• Contact Us
  • About Us
Monday, March 9, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Labour endorses concession of railway assets, insist FG pays severance package to workers

metro by metro
November 8, 2016
in Economy
0
FG seeks $29.960bn foreign loan for power, rail, road projects
0
SHARES
0
VIEWS
In what seems like a break from labour’s traditional opposition to privatisation or concessioning of public assets, workers of the struggling Nigerian Railway Corporation (NRC) are endorsing the planned concessioning of the corporation.
The workers under the aegis of Nigeria Union of Railway Workers (NUR) and Senior Staff Association (SSA), Nigeria Railway Branch, said they were in support of ‘patriotic concession’ of the railway assets if only this will make the sub-sector a true hub of the Nigerian transportation system.
They are, however, opposed to what they termed ‘wholesale transfer’ of the workers’ liabilities to the would-be concessionaire, as they insist  on full settlement of all labour issues, including payment of negotiated severance package by the Federal Government before concluding the concession process and handing over to the concessionaire.
The workers represented by their unions’ leaders at a news conference jointly addressed by Esan Segun, secretary general, NUR, and Romanus Emezie, secretary, SSA (NRC Branch), in Lagos, Tuesday, also want the concession process to be made transparent, with due diligence followed.
“Let it be made abundantly clear that, Nigerian Railway workers are not and will not be against the concession of the Nigerian Railway assets only if it is done with a sense of patriotism and due diligence to make rail sub-sector a true hub of the transportation system in Nigeria.
“We will also not antagonise the process if Federal Government engages the workers in dialogue where demand for a genuine and fair labour disengagement policy that guarantees our rights of fair severance benefits from the Federal Government are heard and fully met before conceding the railway assets to a third party.
This is the preferred choice of Nigerian railway workers to dangerous and seamless transfer of workers to concessionaire who may choose to weed the inherited workforce into joblessness, squalor and perpetual psychological trauma,” the unions’ leaders said.
According to the unions, the workers will also keep their peace “if the Federal Government decides today, among other things, to monetise the staff quarters to the workers as directed by the monetisation policy of 2005”.
Rotimi Amaechi, Nigeria’s minister of transportation recently confirmed that negotiations were ongoing for the concessioning of the narrow gauge lines across the country to General Electric (GE). Amaechi said that the agreement would be signed before January 2017.
“We are negotiating to concession the old narrow gauge lines from Lagos, Kano, Funtua, Kaduna, Port Harcourt, Aba, Umuahia, Enugu, Makurdi, Jos, Bauchi, Gombe to Borno. The entire western and eastern lines will be rehabilitated but we will concession the project to GE and they are bringing in $2 billion to embark on the project. “If we concession the lines to them and they run it with their money, then you can be rest assured that movement of goods will continue but at a slower speed.”
The minister said that the concession would be for a period of 20 to 25 years, stressing that GE would run it after reviving the lines and provide coaches on all the revived lines.

Read Also

Aftermath Of Criticisms, Tinubu Begins Process Of PIA Ammendment To Sustain Executive Order

Amid Dwindling Purchasing Power Of Naira, January Inflation Eases To 15.10 Percent 

Nigerian, Zambian Currencies May Post Further Gains As Ghana’s Cedi Faces Pressure

Previous Post

Intrigues as Ambode awaits nod for next CFO to manage Lagos N662bn budget

Next Post

Nigeria plans ‘Super Regulatory” agency for mining sector

Related Posts

Tinubu’s Government Orders Sale Of IBEDC, 4 Other Discos Within 90 Days
Economy

Aftermath Of Criticisms, Tinubu Begins Process Of PIA Ammendment To Sustain Executive Order

February 27, 2026
National Bureau
Economy

Amid Dwindling Purchasing Power Of Naira, January Inflation Eases To 15.10 Percent 

February 16, 2026
UBA, Fidelity, Others Extend Workdays As CBN Insists On January 31 Deadline For Depositing Old Naira Notes
Economy

Nigerian, Zambian Currencies May Post Further Gains As Ghana’s Cedi Faces Pressure

February 6, 2026
Yuan Expected To Rise In 2026 Amid Cautious Optimism From  Beijing
Economy

Yuan Expected To Rise In 2026 Amid Cautious Optimism From  Beijing

February 4, 2026
Next Post
Kayode Fayemi,

Nigeria plans ‘Super Regulatory" agency for mining sector

Iranian Body To Choose Next Supreme Leader Within 24 Hours — Report

Iranian Body To Choose Next Supreme Leader Within 24 Hours — Report

March 7, 2026
Netanyahu Vows To Carry On War, ‘Eradicate Iranian Regime’

Netanyahu Vows To Carry On War, ‘Eradicate Iranian Regime’

March 7, 2026
Nigerians Overstaying Visa Risk Serious Sanctions, US Warns, Says “No Honest Mistakes”

Trump Receives Remains Of US Troops Killed In Iran War

March 7, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version