Privatization of Nigerian Railway Corporation: a Way to Rescue It from Deterioration

Student: John Adebisi Adegbenjo (Project, 2025)
Department of Transport Management
Ladoke Akintola University of Technology, Ogbomoso, Oyo State

Abstract

This study provides a theoretical review of the privatization of the Nigerian Railway Corporation (NRC) as a potential strategy for addressing its persistent inefficiency and deterioration. It explores the evolution of the NRC, the rationale behind privatization, and its possible effects on operational performance, maintenance, and customer satisfaction. The paper draws from public choice theory, property rights theory, and institutional reform perspectives to highlight how private sector participation can enhance accountability, productivity, and sustainability in Nigeria’s rail transport sector. The review concludes that, when properly implemented, privatization could serve as a viable policy option for revitalizing the NRC and repositioning it as a key driver of national economic development.

Keywords
Privatization Nigerian Railway Corporation public sector reform infrastructure management transport policy efficiency Nigeria rail transport
Filters
Institutions