Biggest investment in Nigerian railways coming in two years – NRC MD

The current administration led by President Bola Tinubu will in the next two years invest more in the rail transport sector than all past governments combined. Managing Director of the Nigerian Railway Corporation (NRC), Dr Kayode Opeifa, disclosed this in Lagos at the 11th Nigeria Transport Lecture (NTL), organised by Transport Day Media. He said […]

The current administration led by President Bola Tinubu will in the next two years invest more in the rail transport sector than all past governments combined.

Managing Director of the Nigerian Railway Corporation (NRC), Dr Kayode Opeifa, disclosed this in Lagos at the 11th Nigeria Transport Lecture (NTL), organised by Transport Day Media.

He said the investment coming to the railway would surpass what the country had put in the industry in the last 60 years.

Opeifa who lauded President Tinubu and the Minister of the Federal Capital Territory, Nyesom Wike, and others for repositioning the transport system in the country in the past two years, spoke while delivering a paper titled: “Sustainable Transformation System in Nigeria: A Pathway to Economic Prosperity”.

He said the Nigerian government is making steady progress in building an integrated transport network across the country with the support of investors that are committed to boosting economic recovery and improving macroeconomic indicators.

Specifically, he said President Tinubu had done excellently well by daring to free scarce resources wasted on fuel subsidy and harmonisation of currency exchange rates.

Other areas in which he gave credit to the current administration are the investment in rail infrastructure, supporting states with grants for rail system infrastructure, establishment of the Presidential CNG Initiative (Pi-CNG), among others.

He said, “Of mention are the efforts of the states of the northern part of Nigeria investing in intra-city and interstate transport services as we have in Adamawa, Taraba, Borno, Sokoto, Kastina, Kogi, Gombe states, among others.”

He equally observed that the efforts of the private sector involvement in interstate transportation were more noticeable in the south-eastern regions.