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FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by Lagoscooldude: 10:39am On Oct 30, 2018 |
Between January and June this year, the Federal Government generated a total amount of N1.16bn from the rail transportation system. The figure was contained in a report on the railway sector, which was prepared by the National Bureau of Statistics. The N1.16bn, according to the report, was generated from two main revenue sources. These were passengers, from whom a total amount of N849.01m was generated during period; and cargoes from which about N310.36m was earned. A breakdown of the N849.01m revenue showed that the sum of N435.96m was generated from passengers in the first quarter of this year, while the balance of N413.05m came in during the second quarter. From the transportation of cargoes, the report stated that the government generated N159.08m in the first quarter, while the second quarter recorded N151.28m as revenue. The report read in part, “Revenue generated from passengers in Q2 2018 was put at N435,965,777 as against N413,057,019 in Q1 2018. “Similarly, revenue generated from goods/cargo in Q2 2018 was put at N159,079,963 as against N151,279,394 in Q1 2018.” Further breakdown of the performance of the sector showed that 730,289 passengers travelled through the rail system in the second quarter of this year as against 748,345 passengers recorded in the first quarter. This represents a decrease of 2.41 per cent during the period under review. Similarly, the report noted that 85,816 tonnes of goods/cargoes travelled through the rail system in the second quarter as against 79,750 tonnes recorded in the first quarter. The Minister of Transportation, Rotimi Amaechi, had recently said the Federal Government was subsidising railway transportation, adding that the development was making the government to lose about N40m monthly in revenue. He stated, “We are still under pressure to have more locomotives and more coaches because more people are now using the rail. But you know typical Nigerians, they like free things. “We spend N56m per locomotive, and we get N16m. If we increase it (the fare), you will start abusing us. But you see, it is subsidised. So, the government is subsidising you.” Source: https://punchng.com/fg-earned-n1-16bn-from-rail-in-six-months-nbs/ 12 Likes |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by jumper524(m): 10:45am On Oct 30, 2018 |
no wonder Buhari led administration has been investing so much on railway projects... if pdp had take this works seriously in thier 16years rule only God knows how much we would be making by now.. 56 Likes 5 Shares |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by Tolahinges: 10:53am On Oct 30, 2018 |
Only a inidicator that Buhari is working. Diversifying the economy away from Oil dependence and reviving critical infrastructures. 24 Likes 2 Shares
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Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by ask4double(m): 10:55am On Oct 30, 2018 |
Let them can keep deceiving their gullible fools, they will surely be voted out come 2019. 23 Likes 3 Shares |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by AjalaJ(m): 10:56am On Oct 30, 2018 |
Yes, the FG earns lots of money. Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by Donmedrac: 10:56am On Oct 30, 2018 |
Buhari must die 2 Likes |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by sojayy(m): 10:56am On Oct 30, 2018 |
what about this reflected flying air nigeria .......buhari is working ! 3 Likes 1 Share
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Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by Leetee123: 10:56am On Oct 30, 2018 |
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Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by ThanosIsHere: 10:56am On Oct 30, 2018 |
Irresponsible government. When it is time to give kudos to the previous administration for reviving the railway sector they won't but when it's time to cast blame they will be as loud as a town crier. 2 Likes 2 Shares
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Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by emerged01(m): 10:57am On Oct 30, 2018 |
We need more of railway projects. PMB deserves another four years. 23 Likes 4 Shares |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by yomalex(m): 10:58am On Oct 30, 2018 |
wow this is incredible 4 Likes 2 Shares |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by Treshmike(m): 10:58am On Oct 30, 2018 |
Good one Minimum wage now sure 2 Likes |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by Nascad: 11:00am On Oct 30, 2018 |
And they keep borrowing even to fund the budget. 3 Likes |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by cejim: 11:01am On Oct 30, 2018 |
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Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by Timhigher(m): 11:02am On Oct 30, 2018 |
Na lie
Wat is evidence to prove dis 1 Like |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by seunmsg(m): 11:02am On Oct 30, 2018 |
Massive investment in infrastructure is how to grow the economy. So many jobs are created along the line while the projects initial capital is recouped over a period of time. The revenue generated so far should be reinvested in the sector until all the states in the country are connected by rail. Buhari's massive investment in the rail sector is paying off gradually. 16 Likes 1 Share |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by theoldpretender(m): 11:02am On Oct 30, 2018 |
jumper524: In fairness to PDP...they did start the railprojects...and completed some before they left power in 2015. It is very good to see APC continuing with the projects though....we need railways. 2 Likes |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by Dinho20(m): 11:03am On Oct 30, 2018 |
seunmsg: 1 Like 1 Share
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Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by bigkahuna704(m): 11:04am On Oct 30, 2018 |
Money To Be Embezzled |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by Buterflyle0: 11:06am On Oct 30, 2018 |
Nascad: Is the budget for our nation 1.16b? Some of you just love talking nonsense 14 Likes 2 Shares |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by koladebrainiac(m): 11:06am On Oct 30, 2018 |
I AM YET TO MAKE UP MY MIND BUT BUHARI SHOULD IMPRESS ME IF HE IS GOING TO GET MY VOTE 1 Like |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by Oblang(m): 11:08am On Oct 30, 2018 |
theoldpretender: Which ones were completed b4 leaving? 15 Likes 2 Shares |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by seguno2: 11:16am On Oct 30, 2018 |
jumper524: Are you sure that you know what you are talking about manutdadex: 2 Likes 1 Share |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by SignatureNG(f): 11:17am On Oct 30, 2018 |
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Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by seguno2: 11:18am On Oct 30, 2018 |
emerged01: Another four years of continuing what PDP initiated without his own projects 1 Like 1 Share |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by BedLam: 11:19am On Oct 30, 2018 |
Oblang: was it not your current minister of transportation that echoed to the whole country that he didn't know railway existed while he was riding one at that time? Maybe you should ask him na. The only new thing here is Lagos Ibadan railway which is a narrow gauge , in 2018! |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by BedLam: 11:21am On Oct 30, 2018 |
seguno2:them go hear word! These inept buffons that couldn't add a single mega watt on power are claiming to be investing in railway. 1 Like |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by emerged01(m): 11:25am On Oct 30, 2018 |
seguno2:So he should abandon all the projects because he didn't start them or he should neglect the uncompleted projects and start his own project that he may not finish? Has he done anything wrong completing the projects he met on ground? I don't understand your point o! 7 Likes 2 Shares |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by windwayltd: 11:27am On Oct 30, 2018 |
THIS IS THE ATIKU/OBI PDP I KNOW FOR 16yrs, A.K.A MONEY FINISH� (project Scammers) #PROUDLYBUHARIST�� 8 Likes 2 Shares
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Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by agboaustine: 11:30am On Oct 30, 2018 |
then why borrowing again, lies government. this present nigeria government can lies to the call |
Re: FG Earned N1.16bn From Rail In Six Months – National Bureau Of Statistics by Nobody: 11:32am On Oct 30, 2018 |
Lagoscooldude:From not moving?? Bubu should have taken a ride to kaduna... |
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