June 20, 2024

NIGERIA Global News

Air Ticket Prices Rise By 34.06% In One Year For Nigerians – National Bureau Of Statistics 


The expense of air travel for Nigerians continues to rise, with average ticket costs increasing by 34.06% in the last year.


According to the most recent National Bureau of Statistics data, airfare increased from N55,906.86 in May 2022 to N74,948.78 in May 2023.


Meanwhile, commuter bus fares increased by 11.66% within the same period. These rising transportation costs cause difficulties for Nigerian visitors and commuters.


The cost of transportation 


According to the National Bureau of Statistics, it transports data encompasses bus trips inside the city per drop constant route; bus journey intercity (state route) fee per person; air fare charge for specified routes single journey; motorcycle (Okada) journey per drop; and water way passenger transport. 


“In May 2023, the average fare paid by commuters for bus journeys within the city per drop increased by 0.23% to N649.59, compared to N648.12 in April 2023.” Year on year, the average fare paid increased by 11.66% from N581.79 in May 2022.


“In another category, the average fare paid by commuters for intercity bus journeys per drop in May 2023 was N4,002.16, representing a 0.19% month-on-month increase from the N3,994.51 recorded in April 2023.”  Year on year, this increased by 9.09% from N3,668.64 in May 2022.


Air Travel 


The average fare paid by air passengers for specified routes and single travels grew by 0.002% month on month, from N74,947.30 in April 2023 to N74,948.78 in May 2023, according to NBS.  


“From N55,906.86 in May 2022, the fare increased by 34.06% year on year.” The average fare paid on Okada transportation in May 2023 was N464.55, representing a 0.49% increase over the April 2023 rate (N462.29).”


They also stated that okada fares increased by 11.30% when compared to the May 2022 figure of N417.39.  


They also stated that the average fare paid for water transport (waterway passenger transportation) in May 2023 was N1,045.15, up 1.39% from N1,030.83 in April 2023. This represents a 10.99% increase from N941.63 in May 2022. 

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