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Domestic Airfare Jumps By 57.81% In 1 Year

by Emmanuel Femi
1 year ago
in Business
domestic airfare
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The average domestic airfare for a single journey on specified routes in Nigeria reached N124,693.40 in September 2024, reflecting a steep 57.81% increase from the N79,013.48 recorded in the same month last year.

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On a month-to-month basis, fares saw a slight 0.80% uptick compared to August 2024, suggesting stability in price adjustments.

This data was obtained from the National Bureau of Statistics (NBS) in its Transport Fare Watch for September 2024.

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“In air travel, the average fare paid by air passengers for specified routes single journey was N124,693.40 in September 2024, showing an increase of 0.80% while compared to the previous month (August 2024).

On a year-on-year basis, the fare rose by 57.81% from N79,013.48 in September 2023,” the NBS report stated in part.

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