LAGOS STATE Governor, Babajide Sanwo-Olu has slashed the transportation fares of the state-owned buses by 50 per cent.
Governor Sanwo-Olu, who said this in a media briefing on Monday afternoon after a state security council meeting, also rolled out other palliatives to cushion the impact of subsidy removal.
He said that the government has also put modalities for commercial buses to reduce their fares by 25 per cent.
“Immediately from Wednesday, all public transportation that is being controlled by LAMATA, including high-capacity buses, will be plying all the routes of Lagos with a 50 percent discount,” the governor added.
“All commuters plying on the roads will start enjoying a 50 percent rebate on current transport fares being charged by all of these buses. This will start on Wednesday.
“It cannot start tomorrow because they need to do a lot of configuration and validation so that it can happen on Wednesday. That decision has been taken and communicated to them.”
“For the informal buses, they are also going to make a pronouncement today. I can say to you that we have agreed with them that they will be doing about a 25 percent reduction of fares on their buses — all of the yellow buses that we have on the street,” the governor noted.
“They will make a formal announcement maybe later today on that. That will take effect tomorrow or Wednesday.”
