Nigerian Railway Corporation generated N5.7 billion from passengers in 2021: Report
The Nigerian Railway Corporation generated N5.7 billion in revenue from passengers in 2021, according to the latest report by the National Bureau of Statistics (NBS).
The NBS rail transportation data for 2021 released on Wednesday revealed that the total revenue generated from passengers in 2020 was N1.75 billion.
The 2021 revenue, the NBS said, represents a 226.44 per cent increase.
The bureau said that over 2.7 million passengers travelled by train in 2021 compared to one million recorded in 2020.
Similarly, the report showed a total of 168,301 tonnes of goods were transported in 2021 as against 87,440 recorded in 2020, showing a growth rate of 92.48 per cent.
In addition, the report showed the revenue generated from goods in 2021 amounted to N317.57 million, higher by 12.87 per cent compared to N281.35 million in 2020.
“Other income receipts in 2021 stood at N66.80 million, higher than the N5.19 million recorded in the preceding year.”
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
World
Russian jailed 13 years for smuggling aircraft parts to Ukraine
The FSB said the man intended to deliver the spare parts to a key enterprise that maintains military aircraft and helicopters for the Ukrainian forces.
![Governor Ahmed Ododo of Kogi [Photo Credit: Twitter]](https://gazettengr.com/wp-content/uploads/G_al6PKXIAAfMKN.jpg)
States
Kogi School Abduction: We will never negotiate with criminals, Gov. Ododo says
“Let me reiterate that we will never negotiate with criminals. We will never pay ransom. We will rid Kogi of criminals,” Mr Ododo said.
NationWide
Nigeria, UN, U.S. deepen anti-crime partnership with first national strategy
The national strategy is expected to be officially unveiled on August 17.
World
Chinese President Xi seeks global cooperation to build artificial intelligence governance system
Chinese President Xi Jinping urged nations to build a just and equitable global artificial intelligence governance system.
Anti-Corruption
TD Bank insiders facilitating money laundering, fraud jailed 70 months
During the money-laundering scheme, 1,680 official bank checks were processed at TD Bank, totalling more than $92 million.
States
Ogun, IFAD distribute agricultural inputs to 2,740 cassava farmers
The distribution was done under the Special Agro-Industrial Processing Zones (SAPZ) programme of the Federal Ministry of Agriculture and Food Security.
