The National Bureau of Statistics (NBS) said the average cost of bus transportation within Nigerian cities rose from N649.59 in May 2023 to N1, 285.41 in June 2023 as the pump price of petrol rose.
The agency disclosed this in its ‘Transport Fare Watch Report’ for June 2023
It said bus fares rose by 120.63 per cent from N582.61 paid by commuters in June 2022 on year-on-year basis
The NBS explained that the average fare paid by commuters for bus journey intercity per drop rose to N5, 686.49 in June 2023 compared to N4, 002.16 in May 2023 indicating an increase of 42.09 per cent on a month-on-month basis.
“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,” the report said.
