Users of the popular Bus Rapid Transit (BRT) run by the Lagos Metropolitan Area Transport Authority (LAMATA) will pay more for its services.
According to LAMATA in a statement Thursday, the 18 percent increment will begin on Monday.
“Please be informed that there will be an 18 percent increase in the bus fare on all Bus Reform Initiative (BRI) schemes,” part of the notice read.
“The fare increase is because of the increase in the cost of operations and the need to ensure that buses keep running and guarantee your movement around Lagos”.
LAMATA’s announcement came a few hours after the Nigerian National Petroleum Company Limited effected a reduction in the price of Premium Motor Spirit otherwise called petrol, from N960 to N945 per litre at its filling stations.
In the same vein, Dangote Petroleum Refinery and Petrochemicals, which on Tuesday, announced a reduction in the cost of its diesel from N1,075 to N1,020 per litre at the gantry price, had also on February 1, slashed its ex-depot price for fuel from N950 to N890, which took effective from Saturday.
