SUN, AUGUST 13 2023-theGBJournal |Transport fare across all segments, Air, Land and Sea, climbed higher in June, 2023 amid wanton increases in Premium Motor Spirit (PMS) or petrol prices and Naira struggles against the Dollar.
The latest National Bureau of Statistics (NBS) report, Transport Fare Watch, 2023, shows a pattern reflects the trend since President Bola Ahmed Tinubu yanked subsidy off petrol.
According to the NBS report, the average fare paid by air passengers for specified routes’ single journey increased by 4.93% from N74,948.78 in May 2023 to N78,640.54 in June 2023. On a year-on-year basis, the fare rose by 40.22% from N56,082.64 in June 2022.
Similarly, the average fare paid by commuters for bus journeys within the city per drop increased by 97.88% from N649.59 in May 2023 to N1,285.41 in June 2023. On a year-on-year basis, it rose by 120.63% from N582.61 in June 2022.
In another category, the average fare paid by commuters for bus journey intercity per drop rose to N5,686.49 in June 2023, indicating an increase of 42.09% on a month-on-month basis compared to N4,002.16 in May 2023. On a year-on-year basis, the fare rose by 55.25% from N3,662.87 in June 2022.
On state profile analysis, Bauchi state recorded the highest bus journey within the city (per drop constant route) in June 2023 with N1,700.00, followed by Jigawa with N1,570.00.
On the other hand, Imo state recorded the least with N710.00, followed by Adamawa with N840.00.
For intercity bus travel (state route charged per person fare), the highest fare was recorded in Abuja with N8,500.00, followed by Anambra with N8,000.00. The least fare was recorded in Kwara with N3,400.00, Zamfara with N3,700.00.
Similarly, Delta recorded the highest air transport charges (for specified routes single journeys) with N87,000.00, followed by Kebbi with N83,500.00.
Conversely, Abia recorded the least fare with N70,000.00, followed by Niger with N73,000.00. Also, Lagos state had the highest motorcycle transport fare in June 2023 with N900.00, followed by Taraba with N850.00.
The least fare was recorded in Edo with N250.00, followed by Bayelsa with N300. Similarly, water transport fare was highest in Rivers with N5,000.00, followed by Bayelsa with N4,500.00, while the least fare was recorded in Borno with N450.00, followed by Kebbi and Gombe with N500.00 each.
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