How Airfares Hiked By 96.87% In One Year – NBS

The National Bureau of Statistics, NBS, has disclosed that airfares rose by 96.87 per cent in one year in Nigeria.

The NBS in its report titled ‘transport fare watch’ (September 2022), stated that the average ticket for specified routes single journeys rose by 96.87% from N36,922.97 in September 2021 on a year-on-year basis.  

NBS Office

According to the bureau, on a month-on-month basis, airfares 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% on a month-on-month to N615.69 in September 2022 compared to N602.48 in August 2022.  

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Furthermore, the average Okada transportation fare was N434.73 in September 2022 which amounts to a 1.15% drop from 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

Obiajulu Joel Nwolu

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