The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s statistical system, reported on Friday that total revenue generated from rail transportation in the second quarter of this year increased to N1.1 billion, representing 83% more than the N598.74 million generated in the corresponding quarter of last year.
However, it reported that when analyzed on quarter-on-quarter basis, the Q2 2023 revenue indicated a 69.7% increase over the N768 million collected from rail passengers in the first quarter of this year.
The statistics agency, in its ‘Rail Transportation Data (Q2 2023)’ report published on its website on Friday, disclosed that in the quarter under review, a total of N188.03 million was generated from the transportation of goods and cargo by rail, amounting to an increase of 105.04% when compared to the N91.70 million revenue in Q2 2022.
Furthermore, the Bureau disclosed that miscellaneous income from rail transport in Q2 2023 amounted to N18.74 million, reflecting a decline of 62.31% from the N49.73 million reported in Q2 2022.
On the number of passengers that travelled by rail during the quarter, the statistics agency reported a significant increase with a total of 474,117 passengers, which also indicated 12.25% increase compared to the 422,393 passengers reported in the same quarter of 2022.
However, the report showed that the volume of goods transported by rail in Q2 this year reduced to 56,029 tons, from the 59,996 tons recorded in the first quarter of 2023 but that when compared to the corresponding quarter of 2022, the volume of cargo increased from 31,197 tons.
