Traxport Rail Services and Vecturis sign Technical Support and Investment Agreement to transform freight rail in Nigeria

Deal Analysis

Traxport Rail Services Ltd, a Nigerian rail freight company, has entered into a Technical Support and Investment Agreement (TSIA) with Vecturis, a Belgian rail operations and management company, to enhance freight rail operations in Nigeria. The agreement focuses on scaling operations along the crucial Lagos–Kano corridor and potentially expanding beyond. This investment aims to modernize and improve the efficiency of rail freight transport in the region, leveraging Vecturis' expertise in rail operations and management. The deal also involves CET Group as an investor, further bolstering the financial and operational capacity of the project. While the financial details of the TSIA remain undisclosed, the partnership between a local Nigerian rail freight company and an experienced international rail operator like Vecturis signals a commitment to developing Nigeria's rail infrastructure. This collaboration could lead to increased freight capacity, reduced transportation costs, and improved connectivity within Nigeria. The success of this project could serve as a model for future rail infrastructure development initiatives in the region, attracting further investment and fostering economic growth.

Partnership between a local Nigerian company (Traxport) and an international rail operator (Vecturis).
Focus on the Lagos-Kano corridor, a vital trade route.
Involvement of CET Group as an investor.
Aims to improve efficiency and capacity of rail freight in Nigeria.

Market Context: Nigeria's transport sector is crucial for economic development, and rail infrastructure plays a key role in freight movement. Investment in rail is essential for reducing reliance on road transport, alleviating congestion, and promoting sustainable economic growth. This deal reflects a growing interest in developing and modernizing rail infrastructure in Nigeria.

Source Intelligence

KEY DETAILS

The deal is a Technical Support and Investment Agreement (TSIA). "This partnership marks a turning point for Traxport Rail Services. Vecturis’ wealth of experience in similar markets will enable us to leapfrog operational challenges and fast-track the delivery of modern, sustainable freight rail solutions for Nigeria." "Together, we are not just moving goods—we are helping reshape Nigeria’s transport future in a cleaner, safer, and more efficient way, with LNG-powered locomotives that will also be moving LNG and CNG products across the country,” Ndu stated." Vecturis was the designated operator for the proposed concession of Nigeria’s narrow gauge railway network under the General Electric (GE)-led consortium.

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Location

Traxport scales freight rail operations along the Lagos–Kano corridor and beyond.

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Announcement

Thursday, 19th February, 2026

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Signing

Traxport Rail Services Ltd, a Nigerian rail freight company focused on delivering efficient and modern logistics solutions, has announced the signing of a Technical Support and Investment Agreement (TSIA) with Vecturis, a leading Belgian rail operations and management company.

PARTIES MENTIONED IN SOURCE

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Traxport Rail Services Ltd buyer

"Traxport Rail Services Ltd, a Nigerian rail freight company focused on delivering efficient and modern logistics solutions, has announced the signing of a Technical Support and Investment Agreement (TSIA) with Vecturis, a leading Belgian rail operations and management company."

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Vecturis seller

"Traxport Rail Services Ltd, a Nigerian rail freight company focused on delivering efficient and modern logistics solutions, has announced the signing of a Technical Support and Investment Agreement (TSIA) with Vecturis, a leading Belgian rail operations and management company."

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CET Group investor

"The agreement followed the recent investment by CET Group in Traxport Rail Services Ltd and will see Vecturis provide hands-on technical and managerial support as Traxport scales freight rail operations along the Lagos–Kano corridor and beyond."

medium quality Enriched Feb 19, 2026