A private firm, SecureID, has the concession to manage the Abuja-Kaduna train service e-ticketing platform for 10 years and recoup up to N900 million before handing over to the Nigeria Railway Corporation (NRC).
The Minister of Transportation, Rotimi Amaechi disclosed this on Wednesday during the official launch of the e-ticketing platform held virtually.
The minister said the on-line ticketing, which marks the beginning of automation of ticket sales in all major stations in Abuja- Kaduna train service, is in line with global world best practices and will enhance efficiency, save time, promote accountability, reduce ticket racketeering, reduce leakage and promote economic growth.
The Minister further stated that it is a Public-Private-Partnership (PPP) valued at N900 million, of which the concessionaire (SecureID) will provide, then run the facility for 10 year to recoup its investment before reverting ownership to the NRC.
Speaking earlier, the Chairman of the Governing Board, NRC, Ibrahim Alhassan Musa , said that the e- ticketing solution finally brings to an end the persistent allegation of ticket racketeering at the train station.
According to the Chief Executive Officer, Secure ID Solutions, Kofo Akinkugbe, the launch heralds the nation’s entry into the new age of multi- model ticketing in public transportation while allowing for passengers convenience, efficiency and accountability for operators and provide data for government for better decision making.