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NBS: Transportation cost increased by 98% in one month

According to the National Bureau of Statistics, the average cost of bus transportation 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 the cost of intra-city bus transit increased by 98%, or N636 in only one month.

Figures gathered from the NBS’s Transport Fare Watch report for June 2023 were disclosed.

This featured, among other things, the breakdown of bus rides within cities per drop consistent route; bus journey intercity (state route) fee per passenger.

On a year-on-year basis, it said bus fares rose by 120.63 per cent from N582.61 paid by commuters in June 2022.

On a year-on-year basis, it said bus fares rose by 120.63 per cent from N582.61 paid by commuters in June 2022.

β€œIn 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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Sydney Okafor

I am so passionate about this my profession as a broadcast journalist and voiceover artists and presently a reporter at TV360 Nigeria

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