JUST IN : Lagos slashes fares by 50%

The Lagos State Government has slashed the costs of transportation of all state-owned transport systems by 50 per cent in a a bid to cushion the effects of the fuel subsidy removal.


PLATFORM TIMES reports that the state governor, Babajide Sanwo-Olu disclosed this on Monday at a press briefing on Monday at the Lagos House, Ikeja.


Sanwo-Olu  also pledged to distribute foodstuff to the vulnerable in the state.


The governor said  that the state government is working towards rolling out these palliatives to lessen the pain that the removal of subsidy has brought on the citizens.


He  added that modalities have also been put in place by the informal transportation sector, especially the yellow buses, to slash their charges by 25 per cent.


According to the governor, the 50 per cent slash in transportation costs by the government will take effect from Wednesday, August 2, 2023.


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