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In the rail transportation sector, rolling stock refers to both powered and non-powered railway vehicles, such as locomotives, freight and passenger cars (or coaches), and non-revenue carriages.
Passenger vehicles can be powered or unpowered, single or numerous units, and self-propelled. A train is a group of connected railcars (this term applied to a locomotive is a common misnomer).
The term uses the word stock to refer to an inventory. Rolling stock is regarded as a liquid asset, or one that is near to being liquid, because the worth of the equipment may be easily evaluated and transferred to the buyer without incurring significant costs or delays.
In contrast, fixed stock refers to the track, signals, stations, additional buildings, electrical wires, etc. that are required to operate a railway.
The Nigeria Rolling Stock market accounted for $XX Billion in 2024 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Nigeria opens a rolling stock manufacturing facility. the development of a plant to assemble rolling stock at Kajola, Ogun state, in western Nigeria.
When construction is finished, the plant will be able to produce 500 waggons annually, including open, container, flat, and tank cars that will be used on the standard-gauge railroad system.
China Civil Engineering Construction Corporation (CCECC), in accordance with the Nigerian government’s consent, invested privately in the project.
It plays a key role in producing the maintenance tools and spare components for rolling stock required for the railway modernization programme.
The manufacturing of the plant’s raw materials and auxiliary components will be accompanied by the completion of procedures including welding, assembly, painting, drying, and testing.
5,000 direct and indirect employment would be created by the new plant, The new plant will make waggons for the core rail lines as well as the Lagos-Ibadan and Abuja-Kaduna train routes.
Additionally, it will provide other railroad operators in the West African subregion with the necessary rolling stock.
