Connect with us
SSN
Advertisement
IZIKJON
Advertisement
forex
Advertisement
Stanbic IBTC
Advertisement
Binance
Advertisement
Esetech
Advertisement
Patricia
Advertisement
Fidelity ads
Advertisement
app

Hospitality & Travel

Transport Fare Watch: Commuters by bus journey intercity paid more in December 2020

NBS report indicates that commuters paid more for bus journey intercity in December 2020 than they did in November 2020.

Published

on

The average fare paid by commuters for bus journey intercity increased by 4.98% from N2,240.66 in November 2020 to N2,532.19 in December 2020, according to the National Bureau of Statistics (NBS) report for the month of December 2020.

According to the report, commuters in Abuja FCT (N4,415.73), Sokoto (N3,255.20), and Lagos (N3,250.60) paid the highest bus journey fare intercity while commuters in Bayelsa (N1,550.73), Bauchi (N1,600.70), and Akwa Ibom (N1,700.54) paid the lowest bus journey fare intercity.

Other key highlights of the report…

  • The average airfare paid by air passengers for specified routes single journey increased by 0.42% from N36,301.74 in November to N36,454.59 in December 2020.
  • Passengers from Anambra (N38,700.00), Lagos (N38,550.00), Cross River (N38,500.00) paid the highest airfare were while passengers from Akwa Ibom (N32,600.00), Sokoto (N33,500.00), and Gombe (N34,750.00) paid the lowest airfare.
  • The average fare paid by commuters for bus journeys within the city increased by 6.18% from N333.86 in November 2020 to N354.49 in December 2020, according to the National Bureau of Statistics(NBS) report for the month of December 2020.
  • Commuters in Zamfara (N600.50), Bauchi (N526.30), and Cross River (N458.07) paid the highest bus journey within the states whiles commuters in Abia (N200.50), Anambra (N242.23), and Borno (N243.12) paid the lowest bus journey fare within the city.
  • The average fare paid by commuters for journey by motorcycle per drop increased by 6.14% from N276.38 in November 2020 to N293.36 in December 2020.
  • Commuters in Niger (N1,575.70), Yobe (N397.45) and Imo (N397.42) paid the highest journey fare by motorcycle per drop while commuters in Adamawa (N80.40), Katsina (N130.25) and Kebbi (N146.25) paid the lowest journey fare by motorcycle per drop.
  • The average fare paid by passengers for waterway transport increased by 0.19% from N756.84 in November 2020 to N758.27 in December 2020.
  • Passengers in Delta (N2,300.35), Bayelsa (N2,240.00) and Rivers (N2,200.00) paid the highest fare by waterway passenger transport while passengers in Borno (N240.73), Gombe (N293.24) and Kebbi (N349.64) paid the lowest fare by water way passenger transport.

 Why this matters

Cost of transportation has been noted to account for the huge chunk of the budget for most lower/middle-class Nigerians and as well takes not less than 20% of their take-home pay packages.

The increase in transport cost for the month of December 2020 may not be unconnected with the yuletide seasons that come with an unusually high cost of goods and services.

Johnson is a risk management professional and banker with unbridled passion for research and writing. He graduated top of the class with B.sc Statistics from the University of Nigeria and an MBA degree with specialization in Finance from Ambrose Alli University Ekpoma, with fellowships from the Association of Enterprise Risk management Professionals(FERP) and Institute of Credit and Collections management of Nigeria (FICCM). He is currently pursuing his PhD in Risk management in one of the top-rated universities in the UK.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Hospitality & Travel

MMA2 imports new x-ray machines from US

MMA2, Lagos took delivery of new x-ray machines ordered by Bi-Courtney Aviation Services Limited (BASL) to upgrade its facilities.

Published

on

The Murtala Muhammed Airport, Terminal 2, Lagos has taken delivery of new x-ray machines ordered by Bi-Courtney Aviation Services Limited (BASL) to upgrade its facilities on Friday.

This was disclosed by the Group Corporate Affairs Manager of BASL, operator of MMA2, Mikail Mumuni, in a statement on Friday.

He said, “The equipment imported from the US arrived the Murtala Muhammed International Airport, Lagos Wednesday night from where they were later moved to MMA2.

”Installation of the x-ray machines and air conditioners will commence on Friday evening and that this would be completed within one week.”

The BASL spokesperson quoted the acting Head of Business of the company, Mr. Ralph Uchegbu as saying that “the installation of the new X-ray machines and air conditionals will further reinforce the status of MMA2 as the nation’s pre-eminent airport terminal in terms of customers security and comfort.”

What you should know

  • BASL recently announced that it had invested over $500,000 massive upgrading of its X-ray machines and air conditioning systems for passengers safety, security and comfort.

Continue Reading

Hospitality & Travel

FG approves reopening of Osubi Airport, Warri for daylight operations

Osubi Airport will be opened for operations in daylight in VFR conditions and observe COVID-19 protocols. 

Published

on

The Federal Government approved the reopening of Osubi Airport, Warri, Delta State for daylight operations on Monday.

This was disclosed by the Minister of Aviation, Hadi Sirika, via his Twitter handle on Monday.

According to him, the facility will be opened for operations in daylight in VFR conditions, while observing COVID-19 protocols.

READ: FG to spend N13 billion for automation projects in 4 airports

He tweeted, “I have just approved the reopening of Osubi Airport Warri, for daylight operations in Visual Flight rules (VFR) conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.”

VFR are a set of regulations under which a pilot operates an aircraft in weather conditions generally clear enough to allow the pilot to see where the aircraft is going.

READ: FG to open new Lagos International Airport Terminal in 2021

What you should know

  • The Airport, which was commissioned on 17th April 1999 by the former Minister of Aviation, Captain Briggs, is managed by the Federal Airports Authority of Nigeria (FAAN).
  • In 2020, the Federal Government, in a letter to all the aviation parastatals, had allegedly terminated the contract of Shoreline Oil Services Limited, the operator of the airport, with immediate effect, citing incompetence.
  • The facility has been a subject of controversy since it changed hands from the original owner, Shell Petroleum Development Company (SPDC), to Shoreline in partnership with the Nigeria National Petroleum Corporation (NNPC) in 2015.

Continue Reading



Advertisement





Nairametrics | Company Earnings