To mitigate the effects of the fuel subsidy removal, the Lagos State Government has reduced the fares of all state-owned transportation systems by 50 percent.
The LASG also promised to distribute food to the state’s most vulnerable residents.
Governor Babajide Sanwo-Olu stated this at a press conference on Monday at the Lagos House in Ikeja.
According to the governor, the 50% reduction in transport fares will take effect on Wednesday, August 2, 2023.
He stated further that the informal transportation industry, particularly the yellow buses, have also put in place procedures to reduce their prices by 25%.
“We’ve had extensive conversations with all of the stakeholders in our transport system, both formal and informal modes of transportation, and we have come to a conclusion, which the state government will be supporting,” Governor Sanwo-Olu said.
“Immediately from Wednesday, all public transportations that are being controlled by LAMATA, all of the high capacity buses, will be plying all the routes of Lagos at 50 per cent discount, and all commuters that will be plying these routes will start enjoying a 50 per cent rebate on the transport fares that are currently being charged on all of these routes,” he added
“For the informal buses, they are also going to make a pronouncement today, and I can say to you that we have agreed with them that they will be doing about 25 per cent reduction on their buses — all of the yellow buses that we have on the streets.”
Sanwo-Olu added that more staff buses had been purchased for state civil service employees to make traveling to and from work easier.
