According to a statement from Lagos State, the government bus fee cut of 50% that began on February 8 will end on April 1.
The Lagos Metropolitan Area Transport Authority (LAMATA), in a statement on Tuesday, instructed drivers to reinstate 100% charges for all state-owned buses as of April 1.
On February 8, Governor Babajide Sanwo-Olu ordered a 50% price cut for all state-owned transportation services to help mitigate the effects of the acute shortage of naira notes and petrol at the time.
LAMATA said that the ticket cut had outlived its purpose in a statement.
The announcement said, “With effect from Saturday, April 1, bus fare on all regulated buses—BRT, standard, and FLM—shall return to 100% rate.
When a recent currency exchange caused a financial crisis, Babajide Olusola Sanwo-Olu, the governor of Lagos State, announced a 50% reduction in bus rates on Wednesday, February 8, 2023.
The agency stated, “The 50% refund is thus ended after the supreme court and federal government’s rulings on the usage of old notes alongside the new notes and restoration of stability to the system.