The Nigerian Railway Corporation (NRC) has generated N1.42 billion as revenue from passengers in the first quarter (Q1) of 2024.
The National Bureau of Statistics (NBS) disclosed this via its Rail Transportation Data for Q1 2024 released on Monday, July 1.
The NBS stated that the figure increased by 84.91 per cent compared with the N768.44 million generated in Q1 2023.
The bureau noted that N607.32 million was collected in the first quarter of 2024 as revenue from goods/cargos, saying this increased by 235.03 per cent from N181.27 million received in Q1 2023.
“Other receipts declined by 25.65 per cent from the N34.17 million recorded in Q1 2023 to N25.40 million recorded in Q4 2023,” it added.
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The NBS said the number of rail transport passengers in the first quarter of 2024 stood at 675,293.
“This is higher than the 441,725 recorded in Q1 2023, representing a growth rate of 52.88 per cent,” the bureau revealed.
The NBS said the volume of goods/cargo transported via rail in Q1 2024 stood at 160,650 tonnes compared to 59,966 tonnes recorded in Q1 2023.
The NBS disclosed that the NRC recorded an additional volume of goods/cargo transported via pipeline which stood at 8,000 tons.
“In addition, revenue generated from the movement of goods/cargo via pipeline stood at N59.14 million in Q1 2024,” it added.
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