Rail transport revenue dropped to N768 million in Q1 2023: NBS
The National Bureau of Statistics (NBS) says the Nigerian Railway Corporation generated N768.44 million in revenue from passengers in Q1 of 2023.
The NBS Rail Transportation Data for Q1 2023, released on Wednesday, 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 and cargo. This rose by 99.28 per cent from N90.96 million received in Q1 2022.
The report stated that other receipts amounted to N34.17 million, showing a 41.02 per cent decline in Q1 2023 from the N57.92 million collected in Q1 2022.
The report further showed 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.
In addition, the report showed that 59,966 tons of goods were transported in Q1 2023, compared to 39,379 tons reported in Q1 2022.
(NAN)
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