Nigeria’s revenue from railway drops to N5.5bn despite increase in passengers

Revenue generated by the Federal Government from rail transportation dropped to N5.57 billion despite the increase in the number of passengers in 2022.

The National Bureau of Statistics (NBS) disclosed this in its latest railway report published on its website on Wednesday.

The figure, according to the agency, was N460 million lower than the N6.03 billion generated from rail transportation in 2021.