NRC’s revenue from passengers dropped by 63% in Q1 2023, says NBS | TheCable

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NRC’s revenue from passengers dropped by 63% in Q1 2023, says NBS | TheCable
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The National Bureau of Statistics (NBS) says the total revenue generated by the Nigerian Railway Corporation (NRC) from passengers dropped by N1.31 billion in the first quarter (Q1) of 2023.

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The latest NRC data is contained in a new report by the NBS, titled, ‘Rail Transportation Data Q1, 2023’.passengers travelled via the rail system in Q1 2023 as against 953,099 recorded in the same quarter last year.‘The rail transportation data for Q1 2023 showed that a total of 441,725 passengers travelled via the rail system in Q1 2023, lower than the 953,099 reported in the corresponding quarter of 2022, representing a growth rate of -53.65 percent,” the report said.

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