Business
North Central zone records highest average domestic airfares in July 2024 – NBS
The North Central zone reported the highest average domestic airfares in Nigeria in July 2024, reaching N102,139.71 for a single journey on designated routes.
This figure surpassed the national average of N98,561.74 and was the highest among the six geopolitical zones in Nigeria, according to the Transport Fare Watch report for July 2024 released by the National Bureau of Statistics (NBS).
The average airfare in the North Central zone saw a significant increase of 20.10% from June 2024, when it was N85,047.73, and a substantial 33.77% rise compared to July 2023, which had an average of N76,357.14.
Following closely, the North East zone recorded the second-highest average airfare at N101,141.22 in July 2024. This represents a 12.80% increase from the previous month and a 25.02% rise from the same period last year.
The South-South zone came in third, with an average airfare of N97,757.55. This amount was 8.77% higher than the N80,083.33 reported in June 2024 and 22.07% above the average from July 2023.
Next, the South West zone had an average airfare of N96,917.80, reflecting a 5.19% month-on-month increase and a 22.94% rise compared to the previous year’s figures.
The North West zone had the lowest average airfare among the six zones, at N96,352.82, while the South East zone was slightly higher at N96,487.44.
The NBS report for July 2024 also provided a comprehensive overview of domestic flight costs across Nigeria based on the state level, revealing significant variations.
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