In response to the impact of fuel subsidy removal, the Lagos State Government has reduced transportation costs on all state-owned transport systems by 50 per cent.
The government also says foodstuff will be distributed to vulnerable individuals in the state as part of the palliative measures
Speaking at a press briefing on Monday at the Lagos House, Ikeja, Governor Babajide Sanwo-Olu stressed that the state government is working towards rolling out these palliatives to lessen the pain that the removal of subsidy has brought on the citizens.
The governor added that modalities have also been put in place by the informal transportation sector, especially the yellow buses, to slash their charges by 25 per cent.
According to the governor, the 50 per cent slash in transportation costs by the government will take effect from Wednesday, August 2, 2023.
More details to come..