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.
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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.
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