Below is what Saraki shared on social media...…


Private Sector Can Now participate in Nigerian Railway Industry

This morning, I signed the Senate’s version of the Repeal and Re-enactment of the Nigerian Railway Corporation Act of 1955. This re-enactment, which is coming nearly 61 years after the act first came into existence, is significant because it provides a legislative framework that opens up Nigeria’s railway system to private sector participation.

The changes in the law are also aimed at promoting competition in the railway system - in order to make the service more affordable, effective and accessible to every single Nigerian. Furthermore, the framework which the Senate has passed places emphasis on the maintenance culture of our rail systems.

I would like to commend the Senate Committee on Land Transport, led by Senator Gbenga Ashafa for the thorough job that they did in putting together the final version of the Bill.

I am equally delighted that the Nigerian Society of Engineers are in support of this Bill, as a message I received from the Chairman of the Society earlier today expressed that the 8th Senate has achieved a feat that “seemed like an impossibility for more than 40 years.”

Moving forward, it is my hope that this Bill, which was a key focus at the breakout session on Land Infrastructure at the National Assembly Business Environment Roundtable (NASSBER) earlier this year, will be given expedited passage in the House of Representatives and signed into law by Mr. President for the benefit of Nigerians across the country.

Senator Abubakar Bukola Saraki

Source: http://www.trezzyblog.com/2016/07/private-sector-can-now-participate-in.html

This will make it more competitive.Nice idea!

Goodnews

Goodnews indeed, Nigeria must survive.

That is the blood of Pdp working in saraki.

Good update from the senate president. Pls we want to knw the NASS Budget.

FG please approve the creation of FRSC(Federal Railway Safety Commission) to start duties from over_loaded lagos trains .


If you want to learn Train Management, Driving, maintenance and Traffic agent......pls contact me...check my signature.
Train Development is a major priority in this current administration, even with the ongoing partnerships...is a multimillion investments.dont be left out.

This is long overdue, I hope in the nearest future, someone working in Lagos would be able to comfortably leave his house in Oshogbo and get to work in good time like its been done in some places in the world thereby reducing the pressure and stress of living in Lagos and other cities in the country.

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Sarah dey sign bills into law now or the president?

Ok

Nice, jobs will now be created 4rm this.

Nice, the same way state governments should be allowed to generate electricity and use it.
I think that should be looked into too.

Nice one

Luxxycool:
This is long overdue, I hope in the nearest future, someone working in Lagos would be able to comfortably leave his house in Oshogbo and get to work in good time like its been done in some places in the world thereby reducing the pressure and stress of living in Lagos and other cities in the country.

That would certainly lessen the pressure on Lagos if people can get to live in the surrounding states and take a fast moving train ride to work daily.

Impressed,hope to get investors who are interested in that sector

They shld jst privatise the whole country, and let us be managed by sensible people rather than all these gays

Good one From our Amiable senate president...

Nice one Mallam Saraki. This will surely open up the railway sector for massivr development. The same process happened in the telecoms sector.

immagine an IBO man runing d railway business I no call person name oo

Good development

Good move.

Thank God they have started the job they were elected to do I'm Impressed....
The first real reasonable bill they have signed since they got in over a year.

Qmerit:
Nice, the same way state governments should be allowed to generate electricity and use it.
I think that should be looked into too.

I thought that they are allowed already, not so?

seguno2:


I thought that they are allowed already, not so?

NO.
Find out bro!

The people are busy reviving railway now,nobody sees it.By the time d soup is done for commisioning,some people will say it's Jonathan that did it,Amechi just commission.

APC gov is busy on repositioning Nigeria while PDP is busy blowing pipelines.Wailers will hail them and still come back to insult d workaholics.Party that destroyed dis country to dis state is still being prefered to party dat is doing everything possible to bring about d desired change.I HAIL NAIJA OOO

This is great! Nigeria will live, surely!

lailo:
APC gov is busy on repositioning Nigeria while PDP is busy blowing pipelines.Wailers will hail them and still come back to insult d workaholics.Party that destroyed dis country to dis state is still being prefered to party dat is doing everything possible to bring about d desired change.I HAIL NAIJA OOO

I thought u hate Saraki, hypocrite, so far Saraki is more effective than ur docile president.

Senator gbenga ashafa( APC, LAGOS). Led committee putting together an amendment to liberate the railway and break the monopoly like OBJ did with TELECOMMS now we enjoying the benefits!

If this was GEJ we would be talking about PRIVATISATION and UNBUNDLING of NRC. Lols

Yes maybe it will favour tinubu and his cohorts more and make them more money... but when I board a BRT bus and listen to music as A/C cools my head I don't bother myself with whose pocket my N120 is going to, I bother myself with when BRT will be extended to ajah so I can enjoy the A/C all the way from mile12 to ajah.
I LOVE LAGOS

P.S: for those in b/city is the comrade bus still operating?

power900:
immagine a IBO man runing d railway business I no call person name oo

As far as the igbo man remains a Nigerian NOTHING WRONG IF IGBOS RUN EVERY FACET OF NAIJA LIFE,
Same way I SEE NOTHING WRONG WITH a northern nigerian RULING US FOREVER

The same gaddafi Libyans hate is the one they now miss #IRONY