Nigerians pay more for transportation, as fares increase by 97.88%
The average fare paid by Nigerians for transportation by bus has increased by 97.88% from N649.59 in May 2023 to N1,285.41 in June 2023.
This was revealed in a recent statistics report release by the National Bureau of Statistics (NBS).
The hike in the transport fares has been attributed largely to the increase in the cost of Petrol following the removal of subsidy the Nigerian Federal Government.
According to the report, the average fare paid by commuters for bus journey intercity per drop rose to N5,686.49 in June 2023, indicating an increase of 42.09 per cent on a month-on-month basis compared to N4,002.16 in May 2023.
On a year-on-year basis, the fare rose by 55.25% from N3,662.87 in June 2022. In air travel, the average fare paid by air passengers for specified routes’ single journey increased by 4.93% from N74,948.78 in May 2023 to N78,640.54 in June 2023.
The average transport fare paid on Okada transportation was N618.52 in June 2023 which was 33.14 per cent higher than the rate recorded in May 2023 (N464.55). On a year-on-year basis, the fare rose by 48.34 per cent when compared with June 2022 (N416.97). For water transport (waterway passenger transportation), the average fare paid in June 2023 increased to N1,366.22 from N1,045.15 in May 2023. On a year-on-year basis, it increased by 44.84 per cent from N943.26 in June 2022.
On state profile analysis, the NBS reported that Bauchi state recorded the highest bus journey within the city (per drop constant route) in June 2023 with N1,700.00, followed by Jigawa with N1,570.00. On the other hand, Imo state recorded the least with N710.00, followed by Adamawa with N840.00. For intercity bus travel (state route charged per person fare), the highest fare was recorded in Abuja with N8,500.00, followed by Anambra with N8,000.00. The least fare was recorded in Kwara with N3,400.00, followed by Zamfara with N3,700.00.
Similarly, Delta recorded the highest air transport charges (for specified routes single journeys) with N87,000.00, followed by Kebbi with N83,500.00.
Conversely, Abia recorded the least fare with N70,000.00, followed by Niger with N73,000.00.
Lagos state recorded the highest motorcycle transport fare in June 2023 with N900.00, followed by Taraba with N850.00. The least fare was recorded in Edo with N250.00, followed by Bayelsa with N300. Similarly, water transport fare was highest in Rivers with N5,000.00, followed by Bayelsa with N4,500.00, while the least fare was recorded in Borno with N450.00, followed by Kebbi and Gombe with N500.00 each.
