The National Bureau of Statistics (NBS) disclosed on Monday that on a month-on-month basis average airfare passengers paid soared by 8.43 per cent in July 2022.
This is contained in the latest “Transport Fare Watch July 2022”.
It revealed: “While the average fare paid by air passengers for specified routes single , increased by 8.43% on a month-on-month from N56,082.64 in June 2022 to N60,811.75 in July 2022.”
The report disclosed that on a year-on-year, the fare rose by 65.34 per cent from 36,779.73 in July 2021.
NBS explained that this report shows Transport Fare Watch for July 2022 covering the following categories: bus journey within the city per drop constant route; bus journey intercity, state route, charge per person; air fare charge for specified routes single journey; journey by motorcycle (Okada) per drop; and water way passenger transport.
It said also, the average fare paid by commuters for bus journeys within the city per drop, increased by 3.46 per cent on a month-on-month from N582.61 in June 2022 to N602.77 in July 2022.
According to the document, in terms of year-on-year, however, the average fare paid by commuters for bus journeys within the city per drop rose by 44.76 per cent from N416.38 in July 2021 to N602.77 in July 2022.
In another category, the average fare paid by commuters for bus journey intercity per drop rose to N3,758.46 in July 2022 indicating an increase of 2.61 per cent on a month-on-month compared to the value of N3,662.87 in June 2022.
The report noted that on a year-on-year, the fare prices rose by 47.85 per cent from N2,542.02 in July 2021.
NBS said while the average fare paid for water transport (waterway passenger transportation) in July 2022 increased to N965.82 showing a growth of 2.39 per cent on a month-on-month from N943.26 in June 2022. On year-on-year, the fare rose by 15.56 per cent from N835.77 to N965.82 in July 2022.