Rail transport in Nigeria has seen notable growth in recent times, and in the third quarter of 2023, the number of passengers that used the rail system grew to 594,348, a significant increase from the 500,348 it was in the third quarter of 2022. This points to a 18.79% growth rate.
How Much Cargo Do Nigerians Transport via Rail?
Nigerians transported about 81,963 tons of cargo in the third quarter of 2023, another substantial increase from the 33,312 tons recorded in the third quarter of 2022. This sharp increment points to one thing—the growing importance of rail transport for cargo movement in Nigeria.
How Much Passenger Revenue Does Nigeria Generate via Rail Transport?
The total revenue collected from rail passengers in the third quarter of 2023, amounted to N1.49 billion, a significant increase from the N715.09 million recorded in the third quarter of 2023.
How Much Cargo Revenue Does Nigeria Generate via Rail Transport?
Cargo transport generated about N286.78 million in revenue in Q3 of 2023 alone, reflecting an impressive growth of 181.58% from the N101.84 million it was in Q3 2022.
Where Does the Data Come From?
All data cited in this report were sourced from the National Bureau of Statistics via:
