Transport Fare Watch for August 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 0.01% from N1,336.29 in July to N1,336.38 in August 2023. On a year-on-year basis, it rose by 121.81% from N602.48 in August 2022.
In another category, the average fare paid by commuters for bus journey intercity per drop decline to N5,918.18 in August 2023, indicating a decrease of 0.02% on a month-on-month basis compared to N5,919.49 in July 2023. On a year-on-year basis, the fare rose by 56.57% from N3,779.96 in August 2022. In air travel, the average fare paid by air passengers for specified routes single journey increased by 0.30% from N78,775.74 in July 2023 to N79,011.38 in August 2023. On a year-on-year basis, the fare rose by 21.48% from N65,041.89 in August 2022. The average transport fare paid on Okada transportation was N646.12 in August 2023 which was the same rate recorded in July 2023 (N646.12).
On a year-on-year basis, the fare rose by 46.91% when compared with August 2022 (N439.80). For water transport (waterway passenger transportation), the average fare paid in August 2023 increased to N1,406.74 from N1,406.70 which indicate non-significant increase of 0.00% on monthly basis from July 2023. On a year-on-year basis, it increased by 44.39% from N974.26 in August 2022.
Data source: National Bureau of Statistics