Oyogist has learned that the Governor of Lagos State, Mr. Babajide Sanwo-Olu has approved the increase in all Bus Rapid Transit (BRT) and Standard routes fares.
According to Sanwo-Olu, the fares will be increased by N100.
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.
According to the request, “These measures are indispensable in the current global economic and environmental reality to ensure the sustainability of the BRI operation.”