The Lagos State Government on Tuesday reinstated its partial transport subsidy through the Lagos Metropolitan Area Transport Unit (LAMATA).
The revert move is in response to public appeals for the reinstatement of the 50% fare discount for regulated bus and rail transport, Governor Babajide Sanwo-Olu directed the implementation of a 25% discount starting from Tuesday, November 7, 2023, addressing the concerns raised by the public.
However, In a statement by Kolawole Ojelabi, the Head of Corporate Communication at LAMATA, the government said the reinstated subsidy will take effect from today, November 7, 2023, until further notice.
The statement read in part, “Following appeals to the governor, he has extended the passenger fare reduction by 25% across the regulated bus and rail transport services until another review is announced.”
The statement also elucidated the significant rise in diesel prices over the three months since the subsidy was lifted, with the cost skyrocketing from N867 in August to N1,300 in November 2023, representing a considerable 50% increase.