The National Bureau of Statistics (NBS) reports that domestic air transport fares have risen sharply, increasing by 66.36 % over the past year. In its latest “Transport Fare Watch (February 2023)” report, the NBS notes that the average fare for a single‑journey air ticket on specified routes fell slightly month‑on‑month, from N74,702.70 in January 2023 to N74,571.62 in February 2023, a decrease of 0.18 %. However, compared with February 2022, the fare has jumped 66.36 % from N44,825.04.
For city bus travel, the average fare per drop declined by 0.47 % in February 2023, falling to N647.66 from N650.70 in January. On a year‑on‑year basis, the fare rose 26.07 % from N513.72 in February 2022. Intercity bus fares showed a modest month‑on‑month drop of 0.19 %, with the average falling to N3,990.70 in February 2023 from N3,998.42 the previous month. Year‑on‑year, intercity bus fares increased 4.02 % to N3,836.45.
Okada (motorcycle taxi) fares averaged N461.28 in February 2023, 1.07 % lower than in January. Nevertheless, the fare was 21.67 % higher than the N379.12 recorded in February 2022.
Water transport (waterway passenger transportation) averaged N1,029.47 per trip in February 2023, marking a 12.74 % increase from N913.13 in February 2022. On a month‑on‑month basis, the fare slipped 0.33 % from N1,032.84 in January 2023.
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