Primero Transport Services (PTS) Ltd, the owners of BRT Buses have lost over N100 million in 6 days due to the #EndSARS protest which has ravaged Nigeria’s economic capital of Lagos in the last 10 days.
According to reports, PTS Head, Corporate Communications, Mr. Mutiu Yekeen, said that the company made a lot of losses between October 16 and October 21.
“We are hoping something better will come out of the situation because, presently, the situation has impacted negatively on our business in terms of revenue generation. We have lost over N100 million in the last six days but we decided to stop operations to avoid damage to our vehicles and also for the safety of commuters as an organisation. We value our customers more importantly; that is why we stopped operation due to volatility of the state especially in Ikorodu. If you listen to the news this morning, you will discover that people cannot travel from Ikorodu to any part of Lagos,” Yekeen said.
Things got worse for BRT on Wednesday, October 21, 2020, after suspected hoodlums burnt several buses at the Oyingbo/Iddo terminal in Lagos.
A large number of new BRT buses yet to be deployed to routes but parked in the terminus situated behind the railway line in Oyingbo, have all been consumed by the raging fire.
Several government-owned buildings and assets were torched by protesters including across Lagos including Police Stations. The suspected hoodlums also set ablaze buildings belonging to private businesses while several shopping malls were looted.