The average fare paid by Nigerian commuters for a bus journey within the city increased by 79.39% year-on-year to stand at N399.06 in May 2021. This is contained in the transport fare watch report, released by the National Bureau of Statistics (NBS) for May 2021.
Also, the average fare paid by commuters for intercity bus journey increased by 1.79% month-on-month from N2446.86 in April 2021 to N2,490.6 in May 2021.
Lagos ranked second among states with the highest intercity bus journey fare with N3, 570.64 average fares, while Abuja FCT ranked first with N4,600.47 and Sokoto finished third with N3,370.24.
States with the highest bus journey fare within the city were Zamfara (N643.10), Bauchi (N599.55), and Taraba (N520.38).
On the other hand, states with the lowest bus journey fare within the city were Oyo (N202.15), Abia (N215.04), and Borno State (N269.77).
Similarly, it also increased by 38.09% year-on-year from an average of N1,803.59 in May 2020 to N2,490.6 in May 2021.
While, states with the lowest intercity bus journey fare were Bayelsa (N1,780.22), Bauchi (N1,800.06), and Enugu (N1,827.10).
The cost of air travel for specified routes (single journey) increased by 0.39% month-on-month and by 18.90% year-on-year to N36,552.70 in May 2021 from N30,743.65 in May 2020.
States with the highest airfare in the month of May 2021 were Bauchi (N38,600), Anambra, Lagos, and Rivers (N38,500), while Abuja followed with N38,000.
States with the lowest airfare were Akwa-Ibom (N32,600.00), Sokoto (N33,600.00), and Enugu (N35,400.00).
The latest figure indicates that Nigerians paid significantly higher on transport costs in May 2021 compared to the month of April 2021.
Recall that the National Bureau of Statistics released the monthly inflation report for May 2021, which reveals that the core inflation rose by 0.41% points from 12.74% recorded in April 2021 to 13.15% in May 2021.Follow us on social media