Airfare Records 52% Increase In 12 Months

Data by the National Bureau of Statistics have shown that the cost of air travel has increased by 52% within 12 months.

Airfare Records 52% Increase In 12 Months
Airfare Records 52% Increase In 12 Months

In a new report titled, “Transport Fare Watch (April 2022),” the NBS said airfares recorded a 19 per cent increase when gauged on a month-on-month basis.

On state profile analysis, Taraba recorded the highest air transport charges (for specified routes single journey) in April 2022 with N65,000.00, followed by Kogi with N64,258.91, while Kano recorded the least with N50,000.00.

Analysis by zone also showed that the North-Central recorded the highest airfare in April, 2022 with N57,552.54, followed by the North-East with N56,800.16, while the South-East had the least with N53,402.58.

The significant hike in airfares, according to findings, is not unconnected to the recent challenges faced by local airlines, ranging from energy price hikes to lack of access to foreign exchange.

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