Business NSE Calls for Privatisation of NRC

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LequteMan

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The Nigerian Society of Engineers (NSE) on Friday advocated privatisation of the Nigerian Railway Corporation (NRC) to attract the requisite private sector investment and technology.

The NSE President, Mr Ademola Olorunfemi, who made the call when he briefed newsmen in Abuja, said that such technical expertise and financial wherewithal abound in the private sector.

Olorunfemi advocated construction of double rail system that would include the much desired East-West track route to reduce travel times, optimise operations to facilitate private investment in the rail system.

``One aspect of our transport system that must be given the required attention in the interest of our economy is the railway.

``Its optimal performance will no doubt lessen traffic on our roads thereby extending the lifespan of roads in addition to the gross reduction of cases of road mishaps.

``We must move as a top railway operator on the African continent and the fabrication and local manufacture of equipment by indigenous firms should be encouraged and revamped.
 
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