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.
