Nigerians brace up!!Transportation Fare to Skyrocket by 40% Effective Sept 19...APTCON blames it on Recession

Passengers travelling by road to various cities in Nigeria have been told to brace up for an increase in fares, effective September 19, 2016. 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 transport group said it was constrained to mark up transport fares by 40 percent because of the prevailing harsh operating business environment, which has seen cost of operations rise by more than 80 percent. 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 affected most countries in the world. As an industry, we are not exempt from the crisis as in recent months, our operating costs have risen significantly,” the group stated.