BY BAMIDELE FAMOOFO
Transport fare in the month of November increased at least by 2% year-on-year for air passengers and 18% for those who travel by road.
Figures published by the National Bureau of Statistics today showed that the average fare paid by air passengers for specified routes single journey increased by 0.25% on a month-on-month basis from N36,932.43 in October to N37,022.97 in November 2021.
On a year-on-year basis, air fare rose by 1.99% from N36, 301.74 in November 2020 to N37, 022.97 in November 2021.
On the flipside, the average fare paid by commuters for bus journey intercity stood at N2, 644.50 in November 2021, indicating an increase of 0.38% on a month-on-month basis when compared to the value of N2, 634.46 in October 2021.
The November fare also rose by 18.02% on a year-on-year basis from N2, 240.66 in the corresponding month of the previous year to N2, 644.50 in November 2021. Similarly, the average fare paid by commuters for bus journey within the city per drop increased by 1.46% on a month-on-month basis from N440.09 in October to N 446.50 in November 2021. Nevertheless, on a year-on-year basis, the fare rose by 33.74% from N333.86 in November 2020 to N446.50 in November 2021.
The report shows transport fare for November 2021 covering the following categories: bus journey within the city per drop constant route; bus journey intercity, state route, charge per person; air fare charge for specified routes single journey; journey by motorcycle (Okada) per drop; and water way passenger transport.
