The removal of fuel subsidy in Nigeria has had a noticeable impact on road transport fares.
In August 2023, after the removal of the fuel subsidy, the average fare for city bus journeys per drop increased to N1,336.38 from N650.70 in January 2023.
The average transport fare for inter-state bus journeys in August was N5,918.18, significantly higher than in January. Motorcycle rides also became more costly, with an average charge of N646.12 per person.
The rise in transportation cost affects both short-distance city travel and long-distance inter-state journeys, impacting the daily lives of ordinary citizens.