The Lagos State Government has declared the removal of the 50 percent reduction on Bus Rapid Transit (BRT) fares, which was introduced to alleviate the impact of the scarcity of the naira in the state. The Lagos Metropolitan Area Transport Authority, the agency responsible for public transportation, released a statement on Tuesday affirming that beginning Saturday, April 1, bus fares on all regulated buses such as BRT, Standard, and FLM will return to their original price.
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The Governor of Lagos State, Babajide Olusola Sanwo-Olu, had earlier approved a 50% reduction in bus fares on February 8, 2023, in response to the currency swap’s financial pressures. However, LAMATA stated that the 50% rebate would be discontinued in light of the Supreme Court and Federal Government’s recent statements on the use of old and new notes and the restoration of stability to the system. “As a result, bus fares will revert to their pre-50% reduction rate starting from Saturday, April 1, 2023,” it said.
