Arimero Transport Services Ltd., operator of Bus Rapid Transit (BRT) in Lagos State, says it is planning an upward review of transport fares across all routes in the state to meet up with current realities.
Managing Director of the firm, Fola Tinubu, made the disclosure in an interview with News Agency of Nigeria (NAN) in Lagos yesterday. Tinubu said the current fares were grossly inadequate if the firm was to provide better services for the people of Lagos.
According to him, cost of operating the buses have increased so much that the firm is finding it difficult to survive and sustain operations. He said: “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. With the increase, we will be able to roll out enough buses to meet the need of the state’s teeming commuters.’’Tinubu said the firm was already concluding plans to engage the Lagos Metropolitan Area Transport Authority (LAMATA), the regulator of BRT, and push for the review.