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The governor of Lagos state, Babajide Sanwo-Olu, has announced a 50% cut in the fares charged by all state-owned transport services.
Sanwo-Olu stated at a news conference in Ikeja on Monday that the fee decrease would begin on August 2.
The governor stated that the state administration has reached an agreement with informal transportation providers, mainly yellow buses, to decrease their fares by 25%.
Sanwo-Olu went on to say that the transporters would make an announcement later today.
According to the governor, the move is part of the palliatives being rolled out by the state government to cushion the effects of the petrol subsidy removal and the attendant hike in the prices of the commodity.
He said additional vehicles will be added to the fleet of staff buses conveying state workers from offices to residential areas.
“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,” Sanwo-Olu said.
“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.
“They will make a formal announcement maybe later today on that. That will take effect tomorrow or Wednesday.”
