The Nigerian Railway Corporation (NRC) generated N1.70bn from passengers in the third quarter of 2024, an increase of 13.83% from the N1.49bn billion recorded in the same period last year.
A report by the National Bureau of Statistics (NBS) said the money was collected from the 743,205 passengers that travelled via rail system, a 25.05 per cent increase from the 594,348 reported in the corresponding quarter of 2023.
The report added that the corporation made N412.57m from goods/cargo conveyed via rail, up by 89.60 per cent from N217.60m received in Q3 2023.
In addition, revenue generated from the movement of goods/cargo via pipeline stood at N51.85m in Q3 2024, lower than the N69.18m reported in the corresponding period of last year.
Other receipts amounted to N34.77m, indicating a decrease of 70.84 percent in Q3 2024 from the N119.22m received in Q3 2023. “The volume of goods/cargo transported via rail in Q3 2024 stood at 96,401 tons compared to 69,003 tons recorded in Q3 2023.”
