Sunday, February 5, 2023
  • Login
No Result
View All Result
The News Beam
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
The News Beam
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
No Result
View All Result
The News Beam
Home News Business & Economy Economy

Transportation: Motorcycle Fare increases by 98% in February 2021 – NBS

March 24, 2021
in Economy, News
Reading Time: 2 mins read
0
A A
0
Transportation: Motorcycle Fare increases by 98% in February 2021 - NBS
Share on FacebookShare on Twitter

The average fare paid by Nigerians for journey made by motorcycle increased by 97.68% year-on-year.

As reported by the National Bureau of Statistics, NBS in a title, ‘The Transport fare Watch report for February 2021, the average fare paid by commuters for journey by motorcycle per drop increased by 2.86% month-on-month and by 97.68% year-on-year to N266.74 in February 2021 from N259.33 in January 2021.

“States with highest journey fare by motorcycle per drop were Taraba (N436.20), Yobe (N425.02) and Kogi (N400.12) while states with lowest journey fare by motorcycle per drop were Adamawa (N86.47), Katsina (N140.12) and Kebbi (N155.90).

Similarly, the general prices of bus, air and water way fares further saw an upward trend, as Nigerians were made to pay more in February 2021.

The factors responsible with this increase may be associated with inflation, increase in food price, increase in fuel price in some states, effect of covid-19 pandemic, etc, as these brought hardship on the economy of the country.

According to the report, “the average fare paid by commuters for bus journey within the city increased by 2.60% month-on-month and by 78.08% year-on-year to N361.31 in February 2021 from N352.15 in January 2021.

“States with highest bus journey fare within city were Zamfara (N620.15), Bauchi (N530.10) and Ekiti (N475.25) while States with lowest bus journey fare within city were Oyo (N190.45), Abia (N208.55) and Borno (N250.72).

“Average fare paid by commuters for bus journey intercity increased by 1.13% month-on-month and by 39.85% year-on-year to N2,372.87 in February 2021 from N2,346.41 in January 2021.

“States with highest bus journey fare intercity were Abuja FCT (N4,500.88), Sokoto (N3,350.60) and Lagos (N3,340.60) while States with lowest bus journey fare within city were Bayelsa (N1,650.32), Bauchi (N1,690.80) and Enugu (N1,700.00).

“Average fare paid by air passengers for specified routes single journey decreased by -0.02% month-on-month and increased by 17.97% year-on-year to N36,458.11 in February 2021 from N36,463.65 in January 2021.

“States with highest air fare were Delta/Lagos (N38,600.00), Anambra/Bayelsa (N38,500.00), Bauchi (N38,400.00) while States with lowest air fare were Akwa-Ibom (N32,500.00), Sokoto (N33,600.00), and Gombe (N35,000.00).

“Average fare paid by passengers for water way passenger transport increased by 1.00% month-on-month and by 39.63% year-on-year to N794.02 in February 2021 from N786.19 in January 2021.

“States with highest fare by water way passenger transport were Rivers (N2,299.35), Delta (N2,280.33) and Bayelsa (N2,258.49) while states with lowest fare by water way passenger transport were Borno (N240.55), Gombe (N297.23) and Abuja FCT (N340.22).” It stated.

Read Also: SHOCKING! See States with the Least Number of Internet Subscribers

Tags: February 2021NigerianTransportTransportation
ShareTweetSend
Previous Post

HOW TO REGISTER FOR 2021 NECO COMMON ENTRANCE EXAMINATION

Next Post

Afreximbank, NEXIM to Mobilize $50m Project Preparation Fund for Investments in Nigeria

Related Posts

REVEALED! Bank officials hiding new notes behind old notes
News

REVEALED! Bank officials hiding new notes behind old notes

February 4, 2023
42
Banks suffer 11% reduction in new loans as customers resist interest rate hike
News

Shortage of New Naira notes: Emefiele begs Nigerians, says CBN addressing supply hiccups

February 3, 2023
62
Banks suffer 11% reduction in new loans as customers resist interest rate hike
Business & Economy

New Naira Notes: CBN allows  banks to pay N20k per day over-the-counter

February 2, 2023
41
New Naira Notes: Emefiele blames banks for scarcity, abuse at parties
Finance

New Naira Notes: Emefiele blames  banks for scarcity, abuse at parties

January 31, 2023
36
Delia Ferreira Rubio, Transparency International Chairperson
News

Corruption: Nigeria ranks 150 out of 180 countries

January 31, 2023
33
INEC
News

Fuel scarcity could affect 2023 election logistics-INEC warns

January 31, 2023
29
Next Post
Afreximbank, NEXIM to Mobilize $50m Project Preparation Fund for Investments in Nigeria

Afreximbank, NEXIM to Mobilize $50m Project Preparation Fund for Investments in Nigeria

'NO NIN, NO JAMB Registration' - JAMB Says as It Announces Dates for UTME

'NO NIN, NO JAMB Registration' - JAMB Says as It Announces Dates for UTME

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

  • Trending
  • Comments
  • Latest
How to Apply for the N25 Billion Youth Investment Fund of the Federal Govt

How to Apply for the N25 Billion Youth Investment Fund of the Federal Govt

October 16, 2020
Covid-19: See List of Vaccination Centers in Lagos State

Covid-19: See List of Vaccination Centers in Lagos State

August 19, 2021
Banks suffer 11% reduction in new loans as customers resist interest rate hike

CBN reveals 9 Business Categories that recorded Increased Activity This Month

9
BREAKING ! How Hurriedly installed Application Saved Central Bank of Nigeria website from 'Anonymous' hack

BREAKING ! How Hurriedly installed Application Saved Central Bank of Nigeria website from ‘Anonymous’ hack

7
REVEALED! Bank officials hiding new notes behind old notes

REVEALED! Bank officials hiding new notes behind old notes

February 4, 2023
Banks suffer 11% reduction in new loans as customers resist interest rate hike

Shortage of New Naira notes: Emefiele begs Nigerians, says CBN addressing supply hiccups

February 3, 2023

Categories

  • Agriprenuers (12)
  • Books & Arts (7)
  • Business & Economy (436)
  • Capacity Building (25)
  • CDAs (2)
  • Community Champions (1)
  • Crime (196)
  • DEVELOPMENT (74)
  • Development Agencies (109)
  • Economy (318)
  • Education (192)
  • Entertainment (405)
  • Faith (55)
  • Finance (339)
  • Global (103)
  • Guest Columnists (17)
  • Health (56)
  • Health (242)
  • Industry (149)
  • LGAs (1)
  • Lifestyle (98)
  • MGDs (10)
  • News (2,298)
  • Politics (374)
  • Projects (2)
  • Relationships (70)
  • Security (164)
  • SMEs (15)
  • SPECIALS (87)
  • Sports (311)
  • Street Money (9)
  • Tech (138)
  • Teens World (3)
  • The Entrepreneur (26)
  • Uncategorized (70)
  • Your Community (33)
  • Youthprenuers (14)
No Result
View All Result
News
Politics
Business & Economy
Sports
Entertainment
Global

Development

Health
Education
MGDs
Development Agencies

Your Community

CDAs
LGAs
Projects
Community Champions

The Entrepreneur

Street Money
SMEs
Youthprenuers
Agriprenuers
Capacity Building

Specials

Lifestyle
Relationships
Books & Arts
Faith
Teens World
Guest Columnists

Follow Us

  • About Us
  • Contact Us
  • Terms of Usage
  • Privacy Policy
  • Advert Rates
  • Newsletters
  • Resources
  • Submit a Story
No Result
View All Result
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
  • Login

© 2020 The News Beam is the highest circulated and most read newspaper in Nigeria. The online portal of The News Beam is the most visited website in the world.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Subscribe With The News Beam