By Demilade Aderibigbe
Nigeria raked in N1.10 billion from rail passengers in the second quarter of 2023, the National Bureau of Statistics’ latest report on Rail Transportation Data (Q2 2023) has disclosed.
According to the report, in the period under review, 474,117 passengers travelled on the rail system in Nigeria, compared to 422,393 reported in the corresponding quarter of 2022.
The figure indicated a 12.25 per cent growth rate.
The N1.10 billion received from passengers in Q2 2023 represented an increase of 83.88 per cent from the N598.74 million recorded in the same quarter of the previous year.
Likewise, the volume of goods/cargos transported in Q2 2023 stood at 56,029 tons compared to 31,197 tons recorded in Q2 2022.
The revenue generated from goods/cargo rail transport rose to N188.03 million, up by 105.04 per cent from N91.70 million received in Q2 2022.