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Finance ministry tasked on Nigeria Railway unbundling

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The Federal government has tasked the Ministry of Finance Incorporation ((MOFI) to expedite action on the unbundling of the Nigeria Railway Cooperation. MOFI was incorporated under the provisions of Sections 2 and 3 of the Ministry of Finance Incorporated (MOFI) Act of 1959 as an asset holding company under the Federal Ministry of Finance.

The Federal government has tasked the Ministry of Finance Incorporation to expedite action on the unbundling of the Nigeria Railway Cooperation.The Federal government has tasked the Ministry of Finance Incorporation to expedite action on the unbundling of the Nigeria Railway Cooperation.

Arguing that the current NRC cannot operate optimally, he charged MOFI to drive its unbundling to make it more viable while offering world-class services to Nigerians. The minister referred to the reforms implemented in the ports and the benefits they have created, stressing that such should be carried out in the railway sector.

 

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