In the first quarter, of 2024, Nigeria spent more on servicing the debt incurred for building its railways than the revenue generated by its railway system.
The country spent 2,470% per cent more on railway debt servicing than it made from revenue from rail services in the first quarter of 2024.
Total revenue from rail services amounted to N2bn in the first quarter of 2024, according to data from the National Bureau of Statistics.
Passenger…
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