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.

Leave a Reply

Your email address will not be published. Required fields are marked *

error

Enjoy this blog? Please spread the word :)