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Home Business News

Naira, fuel scarcity: Lagos announces 50% transport fare reduction on BRT buses, LAGRIDE, others, sets up Food bank 

Chike Olisah by Chike Olisah
February 8, 2023
in Business News
Eko Rice hits the market as Lagos launches N5 billion forward contract for paddy supplies

Babajide Sanwo-Olu

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The Lagos State Governor, Babajide Sanwo-Olu, has announced a 50% transport fare reduction on all Lagos State Public Transport System for the next week through the Cowry Card system.

The action by the state government is to help cushion the effects of the fuel and naira scarcity on the socio-economic lives of Lagosians.

According to a video shared by the Senior Special Assistant to the Lagos State Governor on new media, Jubril Gawat, on his official Twitter account, the transport fare cut is expected to take effect from tomorrow February 9, 2023, and will be enjoyed on all BRT buses, LAGRIDE taxi scheme, First Mile and Last Mile buses and Lagos Ferry services.

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Transport fare reduction takes effect tomorrow

  • Governor Sanwo-Olu said, ‘’For us to further cushion the effect of what our citizens are currently facing, I have directed immediately from tomorrow, all of our Lagos run bus system, all of our BRT buses, on all of our LAGRIDE taxis, all of our ferry boats an all of our LAST MILE buses and small buses that we have in the state, that they should be carrying a passenger at 50% of the current fare and this will continue to happen using their cowry card.
  • ‘’And we want to further make the cowry card available to all willing citizens. We have over 3 million cowry cards that are out there that are being used, but we believe that we will even make it a lot more available. And so for the next one week on all of our passenger routes within all of our buses and our ferries and our taxis, passengers will enjoy a 50% discount from tomorrow morning.’’

State government to set up food banks across the state

The governor also announced the setting up of Food Banks across the State using different methods of distribution, to further cushion the effect of the current situation across the country.

  • He said, ‘’We are going to be setting up food banks across the city. We are going to be identifying vulnerable spots in our communities and you will see us distributing food items, and foodstuffs that we are making arrangements for and we have tens of thousands that are already ready, we will be identifying various locations to which we will be distributing these food packs just so that we can cushion the effect on all our citizens.’’

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Tags: Cowry Card systemGov. Babajide Sanwo-OluLagos State Public Transport System
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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Comments 3

  1. Adeola Raji says:
    February 9, 2023 at 6:51 am

    Mr Governor, obviously this is a Greek gift. We accept anyway and we hope it will be instantaneous. Meanwhile, why are people struggling to get public water? Devolve the provision of water to the local governments and let them construct ten boreholes in strategic locations for the people to use. Water is too basic to be left in the hands of political opponents! We do so much with water and it should not be a luxury

    Reply
    • Naija4life says:
      February 9, 2023 at 6:51 pm

      So you want the local governments that cannot even pick up neighborhood trash to be put in charge of providing water?

      Reply
  2. Tolani Yusuf says:
    February 10, 2023 at 11:07 am

    God bless you sir and also give youore wisdom. Most Nigerians have not travelled out before to see or experience the amenities and other services provided for their citizens in education, economics, infrastructures, jobs etc. Corruption should be dealt with from the top first. The people that are awarding contracts should stop collecting gifts from people they awarded contracts to. Many like that. If gifts can be stopped the people that are awared the contract will execute the project as its meant to be.
    I won’t say much. God bless you one more time. We expect more from you sir Thank you.

    Reply

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