Wednesday, July 30, 2025
Home Business RAIL TRANSPORT PASSENGERS DECLINED BY 53.65% IN Q1 2023

RAIL TRANSPORT PASSENGERS DECLINED BY 53.65% IN Q1 2023

The National Bureau of Statistics has disclosed that rail transportation passengers declined by 53.65 per cent from 953,099 in the first quarter of 2022 to 441,725 in the first quarter of 2023,

This was disclosed by the National Bureau of Statistics, in its just-released Rail Transport report for first quarter 2023.

The statistics body added that a total of 59,966 tonnes of goods were transported in the first quarter of 2023, compared to 39,379 tonnes reported in the same quarter of 2022.

In terms of revenue generation, N768.44 million was received from passengers over the period, a decrease of 63.02 per cent relative to N2.08 billion in the same quarter of the previous year.

Similarly, N181.27 million was collected in Q1 2023 as revenue from goods/cargos, up by 99.28% from N90.96 million received in Q1 2022.

“In addition, other receipts amounted to N34.17 million, indicating a decline of 41.02% in Q1 2023, from the N57.92 million collected in Q1 2022.”

Following the terrorist attack on the train that occurred on March 28th, 2022, train trips were temporarily suspended on the Abuja to Kaduna corridor.

RELATED ARTICLES

NAICOM ISSUES GUIDELINES FOR INSURTECH OPERATIONS IN NIGERIA.

  The National Insurance Commission (NAICOM) has  issued operational guidelines for Insurtech businesses in Nigeria, following extensive stakeholder consultation and engagement.    The guidelines, effective from August...

FG  INAUGURATES NEW NDIC MANAGEMENT .

The Honourable Minister of Finance and Coordinating Minister of the Economy,  Wale Edun has inaugurated the new Managing Director/Chief Executive Officer of the Nigeria...

CGC ADENIYI EMPHASISES CUSTOMS’ ROLE IN CURBING ILLICIT FINANCIAL FLOWS AT REVENUE REFORM CONFERENCE.

Comptroller‑General of Customs Bashir Adewale Adeniyi  has emphasised the vital role of the Nigeria Customs Service  in fighting illicit financial flows (IFFs) during the...

Most Popular

NAICOM ISSUES GUIDELINES FOR INSURTECH OPERATIONS IN NIGERIA.

  The National Insurance Commission (NAICOM) has  issued operational guidelines for Insurtech businesses in Nigeria, following extensive stakeholder consultation and engagement.    The guidelines, effective from August...

CDS REAFFIRMS ARMED FORCES’ COMMITMENT TO PEACE AND SECURITY IN NORTHERN NIGERIA, HIGHLIGHTS KEY ACHIEVEMENTS

  The Chief of Defence Staff (CDS), General Christopher Gwabin Musa, thas restated the commitment of the Armed Forces of Nigeria (AFN) to restoring peace...

MINISTRY OF AGRICULTURE SPOKESPERSON RETIRES, PRESENTS BOOK TO MARK BIRTHDAY.

After over three decades of dedicated service in the Federal Civil Service, the Director of Information and Spokesperson for the Federal Ministry of Agriculture...

2027 ELECTION:  ANPP SPEAKS TOUGH AHEAD OF GENERAL ELECTIONS.

The former All Nigeria Peoples Party (ANPP) has called on President Bola Ahmed Tinubu to ensure that the vice presidential seat is made sacrosanct...

Recent Comments