Road transport passengers will from this morning pay higher fares to various destinations across the country following the decision of inter-state bus operators to make the adjustment in response to the rising costs of keeping the vehicles on the road.
The transporters under the aegis of Association of Private Transport Company Owners of Nigeria (APTCON) made the announcement in a recent notice to its members.
The group said that it was constrained to mark up transport fares by 40 per cent because of the prevailing harsh operating business environment which has seen cost of operations rise by more than 80 per cent.
The association’s secretariat noted that it was compelled to implement the increase as the local economy was showing no signs of stability while international transactions were becoming increasingly difficult to close.
“As we are all aware, the global economy is currently facing a downturn that has greatly…
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