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Business News of Monday, 19 April 2021

Source: thenationonlineng.net

Average airfare rises by 18.71 per cent in one year

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The National Bureau of Statistics (NBS) has said average passenger airfare paid for specified route single journey increased by 18.71per cent year-on-year.

It made the disclosure in its document titled: “Transport Fare Watch – March 2021”.

The document added the average airfare rose to N36,495.41 in March 2021 from N36,458.11 in February 2021.

NBS said: “Average fare paid by air passengers for specified routes single journey increased by 0.10 per cent month-on-month and by 18.71 per cent year-on-year to N36,495.41 in March 2021 from N36,458.11 in February 2021”.

The document also revealed that States with highest air fare were Anambra/Lagos (N38,600.00), Delta/Jigawa (N38,500.00), Bauchi

(N38, 450.00) while States with the lowest airfare were Akwa-Ibom (N32,700.00), Sokoto (N33,200.00), and Katsina (N35,150.00).

Read Also: NBS: more jobs lost in Feb. According to the Bureau, the average fare paid by commuters for bus journeys within the city increased by 4.42 percent month-on-month and by 82.50 percent year-on-year to N377.27 in March 2021 from N361.31 in February 2021. States with highest

bus journey fare within city were Zamfara (N618.23), Bauchi (N597.14) and Ekiti (N500.15) while States with the lowest bus journey fare within city were Oyo (N197.55), Abia (N209.87) and Borno (N258.14).

It further said that average fare paid by commuters for bus journey intercity increased by 1.62 per cent month-on-month and by

42.58 per cent year-on-year to N2,411.29 in March 2021 from N2,372.87 in February 2021. States with highest bus journey fare intercity were Abuja FCT (N4,576.28), Lagos (N3,425.18) and Sokoto (N3,380.20) while States with lowest bus journey fare within city were Bayelsa (N1,700.19), Enugu (N1,720.45) and Bauchi (N1,725.35).

The NBS explained the “Transport fare Watch report for March 2021 covers the following categories namely bus journey within the city per drop constant route; bus journey intercity, state route, charge per person; air fare charge for specified routes single journey; journey by motorcycle (Okada) per drop; and water way passenger transport”.