Lagosians breeze as fares on regulated public transport in Lagos returns to customary rate on Monday Sixth November 2023.
LASG had on Thirty first July diminished transport fares of BRT, Boat and LAGRIDE by 50% to cushion the enact of the fuel subsidy elimination.
The Lagos Metropolitan Keep of dwelling Transport Authority (LAMATA) has announced that fares on regulated public transport in Lagos Dispute will return to customary rate on Monday Sixth November 2023.
An announcement by LAMATA titled : “50% Transport Rebate Ending This Sunday”, which proclaims the tip of the 50 percent fare rebate reads :
“The 50% rebate in transport fare in the regulated transport system in Lagos ends on Sunday, a observation by the Lagos Metropolitan Keep of dwelling Transport Authority (LAMATA) has mentioned.
“The 50% fare rebate used to be announced by Governor Babajide Sanwo-Olu on 2nd August 2023. The final public is hereby educated that from Monday, Sixth November 2023, transport fare will return to the pre-2nd August 2023 rate.”
Recall that Governor Sanwo-Olu had on Thirty first July 2023 announced a prick in the fares of regulated public transport by 50 per cent to cushion the enact of the fuel subsidy elimination announced by President Bola Tinubu on Twenty ninth May per chance 2023.
“Suddenly from Wednesday, (2nd August 2023) all public transportation which are being controlled by LAMATA…will most seemingly be plying your entire routes of Lagos at 50 per cent slice value,” the governor mentioned in an announcement by Lagos Metropolitan Keep of dwelling Transport Authority (LAMATA).
Final month, the Lagos Dispute Govt published that commuters on regulated public transport in Lagos like saved about N1.9 billion over a period of eight weeks in transport charges following a 50 per cent rebate granted.
At some level of the eight weeks period, the Dispute Govt mentioned that the regulated public transport companies, including the BRT Bus, First and Final Mile, Rail and Ferry, like combinedly travel about 7.5 million passengers.
It extra published that at 100 per cent fare charges, regulated public transport operators would prefer grossed N3.7 billion, including that this can reimburse operators of regulated transport systems to the tune of N1.8 billion.
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