RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

Lagos Commuters Grapple with Soaring Bus Fares Amid Deepening Fuel Crisis

Akpan Edidong by Akpan Edidong
April 29, 2024
in Economy
Reading Time: 1 min read
A A
0
Fuel Subsidy Removal Negatively Impacts 90% of Nigerian Businesses
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

As fuel scarcity continues to grip Lagos and other major cities, commuters are facing skyrocketing bus fares and longer waits for public transportation, impacting their daily routines and livelihoods.

Tricycles and buses, vital for daily commutes, have become scarce as operators struggle to obtain fuel. Many filling stations have halted sales, while those still operating are charging prices well above the normal range.

AlsoRead

CBN Opens Official FX Window to BDCs with $150,000 Weekly Limit  

Nigeria Records $10.83 Billion Trade Surplus in First Nine Months of 2025 on Stronger Exports

CBN Reopens Official FX Window to Licensed BDCs with $150,000 Weekly Purchase Cap

Observations on Monday morning revealed crowded bus stops and parks across Lagos, with commuters stranded due to the scarcity of available vehicles. At locations like Ojota, queues formed as people awaited tricycles and minibuses, only to find them in short supply.

For those lucky enough to secure a ride, fares remained steep. While some routes maintained usual rates, others saw prices double or even triple. Chichi, a commuter from Pencinema, Ogba, lamented paying N400 instead of the usual N200 fare to Ikeja, reflecting a 100% increase attributed to the fuel scarcity.

Similarly, Tolulope faced a forty-minute delay on her journey from Iyana Oworo to Allen in Ikeja, arriving late to work and paying an extra N200 due to inflated fares.

The disparity in fuel prices adds to commuters’ woes. While some areas reported fuel selling at N700 to N1,000 per litre, others saw prices soar as high as N1,500 on the black market. Drivers cited difficulties in obtaining petrol as the reason for increased fares, with some forced to resort to expensive alternatives.

The ongoing fuel crisis exacerbates existing transportation challenges in Lagos, posing significant hardships for residents reliant on public transit. As commuters grapple with higher costs and longer waits, the need for swift resolution of the fuel scarcity becomes increasingly urgent.

Tags: #Lagosbus farescommutersFuel Crisis
Previous Post

Naira Records 10% Surge Against Dollar Amid EFCC’s Crackdown on Speculators

Next Post

Tinubu Addresses WEF: Nigeria’s Subsidy Removal to Prevent Economic Collapse

Related News

Naira Surges Against US Dollar, Falls Below N1,000 Mark

CBN Opens Official FX Window to BDCs with $150,000 Weekly Limit  

by Stephen Akudike
February 12, 2026
0

The Central Bank of Nigeria (CBN) has granted licensed Bureau De Change (BDC) operators direct access to the Nigerian Foreign...

IMF Lists Top 10 African Nations with Highest Debt Burdens

Nigeria Records $10.83 Billion Trade Surplus in First Nine Months of 2025 on Stronger Exports

by Jide Omodele
February 11, 2026
0

Nigeria posted a robust trade surplus of $10.83 billion in the first nine months of 2025, with exports of $44.06...

CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.

CBN Reopens Official FX Window to Licensed BDCs with $150,000 Weekly Purchase Cap

by Stephen Akudike
February 12, 2026
0

The Central Bank of Nigeria (CBN) has granted licensed Bureau De Change (BDC) operators renewed access to the Nigerian Foreign...

CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.

CBN Governor Cardoso Warns Excess Liquidity and 2027 Elections Threaten Nigeria’s Hard-Won Stability

by Stephen Akudike
February 11, 2026
0

The Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has issued a stark warning that the combination of persistent excess...

Next Post
Key Takeaways From President Tinubu Speech.

Tinubu Addresses WEF: Nigeria's Subsidy Removal to Prevent Economic Collapse

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Naira Surges Against US Dollar, Falls Below N1,000 Mark

CBN Opens Official FX Window to BDCs with $150,000 Weekly Limit  

February 12, 2026
OPEC – Nigeria’s oil production decreases to 972 tb/d

Nigeria’s Crude Oil Output Rises to 1.459 Million bpd in January 2026, Still Below OPEC Quota

February 12, 2026

Popular Story

  • kms tools office 2024 ✓ Activate Microsoft Office Easily ➔ Step-by-Step Guide

    0 shares
    Share 0 Tweet 0
  • e-IPO platform under-way, says NSE President

    0 shares
    Share 0 Tweet 0
  • CCA seeks development of Nigeria, US trade

    0 shares
    Share 0 Tweet 0
  • Bitcoin hits a $50,000 all time high

    0 shares
    Share 0 Tweet 0
  • SERAP sues Buhari over $25 billion Ways & Means loan

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>