Transportation fare across the country rose by 19.39 percent on year-on-year from N2,346.41 in January 2021 to N2,801.34 in January 2022, amid the surge in global oil price.
According to the Transport fare watch report released on Wednesday by the National Bureau of Statistics (NBS), increase was also recorded in air and water transport.
The NBS said, “transport fare for January 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. In January 2022, most of these categories of transport mention above recorded marginal increase.
“The average fare paid by air passengers for specified routes single journey increased by 0.26 percent on month-on-month from N38,253.35 in December 2021 to N38,352.19 in January 2022. On year-on-year, the fare rose by 5.18 percent from N36,463.65 in January 2021 to N38,352.19 in January 2022.
“The average fare paid by commuters for bus journey intercity stood at N2,801.36 in January 2022 indicating an increase of 0.59 percent on month-on-month when compared to the value of N2,784.92 in December 2021. The fare also rose by 19.39 percent on year-on-year from N2,346.41 in January 2021 to N2,801.34 in January 2022.
“Similarly, the average fare paid by commuters for bus journey within the city per drop increased by 1.18 percent; month-on-month from N470.83 in December 2021 to N476.39 in January 2022. Also, on a year-on-year, the average fare paid by commuters for bus journey within the city per drop rose by 35.28 percent from N352.15 in January 2021 to N476.39 in January 2022
The Bureau noted that, “in another category,, the average fare paid by commuters for journey by motorcycle per drop increased by 2.58 per-cent on month-on-month from N332.37 in December 2021 to N340.94 in January 2022. In terms of year-on-year, the fare rose by 30.11 percent from N262.03 in
January 2021 to N340.94 in January 2022.
“The average fare paid for water transport (water way passenger transportation) in January
2022 stood at N888.24 showing an increase of 0.77 percent on month-on-month from N881.48 in December 2021. On year-on-year, the fare rose by 12.98 percent from N786.19 in January 2021 to N888.24 in January 2022.
At the states level, Bayelsa recorded the highest air transport charges (for specified routes
single journey) with N40,855.94 in January 2022, followed by Benue with N40,122.72. Conversely, Kwara and Akwa Ibom had the least fare with N35,753.13 and N34,377.45 respectively.
For intercity bus travel (state route charged per person fare) in January 2022, the highest fares
were recorded in Abuja and Kaduna with N4,850.02 and N3,753.72 respectively. The least
fares were recorded in Bayelsa and Abia with N1,914.58 and N1, 864.62 respectively. In terms
of bus journey within the city (per drop constant route), Zamfara, and Bauchi States recorded
the highest fares with N720.56 and N655.08 respectively. On the other hand, Oyo State recorded N326.68 while Abia State recorded the least fares with N250.59.
In January 2022, states with the highest motorcycle transport fares were Lagos followed by
Yobe with N525.26 and N520.49 respectively. The least fares were recorded in Adamawa with
N150.56 followed by Kebbi with N178.02.
“Similarly, water transport fares were highest in Delta and Bayelsa States with N2,578.57 and
N2,567.44 respectively while the least fares were recorded in Kebbi and Borno with N395.18
and N302.63 respectively.
Looking at the zones distribution of transport fares by the categories, North-East and the South-West recorded the highest fares of air transport in January 2022 with N38,874.48 and N38,797.83 respectively, while South-East had the least with N37,861.78. In terms of bus journey intercity, the North-Central and North-West had the highest fare with N3,154.57and N3,050.21 respectively while the South-South recorded the least with N2,354.1.
“In January 2022, transport fare of bus journey within the city recorded the highest in the North-East with N520.27 followed by North-West with N515.84 while the South-East recorded the least with N394.55. Also, commuters on motorcycle (Okada) paid the highest fare in the
South-West with N385.22 followed by South-South with N384.01 while the North-West recorded the least with N226.81. South-South zone had the highest charges paid on water transport with N2,045.15 followed by South-West with N780.39, while South-East had the
least fare with N548.81.
The NBS report comes amid the rise in Global oil price, where i the commodity traded above $110 a barrel amid supply disruptions following Russia’s invasion of Ukraine.
Brent crude jumped 7.80 percent to $112.70 per barrel – up nearly $8 per barrel from Tuesday and the highest since February 2011.
West Texas Intermediate Crude futures proportionally rose 7.54 percent to $110.95 a barrel.