Connect with us

Auto

Revenue from Rail Passengers in Nigeria Drops 7.5% in Q4 2023

Published

on

Rail Passengers in nigeria

By Adedapo Adesanya 

Nigeria generated N1.07 billion as revenue from rail passengers in the last quarter of 2023, a 7.51 per cent lower than the N1.15 billion generated in the same period of 2022.

According to the National Bureau of Statistics (NBS) in its Transportation Data for Q4 2023 released in Abuja on Monday, about N423.22 million was collected in Q4 2023 by the Nigerian Railway Corporation (NRC) as revenue from goods/cargos, 169.2 per cent higher than the N157.23 million received in Q4 2022.

“Also, other receipts grew by 3.02 per cent from the N382.17 million recorded in Q4 2022 to N393.72 million recorded in Q4 2023,” a part of the report further said.

It was also revealed that the number of rail transport passengers in Q4 2023 stood at 672,198, lower than the 1,337,108 recorded in Q4 2022 by 49.73 per cent, and on an annual basis, the number of rail transport passengers decreased by 32.08 per cent from 3,212,948 recorded in 2022 to 2,182,388 recorded in 2023.

The NBS said the revenue received from passengers declined by 2.64 per cent in 2023 from the N4,546,342,050 recorded in 2022 to N4,426,495,760 in 2023.

“However, the volume of cargo and revenue from cargo in 2023 increased by 102.04 per cent and 144.32 per cent respectively, compared with 2022,” the report said.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Auto

CIG Motors Sacks Executive Director Jubril Arogundade

Published

on

Jubril Arogundade jubril of lagos

By Modupe Gbadeyanka

The appointment of an Executive Director of CIG Motors, Mr Jubril Arogundade, has been terminated, a statement from the auto firm has revealed.

It was disclosed that Mr Arogundade was relieved of his duties over an alleged financial misappropriation and abuse of authority, with the matter referred to the Economic and Financial Crimes Commission (EFCC).

CIG Motors said it took the decision to fire Mr Arogundade following internal investigations that uncovered issues relating to financial misappropriation and abuse of authority.

The company said it first suspended the accused person for a comprehensive internal review and findings showed that his actions fell significantly below its governance, compliance, and ethical standards, making immediate termination necessary.

The organisation further disclosed that it is cooperating fully with the authorities, including the EFCC, as the matter progresses through the appropriate regulatory and legal channels.

CIG Motors emphasised that the action reflects a zero-tolerance stance on financial misconduct and abuse of authority, particularly at senior management level, noting that safeguarding institutional integrity and maintaining robust internal controls remain central to its operations.

The statement also clarified that CIG Motors will not engage in further public commentary on the matter, stressing that it is now before the relevant authorities. It added that operational continuity across the business remains unaffected.

The development aligns with a broader trend seen across Nigeria’s corporate and financial landscape in recent months, where several organisations have taken decisive action against senior executives following internal probes, regulatory breaches, or governance failures, a part of the statement said.

Analysts note that such actions signal growing pressure on corporate boards to strengthen oversight, enforce accountability, and demonstrate compliance with governance best practices.

CIG Motors reiterated its commitment to the highest standards of corporate governance, accountability, and transparency, assuring stakeholders that appropriate measures are in place to protect the company’s long-term stability and reputation.

Continue Reading

Auto

Anthony Joshua: FRSC Confirms Fatalities in Sagamu Road Mishap

Published

on

anthony joshua accident sagamu

By Aduragbemi Omiyale

The Federal Road Safety Corps (FRSC) has confirmed the death of two persons in a road crash that occurred at noon on Monday along the Lagos-Ibadan Expressway.

The unfortunate incident involved a Nigerian-born British boxer, Mr Anthony Joshua. His vehicle was said to have rammed into a stationary truck on the expressway, killing two people on the spot.

In a statement, the Corps Public Education Officer, Mr Olusegun Ogungbemide, an Assistant Corps Marshal, said the fatal road traffic accident specifically happened around the Sinoma area near Sagamu, Ogun State.

It involved an SUV conveying the boxer, with preliminary reports from the Ogun Sector Command indicating that Lexus vehicle may have been travelling beyond the legally prescribed speed limit on the corridor.

According to the FRSC, the driver lost control of the vehicle during an overtaking manoeuvre and crashed into the stationary truck well packed by the side of the road.

“The primary causes of the crash being excessive speed and wrongful overtaking constitute serious traffic violations and remain among the leading causes of fatal road crashes on Nigerian highways,” a part of the statement alleged.

However, FRSC operatives arrived at the scene within three minutes of notification, enabling swift rescue operations, evacuation of victims, effective traffic control, and prevention of secondary crashes.

“A total of five adult males were involved in the crash. Two persons sadly lost their lives, one sustained injuries, while two others escaped unhurt. Anthony Joshua was rescued alive and sustained minor injuries.

The injured victim was evacuated for medical attention, while the remains of the deceased were conveyed to Livewell Morgue, Ajaka, Sagamu. The Nigeria Police Motor Traffic Division (MTD) was duly notified for further investigation and necessary documentation,” another parts of the statement read.

The Corps Marshal of the FRSC, Mr Shehu Mohammed, has commiserated with the families of the deceased and wished the injured victim, Anthony Joshua a speedy recovery.

“FRSC reiterates its warning to motorists to avoid dangerous overtaking, excessive speed, and disregard for traffic regulations, particularly on high-speed corridors such as the Lagos–Ibadan Expressway. Motorists are urged to exercise patience, maintain lane discipline, and prioritise safety over haste, especially during the festive travel period.

“The public is reminded that the Corps remains resolute in its mandate to ensure safer roads, prompt emergency response, and sustained public education aimed at reducing road traffic crashes and fatalities across the country,” the statement noted.

Continue Reading

Auto

Detty December: Pernod Ricard, FRSC Launch Anti-Drunk Driving Campaign

Published

on

Pernod Ricard FRSC

By Adedapo Adesanya

Global leader in the spirits and wine industry, Pernod Ricard, in partnership with the Federal Road Safety Corps (FRSC), has launched the Don’t Drink and Drive campaign in Lagos to raise awareness about the dangers of drunk driving and promote responsible drinking habits among road users, during the Detty December festivities.

The campaign, themed Take Responsibility for Your Safety – Don’t Drink and Drive, aims to reduce road accidents and fatalities during the festive season and beyond. According to the FRSC, drunk driving remains a leading cause of road crashes in Nigeria, with Lagos State being particularly vulnerable due to its vibrant nightlife and high vehicle population.

Speaking at the launch event, the Managing Director of Pernod Ricard Nigeria, Mr Michael Ehindero, emphasized the company’s commitment to promoting responsible drinking and road safety.

“At Pernod Ricard Nigeria, we believe in encouraging responsible choices and promoting a culture of safety on our roads,” he said.

Corps Commander Kehinde G. Hamzat, Sector Commander of FRSC Lagos State, who was represented by Deputy Corps Commander Edith Eloka echoed the importance of collective responsibility in ensuring road safety. “Road safety is a shared responsibility, and we must work together to prevent crashes and save lives,” he said.

The campaign includes sensitization programs for commercial drivers, road users, and the general public, as well as collaborations with government agencies, civil society, and private sector partners to amplify the message of responsible drinking and road safety.

It is part of Pernod Ricard Nigeria’s global Sustainability & Responsibility roadmap, which aligns with the United Nations Sustainable Development Goal 3 that promotes good health and well-being, and is reflected in its global purpose statement, which states: “We are committed to being a responsible and sustainable company, creating a better tomorrow for all our stakeholders.”

The event secured 1,500 pledges from participants at the Ikeja City Mall, The Event Centre, and ABC Transport Company, with goodwill messages from stakeholders, including the National Union of Road Transport Workers (NURTW), the Ministry of Transportation, the National Drug Law Enforcement Agency (NDLEA), and the Nigerian Association of Road Transport Owners (NARTO).

While admonishing safe road usage, Corps Road Safety Commander, Mr Godwin Uweni, Head of Operations, Ikotun Unit Command FRSC, advised motorists to prioritize road safety and adhere to FRSC guidelines.

At ABC Motor Park, there was a head-to-head trivia competition with gift items and stickers with the “Don’t Drink & Drive” message to drivers, who were also encouraged to share their experiences on social media, using the branded hashtag, Don’t Drink and Drive.

Last year, the company partnered with FRSC and other stakeholders to promote road safety through the Don’t Drink and Drive campaign, and responsible drinking practices with its Drink More Water activation.

Continue Reading

Trending