The average cost of bus transportation in some cities has risen from N649.59 in May 2023 to N1,285.41 in June 2023 as a result of the hike in the pump price of Premium Motor Spirit rose.
According to the Transport Fare Watch of the National Bureau of Statistics, NBS for June 2023, a report revealed that the cost of intra-city bus transportation rose by 98% per month.
This NBS report also includes the breakdown of bus journeys within cities per drop constant route, bus journey intercity (state route) charge per person, and other means of transportation.
On a yearly basis, it said bus fares rose by 120.63% from N582.61 paid by commuters in June 2022.
The average fare paid by commuters for bus journey intercity per drop rose to N5,686.49 in June 2023 compared to N4,002.16 in May 2023 indicating an increase of 42.09 per cent on a month-on-month basis.
The report read, “The average fare paid by commuters for bus journeys within the city per drop increased by 97.88% from N649.59 in May 2023 to N1,285.41 in June 2023. On a year-on-year basis, it rose by 120.63% 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% from N3,662.87 in June 2022.”
