
The Nigerian Railway Corporation (NRC) is making a major investment by allocating ₦8,52 billion for train procurement this year. This budget decision was taken after the National Assembly approved the 2025 appropriation bill.
The Federal Government has allocated a total of ₦2025 billion to the NRC in 39,18. Of this amount, ₦2,79 billion is aimed at improving service reliability through railway rehabilitation and repairs.
Major Resource for Infrastructure Improvements
The NRC plans to allocate ₦2,7 billion this year to rehabilitate and repair office buildings across the country. This infrastructure upgrade is aimed at creating better operational efficiency in the railway sector. The modernized buildings will provide a more functional working environment for company employees and customers.
Distribution of Railway Investment
The NRC’s budget plan is notable for its allocation of resources to a variety of projects:
- Diesel and Spare Parts Supply: ₦2 billion was allocated for locomotives and power cars. Another ₦1 billion was allocated for spare parts, locomotives and rolling stock.
- Purchase and Rehabilitation of Railway Vehicles: ₦1,68 billion was allocated for works to modernise the railway infrastructure.
- Minna-Baro Narrow Gauge Line Project: The rehabilitation of the section from this line to the Baro River Port will cost ₦1,19 billion. This project has the potential to improve trade and logistics links.
Modernization and Efficiency Target
The NRC aims to improve transportation efficiency across the country by modernizing the railway system. The ₦8,52 billion allocated for the procurement of locomotives and rolling stock will make rail transportation safer and more efficient.
Strategic Resource Allocation
NRC’s investment plans aim to increase the company’s operational capacity by improving its railway infrastructure. With the support of the Federal Government, the company is focused on delivering a more reliable and modern railway system across the country.
In conclusion, these budget decisions and investments are shedding light on the continued development of Nigeria’s railway system and are significant steps towards realising the company’s vision.