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NBS: Nigerian railway generated N1bn revenue in Q4, 2023

According to the National Bureau of Statistics (NBS), the Nigerian Railway Corporation generated N1.07bn as revenue from passengers in Q4 of 2023. This is contained in the NBS Rail Transportation Data for Q4 2023 released in Abuja on Monday, 01 April. The report showed that the figure decreased by 7.51 per cent compared with the N1.15bn generated in Q4 of 2022. Revenue from goods/cargoes ballooned by 169.16 per cent to N423.22m from N157.23m generated in the same period of the previous year. “Also, other receipts grew by 3.02 per cent from the N382.17m recorded in Q4 2022 to N393.72m recorded in Q4 2023,” it stated.

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