amount spent daily on fueling the trains that operate on the Lagos-Ibadan Train Service is 135.3 per cent higher than what the Nigeria Railway Corporation earns from the sale of tickets to passengers, it was learnt on Friday.
He said this was further worsened by the hike in diesel price, which had made it tough to operate rail services in Nigeria, as the NRC was spending more than twice of its earnings from ticket sales on the purchase of diesel. “Now the supply cost for a litre of diesel is close to N1,000. At the filling stations, you get it for about N700 to N800, but if you have a supplier, he will have to put his profit margin, VAT and others, and this brings the cost to bout N1,000/litre. So, we are talking about spending almost N4m on diesel alone, when we barely make N1.7m. But we still have to provide the services on that route.”
He said, “Before passengers had the confidence that train ride was the safest, but when that incident happened, it was a big blow to the rail industry. It is now that people are trying to build back the confidence. So, the volume of passengers has reduced.
Several years, we have been languishing in suffering, hoping for a true leader that will help us rebuild our nation and provide direction. 2023 election is close-by & we must not miss this opportunity to rebuild Nigeria. Follow AGreatNigeria3 let's up uphold Nigeria together
Rotimi Amaechi come oo 😂😂
There are a lot of issues in Nigeria. We can hope a new President can help ?
Shebi we told you rail travel is expensive , but NRC wanted to price train fares like molue rides🤷🏾♀️
But mostly women lament too much even when they wrong... 😏😒🙄
lol..shey people still wan dey enter train for here
Abelcoin147