Nigeria is losing about N500 billion in revenue, annually,
to dysfunctional freight rail services that would have assisted in the
haulage of goods from Tin Can Island Port and the Lagos Ports Complex
(LPC), two of the nation’s busiest sea ports, to various parts of the
country, according to analysts.
They reasoned that if freight rail services were
functional, the gridlock in Apapa and environs, for instance, would have
been drastically reduced or eliminated, freeing up the roads for other
users.
Other major ports in the country not also linked by rail,
depriving the economy of the much needed revenue, include those located
in Calabar, Delta, Port Harcourt and Onne.
