October 5, 2024
Rail Transport Revenue Increased By 53% To ₦1.69bn in Q2 says NBS
News Today In the News

Rail Transport Revenue Increased By 53% To ₦1.69bn in Q2 says NBS

Rail Transport Revenue Increased By 53% To ₦1.69bn in Q2 says NBS
Rail Transport Revenue Increased By 53% To ₦1.69bn in Q2 says NBS

The National Bureau of Statistics (NBS) in its latest report released on Thursday has revealed that the rail transportation revenue rose to ₦1.69bn in the second quarter of 2024, reflecting a 53.14 percent increase compared to the ₦1.10bn recorded in the same period of 2023.

According to the report, a total of 689,263 passengers travelled by rail in Q2, representing a growth rate of 45.38 percent compared to 474,117 passengers in the corresponding quarter of 2023.

Also Read:Company Tax Grows By 226% To N1.5trn In Q2

The volume of goods transported via rail also saw a significant increase, with 143,759 tons moved in Q2 2024, up from 56,936 tons in Q2 2023.

Furthermore, the Nigerian Railway Corporation reported a volume of 5,940 tons of goods transported through pipelines in Q2 2024, an increase from the 2,856 tons recorded in the same period of the previous year.

Leave feedback about this

News, Today In the News

News, Today In the News

News, Today In the News