Average Air Fare Increased by 7.34% YoY in January 2018 – NBS

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The Transport fare watch report for January 2018 covers the following categories namely 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.

Average fare paid by commuters for bus journey within the city increased by 7.31% month-on-month and 49.69% year-on-year to N183.86 in January 2018 from N171.34 in December 2017.States with highest bus journey fare within city were Abuja FCT (N380), Cross River (N303.57) and Abia (N250.00) while States with lowest bus journey fare within city were Bauchi (N96.67), Anambra (N112.67) and Borno (N120.00).

Average fare paid by commuters for bus journey intercity increased by 10.11% month-on-month and 32.09% year-on-year to N1,889.69 in January 2018 from N1,716.26 in December 2017. States with highest bus journey fare intercity were Abuja FCT (N5,625.00), Adamawa (N3,358.57) and Borno (N3,000.00) while States with lowest bus journey fare within city were Yobe (N1,150.00), Bayelsa (N1,122.73) and Katsina (N1,114.29).

Average fare paid by air passengers for specified routes single journey decreased by 0.99% month-on-month and increased 7.34% year-on-year to N33,055.01 in January 2018 from N33,386.09 in December 2017. States with highest air fare were Abuja FCT (N49,000.00), Edo (N41,000.00) and Lagos (N40,500.00) while States with lowest air fare were Osun (N25,714.89), Taraba (N26,000.00) and Nasarawa (N26,000.00).

Average fare paid by commuters for journey by motorcycle per drop increased by 6.97% month-on-month and 27.37% year-on-year to N120.01 in January 2018 from N112.19 in December 2017. States with highest journey fare by motorcycle per drop were Ondo (N200.76), Rivers (N200.12) and Bayelsa (N193.75) while states with lowest journey fare by motorcycle per drop were Bauchi (N65.00), Jigawa (N68.82) and Katsina (N70.00).

Average fare paid by passengers for water way passenger transport increased by 1.03% month-on-month and 7.65% year-on-year to N638.04 in January 2018 from N631.55 in December 2017. States with highest fare by water way passenger transport were Bayelsa (N1,962.50), Rivers (N2,100.00) and Cross Rivers (N1,877.78) while states with lowest fare by water way passenger transport were Abuja FCT (N250.00), Gombe (N180.00) and Borno (N152.00).

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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