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)
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.”
Abuja
NCS urges stronger policies, early diagnosis to tackle childhood cancer
The president of the Nigerian Cancer Society, Abidemi Omonisi, called for stronger policies, financing and health systems to improve childhood cancer care in Nigeria.
Rights
Newspaper links abduction of journalist Kiprotich to Kenya’s president
“We say this plainly and without equivocation: the Standard Group holds the state responsible for Alex Kiprotich’s safety and his life,” the paper’s CEO stated.
Economy
With 10 years, ₦1.2 billion, over 40 tertiary institutions in 2026, OPay says it’s here to stay
For OPay, the decision to invest in Nigerian students is ultimately a decision to invest in Nigeria itself.
Health
Lagos hospital launches ₦250 million medical equipment fund
Alimosho General Hospital, Igando, Lagos, has launched a ₦250 million fundraising campaign to procure critical medical equipment and improve healthcare delivery.
Health
Police arrest man for stealing 1,500 sachets of RUTF in Katsina
The police command in Katsina has arrested a man for allegedly diverting 1,500 sachets of ready-to-use therapeutic food meant for malnourished children.
Health
Response must outpace spread of Ebola, says UN relief chief
The UN has warned that the global response to Ebola must urgently outpace the virus as deaths in the Democratic Republic of the Congo approach 3,000.
