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Domestic Airfares Increased By 66.36% In One Year – NBS
Fred Omotara, Lagos
The National Bureau of Statistics (NBS) has disclosed that domestic air transport fares increased by 66.36 per cent in the last one year.
This was contained in its latest report titled, ‘Transport Fare Watch (February 2023)’.
According to the Bureau, the average fare paid by air passengers in air travel for specified routes single journey decreased by 0.18% on a month-on-month basis from N74,702.70 in January 2023 to N74,571.62 in February 2023.
But the report said that “On a year-on-year basis, the fare rose by 66.36% from N44,825.04 in February 2022.”
Also in the report, it was disclosed that the average fare paid by commuters for bus journeys within the city per drop decreased by 0.47% in February 2023 to N647.66 from N650.70 in January 2023, on a year-on-year basis, the average fare paid rose by 26.07% from N513.72 in February 2022.
For bus journey intercity per drop, the average fare paid by commuters dropped to N3,990.70 in February 2023, marking a growth rate of -0.19% on a month-on-month basis compared to the N3,998.42 in January 2023. On a year-on-year basis, this increased by 4.02% from N3,836.45 in February 2022.
The average fare paid on Okada transportation, according to the NBS was N461.28 in February 2023, which was 1.07% lower than the rate recorded in January 2023 (N466.25).
“On a year-on-year basis, the fare rose by 21.67% when compared with February 2022 (N379.12). In addition, the average fare paid for water transport (waterway passenger transportation) in February 2023 stood at N1,029.47, showing an increase of 12.74% on a year-on-year basis from N913.13 in February 2022. On a month-on-month basis, it declined by 0.33% from N1,032.84 in January 2023,” the report added.