The planned concession of Nigeria’s rail system by the Federal Government has delayed the resumption of transportation of refined petroleum products by rail across the country.
The Executive Secretary, Petroleum Equalisation Fund (PEF), Ahmed Bobboi, who made this known in Abuja on Tuesday, said the agency was awaiting Federal Government policy direction as regards rail concession so that it could enter into discussions with the eventual managers of the railway.
“We planned to introduce the railway equalisation programme last year, but certain developments delayed it. One of the development is the government policy of divesting from that area because government is considering the concessioning of the management of the railway system” he said.
