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BIG STORY

NRC Recorded N3.1bn Revenue, Transported 1.4m Passengers In Six Months — NBS

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The National Bureau of Statistics (NBS) has announced that the Nigerian Railway Corporation (NRC) achieved significant milestones in the first half of 2024.

According to the NBS, the NRC successfully transported 1.4 million passengers and generated an impressive N3.11 billion in revenue during this period.

These figures, which represent the corporation’s revenue performance for the first six months of the year, were officially published in the bureau’s latest rail transportation report on Thursday.

The report reveals that the NRC’s half-year revenue represents a remarkable 66 percent increase over the corresponding period in 2023, during which the corporation generated N1.87 billion.

A breakdown of NRC’s performance revealed that in the first quarter (Q1) of 2024, 675,293 passengers travelled via the railway system, contributing N1.42 billion in revenue.

A similar number of passengers was recorded in the second quarter (Q2), leading to about N1.69 billion in revenue, the NBS said.

  • ‘Cargo Transport Revenue Surged By 221%’

In addition to the rise in passenger traffic, the bureau said the NRC moved 304,409 tonnes of goods and cargo in the first six months of the year, generating N1.14 billion in revenue.

The result was a 221 percent increase relative to the N356.49 million recorded in the same period last year.

The report further highlights that 13,940 tonnes of goods were transported via pipelines, a significant jump from the 2,856 tonnes moved in the first half of 2023.

The data body said revenue from pipeline operations also surged to N101.21 million during the period under review, up from N12.81 million in the corresponding period of the previous year.

Additionally, the NRC was said to have recorded N1.02 billion in revenue from other income receipts, a significant increase compared to the N52.91 million generated in 2023.

BIG STORY

President Tinubu Congratulates Dele Alake On 68th Birthday

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President Bola Tinubu congratulates the Minister of Solid Minerals Development, Dele Alake, on his 68th birthday.

President Tinubu celebrates his long-time ally, buddy, brother and invaluable partner for his support throughout his political journey as Senator, Governor of Lagos State, Presidential candidate and President of the Federal Republic of Nigeria.

The President says he cherishes working closely and collaboratively with Alake in more than three decades.

The President thanks Alake for his candid counseling and unwavering support, which have provided invaluable guidance during challenging times in public office.

He notes that Alake’s staying power in the various roles he has handled in his lifetime has been rooted in his honesty, passion, tact, determination and exceptional public relations.

President Tinubu is confident that the Minister will continue to uphold his high standards of excellence in service to the nation.

He joins family, friends, and well-wishers in offering prayers for Alake’s continued success and well-being.

 

 

 

 

 

 

 

 

 

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BIG STORY

Local Government Election Holds In Rivers Despite Police Absence [PHOTOS]

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The local government election in Rivers State is currently underway, notwithstanding the notable absence of police personnel to oversee the process.

Sources reveal that sensitive materials have been successfully distributed across various local government areas.

Governor Siminalayi Fubara remains resolute in his determination to conduct the election, despite escalating tensions within the state.

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BIG STORY

JUST IN: Explosion Rocks Rivers APC Secretariat As Local Government Poll Holds

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An explosion occurred at the Tony Okocha-led secretariat of the All Progressives Congress (APC) in Rivers State, located along Aba Road, Port Harcourt, on Saturday, October 5, 2024, during the local government election.

The explosion damaged the gate and doors of the secretariat, along with other property. According to Tony Okocha, Chairman of the APC faction in Rivers State, “About 3:20am some gun-trotting young men with their explosives and all that, came here and dropped the first explosive,” but when it did not detonate, “they came back the second time to burn the structure – look at the security house is gone.”

Okocha alleged that the attack was politically motivated, accusing Governor Siminalayi Fubara of responsibility. He stated, “It was deliberate to see how they can annihilate us, it is deliberate to see how they can embarrass us, it is deliberate to see how they can decimate us.”

Despite the incident, accreditation and voting have commenced in several polling centres around Port Harcourt City.

More to come…

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