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NRC reduces number of trips on Lagos-Ibadan route over diesel price hike

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Following the incessant increase in the price of diesel and to cushion its effect, the Nigerian Railway Corporation (NRC) has reduced the number of trips on the Lagos-Ibadan train service route.

This was made known by the NRC Managing Director, Fidet Okhiria, during an interview with Punch Newspaper on Tuesday.

According to him, the corporation brought down the number of return trips on the route from six to two daily.

“The Lagos-Ibadan train service is running, but we have reduced the number of trips on that route because of the diesel problem. We reduced the number of trips we are running because of the hike in diesel price,” Okhiria said.

“We are now doing two return trips as against six, which by now should have gone to 10. So we run just two trips now due to the diesel problem,” he added.

He said this was the only way out, noting that it was beyond the NRC’s authority to raise train fares despite rising operating costs.

He, however, added that the corporation had sent recommendations to the federal ministry of transportation for a train fare adjustment.

“We just can’t increase it by ourselves. The government has to do that. We have made some recommendations. But even with the recommendations we made, the new price of diesel has overshot our workings as contained in the recommendations.

“However, we don’t want to price ourselves out of the market too, because the price of petrol is not increasing as such, rather the increase is little when compared to diesel price. And you know we are competing with transporters on roads,” Mr Okhiria noted