The rail transportation data for Q1 2021 reflected that a total of 424,460 passengers travelled via the rail system in Q1 2021 as against 647,055 passengers recorded in Q1 2020 and 134,817 in Q4 2020 representing a -34.40% decline YoY and +214.84% growth QoQ respectively.
Similarly, a total of 10,511 tons of volume of goods/cargo travelled via the rail system in Q1 2021 as against 18,484 recorded in Q1 2020 and 35,736 in Q4 2020 representing -43.13% decline YoY and -70.59% decline QoQ respectively.

Revenue generated from passengers in Q1 2021 was put at N892,467,526 as against N398,999,290 in Q4 2020. Similarly, revenue generated from goods/cargo in Q1 2021 was put at N26,195,160 as against N82,572,300 in Q4 2020.

President Buhari recently inaugurated the commercial operations of Lagos-Ibadan railway project at the Mobolaji Johnson Railway Station, Ebute Metta, Lagos, describing the feat ‘‘as another milestone in the drive of this administration to revitalize the railway system and establish it as a choice mode of transportation for both passengers and freight.’’

The president pledged that his administration would continue to prioritise the railway system as a transportation backbone that can transform industrial and economic activity in the country.

SOURCE:https://brandspurng.com/2021/06/24/93745/

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