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Home Economy Macros

Bus fare in Nigeria surges by 78% YoY in February 2021

Samuel Oyekanmi by Samuel Oyekanmi
March 30, 2021
in Macros, Spotlight
Nigerian Bustop Photo by Dami Akinbode on Unsplash

Nigerian Bustop Photo by Dami Akinbode on Unsplash

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The average fare paid by commuters for a bus journey within the city increased by 78.1% year-on-year in February 2021 to stand at N361.3. This is according to the transport fare watch report, recently released by the National Bureau of Statistics (NBS).

According to the report, the fare paid by Nigerian commuters increased from an average of N208.89 recorded in February 2020 to N361.3 in February 2021. This represents a 78.1% increase in price while it also increased by 2.6% compared to N351.15 recorded in the previous month.

Meanwhile, States with the highest bus journey fare within the city were Zamfara (N620.15), Bauchi (N530.10), and Ekiti (N475.25) while States with the lowest bus journey fare within the city were Oyo (N190.45), Abia (N208.55), and Borno (N250.72).

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READ: Nigeria’s inflation rate rises to 17.33% in February 2021, highest in four years

Also, the average fare paid by commuters for bus journey intercity increased by 1.13% month-on-month and by 39.85% year-on-year to N2,372.87 in February 2021 from N2,346.41 recorded in January 2021.

READ: Transport fare watch: Motorcycle “Okada” commuters paid less in January 2021

Air travel

Average fare paid by air passengers for specified routes single journey decreased by 0.02% month-on-month and increased by 17.97% year-on-year to N36,458.11 in February 2021 from N36,463.65 recorded in the previous month.

  • States with the highest airfare in February 2021 were Delta/Lagos (N38,600), Anambra/Bayelsa (N38,500), Bauchi (N38,400).
  • On the other hand, Akwa-Ibom recorded the lowest fae in the review period (N32,500) followed by Sokoto and Gombe State with N33,600 and N35,000 respectively.

READ: Lagos says transport operators, drivers, conductors, others must get accredited

Motorcycle

The amount paid by Nigerian commuters for journey by motorcycle per drop increased by 2.86% month-on-month and by 97.68% year-on-year to N266.74 in February 2021 from N259.33 recorded in January 2021.

  • States with the highest journey fare by motorcycle per drop were Taraba (N436.20), Yobe (N425.02), and Kogi (N400.12) while states with the lowest journey fare by motorcycle per drop were Adamawa (N86.47), Katsina (N140.12), and Kebbi (N155.90).

READ: Lagos bus service limited announces 46% fare increase, to use BRT lanes

Waterways

The average fare paid by passengers for waterway passenger transport increased by 1% month-on-month and by 39.63% year-on-year to N794.02 in February 2021 from N786.19 recorded in January 2021.

  • States with the highest fare by waterway passenger transport were Rivers (N2,299.35), Delta (N2,280.33), and Bayelsa (N2,258.49) while states with the lowest fare by water way passenger transport were Borno (N240.55), Gombe (N297.23), and Abuja FCT (N340.22).

READ: Lagos Rail Mass Transit Red Line to be operational by 2022

What this means

The latest figure indicates that Nigerians are spending more on transportation despite the spike recorded in the food prices in the country, especially in the south. Nairametrics had reported that core inflation and food inflation rose to 12.38% and 21.79% respectively in February 2021.


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Tags: Air travelbus journeycommutersFeaturedInflationmotorcyleTransport Fare
Samuel Oyekanmi

Samuel Oyekanmi

For further inquiries about this article, contact: Email: samuel.oyekanmi@nairametrics.com Twitter: @OYEKANMISAMUEL Linkedln: Samuel Oyekanmi

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