The Nigerian Railway Company generated N1.07bn in income from passengers in this autumn of 2023, the Nationwide Bureau of Statistics stated.
In line with the Information Company of Nigeria, that information is contained within the NBS Rail Transportation Information for This Autumn 2023, launched in Abuja on Monday.
The report confirmed that the determination decreased by 7.51 per cent, compared with the N1.15bn generated in this autumn of 2022.
Income from items/cargoes ballooned by 169.16 per cent to N423.22m from N157.23m generated in the identical interval of the earlier 12 months.
In line with the report, the variety of rail transport passengers this autumn of 2023 declined by 49.73 per cent to 672,198 as a substitute of 1,337,108 within the prior interval.
It started on an annual foundation that the variety of rail transport passengers decreased by 32.08 percent, from 3,212,948 recorded in 2022 to 2,182,388 recorded in 2023.
The NBS stated the income acquired from passengers declined by 2.64 per cent in 2023 from the N4.55b recorded in 2022 to N4.43bn in 2023.
“Nonetheless, the amount of cargo and income from cargo in 2023 elevated by 102.04 per cent and 144.32 per cent, respectively, compared with 2022,” the report stated.
