Nigerian Railway Generates N2.1billion in Six Months

Railway business generates a total sum of N2.1 billion revenue in six months, National Bureau of Statistics (NBS) has confirmed on its latest rail transport data.

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Breaking down the statistics, the sum of N424.5 million was generated in the first quarter and a total of N565.4 million was realised in the second quarter, thereby amounting the overall figure.

In the first and second quarter of 2020, a sum of N1.079 billion was generated from passenger travel and cargo. This latest development is the highest amount raised since 2019, according to obtained data from the NBS.

In the first half of 2019, passenger travel and cargo revenue of N1.2 billion was generated in Q1 and Q2. The figures suggest a new dawn for the Nigerian Railway Corporation after years of half dead business. According to the NBS, passenger traffic hit 989,845 in the first half of 2021.

A head-to-head breakdown indicates 565,385 passengers travelled via rail in Q2, 108,238 passengers in Q1, while 42,782 tons of volume of goods/ cargo travelled via the rail system in Q2’21 as against 10,511 in Q1’21. But it is the lowest recorded since 2019.

In Q1 and Q2 of 2020 a total of 788,512 recorded for passenger traffic and cargo. Passenger traffic alone in the first half of 2020 was 782,4068, while the volume of goods/cargo that travelled was 27,175 tons in Q1 and Q2.

In the first half of 2019, passenger and cargo traffic was 1,606,189. Passengers who used rails were 723,995 in the Q1, 748,345 in the Q2, while the volume of goods/cargo travelled via the rail system in Q1 was 54,099 tones and 79,750 in Q2.