Business
Bus Fare In Nigeria Cities Soared By 98% Due To Fuel Hike – NBS
According to the NBS, on a year-on-year basis, bus fares rose by 120.63 per cent from N582.61 paid by commuters in June 2022.
The National Bureau of Statistics (NBS) has revealed that transportation fare in the country for June 2023 increased by 98% due to the removal of subsidy on fuel in May 29 which led to the hike in the commodity.
VerseNews reports that the NBS in its monthly report revealed that bus transportation in Nigerian cities rose from N649.59 in May 2023 to N1,285.41 in June 2023 due to hike in fuel.
According to the NBS, on a year-on-year basis, bus fares rose by 120.63 per cent from N582.61 paid by commuters in June 2022.
To this, fares for commuters on bus journey in intercity drop rose to N5,686.49 in June 2023 compared to N4,002.16 in May 2023 indicating an increase of 42.09 per cent on a month-on-month basis.
“The average fare paid by commuters for bus journeys within the city per drop increased by 97.88 per cent from N649.59 in May 2023 to N1,285.41 in June 2023. On a year-on-year basis, it rose by 120.63 per cent from N582.61 in June 2022,” NBS stated.
“In another category, the average fare paid by commuters for bus journey intercity per drop rose to N5,686.49 in June 2023, indicating an increase of 42.09 on a month-on-month basis compared to N4,002.16 in May 2023. On a year-on-year basis, the fare rose by 55.25 per cent from N3,662.87 in June 2022.”
‘DSS, Military Directly Contacted Bandits To Free 38 Eruku Church Worshippers’: Presidency Confirm
The Presidency says DSS operatives and the military made direct contact with the bandits who abducted 38 worshippers in Kwara,...
‘I’m Ready to Have a Child Outside Marriage:’ Mercy Eke Declares (Video)
BBNaija star Mercy Eke has revealed she is prepared to become a mother outside marriage, saying she can comfortably raise...
‘I Begged Them to Reject Me’: Female Corper Posted to Cemetery Cries Out (Video)
A viral video has captured the emotional moment a female NYSC corper broke down after being posted to serve as...
FCT Minister Wike Threatens to Take Over Properties of Ground Rent Defaulters
FCT Minister Nyesom Wike has warned that Abuja property owners who fail to settle their outstanding ground rent by Tuesday...
Wife Allegedly Stabs Husband to Death 3 Days After Wedding
A newlywed groom, Abubakar Abdulkarim, popularly known as Dan Gaske, was allegedly killed by his wife just three days after...
Wesley University Slashes Tuition Fees by 50% to Ease Financial Burden on Students
Wesley University, Ondo, has announced a 50% reduction in tuition for several programmes, excluding medicine, nursing, law, and select medical...
‘They Deserve to Win,’ Ruben Amorim Blasts Players After Man United Unbeaten Run Ends Against 10-Man Everton
Manchester United manager Ruben Amorim expressed his frustration after the Red Devils’ 1-0 defeat to 10-man Everton.
Actor Daddy Billy Shares Video He Took with Odira Nwobu Two Hours Before His Demise (Watch)
Nollywood has been thrown into deep sorrow following the sudden passing of beloved actor and comedian Odira Nwobu, just hours...
NECO Launches New Examination Centre in London
The National Examinations Council (NECO) has launched a new SSCE Centre in London, United Kingdom...
Nigerians Cry Out as Governor Reveals Identities Behind Bandit Attacks, Video Trends (Watch)
A Nigerian governor has stirred major controversy after stating during an Arise TV interview that “We know the Terrorists, we...
You must be logged in to post a comment Login