Lagos BRT, train fares to revert to normal rates, Nov. 6, as Sanwo-Olu ends palliative
Lagos Metropolitan Area Transport Authority (LAMATA) has announced that fares on regulated public transport on its public buses and trains will revert to normal rate from Monday, November 6.
A statement by LAMATA titled: “50% Transport Rebate Ending This Sunday ,” confirmed that the palliative measure introduced by Governor Babajide Sanwo-Olu in the wake of the removal of the subsidy on imported petroleum on May 29, to alleviate the economic hardship of residents by slashing bus and train fares by 50 per cent across board, would terminate from November 6.
“The 50% rebate in transport fare in the regulated transport system in Lagos ends on Sunday, a statement by the Lagos Metropolitan Area Transport Authority (LAMATA).
“The 50% fare rebate was announced by Governor Babajide Sanwo-Olu on 2nd August 2023.
The public is hereby informed that from Monday, 6th November 2023, transport fare will return to the pre-2nd August 2023 rate,” the notice read.
Governor Sanwo-Olu had on July 31, this year, announced a slash in the fares of regulated public transport by 50 per cent to cushion the effect of the fuel subsidy removal announced by President Bola Tinubu on May 29, 2023.
“Immediately from Wednesday, (2nd August 2023) all public transportation that are being controlled by LAMATA…will be plying all the routes of Lagos at 50 per cent discount,” the governor had said.
Last month, the Lagos Government revealed that commuters on regulated public transport in Lagos have saved about N1.9 billion over a period of eight weeks in transport costs following a 50 per cent rebate granted.
During the eight weeks period, the State Government said that the regulated public transport services, including the BRT Bus, First and Last Mile, Rail and Ferry, have in total moved about 7.5 million passengers.
It further revealed that at 100 per cent fare rates, regulated public transport operators would have grossed N3.7 billion, adding that it will reimburse operators of regulated transport systems to the tune of N1.8 billion.
