The average fare paid by commuters for intercity bus journeys in Nigeria surged by 78.31% year-on-year to N7,122.57 in April 2024, up from N3,994.51 in April 2023.
This data, sourced from the National Bureau of Statistics (NBS) Transport Fare Watch for April 2024, highlights the significant increase in transportation costs over the past year.
The report, recently published on the NBS website, also noted a slight month-on-month decline of 0.43%, with the average fare dropping from N7,152.97 in March 2024.
“The average fare paid by commuters for bus journey intercity per drop was N7,122.57 in April 2024, indicating a decline of 0.43% on a month-on-month basis compared to N7,152.97 in March 2024.
“On a year-on-year basis, the fare rose by 78.31% from N3,994.51 in April 2023,” the report read in part.
Furthermore, the report revealed that Anambra State had the highest average fare for intercity bus journeys, at N9,600 per trip.
- Abia and Gombe States followed, sharing the second spot with an average fare of N8,300 per trip, while Akwa Ibom State came in third at N8,250 per trip.
- On the other hand, Kwara State recorded the lowest average fare for intercity bus journeys in April 2024, with commuters paying N5,500 per trip.
- Ebonyi State was next with an average fare of N5,600 per trip, and Taraba State ranked third among the states with the lowest fares, at N6,100 per trip.
Source: Nairametrics
