Transport Fare Watch for May 2022 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. The average fare paid by air passengers for specified routes single journey, increased by 0.73% on a month-on-month basis from N55,501.49 in April 2022 to N55,906.86 in May 2022. On a year-on-year basis, the fare rose by 52.95% from N36,552.70 in May 2021. Also, the average fare paid by commuters for bus journey inter-city per drop rose to N3,668.64 in May 2022, indicating an increase of 3.13% on a month-on-month basis compared to the value of N3,557.15 in April 2022. The fare, however, rose by 47.30% from N2,490.60 in May 2021.

Similarly, the average fare paid by commuters for bus journey within the city per drop, increased by 2.00% on a month-on-month basis from N570.64 in April 2022 to N582.06 in May 2022. In terms of year-on-year analysis, the average fare paid by commuters for bus journey within the city per drop rose by 45.86% from N399.06 in May 2021. In another category, the average fare paid by commuters for journey by motorcycle per drop declined by 2.21% on a month-on-month basis from N426.84 in April 2022 to N417.39 in May 2022. This was a 47.66% rise from N282.67 in May 2021 on a year-on-year basis. Furthermore, the average fare paid for water transport (waterway passenger transportation) in May 2022 dropped to N941.63 from N951.93 in April 2022, showing a decline of 1.08% on a month-on-month basis. On a year-on-year basis, the fare rose by 13.68% from N828.35 in May 2021.

Data source: National Bureau of Statistics

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