TAP processes N3 billion monthly in Lagos transport fares, Afolabi Olamide reveals

Lagos' regulated public transport network, managed by the Lagos Metropolitan Area Transport Authority (LAMATA), sees an average of N3 billion in monthly fare revenue processed through electronic payment platform Cowry, as revealed by TAP CEO Afolabi Olamide. According to Olamide, the platform processes over 500,000 passenger trips daily, a 50% increase from two to three years ago, with an average of 2 million unique commuters using the system.

The busiest bus routes include Ikorodu, Oshodi, Obalende/TBS, and Abule-Egba, with peak travel periods during morning and evening rush hours. Cowry's records also indicate that rail transport, particularly the Blue Line, has seen a significant growth in passenger demand, with volumes increasing by over 170% in the last two years.

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