DeWiz Engineering Services Ltd, a member of the CET Group, has acquired equity in Traxport Rail Services Ltd, in a move that signals growing private-sector confidence in climate-conscious freight rail systems across Nigeria.
The investment, which both companies described as the start of a “strategic, long-term partnership,” is aimed at supporting Traxport’s ongoing project to run a liquefied natural gas (LNG)-powered freight rail network from Lagos to Kano.
The route which is one of Nigeria’s most economically vital corridors is currently dominated by diesel-powered trucks, which contribute significantly to emissions and road congestion.
DeWiz’s backing, according to a joint statement signed by the chairmen of both companies, brings not just capital but also engineering expertise and infrastructure experience from across the continent.
The CET Group, DeWiz’s parent company, is active in power, energy, and construction, and is currently developing an LNG plant in Okpella, Rivers State.
“This partnership is about more than just capital,” the chairmen said. “It reflects aligned values, mutual confidence, and a joint determination to redefine what is possible in Nigeria’s freight rail sector.”
If successful, the Traxport project could offer a more secure, scalable, and lower-carbon alternative for bulk freight movement in Nigeria, where logistics bottlenecks and fuel costs continue to hinder trade.
The collaboration also speaks to wider efforts to align infrastructure development with sustainability targets, particularly as Nigeria pushes for cleaner energy adoption in transportation and industry.
“We are investing in the backbone of regional trade,” the partners said, “and enabling an energy transition that aligns with national and continental sustainability goals.”
