The National Bureau of Statistics, NBS, has said that the price of air transportation rose by 96.87 per cent in one year.
In its report titled ‘transport fare watch’ (September 2022), the Bureau stated that the average ticket for specified routes single journey rose by 96.87% from N36,922.97 in September 2021 on a year-on-year basis.
NBS said that on a month-on-month basis, it rose by 11.76% from N65,041.89 in August 2022 to N72,690.54 in September 2022.
The statistics body also revealed that the average fare paid by commuters for bus journeys within the city per drop rose by 2.19% monthly to N615.69 in September 2022 compared to N602.48 in September August 2022.
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Also, the average Okada transportation fare was N434.73 in September 2022 which amounts to 1.15% drop than the rate recorded in August 2022 (N439.80) on a month-on-month basis.
The Bureau added,” the average fare paid for water transport (waterway passenger transportation) in September 2022 increased to N980.18 showing a growth of 0.61% on a month-on-month basis, from N974.26 in August 2022. On year-on-year, the fare rose by 15.44% from N849.06 in September 2021 to N980.20 in September 2022.”
Source: Punch