Now may not be the best time to move to the Lekki-Ajah axis because the toll price is about to increase.

The Lekki Concession Company, managers of the Lekki-Ajah and Lekki-Ikoyi bridge tolls have announced that come November 8th, toll fares will increase by a whooping 50 to 60%.

Following the increase, motorcycles on the Admiralty toll will now pay N100 up from N50 while commercial buses pay N150 up from N80.

Salon cars and tricycles will pay N200 up from N120, Sports Utility Vehicles also known as Jeeps will pay N250 as opposed to N150, while light trucks and 2/axle buses and heavy duty trucks/buses with 2 or more heavy axles pay N400 and N1000 respectively up from N250 and N300.

Meanwhile for the Lekki-Ikoyi toll, motorcycles are mandated to pay N200 up from N100, saloon cars will now pay N300 up from N250, mini vans, Sports Utility Vehicles and Light Trucks will pay N400 up from N300 while light trucks and 2-axle buses pay N1,000 up from N400 it currently is.

In a chat withBounce News, an LCC official who spoke on the condition of anonymity confirmed the developmentciting a price review as the reason behind the move.

"You know we have reviewed the price in 6 years so management felt it was time to review the toll prices" our source said.

It was further revealed that the funds from the increase would be deployed towards maintaining the road.

With the looming increase in toll fair, it is expected that price of transport plying that route will significantly increase. More importantly, it remains to be seen how residents and workers in the Lekki-Ajah axis will receive this new development.