Politics
Government Announces Termination Of 25% Transport Rebate As Subsidy Removal Takes Effect In Lagos
Government Announces Termination Of 25% Transport Rebate As Subsidy Removal Takes Effect In Lagos....KINDLY READ THE FULL STORY HERE▶
The Lagos State Government has officially terminated the 25% discount on transportation fares within the Lagos State Public Transport System. This decision was communicated by the Lagos Metropolitan Area Transport Authority (LAMATA) through its official X (formerly Twitter) account on Friday, January 26, 2024………CONTINUE READING
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The initial relief measure, implemented in response to the fuel subsidy removal in 2023, will conclude on Sunday, January 28, 2024, as stated by the authority. Lagosians are urged to take note of this change and prepare for the restoration of regular transport fare rates that were in place before the adjustments made in December.
In the announcement, LAMATA conveyed, “The 25% rebate on regulated public transport buses, ferry, and train services ends on Sunday, 28th January 2024. From Monday, 29th January 2024, transport fare on regulated services will return to 100%.”
It’s worth recalling that Governor Babajide Sanwo-Olu had initially introduced a 50% rebate on state-owned buses and a 25% reduction on commercial yellow buses across all routes, starting from August 2, 2023, in an effort to mitigate the impact of the petrol subsidy removal.
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