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Thursday, September 5, 2024
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.

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