The National Bureau of Statistics (NBS) says the average fare paid by air passengers for specified routes for a single journey increased by 34.06 per cent within a year.
This was disclosed in the NBS’ Transport Fare Watch Report for May 2023, released in Abuja on Tuesday.
The NBS said the fare increased on a year-on-year basis from N55,906.86 in May 2022 to N74,948.78 in May 2023 but did not state the reasons behind the significant spike observed in the prices of airfares within the period under review.
Experts attributed the high prices in airfares and transportation generally to the fluctuating prices of aviation fuel and forex scarcity.
“In air travel, the average fare paid by air passengers for specified routes single journey increased by 0.002% on a month-on-month basis from N74,947.30 in April 2023 to N74,948.78 in May 2023,” the NBS said.
According to the NBS report, the Transport Fare Watch for May 2023 covers bus journeys within the city per drop in…