424,460 Passengers Traveled Via Nigerian Rail In Q1 2021, Generates N892M – NBS

424,460 passengers traveled through the Nigerian rail in the Q1 2021, generates N892 million.

This is against the 647,055 passengers recorded in Q1 2020. 

Similarly, a total of 10,511 tons of volume of goods/cargo travelled via the rail system in Q1 2021.

This is against 18,484 cargoes ferried in Q1 2020.

The latest rail transportation data obtained from The National Bureau of Statistics (NBS) shows that a total of 424,460 passengers travelled via the rail system in Q1 2021. This is against the 647,055 passengers recorded in Q1 2020 and 134,817 in Q4 2020. This represents a -34.40% decline YoY and +214.84% growth QoQ respectively.

Similarly, a total of 10,511 tons of volume of goods/cargo travelled via the rail system in the first quarter (Q1) of 2021.

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In comparison, a total of 18,484 cargoes were ferried in Q1 2020 and 35,736 in Q4 2020. This represents a -43.13% decline YoY and -70.59% decline QoQ respectively.

Revenue generated from passengers in Q1 2021 was put at N892,467,526 as against N398,999,290 in Q4 2020. Similarly, revenue generated from goods/cargo in Q1 2021 was put at N26,195,160 as against N82,572,300 in Q4 2020.

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