Prices Of Transport Fare Increased In April 2022

Figures form the National Bureau of Statistics has shown that the prices of transport fare within the country increased in April 2022.

NBS said this in its Transport Fare Watch for April 2022 report which covers the following categories: bus journey within the city per drop constant route; bus journey intercity, state route, charge per person; airfare charge for specified routes single journey; journey by motorcycle (Okada) per drop; and waterway passenger transport. 

According to the bureau, the average fare paid by air passengers for specified routes on a single journey, increased by 18.57% on a month-on-month basis from N46,810.62 in March 2022 to N55,501.49 in April 2022. On a year-on-year basis, this rose by 52.44% from N36,409.46 in April 2021. 

Also, the average fare paid by commuters for bus journey intercity per drop rose by 8.75% from N3,270.94 in March 2022 to N3,557.15 in April 2022. However, it rose by 45.38% on a year-on-year basis from N2,446.86 in April 2021.

Similarly, the average fare paid by commuters for bus journeys within the city per drop, increased by 6.39% on a month-on-month basis from N536.35 in March 2022 to N570.64 in April 2022. On a year-on-year basis, this rose by 47.80% from N386.10 in April 2021. 

In another category, the average fare paid by commuters for journeys by motorcycle per drop increased by 8.03% on a month-on-month basis from N395.12 in March 2022 to N426.84 in April 2022. On a year-on-year basis, the fare rose by 54.48% from N276.30 in April 2021. 

In addition, the average fare paid for water transport (waterway passenger transportation) increased by 5.67% on a month-on-month basis from N900.84 in March 2022 to N951.93 in April 2022. On a year-on-year basis, this rose by 16.06% from N820.23 in April 2021.

Kehinde Ogunyale

Reporting on the data-driven economy, and investigations.

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