Nigeria, Russia Sign Memorandum Of Understanding For Modern Railway

Nigeria, Wednesday in Sochi, Russia, signed a memorandum of understanding (MoU) with Russia for the modernisation, development of railway infrastructure, rehabilitation of the existing Nigerian Railway Corporation (NRC) rolling stock-fleet and upgrading of workshops across the country. The MoU involves two Russian firms: Russian Joint Stock Company Russian Railway (JSCRR) and Transmash Holding, a private rolling stock manufacturing company. Signing the agreement on behalf of the Nigerian government, Minister of Transportation, Mr. Chibuike Amaechi, stated that the move was to boost and fastrack the construction of the rail manufacturing company at Kajola, Ogun state. Amaechi, signed the agreement with CEO/Chairman, Joint Stock Company Russian Railway, Oleg Belozerov, during the Russia-Africa Summit in Sochi, Russia.