NBS: Average waterway transport fares in Nigeria stable at N1,385 in May 2024

In May 2024, the average waterway transit fare in Nigeria remained at N1,385.95 from the previous month.

The National Bureau of Statistics (NBS) has released the May 2024 Transport Fare Watch report, which contains this information.

 The research also notes that the average ticket has increased significantly year over year, from N1,045.15 in May 2023 to 32.61%.

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“For water transport (waterway passenger transportation), the average fare paid in May 2024 was N1,385.95 which remains the same when compared to the previous month (April 2024). On a year-on-year basis, it increased by 32.61% from N1,045.15 in May 2023,” the NBS report read in part.

Additionally, the NBS report noted that, based on geopolitical zone analysis for May 2024, the South-South zone had the highest fare for water transport at N3,525.00. This was followed by the South-West at N1,350.00, while the North-East had the lowest fare at N768.33.

Passengers in the North Central zone paid an average fare of N985.71, the South East zone recorded an average fare of N985.71, and the North West had an average fare of N842.86.