The Nigerian Railway Corporation (NRC) has highlighted the crucial role of the Southeast Development Commission (SEDC) in the Nigerian government’s mission to expand and modernise the country’s railway infrastructure.
The Managing Director/CEO of the corporation, Mr. Kayode Opeifa made the statement when the delegation of SEDC led by its Managing Director, Mr. Mark Okoye paid him a visit at the NRC Headquarters in Ebute Metta, Lagos State Southwest Nigeria.
The visit underscored the importance of the SEDC in ensuring that development efforts reach all states, particularly in the southeastern region.
He emphasised that the NRC has historically been at the heart of Nigeria’s economic growth, tracing back to the colonial era when the first rail lines were built to facilitate trade and commerce.
The NRC head stressed that the government is prioritising the rehabilitation and expansion of railway networks to enhance mobility, reduce the cost of transporting goods, and improve economic productivity.
“NRC has successfully constructed over 1,000 kilometers of new or refurbished rail lines in the past decade, marking a significant milestone in railway development.
“The railway system is integral to Nigeria’s transportation network. Without an efficient railway, our economy cannot reach its full potential,” the Opeifa stated.
He further noted that revitalising the railway sector would lead to a significant reduction in the cost of goods, benefiting businesses and consumers alike.
Among the key highlights of the visit was the discussion on ongoing projects, including the rehabilitation of the eastern corridor railway line, which is expected to restore connectivity between key cities in the southeast and other parts of the country.
Addressing concerns about the availability of railway assets, Opeifa affirmed that the NRC is actively working to repurpose outdated infrastructure and improve service delivery.
Additionally, the SEDC’s role in human capital development was emphasised, with many southeastern professionals contributing to the growth of the railway sector.
The presence of high-ranking railway officials from the region further underscored the commitment to regional inclusion and national integration.
With plans underway to enhance railway services across Nigeria, the NRC remains committed to ensuring that railway development aligns with national economic goals.
The federal government’s push for modernisation, increased efficiency, and expanded railway connectivity is expected to propel Nigeria’s GDP growth and bolster trade both domestically and internationally.
Mr. Okoye who was with a board member of the SEDC, Princess Joke Adebayo Chukwuma, expressed gratitude to the NRC’s Managing Director and CEO for accommodating their visit on short notice.
He emphasised the significance of the partnership in aligning with President Bola Ahmed Tinubu’s Renewed Hope Agenda and the broader United Nations Industrial Development Organization (UNIDO) objectives for national growth.
“For over five decades, the Southeast region has advocated for a structured development framework. Under this administration, in less than a year, we have witnessed historic progress with the establishment of the SEDC,” she said.
The commission, which was inaugurated on February 11, 2025 has identified five key sectors to drive the region’s economic expansion from $40 billion to $200 billion within ten years. These sectors include agriculture, industrialization, technology, creative economy, and tourism, with infrastructure serving as the enabling foundation.
Okoye stressed that the commission seeks to ensure project sustainability by making them bankable, reducing reliance on government funding, and encouraging private-sector participation.
“Our goal is to develop a seamless business climate across all five states in the region. We want consistency in ease of doing business policies, laws, and investment regulations to attract both domestic and international investors,” she added.
He added that the commission intends to establish an investment fund driven through an investment corporation to finance long-term projects, ensuring financial independence within a decade.
The delegation also highlighted security and investment climate enhancement as immediate priorities, recognising that economic transformation cannot thrive without a stable environment.
The collaboration with the NRC is expected to play a crucial role in the region’s master planning, which includes multi-modal transportation systems, industrial clusters, and agro-processing zones.
Okoye noted that successful models, such as Lagos State’s partnership with the NRC, could serve as a blueprint for similar initiatives in the Southeast.
Reflecting on the commission’s first 50 days, Okoye outlined key achievements, including engagements with the Senate, House of Representatives, state governors, organised private sector groups, and the diaspora community.
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