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
For the full publication, please contact the author directly at: adegbenjojohnadebisi@gmail.com
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Institutions
- UMA UKPAI SCHOOL OF THEOLOGY, UYO, AKWA IBOM STATE (AFFL TO UNIVERSITY OF UYO) 1
- Umaru Ali Shinkafi Polytechnic, Sokoto, Sokoto State 24
- Umaru Musa Yaradua University, Katsina, Katsina State 28
- Umca, Ilorin (Affiliated To University of Ibadan), Kwara State 1
- University of Abuja, Abuja, Fct 116
- University of Africa, Toru-Orua, Bayelsa State 4
- University of Benin, Benin City, Edo State 362
- University of Calabar Teaching Hospital School of Health Information Mgt. 1
- University of Calabar, Calabar, Cross River State 240
- University of Ibadan, Ibadan, Oyo State 14