Rail service business have improved within the last six months with a total of N2.1bn generated as revenue from rail business, according to official data.
The sum of N424.5m was generated in the first quarter and N565.4m in the second quarter.
The National Bureau of Statistics disclosed this in its ‘Rail Transport Data’,
This is the highest amount raised since 2019 according to available data from the NBS.
Compared to the amount realised in the same period of 2020, N1.079bn was generated from passenger travel and cargo.
In the first half of 2019, passenger travel and cargo revenue of N1.2bn was generated in Q1 and Q2.
The figures suggest a new dawn for the Nigerian Railway Corporation after years of half dead business.
According to the NBS, passenger traffic hit 989,845 in the first half of 2021.
A breakdown shows 565,385 passengers travelled via rail in Q2, 108,238 passengers in Q1, while 42,782 tons of volume of goods/cargo travelled via the rail system in Q2 2021 as against 10,511 in Q1 2021.
But it is the lowest recorded since 2019 which is the available record on the NBS report.
This is a huge surge compared to the 788,512 recorded for passenger traffic and cargo in Q1 and Q2 of 2020.
Passenger traffic alone in the first half of 2020 was 782,4068, while the volume of goods/cargo that travelled was 27,175 tons in Q1 and Q2.
In the first half of 2019, passenger and cargo traffic was 1,606,189.
Passengers who used rails were 723,995 in the Q1, 748,345 in the Q2, while the volume of goods/cargo travelled via the rail system in Q1 was 54,099 tones and 79,750 in Q2.