Saturday, September 13, 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

BANKING, FINTECH TOP CONSUMER COMPLAINTS IN NIGERIA – FCCPC REPORT. Commission recovers ₦10 billion for aggrieved customers

BANKING, FINTECH TOP CONSUMER COMPLAINTS IN NIGERIA - FCCPC REPORT. Commission recovers ₦10 billion for aggrieved customers   The Federal Competition and Consumer Protection Commission says...

NAICOM, FINTECH ASSOCIATION PARTNER TO DRIVE INSURANCE DIGITALIZATION

  In a move to accelerate the digital transformation of Nigeria’s insurance sector, the National Insurance Commission (NAICOM) has entered into collaboration with the FinTech...

CBN GOVERNOR CARDOSO REAFFIRMS COMMITMENT TO STABILITY, STRONGER BANKS, AND INVESTMENT GROWTH.

 The Governor of the Central Bank of Nigeria (CBN),  Olayemi Cardoso, has restated the Bank’s commitment to sustaining macroeconomic stability, strengthening the banking sector,...

Most Popular

DICAN HONOURS NDLEA BOSS FOR INNOVATIVE FIGHT AGAINST ILLICIT DRUGS.

The Chairman and Chief Executive of National Drug Law Enforcement Agency, (NDLEA) Brigadier General, Mohammed Buba Marwa (rtd) has lay his weight behind the...

BANKING, FINTECH TOP CONSUMER COMPLAINTS IN NIGERIA – FCCPC REPORT. Commission recovers ₦10 billion for aggrieved customers

BANKING, FINTECH TOP CONSUMER COMPLAINTS IN NIGERIA - FCCPC REPORT. Commission recovers ₦10 billion for aggrieved customers   The Federal Competition and Consumer Protection Commission says...

NBRDA SIGNS  MEMORANDUM OF AGREEMENT  WITH SHANGHAI HAIQI INDUSTRIAL COMPANY OF CHINA.

  National Biotechnology Research Development Agency (NBRDA) has signed a Memorandum of Agreement (MoA) with Shanghai Haiqi Industrial Company of China to establish Nigeria’s first...

OPERATION HADIN KAI CONDUCTS AIR-TO-GROUND INTEGRATION TRAINING IN MAIDUGURI.

  The Theatre Command, Operation HADIN KAI (OPHK), has commenced an orientation training on Air-to-Ground Integration (AGI) for its troops in the North East theatre...

Recent Comments