The Nigerian Railway Corporation (NRC) has generated N768.44 million in revenue from passengers in Q1 2023.
This was contained in the National Bureau of Statistics (NBS) Rail Transportation Data for Q1 2023 released on Wednesday, June 14.
The report showed that the figure dropped by 63.02 per cent compared to the N2.08 billion received in Q1 of 2022.
It showed that N181.27 million was collected in Q1 2023 as revenue from goods/cargos, this rose by 99.28 per cent from N90.96 million received in Q1 2022.
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The NBS stated that other receipts amounted to N34.17 million, showing a decline of 41.02 per cent in Q1 2023, from the N57.92 million collected in Q1 2022.
It added that the number of rail transport passengers in Q1 2023 dropped by 511,374.
“This is lower than the 953,099 recorded in Q1 2022, representing a growth rate of -53.65 per cent,” it noted.
The NBS revealed that 59,966 tons of goods were transported in Q1 2023, compared to 39,379 tons reported in Q1 2022.
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