News
Southwest Development Commission Secures Rail Licence To Connect Six States
The Southwest Development Commission has secured a provisional Rail Operating and Track Licence from the Nigerian Railway Corporation to develop a regional rail network across the South-West.
The commission said the project is designed to revive previously unserved and dormant rail corridors, while establishing a modern transportation system linking key economic hubs in the region.
Under the plan, the rail network will connect all six South-West states — Lagos State, Ogun State, Oyo State, Osun State, Ondo State and Ekiti State — through an ambitious 44-city rail grid.
Officials noted that the initiative is expected to significantly boost regional integration, ease the movement of goods and passengers, and stimulate industrial growth across the South-West corridor.
The project is also projected to contribute to increased productivity and economic expansion, with a focus on enhancing supply chains and unlocking new investment opportunities within the region.
The provisional licence marks a critical first step towards the realisation of the rail network, with further regulatory approvals and infrastructure development phases expected to follow.
-
Business21 hours agoBREAKING: Nigeria’s external reserves cross $54 billion, highest level in 18 years
-
News23 hours agoBREAKING: Explosion As Boko Haram Targets Convoy Of APC Gov’ship Candidate In Borno
-
News9 hours agoOutcry as fake products flood markets
-
Metro22 hours agoGhanaian government launches app for lovers to verify each other’s marital status
-
Celebrity Gist9 hours agoOkoye really sweet, Cardi B says after third sighting
-
News9 hours agoN33.75bn Cash Transfer Mystery: FG Failed to Prove Millions of Vulnerable Nigerians Received Funds — Auditor-General
-
Business8 hours agoAirport policies didn’t drive Uber out of Nigeria, says FAAN
-
Metro8 hours agoTrafficker lures, sells 15 Nasarawa children
