Glamtush reports that the Lagos State Government has announced the removal of the 50 per cent cut on its Bus Rapid Transit (BRT) ride, which was to cushion the effect of the naira scarcity in the state.
A statement on Tuesday, by Lagos Metropolitan Area Transport Authority, the agency responsible for the public transportation stated that “with effect from Saturday, April 1, bus fare on all regulated buses – BRT, Standard and FLM – shall revert to 100 per cent rate.”
The Lagos State Governor, Babajide Olusola Sanwo-Olu, had on February 8, approved a 50 per cent slash in bus fares, following the cash crunch occasioned by the recent currency swap.
However, LAMATA said, 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 was hereby discontinued.
“Consequently, bus fares return to pre-50 per cent slash rate effective Saturday, April 1, 2023,” it announced.
GOMYCODE and Woolf University have partnered to offer globally recognised master’s degree in Software Engineering…
Adeboye has inaugurated the stadium and swimming pool at the Redemption Camp. Glamtush reports…
Through a legacy of excellence and Innovation, First Bank of Nigeria Limited, the country’s oldest…
FirstBank has disclosed that the allegations of fraud against the bank by a customer is…
Unity Bank Plc has reaffirmed its commitment to women’s empowerment with a series of high-impact…
Court has banned the viewing of 'Gang of Lagos movie. Glamtush reports…