Flight Fares Rose By 66.36% In One Year- NBS

The National Bureau of Statistics has stated that domestic air transport fares rose by 66.36 per cent in one year.

In its latest report titled, ‘Transport Fare Watch (February 2023)’, the Bureau noted that in air travel, the average fare paid by air passengers 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.

“On a year-on-year basis, the fare rose by 66.36% from N44,825.04 in February 2022,” the report said.

The report also said 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.

In another category, the average fare paid by commuters for bus journey intercity per drop declined to N3,990.70 in February 2023, indicating 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 rose by 4.02% from N3,836.45 in February 2022.

“The average fare paid on Okada transportation 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,” it added.