Railway corporation generated N1.07b from passengers in Q4 2023 – NBS

The Nigerian Railway Company generated N1.07 billion as income from passengers in This autumn of 2023, the Nationwide Bureau of Statistics (NBS) has mentioned.

That is contained within the NBS Rail Transportation Knowledge for This autumn 2023 launched in Abuja on Monday.

The report confirmed that the determine decreased by 7.51 per cent in contrast with the N1.15 billion generated in This autumn of 2022.

Equally, it confirmed that N423.22 million was collected in This autumn 2023 as income from items/cargos, this elevated by 169.16 per cent from N157.23 million acquired in This autumn 2022.

“Additionally, different receipts grew by 3.02 per cent from the N382.17 million recorded in This autumn 2022 to N393.72 million recorded in This autumn 2023.

The report mentioned that the variety of rail transport passengers in This autumn 2023 stood at 672,198.

“That is decrease than the 1,337,108 recorded in This autumn 2022, representing a progress price of -49.73 per cent,” it mentioned.

It mentioned on an annual foundation, the variety of rail transport passengers decreased by 32.08 per cent, from 3,212,948 recorded in 2022 to 2,182,388 recorded in 2023.

The NBS mentioned the income acquired from passengers declined by 2.64 per cent in 2023 from the N4,546,342,050 recorded in 2022 to N4,426,495,760 in 2023.

“Nonetheless, the amount of cargo and income from cargo in 2023 elevated by 102.04 per cent and 144.32 per cent respectively, in contrast with 2022,” the report mentioned. (NAN)

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