The Federal Government is currently discussing with investors on how to power Nigeria’s trains with electricity or gas, following the astronomical hike in the cost of diesel, it was gathered on Tuesday.
Partners in the discussion are giving greater consideration to the use of electricity by establishing an Independent Power Project that will operate at a frequency and voltage different from the regulator domestic supply by power distribution companies.
Diesel price increased from about N250/litre in January this year to about N800/litre currently. Sunday PUNCH exclusively reported that the amount spent daily on fueling the trains that operate on the Lagos-Ibadan Train Service, for instance, was 135.3 per cent higher than the earnings of the Nigeria Railway Corporation from tickets sale.
To address this, the Managing Director, NRC, Fidet Okhiria, told our correspondent that the Federal Government, through the corporation, had commenced discussions with…