In Q4 2023, a total of 672,198 passengers travelled via rail system relative to 1,337,108 reported in the corresponding quarter of 2022, indicating a growth rate of -49.73%. The volume of goods/cargos transported in Q4 2023 stood at 119,286 tons compared to 53,136 tons recorded in Q4 2022. In terms of revenue generation, N1.07 billion was received from passengers during the reference period, showing a decrease of 7.51% from the N1.15 billion recorded in the same quarter of the previous year. Similarly, N423.22 million was collected from goods/cargos conveyed in Q4 2023, up by 169.16% from N157.23 million received in Q4 2022.

In addition, other receipts amounted to N393.72 million, indicating an increase of 3.02% in Q4 2023 from the N382.17 million collected in Q4 2022. However, on an annual basis, the number of passengers in 2023 fell by 32.08% compared to the previous year. The revenue received from passengers declined by 2.64% in 2023, while volume of cargo and revenue from cargo rose by 102.04%, and 144.32% respectively relative to 2022.

 

Data source: National Bureau of Statistics

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