The Lagos State Government has said it will discontinue the 50 percent reduction in the fares of the state-owned buses.
In a statement released by the Lagos Metropolitan Area Transport Authority (LAMATA) on Tuesday, the state government said fares of state-owned buses will return to a 100 percent rate effective April 1, 2023.
Early last month, Lagos State Governor, Babajide Sanwo-Olu, announced a 50 percent reduction in the prices of all state-owned transport services, adding that the measure was to reduce the hardship faced by residents over petrol and cash scarcity.
However, LAMATA on Tuesday said fares of state-owned buses will return to a 100 percent rate on April 1.
“With effect from Saturday, April 1, bus fare on all regulated buses — BRT, standard and FLM — shall revert to 100 percent rate,” the statement read.
“Lagos State Governor, Babajide Olusola Sanwo-Olu, had on Wednesday, February 8, 2023, approved a 50% slash in bus fares following the cash crunch brought about by the recent currency swap.
“Following the Supreme Court and Federal Government’s pronouncements on the use of old notes alongside the new notes and return of stability to the system, the 50% rebate is hereby discontinued.”
Publisher,
Lagos Post Online,
Lagos Post is an online publication that seeks to provide fair, unbiased, credible, balanced and useful information about Corporate Organisations, Governments and the General Public by breaking news in Business, Politics, Arts, Entertainment, Culture, and Sports in Nigeria, Africa and the World. As a global news portal, we continually stand for responsible journalism and sound media practice.
Mobile: +238025837037
Email: lagospostng@gmail.com
