See Price Of Traveling By Road, As Inter-State Bus Fare Rises By 18%

Nigeria Inter-State Bus Travelling Fare has risen by 18% a few days to Christmas.

News Rain Nigeria gathered that the cost of traveling by inter-city bus in Nigeria has risen by 18.02% year-on-year in November 2021 to an average of N2,644.

This is according to the recently released transportation report by the National Bureau of Statistics (NBS).

This increase is coming at a time when inter-state traveling is in high demand as Nigerians will be traveling from one city to another to visit their families and relatives.

According to the report, the highest increase was recorded in the south-south region of the country.

According to the report, the average cost of bus journey intercity in the Southsouth region of Nigeria increased by 22.94% year-on-year compared to the corresponding period of 2020.

Specifically, the average cost increased from N1,769 recorded in November 2020 to N2,175 in the period under review.

Meanwhile, intercity bus fare is highest in the Northcentral region of the country at N3,075, followed by the Southwest area at N2,881.

Highlights of the report

• The average fare paid by commuters for bus journeys within the city per drop increased by 1.46% on a month-on-month basis from N440.09 in October to N 446.50 in November 2021.
• On the other hand, on a year-on-year basis, the fare rose by 33.74% from N333.86 in November 2020 to N446.5 in November 2021.
• In the same vein, the average fare paid by commuters for bus journey intercity stood at N2,644.50 in November 2021 indicating an increase of 0.38% on a month-on-month basis when compared to the value of N2,634.46 in October 2021.
• Also, the November fare also rose by 18.02% on a year-on-year basis from N2,240.66 in the corresponding month of the previous year to N2,644.5 in November 2021.
• The average fare paid by air passengers for specified routes single journey increased by 0.25% on a month-on-month basis from N36,932 in October to N37,022 in November 2021. On a year-on-year basis, the fare rose marginally by 1.99% from N36,301 in November 2020 to N37,022 in November 2021.

Meanwhile, at the state level for intercity bus travel (state route charged per person fare), the highest fares were recorded in Abuja, Lagos State, and Sokoto State at N4,826, N3,558, and N3,500 respectively.

The least fares were recorded in Bayelsa State, Bauchi State, and Akwa Ibom State with N1,893, N1,945, and N1,991 respectively.

Why this matters

The Yuletide period is known for increased travel demands across the world as people travel to various destinations to visit families, and relatives.

It is also a period where families travel for vacations within and outside the country.

The recent increase in transport fare implies that traveling Nigerians will have to pay more this Christmas period.