Nigeria's railway cargo transport is gaining momentum, with revenue growing 3,114% in 12 quarters

Nigeria's railway goods/cargo transport is experiencing a boost, with goods transported increasing from 9.1k tonnes in Q1 2021 to 160.7k tonnes in Q1 2024, representing 1,671% growth. Revenue has surged by 3,114% from ₦19m to ₦607m in the same period. Revenue has increased in eight consecutive quarters since Q2 2022.

Source:

National Bureau of Statistics

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Period:

Q1 2021 - Q1 2024

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