Report: Nigerian Railway Corporation generated N5.7 billion from passengers in 2021

The Nigerian Railway Corporation generated N5.7 billion in revenue from passengers in 2021, according to the latest report by the National Bureau of Statistics (NBS).

The NBS rail transportation data for 2021 released on Wednesday revealed that the total revenue generated from passengers in 2020 was N1.75 billion.

The 2021 revenue, the NBS said, represents a 226.44 per cent increase.

The bureau said that over 2.7 million passengers travelled by train in 2021 compared to one million recorded in 2020.

Similarly, the report showed a total of 168,301 tonnes of goods were transported in 2021 as against 87,440 recorded in 2020, showing a growth rate of 92.48 per cent.

In addition, the report showed the revenue generated from goods in 2021 amounted to N317.57 million, higher by 12.87 per cent compared to N281.35 million in 2020.

“Other income receipts in 2021 stood at N66.80 million, higher than the N5.19 million recorded in the preceding year.”

Via
Okay.ng
Source
NAN
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