Transportation Expenses Surge by 98% Within a Month – NBS

By Kasim Isa Muhammad

Kanempress

14th August 2023

The National Bureau of Statistics reports a significant 98% increase in the cost of bus transportation within Nigerian cities in just one month.

The average fare for intra-city bus travel surged from N649.59 in May 2023 to N1,285.41 in June 2023, a rise of N636 or 98%.

The report read, “The average fare paid by commuters for bus journeys within the city per drop increased by 97.88 per cent from N649.59 in May 2023 to N1,285.41 in June 2023. On a year-on-year basis, it rose by 120.63 per cent from N582.61 in June 2022.

“In another category, the average fare paid by commuters for bus journey intercity per drop rose to N5,686.49 in June 2023, indicating an increase of 42.09 on a month-on-month basis compared to N4,002.16 in May 2023. On a year-on-year basis, the fare rose by 55.25 per cent from N3,662.87 in June 2022.”

The Transport Fare Watch report also reveals a year-on-year increase of 120.63%, with commuters paying N582.61 in June 2022.

This represents a 55.25% rise on a year-on-year basis compared to N3,662.87 in June 2022.