ENUGU, Nigeria (VOICE OF NAIJA) – The Lagos Metropolitan Area Transport Authority (LAMATA), has announced that fares of state-owned buses will return to a 100 per cent rate effective from 1 April, 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.
According to him, 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 per cent rate on 1 April.
“With effect from Saturday, April 1, bus fare on all regulated buses — BRT, standard and FLM — shall revert to 100 per cent rate.
“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 statement read.