FG moves to audit NRC assets at Apapa port over Lagos-Ibadan SGR project

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The Ministry of Transportation has directed the Nigerian Railway Corporation to take stock of its assets at the Apapa Port, with a view to creating space for the station over the ongoing Lagos-Ibadan standard gauge rail project.

Rotimi Amaechi, the transportation minister gave the order Saturday, during an inspection tour of the site for the rail station which is part of the Lagos-Ibadan standard gauge rail corridor.

Amaechi said an audit of the railway properties became more compelling, following discoveries made during the inspection. The evaluation will help uncover the number of properties on lease, as well as the period of expiration.

“How can NRC acquire their own property?  If all these properties are for NRC and were leased out, we need to know for how many years, if it has expired or not,” the minister said.

“Let us revalue it. If we are to get those properties for the stations, does it make economic sense or not; if it does not make economic sense we can leave it, we want to have a hotel and shopping mall there, just like the Ebute Meta station.

“They should not just do valuation but know the ownership of those properties. If we have leased them out, they have no choice but to pay. If the lease has expired, the owners don’t have a choice than to hand over the property to us but we have to do an audit first.”

While commenting on the issues militating against the use of rail to transport cargoes to Apapa port, Amaechi insisted that only the standard gauge lines could be deployed to increase the tonnes of cargoes that can be transported daily.

“We are yet to construct standard gauge that will function in that capacity. Until that happens, you can’t … Read More...