In an effort to mitigate the impact of fuel subsidy removal, the Lagos State Government has implemented a 50 percent reduction in transportation costs for all state-owned transport systems.
Additionally, the government has made a commitment to distribute food supplies to the vulnerable population in the state.
Governor Babajide Sanwo-Olu addressed the public during a press briefing at the Lagos House, Ikeja, on Monday, emphasizing the state’s determination to introduce these measures as palliatives to alleviate the hardships caused by the removal of fuel subsidies for citizens.
The governor stated that the 50 percent reduction in transportation expenses will be effective starting from Wednesday, August 2, 2023.
He added that modalities have also been put in place by the informal transportation sector, especially the yellow buses, to slash their charges by 25 percent.
“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.
“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,” the governor said.
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 also said more staff buses had been procured for workers of the state civil service to make commuting to and from work easier for them.