Motorcycle fare in Nigeria skyrockets by 102.5% in one month

Motorcycle fare in Nigeria skyrockets by 102.5% in one month

The cost of commuting in Nigeria by motorcycle popularly known as “okada” skyrocketed by 102.46% year-on-year in March 2021 to N271.44, the National Bureau of Statistics (NBS) disclosed.

According to the statistician report on the average fare paid by commuters for journey by motorcycle, increased by 1.76% month-on-month and 102.46% year-on-year. Specifically, it increased from N134.07 recorded in March 2020 to N271.44 in March 2021.

Although the agency did not explain the cause of the rise, however, iBrandTV gathered that the increase could be partly attributed to the increase in the price of fuel across the country, the ban on okada in some areas, and the effect of the covid-19 pandemic, which affected most aspects of the country’s economy.

A breakdown of the report shows that States with the highest journey fare by motorcycle per drop were Rivers (N420.35), Taraba (N420.15), and Yobe (N420.1).

States with the lowest journey fare by motorcycle per drop were Adamawa (N90.43), Katsina (N147.64), and Niger State (N159.2).

Transport fare by Air

The average fare paid by air passengers for specified routes single journey increased by 18.71% year-on-year to N36,495.41 in March.

On a month-on-month basis, the average fare paid by air passengers increased by 18.71% from N36,458.11 in February 2021 to N36,495.41 in the month under review.
States with the highest airfare were Anambra/Lagos (N38,600.00), Delta/Jigawa (N38,500.00), Bauchi (N38,450.00).

Meanwhile, states with the lowest airfare were Akwa-Ibom (N32,700.00), Sokoto (N33,200.00), and Katsina (N35,150.00).

Transport fare by Bus

The average fare paid by commuters for bus journey within the city increased by 4.42% month-on-month and by 82.50% year-on-year to N377.27 in March 2021 from N361.31 in February 2021.

Also, the average fare paid by commuters for bus journey intercity increased by 1.62% month-on-month and by 42.58% year-on-year to N2,411.29 in March 2021 from N2,372.87 in February 2021.

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

States with the highest bus journey fare intercity were Abuja (N4,576.28), Lagos (N3,425.18), and Sokoto State (N3,380.20).

While States with the lowest bus journey fare within the city were Bayelsa (N1,700.19), Enugu (N1,720.45), and Bauchi State (N1,725.35).

Transport fare by Water Way

The average fare paid by passengers for waterway passenger transport increased by 1.81% month-on-month and by 43.52% year-on-year to N808.38 in March 2021 from N794.02 in February 2021.

States with the highest fare by waterway passenger transport were Bayelsa (N2,300.80), Delta (N2,300.60), and Rivers (N2,285.67) while states with the lowest fare by water way passenger transport were Borno (N250.30), Gombe (N320.15), and Abuja (N350.79).

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