In a groundbreaking move set to reshape Nigeria’s freight transportation landscape, DeWiz Engineering Services Ltd, a member of the CET Group, has acquired equity in Traxport Rail Services Ltd, marking the beginning of a strategic and climate-conscious alliance in West African infrastructure development.
The equity acquisition, jointly announced by Emeka Ndu, Chairman of Traxport Rail Services Ltd, and Chief Obiora Nwizu, Chairman of CET Group, signals a long-term partnership aimed at revolutionising how bulk freight is moved across Nigeria.
At the heart of the partnership is Traxport’s pioneering initiative to develop a liquefied natural gas (LNG)-powered rail freight corridor between Lagos and Kano, offering a cleaner, safer, and more cost-effective alternative to diesel-powered road transport.
“This isn’t just an investment—it’s a vote of confidence in the future of sustainable logistics in West Africa,” said Emeka Ndu. “With CET Group’s backing, we are accelerating the shift toward a modern, efficient, and environmentally responsible rail system.”
The CET Group, through its subsidiary DeWiz Engineering, brings significant technical expertise and infrastructure financing experience to the table.
Known for its wide-ranging portfolio in power generation, engineering, and its ongoing LNG plant development in Okpella, Rivers State, CET is poised to provide Traxport with the capacity to meet its ambitious operational goals.
According to Chief Obiora Nwizu, “This collaboration goes beyond capital infusion. It reflects our shared values and unwavering commitment to innovation, sustainability, and building resilient trade infrastructure across Africa.”
The LNG-powered freight rail project is positioned as a cornerstone of Nigeria’s energy transition and regional trade revitalisation. By reducing reliance on diesel and decongesting overburdened road networks, the project is expected to improve logistics efficiency, cut emissions, and boost long-term economic competitiveness.
Both parties emphasised that the partnership is aligned with Nigeria’s climate goals and the African Continental Free Trade Area (AfCFTA) agenda, promising to contribute to a more integrated and greener economic future.
As West Africa continues to grapple with the twin challenges of infrastructure gaps and environmental degradation, the CET-Traxport alliance offers a model for forward-looking investment with tangible regional impact.