Latest statistics from National Bureau of Statistics (NBS) has revealed that a total of N435.97 million was generated as revenue for passenger travel in the second quarter (Q2) of the year against N435.95 million in Q1.

The revenue rise is despite the drop by 2.41 per cent in the total number of passengers who travelled by rail transportation to 730,289 passengers in the quarter under review compared to 748,345 passengers recorded in Q1.

Compared to the 596,792 passengers recorded in Q2 of 2017, however, the rail passenger transport grew by 22.37 percent year-on-year (YoY).

Similarly, a total of 85,816 tonnes volume of goods/cargo travelled via the rail system in Q2 as against 79,750 recorded in Q1 and 18,212 in Q2 of 2017, respectively, representing 371.21 per cent growth, YoY and 7.61 per cent growth quarter-on-quarter (QoQ) basis.

Likewise, a total sum of N159.08 million was realised as revenue from goods/cargo operation in Q2 compared to against N151.28 million in Q1.

In 2017 total revenue generated from rail transport passengers was valued at N1.19 billion.

Meanwhile, the Minister of Transportation, Rotimi Amaechi, has called on China Civil Engineering and Construction Company (CCECC), the company contracted by the Federal Government to construct the $1.5 billion Lagos-Ibadan standard gauge railway project, to bring Nigerian engineers onboard the project.

The Minister, who insisted on inclusion of local engineers during the inspection of the project in Ibadan, last week, said hiring local engineers will improve local content development. 

Despite his satisfaction with the progress of the project, Amaechi urged the contractors to employ six Nigerian engineers for each of the major sites, to understudy and supervise the project.

Recall that on August 9, 2017, The Guardian had reported that the Federal Government was in breach of its own local content law in the award of the contract to CCECC with inclusion of Nigerian firms.

Apparently seeing the wisdom in including Nigerian firms in the project, the minister is therefoe making amends.

“I have instructed them to get me the list of Nigerian engineers on the project for me to know the number of local engineers on the project, and that would be when I meet with their managing director” he added. 

Meanwhile, Amaechi expressed worry about the issue of the train stations, which had to do with the issue of the design.

There was a disagreement between CCECC and the project supervisors, that CCECC did not bring the design for them to approve. 

“We have given them two weeks to turn in all the designs of all the stations; I hope that they would start building at the same time.

Some of the stations won’t take more than one or two months to complete, especially now that the rain is over, and so we are still on target. 

“To further put pressure on them, they have been told that, every time they bring a work plan, we want to juxtapose it on the achievement for that month so that we will know whether they met their target or not,” Amaechi said. 

The Minister, also insisted that the contractor, bring in more equipment to the sites, to meet up the December deadline for the project completion. 

He said: “The problem would be the launching of beams to cross, and the laying of tracks because you can’t lay tracks unless you cross the beams.

If it’s a situation where they have enough equipment that can lay tracks, they would have laid from Ibadan to Papalanto and Abeokuta. 

“They are ready to launch beam but they do not have enough needed equipment.

If they get more equipment in, they would launch more beams but if they don’t get the equipments, then we will have a problem.

“In the meeting with their Managing Director, I would also tell him that I want to see their work programme, to see if it’s possible to bring in more equipment, because the more equipment they bring in, the faster the project.”

Source: https://guardian.ng/features/rail-passengers-revenue-rises-to-n435-97-million/amp/

Sai baba

good

Great development

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See this

Only? E never even reach half billion.

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Instead of them to plan further ahead making it durable, affordable, and safe for end users in the nearest future but it's a NO

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Awon ole, they've stolen another Sowore's idea, watch the video below. Why can't put the clause to employ Nigeria engineer while negotiating the deal.


https://www.youtube.com/watch?v=I95SVy56_w4?t=355

Meanwhile, the Minister of Transportation, Rotimi Amaechi, has called on China Civil Engineering and Construction Company (CCECC), the company contracted by the Federal Government to construct the $1.5 billion Lagos-Ibadan standard gauge railway project, to bring Nigerian engineers onboard the project.

The Minister, who insisted on inclusion of local engineers during the inspection of the project in Ibadan, last week, said hiring local engineers will improve local content development.

Despite his satisfaction with the progress of the project, Amaechi urged the contractors to employ six Nigerian engineers for each of the major sites, to understudy and supervise the project.

Tnx to "freebasics". I havnt subscribed for 7months now.

Am coming back to comment

Similarly, a total of 85,816 tonnes volume of goods/cargo travelled via the rail system in Q2 as against 79,750 recorded in Q1 and 18,212 in Q2 of 2017, respectively, representing 371.21 per cent growth, YoY and 7.61 per cent growth quarter-on-quarter (QoQ) basis.

Everything is growing year on year so that's good. The quarterly declines Im not sure why. They should look to increase the cargo movement.

H

Rubbish

Nothing to celebrate still; the amount generated is still too meagre and wouldnt cover the operational costs, let alone make profits enough to pay back the loans.

How I wish these rails and trains would just be concessioned/privatised upon completion to ensure efficiency and profitability in it's operations; else the trains would just remain another government liability for which funds would still have to be pumped in from government coffers every year to ensure its survival.

Sirheny007:

enemy of progress why are you sad over this good news

Good one

Thumbs up.


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You guys should enjoy.

Buhari is a total failure. All the good things have gone bad and the bad ones have gone worse under the lifeless dullard

2dillu2:
enemy of progress why are you sad over this good news

I'm sad because i know where those monies are headed.
To some pockets....

What's up with the Chinese? They can do their own project works in speed records but on other clime it's as slow as snails, I think it high time we involve the Japanese in other projects, might be slow also but extremely durable with their designs, and our engineers should step up Pls, a consortium of good engineers in Nigeria can do this work but alas any contract in Nigeria we find it to be an avenue to get rich, the engineers and scientists commissioned by the Western world to do their infrastructures cared less than the money more than the achievement.

bluefilm:
Sai baba

Sai baba aabi jonathan? jonathan regime did 95 percnt of the work before the dullard came in

ifiokjohn:
Sai baba aabi jonathan? jonathan regime did 95 percnt of the work before the dullard came in

Okay sai jona

We are moving forward.