Business News

Average fare for inter-city bus trips in January 2024 rose 89.50% YoY to N7,577.03 – NBS  

In January 2024, the average fare that commuters paid for an intercity bus ride in Nigeria was N7,577.03 per trip, showing a year-on-year increase of 89.50% from N3,998.42 in January 2023. Comparing month-on-month, there was a 2.36% rise from N7,402.16 in December 2023.

This information comes from the Transport Fare Watch report for January 2024, published by the National Bureau of Statistics. 

In the NBS report detailing intercity bus travel costs per passenger for January  2024, Anambra was noted for having a peak fare of N10,500.00.

Following closely, Akwa-Ibom’s fare was set at N10,000.00, with Abia, Bayelsa, Cross River, and Gombe States each charting a fare of N8,700.00. 

Towards the lower fare range, the report found Kwara to offer the most cost-effective fare at N5,900.00 for intercity bus travel per individual.

Furthermore, Taraba and Ebonyi were highlighted for their relatively affordable fares of N6,200.00 and N6,500.00, respectively, in January 2024.