The Nigerian Railway Corporation (NRC) says it generated over N80 million monthly from the Abuja-Kaduna train service in 2018.

The Managing Director of the corporation, Mr Fidet Okhiria said the figure was higher than the N16 million generated monthly in 2017.

Mr Okhiria however said that in spite of the increase in revenue, the corporation was yet to break even as it still spends over N100million monthly as running cost.

“We are close to breaking even on the Abuja-Kaduna train, we have made progress because of the efforts we made.

“When we started, we were earning about N16 million and spending about N56 million, but right now, we can comfortably say we earn over N80 million although we still spend over N100 million, which is closer to breaking even.

“By the time we have more coaches and run more trains, I think the expenses will reduce and more patronage will come in.

“The issue we have now is that we only run passenger trains; we don’t have freight to move from Kaduna to Abuja,’’ he said.

The NRC boss attributed the high expenses to the purchase of diesel for generators at the train stations.

“If we are able to link up with some people to move freight, we will be able to break even because presently, by the time we inject power from the public power supply, I think our expenses will also come down.

“Right now, all our station is still powered by generator 24/7, we buy about 99,000 liters every months to power those generators; so, it eats deep into our expenses.

 “But by the time we are able to connect to the public power supply which we hope by this month will be done, the cost of buying diesel will drastically reduce and then, we can break even.’’

He said that in 2018, the number of train trips also increased from four to eight, adding that 10 more coaches would be deployed on the route.

Okhiria said that the goal is to run hourly train service on the route as Nigerians become more confident in the service.

 

Lateefah Ibrahim

Source: https://www.von.gov.ng/railway-corporation-generates-n80million-from-abuja-kaduna-train-service/

Slow and steady.

Sai Baba

“Right now, all our station is still powered by generator 24/7, we buy about 99,000 liters every months to power those generators

“But by the time we are able to connect to the public power supply which we hope by this month will be done

Good on them. I will compliment their efforts for once. They still need to do online ticketing. Why are these major projects not connected to the grid from the start?

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Isoright

Blue3k:



Good on them. I will compliment their efforts for ounce. They still need to do online ticketing. Why are these major projects not connected to the grid from the start.

because they are on your old rail network of the British coal trains

Good development.

In Nigeria, traveling by rail is expensive than road.

this is abuja to kaduna!
and it is run at a loss.

Steady power supply is the answer the 90 percent of our problems in Nigeria.

Thank you GEJ

If government infrastructure could generate huge amount of revenue and at the same time propel the nation towards civilization. Then why don't our government invest more? CORRUPTION!

Believe this story at your own peril

Not their kind of news, they prefer bokoharam kills 1 million nigerian soldiers.
Then the will celebrate, yet we think these people are normal

Dey coming to call it Photoshop !!

three:
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ignore ur hatred for d president n be happy with d nation progress, if u want to stay happy in it.

By the time Lagos is linked to Abuja,Porthacourt etc Nigeria will be great again.

Good

Gradually

N80m Monthly its hight time FG open the door to the investors to take-over the business

I follow Aeesha Suleiman closely. Always on point. Please vote wisely.

You suffer from low traffic? Be relevant on Google search by earning good quality backlinks I can offer

baralatie:

because they are on your old rail network of the British coal trains

Thats incorrect Abuja Kaduna rail line is a standard guage line. Its not the old British built narrow gauge.

madridguy:
Slow and steady.

Sai Baba

It's not viable cos it's political . Government shouldn't have hand in such ventures as they are drain pipes. It's not sustainable. Just to carry beggars and alimajaris.

Blue3k:


Thats incorrect Abuja Kaduna rail line is a standard guage line. Its not the old British built narrow gauge.

the standard gauge of Russia,Germany,China France,Indian which of the standard?

baralatie:

the standard gauge of Russia,Germany,China France,Indian which of the standard?

Yes Standard guage is stand gauge. Its a unit of measurement. A standard-gauge railway is a railway with a track gauge of 1,435 mm. It's the frst standard guage rail in country.

This people can lie.
Just watch as another Nigeria railway corporation will come and deny this...
Government of lies and confusion.

The bulk of that money goes to the Chinese government....NA LOAN....Same with the Lagos-Ibadan railway

Blue3k:



Good on them. I will compliment their efforts for once. They still need to do online ticketing. Why are these major projects not connected to the grid from the start?

Only the clueless Jonathan can answer that question.

Blue3k:


Yes Standard guage is stand gauge. It is the frst standard guage rail in country.

naaah!
your Nigerian railway network sterns from the British railway network design which Starts from Lagos and goes to kano to a point in sokoto(this runs on its own gauge line.then your railway link runs from Kaduna to connect another link which is Maiduguri to port Harcourt(this is another gauge)
what I am trying to say is that this rail lines are run by locomotives not electric.these rail networks are not electric power dependent but at the train stations where the offices are they run on power.
not the trains.

Realdeals:
The bulk of that money goes to the Chinese government....NA LOAN....Same with the Lagos-Ibadan railway

naaah!

Blue3k:



Good on them. I will compliment their efforts for once. They still need to do online ticketing. Why are these major projects not connected to the grid from the start?

Only the cluelesss Jonathan can answer that question.