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The Nigerian Railway Corporation says it generated N6.05 billion in revenue from passengers, cargo and other services in 2023.
According to the bureau, NRC generated N4.42 billion from passengers in 2023, compared to N4.54 billion in 2022.Goods and cargo in 2023 generated N1.07 billion, against N441.7 million the year before — a 142.2 percent increase. “In Q4 2023, a total of 672,198 passengers travelled via rail system relative to 1,337,108 reported in the corresponding quarter of 2022, indicating a growth rate of -49.73%,” NBS said.
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