Govt plans private rails ownership

Refutes concessioning maritime security to a private firm TRANSPORT Minister Idris Umar yesterday announced a Federal Government move to remove its monopoly over building and ownership of rail lines and the railways, saying it is set to repeal and re-enact the Nigerian Railway Act of 1955. The Act gives exclusive rights of ownership of the railway to only the Nigerian Railway Corporation (NRC), making it impossible for the private sector and the state governments to play a role in the establishment ...
Read the rest of the story on Guardian News

Added March 19, 2012
from Guardian News