Business
Commuters Paid More For Transport In Dec, NBS Confirms
The National Bureau of Statistics (NBS) says commuters for a bus journey and other means of transport within and out the city increased in December, 2020.
The bureau disclosed this in its monthly Fare Watch report for December, 2020, published on its website, yesterday.
The report covers the bus journey within the city per drop constant route; bus journey intercity, state route, the charge per person; airfare charge for specified routes single journey; journey by motorcycle (Okada) per drop; and waterway passenger transport.
It, however, revealed that average fare paid by commuters for bus journey within the city increased by 6.18 per cent month-on-month and by 78.50 per cent year-on-year to N354.49 in December, 2020 from N333.86 in November, 2020.
States with the highest bus journey fare within city were Zamfara (N600.50), Bauchi (N526.30), and Cross River (N458.07) while states with lowest bus journey fare within city were Abia (N200.50), Anambra (N242.23), and Borno (N243.12).
Average fare paid by air passengers for specified routes single journey increased by 0.42 per cent month-on-month and by 18.54per cent year-on-year to N36,454.59 in December, 2020 from N36,301.74 in November, 2020.
Also, states with highest air fare were Anambra (N38,700.00), Lagos (N38,550.00), Cross River (N38,500.00), while states with lowest air fare were Akwa Ibom (N32,600.00), Sokoto (N33,500.00), and Gombe (N34,750.00).
The average fare paid by commuters for bus journey intercity increased by 4.98 per cent month-on-month and by 41.14 per cent year-on-year to N2,532.19 in December, 2020 from N2,240.66 in November, 2020.
Similarly, states with highest bus journey fare intercity were Abuja FCT (N4,415.73), Sokoto (N3,255.20), and Lagos (N3,250.60) while states with lowest bus journey fare within city were Bayelsa (N1,550.73), Bauchi (N1,600.70), and Akwa Ibom (N1,700.54).
The average fare paid by commuters for journey by motorcycle per drop increased by 6.14 per cent month-on-month and by 124.73 per cent year-on-year to N293.36 in December, 2020 from N276.38 in November, 2020.
States with highest journey fare by motorcycle per drop were Niger (N1,575.70), Yobe (N397.45) and Imo (N397.42), while states with lowest journey fare by motorcycle per drop were Adamawa (N80.40), Katsina (N130.25) and Kebbi (N146.25).
Average fare paid by passengers for water way passenger transport increased by 0.19 per cent month-on-month and by 33.56 per cent year-on-year to N758.27 in December, 2020 from N756.84 in November, 2020.
States with the highest fare by waterway passenger transport were Delta (N2,300.35), Bayelsa (N2,240.00) and Rivers (N2,200.00), while states with the lowest fare by waterway passenger transport were Borno (N240.73), Gombe (N293.24) and Kebbi (N349.64).
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
Business
Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
-
Niger Delta5 days agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Sports5 days agoSimba open Nwabali talks
-
Nation5 days agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Niger Delta5 days ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Niger Delta5 days ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Rivers5 days ago
Fubara Restates Continued Support For NYSC In Rivers
-
Oil & Energy5 days agoNUPRC Unveils Three-pillar Transformative Vision, Pledges Efficiency, Partnership
-
News5 days agoDiocese of Kalabari Set To Commence Kalabari University
