Abuja-Kaduna rail: I want us to break even - Minister says
The Abuja-Kaduna rail service, which commenced commercial activities on July 26, 2016, is part of the Federal Government’s transportation transformation programme.
Recommended articles
![Here’s why increase in electricity tariff won’t affect you [Channels TV]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'100'%20height%3D'100'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Here’s why increase in electricity tariff won’t affect you [Channels TV]")
Amaechi made the statement in an interview in Abuja on Tuesday on the second anniversary of the service.
The minister said that the ministry was putting in N56 million monthly and getting N16 million from the service before the fare was increased.
“We have done two years, the first step I took was to reduce the fare, which I did deliberately and people started asking us to increase it and we increased it to what people can afford.
ADVERTISEMENT
“People are standing on the train because it’s a cheap and safe means of transport.
“`When we started, we were putting in N56 million per month and making just N16 million by subsidising it.
“What I want is just for us to break even not making profit.
“People like the train because we’ve been prompt, clean and we kept the fare low; so we have shown that there is nothing wrong with the blackman.
“There is nothing like international standard, we can beat any standard if we focus on it.
ADVERTISEMENT
“The train is not being managed by whitemen or CCECC, it is being managed by NRC,” he said.
Meanwhile, Mr Fidet Okhiria, the Managing Director of NRC, said that he measured profit by service delivery and not income.
He said that the focus was on service delivery where passengers could get a train every 30 minutes.
“I don’t measure my profit in naira and kobo but by service delivery.
“We have increased from four coaches to 14 coaches, which is a great impact, we are almost clocking one million passengers daily.
ADVERTISEMENT
“We have ordered more coaches and locomotives that will arrive next year, our target is to run every 30 minute on passenger train.”
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
No need to run when EFCC invites you, Cubana Chief Priest advises Nigerians
Immigration places wanted Yahaya Bello on watchlist, unveils his passport details
Oyo govt justifies demolition of Yoruba Nation agitators’ building
NAFDAC raids popular supermarket in Abuja for selling counterfeit products
Iranian morality police crack down on women who don't wear headscarves
FG sets up committee to compensate landowners affected by Lagos-Calabar road project
Kano Gov remains a bona fide member of our party - NNPP debunks suspension
We need ₦3.2trn to pay electricity subsidy in 2024 - FG
Tinubu's proactive approach to security threats yielding results, Ribadu claims
Pulse Sports
Lionel Messi's son breaks the internet after scoring five goals for Inter Miami
Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe
Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024
ADVERTISEMENT
![Nigerians in diaspora are urged to be patriotic toward the nation [Jenny M.C.]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Nigerians in diaspora are urged to be patriotic toward the nation [Jenny M.C.]")