Waterway Transport Fares Highest in South South

The South South zone recorded the highest average waterway transportation fare in July 2024, at N3,572.94, significantly surpassing the national average of N1,403.06.

This information is detailed in the recently released Transport Fare Watch for July 2024 by the National Bureau of Statistics (NBS).

According to the data, the average waterway transportation fare in the South South zone experienced a slight 0.26% decline compared to June 2024 and a 2.34% decrease compared to July 2023.

The NBS report also highlighted that the South West zone, with an average fare of N1,361.34 in July 2024, had the second-highest waterway transportation fare among the six geopolitical zones. This represented a slight 0.33% decline compared to June 2024, but a 4.72% increase compared to July 2023.

The North Central zone recorded the third-highest waterway transportation fare in July 2024, with an average of N1,003, reflecting a 1.38% decline from June 2024 but a 2.49% increase compared to July 2023’s figure of N978.65.

The South East zone ranked fourth, with an average fare of N931.04 in July 2024, showing a 0.65% decline from the previous month’s N937.11 and a 0.32% decrease from the N934.04 recorded in July 2023.