Lagos State governor, Babajide Sanwo-Olu, on Wednesday, rolled out measures to cushion the biting effects of the current scarcity of Naira occasioned by the Central Bank of Nigeria (CBN’s) Naira swap policy and the lingering fuel scarcity in the State.
Governor Sanwo-Olu, who made the announcement during a statewide broadcast on the state of the nation, held at the Lagos House, Marina, commended residents for keeping calm and resilient even in the face of “unfortunate hardship” due to the scarcity.
The governor explained that the measures became necessary to ameliorate the situation among the vulnerable residents of the State.
Governor Sanwo-olu said, “Dear Lagosians, I have found it necessary to address the good people of Lagos, following some events in our dear country. The currency exchange and the fuel situation have, no doubt, raised the tension in the land”.
“I commend our dear citizens for your patience and understanding in the face of hardship that you have experienced in recent days. Your resilience has been remarkable”.
“The current situation has had telling effects and we have taken some steps to cushion these effects. To support you in weathering these stormy days, I hereby announce a 50% cut in fares on all our BRT buses, LAGRIDE taxi-scheme, First Mile and Last Mile buses, and Lagos Ferry Services (LAGFERRY)”.
“This will take effect from tomorrow (Thursday) for the next seven days.We will push out more Cowry Cards to enable more Lagosians get onboard our services”.
“I have also directed that food banks be set up in various parts of the State to cater for the vulnerable”.
“We have identified stakeholders and organisations that will help distribute food stuff to the vulnerable people hit by the current situation”.
“We understand this is a difficult moment for vulnerable individuals. The relief will help until normalcy is restored”.