Nigerian commuters paid N6,206.53 in November 2023 for intercity journeys, this is 61.27 percent over the N3,848.48 they paid in November 2022 for the same journey.
This sharp rise is as a result of the removal of fuel subsidy which also resulted to the increase in fuel prices.
On a month-on-month basis, the fare increased by 5.45 percent compared to N5,885.68 in October 2023.
The National Bureau of Statistics ( NBS), which disclosed this in its
Transport Fare Watch for November 2023, however, said that the average fare paid by commuters for bus journeys within the city per drop decline to -6.23 percent from N1,117.30 in October to N1,047.63 in November 2023. On a year-on-year basis, it rose by 64.44 percent from N637.10 in November 2022.
Transport Fare Watch for November 2023 covers 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.
The report said 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 percent when compared to the previous month (October 2023).
On a year-on -year basis, the fare rose by 11.01 percent from N73,270.27 in November 2022.
It said the average transport fare paid on Okada transportation was N473.13 in November 2023 which declined by 6.74 percent when compared with the value recorded in October 2023 (N507.30). On a year-on-year basis, the fare rose by 3.07 percent when compared with November 2022 (N459.02).
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 percent on monthly basis. On a year-on-year basis, it increased by 34.42 percent from N1,006.33 in November 2022.