Rail passengers in Nigeria rise to 1.34 million (nairametrics.com)

Revenue generated from goods in Q4 2022 was N157.23 million, higher by 63.56 compared to N96.13 million reported in Q4 2021.

The number of Nigerians using rail for transport fell by 28.20 in Q3 2022, to 500,348, however, rose 20.10 to 1.34 million persons in Q4 2022.

This was disclosed by the National Bureau of Statistics on Monday in its Rail Transportation Data (Q3 amp Q4 2022).

The report added that Revenue generated from passengers stood at N1.15 billion in Q4 2022, a decrease of 39.54 from the same period of the previous year when N1.91 billion was reported.

Third Quarter

The report stated that the number of rail transport passengers in Q3 2022 was 500,348, lower than the 696,841 reported in the corresponding quarter of 2021, representing a growth rate of 28.20, they added

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

In terms of revenue generation, N715.09 million was received from passengers over the period, lower by 60.52 relative to N1.81 billion in the same quarter of the previous year. Similarly, N101.84 million was collected in Q3 2022 as revenue from goods/ cargos, down by 7.04 from N109.56 million received in Q3 2021.

Also, other receipts grew by 707.31 in Q3 2022 from the N14.61 million collected in Q3 2021.

Fourth Quarter

For the 4th quarter the number of passengers rose by 30.10 to 1.34 million persons from 1.03 million persons in Q4 2021, they added

While the volume of goods transported decreased by 1.50.

Keypoints

• Related