A total of 441,725 passengers travelled via the rail system in Q1 2023, lower than the 953,099 reported in the corresponding quarter of 2022. This represented a growth rate of -53.65 per cent.
The rail transportation data for Q1 2023 by the National Bureau of Statistics (NBS), showed that 59,966 tons of goods were transported in Q1 2023, compared to 39,379 tons reported in Q1 2022.
“In terms of revenue generation, N768.44 million was received from passengers over the period, lower by 63.02% relative to N2.08 billion in the same quarter of the previous year.
“Similarly, N181.27 million was collected in Q1 2023 as revenue from goods/cargos, up by 99.28% from N90.96 million received in Q1 2022.
“In addition, other receipts amounted to N34.17 million, indicating a decline of 41.02% in Q1 2023, from the N57.92 million collected in Q1 2022,” the NBS said.
