Lagos, Oyo, Kaduna, Three Other States Remit N578m Railway Transport Revenue to FG – NBS

0
253

 

Only six states, out of the 36 states and the Federal Capital Territory (FCT) Abuja accounted for the N578m revenue generated in the Nigerian railway transport sector in year 2023.
The states, according to the National Bureau of Statistics (NBS) are Lagos, Delta Oyo, Kaduna, Kogi and the FCT.
The data also showed that Lagos, Oyo, Kaduna, and the federal capital territory (FCT) accounted for over three-quarters of the national railway GDP.
Lagos led with N268.31 million (46.4 percent), followed by Oyo with N63.96 million (11.1 percent), while Kaduna and FCT contributed N55.50 million each, representing 9.6 percent.
Other contributing states in 2023 are Delta, with N28.55 million (4.9 percent), and Kogi, with N28.55 million (4.9 percent).
Further analysis showed that some states that contributed in the previous year recorded zero in 2023.
The states include Yobe, Delta, Abia, Rivers, Kano, and Niger.
Many others, including Adamawa, Edo, and Taraba, had no recorded output during the year.
On June 7, Kayode Opeifa, managing director (MD) of the Nigeria Railway Corporation (NRC), said the federal government would soon announce a major railway expansion plan, with new lines connecting multiple cities nationwide.
According to Opeifa, the new railway lines will appear in more cities “than we have ever seen”.
The MD also said the government is developing rail infrastructure across regions, with plans almost ready for the south-west and progress in the south-east and north-east.

 

 


Discover more from Keeping Them Honest

Subscribe to get the latest posts sent to your email.

LEAVE A REPLY

Please enter your comment!
Please enter your name here