Since the removal of fuel subsidy on May 29, 2023, which triggered a hike in petrol prices, transport fares have surged by over 100 per cent. All these factors have contributed to doubling transport fares, and in some instances, tripling. In Osun State, commercial drivers also linked the increase in transport fares to the high fuel prices. At Iwo Road Park, fares to Lagos range from N3,000 to N5,000, depending on the park section. Speaking for the National Union of Road Transport Workers (NURTW), senior official Usman Teslim said the fuel price hike affected not only pump prices but also vehicle spare parts and other operational costs.

Source: The Guardian February 16, 2026 05:35 UTC