The average fare paid by commuters for intercity bus journeys in Nigeria surged by 78.31% year-on-year to N7,122.57 in April 2024, up from N3,994.51 in April 2023.
This data, sourced from the National Bureau of Statistics (NBS) Transport Fare Watch for April 2024, highlights the significant increase in transportation costs over the past year.
The report, recently published on the NBS website, also noted a slight month-on-month decline of 0.43%, with the average fare dropping from N7,152.97 in March 2024.
“The average fare paid by commuters for bus journey intercity per drop was N7,122.57 in April 2024, indicating a decline of 0.43% on a month-on-month basis compared to N7,152.97 in March 2024.
“On a year-on-year basis, the fare rose by 78.31% from N3,994.51 in April 2023,” the report read in part.
Furthermore, the report revealed that Anambra State had the highest average fare for intercity bus journeys, at N9,600 per trip.
The NBS report also reveals notable changes in intercity bus fare prices across different geopolitical zones in April 2024.
