In Q1 2024, a total of 675,293 passengers travelled via rail system relative to 441,725 report ed in the corresponding quarter of 2023, indicating a growth rate of 52.88%. The volume of goods/cargo transported via rail in Q1 2024 stood at 160,650 tons compared to 59,966 tons recorded in Q1 2023. In the quarter under review, the Nigerian Railway Corporation (NRC) reported an additional volume of goods/cargo transported via pipeline which stood at 8,000 tons. In terms of revenue generation, N1.42 billion was received from passengers during the ref erence period, showing an increase of 84.91% from the N768.44 million recorded in the same quarter of the previous year.

Similarly, N607.32 million was collected from goods/ cargo conveyed via rail in Q1 2024, up by 235.03% from N181.27 million received in Q1 2023. In addition, revenue generated from the movement of goods/cargo via pipeline stood at N59.14 million in Q1 2024. Other receipts amounted to N25.40 million, indicating a de cline of 25.65% in Q1 2024 from the N34.17 million received in Q1 2023.

Data source: National Bureau of Statistics

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