Revenue generated from rail transport in Nigeria surged by 37.36 per cent year-on-year to N2.724 billion in the first quarter of 2025 (Q1’25), compared to N2.112 billion recorded in the same period of 2024 (Q1’24), according to the National Bureau of Statistics.
The significant rise was largely driven by higher passenger traffic, as earnings from passenger transport climbed by 37.4 per cent YoY to N1.95 billion in Q1’25, up from N1.42 billion in Q1’24.
Revenue from goods and cargo services also recorded an 8.2 per cent YoY increase, reaching N657.03 million from N607.3 million during the same period in 2024.
In its Rail Transport Data Q1 2025 report, the NBS stated: “In Q1’25, a total of 929,553 passengers travelled through the rail system, relative to 675,293 reported in the corresponding quarter of 2024, indicating a growth rate of 37.65 percent.
“The volume of goods/cargos transported stood at 181,520 tons compared to 160,650 tons recorded in Q1’24.
“In terms of revenue generation, N1.95 billion was received from passengers during the reference period, showing an increase of 37.36 percent from the N1.42 billion recorded in the same quarter of the previous year.
“Similarly, N657.03 million was received from goods/cargo conveyed, up by 8.19 percent from N607.32 million in Q1’24.
“In addition, Other receipts amounted to N115.68 million, indicating an increase of 355.39 percent in Q1’25 from the N25.40 million received in Q1’24.”
