The Lagos State Government has jacked up the fare of the Bus Rapid Transit (BRT) with effect from July 13, 2022 across all routes in the metropolis.
The new fare sees an addition of N100 to the old fare being charged in all routes.
Lagos Metropolitan Area Transport Authority’s (LAMATA) Assistant Director, Corporate Communications, Kolawole Ojelabi, in a statement on Thursday said the hike was due to high operating costs.
He said the increase was aimed at ensuring sustainability of the BRT and standard route schemes.
“Operations of the transport scheme, of late, 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.
He said the increase was aimed at ensuring sustainability of the BRT and standard route schemes.
“Operations of the transport scheme, of late, 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,” he explained.
Ojelabi stated that Governor Babajide Sanwo-Olu has approved a proposal for a bail-out for the companies in order to cushion the effects of the, “harsh operating environment and safeguard private partnership investment.”