Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade. LAMATA disclosed that the fare increase became necessary because of rising operational costs to ensure continued bus service availability for Lagosians. The authority said the new fare structure would become effective from Monday, February 17, 2025. According to reports, the Red Line has eight stations at Oyingbo, Yaba, Mushin, Oshodi, Ikeja, Iju, and Agbado. The development follows the refinery’s reduction of petrol prices from N970 to N890 per litre.