The National Bureau of Statistics (NBS) has reported a 25 percent increase in flight fares for domestic travelers in July 2024.
NBS in its Transport Fare Watch Report for July, said domestic airfare rose from ₦78.775.74 in July 2023 to ₦98,561.74 in July 2024.
It said: “In air travel, the average fare paid by air passengers for specified routes single journey was ₦98,561.74 in July 2024, showing an increase of 9.65 percent compared to the previous month (June 2024).
“On a YoY basis, the fare rose by 25.12 percent from ₦78,775.74 in July 2023.”
The Bureau, however, indicated that the prices paid for bus, motorcycle, and waterway fares declined in the period under review.
NBS said: “The average fare paid by commuters for bus journeys within the city per drop decreased to 2.18 percent from ₦963.58 in June 2024 to ₦942.61 in July 2024. On a year-on-year basis, it declined by 29.46 percent from ₦1,336.29 in July 2023.
“In another category, the average fare paid by commuters for bus journey intercity per drop was ₦7,117.17 in July 2024, indicating an increase of 0.35 percent on a month-on-month basis compared to ₦7,092.03 in June 2024.
“The average transport fare paid on Okada transportation was ₦483.33 in July 2024 which shows an increase of 1.22 percent when compared with ₦477.49, the value recorded in June 2023.
“On a year-on-year basis, the fare decreased by 25.20 percent when compared with July 2023 (₦646.12). For water transport (waterway passenger transportation), the average fare paid in July 2024 was ₦1,403.06 which indicates a decline of 0.44 per person on a monthly basis.
“On a year-on-year basis, it decreased by 0.26 person from ₦1,406.70 in July 2023,”
On state profile analysis, the highest fare according to the Bureau was recorded in Anambra with ₦N9,566.89, followed by Gombe with ₦8,299.44 for intercity bus travel (state route charged per person fare).
The lowest fare, it noted, was recorded in Kwara with ₦5,518.38, followed by Ebonyi with ₦5,596.11.
“Taraba state recorded the highest number of bus journeys within the city (per drop constant route) in July 2024 with ₦1,457.28 followed by Ondo with ₦1,200.94
“On the other hand, Adamawa recorded the least with ₦500.00, followed by Abia with ₦505.35,” NBS added.
– Nation