By Olasunkanmi Akoni
LAGOS — The Nigerian Railway Corporation (NRC) has formally granted the Lagos State Government a permanent operating licence for the Lagos Rail Mass Transit (LRMT) Red Line, ending its 128-year monopoly as the sole developer and operator of railway services in Nigeria.
Speaking during the signing of a Memorandum of Understanding (MoU) and licence presentation ceremony in Lagos on Tuesday, the Managing Director of the NRC, Dr. Kayode Opeifa, described the development as a major step towards a regulated multi-operator rail system in line with global best practices.
“For 128 years, since 1898, the Nigerian Railway Corporation has remained the sole developer and operator of railway services across Nigeria.
“Today, we formally change that narrative, not by abdicating our statutory responsibilities, but by expanding our horizons,” Opeifa said.
