Business
BRT, other public transport to revert to old rate–LASG
The Lagos State Government has announced reversion to the old rates of public transport from Sunday.
“The 50% rebate in transport fare in the regulated transport system in Lagos ends on Sunday,” the Lagos Metropolitan Area Transport Authority said in a statement on Saturday.
The statement informed commuters that starting “from Monday, November 6, 2023, transport fare will return to the pre-2nd August 2023 rate.”
READ ALSO: Many injured as 2 BRT buses collided on Lagos highway (Video)
The state Governor, Mr Babajide Sanwo-Olu, in August announced a 50 per cent reduction in prices of public transport services including the Bus Rapid Transport, Standard routes, First and Last Mile, Rail and Ferry to cushion the effect of fuel subsidy earlier removed by President Bola Tinubu.
The abrupt removal of the subsidy forced average Nigerian households into economic frustration, prompting the decision of some states to introduce relief packages to cushion the effects. Lagos in its part, introduced a 50 per cent rebate on transport fares.
However, Mr Sanwo-Olu has put an end to the discount programme. In October, the state government said the rebate package saved commuters 1.9 billion naira in eight weeks on transport costs.
-
Business5 days agoNigeria: Whither the fruits of 2026 crude oil windfall?
-
Latest6 days agoMakinde declares 2027 presidential bid under PDP–APM alliance
-
Comments and Issues6 days agoPolitical Parties Primaries: Consensus or Coronation?
-
Business5 days agoTrump-Xi summit sparks fresh questions for Nigeria’s economy, tech sector
-
Comments and Issues6 days agoDoes it matter to Africa if Nigel Farage comes to Number 10?
-
Business4 days agoNigeria’s foreign debt climbs 22% to $51.86bn under Tinubu administration
-
Comments and Issues6 days agoIs France Real or Playing Ping Pong With Africa?
-
Comments and Issues5 days agoThe “Onuku” Called Kenneth Okonkwo