Airfares in Nigeria increased by 19 percent to N89.189.19 in April 2024 compared to the same period last year.
The National Bureau of Statistics, NBS, disclosed this in its latest Transport Watch report.
“In air travel, the average fare paid by air passengers for specified routes single journey was N89,189.19 in April 2024, showing an increase of 0.25 percent compared to the previous month (March 2024). On a year-on-year basis, the fare rose by 19.00 percent from N74,947.30 in April 2023”, the report reads.
The report also showed the cost of road and water transport.
Accordingly, NBS’s report said the average transport fare paid on Okada transportation was N476.49 in April 2024 which increased by 0.92 percent when compared with the value recorded in March 2024 (N472.16).
On a year-on-year basis, the fare increased by 3.07% when compared with April 2023 (N462.29).
For water transport (waterway passenger transportation), the average fare paid in April 2024 increased to N1,385.95 from N1,384.32 which indicates an increase of 0.12 percent on a monthly basis. On a year-on-year basis, it increased by 34.45 percent from N1,030.83 in April 2023.
Credit: dailypost.ng
