Airfares double to N73,000 officially but far higher in reality
By Jeph Ajobaju, Chief Copy Editor
Airfares have nearly doubled from N37,000 from November 2021 (M11 2021) to N73,000 (M11 2022) according to the latest report of National Bureau of Statistics (NBS) but the 97.90 per cent official rise skirts over the reality on the ground.
Tickets for one way flights lasting just one hour on most domestic carriers rose from N50,000 in March to N74,000 in October and around N150,000 in December due to high operational costs, scarcity of aviation fuel, poor airport facilities, among others.
The “Transport Fare Watch (November 2022)” of the NBS said average airfare rose from N37,022.97 in November 2021 to N73,267.57 in November 2022.
“In air travels fare, the average fare paid by air passengers for specified routes single journey, increased by 0.09 per cent on a month-on-month from N73,198.65 in October 2022 to N73,267.57 in November 2022.
“On a year-on-year [YoY], the fare rose by 97.90 per cent from N37,022.97 in November 2021,” it disclosed.
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Bus journey fares
The report also shows average fare paid by commuters for bus journeys within the city per drop increased 0.12 per cent month-on-month (MoM) from N636.30 in October 2022 to N637.10 in November, per The Nation.
Average fare paid by commuters for bus journeys within the city per drop rose 42.69 per cent from N446.50 in November 2021.
Average fare paid by commuters for bus journey intercity per drop hiked to N3,848.48 in November 2022, an increase of 0.07 per cent MoM compared to N3,845.81 in October 2022.
The fare rose 5.53 per cent from N2,644.50 in November 2021.