Railway corporation generated N1.69 billion from passengers in Q2 2024: NBS
The Nigerian Railway Corporation generated N1.69 billion as revenue from passengers in Q2 of 2024, the National Bureau of Statistics (NBS) has said.
This is contained in the NBS Rail Transportation Data for Q2 2024 released in Abuja on Thursday.
The report showed that the figure increased by 53.14 per cent compared to the N1.10 billion generated in Q2 of 2023.
It showed that N537.36 million was collected in Q2 2024 as revenue from goods/ cargos conveyed by rail, this increased by 206.68 per cent from N175.22 million received in Q2 2023.
Similarly, the report showed that revenue generated from the movement of goods/cargo via pipeline increased to N42.08 million in Q2 2024, compared to the N12.81 million reported in Q2 2023.
“Also, other receipts amounted to N994.68 million, showing an increase of 5.2 per cent in Q2 2024 from the N18.74 million recorded in Q2 2023 .”
The report also showed that the number of rail transport passengers in Q2 2024 increased to 689,263.
“This is higher than the 474,117 recorded in Q2 2023, representing a growth rate of 45.38 per cent.”
(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.”
States
FRSC urges motorists to observe safety measures during rainfall
The Federal Road Safety Corps has called on motorists to strictly observe safety measures during the rainy season in order to reduce road crashes.
States
Jobless woman jailed four years for possessing marijuana
A 35-year-old unemployed woman, Mercy Raymond, was sentenced to four years’ imprisonment for possessing five kilogrammes of marijuana.
Economy
UN forum discusses private sector’s role in achieving SDGs
The 2026 UN Global Business Forum on the Sustainable Development Goals has concluded, with participants calling for a greater role for the private sector in achieving the goals.
Hot news Home top
NAHCO vehicle collides with Air Peace plane at Lagos airport
Air Peace said the incident occurred after a baggage conveyor belt vehicle operated by NAHCO collided with one of the aircraft’s engines.
Agriculture
Farmers seek transparent distribution of farm inputs in Ebonyi
Farmers in Ebonyi have urged the government to ensure that agricultural inputs are distributed effectively to boost food production.
Agriculture
Kaduna workshop charts post-project strategy against child labour in ginger farming
Stakeholders called for government support to consolidate gains recorded under the child labour eradication project in Kaduna’s ginger-producing communities.
