Nigeria Railway Corporation serving the commuters
Nigeria Railway Corporation serving the commuters

Two main Labour unions in the railway mode of transportation have added their voices in the planned concession of railway tracks to General Electric.

At a press conference organized by Nigeria Union of Railway Workers (NUR) and the Senior Staff Association (SSA) Nigerian Railway Branch, the unions advised government to be cautious.

The unions noted the “the hurried and secret nature of the whole process has raised palpable fears among workers of the Nigeria Railways Corporation that yet another round of state orchestrated asset stripping that has characterized the sale of hundreds of State Owned Enterprises is underway yet again.

“As most observers of the Nigerian privatization process have noted, most privatized corporations in Nigeria remain comatose years after their privatization while workers in those companies were left with the short end of the stick.

“It is also worthy of note that the said Bureau of Public Enterprises (BPE) had already engaged the Global Infrastructure Facility (GIF) and World Bank in discussions on accessing funding for Transaction Advisers (TA) while a task force headed by the Hon.

Minister of Finance had been constituted as far back as April 2016, to drive the concession process. Meanwhile, in a bidding process that remains generally unknown to the public, General Electric had been picked as the concessionaire by the Federal Government”.

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