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- New data from NBS has revealed the list of states with the most expensive and cheapest fares in Nigeria
- This revelation comes as Green Africa Airways, a new airline, offers passengers the opportunity to fly from Ibadan to Lagos for just N6,500
- With the rising levels of insecurity in the country, many Nigerians consider traveling by air a safer choice
The National Bureau of Statistics has revealed that the cost of traveling by air within Nigeria increased by over 40% in one year, spanning June 2022 to June 2023.
The statistics agency stated this in its recent Transport Fare Watch report for June 2023.
Photo credit: NBS
Source: Facebook
Breakdown of the airfares
According to NBS, the average fare paid by air passengers for specified routes’ single journey increased by 4.93% from N74,948.78 in May 2023 to N78,640.54 in June 2023.
On a year-on-year basis, the fare rose by 40.22% from N56,082.64 in June 2022.
States with the highest air fares’ single journey
- Delta- N87,000
- Kebbi- N83,500
- Enugu/Bayelsa- N83,000
States with the slowest air fares ’ single journey
- Abia-
- Niger-
- Plateau, Kwara, Imo, Edo, Benue, Kano, Jigawa, Akwa Ibom- N75,000
By region airfares single journey
- North Central: N76,357
- North East: N80,650
- North West: N78,900
- South East: N77,200
- South South: N80,000
- South West: N78,833
Nigerian workers’ salaries slashed by 19% as inflation rate rises to 18-year-High, 3 states worst hit
In another report, Legit.ng revealed that the National Bureau of Statistics(NBS) has revealed that Nigeria’s annual inflation rate rose for the seventh straight month, nearing an 18-year high of 24.08% in July 2023
The bureau stated this in its latest Tuesday, August 15, 2023 inflation report.
The report also stated that inflation rose to 24.08% in July 2023 from 22.79% the previous month. This is as the food inflation rate quickened to 26.98% in July from 25.25% last month.
NBS also revealed that food inflation, an essential indicator of how Nigerian households struggle, increased in July 2023 to 26.98% from the previous month’s 25.25%.
The July 2023 inflation on a year-on-year basis was 4.97% points higher compared to the rate recorded in July 2022 (22.02%).
Source: Legit.ng
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