Bus fares rise 39%, okada costs 52% as Nigerian businesses seek cheaper delivery models

The average fare for bus journeys within Nigerian cities rose to N1,431.25 in May 2026, up 38.63 percent from N1,032.46. Similarly, okada (motorcycle) fares increased by 52 percent. These rising transportation costs are prompting Nigerian businesses to seek cheaper delivery models. The increase in fares is attributed to various economic factors, including fuel prices and inflation. Businesses are now exploring alternative logistics solutions to mitigate the impact on their operations.

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