Diesel cost: NRC hikes fares on Lagos-Ibadan train service

Date:

ABUBAKAR YUNUS,Abuja

The Nigeria Railway Corporation (NRC) has announced new fares for Lagos-Ibadan and Lagos-Abeokuta train services.

In August, NRC reduced the number of trips on the Lagos-Ibadan route due to a hike in the price of diesel.

In a memo seen by TheCable, the train services for the Lagos-Ibadan route were given new fares.

“The new fare on Lagos – Ibadan Train Service (LITS),” the memo reads.

“Lagos – Ibadan, and Ibadan – Lagos; First class (9,000), Business, (6500), Standard, adult (3600), minor (3000).

“Lagos – Abeokuta, and Abeokuta – Lagos; First class (6,000); Business (4,500), Standard, adult (3,000), minor (2,000).

READ MORE  Fuel Queues: petrol station Manager arrested for products diversion

“Abeokuta – Ibadan, and Ibadan – Abeokuta; First class (3,000), Business (2,000), Standard, adult (1,000), Standard, minor (600).”

Meanwhile, last week, the NRC hinted on the increased cost of diesel and other logistics which can be a significant determinant in the new price of train services.

Fidet Okhiria, NRC managing director, had said the increase in price would be done while considering the interests of Nigerians.

Okhiria also called on passengers to make some sacrifices and collaborate with the corporation to ensure the continued provision of the service.

“It is better to have it operating than not operating. It is the service we are providing but in order to provide it, everybody has to make some sacrifices,” Okhiria had said.

READ MORE  SEC, SMEDAN sign MoU to boost SME access to Capital Market

The development is coming four days after the Abuja-Kaduna train services commenced operations.

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Union Shuts Federal Unity Colleges, Advises Students Remain Home

Union Shuts Federal Unity Colleges, Advises Students to Remain...

Enugu building collapsed: NEMA coordinates rescue operation , recovers one life

By Mashe Umaru Gwamna The National Emergency Management...

EHCON registrar urges nigerians to prioritise sanitation for disease prevention

By Mashe Umaru Gwamna The Registrar of the Environmental Health...

Optoelectronics can drive jobs,skills, economic independence for Nigerian youths — Amb. Patrick

By Mashe Umaru Gwamna As Nigeria battles rising youth...