The National Bureau of Statistics has revealed that the cost of transportation in Nigeria by motorcycle popularly known as “okada” rose by 102.46% year-on-year in March 2021 to stand at N271.44.
According to the report, the average fare paid by commuters for journey by motorcycle surged by 1.76% month-on-month and 102.46% year-on-year.
It reportedly increased from N134.07 recorded in March 2020 to N271.44 in March 2021.
The increase could be partly attributed to the increase in the price of fuel across the country, the ban on okada in some areas, and the effect of the Covid-19 pandemic, which affected most aspects of the country’s economy.
States with the highest journey fare by motorcycle per drop were Rivers (N420.35), Taraba (N420.15), and Yobe (N420.1).
States with the lowest journey fare by motorcycle per drop were Adamawa (N90.43), Katsina (N147.64), and Niger State (N159.2).
