Increase in Rail Transport Usage Boosts Nigeria's Revenue by 53% in Q2 — NBS Report

According to the latest report from the National Bureau of Statistics (NBS), Nigeria has seen a remarkable 53% increase in revenue generated from rail transport in the second quarter of 2024. This surge is attributed to the growing acceptance of rail transport among Nigerians as a reliable and efficient means of transportation.

The NBS highlights that the increased patronage of rail services has not only enhanced revenue but also improved accessibility across various regions of the country. This shift towards rail transport is expected to reduce road congestion and contribute to environmental sustainability by lowering carbon emissions. With ongoing investments in rail infrastructure, the future looks promising for the Nigerian railway system.

As the government continues to promote rail transport as a viable option for both passengers and freight, stakeholders remain optimistic about the positive impact on the economy and overall transportation landscape.

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