Tuesday, February 24 2026 -The Lagos State Government has approved a 13 per cent increase in fares across all Bus Reform Initiative (BRI) schemes, including Bus Rapid Transit (BRT) and standard routes.
In a statement released today February 23, the Lagos
Metropolitan Area Transport Authority (LAMATA), said Governor Babajide
Sanwo-Olu gave the approval following a passionate appeal from regulated public
transport operators, who raised concerns over the sustainability of transit
operations amid mounting economic pressures.
According to the state government, the adjustment is aimed
at cushioning the impact of sustained economic challenges affecting public
transport operations.
It said that the new fare structure would take effect from
Monday, March 2, 2026.
“The review
is also in line with the previously approved annual fare review mechanism. The
urgency of the review, officials noted, is underscored by persistent
inflationary trends, with Nigeria’s inflation rate closing 2025 at 15.2 per
cent, according to data from the National Bureau of Statistics (NBS),” the
statement read
It further noted that Bus Operating Companies (BOCs) had
continued to grapple with rising operational costs, including increased
expenses for vehicle maintenance, spare parts, and staff salaries, particularly
following the implementation of the new national minimum wage structure.
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