Nigeria: Road transport fare inched up in February 2020 – NBS

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Average fare paid by commuters for bus journey within the city increased by 0.68% month-on-month and by 14.26% year-on-year to N202.89 in February 2020 from N201.51 in January 2020.

Nigeria: Road transport fare inched up in February 2020 - NBS - Brand Spur
Photo by Eva Blue on Unsplash

National Bureau of Statistics (NBS) disclosed this in its Transport Fare Watch report for February 2020, adding that the States with highest bus journey fare within city were Zamfara (N336.00), Abuja FCT/Cross River (N310.00) and Lagos (N275.00) while States with lowest bus journey fare within city were Bauchi (N107.00), Abia (N147.00) and Anambra (N149.00).

The bureau, in its transport fare watch report for February, said the average fare paid by commuters for bus journey intercity increased by 0.91% month-on-month and by 9.61% year-on-year to N1,696.76 in February 2020 from  N1,681.38 in January 2020.

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The report added that States with highest bus journey fare intercity were Abuja FCT (N4,235.00), Borno (N2,550.00) and Adamawa (N2,545.00) while States with lowest bus journey fare within city were Bauchi (N963.00), Enugu (N970.00) and Bayelsa (N1030.00).

NBS stated that the average fare paid by air passengers for specified routes single journey increased by 0.24% month-on-month and by 0.73% year-on-year to N30,904.89 in February 2020 from N30,831.76 in January 2020.  States with highest air fare were Rivers (N35,600.00), Jigawa (N35,400.00), Kwara (N35,350.00) while States with lowest air fare were Katsina (N24,686.00), Sokoto (N25,400.00), and Kano (N25,500.00).

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According to the report, the average fare paid by commuters for journey by motorcycle per drop increased by 1.58% month-on-month and by 16.97% year-on-year to N132.94 in February 2020 from N132.84 in January 2020.

“States with highest journey fare by motorcycle per drop were Rivers (N262.00), Kogi (N240.00) and Lagos (N205.00) while states with lowest journey fare by motorcycle per drop were Adamawa (N63 .00), Katsina (N69.00) and Jigawa (N70.00).”

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“Average fare paid by passengers for water way passenger transport increased by 0.24% month-on-month and by 3.63% year-on-year to N568.68 in February 2020 from N567.32 in January 2020.”

“States with the highest fare by waterway passenger transport were Delta (N1,890.00), Bayelsa (N1,870.00) and Rivers (N1,800.00) while states with the lowest fare by water way passenger transport were Borno (N135.00), Gombe (N198.00) and Ebonyi (N200.00).

Download February 2020 Transport Fare Watch Report
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Nigeria: Road transport fare inched up in February 2020 - NBS - Brand SpurNigeria: Road transport fare inched up in February 2020 - NBS - Brand Spur

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New entrant AECO Energy launches business innovation to deliver ‘last mile of value chain’ to Singapore’s maturing open electricity market

  • AECO Energy announces the launch of its operations in Singapore to provide innovation to the open electricity market for businesses with generation 2.0 of its technology and service offerings.
  • The company will introduce three solutions as part of its initial portfolio, customisable to specific business needs.

SINGAPORE - Media OutReach - 13 April 2021 - AECO Energy, a new entrant to Singapore's electricity sector, has today announced the launch of its operations. AECO Energy will be the first-of-its kind energy technology and services company aimed at innovating customer-centric offerings in electricity and renewable energy markets.

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Nigeria: Road transport fare inched up in February 2020 - NBS - Brand Spur
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