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Rail Transport Earns N1.69 billion in Q2 – NBS
The Nigerian rail system generated N1.69bn in income from passengers within the second quarter of 2024, reflecting a 53.14 per cent enhance in comparison with the N1.10bn recorded in the identical interval of 2023.
This knowledge was disclosed by the Nationwide Bureau of Statistics (NBS) in its report launched on Thursday.
In keeping with the report, a complete of 689,263 passengers travelled by rail in Q2, representing a development price of 45.38 per cent in comparison with 474,117 passengers within the corresponding quarter of 2023.
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The quantity of products transported by way of rail additionally noticed a big enhance, with 143,759 tons moved in Q2 2024, up from 56,936 tons in Q2 2023.
Moreover, the Nigerian Railway Company reported a quantity of 5,940 tons of products transported by pipelines in Q2 2024, a rise from the two,856 tons recorded in the identical interval of the earlier yr.
Income from items conveyed by way of rail stood at N537.36m in Q2 2024, a exceptional enhance of 206.68 per cent in comparison with N175.22m in Q2 2023. The motion of products by pipelines additionally contributed to income technology, with N42.08m collected in Q2 2024, in comparison with N12.81m in Q2 2023.
Different income receipts amounted to N994.68m in Q2 2024, representing a staggering enhance of 5,206.68 per cent from the N18.74m recorded within the corresponding interval of final yr.
