Transport Fare Watch for February 2023 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 commuters for bus journeys within the city per drop decreased by 0.47% in February 2023 to N647.66 from N650.70 in January 2023, on a year-on-year basis, the average fare paid rose by 26.07% from N513.72 in February 2022. In another category, the average fare paid by commuters for bus journey intercity per drop declined to N3,990.70 in February 2023, indicating a growth rate of - 0.19% on a month-on-month basis compared to the N3,998.42 in January 2023. On a year-on-year basis, this rose by 4.02% from N3,836.45 in February 2022.

In air travel, the average fare paid by air passengers for specified routes single journey, decreased by 0.18% on a month-on-month basis from N74,702.70 in January 2023 to N74,571.62 in February 2023. On a year-on-year basis, the fare rose by 66.36% from N44,825.04 in February 2022. The average fare paid on Okada transportation was N461.28 in February 2023, which was 1.07% lower than the rate recorded in January 2023 (N466.25). On a year-on-year basis, the fare rose by 21.67% when compared with February 2022 (N379.12). In addition, the average fare paid for water transport (waterway passenger transportation) in February 2023 stood at N1,029.47, showing an increase of 12.74% on a year-on-year basis from N913.13 in February 2022. On a month-on-month basis, it declined by 0.33% from N1,032.84 in January 2023.

Data source: National Bureau of Statistics

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