Average bus fare rises 11.6% in May – NBS

The Nationwide Bureau of Statistics (NBS) has revealed an 11.6 p.c year-on-year rise within the common bus fare in Nigeria throughout Could, based on the NBS Transport Fare Watch Report for Could 2023.

The report said that the common fare paid by commuters for bus journeys throughout the metropolis per drop skilled a slight 0.23 p.c improve, reaching N649.59 in comparison with N 648.12 in April.

The NBS’ Transport Fare Look ahead to Could 2023 lined numerous transportation classes, together with bus journeys throughout the metropolis per drop, bus journeys intercity (state route) cost per individual, airfare cost for specified routes (single journey), bike (Okada) per drop, and water-way passenger transport.

Concerning bus journeys throughout the metropolis per drop, Taraba State recorded the very best fare at N870, adopted by Bauchi at N810.04. Borno had the bottom fare at N510.

For intercity bus journey (state route charged per individual fare), the very best fare was noticed in Abuja at N6,205, adopted by Adamawa at N5,725. Kwara State had the bottom fare at N2,000.

In one other class, the common fare paid for intercity bus journeys per drop in Could was N4,002, marking a 0.19 p.c improve in comparison with April’s N3,994. 12 months-on-year, bus journey fares rose by 9.09 p.c from N3,669 in Could of the earlier 12 months.

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Analyzing the statistics by zone, the Northeast had the very best transport fares for bus journeys throughout the metropolis, with a median of N703. The South-south adopted intently with N660.75, whereas the South-east had the bottom at N617.14.

For bus journeys intercity, the South-west had the very best fare at N4,257, the North-east at N4,154, and the North-west had the bottom at N3,825.

The report additionally highlighted that the common fare paid for bike transportation elevated by 0.49 p.c to N464.55 in comparison with April’s fee of N462.29. 12 months-on-year, bike fares rose by 11.30 p.c from N417.39 in Could of the earlier 12 months.

Air passengers skilled a major 34.06 p.c improve in common fare for specified routes for a single journey inside a 12 months. The fare rose from N55,906 in Could 2022 to N74,948 in Could 2023.

Kebbi State recorded the very best air transport fare for specified routes (single journeys) at N80,000, whereas Bayelsa had N79,050, and Abia had the bottom at N69,800.

By way of areas, the North-east had the very best air transport fare in Could 2023 at N77,058, adopted by the South-east at N75,350. The North-central had the bottom fare at N72,950.