Lagos stops 25% rebate on bus, ferry, train fares

The Lagos Metropolitan Area Transport Authority (LAMATA) says the 25 per cent rebate on fares for regulated public bus, ferry and train services has ended.

The Lagos Metropolitan Area Transport Authority (LAMATA) says the 25 per cent rebate on fares for regulated public bus, ferry and train services has ended.

LAMATA made this known on its official X handle.

“From June 3, fares on all regulated transport services in the state will return to the original 100 per cent,” it said.

Recall that Governor Babajide Sanwo-Olu, on Feb. 23, announced a 25 per cent rebate on the fares to mitigate the impact of the removal of petrol subsidy on Lagos residents, extending the six months 50 percent rebate that began on July 31, 2023.

LAMATA said the rebate in regulated public transport system fares has resulted in the state government extending effort and resources in transport subsidies to ease the pains associated with the removal of fuel subsidy effected last year.

Total
0
Shares
Related Posts
Read More

FIRSTHOLDCO: REINFORCING ESG, SUSTAINABILITY INITIATIVES AS IT REBRANDS By A.Ezekiel

In a world where approximately 20% of new businesses fail within the first two years, 45% within five years, 65% within ten years, and only 25% make it to 15 years or more (according to the US Bureau of Statistics), any business that has crossed 15 years should be sharing insights on survival and success.