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    MarketForces Africa » MarketForces News » LAMATA Increases BRI Scheme by 18%

    LAMATA Increases BRI Scheme by 18%

    Olu AnisereBy Olu AnisereFebruary 13, 2025 News No Comments1 Min Read
    LAMATA Increases BRI Scheme by 18%
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    LAMATA Increases BRI Scheme by 18%

    The Lagos Metropolitan Area Transport Authority (LAMATA) has increased its entire Bus Reform Initiative (BRI) scheme fare by 18 per cent. The agency disclosed this on its official social media platform on Thursday.

    The statement read thus, “Please be informed that there will be an 18 per cent increase in the bus fare on all Bus Reform Initiative scheme.

    “The fare rise is because of the increase in the cost of operations and the need to ensure that buses keep running and guarantee your movement around Lagos.

    “The new fare will take effect from Monday. “We seek your understanding and cooperation,” it said.#LAMATA Increases BRI Scheme by 18%#

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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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