BUSINESS
NIGERIANS PAY 131% MORE FOR OKADA FARES IN THREE YEARS
The cost of commercial motorcycle (okada) rides has skyrocketed by 131% over the past three years, according to a recent survey by transport and consumer groups.
The sharp increase has been attributed to rising fuel prices, inflation, and the high cost of vehicle maintenance. Many riders have passed on these expenses to passengers, making daily commutes more expensive for millions of Nigerians who rely on okada for quick and affordable transportation, especially in traffic-prone areas.
Commuters have expressed frustration over the surge, noting that it significantly impacts their monthly budgets. Some have resorted to walking longer distances or using alternative transport options where available.
Transport unions acknowledged the challenges faced by riders but called for government intervention to stabilise fuel prices and provide support for the sector. They also urged riders to maintain reasonable fares to avoid losing customers.
Experts recommend the promotion of mass transit systems and alternative mobility solutions to reduce dependence on okada and ease the financial burden on citizens. The development highlights the broader impact of economic pressures on everyday transportation costs in Nigeria.