The Lagos State Government has announced the discontinuation of the 50 per cent reduction in the fares of buses owned by the state.
The development was revealed in a statement released by the Lagos Metropolitan Area Transport Authority on Tuesday.
The government said fares of state-owned buses will return to a 100 per cent rate effective April 1, 2023.
The Eagle Online recalls that the State Governor, Babajide Sanwo-Olu, announced a 50 per cent reduction in the prices of all state-owned transport services in February.
This was said to have been as a result of the scarcity of petrol and cash.
In the statement on Tuesday, LAMATA said: “With effect from Saturday, April 1, bus fare on all regulated buses — BRT, standard and FLM — shall revert to 100 per cent rate,” the statement read.
“Lagos State Governor, Babajide Olusola Sanwo-Olu, had on Wednesday, February 8, 2023, approved a 50% slash in bus fares following the cash crunch brought about by the recent currency swap.
“Following the Supreme Court and Federal Government’s pronouncements on the use of old notes alongside the new notes and return of stability to the system, the 50% rebate is hereby discontinued.”