See more as transport companies increase bus fares after filling stations adjust price

3 weeks ago 32

Following another fuel price increase, the NBS has revealed that Nigerians now pay more on transport
New data shows that the cost of bus journeys within the city increased by 3.45%, while the cost of intercity bus journeys has increased by 0.22%
The highest transportation fare by bus was recorded in Anambra followed by Gombe with and least fare was recorded in Kwara

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The National Bureau of Statistics (NBS) has disclosed that the average fare paid by commuters for bus journeys within cities increased to 3.45% from N869.35 in August 2024 to N899.31 in September 2024.

While on a year-on year basis, it declined by 32.38% from N1,329.94 in September 2023.

NBS disclosed this in its latest transport fare watch (October 2024) released on its website.

Bus Journey intercity

Also the report revealed that in another category, the average fare paid by commuters for bus journey intercity per drop was N7,175.06 in September 2024.

This represented a increase of 0.22% on a month-on-month basis compared to N7,159.00 in August 2024.

While on a year-on-year basis, the fare rose by 21.26% from N5,917.16 in September 2023, Punch reports.

States with highest prices

The bureau also revealed the states where Nigerians paid more to travel both within and outside their place of residence.

The report noted:

"For intercity bus travel (state route fare per person), the highest fare was recorded in Anambra at N9,587.27, followed by Gombe at N8,330.05. "The lowest fare was observed in Kwara at N5,579.42, followed by Ebonyi at N5,611.06."For within-city bus journeys (per drop, constant route) in September 2024, Zamfara recorded the highest fare at N1,180.70, followed by Taraba at N1,152.26."