How FG raked in N1.07b from railway passengers in Q4 2023

The Nigerian Railway Corporation (NRC) generated N1.07 billion for the federal government as income from passengers in Q4 of 2023, the National Bureau of Statistics (NBS) has acknowledged.

Right here is contained in the NBS Rail Transportation Info for Q4 2023 released in Abuja on Monday.

The document showed that the identify diminished by 7.51 per cent when put next with the N1.15 billion generated in Q4 of 2022.

Similarly, it showed that N423.22 million was once accrued in Q4 2023 as income from goods/ cargos, this elevated by 169.16 per cent from N157.23 million acquired in Q4 2022.

“Also, a quantity of receipts grew by 3.02 per cent from the N382.17 million recorded in Q4 2022 to N393.72 million recorded in Q4 2023.

The document acknowledged that the selection of rail transport passengers in Q4 2023 stood at 672,198.

“Right here is lower than the 1,337,108 recorded in Q4 2022, representing a tell rate of -49.73 per cent. ”
It acknowledged on an annual foundation, the selection of rail transport passengers diminished by 32.08 per cent, from 3,212,948 recorded in 2022 to 2,182,388 recorded in 2023.

The NBS acknowledged the income acquired from passengers declined by 2.64 per cent in 2023 from the N4,546,342,050 recorded in 2022 to N4,426,495,760 in 2023.

“However, the amount of cargo and income from cargo in 2023 elevated by 102.04 per cent and 144.32 per cent respectively, when put next with 2022,” the document acknowledged.