LAMATA AND NRC REAFFIRM COMMITMENT TO STRENGTHENING NIGERIA'S RAIL SECTOR IN LINE WITH PRESIDENT TINUBU RENEWED HOPE AGENDA
The Lagos Metropolitan Area Transport Authority (LAMATA) and the Nigerian Railway Corporation (NRC) pledged their joint commitment to strengthening Nigeria's rail sector in line with the 8 point agenda of the President Bola Tinubu administration.
The two organizations made the commitment when the management of LAMATA led by it's managing director Mrs Abimbola Akinajo paid a strategic visit to the headquarters of the NRC in Yaba Lagos and were warmly received by the management led by the managing director Comrade Kayode Opeifa.
The two organizations discussed areas of partnership and collaboration which focused on improving operational synergy, crisis management and ensuring the sustainability of railway services to support economic growth and job creation. Comrade Opeifa assured LAMATA of NRC's continued support, emphasizing that a well integrated railway system is critical to reducing transportation costs, enhancing trade, eradicating poverty and boosting food security by ensuring efficient movement of goods and services across the country.
Both organizations acknowledged that a stronger collaboration between them would also drive economic diversification and industrialization, by positioning Nigeria's railway system as a catalyst for national development.
The highlight of the meeting, was the emphasis on private sector investment in the Nigerian railway system. MD of NRC Comrade Kayode Opeifa, called on investors to take advantage of the existing infrastructure provided by the government and commit significant resources towards modernizing and expanding railway services. He like his LAMATA counterpart, stressed that the government alone cannot achieve the ambitious transformation required in the sector, while urging private investors to inject capital into rolling stock acquisition, modern rail technology and allied services. According to comrade Opeifa, increased investments would not only elevate Nigeria's railway system to global standards, but also create employment opportunities, wealth and contribute to human capital development.
Both organizations harped on the importance of fostering investments friendly environments that encourages financial institutions and stakeholders to support rail infrastructure modernization and expansion. Comrade Opeifa assured LAMATA that NRC's doors are open to any developmental initiative that aligns with the broader goal of building a world class railway system in line with the 8 point agenda of President Bola Tinubu administration.
LAMATA and NRC reaffirmed their commitment to advancing Nigeria’s transportation sector through strategic collaboration, innovation, and private sector participation.
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