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Home News Business & Economy

2.7m Nigerians pay N5.7bn for rail transport in 2021-NBS

June 22, 2022
in Business & Economy, News
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2.7m Nigerians pay N5.7bn for rail transport in 2021-NBS
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More Nigerians are now travelling by rail as the number of rail transport passengers rose  by 166 per cent to 2.7 million while the fare paid rose by 226% to  N5.7 billion for rail transport in 2021.

The National Bureau of Statistics, NBS, disclosed this in the just released Rail Transportation Data report for 2021.
The NBS report stated that, “The rail transportation data for 2021 showed that a total of 2,714,458 passengers travelled via train compared to 1,020,368 passengers recorded in 2020, representing a 166.03% rise. 

“Similarly, a total of 168,301 tons of goods were transported in 2021 as against 87,440 recorded in 2020, showing a growth rate of 92.48%. 

“Total revenue generated from passengers in 2021 was N5.70 billion, higher by 226.44% than the N1.75 billion recorded in 2020. In addition, revenue generated from goods in 2021 amounted to N317.57 million, higher by 12.87% compared to N281.35 million in 2020. Other income receipts in 2021 stood at N66.80 million, higher than the N5.19 million recorded in the preceding year.”

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