Maritime Nigeria

Main Menu

  • Home
  • News
  • Interviews
  • Maritime Info
  • Photo Gallery
  • Fact
  • Profiles

logo

Header Banner

Maritime Nigeria

  • Home
  • News
    • Shake Up In NIMASA: Directors, others Moved

      Oct 21, 2025
      0
    • IMO Secretary General, Ministry Officials, Stakeholders Commend MAN, Oron

      Oct 17, 2025
      0
    • Maritime Academy: Embracing Change, Striving For Global Excellence

      Oct 15, 2025
      0
    • RENEWABLE ENERGY: Nigeria Exports Solar Panels Abroad

      Oct 11, 2025
      0
    • Tinubu Pardons Macauley, Vatsa, Ogoni 9, Farouk Lawan, Others

      Oct 10, 2025
      0
    • "Abuja Critical To Growing Non-Oil Revenue"-Dantsoho

      Oct 10, 2025
      0
    • Lagos Govt Revolutionalizes Water Transportation With Omi Eko Launch

      Oct 9, 2025
      0
    • Customer Service Week: NIMASA Commits To Excellence in Service

      Oct 8, 2025
      0
    • IMO Secretary General Visits Nigeria, Dazed By Facilities

      Oct 2, 2025
      0
  • Interviews
    • Nigeria Takes Leadership Of MOWCA

      Nov 18, 2021
      0
    • APM Participates in UK Trade Expo

      Oct 31, 2021
      0
    • Reps Seek Admission at MAN

      Dec 7, 2020
      0
    • NIMASA URGE SHIP OWNERS TO RENEW CABOTAGE LICENSES

      Oct 5, 2020
      0
    • FG Sacks Aboloma As NAIC Gets New EDs

      Aug 28, 2020
      0
    • Britain Celebrate Nigerian In Covid Efforts

      Jul 26, 2020
      0
    • Zuckerberg Backs Trump Against Twitter

      May 28, 2020
      0
    • NAFDAC DG Sheds Light On Chloroquine, Herbals, Masks and Covid19

      May 12, 2020
      0
    • Reps Threaten MDAs

      Feb 24, 2020
      0
  • Maritime Info
    • 2023 POP: Minister Task Cadets On Blue Economy

      Dec 15, 2023
      0
    • Rector, Trainees Excited, Laud FG On Modern Academy

      Jan 26, 2023
      0
    • Buhari Redeploys Minister As NPA, NIMASA, MAN, Others Get New Boards

      Apr 7, 2022
      0
    • World Bank Endorse Nigerian Ports, Partners Navy On Capacity Building

      Mar 19, 2022
      0
    • NIMASA Commend Nigerian Navy, Reassures On Floating Dock

      Feb 9, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • shipping

      Singapore Strait Dangerous To Shipping-ReCAAP

      Jan 24, 2022
      0
    • Lekki Deep Sea Port Will Increase Port Efficiency-Amaechi

      Jan 24, 2022
      0
    • Fair Competition: NSC Partners FCCPC For Effectiveness

      Jan 21, 2022
      0
  • Photo Gallery
    • SERAP Calls for Probe of Entire Privatization Processes 1999-2011

      Dec 4, 2017
      0
    • IMO Election: South Africa, Kenya, Liberia, Morroco and Egypt Make Category C

      Dec 2, 2017
      0
    • Maersk Ship on Fire as Coy Launches Six Container Lifting Tech

      Nov 2, 2016
      0
    • Captured Seafarers Languish In Captivity without Ransom

      Nov 1, 2016
      0
    • Niger Delta: Militants Ask FG to Include Former Agitators in Negotiations

      Nov 1, 2016
      0
    • Self-Audit: NIMASA Set to Review 3% Freight Charge

      Nov 1, 2016
      0
    • Recession: Japanese Shipping Companies to Merge

      Oct 31, 2016
      0
    • NSC Partners ICS on Capacity Building

      Oct 31, 2016
      0
    • AGAIN, APAPA CUSTOMS SURPASS MONTHLY TARGET WITH N33B COLLECTION

      Oct 5, 2016
      0
  • Fact
    • Maritime Police Boss Celebrate Workers

      May 1, 2025
      0
    • “VIN Is A Trade Tool, Not Punitive”-Customs

      Mar 2, 2022
      0
    • Blackmailers, False Publishers and Their Agents: Court Clears Rector

      Feb 18, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • "APM Terminals Is Beyond Moving Boxes Around"-Laursen

      Jan 24, 2022
      0
    • MWUN: Welfare, Safety Our Priority-Adeyanju

      Dec 27, 2021
      0
    • Reversing the Trend: Koko Breaks Record at NPA

      Dec 24, 2021
      0
    • Minister Demands More From MAN At Passing Out Parade

      Dec 20, 2021
      0
    • MARITIME NIGERIA TASK NIMASA ON MARITIME DEVELOPMENT

      Dec 15, 2021
      0
  • Profiles
    • CMA CGM Brings AI Onboard

      Jun 5, 2018
      0
    • Customs Notify 577 Officers of Retirement by Eguono Odjegba

      Jan 12, 2018
      0
    • Over 100 Persons Feared Dead in Mediterranean Ship Wreck

      Nov 3, 2016
      0
    • Ballast Water: Panama Signs Up

      Oct 24, 2016
      0
    • Ist Half Report: Customs generate N385.7bn revenue

      Aug 15, 2016
      0
    • Minister/MD Speeches at the Launch of NPA's CCCIS

      Jul 23, 2016
      0
    • Face off Imminent as Dakuku Warn IOCs to Sit Up or Stay ...

      Jul 22, 2016
      0
    • Hadiza, Welcome to NPA

      Jul 16, 2016
      0
    • Habib Abdullahi Sacked Again from NPA

      Jul 12, 2016
      0
  • Shake Up In NIMASA: Directors, others Moved

  • IMO Secretary General, Ministry Officials, Stakeholders Commend MAN, Oron

  • Maritime Academy: Embracing Change, Striving For Global Excellence

  • RENEWABLE ENERGY: Nigeria Exports Solar Panels Abroad

  • Tinubu Pardons Macauley, Vatsa, Ogoni 9, Farouk Lawan, Others

FeaturedNews
Home›Featured›“Time To Unbundle NRC”-Sambo

“Time To Unbundle NRC”-Sambo

By Editor
Feb 16, 2023
793
0
Share:

Allays Workforce fears On Job Lose

The Minister flanked by his working, NRC unbundling Team.

The Minister of Transportation, Mu’azu Jaji Sambo has called for the unbundling of the Nigerian Railway Corporation (NRC) in line with the vision and objectives of Government’s current reforms in the transportation sector.

The Minister said the NRC as presently constituted cannot operate optimally, thus necessary reforms and unbundling have become imperative.

The Minister who was addressing the management team of the Ministry of Finance Incorporated (MOFI), led on a visit to him by the CEO, Dr. Armstrong katang, charged MOFI to drive the unbundling of the NRC to make it more economically viable while offering world class services to Nigerians.

“One of the things I will like to see as the Minister of Transportation, through MOFI is the unbundling of the Nigerian Railway Corporation (NRC). There is a Committee set up to unbundle NRC and I will urge you to work with the existing Committee” , he said.

The Ministry of Finance Incorporated (MOFI) was incorporated under the provisions of Sections 2 and 3 of the Ministry of Finance Incorporated (MOFI) Act of 1959 as an asset holding company under the Federal Ministry of Finance. MOFI is the sole manager of all Federal Government investment interests, estates, easement and rights.

The Minister made reference to the reforms implemented in the ports and the benefits these have brought, noting that such should be carried out in railway sector.

In his words, ” The Nigerian Railway Corporation (NRC), the way it is currently, is the way the ports were prior to concession, prior to the reforms of 2005. Today, even the Nigeria Ports authority (NPA) workers are happier about how NPA is today compared to how it was prior to the reforms. This means the reformed NPA is generating more revenues to support its operations and also support its workforce and its pensioners”.

The Minister who assuaged the fear of job loss as a result of the unbundling said, ” I don’t want the NRC staff to see the unbundling of the NRC as a threat to their jobs. If we have a better performing NRC, then we are going to have better salaries for its workers, better working conditions for its workers, more revenue for the FG and therefore the ability to even build more rail networks’.

Sambo pointed out that the issue of encroachment on railway property will soon be a thing of the past as “MOFI was berthed for a specific reason and that reason is for the Federal Government to take control of its assets and create optimum value for these assets”.

In his contribution, the Minister of State for Transportation, Prince Ademola Adegoroye, extolled the capabilities of the Managing Director, MOFI, Dr. Armstrong, saying he has full confidence that the MOFI team will deliver on the job.

Also speaking, the Permanent Secretary, Dr. Magdalene Ajani, noted that the MOFI team being made up of young and intelligent people has satisfied the yearning of Nigerians to have young people in positions of responsibility. She assured the MOFI team of the cooperation of the Ministry in their assignment.

Speaking earlier, the Chief Executive Officer, MOFI, Dr. Armstrong Katang, stated that the visit was to discuss how to create a more effective and efficient partnership between MOFI and the Ministry of Transportation.

Katang said the areas that have been identified for collaboration with the Ministry of Transportation included enumerating and valuing the Nigerian Railway Corporation to ensure that its value is captured in line with the current realities.

According to him, other areas included enumerating and capturing other critical assets within the Ministry especially its infrastructure assets and establishing a task force with representation from the Ministry of Transportation and Ministry of Finance, with clear terms of reverence to help with the identified assignments.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)

Related

Previous Article

Nigerian Navy Captures Roguish Vessel

Next Article

Nigeria To Host Sahel Climate Fund Secretariat

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • News

    Revenue Generation: Lagos Leads

    Aug 1, 2017
    By Editor
  • FeaturedMaritime InfoNews

    Maritime Gives Hope For Economic Growth-Gbajabiamila

    Jul 26, 2019
    By Editor
  • FeaturedNews

    Maritime Security: Jamoh Takes Campaign to Amnesty Office

    Jan 25, 2021
    By Editor
  • News

    Nigeria Unrelenting In Piracy Suppression and Maritime Crimes

    Jun 17, 2022
    By Editor
  • Featured

    Dakuku Task Maritime Lawyers to Remain Vigilant

    Nov 13, 2017
    By Editor
  • FactMaritime InfoNews

    PIRACY: Somali Pirates Resume Attacks?

    Nov 5, 2016
    By Editor

Leave a Reply Cancel reply

  • ANLCA
    News

    ANLCA Crisis: NECOM Regains Dikko House

  • FactNews

    UN Appointment: GEJ Has Not Been Contacted-Aide

  • News

    NIMASA Convenes Global Maritime Summit

Looking For Something?

Read From

  • Agriculture
  • Customs Operations
  • Fact
  • Featured
  • Interviews
  • Maritime Info
  • News
  • One Question
  • Photo Gallery
  • Profiles
  • sports

Just In

News

Shake Up In NIMASA: Directors, others Moved

  The Nigerian Maritime Administration and Safety Agency, NIMASA has announced a major redeployment of its management team as 56 senior staff staff and others are affected nationwide. Mobereola, said ...
  • IMO Secretary General, Ministry Officials, Stakeholders Commend MAN, Oron

    By Editor
    Oct 17, 2025
  • Maritime Academy: Embracing Change, Striving For Global Excellence

    By Editor
    Oct 15, 2025
  • RENEWABLE ENERGY: Nigeria Exports Solar Panels Abroad

    By Editor
    Oct 11, 2025
  • NSW PROJECT: Customs Calls For Collaboration

    By Editor
    Oct 10, 2025
  • Home
  • About Us
  • Contact Us
© 2013 Maritime Nigeria | All Rights Reserved