NRC generates N1.10bn revenue, carries 474,117 passengers in Q2
The Nigerian Railway Corporation (NRC) generated N1.10billion in revenue in the second quarter of 2023, an increase of 84 per cent from N598.74million recorded in the second quarter of 2022.
This is disclosed by the National Bureau of Statistics (NBS) in its rail transportation data for Q2 2023.
According to NBS, “In Q2 2023, a total of 474,117 passengers travelled via rail system, relative to 422,393 reported in the corresponding quarter of 2022, indicating a growth rate of 12.25per cent.
“The volume of goods/cargos transported in Q2 2023 stood at 56,029 tons, compared to 31,197 tons recorded in Q2 2022.”
The report stated that N188.03 million was collected from goods/cargos conveyed in Q2 2023, up by 105.04per cent from N91.70 million received in Q2 2022. In addition, other receipts amounted to N18.74 million, indicating a decline of 62.31% in Q2 2023 from the N49.73 million collected in Q2 2022.
