The Federal Government in Abuja directed the Bureau of Public Enterprises (BPE) to initiate the privatisation of the Nigerian Railway Corporation, NRC, and other railway facilities across the country.
The National Council on Privatisation (NCP) gave the directive to the BPE and the Nigeria Infrastructure Advisory Facility (NIAF), after its council meeting in Abuja.
Director-General of the BPE, Benjamin Dikki said the decision to reform the railways represents the government’s desire to avoid the collapse and eventual shut down of the railways, generally regarded as a loss making but socially and economically imperative to the nation.
According to him, „he funding challenges facing the future of rail in Nigeria seems dependent on the efficiency and professionalism which the private sector can bring to improve railway operations.”
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