Travellers in Nigeria paid more for road, air and waterways transport in November 2024 when compared to the fares they paid in the corresponding month of 2023, the National Bureau of Statistics (NBS) has reported.
Available data in the Bureau’s latest ‘Transport Fare Watch for November 2024’ published on Thursday, January 17, indicated that fares for intra-city, inter-city, air and waterways transportation marginally increased year-on-year but declined month-on-month in some transportation modes used by commuters nationwide.
The report covered 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.
The statistics agency revealed that the average fare paid by commuters for bus journeys within the city per drop decreased to 0.41% from N908.15 in October 2024 to N904.47 in November 2024, and on a year-on year basis, it declined by 13.67% from N1,047.64 in November 2023.
The Bureau reported that the average fare paid by commuters for bus journey intercity per drop was N7,201.82 in November 2024, indicating an increase of 0.20% on a month-on-month basis compared to N7,187.62 in October 2024, while on a year-on-year basis, the fare rose by 16.04% from N6,206.53 in November 2023.
In air travel, the report showed that the average fare paid by air passengers for specified routes single journey was N126,146.31 in November 2024, showing a decrease of 0.12% when compared to previous month (October 2024), and that on a year-on -year basis, the fare rose by 55.10% from N81,334.05 in November 2023.
Also, the Transport Fare Watch for November 2024 indicated that the average transport fare paid on Okada transportation was N543.84 in November 2024, which showed an increase of 1.47% when compared with the value recorded in October 2024 (N535.98), and that on a year-on-year basis, the fare increased by 14.94% when compared with November 2023 (N473.13).
On water transport (waterway passenger transportation), the statistics agency reported that the average fare paid in November 2024 was N1,487.93, which indicated an increase of 0.67% on monthly basis, adding that on a year-on-year basis, it increased by 10.00% from N1,352.70 in November 2023.