Latest data by the Nigerian Bureau of Statistics has revealed that the average fare paid on transportation by commuters in February 2022 increased.
The report, published in NBS website, shows Transport Fare Watch for February, 2022 covering 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 motorcycle (Okada) per drop; and water way passenger transport.
This increase could not be unconnected to the scarcity of petrol, as well as increase in the prices of diesel and jet fuel in the month under review.
According to the report: “The average fare paid by air passengers for specified routes single journey, increased by 16.88 percent on a month-on-month basis from N38,352.19 in January 2022 to N44,825.04 in February 2022. On a year-on-year basis, the fare rose by 22.95 percent (N36,458.11) in February 2021.
“The average fare paid by commuters for bus journey intercity stood at N3,106.72 in February 2022 indicating an increase of 10.90 percent on a month-on-month compared to the value of N2,801.34 in January 2022. The fare also rose by 30.93 percent (N2,372.87) year-on-year, in February 2021.
“Similarly, the average fare paid by commuters for bus journeys within the city per drop, increased by 5.00 percent on a month-on-month from N 476.39 in January 2022 to N500.20 in February 2022. Also, on a year-on-year basis, the average fare paid by commuters for bus journeys within the city per drop rose by 38.44 percent from N 361.31 in February 2021 to N500.20 in February 2022.
“In another category, the average fare paid by commuters for journeys by motorcycle per drop increased by 11.20 percent month-on-month from N340.94 in January 2022 to N379.12 in February 2022. In terms of year-on-year, the fare rose by 42.13 percent from N 266.74 in February 2021 to N379.12 in February 2022.
“The average fare paid for water transport (water way passenger transportation) in February 2022 stood at N 913.13 showing an increase of 2.80 percent month-on-month from N888.24 in January 2022. On year-on-year, the fare rose by 15.0 percent from N794.02 in February 2021 to N913.13 in February 2022.”