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Nairametrics
Home Business News

BRT ‘Will Increase’ Fares In March 2017

Onome Ohwovoriole by Onome Ohwovoriole
February 13, 2017
in Business News
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People may have to budget a bit more for transport in Lagos State. A few days after Governor Akinwunmi Ambode made known his intention to phase out danfo by the ending of the year, he approved the increase in LAGBUS and BRT fares effective March 1st this year.

Lagbus are the blue buses run by the Lagos State Metropolitan Transport Authority (LAMATA). MD of the agency, Mr Abiodun Dabiri said the increase was due to spiraling cost of fuel, and spares such as oil and tyres.

Lagbus MD Mr Idowu Oguntona on the other hand, said that the new fare regime would affect the 63 routes the firm covers.

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[read more=”Read more” less=”Read less”]

Twitter user Seyi Osiyemi made this known in a series of tweets.

Dear Esteemed Customers,
LAGBUS Asset Managt Ltd, operators of Red BRT buses, will implement an upward review of its fares from 1st March.

— SEYI OSIYEMI (@seyi_osiyemi) February 13, 2017

This is will be the second time LAGBUS, since its inception in 2007, will increase passenger fares. The first review was undertaken in 2009

— SEYI OSIYEMI (@seyi_osiyemi) February 13, 2017

From 1 March 2017, fares across all #LAGBUS routes are expected to increase between 20% – 50%

— SEYI OSIYEMI (@seyi_osiyemi) February 13, 2017

He also posted the new fares for selected routes.

1. #LAGBUS new bus fares, effective 1 March 2017. Leventis – Eko Hotel (N100), CMS-Ajah (N200), Ajah-Obalende (N200) Ajah-Oshodi (N300)

— SEYI OSIYEMI (@seyi_osiyemi) February 13, 2017

2. Festac-Broad st (N250) Festac-Oshodi (N150) Mile2-Idumota(N150) Ijede-Ikorodu(N70) Odogunyan -Ikorodu (N70) Oshodi-CMS (N150)

— SEYI OSIYEMI (@seyi_osiyemi) February 13, 2017

3. Ikotun-Oshodi(N120) Ikotun-Iya Iba(N100) Oshodi-CMS (N150) Abesan-Mile2 (N150) Cele-Inner Marina(N150) Iyana ipaja/Agege-berger (N150)

— SEYI OSIYEMI (@seyi_osiyemi) February 13, 2017

4. Agege Pen Cinema-Iju(N70) Agege-Alausa(N70) Oshodi-Mile2(N100) Iyana Ipaja -Iddo (N200) Yaba-Oyingbo (N70) Oshodi-UTurn (N120)

— SEYI OSIYEMI (@seyi_osiyemi) February 13, 2017

5. Oshodi-Iyana Ipaja(N70) Agbara-Tin Can(N200) Agbara-Orile(N200) Ishawo-CMS(N300) Oshodi-Apapa Wharf(N150) Igbogbo-Maryland (N150)

— SEYI OSIYEMI (@seyi_osiyemi) February 13, 2017

6. ikorodu-Oshodi(N200) Odogunyan-ojota (N150) Ikorodu-Mile2 (N300) Berger-Ikeja(N70) Ogba-Obalende (N150) Ajegunle-Oshodi?N120)

— SEYI OSIYEMI (@seyi_osiyemi) February 13, 2017

Do not be suprised if the danfo drivers follow suit. Galloping inflation and difficulties in accessing foreign exchange, have made operating in the transport sector a night mare.

[/read]

Tags: Akinwunmi Ambode
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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