Fola Tinubu explains increase in LAGBUS
THE Managing Director of Primero Transport Services Limited, Mr. Fola Tinubu has justified the reason the company increased transport fares. The increment which commenced last month was increased by 25%. Speaking with the community media practitioners at Alausa-Ikeja, recently, Tinubu said that though the government was mindful of the current financial difficulties residents were going through, it has to approve the fare increase to save the bus schemes from collapse. Tinubu said what the bus operators spent on fuel, oil and tyre had gone up above 100% threatening their operations. “In view of this and with government’s responsibility to avert a collapse of the transport service which currently serves millions of commuters daily, government had to consider request by the operators for an upward review of the bus fares out of necessity. It cost’s a lot of money to change transport system in Nigeria, we must have a lot of money to keep it floating. The increase was because cost price...