Fola Tinubu, the Managing Director of Primero Transport Services Ltd., Bus Rapid Transit (BRT) operators in Lagos, has disclosed on Tuesday that the firm is planning an increase of transport fares across all routes in Lagos to meet up with current situations of the country, according to News Agency of Nigeria (NAN).
Tinubu said that the current fares were clearly not adequate if the organisation was to provide better services for the people of Lagos.
The Managing Director said, cost of operating the buses have increased so much that the firm is finding it difficult to survive and sustain operations.
According to him: “Primero is planning to approach the regulator for an increase in fares. The last increase we got was done three years ago and our cost of operations has really increased.
“The company is not in a good financial standing now to run and foot cost of maintenance and operation of buses.
“We understand the need to provide services to the people; I think the increase has become necessary in order to serve the people of Lagos better. Adding, “With the increase, we will be able to roll out enough buses to meet the need of the state’s teeming commuters.’’
He said that the current fares across routes were no longer enough for running the buses, and it had become overbearing for the firm to meet with the regulator.
Tinubu said that the firm was already ending plans to meet with the Lagos Metropolitan Area Transport Authority (LAMATA), the regulator of BRT, to push for the review.