Victor Ezeja
Admin
The National Bureau of Statistics (NBS) on Tuesday, released the ’Transport Fare Watch for November 2023’ which indicated that the average airfare paid by passengers in the country rose by 61.27 per cent in 12 months.
Disclosing that the fare rose by 61.27 per cent from N73,270.27 in November 2022 on a year-on-year basis, the NBS stated that in air travel, the average fare paid by air passengers for specified routes single journey was N81,334.05 in November 2023.
Join our WhatsApp ChannelThis shows an increase of 3.24 per cent compared to the previous month (October 2023). The report also has it that on a year-on-year basis, the fare rose by 11.01 per cent from N3,848.48 in November 2022.
According to the Bureau, the average transport fare paid on Okada transportation was N473.13 in November 2023 which declined by 6.74 per cent when compared with the value recorded in October 2023 (N507.30). On a year-on-year basis, the fare rose by 3.07 per cent when compared with November 2022 (N459.02).
It said for water transport (waterway passenger transportation), the average fare paid in November 2023 decreased to N1,352.70 from N1,395.68 which indicates a decrease of -3.08 per cent monthly. On a year-on-year basis, it increased by 34.42 per cent from N1,006.33 in November 2022.
The bureau explained that Transport Fare Watch for November 2023 covers the following categories: bus journey within the city per drop constant route; bus journey intercity (state route) charge per person; air fare charge for specified routes single journey; journey by motorcycle (Okada) per drop; and water way passenger transport.
According to the report, the average fare paid by commuters for bus journeys within the city per drop declined to -6.23 per cent from N1,117.30 in October to N1,047.63 in November 2023. On a year-on-year basis, it rose by 64.44 per cent from N637.10 in November 2022.
NBS said in another category, the average fare paid by commuters for bus journey intercity per drop was N6,206.53 in November 2023, indicating an increase of 5.45 per cent on a month-on-month basis compared to N5,885.68 in October 2023.
