Nigerian Railway Corporation (NRC) generated N5.7 billion in revenue from passengers and goods in 2021 according to the National Bureau of Statistics (NBS).
The bureau revealed that the corporation earned N1.75 billion from rail transportation from passengers in 2020, noting that the 2021 revenue, represents a 226.44 per cent increase, while also adding that over 2.7 million passengers travelled by train in 2021 compared to one million recorded in 2020
NBS stressed that a total of 168,301 tonnes of goods were transported in 2021 as against 87,440 tonnes recorded in 2020, showing a growth rate of 92.48 per cent.
In addition, the report revealed the revenue generated from goods in 2021 amounted to N317.57 million, higher by 12.87 per cent compared to N281.35 million in 2020. Other income receipts in 2021 stood at N66.80 million, higher than the N5.19 million recorded in the preceding year.”