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
- Al-Hikmah University, Ilorin, Kwara State 2
- AL-ISTIQAMAH UNIVERSITY, SUMAILA, KANO STATE 1
- Al-Qalam University, Katsina, Katsina State 5
- Alex Ekwueme Federal University, Ndufu-Alike, Ebonyi State 87
- Alvan Ikoku College of Education, Imo State, (Affl To Univ of Nigera, Nsukka) 11
- Ambrose Alli University, Ekpoma, Edo State 478
- Anambra State College of Health Technology, Obosi, Anambra State 1
- Auchi Polytechnic, Auchi, Edo State 501
- Auchi Polytechnic, Auchi, Edo State. (affl To Nnamdi Azikiwe University, Awka) 3
- Audu Bako College of Agriculture Danbatta, Kano, Kano State 54