NBS Says Railway Corporation Generates N715.09Million Revenue From Passengers

 

The National Bureau of Statistics (NBS) says The Nigerian Railway Corporation generated N715.09 million in revenue from passengers in Q3 of last year.

According to the report, there is a decline in the revenue generated by 60.52 percent compared to the one received in at last two years.

Further speak that, revenue collected from cargo, and goods decrease by 7.04 percent from the N109.56 million collected in at last two years.

“Also, other receipts grew by 707.31 percent in Q3 2022 from the N14.61 million recorded in Q3 2021.”

According to the report, as at last year quarter three, there is a decrease in the number of rail transport by 500,348.

 "This is lower than the 696,841 recorded in Q3 2021, representing a growth rate of -28.20 percent. ”

According to the report shown, there is a higher increase in goods transported in quarter three of 2021 compared to the one transported last year.

According to the report generated by the corporation, a 39.54 percent decrease in revenue a total of N1.91 billion in quarter 4 of 2021.

Speaking on the report, goods generated in revenue in quarter four of 2022 increased by 63.56 percent compared to the previous year.

Further, speak concerning the income received a total of N382.17million in quarter 4 last year which makes it an increase of 3,316.18percent.

According to the report, in quarter 4 last year, the number of passengers increased by 30.10 percent from 1.03 million to 1.34 million.

Further, speak concerning the goods transported in quarter 4, there is a decrease of 1.50 percent.

“However, on an annual basis, the number of passengers increased by 18.36 percent.”