According to the National Bureau of Statistics, the average fare for water transportation in August 2022 increased to N974.26, an increase of 0.87 percent from N965.82 in July 2022.
According to sources, Borno had the lowest water transport fare at N348.02, while Rivers recorded the most at N3,275.00 for Delta State.
The agency reports that from N848.36 in August 2021, water transport fares increased by 14.84% year over year.
The average fare that air travelers paid for a single trip on the routes covered in the research increased by 6.96% month over month, from N60,811.76 in July 2022 to N65,041.89 in August 2022, according to data from the report.
“On a year-on-year basis, the fare rose by 76.72% from 36,805.41 in August 2021,” NBS stated.
The average fare that commuters paid for bus rides within the city each drop, according to the NBS, fell from N602.77 in July 2022 to N602.48 in August 2022, a monthly fall of 0.05 percent.
As further stated by NBS, “On a year-on-year basis, however, the average fare paid rose by 39.92% from N430.58 in August 2021.”
According to an examination of state profiles conducted by the NBS, Taraba had the highest fare for bus travel within the city (per drop constant route) at N820.18, followed by Bauchi with N780.52 and Borno with N456.17.
In August 2022, the cost of intercity bus travel (state route charged per person fare) in Abuja was N5900.50, in Adamawa it was N5,200.72, and in Kwara it was N1,690.37.
Additionally mentioned by the bureau, “In August 2022 Delta had the highest air transport fare (for specific routes single journey) with N76,000.00, Adamawa N70,500,00, while Jigawa, Nasarawa, Osun, Niger and Gombe recorded the least with N60,000.00 each.”
The highest motorbike transport fare in August 2022 was N720.17 in Kwara State, while N660.26 was charged in Lagos. Edo recorded the lowest amount at N170.26.
Similar to this, Borno had the lowest water transport fare at N348.02, followed by Rivers with N2,900.00, and Delta State with N3,275.00.
In terms of zones, it was found that in August 2022, South-South had the highest air transport fare with N67,366.67, followed by North-East with N66,950.00. With N62,235.71, North-Central had the least.
