The typical fare paid by air passengers for specified routes on a single journey was up by 20.53 per cent year-on-year to N89,975.68 in January 2024 from N74,648.65 within the corresponding interval of 2023.
That is in line with the Nationwide Bureau of Statistics Transport Fare Watch report.
The report indicated that it went up by 5 per cent month-on-month.
Additionally, it confirmed that the price of intercity bus journeys paid by commuters per drop elevated by 6.72 per cent to N963.38 in January 2024 from N902.70 in December 2023.
The bureau famous that the typical fare paid by commuters for bus journeys throughout the metropolis per drop elevated by 0.94 per cent to N650.70 in January on a month-on-month foundation from N644.66 in December 2023.
On a year-on-year foundation, it rose by 48.03 per cent from N650.80 in January 2023.
The typical fare paid by commuters for bus journey intercity per drop was N7,577.03 in January 2024, indicating a rise of two.36 per cent on a month-on-month foundation in comparison with N7,402.16 in December 2023.
The typical transport fare paid on Okada transportation was N456.22 in January 2024, which elevated by 8.69 per cent in comparison with N419.73 recorded within the prior month.
“On a year-on-year foundation, the fare declined by 2.15 per cent in comparison with January 2023 (N466.25),” the report said.
It indicated that in January 2024, waterway passenger transportation noticed a mean fare enhance to N1,402.84 from N1,386.76, marking a 1.16 per cent month-to-month rise.
12 months-on-year, it represented a 35.82 per cent enhance from N1,032.84 in January 2023.
The elimination of the petrol subsidy by President Bola Tinubu on the finish of Could 2023 has adversely affected transport fares throughout the nation.
