FG earned N1.49b from rail transport in Q3 2023
The National Bureau of Statistics (NBS) has said the Federal Government generated N1.49 billion from passenger fare for rail transport in the third quarter 2023 (Q3 2023).
NBS made this disclosure in its document tagged: “Rail Transport Data (Q3 2023).”
According to the document, the revenue rose by 108.25% from the N715.09 million earned in the 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% 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%.
It said the volume of goods/cargos 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% 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.
