Transport Fare Watch for June 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 by 1.28% from N976.08 in May 2024 to N963.58 in June 2024.

On a year-on year basis, it decreased by 26.23% from N1,306.22 in June 2023. In another category, the average fare paid by commuters for bus journey intercity per drop was N7,029.23 in June 2024, indicating a decline of 0.52% on a month-on-month basis compared to N7,129.46 in May 2024. On a year-on-year basis, the fare rose by 24.72% from N5,686.49 in June 2023. In air travel, the average fare paid by air passengers for specified routes single journey was N89,886.84 in June 2024, showing an increase of 0.51% while compared to previous month (May 2024). On a year-on -year basis, the fare rose by 14.18% from N78,721.62 in June 2023.

The average transport fare paid on Okada transportation was N477.49 in June 2024 which shows an increase of 0.84% when compared with the value recorded in May 2024 (N473.51). On a year-on-year basis, the fare decreased by 22.80% when compared with June 2023 (N618.52). For water transport (waterway passenger transportation), the average fare paid in June 2024 was N1,409.33 which indi cates an increase of 1.69% when compared to the previous month (May 2024). On a year-on-year basis, it increased by 3.16% from N1,366.22 in June 2023.

Data source: National Bureau of Statistics

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