The Lagos state government has approved a 13 per cent increase in fares across Bus Reform Initiative (BRI) schemes, including Bus Rapid Transit (BRT) and standard routes.
This was made known in
a statement by the state government.
The statement said
operators were also investing in newer, cleaner and more fuel-efficient buses
to improve service delivery, enhance passenger comfort
and promote
environmental sustainability.
Governor Babajide
Sanwo-Olu granted the approval, following appeals by regulated public transport
operators, who cited rising operational costs and concerns
over the sustainability
of transit services amid prevailing economic pressures.
The revised fare
structure will take effect from March 2.
The government said the
adjustment was intended to cushion the impact of sustained economic challenges
on public transport operations, adding that it aligned
with the state’s
approved annual fare review mechanism.
The statement said the
review was necessitated by persistent inflationary trends, noting that
Nigeria’s inflation rate closed 2025 at 15.2 per cent, according
to data from the
National Bureau of Statistics.
Bus Operating Companies
(BOCs), the government said, had continued to grapple with increased costs,
including vehicle maintenance, spare parts and workers’
salaries, particularly
following the implementation of the new national minimum wage.
The government
reassured commuters of its commitment to balancing affordability with the need
to provide safe, reliable and efficient public transportation
across the state.
0 Comments:
Post a Comment