Reports from the Lagos State Metropolitan Area Transport Authority (LAMATA) noted that the Governor of the State, Babajide Sanwo-Olu has recently reduced the state-regulated train and bus tickets by 25% to accommodate the needs of Lagos residents.
This was disclosed in a statement by LAMATA that was shared on X (formerly Twitter) on Monday, November, 6th, stating: “Lagos approves 25% fare rebate for regulated bus and rail transport.”
The statement also noted that the government’s introduced 50% discount ended on Sunday, November 5th, while the 25% discount will take effect from November 7th.
Speaking on the new 25% discount rate for train services in the state, the LAMATA Head of Corporate Communication, Kolawole Ojelabi stated that it’s due to the increased price of diesel that went from N867 for a pump to N1,300 within three months.
In his statement, he noted: “Responding to calls for the reinstatement of the 50% rebate on fare for regulated bus and rail transport, Governor Babajide Sanwo-Olu has directed the implementation of 25 per cent discount beginning Tuesday, 7th November 2023.
“Governor Sanwo-Olu had on 2nd August 2023 announced a 50% discount in fare on regulated transport bus and rail transport which ended on Sunday.
“Following appeals to the Governor, he has extended the passenger fare reduction by 25% across the regulated bus and rail transport services until another review is announced.
“Within the three months period of the rebate, the pump price of diesel jumped from N867 in August to N1,300 in November 2023 representing about 50 percent jump.”
