Transport Fare Watch (September 2022)

Executive Summary

This report shows Transport Fare Watch for September 2022 covering the following categories: bus journey within the city per drop constant route; bus journey intercity, state route, a 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 commuters for bus journeys within the city per drop increases by 2.19% on a month-on-month from N602.48 in August 2022 to N615.69 in September 2022. In terms of year-on-year, however, the average fare paid by commuters for bus journeys within the city per drop rose by 41.42% from N435.36 in September 2021 to N615.69 in September 2022. In another category, the average fare paid by commuters for bus journey intercity per drop rose to N3,790.06 in September 2022 indicating an increase of 0.27% on a month-on-month compared to the value of N3,779.96 in August 2022. On a year-on-year, the fare prices rose by 44.61% from N2,620.90 in September 2021. In air travels fare, the average fare paid by air passengers for specified routes single journey, increased by 11.76% on a month-on-month from N65,041.89 in August 2022 to N72,690.54 in September 2022. On a year-on-year, the fare rose by 96.87% from N36,922.97 in September 2021. The average transport fare paid on Okada transportation was N434.73 in September 2022 which was 1.15% lower than the rate recorded in August 2022 (N439.80) on a month-on-month basis. While on a year-on-year, the fare rose by 41.79% when compared with September 2021 (N306.80). Whereas the average fare paid for water transport (waterway passenger transportation) in September 2022 increased to N980.18 showing a growth of 0.61% on a month-on-month basis, from N974.26 in August 2022. On year -on-year, the fare rose by 15.44% from N849.06 in September 2021 to N980.20 in September 2022. 

Data source: National Bureau of Statistics

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