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Average fares declined in May –NBS

By Prince Okafor

THE average fare paid by commuters for bus journey within cities in the country decreased by 2.72 percent month-on-month and increased by 48.78 percent year-on-year to N131.00 in May 2017 as against N134.66 in April 2017. The National Bureau of Statistic, NBS, disclosed this in its transport fare watch report for May 2017 released yesterday.

The report covers the following categories: bus journey within the city per drop constant route; bus journey intercity, state route, charge per person; air fare charge for specified routes single journey; journey by motorcycle (Okada) per drop; and water way passenger transport.

According to the report the states with highest bus journey fare within city in May 2017 were Abuja (N250.00), Katsina (N212.82) and Cross River (N211.82) while States with lowest bus journey fare within city in May 2017 were Enugu (N79.55), Yobe (N75.00) and Borno (N58.57). It stated that the average fare paid by commuters for bus journey intercity decreased by 1.39 percent month-on-month and increased by 33.96 percent year-on-year to N1, 565 in May 2017 from N1, 587.04 in April 2017. “States with highest bus journey within the city in May 2017 were Abuja (N4, 833.33), Adamawa (N3,266.67) and Niger (N2,388.89) while States with lowest bus journey fare within the city in May 2017 were Kano (N875.00), Katsina (N900.00) and Jigawa (N995.45).

“Also, average fare paid by air passengers for specified routes single journey increased by 2.76 percent month-on-month and by 35.62 percent year-on-year to N31,651.79 in May 2017 from N30,803.03 in April 2017.”

The statistical agency further noted that, the average fare paid by commuters for journey by motorcycle per drop decreased by 1.32 percent month-on-month and increased by 20.20 percent year-on-year to N99.49 in May 2017 from N100.82 in April 2017. “Average fare paid by passengers for water way passenger transport increased by 0.65 percent month-on-month and 14.78 percent year-on-year to N601.42 in May 2017 from N597.56 in April 2017.”

The post Average fares declined in May –NBS appeared first on Vanguard News.

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