BY BAMIDELE FAMOOFO
In Nigeria, due to rising cost of energy, transport fares have been on the increase as a figure released by the National Bureau of Statistics puts the year on year increase in June at 45.21 percent.
The average fare paid by commuters for bus journeys within the city per drop, increased by 0.10 percent, on a month-on-month from N582.06 in May 2022 to N582.61 in June 2022.
In terms of year-on-year, however, the average fare paid by commuters for bus journeys within the city per drop rose by 42.02 percent from N410.23 in June 2021 to N582.61 in June 2022.
The average fare paid by commuters for bus journey intercity per drop rose to N3, 662.87 in June 2022 indicating a decline of -0.16 percent on a month-on-month compared to the value of N3, 668.64 in May 2022. On a year -on-year, the fare prices rose by 45.21 percent from N2, 522.44 in June 2021.
The average fare paid by air passengers for specified routes on a single journey, increased by 0.31 percent, on a month-on-month from N55, 906.86 in May 2022 to N56, 082.64 in June 2022.
On a year-on-year basis, the fare rose by 52.97 percent (N36, 662.57) in June 2021.
In another category, the average fare paid by commuters for journeys by motorcycle per drop declined by -0.10 percent month-on-month from N417.39 in May 2022 to N416.97 in June 2022. Also, in terms of year-on-year, the fare rose by 43.20 percent from N291.18 in June 2021 to N416.97 in June 2022.
The average fare paid for water transport (waterway passenger transportation) in June 2022 increased to N943.26 showing a growth of 0.17 percent on a month-on-month from N941.63 in May 2022. On year-on-year, the fare rose by 12.80 percent from N836.23 in June 2021 to N943.26 in June 2022.
