The acting Director-General, Infrastructure Concession Regulatory Commission, (ICRC), Mike Ohiani, has stated that the Federal Government is expected to generate over N12.4 billion within the next four years courtesy of the introduction of e-ticketing solution on the Lagos-Ibadan standard train service.
Ohiani, who disclosed this at the official Outline Business Case (OBC) presentation on the Lagos-Ibadan Standard Train Service and the Warri-Itakpe Standard Train Service to Nigerian Railway Corporation (NRC) in Lagos, said the overall scope of the project is for the designing, financing, building, operation, managing the secured e-ticketing solution hardware and software for passenger station on Lagos-Ibadan standard train service and the Warri-Itakpe.
He also added that over N9.6 billion will be generated from the Warri-Itakpe standard train service within the period under review.
He said the e-ticket solution will make traveling experience for passengers very easy, adding that in the comfort of passengers’ homes they can purchase their tickets, while also pointing out that it would also provide security services and promote efficiency in rail transportation.
Earlier, the Managing Director, Nigerian Railway Corporation (NRC), Mr. Fidet Okhiria, said since the introduction of e-ticketing, revenue generation has gone up drastically either by encouraging users to use the train as leakages have been blocked while the fear of ticket racketeering has also reduced by the e-ticketing and its technology.
“It cannot be perfect in one day as we are reviewing it on a daily, weekly and monthly basis to try to improve on what we are doing”, he added.
