Airfare rises by 52.44% in 12 months

The National Bureau of Statistics (NBS) has said average airfare increased by 52.44% from N36,406.46 in April 2021 to N55,501.49 in April 2022.

It document titled: “Transport Fare Watch for April 2022,” that made this disclosure said the fare rose from N46,810.62 in March 2022 to N55,501.49 in April 2022.

“The average fare paid by air passengers for specified routes on single journey, increased by 18.57% on a month-on-month basis from N46,810.62 in March 2022 to N55,501.49 in April 2022.

“On a year-on-year basis, this rose by 52.44% from N36,409.46 in April 2021,” said NBS.

The document explained that the Transport Fare Watch for April 2022 covers the following categories: bus journey within the city per drop constant route; bus journey intercity, state route, charge per person; airfare charge for specified routes single journey; journey by motorcycle (Okada) per drop; and waterway passenger transport.

The Bureau said the average fare paid by commuters for bus journey intercity per drop rose by 8.75% from N3,270.94 in March 2022 to N3,557.15 in April 2022.

It added that however, it rose by 45.38% on a year-on-year basis from N2,446.86 in April 2021.
NBS said similarly, the average fare paid by commuters for bus journey within the city per drop, increased by 6.39% on a month-on-month basis from N536.35 in March 2022 to N570.64 in April 2022.

It said on a year-on-year basis, this rose by 47.80% from N386.10 in April 2021.
The document said “In another category, the average fare paid by commuters for journey by motorcycle per drop increased by 8.03% on a month-on-month basis from N395.12 in March 2022 to N426.84 in April 2022.

“On a year-on-year basis, the fare rose by 54.48% from N276.30 in April 2021. In addition, the average fare paid for water transport (waterway passenger transportation) increased by 5.67% on a month-on-month basis from N900.84 in March 2022 to N951.93 in April 2022. On a year-on-year basis, this rose by 16.06% from N820.23 in April 2021.”