Lagos State Governor Babajide Sanwo-Olu yesterday announced 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 Red Line began passenger operations on September 15, 2024 with six trips daily, but increased to nine trips per day on February 10.
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