According to the National Bureau of Statistics, The Nigerian Rail transportation system has recorded a total number of N1.16 Billion between January and June this year.
According to the figure obtained, the Federal Government has generated the sum total of N1.16 Billion from two main revenue sources listed as;
From passengers of which a total of N894.01 Million was generated within the period and
From Cargoes of which a total amount of N310.36 Million was generated.
A further analysis on the revenue showed that the sum of N894.01 Million was earned from passengers in the first quarter of the year and the balance of N413.05 Million was generated in the second quarter.
In the Cargo transportation sector, report showed that the Federal Government earned the sum revenue of N159.08 Million in the first quarter of the year while a total revenue of N151.28 Million was earned in the second quarter.
Report also showed that the Revenue generated from passengers in the second quarter was put at N435,965,777 as against the N413,057,019 in the first quarter.
Likewise, revenue generated from Cargoes read N159,079,963 in the second quarter as against N151,279,394 in the first quarter of 2018.