The Lagos State Government has approved a 13 per cent increase in fares across all services under the Bus Reform Initiative, which includes the Bus Rapid Transit system and standard bus routes throughout the state.

Governor Babajide Sanwo-Olu granted the approval after receiving a passionate appeal from regulated public transport operators, who highlighted the mounting challenges threatening the long-term viability of their operations in Nigeria’s current economic climate.

In a statement by Head of Corporate Communication, LAMATA Kolawole Ojelabi, the revised fare structure will come into effect from Monday, March 2, 2026.

“The adjustment is designed to help offset the severe impact of ongoing economic pressures on public transport providers. It also aligns with the state’s previously established annual fare review mechanism. The urgency of the measure is driven by persistent inflationary trends.

“Data from the National Bureau of Statistics shows Nigeria’s headline inflation rate stood at 15.15 percent in December 2025, with only slight moderation to around 15.1 percent in January 2026, levels that continue to exert heavy strain on operating costs,” the statement added.

The statement added that bus operating companies have been contending with sharply rising expenses in several key areas, including vehicle maintenance and repairs, imported spare parts, and staff salaries, particularly following the rollout of the new national minimum wage.

“In addition, operators are committing significant resources to fleet renewal, procuring newer, cleaner, and more fuel-efficient buses to boost passenger comfort, maintain high service standards, and advance environmental sustainability goals in Lagos.

“The state government sought to reassure commuters that the decision reflects a careful effort to balance affordability with operational necessities. (The PUNCH, excluding headline)

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