Business
Chartered Transporter Tasks FG On NRC Privatisation
A chartered transporter, Dr Basil Opara, has called on the Federal Government to ensure that the full privatization of the Nigerian Railway Corporation (NRC) does not drag for long.
He said that the full privatization of the railway and other facilities across the country will boost the country’s economic growth and development.
Opara, who made the call during a chat with The Tide in Port Harcourt, said that the idea of NRC privatization when implemented would resuscitate the dilapidated rail lines across the country.
He said the move would yield positive result, and cited the example of the telecommunications sector since 2001 as yielding positive result.
“The idea to privatise the railway sector is quite commendable because it will allow private investors, both local and foreigners to be stakeholders in transport.
Opara, who is a member of the Chartered Institute of Transport and Logistics (CITL), said that once the sector was privatized and it fell into good hands, there would be the tendency for good restructuring and maintenance by the new owners.
It would be recalled that the Federal Government had on May 7th 2015, directed the Bureau of Public Enterprises (BPE) to commence the privatization of the NRC and other railway facilities across the country.