The National Bureau of Statistics (NBS) on Monday said on month-on-month basis average airfare that passengers paid soared by 8.43% in July 2022.
The “Transport Fare Watch July 2022” that contained this noted: “While the average fare paid by air passengers for specified routes single , increased by 8.43% on a month-on-month from N56,082.64 in June 2022 to N60,811.75 in July 2022.”
The report added that on a year-on-year, the fare rose by 65.34% from 36,779.73 in July 2021.
NBS explained that this report shows Transport Fare Watch for July 2022 covering 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.
It said also, the average fare paid by commuters for bus journeys within the city per drop, increased by 3.46% on a month-on-month from N582.61 in June 2022 to N602.77 in July 2022.
According to the document, in terms of year-on-year, however, the average fare paid by commuters for bus journeys within the city per drop rose by 44.76% from N416.38 in July 2021 to N602.77 in July 2022. In another category, the average fare paid by commuters for bus journey intercity per drop rose to N3,758.46 in July 2022 indicating an increase of 2.61% on a month-on-month compared to the value of N3,662.87 in June 2022.
The report noted that on a year-on-year, the fare prices rose by 47.85% from N2,542.02 in July 2021.
NBS said while the average fare paid for water transport (waterway passenger transportation) in July 2022 increased to N965.82 showing a growth of 2.39% on a month-on-month from N943.26 in June 2022. On year-on-year, the fare rose by 15.56% from N835.77 to N965.82 in July 2022.
