Diesel cost: NRC hikes fares on Lagos-Ibadan-Abeokuta route

Fuel pump at Petrol Station. Diesel Pump.

The Nigeria Railway Corporation (NRC) has released new prices for Lagos-Ibadan and Lagos-Abeokuta train services. The NRC, in a memo addressed to its station managers and staff, said the decision to increase the fares was due to the high cost of diesel.

“The new fare on Lagos – Ibadan Train Service (LITS): “Lagos – Ibadan, and Ibadan – Lagos; First class (N9,000); Business (N6,500); Standard- adult (N3,600), minor (N3,000).

“Lagos – Abeokuta, and Abeokuta – Lagos; First class (N6,000); Business (N4,500); Standard- adult (N3,000), minor (N2,000). “Abeokuta – Ibadan, and Ibadan – Abeokuta; First Class (N3,000); Business (N2,000); Standard- adult (N1,000), minor (N600),” the memo stated.

Before now, First Class from Ibadan to Lagos cost N6,009, Business Class N4,000 and Standard Class was N2,600. The new rate regime commenced on Monday.

The NRC transports average of 2,000 passengers per weekday, and more on weekends. NRC had last week said that the increased cost of diesel and other logistics can be a significant determinant in the new price of train services.

The corporation’s managing director (MD), Fidet Okhiria, had said the increase in price would be done while considering the interests of Nigerians.

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