Overview

The Nigerian Railway Corporation Act, 1955 establishes the Nigerian Railway Corporation as a statutory body responsible for the operation and development of railway services in Nigeria. The Act is divided into several parts covering preliminary definitions, establishment and constitution of the Corporation, its duties and powers, financial provisions, staff regulations, and legal responsibilities. Key provisions include the appointment of a General Manager, powers to fix rates and fares, compulsory acquisition of land, transfer of assets and liabilities from the previous railway administration, borrowing powers, and the creation of a general reserve. The Act also outlines the role of an Inspector of Railways, rules for carriage of goods and passengers, tariffs, and limitations on the Corporation's liability. It mandates the training of Nigerians and restricts the extension of railway lines without approval. The document type is legislation (policy), and the language is English.

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