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Home Business News Business

Cost of living crisis: LASG to reintroduce 25% reduction in transport fares on Friday

Caleb Obiowo by Caleb Obiowo
February 22, 2024
in Business, Business News
LASG, Pension Benefits, Retirees, Governor Babajide Sanwo-Olu
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The Lagos State Government has declared that starting from tomorrow, Friday, February 22, 2024, a 25% discount on fares will be reinstated for all state-managed transportation services.

This announcement was made by Governor Babajide Sanwo-Olu during a press briefing with journalists from Channels TV, Arise TV, TVC, and LTV on Thursday, as stated in a message on the official X account of the Lagos State Government.

Governor Sanwo-Olu explained that the reinstatement of the fare discount for services including the BRT, trains, and ferries aims to ease the financial burden on Lagos residents amidst the current economic challenges.

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Furthermore, he mentioned ongoing discussions with various transport unions to encourage a reduction in their fares as well.

  • “Governor Babajide Sanwoolu says the 25% reduction on Transport services will start this weekend for the State Public Transport system (BRT, Train, Ferry). While there are discussions with various unions to also reduce their own fares too,” the post on the Lagos State Government account read.
Recommended reading: “LASG empowers over 11,885 start-up businesses In 4 years” — Sanwo-Olu

More insight

  • Governor Sanwo-Olu also disclosed that the second phase of the Blue Line Rail project will extend from Mile 2 to Okokomaiko, highlighting that construction is underway following the demolition and reconstruction of a bridge near Maza Maza and Trade Fair to accommodate the rail.
  • He further mentioned that the construction company, Messrs CCECC, is currently working on the site.
  • Concerning the 4th Mainland Bridge, he announced that the commencement ceremony is scheduled for the end of April 2024, with the project being executed in stages.
Recommended reading: Lagos state government announces free delivery including CS at Government Hospitals

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Tags: BRTGovernor Babajide SanwooluLASGtransport fares
Caleb Obiowo

Caleb Obiowo

Caleb Obiowo is a graduate of Urban and Regional Planning from the University of Uyo. At Nairametrics, he covers transport and logistics in Nigeria, along with real estate, construction, and aviation. He focuses on delivering clear, easy-to-understand stories and often digs deeper into industry issues through conversations with key players.

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