Revenue generated by the Nigerian Railway Corporation (NRC) from passengers and cargo between the first and second quarters of 2021 was N2.1 billion, the National Bureau of Statistics (NBS) has revealed in its latest report, titled: “Rail Transportation Data Q2.”
According to the report, NRC generated N1.08 billion from passengers in Q2 2021 against N892.47 million in Q1 2021, while goods and cargo in Q2 2021 generated N71.56 million against N26.19 million in Q1 2021.
Income from other receipts stood at N41 million in the last six months, the report showed.
It also indicated that the corporation recorded its highest revenue from passengers in Q2 2021 with N1.08 billion, while the lowest revenue generation from passengers was recorded in the second quarter of 2020 (Q2 2020), with N320.34 million.
A review of the report further revealed that 565,385 passengers travelled through the rail system in Q2 2021 against 108,238 passengers recorded in Q2 2020 and 424,460 in Q1 2021, representing a 422.35 per cent growth year-on-year (YoY) and 33.20 per cent quarter-on-quarter (QoQ).
From all categories, 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.
In June, the NBS had said the Nigerian Railway Corporation (NRC) generated N5.79 billion as revenue from passengers and cargo between 2019 and the first quarter of 2021 (Q1 2021).
