Transport Fare Watch (January 2022)

Consumer Price Index

This report shows transport fare for January 2022 covering 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. In January 2022, most of these categories of transport mention above recorded marginal increase.
 
The average fare paid by air passengers for specified routes single journey increased by 0.26 percent on month-on-month from N38,253.35 in December 2021 to N38,352.19 in January 2022. On year-on-year, the fare rose by 5.18 percent from N36,463.65 in January 2021 to N38,352.19 in January 2022.
 
The average fare paid by commuters for bus journey intercity stood at N2,801.36 in January 2022 indicating an increase of 0.59 percent on month-on-month when compared to the value of N2,784.92 in December 2021. The fare also rose by 19.39 percent on year-on-year from N2,346.41 in January 2021 to N2,801.34 in January 2022.
 
Similarly, the average fare paid by commuters for bus journey within the city per drop increased by 1.18 percent; month-on-month from N470.83 in December 2021 to N476.39 in January 2022. Also, on a year-on-year, the average fare paid by commuters for bus journey within the city per drop rose by 35.28 percent from N352.15 in January 2021 to N476.39 in January 2022.

Data source: National Bureau of Statistics

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