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Commuters using the Bus Rapid Transit more known as BRT are in for another swell ride as the Lagos State Governor, Mr. Babajide Sanwo-Olu, has approved a 100 flat rate increase in fares for the Standard routes.
In the new flat-rate, a bus ride from Ikorodu – TBS 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.
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The increase which is predicated on ensuring the sustainability of the BRT and the standard route schemes will come into effect on Wednesday, 13th July 2022.
Sanwo-Olu also approved a proposal for a bailout for the bus operating companies (route franchise operators/concessionaires), to cushion the effect of the harsh operating environment, safeguard private partnership investment, and forestall the demise of formalized bus operations in the state.
To cushion the economic implication of the fare increase, the government says it would be providing support for the Bus Operating Companies in view of the continuous increase in fuel price, and also to ensure that the increment to the passenger is kept to a minimum.
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