The Federal Authorities, within the N49.74 trillion proposed 2025 funds, has allotted N41.49 billion particularly for rail infrastructure and modernization tasks.
For the 2025 fiscal yr, the Ministry of Transport will obtain a complete allocation of N256.73 billion to help its initiatives. Of this quantity, N223.80 billion is earmarked for capital expenditure, with N30,986,636,237 designated for personnel prices and N1,940,798,202 for overheads.
This info was obtained from the 2025 copy of the Federal Authorities’s Remaining Price range Proposal, which outlines plans for in depth infrastructure growth.
Key rail-related tasks beneath this allocation embrace the completion of the Abuja-Kaduna railway challenge, the Lagos-Ibadan rail line, and related extra works, with particular funding indicated for every.
The funds additionally gives for the rehabilitation of the Itakpe-Ajaokuta rail line, the development of 12 station buildings, and track-laying works at railway ancillary amenities in Agbor.
Moreover, funds have been earmarked for the design, manufacture, provide, and set up of rolling inventory, spare components, and upkeep tools for ongoing railway modernization tasks.
One other major factor is the set up of a sign and telecommunication system on the Itakpe-Ajaokuta-Warri railway line, alongside the set up of an acoustic sensing safety surveillance system for the Abuja (Idu)-Kaduna route and different safety devices, with particular person allocations for every.
With this allocation, the FG goals to handle gaps within the nation’s rail infrastructure, increase {economic} actions, and enhance the effectivity of transportation programs nationwide.
The Federal Authorities’s rail tasks have proven robust development in passenger numbers and income technology.
The most recent Nationwide Bureau of Statistics (NBS) report signifies a 25.05% enhance in passenger numbers year-on-year for Q3 2024, with 743,205 passengers in comparison with 594,348 in Q3 2023. This development was mirrored in income, which reached N1.70 billion in Q3 2024, up 13.83% from N1.49 billion in the identical interval final yr.
Nonetheless, pipeline transport noticed a decline, with volumes falling by 43.5% to 7,320 tons, and income from pipeline operations dropping to N51.85 million.
