According to NBS Rail Transportation Data for Q4 2023 released by the National Bureau of Statistics (NBS), the Nigerian Railway Corporation generated ₦1.07 billion as revenue from passengers in Q4 of 2023.
Compared to the ₦1.15 billion generated in Q4 of 2022 the report shows a decrease of 7.51 per cent.
Similarly, it showed that ₦423.22 million was collected in Q4 2023 as revenue from goods/ cargos, this increased by 169.16 per cent from ₦157.23 million received in Q4 2022.
“Also, other receipts grew by 3.02 per cent from the N382.17 million recorded in Q4 2022 to N393.72 million recorded in Q4 2023.
The number of rail transport passengers in Q4 2023 is 672,198, according to the report.
“This is lower than the 1,337,108 recorded in Q4 2022, representing a growth rate of -49.73 per cent. ”
It revealed that the number of rail transport passengers decreased by 32.08 per cent, from 3,212,948 recorded in 2022 to 2,182,388 recorded in 2023.
The revenue received from passengers was down by 2.64 per cent in 2023 from the ₦4,546,342,050 recorded in 2022 to ₦4,426,495,760 in 2023.
“However, the volume of cargo and revenue from cargo in 2023 increased by 102.04 per cent and 144.32 per cent respectively, compared with 2022,” the report disclosed.
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