The Nigerian Railway Corporation generated N537.36 million from freighting cargoes between April and June 2024.
This is contained in the National Bureau of Statistics (NBS) Rail Transportation Data for Q2 2024 released in Abuja on Thursday.
It showed that the N537.36 million was collected as revenue from goods/ cargos conveyed by rail. This also increased by 206.68 per cent from N175.22 million received in Q2 2023.
According to the NBS, N1.69 billion was collected as revenue from passengers in Q2 of 2024.
The report also showed that the figure from passengers increased by 53.14 per cent compared to the N1.10 billion generated in Q2 of 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.”
