Airfares Rose By 96.87% In One Year – NBS

In one year, air transportation has increased by 96.87 per cent, according to the National Bureau of Statistics (NBS).

NBS disclosed this in a report titled, ‘transport fare watch’ (September 2022).

According to the Bureau, the average fare paid by air passengers for specified routes single journey, increased by 96.87% from N36,922.97 in September 2021 on a year-on-year basis.

NBS revealed that on a month-on-month basis, it increased by 11.76% from N65,041.89 in August 2022 to N72,690.54 in September 2022.

The data released by the statistics body has it that the average fare paid by commuters for bus journeys within the city per drop increased by 2.19% on a month-on-month from N602.48 in August 2022 to N615.69 in September 2022.

It also revealed that on a year-on-year basis, the average fare paid by commuters for bus journeys within the city per drop rose by 41.42% from N435.36 in September 2021 to N615.69 in September 2022.

In another category, the average fare paid by commuters for bus journey intercity per drop rose to N3,790.06 in September 2022 indicating an increase of 0.27% on a month-on-month compared to the value of N3,779.96 in August 2022. On a year-on-year, the fare prices rose by 44.61% from N2,620.90 in September 2021.

An analysis by Punch revealed that the average transport fare paid on Okada transportation was N434.73 in September 2022 which was 1.15% lower than the rate recorded in August 2022 (N439.80) on a month-on-month basis.

Meanwhile, on a year-on-year, the bureau noted that the fare rose by 41.79% when compared with September 2021 (N306.80).

The NBS states, “the average fare paid for water transport (waterway passenger transportation) in September 2022 increased to N980.18 showing a growth of 0.61% on a month-on-month basis, from N974.26 in August 2022. On year-on-year, the fare rose by 15.44% from N849.06 in September 2021 to N980.20 in September 2022.”