Dabiri said that the bus fare will be increased from 20 to 50 percent due to the economic downturn. Dabiri revealed that a BRT trip from Ikorodu to CMS will now cost N300 from the former N195, while a trip from Ikorodu to Mile 12 which was valued at N75 will henceforth be N100.
He revealed that the Lagos state government is taking this measure so as to avoid the transport franchise from collapsing, considering the state of the economy. He revealed that as part of the process to make transportation affordable, private sector operators will be licensed to assist in providing safe and affordable transportation.
Dabiri added:
“The current financial crunch, however, has seen average cost of operations increase to up to about 110 percent. With cost of fueling going up by 71 percent, oil prices up by 64 percent, tyre costs up to 90 percent, continued operations is thereby threatened.
“In view of this, and with government responsibility to avert a collapse of the franchise scheme which currently serves over 500,000 commuters daily, the Lagos State Government had to consider the request of the operators for an upward review of bus fares. It is important to note that current prices on some of these schemes have stayed constant for more than six years for some operators.”
Source: The Nation
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