By Femi Ogunshola
The Nigeria Railway Corporation (NRC) has taken action against staff involved in ticket racketeering, including terminations and demotions.
Fidet Okhiria, the Managing Director of NRC, shared this information during an interactive session with the House of Representatives Committee on Finance.
He mentioned that the corporation is collaborating with security agencies to combat the issue.
James Faleke, the chairman of the committee, expressed worry over the meager N345 million revenue remitted by the corporation in 2023, prompting discussions about the need for self-funding to cover operations and remit surpluses to the government.
“Our concern is that if we expect so much revenue from NRC and we aren’t getting it, then there is a problem.
“I think we should take the decision that the railway should be self-funded to take care of its operations and remit to the government the surplus,” he said.
Edited by Ali Baba Inuwa