No more N5k: ABC, other transport companies adjust prices as new data shows states with highest fares

According to the National Bureau of Statistics (NBS), the average cost of transportation within the city per drop stood at N1,047.63 in November 2023.

This represents a 6.23% decline in transport costs compared to the average N1,117.30 recorded in October 2023.

However, compared to the same month in 2022, the cost of transportation within a state rose by 64.44% from N637.10.

NBS disclosed this in its latest transport fare watch list report for November, which was released on its website.

In another category, the bureau stated that the average fare paid by commuters for bus journey intercity per drop was N6,206.53 in November 2023, indicating an increase of 5.45% on a month-on-month basis compared to N5,885.68 in October 2023.

While on a year-on-year basis, the fare rose by 61.27% from N3,848.48 in November 2022.

The report also provided a breakdown of state residents paid more for travel by bus.

Part of the report reads: "On state profile analysis, varying fare rates were observed for intercity bus travel on state routes per person. Adamawa, Anambra, and Gombe reported the highest fare at N8,000.00, followed closely by Abuja at N7,550.00.

"Conversely, Zamfara recorded the lowest fare at N4,000.00, with Kwara following closely at N4,500.00.

"In November 2023, Taraba state had the highest recorded bus journey within the city on a per-drop constant route, charging N1,500.00, followed closely by Bauchi at N1,450.00. In contrast, Adamawa state had the lowest at N650.00, followed by Sokoto at N750.00."

In-line with the Federal Government’s directive on the Presidential Travel Relief Initiative Program we have official commenced implementation of this and now Travellers can enjoy discounted rides on behalf of @NGRPresident ???????? ???? pic.twitter.com/DByQTzGPax

— ABC Transport (@ABCTransportPlc) December 22, 2023