Air Fare Rose By 18.96 Per Cent In One Year – NBS

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Naijanews April 23, 2024 5:52 p.m.

Air Fare Rose By 18.96 Per Cent In One Year – NBS

For intercity bus travel, the average fare in March 2024 was N7,152.97, which represented a 2.14% increase from the previous month and a substantial 79.17% rise from March 2023 when the average fare was N3,992.36.

Notably, the average fare for bus journeys within cities rose by 1.85% from February 2024 to March 2024, reaching N969.32, marking a significant year-on-year increase of 49.55% from N648.16 in March 2023.

The Transport Fare Watch report, which examines various categories of transportation costs, including bus journeys within cities and between states, motorcycle rides, and waterway passenger transport, noted increases across several sectors.

Naija Newsreports that this increase was detailed in the Bureau’s latest“Transport Fare Watch for March 2024”report released on Tuesday, April 23..

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