The Nigerian Railway Corporation is considering an upward review of passenger and freight tariffs as mounting operational costs continue to pressure its finances, The PUNCH has learnt.
The planned fare adjustment comes barely hours after the expiration of the Federal Government’s 50 per cent Eid-el-Kabir train fare discount, a temporary intervention introduced to cushion transportation costs for Nigerians during the festive season.
Findings showed that the corporation is battling escalating expenses on fuel, maintenance, security, personnel, spare parts and infrastructure management, with officials warning that the current pricing structure may no longer be sustainable.
The NRC currently operates three standard gauge corridors, which are the Abuja-Kaduna Train Service, Lagos-Ibadan Train Service and Warri-Itakpe Train Service. These standard gauges are in addition to narrow gauge mass transit operations on the Iddo-Ijoko, Iddo-Kajola and Port Harcourt-Aba routes.
Sources familiar with the corporation’s finances said the rising cost of Automotive Gas Oil, commonly
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