Air travel fares increased by 7.6 per cent at N78,778 in October 2023 from N73,198 in October 2022.
This is according to the transport fare watch released by the National Bureau of Statistics, NBS, on the year-on-year increase of air fares.
The report revealed that fares for commuters of bus, motorcycle (Okada) per drop; and waterway passenger transport journeys also increased during the period.
However, on month-on-month (MoM) transport fares declined in all modes of journeys despite the increase in diesel and fuel prices by 12.82 percent and 0.71 percent respectively during the review period.
NBS said: “In air travel, the average fare paid by air passengers for specified routes for a single journey was N78,778.38 in October 2023, showing a decrease of 0.30 percent compared to the previous month (September 2023).
“On a year-on-year (YoY); basis, the fare rose by 7.62 percent from N73,198.65 in October 2022.
“The average fare paid by commuters for bus journeys within the city per drop declined to -16.48 percent from N1,337.80 in September to N1,117.30 in October 2023.
“On a YoY basis, it rose by 75.45 percent from N636.83 in October 2022.
“In another category, the average fare paid by commuters for bus journey intercity per drop declined to N5,885.68 in
“On a YoY, the fare rose by 53.04 percent from N3,845.81 in October 2022.
“The average transport fare paid on Okada transportation was N507.30 in October 2023 which was 21.51 percent decrease when compared with the value recorded in September 2023 (N646.29).
“On a YoY basis, the fare rose by 10.75 percent when compared with October 2022 (N458.05).
“For water transport (waterway passenger transportation), the average fare paid in October 2023 decreased to N1,395.68 from N1,406.84 which indicates a contraction of 0.79 percent on a monthly basis.
“On a YoY basis, it increased by 38.7 percent from N1,006.22 in October 2022.”

Alleluia is the Assistant Editor and Content Writer at LagosPost.ng. She is a prolific writer and editor, she has written features and news stories on Lifestyle, Sports, Business, Politics and B2B marketing. She is also an event coordinator, host and social media content creator.