THE ONLY REASON NIGERIA BORROWS FROM THE CHINESE AT INFLATED COSTS TO DO RAIL PROJECTS INSTEAD OF ADOPTING PPP MODELS LIKE THE GHANAIANS ARE DOING, IS SIMPLY BECAUSE THEY WANT TO LOOT.
The Ghanian -European Railway Consortium has signed a contract to construct 340km railway line in Ghana at $2billion under a 27 years BOT concessioning arrangement.
This Ghanian Project is a PPP driven one that will not add any jot of debt on Ghanaians government balance sheet .
In Nigeria, Buhari and Rotimi Amaechi has borrowed the same amount of money, $2billion to construct the 156km Lagos-Ibadan Standard guage rail line. Similar technology and project as the Ghanaians .
We are even hearing rumours that their maybe cost overrun on the Lagos- Ibadan project.
The World Bank , the IMF and every other global development funding agencies have on their sites average contemporary costs of doing a kilometer of rail projects across different frontiers in the world.
The average cost of doing a kilometer of standard gauge rail network project is $3.5m . For narrow gauge rail network of $2.56m per kilometer..
If you do your calculation and numbers well , you will see clearly that the average cost of doing a kilometer of the Ghana national standard gauge rail network project under a 27 years private sector led BOT arrangement is not far from the World Bank average cost benchmarks.
But for a similar standard gauge rail network being executed by Amaechi and Buhari in Nigeria under the obsolete and corruption ridden Public sector led Nigeria Railway Corporation the cost is double. Na wah ooo.
The most painful thing about the economic rape that have continued unabated in Nigeria since 1999, is that we have an overwhelming mass of ignorant citizenry who celebrate this day light public sector heist without asking questions. They celebrate those who daily rob and steal from them without asking questions.
To compound our woes in Nigeria, we have a hopelessly docile national and state assemblies that passes every rubbish that is presented to them, without much queries .
This is annoyingly sickening.
Even ordinary Ghana, Ethiopia and Rwanda are getting it right and we are here wasting resources in Nigeria and accumulating Public sector debts, that are mostly looted by those we elected to serve us.
Tomorrow, one ignorant court jester, will do a selfie at Km 23 of the Lagos Ibadan rail line and celebrate as if he won a lottery that something good is happening here. Ndi eriri eri.
God help us
OBIARAERI, Nnaemeka Onyeka.