The real cost of commuting in Lagos —and why public transport might still be your best bet
- Public transport from Yaba to Victoria Island costs about ₦82,000 monthly, while ride-hailing services like Bolt and Uber can cost ₦420,000 monthly.
- Bolt fares have increased by 50% between early 2024 and October, with trips now costing ₦12,000 to ₦15,000.
- Car ownership costs for a Toyota Corolla can reach ₦18.9 million over five years, making it financially unviable for many professionals.
The transport dilemma in Lagos highlights a critical issue for urban professionals: the balance between cost and convenience. As transport costs rise, it becomes increasingly important for individuals to evaluate their commuting choices not just for daily convenience but for long-term financial health. Policymakers and transport companies must address these challenges to create a more sustainable commuting environment.
