Only six states contributed to Nigeria’s N578m railway transport GDP in 2023, says NBS

Only six states contributed to Nigeria’s N578m railway transport GDP in 2023, says NBS


Nigeria’s railway transport sector contributed N578.75
million to the economy in 2023, with activity concentrated in six states,
according to new figures from the National Bureau of Statistics (NBS).

 

According to the states’ gross domestic product (GDP) data
on railway transport by NBS, only six states recorded contributions.

 

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.

 

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Source: Nigerianeye

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