High diesel cost almost making train operation impossible — NRC

The Nigerian Railway Corporation (NRC) is grappling with a precarious financial situation, with the escalating cost of diesel significantly hindering its ability to operate trains. Dr. Kayode Opeifa, the Managing Director, informed NRC workers that the corporation is running at a loss and has resorted to borrowing to sustain operations.

Despite these financial challenges, Opeifa assured workers that the NRC remains committed to prioritizing their welfare and ensuring a safer, friendlier work environment. He acknowledged the workers' efforts in sustaining the corporation's operations and pledged to improve their welfare as soon as the financial situation stabilizes. The NRC management intends to collaborate with workers' unions to resolve any issues, aiming to prevent strikes.

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The fact is that the cost of diesel alone has almost made it impossible to operate our trains. We are running at a loss, and we had to resort to borrowings to keep our operations.

Looking ahead, the NRC has plans for expansion, including the deployment of a high-speed train service from Lagos to Abuja. This initiative will require additional space for construction and modern quarters for essential workers. Furthermore, there are plans to build a new headquarters in Lagos.

During a town hall meeting, union leaders from the Nigerian Union of Railway Workers and the Senior Staff Workers Union lauded the NRC managing director for his reform efforts. They urged the management to expedite the payment of a 95% enhancement benefit to railway workers. The event also recognized 13 workers for their exceptional contributions in 2025 with a certificate of excellence and an award.

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Let me assure you that the corporation will continue to prioritise your welfare, but you must appreciate our precarious financial position.