The federal government on Friday said it had approved fares for the new Lagos-Ibadan rail standard gauge which would commence operations by January 2021.

Rotimi Amaechi, the minister of transportation, disclosed this at the inauguration of the governing council of the Chartered Institute of Transport Administration of Nigeria (CIOTA) in Abuja.

The minister said he had received directive from the president to launch the rail project.

He said ticket for economy session of the train will cost ₦3,000 while the business class will go for ₦5,000.

“I have received the mandate of President Muhammadu Buhari to inaugurate the Lagos/Ibadan rail project by January 2021 which will make Nigerians see the way the standard gauge railway looked like,” Amaechi said.

“Today I approved the charges on passengers from Lagos to Ibadan, we just transfer how we charged from Abuja to Kaduna.

“We charge N3,000 per economy seat, N5,000 for business class, and N6,000 for first class, the same is applicable to Lagos to Ibadan.

“It should have started running by now before Mr President inaugurates it by January.”

The minister said that the ministry would work with CIOTA to enable them to achieve their objectives.

He added that the institute plays a crucial role in the growth of transportation in the country.