Nigerian Railway Corporation (NRC) is shopping for investors under a Public-Private Partnership initiative to drive railway operations in the country.
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Managing Director, NRC, Engr. Adeseyi Sijuade, who disclosed this in Lagos, said that the government has reached a conclusion that the corporation cannot be totally transformed without the participation of the private sector.
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"In this regard, the federal government, through the Ministry of Transport, recently prepared a draft bill to amend the 1957 Railway Act and allow for private sector participation. This bill has been approved by the National Council on Privatization and will soon be submitted to the National Assembly.
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"While awaiting this bill to be passed into law, the NRC has begun a move to pave way for the privatization process".