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NBS Transport Fare Watch data showed that okada fares jumped from N464.55 in May 2023 to N1,072.51 in May 2026The sharp rise followed petrol subsidy removal and naira depreciation, which pushed up fuel and maintenance costsTransport fares also climbed across buses, intercity roads, air travel and water routes in May 2026
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
Nigerians now pay more than twice as much for a motorcycle taxi ride compared to when President Bola Tinubu took office in May 2023, according to data from the National Bureau of Statistics.
Figures drawn from the NBS Transport Fare Watch reports for May 2023 and May 2026 show that the average okada fare climbed from N464.55 to N1,072.51 over the three-year period, a rise of N607.96, or 130.87 per cent.
Nigerians Spend More on Okada as Fares Rise 130% in 3 Years of Tinubu’s AdministrationSource:
