In its latest report titled, ‘Transport Fare Watch (February
2023)’, the Bureau noted that in air travel, the average fare paid by air
passengers for specified routes single journey decreased by 0.18% on a
month-on-month basis from N74,702.70 in January 2023 to N74,571.62 in February
2023.
“On a year-on-year basis, the fare rose by 66.36% from
N44,825.04 in February 2022,” the report said.
The report also said the average fare paid by commuters for
bus journeys within the city per drop decreased by 0.47% in February 2023 to
N647.66 from N650.70 in January 2023, on a year-on-year basis, the average fare
paid rose by 26.07% from N513.72 in February 2022.
In another category, the average fare paid by commuters for
bus journey intercity per drop declined to N3,990.70 in February 2023,
indicating a growth rate of -0.19% on a month-on-month basis compared to the
N3,998.42 in January 2023. On a year-on-year basis, this rose by 4.02% from
N3,836.45 in February 2022.
“The average fare paid on Okada transportation was N461.28
in February 2023, which was 1.07% lower than the rate recorded in January 2023
(N466.25).
“On a year-on-year basis, the fare rose by 21.67% when
compared with February 2022 (N379.12). In addition, the average fare paid for
water transport (waterway passenger transportation) in February 2023 stood at
N1,029.47, showing an increase of 12.74% on a year-on-year basis from N913.13
in February 2022. On a month-on-month basis, it declined by 0.33% from
N1,032.84 in January 2023,” it added.
On state profile analysis, Taraba State recorded the highest
bus journey fare within the city (per drop constant route) with N870, followed
by Bauchi with N800.00. On the other hand, Borno recorded the least average
fare with N500, followed by Anambra with N515.
For intercity bus travel (state route charged per person
fare) in February 2023, the highest fare was recorded in Abuja with N6,200.00,
followed by Adamawa with N5,725.00. The least fares were recorded in Kwara with
N2,000.00, followed by Zamfara with N2,567.00.
It said, “Kebbi recorded the highest air transport fare (for
specified routes single journeys) in February 2023 with N80,500, followed by
Bayelsa with N80,000. On the other hand, Abia recorded the least with N69,850,
followed by Niger with N70,000.00.
In February 2023, Kwara State had the highest motorcycle
transport fare with N760.00, followed by Lagos with N750.00. The least fare was
recorded in Edo with N158.00, followed by Bayelsa with N190.00. Similarly,
water transport fare in Delta was highest with N3,500.00, followed by Rivers
with N3,200.00, while the least was recorded in Borno with N360.00, followed by
Kebbi with N425.00.
Analysis of Transport fare categories by zone showed that in
February 2023, transport fares of bus journeys within the city recorded the
highest in the North-East with N698.33, followed by the South-South with
N660.58, while the South-East recorded the least with N616.88.
In terms of bus journey intercity, the South-West had the
highest fare with N4,255.83, followed by the North-East with N4,130.83, while
the North-West recorded the least with N3,816.71.
The North-East recorded the highest air transport fare in
February 2023 with N76,350.00, followed by the South-East with N75,270.00,
while the North-Central had the least with N72,357.14.
Also, commuters on Okada paid the highest fare in the
North-Central with N528.17, followed by the South-West with N518.35, while the
North-West recorded the least with N332.86.
“For water transport, the South-South had the highest fare
paid with N2,425.83, followed by the South-West with N950.00, while the
North-East had the least fare with N656.67,” the Bureau added.