Lagos State Governor, Babajide Sanwo-Olu has approved a flat rate increment of N100 in bus fares for all Bus Rapid Transit (BRT), and Standard routes as ways to sustain operations, due to the rising price of diesel which is affecting the performance of bus-operating companies. The Assistant Director of Corporate Communication, Lagos Metropolitan Area Transport Authority (LAMATA), Mr. Kolawole Ojelabi made this known in a statement on 30th June 2022, stating that the increase in fare is expected to take effect from 13th July 2022.
He said, “The increase, which will come into effect on July 13, is aimed at ensuring the sustainability of the BRT and standard route schemes. These measures are indispensable in the current global economic and environmental reality to ensure the sustainability of the Bus Reform Initiative operation.
“With the increase, a bus ride from Ikorodu – Tafawa Balewa Square will now 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.”
Ojelabi noted that the governor, in consenting to the fare increase, also approved a proposal for a bailout for the bus operating companies.
He added that this was to cushion the effects of the harsh operating environment and safeguard private partnership investment and forestall the demise of formalized bus operations in the state.
