From Isaac Anumihe, Abuja
Rail transportation generated a total of N1.49 billion revenue in the Q3 of 2023, showing an increase of 108.25 per cent from the N715.09 million recorded in the same quarter of the previous year.
Similarly, N286.78 million was collected from goods/cargos conveyed in Q3 2023, up by 181.58 er cent from N101.84 million received in Q3 2022. In addition, other receipts amounted to N119.22 million, indicating an increase of 1.05 per cent in Q3 2023 from the N117.98 million collected in Q3 2022.
Equally, in Q3 2023, a total of 594,348 passengers travelled via rail system, relative to 500,348 reported in the corresponding quarter of 2022, indicating a growth rate of 18.79 per cent. The volume of goods/cargoes transported in Q3 2023 stood at 81,963 tons, compared to 33,312 tons recorded in Q3 2022..
According to National Bureau of Statistics (NBS) Transport Fare Watch for December 2023, in the Q3 2023, the average fare paid by commuters for bus journeys within the city per drop declined to 13.83 per cent from N1,047.64 in November to N902.70 in December 2023. On a year-on year basis, it rose by 40.03 per cent from N644.66 in December 2022.
In another category, the average fare paid by commuters for bus journey intercity per drop was N7,402.16 in December 2023, indicating an increase of 19.26 per cent on a month-on-month basis compared to N6,206.53 in November 2023. On a year-on-year basis, the fare rose by 86.40 per cent from N3,971.22 in December 2022.
In air travel, the average fare paid by air passengers for specified routes single journey was N85,692.12 in December 2023, showing an increase of 5.36 per cent while compared to previous month (November 2023).
On a year-on -year basis, the fare rose by 14.87 per cent from N74,597.30 in December 2022. The average transport fare paid on Okada transportation was N419.73 in December 2023 which declined by 11.29 per cent when compared with the value recorded in November 2023 (N473.13). On a year-on-year basis, the fare declined by 9.04 per cent when compared with December 2022 (N461.45). For water transport (waterway passenger transportation), the average fare paid in December 2023 increased to N1,386.76 from N1,352.70 which indicates an increase of 2.52 per cent on monthly basis. On a year-on-year basis, it increased by 34.77 per cent from N1,029.00 in December 2022. ENDS