The Lagos State Government has approved a 13 per cent increase in fares across services under the Bus Reform Initiative, covering the Bus Rapid Transit system and standard bus operations across the state.
Governor Babajide Sanwo-Olu granted the approval following appeals from regulated public transport operators, who cited rising operational costs and economic pressures affecting the sustainability of their services.
In a statement issued by the Head of Corporate Communication at Lagos Metropolitan Area Transport Authority, Kolawole Ojelabi, the revised fare structure will take effect from Monday, March 2, 2026.
According to the agency, the adjustment is aimed at cushioning the impact of persistent inflation and escalating expenses faced by operators. The review is also in line with the state’s annual fare adjustment framework.
Citing data from the National Bureau of Statistics, the statement noted that Nigeria’s headline inflation stood at 15.15 per cent in December 2025, moderating slightly to about 15.1 per cent in January 2026. The agency said these inflation levels continue to exert significant pressure on operating costs.
Transport operators have reportedly grappled with rising costs of vehicle maintenance, imported spare parts, and staff remuneration, particularly following the implementation of the new national minimum wage. They are also investing in fleet renewal, procuring newer and more fuel-efficient buses to improve passenger comfort and maintain service standards.
The state government, however, assured commuters that the decision was taken after careful consideration, with efforts made to balance affordability for passengers and the operational sustainability of transport providers.
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