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

World Bank: Only 44% of Nigeria’s Social Aid Reaches the Poorest

The Double-Edged Sword of VAT in Nigeria: Exploitation or Economic Lifeline?

Lagos Dealers Offer “Ghost Registration” to Beat N140,000 Fee Surge

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

World Bank Extends Nigeria’s Digital Identification Project Deadline Amid Missed Targets

World Bank: Only 44% of Nigeria’s Social Aid Reaches the Poorest

by Jide Omodele
November 12, 2025
0

Billions of naira poured into Nigeria’s social safety nets are largely missing the mark, with just 44% of benefits landing...

The Double-Edged Sword of VAT in Nigeria: Exploitation or Economic Lifeline?

The Double-Edged Sword of VAT in Nigeria: Exploitation or Economic Lifeline?

by Stephen Akudike
November 12, 2025
0

As Nigeria grapples with the fresh implementation of the Nigeria Tax Act 2025, the Value Added Tax (VAT) system has...

Value of tokunbo cars drops by 47% in 2022 – NBS

Lagos Dealers Offer “Ghost Registration” to Beat N140,000 Fee Surge

by Victoria Attah
November 12, 2025
0

As official vehicle registration fees soar past N140,000 in 2025, a parallel black-market network has exploded in Lagos, promising “ghost...

NDIC Begins Verification Exercise for Insured Depositors of Defunct Peak Merchant Bank.

NDIC Gains Stronger Teeth to Prosecute Bank Failures, Speed Up Payouts to Depositors

by Jide Omodele
November 10, 2025
0

The Nigeria Deposit Insurance Corporation (NDIC) has announced a major upgrade in its legal arsenal, enabling it to more aggressively...

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

World Bank Extends Nigeria’s Digital Identification Project Deadline Amid Missed Targets

World Bank: Only 44% of Nigeria’s Social Aid Reaches the Poorest

November 12, 2025
Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

 Naira Slips for Second Day Running, Hits N1,438.71 per Dollar

November 12, 2025

Popular Story

  • The Double-Edged Sword of VAT in Nigeria: Exploitation or Economic Lifeline?

    The Double-Edged Sword of VAT in Nigeria: Exploitation or Economic Lifeline?

    0 shares
    Share 0 Tweet 0
  • World Bank: Only 44% of Nigeria’s Social Aid Reaches the Poorest

    0 shares
    Share 0 Tweet 0
  •  Naira Slips for Second Day Running, Hits N1,438.71 per Dollar

    0 shares
    Share 0 Tweet 0
  • Lagos Dealers Offer “Ghost Registration” to Beat N140,000 Fee Surge

    0 shares
    Share 0 Tweet 0
  • NDIC Gains Stronger Teeth to Prosecute Bank Failures, Speed Up Payouts to Depositors

    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}
?>