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NRC Generates N3bn In 2019, As Abuja-Kaduna Rail-line gulf N1.5bn
Ajayi Joel
Nigeria Railway Corporation has said on Friday that N3.09¹bllion was generated in the year 2019 from train service operations nationwide with N1.5billion generated from the Abuja-Kaduna rail service.
The Managing Director of NRC Engr. Fidet Okhiria, disclosed this in a statement signed by Mrs. Taiye Elebiyo-Edeni, Media Assistant to the Minister of Transportation in Abuja.
According to him, Abuja-Kaduna rail line generates about N130million monthly revenue in 2019 as against the N80million generated in the previous year’s noting that the rail line has been able to break even.
He further said that the money generated from the Abuja-Kaduna rail service was used to service other stations in the North, like the Maiduguri stations which is not functional at the moment cause of Covid19.
“The Abuja- Kaduna railway generated over N130 million Monthly revenue, with N90 million spent on running cost and payment of staff at the Maiduguri stations which could not operate for now due to insecurity in the State.
“As at 2019 train operations nationwide generated is about N3.09billion and we are targeting about N6billion when Lagos-Ibadan and Itakpe-Warri comes on board,” he said.
However, with the reduction of passengers from 80 passengers to 40 passengers per coach, would definitely affect the revenue generated for the year 2020, except if the hourly train is properly implemented.
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CSO Salutes Trump
A Civil Society Organization (CSO) under the aegis of Initiative for Leadership Development and Change (ILDC) has congratulated President Donald Trump as the 47th President of the United States of America.
Chief Ugochukwu Nnam, President of the CSO said this in an interview with the Newsmen in Abuja on Monday.
He expressed optimism over improvement on not just American economy but global economy with the inauguration of Trump.
“This is a man with greater vision of making environment around him great.
“In less than few hours of his inauguration, TikTok is back into existence, this shows how he is going to revive the world economy,” he said.
The ILDC boss who reiterated his confidence in Trump’s Presidency, described him as a man of clues and ideas to drive a stable America and the world at large.
He lauded Trump’s collaboration with global entrepreneurs like Elon Musk in an effort to revitalize America’s economy.
According to him, men and women of ideas flock together, they work together for better society and this is what Trump is doing.
Recall that Donald Trump became the 47th President of the U.S by polling 312 electoral votes Vice President Kamala Harris’ 226 votes in Nov, 2024.
Following the oath of office, Trump will address the nation before he is expected to parade across town to the White House and attend three inaugural balls in the evening
About 200,000 supporters are expected to visit the city to mark the presidential transfer of power.
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