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CSEA — Centre for the Study of the Economies of Africa
  • ABOUT
    • CSEA
    • Story of Impact
    • Funding
    • Board of Trustees
    • Resident Staff
    • Non-Resident Staff
    • Our Founder
  • RESEARCH AREAS
    • Global Economic Governance (GEG)
    • Macroeconomics and Public Financial Management (PFM)
    • Poverty Reduction and Inclusive Growth (PRIG)
    • Environment, Natural Resources and Energy (ENRE)
    • Human Capital Development (HCD)
    • Trade and Investment (TI)
  • PUBLICATIONS
    • Working Papers
    • Macroeconomic Report & Economic Updates
    • Policy Brief & Alerts
    • Project Reports
    • Annual Report
    • Nigeria Economic Chart Park
    • Journal Articles and Book Chapters
    • Discussion Papers & Case Study
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      • Data Governance Snapshot
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    • Strengthening Institutions to Improve Public Expenditure and Accountability (SIIPEA)
    • RISE Nigeria Project
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Mar 01, 2023
UNCATEGORIZED
PUBLICATIONS
MACROECONOMIC REPORT & ECONOMIC UPDATES

Nigeria Economic Update(Issue 5)

Nigeria Economic Update(Issue 5)

There was a general increase in transport fares across different modes of transportation in the country in December 2022. The report on transport fares released by the National Bureau of Statistics (NBS) in January 2023 revealed that the average fare paid by passengers for bus journey within the city per drop increased from N637.10 in November 2022 to N644.66 in December 2022, representing a 1.19% increase on a month-on-month basis.

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