Fuel at N617: Governor Sanwo-Olu announces reduction in transport fares for Lagosians

The Lagos State Government has reduced the cost of transit for all state-owned transport systems by 50% to mitigate the consequences of the loss of fuel subsidy.

This is riding on the back of an earlier report by Legit.ng, which stated that the administration of the newly inaugurated Nigerian President, Bola Ahmed Tinubu, would not continue with payment of fuel subsidy.

As a result, many Nigerians have had to grapple with the impact of the removal of fuel subsidy.

Legit.ng also reported that the governor announced a 50% reduction on all Lagos state public transport systems from Thursday, February 9, 2023, as part of the government's effort to cushion the effect that the fuel scarcity and naira shortage had on Nigerians earlier in the year.

Governor Babajide Sanwo-Olu, during a press conference on Monday, July 31, 2023, at the Lagos House, Ikeja, said the new development is set to become effective on Wednesday, August 2, 2023.

Vulnerable citizens to benefit from palliative

Sanwo-Olu emphasised that the state's administration is working towards implementing the palliatives to minimise the suffering that the withdrawal of subsidy has caused the population.

He added that the vulnerable residents of the state would also receive food distribution.

Sanwo-Olu further disclosed that plans had also been developed for the informal transport sector, particularly the yellow buses, to experience a 25% cost reduction.

Gov Sanwo-Olu announces 50% reduction in fares for BRT, LAGRIDE in Lagos

Similarly, Sanwo-Olu approved free rides on Bus Rapid Transit (BRT) corridors on Christmas and New Year days for all residents, according to Legit.ng report.

He stated that the buses would be available for free rides on Saturday, December 25, 2021, and Saturday, January 1, 2022, to celebrate the festive season.