Transport Fare Watch (April 2024)

Executive Summary

Transport Fare Watch for April 2024 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 motor cycle (Okada) per drop; and water way passenger transport. The average fare paid by commuters for bus journeys within the city per drop declined to 0.16% from N969.32 in March 2024 to N967.76 in April 2024.
On a year-on year basis, it rose by 49.32% from N648.12 in April 2023. In another category, the average fare paid by commuters for bus journey intercity per drop was N7,122.57 in April 2024, indicating a decline of 0.43% on a month-on-month basis compared to N7,152.97 in March 2024. On a year-on-year ba sis, the fare rose by 78.31% from N3,994.51 in April 2023. In air travel, the average fare paid by air passengers for specified routes single journey was N89,189.19 in April 2024, showing an increase of 0.25% while compared to previous month (March 2024). On a year-on -year basis, the fare rose by 19.00% from N74,947.30 in April 2023.
The average transport fare paid on Okada transportation was N476.49 in April 2024 which increased by 0.92% when compared with the value recorded in March 2024 (N472.16). On a year-on-year basis, the fare increased by 3.07% when compared with April 2023 (N462.29). For water transport (waterway passenger transportation), the average fare paid in April 2024 increased to N1,385.95 from N1,384.32 which indicates an increase of 0.12% on monthly basis. On a year-on-year basis, it increased by 34.45% from N1,030.83 in April 2023. 

Data source: National Bureau of Statistics