NRC Generates N1.4bn IGR, Remits N245m to TSA in 2020-MD

By Maritime Security News

The Managing Director of Nigerian Railway Corporation (NRC), Engr. Fidets Okhiria on Friday said  that the Corporation Internally Generated stands at N1.4billion as at September 30, 2020 as against the N4.4billion projection for the year, with N245million being remitted to the TSA as at Oct.31.

Okhiria made this known at the 2021 Budget Defence to the Joint Committee of Land and Marine transport at the National Assembly in Abuja.

He said that the Covid19 pandemic affected it operations because train services were stopped which affected the IGR projection for the year 2020. 

“The Joint Committee is invited to also note that for the year 2020, the Corporation presented a separate Internally Generated Revenue & Expenditure Budget. The sum of N1,429,350,895 has been generated as at September 30, 2020 against the projection of N4,449,671,841 from our core activities, representing 32% performance. 

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