Transport Fare Watch for May 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 increased by 0.23% in May 2023 when N649.59 was recorded relative to N648.12 in April 2023. On a year-on-year basis, the average fare paid rose by 11.66% from N581.79 in May 2022. In another category, the average fare paid by commuters for bus journey intercity per drop in May 2023 was N4,002.16, indicating an increase of 0.19% on a month-on-month basis compared to the N3,994.51 recorded in April 2023.

On a year-on-year basis, this rose by 9.09% from N3,668.64 in May 2022. In air travel, the average fare paid by air passengers for specified routes single journey increased by 0.002% on a month-on-month basis from N74,947.30 in April 2023 to N74,948.78 in May 2023. On a year -on-year basis, the fare rose by 34.06% from N55,906.86 in May 2022. The average fare paid on Okada transportation in May 2023 was N464.55, a 0.49% increase from the rate recorded in April 2023 (N462.29).

On a year-on-year basis, the fare rose by 11.30% when compared with the value in May 2022 which was N417.39. In addition, the average fare paid for water transport (waterway passenger transportation) in May 2023 stood at N1,045.15, showing an increase of 1.39% from N1,030.83 in April 2023. On a year-on-year basis, this increased by 10.99% from N941.63 in May 2022. 

Data source: National Bureau of Statistics

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