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Railway Services Generate N2.1bn Revenue In 6 Months
Between the first and second quarters of 2021, the Nigerian Railway Corporation has generated N2.1 billion as revenue from passengers and cargo. The National Bureau of Statistics stated this in its latest report, titled: “Rail Transportation Data Q2.” According to the report, NRC generated N1.08 billion from passengers in Q2 2021 against N892.47 million in…
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Lagos-Ibadan Railway To Generate N1.1bn Annually
An analysis by the Nigeria Railway Cooperation has said that the Federal Government will be raking in about N1.1bn yearly from the operations of the newly launched Lagos-Ibadan standard gauge railways. The Nigerian Railway Corporation currently operates two trains on the route, and each of them makes one return trip; a sum of four trips…