It is with great pleasure that I welcome all our invited guests to this momentous event as we gather to deliberate on how best to reform our railway system. The Nigerian Railway Corporation Act Amendment bill 2015, is one of the high priority bills of the National Assembly and we are
determined to ensure its passage in the manner that you, will advise through this public hearing.
The 8th National Assembly remains committed to providing the necessary legislative support to aid infrastructure development and lay down the architecture on which a new virile Nigerian economy could be built. The rail system is one of the most important arterial systems of our economy and therefore a major determinant of the success or otherwise of our economic reform package. However, not so much havebeen achieved in the past to move this critical vehicle of the economy from the colonial initiative it has been to a 21st century economy solution.
The existing law in the rail subsector was drafted and enacted to support an outmoded model that restricts management and investments in railway to the public sector. Aside the fact that this law has become too old and outmoded, many experts including the business community agree that there is need to separate the regulator from the operator and give investment remit to both the states and the private investor to invest in the sector. This, it is said, is to ensure a much more rapid deployment of the rail system across the nation and bring in competition, innovation and drive in this all-important sector.
Distinguished Colleagues, invited guests, I sincerely hope that the proposed Railway Bill will lead to andush

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