The source told the News Agency of Nigeria (NAN) that the company might likely run out of diesel and other supplies that would likely disrupt BRT operations.
“Primero is planning to withdraw all its buses from the road from May 25. The company is running out of diesel.
“Suppliers have not been supplying diesel fully because the firm is owing them. The company is currently running at a loss.
“Primero will run out of supply of diesel and other supplies by Monday. So it is not likely the buses will run,” the source re-stated.
Efforts to talk with the Managing Director of the company, Mr Fola Tinubu, on the development was not successful.
On May 15, they were shortage of BRT buses across various routes, presence of long queues and an increase in awaiting time at BRT stations in Lagos.
BRT users have been complaining over the shortage of buses since the easing of the current lockdown on May 4.
On May 15, Tinubu said: “the way we are operating now is as if we are just running a social service for the people.
“Twenty passengers in the bus on the same old fare is not sustainable. We are piling up losses that we need to address urgently.
“Creditors are calling us. We need to address that urgently. The way it is right now is not sustainable.
“That was why we have limited buses on the roads. Every bus that is going up and down now is incurring so much loss.”
The Lagos State Government had directed the 70-capacity buses to carry only 21 passengers