In a bid to cushion the effects of the fuel subsidy removal, the Lagos State Government has slashed the fare for all state-owned transport systems by 50 per cent.
The government also pledged to distribute foodstuffs 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 was working towards rolling out these palliatives to lessen the pain that the removal of subsidy had brought on the citizens.
According to the governor, the 50 per cent slash in bus fare will take effect from August.
He added that modalities had also been put in place by the informal transportation sector, especially the yellow buses, to slash their charges by 25 per cent.
“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.
