The Nigerian Railway Corporation (NRC) has revealed that the total revenue generated from passengers dropped by N1.48 billion in the second quarter of 2022.
While there was a decrease in revenue from passengers, the report shows that there was an increase in the revenue generated from goods and cargo.
However, analysis of the data showed that the revenue generated from goods/cargos in Q2 2022 increased to was N86.0 million, compared to N71.7 million generated in Q1. In March, the NRC suspended its Abuja-Kaduna train operations after gunmen planted explosives on the rail track and attacked passengers.In a bid to provide security and confidence to passengers, in August 2022, the federal executive council approved N718.19 million to two security outfits to protect the 45-kilometre Abuja rail tracks and stations.
Mohammed Bello, minister of the FCT, said the private security outfits will guard key infrastructure on the rail tracks, the signalling and communication equipment and the electrical system. Among all categories in the report, the year 2020 suffered the most losses and turnout of passengers due to the COVID-19 lockdown imposed by the federal government to curtail the spread of the virus across Nigeria.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Legality of penalty provisions in FIRS CBC regulations | The Guardian Nigeria News - Nigeria and World NewsThe Federal Inland Revenue Service (FIRS) Country-By-Country Regulations 2018 (CBC Regulations) is a subsidiary legislation made by the FIRS partly to give effect to the provisions of tax legislations ...
Read more »
Flour Mills records 38% revenue growthFlour Mills of Nigeria Plc has said its unaudited financial statement for half-year 2023 shows strong revenue growth across business segments, despite the challenging macroeconomic environment.
Read more »
13 passengers attempting to beat Monday sit-at-home die in Enugu auto crash | The Guardian Nigeria News - Nigeria and World NewsIt was tragic in Enugu on Sunday night, as 13 passengers travelling in a Toyota bus were burnt to death at Four-Corner Junction, Enugu South Local Council, near Enugu State metropolis.
Read more »
Flights disrupted as aviation workers lock down Lagos airport terminalEarly morning flights were suspended while passengers were left stranded as aviation workers shut down the Murtala Muhammed Airport...
Read more »
11 passengers burnt to death in bus accident in Enugu | TheCableAt least 11 passengers have been burnt to death in a bus accident in Enugu state. The incident was said to have occurred on Sunday night in the 4-Corner area
Read more »
Airlines Operations Disrupted as Union Pickets MMA2 Terminal over Sack of Members, Passengers Stranded – THISDAYLIVE
Read more »