In Q2 2024, a total of 689,263 passengers travelled via rail system relative to 474,117 report ed in the corresponding quarter of 2023, indicating a growth rate of 45.38%. The volume of goods/cargo transported via rail in Q2 2024 stood at 143,759 tons compared to 56,936 tons recorded in Q2 2023. In the quarter under review, the Nigerian Railway Corporation (NRC) reported an additional volume of goods/cargo transported via pipeline which stood at 5,940 tons, higher than 2,856 tons in Q2 2023.

In terms of revenue generation, N1.69 billion was received from passengers during the ref erence period, showing an increase of 53.14% from the N1.10 billion recorded in the same quarter of the previous year. Similarly, N537.36 million was collected from goods/cargo con veyed via rail in Q2 2024, up by 206.68% from N175.22 million received in Q2 2023. In addi tion, revenue generated from the movement of goods/cargo via pipeline stood at N42.08 million in Q2 2024, higher than the N12.81 million reported in the corresponding period of last year. Other receipts amounted to N994.68 million, indicating an increase of 5,206.68% in Q2 2024 from the N18.74 million received in Q2 2023.

Data source: National Bureau of Statistics

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