The Nigerian Railway Corporation, NRC, generated N6,071 billion in revenue from passenger, cargo transport and other income sources in 2023.
The National Bureau of Statistics, NBS, disclosed this in it recent Rail Transportation Data for Q4 2023.
This represents an 8.5 per cent increase compared to the N5,595,887,662 recorded in 2022.
According to the NBS report, NRC generated N4,426,495,760 in 2023 by transporting 2,182,388 passengers.
The figure is slightly less than the N4,546,342,056 generated from moving 3,212,948 passengers in 2022.
The report further stated that NRC generated N1,079,290,411 from transporting 317,244 tonnes of goods, significantly higher than the N441,744,944 it generated from moving 157,024 tonnes of goods in 2022.
Similarly, NRC generated N565,843,550 from non-passenger and cargo transport income sources in 2023, a slight decrease from the N607,800,662 generated in 2022.
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