The Lagos State Government has discontinued the 50 per cent reduction in the fares of buses owned by the state.
In a statement released by the Lagos Metropolitan Area Transport Authority (LAMATA) on Tuesday, the state government said fares of state-owned buses will return to a 100 percent rate effective April 1, 2023.
Early last month, Lagos State Governor, Babajide Sanwo-Olu, announced a 50 per cent reduction in the prices of all state-owned transport services, adding that the measure was to reduce the hardship faced by residents over petrol and cash scarcity.
However, LAMATA on Tuesday 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 per cent rate,” the statement read.
“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.”
The governor also promised to rebuild the primary and government secondary school kuriga, in addition…
In addition, the lawmaker must provide two sureties with landed properties in the Federal Capital…
The Federal Government accused Binance of neglecting to register with FIRS for tax purposes and…
FAAN directed KFC to apologise to the affected passenger without further delay.
Those who defected are Ejike Eze, (Igbo-Eze North 1); Johnson Ugwu (Enugu North) Princess Ugwu…
The LP and the NLC have been at loggerheads recently, with the latter accusing the…