Categories: Economy And Business Headline

Lagos Government Rolls Out Palliatives To Cushion Effects of Fuel Subsidy

Advertisement
Advertisement

Lagos Government has finally rolled out palliatives to cushion the effects of Fuel Subsidy removal on Lagosians.

 

Newsonline Nigeria reports that the Lagos State Governor, Babajide Sanwo-Olu, has slashed the fares of state-owned buses, otherwise known as BRT buses by 50% as part of efforts to cushion the effect of the removal of the petrol subsidy.

 

The governor also announced the reduction of fares by commercial yellow buses also known as Danfo buses by 25% on all routes.

 

This was disclosed by Governor Sanwo-Olu during a media briefing on Monday, July 31, 2023, where he announced that the bus fare reduction will take effect from Wednesday, August 2, 2023.

 

The governor also announced the expansion of the Fleet of Staff Buses for the Workers in the Lagos State Public Service to cushion the effect of the Subsidy removal, adding that the buses are ready and will be deployed through the office of the Head of Service of the state.

More palliatives

Governor Sanwo-Olu also has also announced good palliatives for the poor and vulnerable in the society through various stakeholders (CDAs, Religious Groups, etc), adding that the foodstuff will also be purchased locally.

  • The governor said, “We’ve had extensive conversations with all of the stakeholders in our transport system, both formal and informal modes of transportation, and we have come to a conclusion, which the state government will be supporting.
  • “Immediately from Wednesday, all public transportations that are being controlled by LAMATA, all of the high capacity buses, will be plying all the routes of Lagos at 50 percent discount, and all commuters that will be plying these routes will start enjoying a 50 percent rebate on the transport fares that are currently being charged on all of these routes.
  • “It cannot start tomorrow because they need to do a lot of configuration and validation so that it can happen on Wednesday. That decision has been taken and communicated to them.’’

According to him, the commercial drivers’ unions are to officially announce the reduction of fares.

  • He added, “For the informal buses, they are also going to make a pronouncement today. I can say to you that we have agreed with them that they will be doing about a 25 percent reduction of fares on their buses — all of the yellow buses that we have on the street,” the governor noted.
  • “They will make a formal announcement maybe later today on that. That will take effect tomorrow or Wednesday.
Advertisement
NewsOnline Nigeria

Recent Posts

  • Economy And Business

BREAKING: PDP Governors Order Tinubu To Review Harsh Economic Policies

PDP Governors have ordered President Tinubu to review harsh economic policies.   NewsOnline Nigeria reports…

1 minute ago
  • Exchange Rates

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24 November 2024

The black market dollar to Naira exchange rate on Sunday 24 November 2024 can be…

8 minutes ago
  • Exchange Rates

BREAKING: Sani Fagge Exposes Cabals Misleading President Tinubu

Sani Fagge has exposed cabals misleading and shielding President Tinubu from Nigerians' suffering.   NewsOnline…

10 hours ago
  • Crime Watch

BREAKING: Tinubu Government Moves To Extradite Simon Ekpa Suffers Major Setback

President Tinubu Government's move to extradite Simon Ekpa has suffered a major setback.   NewsOnline…

10 hours ago
  • Exchange Rates

BREAKING: FG Speaks On Sacking Civil Servants With Benin Republic, Togo University Certificates

FG has spoken on sacking civil servants with Benin Republic and Togo University Certificates.  …

11 hours ago
  • Exchange Rates

BREAKING: Governor Okpebholo Appoints Sulaiman Aledeh New MD Of EBS TV, Radio

Governor Okpebholo has appointed Sulaiman Aledeh New MD Of EBS TV and Radio.   NewsOnline…

11 hours ago