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Nigerians paid reduced fare for road transport in October- NBS 

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In the transport fare watch for the month of October 2023, the average fare for bus journeys within the city per drop decreased by 16.48%, falling from N1,337.80 in September to N1,117.30 in October 2023.

On a year-on-year basis, it increased by 75.45%, rising from N636.83 in October 2022. 

In a different category, the average fare paid by commuters for intercity bus journeys per drop decreased to N5,885.68 in October 2023, reflecting a month-on-month decline of 0.53% compared to N5,917.16 in September 2023.

On a year-on-year basis, the fare increased by 53.04%, rising from N3,845.81 in October 2022. 

For Okada transportation, the average fare paid was N507.30 in October 2023, marking a 21.51% decrease from the recorded value in September 2023 (N646.29). On a year-on-year basis, the fare increased by 10.75% when compared to October 2022 (N458.05). 

In air travel, the average fare for a single journey on specified routes was N78,778.38 in October 2023, indicating a 0.30% decrease compared to the previous month (September 2023). On a year-on-year basis, the fare increased by 7.62%, rising from N73,198.65 in October 2022. 

For water transport, specifically waterway passenger transportation, the average fare paid in October 2023 decreased to N1,395.68 from N1,406.84, reflecting a monthly contraction of 0.79%. On a year-on-year basis, it increased by 38.70% from N1,006.22 in October 2022. 

In the analysis by geopolitical zone for October 2023, the transport fares for bus journeys within the city were highest in the South-South at N1,216.67, followed by the North-West at N1,155.00, while the South-West recorded the lowest at N1,026.67.  

In terms of bus journeys intercity, the South-East had the highest fare at N6,270.00, followed by the North-East at N6,123.33, with the North-Central recording the lowest at N5,430.00. 

 

 

 

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