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Value of Rice Will increase 60%, Yam 45% as Transport Fare Spikes — NBS Report
The Nationwide Bureau of Statistics (NBS) yesterday, stated the value of 1 kilogram (kg) of native rice offered free elevated year-on-year (YoY) by 60.5 p.c to N757.06 in September 2023 from N471.42 in September 2022.
The Bureau disclosed this in its ‘Chosen Meals Value Watch’ report for September 2023, noting that the value of yam and beans additionally elevated YoY by 45 p.c and 28 p.c respectively through the evaluate interval.
The Bureau acknowledged: “The common worth of 1kg of rice native offered free elevated by 60.59 p.c on a YoY foundation from N471.42 in September 2022 to N757.06 in September 2023.
“The common worth of 1kg of beans brown (offered free) rose by 28.76 p.c on a YoY foundation from N556.81 in September 2022 to N716.97 in September 2023.
“The common worth of 1kg of Yam tuber rose by 45.11 p.c on a YoY foundation from N409.23 in September 2022 to N593.83 in September 2023.
“The common worth of 1kg of beef boneless stood at N2,816.91. This means 28.08 p.c rise in worth on a YoY foundation from N2,199.37 rec-orded in September 2022.”
In the meantime in its ‘Transport Fare Watch’ report for September 2023 the NBS stated that the common fare paid by commuters for bus, air, okada and waterways transport journeys elevated through the interval.
“The common fare paid by commuters for bus journeys inside the metropolis per drop elevated by 0.11 p.c from N1,336.38 in August to N1,337.80 in September 2023.
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“On a year-on-year foundation, it rose by 117.29 p.c from N615.69 in September 2022.
“In air journey, the common fare paid by air passengers for specified routes single journey was N79,013.48 in September 2023, displaying no vital variations within the fare paid within the earlier month.
“On a year-on-year foundation, the fare rose by 8.70 p.c from N72,690.54 in September 2022.
“The common transport fare paid on Okada transportation was N646.29 in September 2023 which was 0.03 p.c enhance in comparison with the worth recorded in August 2023 (N646.12).
“On a year-on-year foundation, the fare rose by 48.66 p.c in comparison with September 2022 (N434.73).
“For water transport (waterway passenger transportation), the common fare paid in September 2023 in-creased to N1,406.84 from N1,406.74 which signifies a rise of 0.01 p.c on month-to-month foundation.
“On a year-on-year foundation, it elevated by 43.53 p.c from N980.20 in September 2022.”
“On state profile evaluation, for intercity bus journey (state route charged per particular person fare), the very best fare was recorded in Abuja with N8,525.42, adopted by Anambra with N8,055.00.
“The least fare was record-ed in Kwara with N3,520.16, adopted by Zamfara with N3,750.13.
“Equally, Delta recorded the very best air transport prices (for specified routes single journeys) with N87,000.90, adopted by Enugu with N85,000.00.
“Conversely, Abia recorded the least fare with N70,000.10, adopted by Niger with N73,000.00. “Additionally, Lagos state had the very best motorbike transport fare in September 2023 with N900.17, adopted by Taraba with N850.74.”
