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The
increase, which will come into effect on Wednesday, 13 July 2022, is
aimed at ensuring sustainability of the BRT and standard route schemes.
 The Governor of Lagos State, Mr. Babajide Sanwo-Olu has given
approval for an increase in all Bus Rapid Transit (BRT) and Standard
routes fares.
According to Sanwo-Olu, the fares will be increased by N100.
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 increase, which will come into effect on Wednesday, 13 July
2022, is aimed at ensuring sustainability of the BRT and standard route
schemes.
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.
In view of the economic situation, the government is also providing
support for the Bus Operating Companies in view of the continuous
increase in fuel price. This is to ensure that the increment to the
passenger is kept to a minimum.
The fare increase notwithstanding, government noted that whatever
support this would provide to the operators, it would still not cover
the cost of fueling, thus likely to put the continued survival of the
bus operations on a tight rein.
The Governor also approved the appeal by the Lagos Metropolitan
Area Transport Authority (LAMATA) for the conversion of the current
diesel buses in operation to the use of compressed natural gas (CNG) and
a shift to economically viable and environmentally friendly mobility
energy solution that are cost efficient and maximize operations cost
such as electric vehicles, hydrogen buses and the development of hybrid
energy sources as alternative fueling for the current Bus Reform
Initiative (BRI) buses.
According to the request, "These measures are indispensable in
the current global economic and environmental reality to ensure the
sustainability of the BRI operation." |
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