The Federal Government generated N1.49 billion from passenger fares for rail transport in the third quarter of 2023 (Q3 2023).
The National Bureau of Statistics (NBS) made this disclosure in its document tagged: “Rail Transport Data (Q3 2023)”, yesterday.
According to the document, the revenue by 108.25 per cent from the N715.09 million earned in Q3 2022.
The data said, “In terms of revenue generation, N1.49 billion was received from passengers during the reference period, showing an increase of 108.25 per cent from the N715.09 million recorded in the same quarter of the previous year”.
NBS also noted that in Q3 2023, a total of 594,348 passengers travelled via rail system, relative to 500,348 reported in the corresponding quarter of 2022, indicating a growth rate of 18.79 per cent.
It said the volume of goods/cargoes transported in Q3 2023 stood at 81,963 tons, compared to 33,312 tons recorded in Q3 2022.
According to the document, similarly, N286.78 million was collected from goods/cargos conveyed in Q3 2023, up by 181.58 per cent from N101.84 million received in Q3 2022.
NBS added that other receipts amounted to N119.22 million, indicating an increase of 1.05% in Q3 2023 from the N117.98 million collected in Q3 2022
