NBS report reveals increase in transport fare as Nigerians pay more for Okada rides

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The Nigerian Bureau of Statistics on Friday released a 2020 Transport Watch Report with a significant increase in transport fare across the country.

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According to the report, Nigerians in 2020 paid over 120% more for rides on motorcycles popularly known as Okada.

The average rate for intra city bus journey also increased by 74% year on year, while inter city and airfare also increased by 36% and 18% respectively.

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Average Okada ride fare jumped from N125.5 in 2019 to N276.28 in 2020

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It would be recalled that the federal government announced the withdrawal of subsidy on PMS, which has led to an increase in the pump price of petroleum products.

Also, the COVID-19 compliance guidelines of reductions in the number of passengers on a bus also led to some increase in rates of transportation, including air transport