BEARS & BULLS
BULLS: Rail Goes E-ticketing At Last
At last, Nigeria’s Minister of Transportation, Sa’idu Alkali, has launched the electronic ticketing platform for the Lagos- Ibadan and Itakpe-Warri rail line.
The electronic ticketing contract was awarded earlier this year by Federal Executive Council (FEC) to GSD Solution, to handle Lagos- Ibadan route and Fane International Consults to handle the Warri- Itakpe route at the cost of N1.96 billion for both firms.
This is expected to end the prevailing ticket racketeering by syndicates. It will be interesting to know the terms of contract for these companies.