The rail transportation statistics in the first quarter of 2022 revealed that 953,099 passengers travelled via train relative to 424,460 reported in the corresponding quarter of 2021, representing a growth rate of 124.54%. In addition, 32,139 tons of goods were transported in the first quarter of 2022, compared to 9,071 tons reported in the first quarter of 2021, showing a growth rate of 254.30%. In terms of revenue generation, N2.07 billion was received from passengers over the period, higher by 132.82% relative to N892.46 million in the first quarter of 2021. Similarly, N71.76 million was collected in the first quarter of 2022 as revenue from goods/cargos, compared to N18.89 million in the first quarter of 2021. Other receipts grew by 619.34% in the first quarter of 2022, recorded at N57.92 million from N8.05 million in the first quarter of 2021. In the second quarter of 2022, passengers declined by 25.29%, reported at 422,393 relative to passengers in the second quarter of 2021 which stood at 565,385. Revenue generated from passengers was N598.73 million, a decrease of 44.76% from N1.08 billion in the same period last year. Moreso, revenue generated from goods in the second quarter of 2022 amounted to N86.00 million, higher by 14.34% compared to N75.21 million reported in the second quarter of 2021. Other income receipts stood at N49.72 million, an increase of 988.92% from the N4.56 million recorded in the same period of the preceding year.
Data source: National Bureau of Statistics