Nigeria’s rail revenue drops 4% to N2.2bn in three months

Revenue generated from rail transport fell by 4.7 percent year-on-year (YoY) to N2.19 billion in the third quarter of 2024 (Q3’24), from N2.3 billion in the corresponding period of 2023, Q3’23.

The National Bureau of Statistics, NBS, disclosed this yesterday in its Rail Transportation Data for Q3’24.

The breakdown of the revenue shows N1.7 billion was received from passengers while N412.57 million was collected on goods/cargo, and N51.85 million received from the movement of goods/cargo through pipelines. It also generated N34.77 million from income line categorized as ‘Other Receipts’.

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The Bureau also said that 743,205 passengers travelled through the rail system during the period.

It stated: “In Q3’24, a total of 743,205 passengers travelled via rail system relative to 594,348 reported in the corresponding quarter of 2023, indicating a growth rate of 25.05 percent.

“The volume of goods/cargo transported via rail in Q3 2024 stood at 96,401 tons compared to 69,003 tons recorded in Q3 2023.

“In the quarter under review, the Nigerian Railway Corporation (NRC) reported an additional volume of goods/cargo transported via pipeline which stood at 7,320 tons, lower than 12,960 tons in Q3 2023.

“In terms of revenue generation, N1.7 billion was received from passengers during the reference period, showing an increase of 13.83 percent from the N1.49 billion recorded in the same quarter of the previous year”.

Nigeria’s rail revenue drops 4% to N2.2bn in three months

JUST IN: Six crew members escape unhurt as Cargo plane crash-lands in Abuja

A cargo plane operated by Allied Air made an emergency landing at Abuja’s Nnamdi Azikiwe International Airport due to a malfunctioning landing gear.

The aircraft, bearing registration number 5N-JRT, experienced the failure on Wednesday at 10:00 am with six crew members on board.

“Fortunately, no casualties were recorded,” a source familiar with the incident said.

“Crew members were quickly evacuated and are undergoing medical evaluations at the 063 Nigerian Air Force medical unit.”

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“Emergency responders swiftly secured the crash site, cordoning off the area under Military Airport Commandant supervision.”

The source revealed that the airport’s runway is temporarily closed, causing flight delays.

Airport authorities, including the Nigerian Civil Aviation Authority, are working to remove the aircraft and inspect the runway for potential damage.

This incident occurs three months after a Port Harcourt helicopter crash claimed three lives.

JUST IN: Six crew members escape unhurt as Cargo plane crash-lands in Abuja

FG stops Adeleke’s move to relocate Osun Airport to Ede

The federal government has suspended the relocation of the Osun State International Airport project from Ido-Osun to Ede, following widespread controversies and protests.

Governor Ademola Adeleke had announced that the foundation-laying ceremony for the new airport would be held on December 16, 2024, in Ede, his hometown.

The event was to feature key dignitaries, including Ministers of Works and Aviation, David Umahi and Festus Keyamo.

However, the proposed relocation drew sharp criticism.

The Ido-Osun community staged protests, condemning the move as nepotistic and undemocratic.

Critics argued that the relocation prioritised personal interest over public good.

In defence, the Osun state government cited encroachment on the Ido-Osun airport land, the presence of gullies, and the inadequacy of the runway as reasons for the decision.