Business News

Intra-city fares per drop in Nigeria surged by 48.03% YoY to N963.38 in January 2024 – NBS 

In Nigeria, the average fare for intra-city bus trips per drop escalated by 6.72%, moving from N902.70 in December 2023 to N963.38 in January 2024.

On an annual comparison, the fare witnessed a significant increase of 48.03%, from N650.80 in January 2023.  

These statistics are sourced from the latest Transport Fare Watch report for January 2024, published by the National Bureau of Statistics (NBS), indicating trends for city-based commuting costs in Nigeria.  

The NBS report also disclosed that in January 2024, Taraba State had the highest fare for intra-city bus journeys (per single route) at N1,400, followed by Jigawa at N1,250, and Bauchi at N1,200.  

Conversely, Abia registered the lowest average fare for city bus trips at N550, with Adamawa at N570, and Sokoto at N600.