Following the exponential increase in the pump price of diesel from N187 to N830/litre, Governor Babajide Sanwo-Olu has approved a flat rate increase of N100 in bus fares for all Bus Rapid Transit (BRT) and Standard routes with effect from July 13, 2022.
The fare increase is reportedly aimed at ensuring sustainability of the BRT and standard route schemes in the state.
With the increase, a bus ride from Ikorodu –
TBS will now cost N600 from N500 while Berger to Ajah will cost N700, up from
N600. Oshodi to Abule Egba will cost N450 from N350 and Abule-Egba-CMS-Obalende
will attract a fare of N600.
The Assistant Director, Corporate Communication
at the Lagos Metropolitan Area Transport Authority (LAMATA), Kolawole
Ojelabi in a statement lamented that the operations of the transport scheme has
recently 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.
He also stated that the exponential increase in
the pump price of diesel from N187 to N830/litre between August 2020 and June,
2022, has greatly affected optimal performance of the bus operating companies
leading to the withdrawal of some buses from operation and longer waiting time
at bus stations.
-Dailytrust
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