Price hike to take effect in February.
The Lagos Bus Rapid Transit (BRT) network is to introduce “marginally” higher fares on all routes from 1 February.
The price increase is the result of the rising cost of operations according to Fola Tinubu, managing director of BRT operator Primero Transport Services.
Tinubu told local media that this time last year Primero bought a monthly 1.2 million litres of diesel at N120 per litre, a price which has now risen to N260, while tyres that cost N70,000 each a year ago now cost N140,000 each.
In addition the spare parts for the vehicles, which come from China, have to be imported, adding to the company’s maintenance costs.
Tinubu said the price increase requires the approval of the Lagos governor but promised it would still be less than the current fares charged by the city’s commerical bus operators.