Privatisation bill for Nigerian railways approved
Written by Kevin Smith


NIGERIA's Federal Executive Council has approved the Nigerian Railway Authority Bill 2014, which will open up railway operations to the private sector and relinquish government control of railway infrastructure, which dates back to the 1957 Railway Act.



The bill allows the private sector to build, operate and maintain the 3557km of 1067mm-gauge infrastructure which is currently the guise of Nigerian Railway Corporation (NRC). The bill has been sent to the National Assembly for debate and final approval before it is implemented.

NRC says it requires private investors and modern technical expertise to revive Nigeria's poorly-maintained railway, which consists of two main lines from Lagos to Nguru and Port Harcourt to Maiduguri.

Nigerian presidential spokesman, Dr Reuben Abati, said the railways bill is part of the Cabinet Committee's report on the draft transport sector reform bills. "The existing laws governing the transport sector are mainly public sector driven and largely constrained by limited autonomy, conflicting and sometimes overlapping functions," he says.

The approval of the bill now revives the delayed plans for three separate concessions of 25-30 years for private firms to operate the western, central and eastern railway corridors.

http://www.railjournal.com/index.php/policy/privatisation-bill-for-nigerian-railways-approved.html

That's a welcome development

Way to go! With this good news, we can expect more investment in the railway sector, better service delivery and potential jobs for our teeming youth.

I still advocate for turnaround maintenence or complete resuscitation of Ajaokota Steel plant for our steel mills to start churning out composite steel used for manufacturing of various materials and equipment for the railway, defense, power, automotive and other industries as it would be a major boost to our economy. If all else fails and that junk yard still can't roll out steel from its mills to support our manufacturing base, it should be privatised as well. Enough with the p*55y-footing abeg.

I pray GEJ doesn't provatize me and my family someday...IJN. Amen

KHAYGOLD:
I pray GEJ doesn't provatize me and my family someday...IJN. Amen

Please go to school first, nobody will privatize the uneducated.

When they privatise all the sectors, what then would a responsible government do for her citizens? Fold their hands and watch them wallow in poverty because the so called privatised power sector has yet to bear any fruit whatsoever.

gbl01:


Please go to school first, nobody will privatize the uneducated.

Read between the lines before quoting me. One thing is to go to school, another thing is to be educated. It is your type that says literacy is education. GEJ's cohort....

Johnpaul88:
When they privatise all the sectors, what then would a responsible government do for her citizens? Fold their hands and watch them wallow in poverty because the so called privatised power sector has yet to bear any fruit whatsoever.

He's also gonna privatize the citizen now. A very lazy government that always shy away from responsibilities. All they know is to share revenue among themselves. No initative whatsoever on how to manage the whooping wealth of the nation. Awon oponu oshi.

gbl01:


Please go to school first, nobody will privatize the uneducated.

That was good.100 likes for this.

KHAYGOLD:
I pray GEJ doesn't provatize me and my family someday...IJN. Amen

provatize? this guy needs help.

Good

gbl01:


Please go to school first, nobody will privatize the uneducated.

The rant is needless. He was only being sarcastic!

KHAYGOLD:


Read between the lines before quoting me. One thing is to go to school, another thing is to be educated. It is your type that says literacy is education. GEJ's cohort....

We'll read between the lines when you mind your spellings

LeStylo:


The rant is needless. He was only being sarcastic!

Sarcasm? You need to read his posy and mine-but do it slowly, you might understand thereafter

in most developed countries, the railway is in d hands of private sectors. .....this is d way to go......but i hope it isn't sold to dangote and his cliques of billionairs.....na dem go still buy am jare

Buhari is a terrorist
Apc Is bokoharam
Gej till 2019

God bless Adams smith!