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Home Business News Business

Fuel subsidy: Lagos reduces BRT, commercial bus fares on all routes, rolls out palliatives

Chike Olisah by Chike Olisah
July 31, 2023
in Business, Business News
Truck accidents: Lagos considers logistics routes, erecting barriers for trucks, articulated vehicles

Lagos State Governor, Babajide Sanwo-Olu

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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 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.

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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.”

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Tags: BRTGovernor Babajide Sanwo-olu
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 4

  1. michael says:
    July 31, 2023 at 8:23 pm

    How will the reduction of yellow bus fare be implemented? Asking for a friend.

    Reply
    • DonChiji says:
      August 1, 2023 at 9:34 am

      I guess only the BRT lines will implement the price reduction…

      Reply
  2. mike says:
    August 1, 2023 at 5:41 pm

    This only affect few people. BRT route along Lekki- end at Ajah. So people after Ajah from Abraham Adesanya to Lagos Business School, Abijo, Awoyaya, Lakowe, Bogije to Ẹlẹkọ will not be benefited. There is God 🤔

    Reply
  3. Michael A says:
    August 1, 2023 at 5:42 pm

    This only affect few people. BRT route along Lekki- end at Ajah. So people after Ajah from Abraham Adesanya to Lagos Business School, Abijo, Awoyaya, Lakowe, Bogije to Ẹlẹkọ will not be benefited. There is God 🤔

    Reply

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