The Lagos government has discontinued the 50 percent
reduction in the fares of the buses owned by the state.
The directive was announced in a statement released on
Tuesday by the Lagos Metropolitan Area Transport Authority (LAMATA).
On February 8, Babajide Sanwo-Olu, the Lagos state governor,
announced a 50 percent reduction in the prices of all state-owned transport
services.
Sanwo-Olu also announced the provision of food banks in
vulnerable places in the state
The Lagos governor said the measures were initiated owing to
the hardship faced by residents over petrol and cash scarcity.
In the statement, LAMATA said fares of state-owned buses
will return to a 100 percent rate on April 1.
“With effect from Saturday, April 1, bus fare on all
regulated buses — BRT, standard and FLM — shall revert to 100 percent rate,”
the agency said.
“Lagos state
governor, Babajide Olusola Sanwo-Olu, had on Wednesday, February 8, 2023,
approved a 50% slash in bus fares following the cash crunch brought about by
the recent currency swap.
“Following the supreme court and federal government’s
pronouncements on the use of old notes alongside the new notes and return of
stability to the system, the 50% rebate is hereby discontinued.”
On March 3, the Central Bank of Nigeria (CBN) said the old
N200, N500 and N1000 notes remain legal tender until December 31 following a
supreme court ruling.
On March 24, CBN directed all commercial banks to open for
operation on Saturdays and Sundays.
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com