Primero Transport Services Limited, operators of the Bus Rapid Transport (BRT), has disclosed that fares will increase by about 50 per cent due to the impact of the COVID-19 pandemic on its business.
The move is coming amidst dwindling income of Lagosians due to the impact of the COVID-19 pandemic on the Nigerian economy as lockdowns prevent full business activities. Today’s ECho gathers that despite the partial lifting of the lockdown in Lagos, there is still a night curfew that limits the amount of time available for business activities.
The company on Thursday said it got approval from the regulator of the sector, the Lagos State Metropolitan Area Transport Authority, to increase the fares.
Recall that the company had withdrawn its services on Monday owing to losses caused by the new guidelines of government which restricted the number of commuters on BRT to 20 per trip instead of 70.
Following the development, Mr. Fola Tinubu, the BRT Managing Director, told newsmen that the management of the company would resolve the issues after a meeting with the government.
After the meeting, Tinubu said an agreement had been reached for the fares to be increased.
He said, “We are going to increase our pricing effective from Friday, May 29 (today). We agreed on this after our talk with the Lagos State Government.
“Everywhere commuters are paying N200 for a trip, it is going to be N300 and everywhere commuters are paying N300 per trip, it is going to be N500.
“We are increasing our fares. We have secured the permission of the regulator, Lagos State Metropolitan Area Transport Authority.”
He said the number of passengers on the buses would also be increased to 42, with no passenger standing on buses as against 20 earlier approved by the government.
The LAMATA External Relations Specialist, Kola Ojelabi, confirmed the development.