Monday, April 15, 2024

NRC generated N1.07bn in fourth quarter of 2023 – NBS


The Nationwide Bureau of Statistics says the Nigerian Railway Company generated N1.07 billion as income from passengers in This autumn of 2023.

It’s contained within the NBS Rail Transportation Information for This autumn 2023 launched in Abuja on Monday.

Based on the Information Company of Nigeria, the report confirmed a lower of seven.51 per cent in comparison with the N1.15 billion generated in This autumn of 2022.

It additional defined that the income from items/cargoes swelled by 169.16 per cent to N423.22 million from N157.23 million generated in the identical interval of the earlier yr.

Different receipts, in keeping with the information grew by 3.02 per cent from the N382.17 million recorded in This autumn 2022 to N393.72 million recorded in This autumn 2023.

Based on the report, “the variety of rail transport passengers in This autumn 2023 declined by 49.73 per cent to 672,198 as an alternative of 1,337,108 within the prior interval.”

It defined that on an annual foundation, the variety of rail transport passengers decreased by 32.08 per cent, from 3,212,948 recorded in 2022 to 2,182,388 recorded in 2023, saying that the income obtained from passengers declined by 2.64 per cent in 2023 from the N4.55 billion recorded in 2022 to N4.43 billion in 2023.

The Nationwide Bureau of Statistics acknowledged that the quantity of cargo and income from cargo in 2023 elevated by 102.04 per cent and 144.32 per cent respectively, in contrast with 2022.

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