The Lagos Metropolitan Area Transport Authority (LAMATA) has issued a message notifying residents of Lagos that with effect from Saturday, 1st April, bus fares on all regulated buses BRT, Standard and FLM- shall revert to a 100 per cent rate.
The notice which was published on social media indicated that the Lagos State Governor, Mr Babajide Olusola Sanwo-Olu, on Lagos Wednesday, 8th February 2023 approved a 50% slash in bus fares following the cash crunch brought about by the recent currency swap.
It continued, “Following the Supreme Court and Federal Government’s pronouncements on the use of old notes alongside the new notes and the return of stability to the system, the 50% rebate is hereby discontinued”.
“Consequently, bus fares return to a pre-50% slash rate effective Saturday, 1st April 2023” the statement ends.
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