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
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.”
Education
Argentines protest budget cuts to public universities
The protestors are being joined by professors and students with their union leaders.
Sport
EPL: Everton hand Liverpool major upset in title race; Bruno Fernandes’ brace helps Man United return to winning ways
If City win the two games, they will go top of the table.
Heading 3
FRSC collaborates with judiciary for speedy trial of drivers involved in road crashes
“All drivers and vehicle owners who caused crashes on the roads would definitely face the wrath of the law.”
Africa
Tanzania shuts down five hydro stations to reduce excess power on national grid
This is the first time the country will be shutting its hydroelectric stations over excess production.
Abuja
Fuel Scarcity: Motorists lament as long queues resurface in FCT
They appealed to the federal government to resolve whatever the issues were.
