Lagos Reduces Transport Fares by 50%

In a bid to cushion the impact of the fuel subsidy removal, Lagos State Government has announced a 50 percent reduction in the cost of transportation for all state-owned transport systems.

The government also pledged to distribute foodstuff to the vulnerable in the state.

Speaking at a press briefing on Monday at the Lagos House, Ikeja, Governor Babajide Sanwo-Olu stressed that the state government is working towards rolling out these palliatives to lessen the pain that the removal of subsidy has brought on the citizens.

The governor also made it known that modalities have also been put in place by the informal transportation sector, especially the yellow buses, to slash their charges by 25 percent.

According to the governor, the 50 percent slash in transportation costs by the government will take effect from Wednesday, August 2, 2023.