CET Group acquires equity in Traxport Rail Services
By Jeffrey Agbo
DeWiz Engineering Services Ltd, a member of the CET Group, has acquired equity in Traxport Rail Services Ltd.
Both companies announced this in a statement signed by the chairman of Traxport Rail Services Ltd, Emeka Ndu; and chairman of CET Group, Obiora Nwizu.
“This investment marks the beginning of a strategic, long-term partnership between our two organisations—one rooted in innovation, infrastructure development, and a shared commitment to a cleaner, more efficient freight transportation future for Nigeria and West Africa,” the statement said.
“Traxport Rail Services is pioneering a climate-conscious rail freight system connecting Lagos to Kano, using liquefied natural gas (LNG) as the primary fuel source. This initiative represents a decisive shift away from road-based diesel transport, offering not just environmental benefits but a more secure, scalable, and cost-effective alternative for bulk freight logistics.
“The CET Group, through DeWiz Engineering, brings to this collaboration a legacy of pan-African infrastructure delivery, with active investments in power generation, engineering services, and the development of an LNG plant at Okpella, Rivers State. Their technical depth and project execution track record significantly strengthen Traxport’s capacity to realise its bold operational targets.
“This partnership is about more than just capital. It reflects aligned values, mutual confidence, and a joint determination to redefine what is possible in Nigeria’s freight rail sector.
“Together, we are investing in the backbone of regional trade and enabling an energy transition that aligns with national and continental sustainability goals.”
The companies said they were looking forward to building a stronger, greener and more connected future together.
