National Bureau of Statistics (NBS)

NBS: Airfare rises by 61% in one year

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National Bureau of Statistics (NBS)

The National Bureau of Statistics (NBS) on Tuesday, December 26, said that average airfare paid by passengers rose by 61.27% in 12 months.

Its report titled: “Transport Fare Watch for November 2023,” which made the disclosure yesterday noted that “On a year-on-year basis, the fare rose by 61.27% from N3,848.48 in November 2022.”

The NBS added that in air travel, the average fare paid by air passengers for specified routes single journey was N81,334.05 in November 2023, showing an increase of 3.24% while compared to previous month (October 2023).

The report also said on a year-on -year basis, the fare rose by 11.01% from N73,270.27 in November 2022. 

According to the Bureau, the  average transport fare paid on Okada transportation was N473.13 in November 2023 which declined by 6.74% when compared with the value recorded in October 2023 (N507.30). On a year-on-year basis, the fare rose by 3.07% when compared with November 2022 (N459.02). 

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NBS said for water transport (waterway passenger transportation), the average fare paid in November 2023 decreased to N1,352.70 from N1,395.68 which indicates a decrease of -3.08% on monthly basis. On a year-on-year basis, it increased by 34.42% from N1,006.33 in November 2022. 

The bureau explained that Transport Fare Watch for November 2023 covers 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.

According to the report, the  average fare paid by commuters for bus journeys within the city per drop decline to -6.23% from N1,117.30 in October to N1,047.63 in November 2023. On a year-on-year basis, it rose by 64.44% from N637.10 in November 2022. 

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NBS said in another category, the average fare paid by commuters for bus journey intercity per drop was N6,206.53 in November 2023, indicating an increase of 5.45% on a month-on-month basis compared to N5,885.68 in October 2023. 

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