Economy

Lagos-Ibadan Rail to Use Electricity in Future

  • Lagos-Ibadan Rail to Use Electricity in Future

The Nigerian Railway Corporation (NRC) has disclosed that the ongoing Lagos-Ibadan rail project can be converted to electric train in the future.

The District Manager of the Nigerian Railway Corporation, Mr Jerry Oche, said the Lagos-Ibadan rail project was not just about the standard gauge only but also the possibility of the project to be converted into an electrically driven train in the future.

“I’m sure most Nigerians are aware of the Lagos-Ibadan Standard gauge railway project.”

“This is one of the projects that government of the day has taken very seriously.”

“As a matter of fact, it’s a project funded by China and Nigeria Government.”

“Nigeria, as of today, has paid 100 per cent counterpart funding for that project.”

“Every month, we have project meeting chaired by the Minister of Transport Rotimi Amechi himself, not representative.

“The government of the day is serious on delivering that project; work is going on as we speak.

“And of course, in railway, the standard gauge is the in-thing of the day.

“This particular project is not just about the standard gauge, we’ve also taken into cognisance, the possibility for this project to be converted into an electrically driven train in the future.

“All the provisions, all the land we’ve acquired, we’ve made provision for that possibility, in case we wake up tomorrow and we say hey, we want to convert it to electric trains.

“But we all know why we wouldn’t want to do that now; we all know the power situation in the country.

But if there is an improvement, I can assure you, we will change to that (electric trains),’’ Oche said.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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