The cost of waterways transportation increased by 16.28 per cent in one year, according to the Transport Fare Watch for January 2023 released by the National Bureau of Statistics .The cost of waterways transportation increased by 16.28 per cent in one year, according to the Transport Fare Watch for January 2023 released by the National Bureau of Statistics .
Further breakdown of the report showed that the South-South zone had the highest charges paid on water transport with N2,425.83, followed by the South-West with N950.08, while North-East had the least fare with N659.9. Reacting to the NBS report, stakeholders in the waterways transport sector blamed the high cost of boat spare parts, scarcity of fuel, cash crisis and other factors for the increase in the cost of water transportation.
“Also, the cost of spare parts has increased. To buy outboard engines, we are even having challenges because buying the parts is becoming a herculean task because they have become unnecessarily expensive. We are looking at the possibility of talking with the franchise to see if these parts are available.
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