The cost of bus fares for intracity journeys rose by 98% after the fuel subsidy removal, with a 39% increase in just 18 months

After the fuel subsidy was removed, the cost of bus fares for intracity journeys rose by 98% between May 2023 and June 2023. In just 18 months, fares increased by 39%  significantly affecting commuters.

Source:

National Bureau of Statistics

Period:

2023-2024
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Lagos, Rivers, and four other states account for 52% of all Nigerian states' domestic debt and 40% of their external debt
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