{"id":198434,"date":"2022-06-23T15:27:15","date_gmt":"2022-06-23T14:27:15","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=198434"},"modified":"2022-06-23T15:27:15","modified_gmt":"2022-06-23T14:27:15","slug":"nbs-nigerias-revenue-from-train-services-increased-by-199-to-n6-1bn-in-one-year","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/06\/23\/nbs-nigerias-revenue-from-train-services-increased-by-199-to-n6-1bn-in-one-year\/","title":{"rendered":"NBS: Nigeria\u2019s revenue from train services increased by 199% to N6.1bn in one year"},"content":{"rendered":"<p>The Nigerian Railway Corporation (NRC) has stated that it generated N6.08 billion revenue from passengers, cargo and other services in 2021.<\/p>\n<p>This was made known by the<span data-preserver-spaces=\"true\"> National Bureau of Statistics (NBS) in its latest rail transportation data for 2021.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The figure, compared to that of 2020 (N2.03 billion), shows an increase in federal government revenue from railway transport services by 199 percent in one year.<br \/>\n<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to the report, <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/05\/16\/abuja-kaduna-train-resumes-on-may-23-as-nrc-cancels-night-services\/\">NRC<\/a> generated N5.70 billion from passengers in 2021 against N1.75 billion in 2020.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Goods and cargo in 2021 generated N317.57 million, against N281.35 million in 2020, while income from other receipts stood at N66.80 million in 2021, higher than the N5.19 million recorded in the preceding year.<\/span><\/p>\n<p>According to TheCable Index,<span data-preserver-spaces=\"true\">\u00a0the corporation recorded its highest revenue from passengers in Q4 2021 with N1.91 billion and the lowest recorded in the second quarter of 2020 with N320.34 million.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It further revealed that 2.71 million passengers travelled via the rail system in 2021 against 1.02 million passengers recorded in 2020, representing a 166 percent increase.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A total of 168,301 tons of goods were also transported in 2021 compared to 87,440 recorded in 2020, showing a growth rate of 92.48 percent.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Among all categories in the report, the year 2020 (particularly Q2 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, the report added.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian Railway Corporation (NRC) has stated that it generated N6.08 billion revenue from passengers, cargo and other services in 2021. This was made known by the National Bureau of Statistics (NBS) in its latest rail transportation data for 2021. The figure, compared to that of 2020 (N2.03 billion), shows an increase in federal government [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":188332,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[16587],"tags":[12631,371,16878,8729],"class_list":["post-198434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-covid-19-lockdown","tag-fg","tag-national-bureau-of-statistics-nbs","tag-nigerian-railway-corporation-nrc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NBS: Nigeria\u2019s revenue from train services increased by 199% to N6.1bn in one year<\/title>\n<meta name=\"description\" content=\"The Nigerian Railway Corporation (NRC) has stated that it generated N6.08 billion revenue from passengers, cargo and other services in 2021.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2022\/06\/23\/nbs-nigerias-revenue-from-train-services-increased-by-199-to-n6-1bn-in-one-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBS: Nigeria\u2019s revenue from train services increased by 199% to N6.1bn in one year\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Railway Corporation (NRC) has stated that it generated N6.08 billion revenue from passengers, cargo and other services in 2021. This was made\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2022\/06\/23\/nbs-nigerias-revenue-from-train-services-increased-by-199-to-n6-1bn-in-one-year\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/SodiqAdewaleChocomilo?mibextid=ZbWKwL\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-23T14:27:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2022\/05\/ify_davies\/2022\/05\/16\/Abuja-Kaduna-train.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1023\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sodiq Lawal Chocomilo\" \/>\n<meta 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