Airfare Increased from N37,000 to N73,000 in One Year; Says NBS

Airplane ticket prices in Nigeria increased from N37,000 to N73,000 in a year, data from the National Bureau of Statistics (NBS) has shown. 

According to the Transport Fare Watch report released by NBS on Monday, Nigerians travelling by air paid an average of N73,267.57 for flight tickets in November 2022. This represents an increase of 97.90 percent on a year-on-year basis. 

The Bureau said average airfare rose from N37,022.97 in November 2021 to N73,267.57 in November 2022 with an increase of 09 per cent on a month-on-month from N73,198.65 in October 2022 to N73,267.57 in November 2022.

The report went further to reveal that the states with the highest average prices of airplane tickets on a single journey include Taraba – N77,100, Delta — N76,500, and Bayelsa/Oyo – 76,100.

According to NBS, states with the lowest average prices for airplane tickets on a single journey were; Niger – N67,100, Gombe – N70,000 and Nasarawa – N70,100.

On a zonal analysis, a single-journey air ticket in the North Central region shows the least expensive and was priced at N71, 428.57 for November 2022, which represents a 0.17% decrease from N71,550 in October 2022.

While the South-South region shows the most expensive with an average air ticket price of N74,166.67 in November 2022, which represents a 0.02% increase from N74,150 in October 2022, Investors King learnt. 

Meanwhile, the report also disclosed that the average fare paid by commuters for bus journeys within the city per drop increased by 0.12 per cent in November 2022 on a month-on-month from N636.30 in October 2022 to N637.10.

According to the NBS, on a year-on-year basis, however, the average fare paid by commuters for bus journeys within the city per drop rose by 42.69 per cent from N446.50 recorded in November 2021.