SWDC Secures Rail License for Economic Growth in Southwest

The South West Development Commission (SWDC) announced that it has secured a rail operating license from the Nigerian Railway Corporation (NRC). This license will enable SWDC to provide passenger and freight rail services across existing rail corridors in the South West region.

Dr. Charl Diji Akinola, the Managing Director and CEO of SWDC, stated that this development marks a significant step towards strengthening regional connectivity and driving economic transformation. The commission plans to utilize existing rail infrastructure to facilitate movement between various destinations in the region without constructing new rail lines.

The initiative aims to improve logistics competitiveness, unlock agro-industrial growth, and enhance economic development across Lagos, Ogun, Oyo, Osun, Ondo, and Ekiti states. Akinola emphasized that the rail platform will integrate freight systems with agro-logistics and industrial parks, addressing logistical bottlenecks and reducing costs.

The SWDC's broader vision includes transforming rural communities into economic hubs and fostering collaboration with state governments and private investors.