He questioned the financial sustainability of current passenger fares. He pointed out that without a comprehensive business plan, the rail line risks financial instability and potential collapse within the next few years.

“The amount they collect for passengers from here to Ibadan is too low when you consider maintenance and operational costs. The amount they collect for passengers from here to Ibadan is too small when you think about the cost of maintenance and cost of operation.

“If we don’t do a good business plan, we can never make any profit. If that is what they are making now, I can tell you that in the next four to five years, that Rail line will collapse. Can what they are getting now pay for the salaries of the staff? If they give it to an individual to run, I can tell you they will get profit.

He expressed dismay at the limited knowledge among Nigerians about existing railway services.

“How many people know about the train? Somebody was telling me recently he didn’t know that there was train from lagos to Abeokuta. so even be the railway themselves how have they put it out for people to know that there is something like this,” he noted.

Moreover, Ojikutu advocated for competitive pricing strategies to attract more passengers.

“If vehicles charge between N4,000 to N5,000 for trips to Ibadan, the faster and more efficient train services should be priced accordingly. They should not be making less than N80 to N100 bn annually”, he suggested.