Airfares Rose By 96.87% In One Year – NBS






According to the National Bureau of Statistics, air travel has surged by 96.87 percent in a single year (NBS).

In a report dubbed “transport fare watch,” NBS made this disclosure (September 2022).

The Bureau reports that, on a year-over-year basis, the average fare paid by air travellers for a single voyage on the designated itineraries grew by 96.87% from N36,922.97 in September 2021.

According to NBS, it climbed by 11.76% month over month, rising from N65,041.89 in August 2022 to N72,690.54 in September 2022.

According to information provided by the statistics body, the average fare that commuters pay for bus trips within the city climbed by 2.19% month over month, rising from N602.48 in August 2022 to N615.69 in September 2022.

The average fare paid by commuters for bus rides within the city per drop increased by 41.42% from N435.36 in September 2021 to N615.69 in September 2022, according to the data.

The average fare that commuters pay for intercity bus trips each drop increased to N3,790.06 in September 2022, representing a 0.27% month-over-month rise from the amount of N3,779.96 in August 2022. The fare rates increased by 44.61% year over year from N2,620.90 in September.

An analysis by Punch revealed that the average transport fare paid on Okada transportation was N434.73 in September 2022 which was 1.15% lower than the rate recorded in August 2022 (N439.80) on a month-on-month basis.

Meanwhile, on a year-on-year, the bureau noted that the fare rose by 41.79% when compared with September 2021 (N306.80).

The NBS states, “the average fare paid for water transport (waterway passenger transportation) in September 2022 increased to N980.18 showing a growth of 0.61% on a month-on-month basis, from N974.26 in August 2022. On year-on-year, the fare rose by 15.44% from N849.06 in September 2021 to N980.20 in September 2022.”


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