According to the National Bureau of Statistics, the average cost of bus travel within Nigerian cities increased from N649.59 in May 2023 to N1,285.41 in June 2023 as the pump price of Premium Motor Spirit increased.
This indicates that during a single month, the price of intra-city bus transit increased by 98%, or N636.
Figures were derived from the NBS’s June 2023 Transport Fare Watch report.
This, among other things, was reported to feature the breakdown of bus trips inside cities by drop-constant route and bus trip intercity (state route) fees per person.
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It claimed that when compared year over year, bus prices increased by 120.63% from the N582.61 that travellers paid in June 2022.
The average intercity bus price paid by commuters increased to N5,686.49 in June 2023 from N4,002.16 in May 2023, representing a monthly increase of 42.09 percent.
The report read, “The average fare paid by commuters for bus journeys within the city per drop increased by 97.88 per cent from N649.59 in May 2023 to N1,285.41 in June 2023. On a year-on-year basis, it rose by 120.63 per cent from N582.61 in June 2022.
“In another category, the average fare paid by commuters for bus journey intercity per drop rose to N5,686.49 in June 2023, indicating an increase of 42.09 on a month-on-month basis compared to N4,002.16 in May 2023. On a year-on-year basis, the fare rose by 55.25 per cent from N3,662.87 in June 2022.”
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