Lagos Announces 50 Per Cent Cut In Buses Fares, As Part Of Petrol Subsidy Removal

Lagos State Government has cut the transportation fare of all state-owned transport services by 50 per cent to cushion the effects of the petrol subsidy removal.

The 50 per cent cut in transportation fare will take effect from Wednesday, August 2.

Also, modalities have also been put in place by the informal transportation sector, especially the yellow buses, to slash their charges by 25 per cent.

Governor Babajide Sanwo-Olu, addressing a news conference on Monday at the Lagos House, Ikeja, said the government also promised the distribution of foodstuff to the vulnerable in the state.

Sanwo Olu said his administration was working towards rolling out these palliatives to reduce the pains that the petrol subsidy removal has brought on the citizens.

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Meanwhile, for private commercial bus operators (danfo) operating in Lagos, Sanwo-Olu said a 25 percent reduction has been proposed to them for implementation. He said the government has prepared palliatives that would be distributed across Lagos to assist vulnerable households in the state.

He said: “We have had a meeting with all our transport system and the state government will from Wednesday reduce transport fares to 50 percent in all its controlled buses, LAMATA.

“For the informal sector, the yellow buses will be meeting later and they are proposing a 25 percent reduction in all their bus fares by tomorrow or Wednesday.

“We have also concluded discussions with our stakeholders on foodstuffs for the least vulnerable in society through the local government, churches and mosques to cushion the effect of the hardship. This will continue until we see the result of these interventions.”