INFLATION: Lagos Approves Hike In BRT Fares By N100

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Lagos State Governor, Babajide Sanwo-Olu has approved a flat rate increase by N100 in bus fares for all Bus Rapid Transit, BRT, and Standard routes as part of measures to sustain operations.

The increase, which is scheduled to commence on Wednesday, 13 July 2022, was said to aim at ensuring sustainability of the BRT and standard route schemes.

Assistant Director, Corporate Communication, Lagos Metropolitan Area Transport Authority, LAMATA, Kolawole Ojelabi, who announced this yesterday, explained that the operations of the transport scheme, in recent times had been hampered due to rising cost of inputs required for sustainable service offering and the attendant high number of buses out of operation as a result of lack of spare parts.

“For instance, the exponential increase in the pump price of diesel from N187 to N830/litre between August 2020 and June, 2022, had greatly affected optimal performance of the bus operating companies leading to the withdrawal of buses from operation and longer waiting time at bus stations.

New Rates
When the new rates finally commence, a bus ride from Ikorodu – TBS will cost N600 from N500, while Berger to Ajah is now N700, up from N600. Oshodi to Abule Egba will cost N450 from N350 and Abule-Egba-CMS-Obalende will attract a fare of N600.

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