The Lagos State Government has announced an increase in fares for all regulated bus services in the state, TheNation reports.
The state Governor, Mr. Babajide Sanwo-Olu, gave the approval of a flat rate increase by N100 in fares for all Bus Rapid Transit (BRT) and Standard routes.
According to the report, with the increase, 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.
The Governor in consenting to the fare increase also approved a proposal for a bailout for the bus operating companies (route franchise operators/concessionaires), in order to cushion the effect of the harsh operating environment, safeguard private partnership investment, and forestall the demise of formalised bus operations in the state.
Discover more from KossyDerrickent
Subscribe to get the latest posts sent to your email.
