Economy

Commercial Operations Begin on Lagos-Ibadan Railway in September –NRC

  • Commercial Operations Begin on Lagos-Ibadan Railway in September –NRC

The transportation of passengers, goods and services on a commercial basis will commence on the Lagos-Ibadan railway between September and October this year, the Nigeria Railway Corporation has said.

It was also gathered from the NRC that commercial services will start on the Itakpe-Warri rail line in August this year, while the movement of trains from Iju in Lagos State to Ibadan in Oyo State had commenced.

The Managing Director, NRC, Fidet Okhiria, who spoke to reporters in Abuja, noted that while some coaches for the Lagos-Ibadan rail line were already the ground, about 10 more were being expected in a couple of months.

He said, “Right now, you can ride on the train from Iju in Lagos to Ibadan in Oyo State. And we are hoping that in the next three to four months the coaches we ordered will come in. Two coaches have already come in but we don’t want to start with the big coaches because the price will be too much.

“So, we are expecting the normal coaches to come in and nothing stops us from operating them. We have two that have already come in but the Chinese called me recently that we may go for inspection for the next set of coaches soon because we must go there to check their performance before they (Chinese) ship them.”

On the number of coaches being expected, he replied, “We are expecting a set of 10 at first. It is about sixty coaches.”

Okhiria also spoke about moves by the NRC to commence the sales of tickets online, as he noted that over 112 firms submitted bids for the initiative.

He said, “When we advertised this, it took long because over 112 companies submitted bids and so we had to be pruning them until we got about three that came first, second and third. And that is the stage we are right now.

“So we have to make sure that due diligence is followed because once we start it, we will have to extend it to other areas and not just on the Abuja-Kaduna route.”

He said the NRC wanted a situation where the ticketing process would be genuine and where there would be adequate security in the exercise.

On the Itakpe-Warri route, the NRC boss said, “We are operating the Itakpe-Warri line and I think we should go commercial in August. We have not gone commercial because of the place to sell tickets. We are preparing smaller stations where people can buy tickets because we don’t want to sell tickets on the train to avoid ticket racketeering.”

When asked whether the government would connect the rail line from Itakpe in Kogi State to Abuja, Okhiria noted that there had been approval for it.

“There is an approval for a private company to do Warri to the ports and from Itakpe to Abuja. Also, there is another approval for us to source for funds to do Port Harcourt to Warri, Benin and Agbor. All these tracks cannot be lower than standard gauge. There is nothing like narrow gauge again because it is obsolete,” he 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.

Share
Published by
Samed Olukoya

Recent Posts

Naijaonpoint.com: A Growing Concern Over Plagiarism Allegations

In recent months, Naijaonpoint.com has come under scrutiny following allegations of unauthorized use of content…

2 hours ago

Centralise Regulation for our Industry, E-hailing Drivers Urges FG

In a bid to bolster the interest of drivers in the country, E-hailing drivers, under…

4 days ago

Felicia Obozuwa Takes on Key Role as FCMB Executive Director, Corporate Services

First City Monument Bank (FCMB) has announced the appointment of Felicia Obozuwa as its Executive…

4 days ago

Equities Market Sheds N931 Billion as 40 Stocks Decline in Another Bearish Session

The Nigerian equities market extended its losing streak for the fourth consecutive session Wednesday with…

4 days ago

70 Million Poorest of The Poor Nigerians To Get N75,000 From FG

Notwithstanding that the Federal Government's efforts to distribute cash to poor Nigerians have failed in…

4 days ago

Dollar to Naira Exchange Rate Today, January 16th, 2025: Black Market vs CBN Rates

The Dollar to Naira exchange rate remains a critical indicator of Nigeria’s economic landscape, reflecting…

4 days ago