Inter-city bus fare declined by 1.28% in June- NBS
Transport buses
Inter-city bus fare declined by 1.28% in June- NBS
Nike Popoola
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.
The National Bureau of Statistics disclosed in its report obtained by Dailyeconomy, titled, ‘Transport Fare Watch (June 2024)’, on Thursday.
It stated that, “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.”
It added that 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).
The NBS stated that, “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 indicates 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.”
