NBS says airfare rises 8.43% MoM
By Jeph Ajobaju, Chief Copy Editor
Domestic one-way airfare rose to N60,811.75 in July, the National Bureau of Statistics (NBS) has announced in its just released “Transport Fare Watch July 2022” report of the National Bureau of Statistics (NBS), but the claim is not the reality.
Travellers had seen the fare rise to an average N75,000 in July and their concern at the time that a ticket might cost N100,000 in the coming months is already being borne out.
“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 NBS said nonetheless.
Year-on-year (YoY), it added, the fare rose 65.34 per cent from 36,779.73 in July 2021.
The report covers the following categories:
- Bus journey within the city per drop, constant route
- Bus journey intercity, state route, charge per person
- Airfare charge for specified routes single journey
- Journey by motorcycle (okada) per drop
- Water way passenger transport
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Fares in road journeys
Average fare paid by commuters for bus journeys within the city per drop, increased 3.46 per cent month-on-month (MoM) from N582.61 in June to N602.77 in July, the NBS disclosed, according to reporting by The Nation.
The NBS also said
Average fare paid by commuters for bus journeys within the city per drop rose 44.76 YoY from N416.38 in July 2021 to N602.77 in July 2022.
Average fare paid by commuters for bus journey intercity per drop rose to N3,758.46 in July 2022, an increase of 2.61 per cent MoM versus N3,662.87 in June 2022.
The fare jumped 47.85 YoY from N2,542.02 in July 2021.
Average fare paid for water transport (waterway passenger transportation) in July 2022 increased to N965.82 or by 2.39 per cent MoM from N943.26 in June 2022.
It grew 15.56 per cent YoY from N835.77 in July 2021 to N965.82 in July 2022.