Metro

NRC generated N3bn from services in 2019 -MD

Published

on


Nigeria Railway Corporation (NRC) on Friday said it generated N3.09 billion in 2019 from train service operations nationwide.


Mr Fidet Okhiria, NRC’s Managing Director in a statement signed by Mrs Taiye Elebiyo-Edeni, Media Assistant to the Minister of Transportation, said N1.5 billion of the sum came from the Abuja to Kaduna rail operations.

Okhiria said that the Abuja to Kaduna rail line generated about N130 million monthly in 2019 as against the N80 million generated in the previous year.

He further said that the money generated from the Abuja-Kaduna rail operations was used to service other stations in the Northern region, like the Maiduguri stations.

“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 about N3.09 billion and we are targeting about N6 billion when Lagos-Ibadan and Itakpe-Warri come on board,” he said.

The NRC boss, however, noted that the onset of coronavirus pandemic in the country would affect the projected revenue for 2020.

”With the reduction of passengers from 80 passengers to 40 passengers per coach, the revenue that would be generated for 2020 would definitely be affected. Except if the hourly train is properly implemented,” he added.

Edited By: Abiodun Esan/Ismail Abdulaziz (NAN)

https://nnn.ng/nrc-generated-n3bn-from-services-in-2019-md/

South Korea confirms missing official killed by North Korea- report COVID-19: Israeli PM approves stricter lockdown Parks Australia stops Google Maps users from virtually climbing sacred indigenous sites EU says Belarus’ Lukashenko not legitimate president Orji Kalu commends FG, Abia leaders for N12bn Ohafia-Arochukwu road project NAHCON to train state pilgrims board officials on hajj savings scheme Troops eliminate Boko Haram commanders, fighters in Lake Chad – DHQ COVID-19: Nigeria’s manufacturing sector contracts further DPR outlines 4 cardinal focus for downstream operations Ndidi could be out for 3 months, says Leicester’s Rodgers Bali enlists 4,400 online influencers to promote ‘new era’ of tourism S/Korea confirms missing official killed by N/Korea – Report Coming to a cinema near you: the life of UK’s Captain Tom New York’s Metropolitan Opera to remain closed for another year Venezuelan President, Maduro says United States threat to world peace Lokoja tanker explosion: FRSC boss commiserates with victims NCDC reports 111 new COVID-19 cases, total now 57,724 Tinubu commiserates Fayose over sister’s death Don urges labour leaders to shun selfish interest to earn public trust NGO to celebrate 60 outstanding Nigerians at diamond jubilee No gratification to process, effect outstanding payment – PTAD Bwari-Dutse traffic: FCTA to mobilise contractors back to site Ogun community demands king after 15 years of vacant stool  PDP calls for articulate strategies to mitigate flood  Anglican Primate wants programmes to cushion hike in petrol, electricity tariff YouTube reveals top tips of getting most of its music Edo Election: Govs. Buni, Bello meet Ize-Iyamu in Abuja LASG urges small, medium businesses to go digital Plateau teachers decry non-implementation of new minimum wage NASSI seeks more tax, levy waivers for MSMEs Oyo govt. leases Agbowo Shopping Complex, seals 50 years concession with investor United States expresses satisfaction over peaceful conduct of Edo election  CAS inaugurates 11 areospace ground equipment in Benue Engage professionals to make Nigeria work again — Chief Tola Adeniyi Lokoja Explosion: Buhari expresses concern, mourns victims Edo Guber polls: Solace from Gov. Wike paid off – Obaseki Fistula Foundation targets 50 VVF patients in free surgery in Sokoto Buhari greets ex-Abia Dep. Gov., Chris Akomas at 60 Niger Delta communities demand 13% oil, gas derivation funds LASG lists new standard operating procedures for abattoir operations — Commissioner Sweden friendly moved to Russia over virus entry restrictions Ondo poll: Don’t allow crisis to escalate among parties, INEC charges staff Baby factory, child abuse, other similar vices endemic in Enugu State — NAPTIP Court dismisses suit against Zamfara govt over dissolution of LG Chairmen NOTAP calls for more funding for research to accelerate Nigeria’s development Frank de Boer favourite to be named new Netherlands coach Ondo 2020: There is gang up against us — APC spokesman Gov. Lalong condemns murder of traditional leader in Barkin-ladi LGA APC Professionals Forum to partner NAN to achieve FG’s 9-point agenda Gov. Zulum launches 1m trees planting campaign in Borno