By Newsshelve Correspondent.
The National Bureau of Statistics (NBS) has released its Transport Fare Watch Report for July 2024, which shows a significant increase in domestic airfare in Nigeria.
The average fare paid by air passengers for specified routes single journey rose by 25.12% year-on-year (YoY) to ₦98,561.74 in July 2024 from ₦78,775.74 in July 2023.
This increase comes after the federal government announced plans to raise its tax charges, which has been met with complaints from the Airline Operators of Nigeria about multiple taxation.
Despite this, the prices paid for bus, motorcycle, and waterway journeys declined in July 2024.
The report shows that the average fare paid by commuters for bus journeys within the city per drop decreased by 2.18% from ₦963.58 in June 2024 to ₦942.61 in July 2024.
On a year-on-year basis, it declined by 29.46% from ₦1,336.29 in July 2023.
For intercity bus travel, the highest fare was recorded in Anambra with ₦9,566.89, followed by Gombe with ₦8,299.44.
The lowest fare was recorded in Kwara with ₦5,518.38, followed by Ebonyi with ₦5,596.11.
The report also shows that 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.
Adamawa recorded the least with ₦500.00, followed by Abia with ₦505.35.
The increase in airfare may be attributed to various factors, including the rise in fuel prices, operational costs, and government taxes.
However, the decline in prices for other modes of transportation may be due to increased competition, improved efficiency, and reduced operational costs.
Overall, the report highlights the dynamic nature of the transportation sector in Nigeria, with prices fluctuating based on various factors.
It also underscores the need for stakeholders to monitor trends and adjust their strategies accordingly to ensure affordability and accessibility of transportation services for the general public.
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