Transport Fare Watch for July 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 3.96% from N1,285.41 in June N1,336.29 in July 2023. On a year-on-year basis, it rose by 121.69% from N602.77 in July 2022. In another category, the average fare paid by commuters for bus journey intercity per drop rose to N5,919.49 in July 2023, indicating an increase of 4.10% on a month-on-month basis compared to N5,686.49 in June 2023. On a year-on-year basis, the fare rose by 57.50% from N3,758.46 in July 2022. In air travel, the average fare paid by air passengers for specified routes single journey increased by 0.17% from N78,640.54 in June 2023 to N78,775.74 in July 2023. On a year-on-year basis, the fare rose by 29.54% from N60,811.54 in July 2022.

The average transport fare paid on Okada transportation was N646.12 in July 2023 which was 4.46% higher than the rate recorded in June 2023 (N618.52). On a year-on-year basis, the fare rose by 48.42% when compared with July 2022 (N435.07). For water transport (waterway passenger transportation), the average fare paid in July 2023 increased to N1,406.70 from N1,366.22 which indicate an increase of 2.96% on monthly basis from June 2023. On a year-on-year basis, it increased by 45.65% from N965.82 in July 2022. 

Data source: National Bureau of Statistics

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