NBS: NRC revenue from passengers dropped by 63% in Q1 2023

The National Bureau of Statistics (NBS) has disclosed that the total revenue generated by the Nigerian Railway Corporation (NRC) from passengers dropped by N1.31 billion in the first quarter (Q1) of 2023.

The figure represents a decline of 63.02 percent relative to the corresponding quarter of 2022.

The latest NRC data is contained in a new report by the NBS, titled, ‘Rail Transportation Data Q1, 2023’.

According to the report, 441,725 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.

“In addition, 59,966 tons of goods were transported in Q1 2023, compared to 39,379 tons reported in Q1 2022.”