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    Home»Business & Economy»Railway Corporation Generated N715m From Passengers In Q3 2022 – NBS
    Business & Economy

    Railway Corporation Generated N715m From Passengers In Q3 2022 – NBS

    Alexandra Dominic-ChukwuBy Alexandra Dominic-ChukwuApril 18, 2023Updated:April 18, 2023No Comments2 Mins Read
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    Passengers boarding a train at Idu Railway station as travelers travel for the Christmas celebration in Abuja, Dec. 24, 2022. Nigeria capital on Monday 5th of December resumed service on a train linking the capital city with a northern city, eight months after it was suspended following one of the most high-profile attacks in the country. Gunmen with explosives on 28 of March blew up the tracks assaulted the train travelers between Abuja and Kaduna kidnaped some of its passengers opened fire, killing eight people, while some sustained injuries. Photo: Emmanuel Osodi
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    ENUGU, Nigeria (VOICE OF NAIJA)- The Nigerian Railway Corporation generated N715.09 million in revenue from passengers in Q3 of 2022, the National Bureau of Statistics says.

    This is contained in the NBS Rail Transportation Data for Q3 and Q4 2022 released in Abuja on Tuesday.

    The report showed that the figure dropped by 60.52 per cent compared to the N1.81 billion received in Q3 of 2021.

    Similarly, it showed that N101.84 million was collected in Q3 2022 as revenue from goods/ cargos, this dropped by 7.04 per cent from N109.56 million received in Q3 2021.

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

    The report further showed that the number of rail transport passengers in Q3 2022 dropped by 500,348.

    “This is lower than the 696,841 recorded in Q3 2021, representing a growth rate of -28.20 per cent,” it added.

    In addition, the report showed that 33,312 tonnes of goods were transported in Q3 2022, compared to 51,726 tons reported in Q3 2021.

    The report said the corporation generated revenue of N1.15 billion from passengers in Q4 2022, which indicated a decrease of 39.54 per cent in Q4 2021 which recorded N1.91 billion.

    Also, it said revenue generated from goods in Q4 2022 was N157.23 million, which was higher by 63.56 per cent compared to the N96.13 million reported in Q4 2021.

    It said other income receipts stood at N382.17 million, an increase of 3,316.18 per cent from the N11.19 million recorded in Q4 2021.

    The report said in Q4 2022, the number of passengers increased by 30.10 per cent from 1.03 million persons recorded in Q4 2021 to 1.34 million persons in Q4 2022.

    It said the volume of goods transported decreased by 1.50 per cent in Q4 2022.

    “However, on an annual basis, the number of passengers increased by 18.36 per cent,” it concluded.

    NAN

    National Bureau of Statistics (NBS) Nigerian Railway Corporation (NRC)
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    Alexandra Dominic-Chukwu

    Alexandra Dominic-Chukwu is based in the eastern region of Nigeria. She covers politics, news writing, feature stories, among others. She has multitasking skills and can easily adapt to any working condition. She enjoys reading and writing.

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