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NATIONAL BUREAU OF STATISTICS
The Nigerian Railway Corporation (NRC) generated N1.42 billion in revenue by transporting 675,293 passengers on federal rail lines across Nigeria in the first quarter of 2024.
Debt instruments dominate capital importation into Nigeria in the first quarter of 2024, making up 94% of inflows.
The average fares for domestic flights in Nigeria have stabilized at around N89,000, with passengers paying an average of N89,432.43 in May 2024. This represents a slight increase of 0.27% from N89,189.19 in April 2024.
The average fare for waterway transportation in Nigeria in May 2024 was N1,385.95, maintaining the same rate as the previous month.
The average fare paid by commuters for bus journeys within the city per drop increased by 0.86%, rising from N967.76 in April 2024 to N976.08 in May 2024.
At least 83% of the beneficiaries of the Nigerian government's cash transfer program, funded by an $800 million World Bank loan, are located in urban areas.
The average retail price of Premium Motor Spirit (Petrol) in Nigeria for May 2024 surged by 223.21% to N769.62 per litre, compared to N238.11 per litre in May 2023.
In the first quarter of 2024, Nigeria's air transport sector facilitated the export of commodities valued at N55.32 billion.
The cost of living continues to escalate for rural Nigerians as the latest data from the National Bureau of Statistics (NBS) shows that Rural Consumer Price Index (CPI) for food has nearly doubled over the past three years.
In March 2024, the average fare for Okada transportation per drop in Nigeria saw a modest year-on-year increase of 2.15%, reaching N472.16, up from N462.21 recorded in March 2023.
A new report from the National Bureau of Statistics (NBS) has disclosed the state of child labour across Nigeria. The report indicates that over 24 million Nigerian children are involved in child labour, with 14.3 million of these children engaged in hazardous work as of 2022.
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas, and Other Fuels (altogether referred to as ‘household bills’) has surged by 27.64% over the past year, reflecting a substantial increase as Nigerians grapple with escalating inflation rates and declining incomes.