NEWS

Union Cautions FG On Railway Privatization

Federal Government has been cautioned against taking hasty decision on the planned privatization of the Nigerian Railway Corporation, NRC, which may further deplete the fortune of the organization.

Rather, the government was advised to formulate, for guided implementation, a long-term rail transport investment policy that would achieve for the nation integrated transport development, which ultimately would guarantee major future infrastructure renewals.

The Nigerian Union of Railway workers, NUR, stated these in a letter signed by its General – Secretary, Comrade Segun Esan to President Muhammadu Buhari, copied the Vice President Yemi Oshinbajo and made available to journalists in Lagos.

The letter warned that the privatization of the railway system by the government would only achieve increasing inequalities in the redistribution of wealth, which would deepen gap between the rich and poor.

Esan insisted that privatization of railway negates the great expectation of the citizenry and the “Change your great political party, All Progressives Congress, APC, promised Nigerians.”

Credit: NationalMirror

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