Nigerians Decry Soaring Transport Fares Despite Drop in Fuel Prices and CNG Rollout

Despite a reduction in fuel pump prices and the Federal Government’s introduction of Compressed Natural Gas (CNG) as a cheaper alternative to petrol, transport fares across Nigeria have remained significantly high, sparking widespread public frustration.

Surveys conducted at major motor parks in Lagos, Ogun, and Oyo states reveal that commuters continue to struggle with unaffordable fares. The high cost of transportation has persisted since petrol prices surged to around ₦1,200 per litre, with a fare increase of nearly 400% reported since the beginning of President Bola Tinubu’s administration.

Investigations attribute much of the fare inflation to the heavy levies imposed on commercial drivers by various transport unions. These include booking, loading, and ticket fees paid daily by drivers, creating a financial strain that is eventually passed down to passengers.

Data from the National Bureau of Statistics (NBS) indicates that the average fare for intercity bus journeys rose to ₦7,122.57 in April 2024, up from ₦3,994.51 in April 2023. Although a slight decline of 0.43% was recorded from March 2024, overall fares remain steep.

The rising transport costs are reportedly impacting small and medium-scale enterprises, as many traders are unable to keep up with increased logistics expenses. Transport unions, operating with minimal oversight, have been accused of unregulated activities that disrupt pricing and overload vehicles, compromising both comfort and safety for passengers.

Drivers have expressed concern that the current structure of the commercial transport system is unsustainable. Many report that high union dues and operational costs leave them with minimal profit, leading to difficulty maintaining their vehicles and reliance on hire-purchase schemes controlled by union executives.

Calls are growing louder for government intervention to regulate the activities of transport unions, enforce fair pricing practices, and provide relief for both transporters and commuters. Stakeholders argue that a more structured and accountable transport system is essential to economic growth and public welfare.