NIGERIANS takes Transportation at 98% increased cost in one month – NBS

The National Bureau of Statistics (NBS), has revealed that the average cost of bus transportation within Nigerian cities rose from N649.59 in May 2023 to N1,285.41 in June 2023 due to rise in the pump price of Premium Motor Spirit (PMS).

This means that the cost of intra-city bus transportation rose by 98 per cent or N636 within one month.

Figures obtained from the Transport Fare Watch report of the NBS for June 2023 revealed.

On a year-on-year basis, it says bus fares rose by 120.63 per cent from N582.61 paid by commuters in June 2022.

“The average fare paid by commuters for bus journeys within the city per drop increased by 97.88 per cent from N649.59 in May 2023 to N1,285.41 in June 2023 indicating an increase of 42.09 per cent on a month-on-month basis. The report said.

It claimed that when compared on a year-on-year basis, it rose by 120.63 per cent from N582.61 in June 2022.

“In another category, the average fare paid by commuters for bus journey intercity per drop rose to N5,686.49 in June 2023, indicating an increase of 42.09 on a month-on-month basis compared to N4,002.16 in May 2023. On a year-on-year basis, the fare rose by 55.25 per cent from N3,662.87 in June 2022.” It added.

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