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HomeBusinessNigerians Paid More As Okada Transport Fare In November

Nigerians Paid More As Okada Transport Fare In November

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By Babajide Okeowo

The latest report released by the National Bureau of Statistics (NBS) revealed that the average price paid by commuters for journey by motorcycle popularly known as Okada per drop increased to N276.38 in November 2020 from N265.41 in October 2020.

This represents a 4.13% increase in the transport fare paid on, month-on-month basis and 120.15% Year-on-Year, from N125.54 in the corresponding period in November 2019.

This is significant because transportation cost accounts for the second-largest budget item for lower-middle-class Nigerians, and takes a reasonable part of their total take-home pay, most times not less than 20%. Also, commuting by Okada is a central mode of transportation in most urban and rural areas.

The increase in transport fare occasioned by higher fuel prices, depreciation of the naira led to the general increase in prices and goods and services.

Motorcycle (Okada) commuters in Niger (N1,520.46) paid more, followed by Kogi (N390.15) and Taraba (N360.40), while commuters in Adamawa (N75.99), Katsina (N110.40), and Kebbi (N140.28) paid the least.

The average fare paid by Nigerian commuters for bus journeys within the city also spiked by 73.84% year-on-year from N192.05 recorded in November 2019 to N333.86 in November 2020 and a month-on-month increase of 3.61% from N322.22 in October 2020.

Commuters in Zamfara (N595.22) paid more, followed by Bauchi (N510.65) and Nasarawa (N438.45), while commuters in Abia (N195.24), Borno (N213.21), and Kebbi (N220.30) paid the least.

The average fare paid by commuters for bus journey intercity increased by 1.39% month-on-month and by 36.38% year-on-year to N2,240.66 in November 2020 from N2,209.84 in October 2020.

Commuters in Abuja FCT (N4,380.40) paid the highest, followed by Lagos (N3,100.00) and Sokoto (N3,100.00), while Bayelsa (N1,500.10), Enugu (N1,597.10), and Bauchi (N1,642.12) paid the least.

As regards air travel, the average fare paid by air passengers for specified routes single journey increased by 0.13% month-on-month and by 18.47% year-on-year to N36,301.74 in November 2020 from N36,256.08 in October 2020.

Passengers in Anambra/ Cross River (N38,500.00) paid more, followed by Lagos (N38,400.00), Jigawa (N38,260.00), while passengers in Akwa Ibom (N32,500.00), Sokoto (N33,200.00), and Gombe (N34,550.00) paid the least.

The average fare paid by passengers for waterway transport increased by 0.86% month-on-month and by 35.39% year-on-year to N756.84 in November 2020 from N750.42 in October 2020.

Passengers in Delta (N2,294.23) paid the highest, followed by Bayelsa (N2,215.65) and Rivers (N2,185.10), while passengers in Borno (N229.10), Gombe (N280.10), and Kebbi (N300.00) paid the least.

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