The Lagos State Government has approved a 13 per cent increase in fares for all services under the Bus Reform Initiative.
The adjustment covers the Bus Rapid Transit system and other regulated bus routes operating across the state.
Governor Babajide Sanwo-Olu approved the new fares after transport operators made a strong appeal to the government.
The operators explained that rising costs and economic pressure were affecting their ability to continue running services smoothly in the current situation in the country.
In a statement released by the Head of Corporate Communication at the Lagos Metropolitan Area Transport Authority, Kolawole Ojelabi, the new fare structure will take effect from Monday, March 2, 2026.
According to the agency, the increase is meant to help transport providers manage the effect of economic challenges.
“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 read in part.
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