how anyone with a brain of a human could support a guy like this to preside over the affairs of a state.

The quote above summarises all there is to the person Jonathan.
and buhari is sound intellectually? Please save me the bull........please
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by meccuno: 7:14pm On Feb 01, 2015
We as a people do not know what we want. We base our arguments on either religious and ethnic sentiments......every tribe has very corrupt people in which when they merge,they form a formidable force in Nigeria.....yes the president didn't do much according to the SW media, but what they present is even worse than what we currently have.....Nigeria spends 75% of its wealth on payment of salaries to Individuals who are not up to 2% of the population of Nigeria and are still the same people who scream change.....mismanagement of funds by the state local and federal level and governors who eithe appease their god fathers than put capital projects in place........I feel disgusted when people try to play on our collective intelligence by using the media to impose a candidate who is still having an intellectual capability of 1mb to run a complex country like Nigeria.......all they have been doing is abuse and insult without addressing issues that are tantamount to success of this great Nation.......@ the end of the day alliances are formed,politicians palms would be greased,that 1% population would be satisfied while we end up where we started from......because we decided to follow the crowd than think for our selves based on ideologies devoid of sentiments......

1 Like

Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by GeneralShepherd(m): 7:19pm On Feb 01, 2015
ttmacoy:
I feel you. Jonathan clueless accidental leader, buhari too old and frail and in my opinion a figure head for the tinubu clan.

I do not see anything great coming from either of them.



Both are birds of the same feather. None is the change we hoe for.

1 Like

Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by ImpactWorld(m): 7:29pm On Feb 01, 2015
gregg2:
I wish we could rewind this country 2 to 3yrs back so we can spot all those that kicked against savings for rainy day. They fought ECA, SWF and oil benchmarks even when Okonjo-Iweala continued shouting and warning us all. This is the list I can remember:

1) House of Reps (PDP, ACN, CPC etc members because constituency projects)

2) Amaechi's faction of governors forum -opposed SWF and ECA savings strongly and up to the courts

3) Punch newspaper and The Nations - they nearly labelled Okonjo-Iweala an enemy of the nation - preaching savings for rainy day when according to them it was already raining

4) Tinubu - I remember an interview he attacked the FG to save it's own share of the federation account if they care but release the states govs share claiming they have a lot to do at home
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by unmask: 7:43pm On Feb 01, 2015
Splashme:
[size=13pt]1) Pat Utomi was handed the popular Volkswagen Nigeria and he run it aground

2) Same Pat Utomi managed Platinum bank. The bank was weak and forced to merge with Habib to become Bank PHB. Even the Bank PHB, where is it now? We are now hearing of Keystone bank owned by new owners because Patitos gang could not manage it properly.

3) My point is, 'talk is cheap'. Nigerians love to criticise alot especially while outside of government. Pat himself could not manage very minute aspects of the economy to profitability. If Okonjo, Reuben Abati etc where not in govt there would probably be criticising too[/size]
and in your ranting, you forgot to tell us if what he said was the truth
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by Change2015(m): 8:14pm On Feb 01, 2015
Change2015:


And in your bitterness have you noted that INEC has said it has no problem with Buhari’s qualifications and that any aggrieved parties may use the courts as they are constitutionally entitled. And by the way a diploma from the USA war college is indeed superior to a wasc certificate but that would be of little interest to you! Education is more than getting the piece of paper, as clearly demonstrated by Jonathans incompetence.

#change
#GMB
#APC

Once again, Soludo expands the debate, challenging Iweala.
[b]"I hereby challenge your attempt to blame others for not saving for the rainy day. It is not a virtue when you are quick to appropriate all the credit when things are going well, but shift the blame when they go wrong. You blame the state governors— who, according to you, have taken the Federal Government to the Supreme Court—not that a Supreme Court judgment forced your hands. For your information, the governors have never agreed to savings and always threatened court action even under Obasanjo. Why did we save under Obasanjo but not under Jonathan? Two keywords explain it: leadership and integrity. Governor Amaechi said the governors insisted on sharing the funds because they found out that you were illegally fiddling with the savings. So, as Nigerians still wonder, if billions of dollars are now ‘missing’ under your nose, why should governors trust you to keep their money? Do the states that have taken the federal government to the Supreme Court and refused to save also include the PDP governors—who are in the majority? If so, then it is fatal: even governors of your own party, PDP, do not trust you to keep their money! Furthermore, did the governors also stop the Federal Government from saving part of its share?[/b]

https://www.nairaland.com/2124861/ngozi-okonjo-iweala-missing-trillions-1#30337289

#change
#GMB
#APC
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by Change2015(m): 8:22pm On Feb 01, 2015
meccuno:
We as a people do not know what we want. We base our arguments on either religious and ethnic sentiments......every tribe has very corrupt people in which when they merge,they form a formidable force in Nigeria.....yes the president didn't do much according to the SW media, but what they present is even worse than what we currently have.....Nigeria spends 75% of its wealth on payment of salaries to Individuals who are not up to 2% of the population of Nigeria and are still the same people who scream change.....mismanagement of funds by the state local and federal level and governors who eithe appease their god fathers than put capital projects in place........I feel disgusted when people try to play on our collective intelligence by using the media to impose a candidate who is still having an intellectual capability of 1mb to run a complex country like Nigeria.......all they have been doing is abuse and insult without addressing issues that are tantamount to success of this great Nation.......@ the end of the day alliances are formed,politicians palms would be greased,that 1% population would be satisfied while we end up where we started from......because we decided to follow the crowd than think for our selves based on ideologies devoid of sentiments......

Nobody is imposing a candidate on you. If you prefer the south East media, good luck to you. Why grouch when you have your choice. That Jonathan will lose is your real whine, but the majority of Nigerians must have their say and way. That is democracy 101. Nigeria is not complex. For the last 60yrs we have been talking about roads, rail, electricity, Education, health care etc and after 16 years of the pdp can you blame the people for being unimpressed with the current leadership that can't even hold its party together? I bet you believe the president when he says he will use 'technology' to fight corruption! That level of obtuseness, we can do without.

#change
#GMB
#APC
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by Change2015(m): 8:30pm On Feb 01, 2015
kaboninc:


See how easy it is to run your hands and discredit what GEJ has done.



www.railway-technology.com/projects/abuja-kaduna-rail-line/

Abeg, if the British did not start the rails to open up the regions and access our minerals (enugu coal, jos tin etc, Kano agricultural products) we might still be at the mercy of our low quality leadership. Obasanjo’s govt was already working on it. Proof below.

http://www.ngex.com/business/public/Broadcast-by-President-Obasanjo-on-Nigerian-Railway-Modernization-and
Stafff | August 09, 2006
Broadcast by
His Excellency, President Olusegun Obasanjo, GCFR
On Nigerian Railway Modernization and Expansion Programme
Abuja, August 9, 2006


Fellow compatriots

It is with gratitude to God and great joy that I address you today as we mark another milestone in our on-going efforts to rejuvenate and reposition our country for greatness and sustained development. We have resolutely embraced reforms in order to move away from a past that was characterized by fiscal recklessness, plan indiscipline, misplaced priorities, and general insensitivity to the plight of the Nigerian people.

I am pleased to note that our reforms, your sacrifices and commitment to purposeful change are now yielding results. On all sectors of the economy, we are witnessing rapid changes and these are being acknowledged by the international community especially by our development partners. While we give thanks to God and I specially commend all Nigerians, we cannot and must not rest on our oars until we get to our set goals and destinations.

One area in which we have invested a lot of time, energy and resources is infrastructural rehabilitation and development. It is difficult to believe that in the decade before 1999, not a single investment was made in the power sector. The railway was not an exception to this neglect and policy indifference. Hence, I am pleased and proud to inform you all today, that the government has come up with a very bold and comprehensive agenda for the re-development, modernization and expansion of our national railway transportation system to meet our socio-economic, political, cultural development and integration objectives.

Broadly speaking, transportation offers tremendous potentials and opportunities for activating, stimulating and integrating national economies and ensuring national interaction and unity. The role of the railway mode of transport in particular has been quite significant in this respect and is quite evident in international economic and social relations and even within nations such as Nigeria.

No nation has achieved holistic development in all its ramifications without a coherent, integrated, efficient and reliable transportation system. It is therefore important that we place our railway development in proper historical perspective in order to fully appreciate the importance of our new path and approach in our inter-modal and comprehensive transportation system planning and development.

This inter-modal system includes road, inland waterways, and air transportation. Our investments in these areas are coordinated to make a lasting impact through a holistic transportation system across the country. Though I have not included bicycles in the inter-modal list of transport systems, it must not be forgotten, if only for its physical exercise and therefore, health implications.

The development of railways in Nigeria, like in most African countries was the initiative of the Colonial Administration with the objectives of exercising full political control, penetrating the hinterland, and evacuating goods to the coast for export to develop and feed their industry.

Actual railway construction in Nigeria commenced in 1898 with a 32 km line of 1067mm gauge from Iddo (Lagos State) to Otta (Ogun State), which was further extended to Ibadan covering a total of 193 km in 1901. Railway construction continued incrementally in such manners between 1901–1910, Ibadan–Jebba (295 km); 1907–1911, Kano–Baro (562 km); 1909–1915, Jebba–Minna (252 km); 1914–1916, Port-Harcourt–Enugu (243 km); and 1922–1927, Kafanchan–Jos (179 km).

Unfortunately, in spite of the obvious benefits of railway transportation, further development was more or less stultified between 1927 and 1958- a period of thirty-one years. It was not until 1958 with the construction of Kafanchan to Bauchi line (238 km) that work resumed on the rail system. This was followed between 1961–1964 with the Bauchi-Maiduguri line (302km).

This brought the total rail route of the Nigerian Railway Network to 3505 km (and if sidings are included, to 4,332 km).

In addition to the network mentioned is the 277 km on-going standard gauge railway specifically built and being dedicated to the steel complexes of Ajaokuta, Delta (Warri) and Itakpe (Iron-Ore mine). This line that stretches from Itakpe through Ajaokuta to Warri is at 90% completion level and would be put into full operational use this year as a Concession line to the operators of the concessioned Ajaokuta Steel Plants.

The emergence of the Nigerian Government Railways in 1912 was paradoxical and challenging especially with the amalgamation of the Northern and Southern Protectorates in 1914. Railway development in Nigeria during this period brought in its wake great socio-cultural impact as seen in the movement of traders from different regions and ethnic background to commercial towns created by railway activities. Besides normal commercial activities in these new commercial towns, inter-ethnic marriages, new dressing habits, food and languages and new tourist attractions, have emerged including mega towns referred to in Nigeria as Railway Towns. These include Lagos, Umuahia, Zaria, Kano, Kafanchan, Jos, Enugu, Aba and Port Harcourt.

The establishment of the Nigerian Railway Corporation in 1955 with sole responsibility for the provision of rail transport in Nigeria provided an exciting opportunity for the movement of goods and persons across the country. The corporation performed reasonably well between 1955 and 1979. In the period 1972 – 1979, in spite of efforts by Government to rehabilitate and reposition the sector, a steady process of decline in its business operations had set in.
This process was later accelerated by the systemic decay of the Corporation’s entire infrastructure, manpower and institutions.

Statistics on passenger and freight traffic show that while the Corporation in 1964 carried 11,288,000 passengers and 2,960,000 tonnes of freight, these figures dropped to 4,342,000 passengers and 1,098,000 tonnes of freight in 1974. Thereafter passenger traffic gradually grew back to 6.7 million in 1978 and reached a peak of 15.5 million in 1984 with the help of RITES of India brought in by our military administration. This declined again to 3.0 million in 1991 and 1.6 million in 2003. The same dismal performance is also reflected in the freight traffic fluctuation from 3 million tones in the 1960’s and 1970’s to less than 100,000 tonnes in recent times.

The same deplorable performance is reflected in the 6% daily locomotive availability rate and in the fact that only 25% of the over 700 Coaches and 4,000 wagons were available for use in recent times. It was certainly a combination of corruption, poor management, inefficiency, lack of adequate marketing, failure to develop new lines and to plan ahead or introduce new technology and adapt to global best practices that saw the near total collapse of the railway in Nigeria.

Government made several efforts in the last 20 years to address the deterioration. Such efforts included:

(a) Techno-Managerial Services by Rites of India (1979 – 1982);

(b) Romanian Project for the supply of Rolling Stock and
Workshop equipment (1986 – 1996) but inconclusive; and

(c) CCECC Track Rehabilitation and some Rolling Stock (1995 – 2003).

In addition to these efforts, studies were concluded on how to get the railway started including the 25-Year Vision Plan which provided the global framework and benchmark for possible Rail expansion and modernization for over 8,000 kms linking all State Capitals and major population centres and industrial areas in the country to be developed over a period of twenty-five years. The report was prepared in 2002.

As part of the effort to bring in private capital, skills and technology, the Bureau of Public Enterprises (BPE) is already considering the possibility of concessioning the existing East, West and Central lines (i.e. Port-Harcourt to Maiduguri with link line from Kafanchan to Kaduna; Lagos to Kano; and Itakpe to Ajaokuta to Warri Rail Lines respectively). Even this requires minimal rehabilitation to get value for money from concessionaires.

Today, we have a new vision, a new commitment, and a holistic strategic plan encompassing expansion and modernization of the Railway to be implemented within a 25-year time frame. Various scenarios and options of commencing and progressing with the implementation of the Plan have been presented for consideration at various fora. Following the presentation of Draft Final Proposal to the Federal Executive Council on 19th July, 2006 the Federal Government endorsed an implementation Plan entailing:

(a) 3 Nos. Longitudinal Lines, Lagos – Up North, Warri – Up North and Port Harcourt – Up North

(b) 4 Nos. Latitudinal Lines; and

(c) Branch and Extension Lines.

This covers all the State Capitals and major commercial centers in the country. Within this framework, it is further agreed that the 1st Phase of the Railway Line should entail the Lagos–Kano Standard gauge, double track railway line spanning over 1315 kilometers with a loop from Minna to Abuja and only Abuja to Kaduna being single track due to inadequate anticipated traffic. It was further agreed that the scope of work, segmentation and construction will follow 5 segments:

1. Lagos – Ibadan

2. Ibadan – Ilorin

3. Ilorin – Minna

4. Minna – Kano; and

5. Minna – Abuja – Kaduna.

This new approach will significantly impact on our people and their communities. It will ease movement, reduce reliance on vehicles and the airport, promote tourism, and build on the foundations of integration, unity, cooperation, and social harmony that we have been working so hard to consolidate.

The design criteria or technical features are:

1. A speed of 120 to 150 km/hour for passenger service

2. A speed of 80km/hour for freight service

3. Rail gauge of 1435 mm Standard Gauge

4. Maximum gradient of 12%, and in exceptional situations 15%;

5. Minimum curve radius: ordinary terrain 2000m, difficult terrain 1200m;

6. Traction type: diesel-electric engine (3 phase engine).

7. Axle weight: 23 tons

8. Type of rail: 60kg/m

9. Block type: computer interlocking, inter-station automatic block, subject to being upgradeable.

10. Continuous welded rail shall be applied on all the tracks.

The construction of the rail line will employ tens of thousands of Nigerians immediately. The entire project will promote technology transfer, the building of new skills, and the development of rail allied industries. As much as possible, local materials will be used.
Furthermore, the towns and communities around the railways will experience an improved socio-economic activity that reduces their unemployment rates.

Fellow Nigerians, this is a critical stage of our national economic growth and development. Our much desired national economic growth, development and cohesion can only be achieved with a modern and virile transportation system of which railway is a very critical part. Therefore, all Nigerians should co-operate with the Government, its consultants and contractors to ensure that the project is completed at the scheduled time for the benefit of all.

Phase I is scheduled to be completed in four years at a cost of $8.3 billion of which $2 billion is being obtained as soft loan from the Chinese Government. Phase II, which will be the second spine of the backbone- Port Harcourt to Jos, with the same design criteria, will follow on the heels of Phase I.

In this regard, those who have encroached on railway land should quietly leave such piece of land to save the Government and themselves the effort of using all means to reclaim such right of way. There will also be need to acquire new land for the modernization and expansion to new locations. I appeal to State Governments and land occupiers to co-operate in making land available for this all-important project.

By the grace of God Almighty, contract formalities for the award and commencement of Lagos–Kano 1st Phase Project of the modernization programme will be signed this month; and construction work will commence immediately thereafter.

To start with, the Federal Government is committing the sum of US$2.5 billion dollars – one billion dollars from the Chinese Government concessionary loan and with one and a half billion dollars Federal Government counterpart additions between 2006 and 2007. It is my hope that subsequent Administrations will buy into this vision and that other friendly countries will offer similar concessionary loan assistance to continue the project in the years ahead with the possibility of a West African regional railway system.

I look forward to the successful completion of the first phase of the Project and the realization of our 25-Year Rail Vision for our benefit and those of succeeding generations. Let us collectively welcome the new future of railway service in Nigeria.

May God continue to bless our dear country, Nigeria.

Thank you.
==

#change
#GMB
#APC
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by Frankestein08(m): 9:01pm On Feb 01, 2015
omenka:
I keep asking myself how we ended up with a guy like Jonathan. Intellectually, the guy is just too damn handicapped. He seems to be absolutely ignorant of the least requirements of leadership, let alone, possess same. Then what baffles me even more is how anyone with a brain of a human could support a guy like this to preside over the affairs of a state.

The quote above summarises all there is to the person Jonathan.

oh pls, stfu, don't play against our emotions and use this as to promote ur stupid aim.
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by tit(f): 9:08pm On Feb 01, 2015
tpwealth:
my dear its a pity u av attached ur brain to the amigo hair on ur head; as at december 2010 and december 18 2014 (if u read thru d post) its 4 years which am due for promotion. Go back to almajiri school established by clueless uncle

Liar,
stop digging a hole for yourself.
You talk of promotion after four years, that means you are in the organized private or public sector.
Employers give at least an "annual increment".
Stop selling your soul to the devil.
Lying is not good for you.
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by Frankestein08(m): 9:08pm On Feb 01, 2015
Splashme:


[size=13pt]It's not an insult. Nigerians love to criticise, give commentaries and analyse beautifully when they are outside govt.

So, why did he fail with Volksagen, Platinum bank and Bank PHB?[/size]

am sure he is well aware of his mistakes and am sure he has worked on em and his life is way more better than it was four years bak but how's your working out for u. undecided
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by olajide8(m): 9:08pm On Feb 01, 2015
4-5years ago I made a comment that people felt I was being biased, for- when the world bank tells you to go in one direction - please go in the other direction, being world bank doesn't mean they know our countries, or the human psychology of people living in the countries, more then us- and that's why I said right from the beginning the second coming of okonjo iweala is to make sure the debt cleared in her first term as minister under OBJ was returned*
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by DTaj: 9:15pm On Feb 01, 2015
Fourcade:



Read the full interview earlier. I agree with Prof. Pat Utomi. Jonathan's comment about private jet isn't his first in the list of public embarrassment of Nigeria. There are several! Jonathan's entire government, except Dr. Akin Adeshina, is a complete embarrassment!

I recall that Jona attended an ECOWAS meeting recently and went far behind Presidents of very small countries like Benin Republic, Togo, Burkina Faso in the group photograph like a duck out of water. The same ECOWAS Nigeria funds almost 100%.

1 Like

Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by meccuno: 9:22pm On Feb 01, 2015
Change2015:


Nobody is imposing a candidate on you. If you prefer the south East media, good luck to you. Why grouch when you have your choice. That Jonathan will lose is your real whine, but the majority of Nigerians must have their say and way. That is democracy 101. Nigeria is not complex. For the last 60yrs we have been talking about roads, rail, electricity, Education, health care etc and after 16 years of the pdp can you blame the people for being unimpressed with the current leadership that can't even hold its party together? I bet you believe the president when he says he will use 'technology' to fight corruption! That level of obtuseness, we can do without.

#change
#GMB
#APC
please he should tell us what he plans for Nigerians apart from tackling corruption...........we are wiser now....
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by Change2015(m): 9:27pm On Feb 01, 2015
meccuno:
please he should tell us what he plans for Nigerians apart from tackling corruption...........we are wiser now....

If you cared one jot, Google is not that complex to use. Wanting information as you profess, and not seeking it out, casts doubt on the wisdom claim!

#change
#GMB
#APC
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by Change2015(m): 9:44pm On Feb 01, 2015
chronique:
You just made a blunder as regards the SWF being illegal. It was actually the ECA under Obasanjo that was illegal as it had no legal back up or regulatory frame work. SWF actually has a legal back up and regullatory frame work,as it went through several readings and debate at the senate and house of reps,before it was passed into law. As a matter of fact,it was the problem arising from saving in the ECA,that led to the creation of the SWF,which after being passed into law,replaced the ECA. As at today,the ECA doesn't exist because it is constitutionally illegal. It has been replaced with SWF which has the backing of the constitution. This is one of the reasons why I always advice and admonish people to learn properly on certain topics so that they don't end up ignorantly passing the wrong information to others who might look up to them for certain things.

Same response applies.

Once again, Soludo expands the debate, challenging Iweala.
"I hereby challenge your attempt to blame others for not saving for the rainy day. It is not a virtue when you are quick to appropriate all the credit when things are going well, but shift the blame when they go wrong. You blame the state governors— who, according to you, have taken the Federal Government to the Supreme Court—not that a Supreme Court judgment forced your hands. For your information, the governors have never agreed to savings and always threatened court action even under Obasanjo. Why did we save under Obasanjo but not under Jonathan? Two keywords explain it: leadership and integrity. Governor Amaechi said the governors insisted on sharing the funds because they found out that you were illegally fiddling with the savings. So, as Nigerians still wonder, if billions of dollars are now ‘missing’ under your nose, why should governors trust you to keep their money? Do the states that have taken the federal government to the Supreme Court and refused to save also include the PDP governors—who are in the majority? If so, then it is fatal: even governors of your own party, PDP, do not trust you to keep their money! Furthermore, did the governors also stop the Federal Government from saving part of its share?

https://www.nairaland.com/2124861/ngozi-okonjo-iweala-missing-trillions-1#30337289

#change
#GMB
#APC
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by realistic20(f): 10:00pm On Feb 01, 2015
I am very angry about nigeria's govt administratn,our leaders have succeeded in diverting the citizens attention away from the major cause of unemployment in this country,they keep talking about economic sector,power sector,agricultural sector,entrepreneural empowerment of the youths and woman et al,but neglect the attrocities of the comprador elements who are in charge of foreign direct investments of this country. It is only in nigeria that transnational corporations in nigeria do not employ nigerian citizens based on merit except through connection and our so-called patriotic leaders are not doing anything about,take China for instance,if you have an administration in China, 70% of your employees must be chinese people that is how effective China's govt is, though some govt officials are corrupt. Why do you think OBJ let go of Bakassi Pensula under his administration? All of them have their monetary share from these TNCs,hence they are not concern if I or you soak garri 30 or 31 days of the month
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by omonnakoda: 10:08pm On Feb 01, 2015
THE MAJOR cause of unemployment is a very debatable concept.Some would argue that our youth are UNEMPLOYABLE for reasons of SKILL DEFICIT,ATTITUDINAL ISSUES,PROBITY/INTEGRITY ISSUES etc. The orientaation in Nigeria for too long has been focused o degree acquisition.
Employers do not pay for what you know or claim to know but what you can DO. University degrees are irrelevant these days.
Imagine you set up a restaurant with a turnover of 1 million naira a day buying 500 000 k worth of food daily .You will struggle to find a manager in Nigeria
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by Nobody: 10:09pm On Feb 01, 2015
omenka:
I keep asking myself how we ended up with a guy like Jonathan. Intellectually, the guy is just too damn handicapped. He seems to be absolutely ignorant of the least requirements of leadership, let alone, possess same. Then what baffles me even more is how anyone with a brain of a human could support a guy like this to preside over the affairs of a state.

The quote above summarises all there is to the person Jonathan.
I used to wonder about this as well. And with Buhari as a matching opposition, the next 4 years is only going to take the grace of God in terms of economic progress for Nigeria...we are running on luck.

But you see, the best Nigerian musicians is one of the answers to this perplexing question.

During my U.I days, the MTN train came along with a host of trending local musicians at the time...The whole campus grounds were full with U.i students, poly students and lots of Ibadan whuz up locals...Anyway, 2 comparisons...when Dare Art Alade came up to perform, the like s of ''us'', so called posh students, which i belong to grin, was so ecstatic! OMG Dare singing Young men...i was in orgasm, i was still a virgin(male) anyway. But, this guy was like Michael Jackson to me, sliced bread if you may, to your agege bread, which is the slum sliced bread, and there lies my ''koko'' of this matter...the bulk of the crowd were so... embarassed lipsrsealed...who the hell is this guy?!!!...the guy just kinda rounded up his act and scrammed, then came on African chyna...OMG, see how the whole grounds got scattered...Everybody was so excited and electrified...but to me, the guy, african chyna was so razz!!!

So, GEJ/ Buhari represent a bulk of what Nigerians identify with.
The educated/ posh Nigerians, cannot really elect a smart/ posh leader, who will have international charisma/ reputation, because, the posh electorate don't have the numbers to make that vote...they are but a small percentage, and most of them look at these politicians with disdain and probably won't even vote.

So, until, say fifty percent Nigerians are truly international standard educated, can you produce leaders like Obama!

Until then, don't be surprised if Jim Iyke is your next President or Don Jazzy or Kcee
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by Nobody: 10:30pm On Feb 01, 2015
Splashme:


Oga, for me and my family, yes, our lives are much better now than it was 4yrs ago.

Stop whining on social media waiting on govt to provide your every need. Our annual budget is a paltry 4 trillion. 75% of that is used for workers salary while the remaining 25% is used for projects in a population of over 170m people
Guy, I guess u and your family are part of the militants enjoying amnesty grants na... Oloshi, do ur research abt the budget b4 u blab oooo, u go watch nta finish com dey talk katakata here. Mchwwwwww
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by Locapito(m): 10:45pm On Feb 01, 2015
gregg2:


Nigerians love to criticise when they are not in govt.

Why didn't Pat Utomi speak up strongly in support of Okonjo-Iweala and Sanusi Lamido when they were left alone battling the governors and National Assembly on ECA, SWF and budget benchmarks?
please answer the question; is your life better now than 4yrs ago?
Re: Jonathan’s Biggest Economic Mistakes — Pat Utomi by koolg: 10:45pm On Feb 01, 2015
gregg2:
I wish we could rewind this country 2 to 3yrs back so we can spot all those that kicked against savings for rainy day. They fought ECA, SWF and oil benchmarks even when Okonjo-Iweala continued shouting and warning us all. This is the list I can remember:

1) House of Reps (PDP, ACN, CPC etc members because constituency projects)

2) Amaechi's faction of governors forum -opposed SWF and ECA savings strongly and up to the courts

3) Punch newspaper and The Nations - they nearly labelled Okonjo-Iweala an enemy of the nation - preaching savings for rainy day when according to them it was already raining

4) Tinubu - I remember an interview he attacked the FG to save it's own share of the federation account if they care but release the states govs share claiming they have a lot to do at home


Those idiots wanted to quickly get their share even if it meant grounding the country. All of them, governors, legislators, tinubu

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Real Reason I Resigned From Jonathan’s Govt As SURE-P Chairman – Christopher / Jonathan In Gbamaturu For Presentation Of Staff Of Office To HRM Oboro-Gbaraun / Suspected APC Thugs Disrupt Voting In Aguda, Lagos State

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