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Average Intercity Transport Fare Decreases to N1,411.87 in Feb’17 from N1430.63 in Jan’17

Proshare

Tuesday, March 14, 2017 5:00 PM/NBS 

The transport fare watch report for February 2017 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. 

Average fare paid by commuters for bus journey within the city increased by 0.01% month-on-month and by 50.42% year-on-year to N122.85 in February 2017 from N122.83 in January 2017. 

States with highest bus journey fare within city  in February 2017 were Abuja (N257.50), Cross River (N223.33) & Adamawa (N200) while States with lowest bus journey fare within city  in February 2017 were Borno (N68.75), Yobe (N60) & Plateau (N78.57).  

Average fare paid by commuters for bus journey intercity dropped by 1.31% month-on-month and increased by 26.00% year-on-year to N1,411.87 in February 2017 from N1430.63 in January 2017. 

States with highest bus journey within city  in January 2017 were Abuja (N4,566.67), Adamawa (N3,350.00) & Niger (N2,337.50) while States with lowest bus journey fare within city  in January 2017 were Kano (N850.00), Ebonyi (N750) & Abia (N683.33).  

Average fare paid by air passengers for specified routes single journey dropped by 0.24% month-on-month and increased by 27.34% year-on-year to N30,718.10 in February 2017 from N30,793.43 in January 2017. 

States with highest air fare in January 2017 were Edo (N40,000), Borno (N35,878) & Cross River (N35,758) while States with lowest air fare in February 2017 were Kano (N25,227.56), Kaduna (N23,308.48) & Katsina (N21,000).  

Average fare paid by commuters for journey by motorcycle per drop dropped by 0.31% month-on-month and increased by 24.53% year-on-year to N93.93 in February 2017 from N94.22 in January 2017. 

States with highest journey fare by motorcycle per drop in February 2017 were Rivers (N152.50), Abia (N151.25) & Edo (N150.83) while states with lowest journey fare by motorcycle per drop in February 2017 were Ekiti (N53.67), Zamfara (N54.09) & Niger (N58.00).  

Average fare paid by passengers for water way passenger  transport dropped by 3.84% month-on-month and increased by 19.29% year-on-year to N569.68 in February 2017 from N592.68 in January 2017. 

States with highest fare by water way passenger  transport in January 2017 were Bayelsa (N1,933.33), Delta (N1,633.33) & Cross River (N1,700.00) while states with lowest fare by water way passenger  transport in January 2017 were kebbi (N220.00), Gombe (N150.00) & Borno (N117.89).  

 

 

 

 

 

Click Here to Download February 2017 Transport Fare Watch (PDF) Report 

Latest 2017 NBS Reports

1.       Average Price of 1kg of Rice Increased by 68% YoY in February 2017

2.      Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - February 2017

3.      CPI Drops to 17.78% in February 2017, 0.94% Lower Than 18.72% January Rate

4.      Nigeria Produced 43.49m Tons of Solid Minerals in 2016 - NBS

5.      NIPOST Generates N8.84bn Revenue in 2016 - NBS

6.      Q4 2016 Merchandise Trade Intensity - Total Trade Grows by 6.5% in 2016

7.      Merchandise Trade Grows in Q4 2016 - Records First Quarterly Positive Trade Balance Since Q4 2015

8.     JAMB Received 11.7m Applications Between 2010 and 2016

9.      Average Kerosene Price Increases to N433.84 in Jan'17 from N231.85 in Dec'16

10.  Average Intracity Transport Fare Increases to N122 in Jan'17 from N84.29 in Dec'16

11.   Average Cooking Gas Price Increases to N2,567.56 in Jan’17 from N2,002.16 in Dec’16

12.  Average Diesel Price Increases to N240.52 in Jan’17 from N196.20 in Dec’16

13.  Average Petrol Price Increases to N148.7 in Jan'17 from N146.7 in Dec'16

14.  CPI Rises to 18.72% in January 2017, 0.17% Higher Than 18.55% December 2016 Rate

15.   GENCOs Issued Total Invoice of N331bn to DISCOs in 2016

16.  Nigeria Produced 5.79 mln Tonnes of Fish Between 2010 and 2015

17.   4,296 Applications Were Received by NAFDAC for New Products Registration in 2016 - NBS

18.  19,833 Vessels Berthed At Nigerian Ports Between 2013 and 2016 - NBS

19.  Total Value of Capital Imported into Nigeria in Q4 2016 Estimated at $1,548.88mln - NBS

20. Telecoms Sector Contributes N1,399bn to GDP in Q3 2016 - NBS

21.  FAAC Disburses N426.88bn in December 2016 - NBS

22. Banking Sector Records 910.18m Volume of Transaction in 2016 on Electronic Payment Channels - NBS

23. Daily Energy Generation Attained a Peak of 3,859.59MW in Q4 2016 - NBS

24. 10.8% of Nigeria's Total Working Population Are Registered Under The National Pension Scheme - NBS

25.  Nigeria Imports 4.83 bn Litres of PMS in Q4 2016 - NBS

26. 72.53% of Nigeria’s Prison Population in 2015 were Un-sentenced - NBS

27.  Lagos, Ogun Top IGR for H1 2016  

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