A total of 672,198 passengers travelled through Nigeria rail system in the fourth quarter of 2023. This indicates a decline rate of -49.73%, compared to 1,337,108 passengers reported in the corresponding quarter of 2022.
In terms of revenue generation, N1.07 billion was received from passengers during the reference period, showing a decrease of 7.51% from the N1.15 billion recorded in the same quarter of the previous year.
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On an annual basis, the number of passengers in 2023 fell by 32.08% compared to the previous year as the revenue received from passengers declined by 2.64% in 2023.
Meanwhile, the volume of goods or cargos transported by rail in Q4 2023 however stood at 119,286 tons compared to 53,136 tons recorded in Q4 2022. Data releases by the National Bureau of Statistics, NBS shows that N423.22 million was collected for goods or cargos conveyed in Q4 2023, up by 169.16% from N157.23 million received in Q4 2022.
(Editor: Terverr Tyav)
