Lagos State Governor, Mr. Babajide Sanwo-Olu on Tuesday announced a 30 per cent reduction in the fares of Lagos Rail Mass Transit (LRMT) Red Line.
He also inaugurated Abule-Egba Bus Terminal, a key infrastructure project designed to enhance public transportation.
With the new fares, a trip between Agbado and Oyingbo will now be N1,000, as against N1,500 before the announcement.
‘We have looked at the numbers and have therefore decided to have 30 per cent reduction in the fares paid on the Red Line. This means a trip from Agbado to Oyingbo will now cost N1,000.
‘Today because it is about transportation, we’ve done our numbers, we feel good and so I want to announce that today, we’re reducing fares on our Red Line immediately. We will be doing 30 per cent reduction to bring down the fare from N1,500 to N1,000’, the governor said.
The rebate, he said, was aimed at encouraging wider adoption of the Red Line and providing some relief to commuters amid current economic realities.
The Red Line began passenger operations on 15 September 2024 with six trips daily, but increased to nine trips per day on February 10.
At the inauguration of the terminal, located on Oshodi-Abule Egba Expressway, and strategically positioned to complement Bus Rapid Transit (BRT) operations along Oshodi-Abule Egba corridor, Governor Sanwo-Olu emphasised the importance of the new terminal in improving connectivity and easing commuting challenges for residents of the area and Lagos at large.
‘This Abule Egba Bus Terminal is a testament to our administration’s commitment to providing efficient and accessible public transportation for Lagosians’, the governor said.
‘It will serve as a vital hub, seamlessly integrating with the BRT network and offering a comfortable and organised transit experience’.
