Afrigather …As cargo quantity rises 152.5%
The overall quantity of passenger visitors by way of the rail system has grown by 45.4 % 689,263 passengers in quarter two in comparison with 474,117 reported within the corresponding quarter in 2023.
In accordance with the Nationwide Bureau of Statistics report, the quantity of products and cargo transported by way of rail inside the interval underneath evaluate grew by 152.5 % to 143,759 tons in comparison with 56,936 tons recorded on the identical time in 2023.
The NBS Rail Transportation Knowledge of quarter two of 2024, states that the Nigerian Railway Company (NRC) mentioned that a further quantity of cargo transported by way of pipeline stood at 5,940 tons, larger than 2,856 tons in 2023.
Learn additionally: Rail transport generated N1.69bn in Q2 – NBS
When it comes to income technology, a complete of N1.69 billion was obtained from passengers in the course of the interval, exhibiting a rise of 53.14 % from the N1.10 billion recorded in the identical quarter of the earlier yr.
Equally, N537.36 million was collected from cargo conveyed by way of rail in the identical interval, up by 206.68 % from N175.22 million obtained in 2023.
As well as, income generated from items moved by way of pipeline stood at N42.08 million in quarter two of 2024, larger than the N12.81 million reported within the corresponding interval of final yr.
Different receipts amounted to N994.68 million, indicating a rise of 5,206.68 % within the interval underneath evaluate from the N18.74 million obtained in 2023.
