Traxport, Vecturis seal investment deal to modernise Nigeria’s freight rail

Abiola Olawale
Writer

Ad

OPEC Rejects Media Reports of Major Output Hike Ahead of G8 Meet

OPEC has slammed the brake on speculation, flatly rejecting media reports that the G8 is preparing to hike crude oil production by half a million barrels per day. In a statement from Vienna on Tuesday, the OPEC Secretariat called the claims “wholly inaccurate and misleading,” stressing that discussions among ministers for the upcoming meeting haven’t…

Ranked: Countries Losing the Most (and Least) from Trump’s Tariffs

Trump’s tariffs are hitting all of America’s major trading partners. But in U.S. trade, what matters isn’t just the tariffs a country faces—it’s how they stack up against competitors. This visualization, made with the Hinrich Foundation, shows which countries are losing the most, and the least, from Trump’s tariffs. The data seen here is sourced from…

Emergency in Rivers: Romancing impunity?, By Ebun Olu-Adegboruwa 

By Ebun-Olu Adegboruwa, SAN “I urge every Nigerian home and abroad to try and live within the confines of the law of the land and the Constitution of the Federal Republic of Nigeria. If we are able to do just that, we will be sure of ensuring that peace and unity reign in the country.…

Ad

By Obinna Uballa

Traxport Rail Services Ltd has signed a Technical Support and Investment Agreement (TSIA) with Belgian rail operations firm Vecturis, in a move aimed at transforming freight rail services in Nigeria.

The deal, announced in Lagos, will see Vecturis provide technical and managerial expertise as Traxport expands operations along the Lagos-Kano corridor and other routes. It follows an earlier investment in Traxport by CET Group.

Traxport chairman, Emeka Ndu, described the agreement as a turning point for the company, noting that Vecturis’ experience in similar markets would help Nigeria overcome operational bottlenecks.

“Together, we are not just moving goods—we are helping reshape Nigeria’s transport future in a cleaner, safer, and more efficient way, with LNG-powered locomotives that will also be moving LNG and CNG products across the country,” he said.

Vecturis CEO, Eric Peiffer, said Nigeria offered one of the most promising freight rail markets in Africa. “By combining our technical expertise with Traxport’s vision and local drive, we believe we can deliver a step-change in performance, reliability, and sustainability,” he stated.

The partnership is aimed at reducing road congestion, cutting carbon emissions and strengthening Nigeria’s logistics backbone.

Vecturis, with over 30 years of experience operating and rehabilitating rail networks across Africa, Asia and the Middle East, has previously executed projects in Congo, Mozambique, Cameroon and Madagascar.

The company was also part of the GE-led consortium once designated to operate Nigeria’s narrow-gauge railway network, giving it first-hand insight into the country’s rail sector.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp