Water Transportation Fare Increases By 45%, According To NBS

The average fare paid for water transport in June 2023 rose to N1,366.22, a 44.84 per cent rise from N943.26 in June 2022, the National Bureau of Statistics (NBS) has disclosed in its latest report.

The NBS Transport Fare Watch Report noted that there was a 30.72 per cent increase on a month-on-month basis from N1,045.15 in May.

It indicated that air travel fares also recorded a slight increase, as the average fare paid by air passengers for specified routes’ single journeys rose by 4.93 per cent from N74,948.78 in May 2023 to N78,640.54 in June 2023.

On a year-on-year basis, the fare was up by 40.22 per cent from N56,082.64 in June 2022.

For motorcycle (Okada) transportation, the average fare paid per drop was N618.52 in June, indicating a 33.14 per cent dip compared to the N464.55 paid in May.

Looking back at June 2022, the fare rose by 48.34 per cent from N416.97.

“The average fare paid by commuters for bus journeys within the city per drop increased by 97.88 per cent from N649.59 in May 2023 to N1,285.41 in June 2023.

“On a year-on-year basis, it rose by 120.63 per cent from N582.61 in June 2022,” the reported stated.

In another category, the average fare paid by commuters for bus journey intercity per drop rose to N5,686.49 in June, indicating an increase of 42.09 per cent on a month-on-month basis compared to N4,002.16 in May.

It added, “On a year-on-year basis, the fare rose by 55.25 per cent from N3,662.87 in June 2022.”