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Lagos Government Reduces BRT Fares By 25 Percent After Passengers’ Outcry

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The Lagos State Government, on Monday, announced the implementation of 25 percent discount effective Tuesday (today), November 7, 2023, following passengers’ outcry over the reversal of the 50 percent rebate on the fares of Lagos State-regulated Bus Rapid Transit and rail transport.

Passengers on Monday had lamented the hike in transport fares as the state government ended the 50 percent palliative on transportation in the state.

The Lagos Metropolitan Area Transport Authority had announced at the weekend plans to end the 50 percent rebate in the state-regulated transport system announced by Governor Babajide Sanwo-Olu as a palliative measure to cushion the effects of the fuel subsidy removal on residents of the state.

The 50 percent discount on state-owned/regulated transport systems came into effect on August 2, 2023.

However, LAMATA, in a statement, announced that the 50 percent rebate has now been discontinued and all fares have now been reversed to what they were pre-August 2.

“The 50% rebate in transport fare in the regulated transport system in Lagos ends on Sunday,” LAMATA announced, adding, “The public is hereby informed that from Monday, 6th November 2023, transport fare will return to the pre-2nd August 2023 rate.”

It was gathered that the new fares being charged on passengers’ Cowry Cards were higher than the pre-palliative rates.

“It removed N500 from my card,” a passenger going to Maryland exclaimed in shock as a LAMATA ground officer maintained that the new fare to Maryland from Ikorodu is N500 as against the N400 pre-August 2 rate.

Passengers going to Yaba, Tafawa Balewa Square, among others, whose fare was N600 before the palliative, now pay N700 post-palliative.

It was also gathered that some passengers walked away from the terminal following the development, while others, who eventually boarded the buses, lamented that such a hike was ill-timed.

“Is this the right time to do this?” a passenger, who gave his name as Ade, said.

“We have an insensitive government. How can they increase transport fare through the back door despite the hardship in the land?” another passenger, who did not disclose her name, said.

According to The Punch, the Managing Director of LAMATA, Mrs Abimbola Akinajo, in a telephone chat, said, “I will have a conversation with my team and get back to you. I think Mr Governor is also looking at it, and we will put out a press statement soon.”

LAMATA, in a statement released late Monday, announced that the governor has directed the implementation of 25 percent discount.

“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 percent 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,” LAMATA said.

BIG STORY

President Tinubu Submits Four Tax Reform Bills To National Assembly

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President Bola Tinubu has submitted four tax reform bills to the National Assembly for their consideration.

In a letter presented during the plenary sessions by Senate President Godswill Akpabio and Speaker of the House of Representatives, Tajudeen Abbas, on Thursday, the President outlined that the bills align with his administration’s goals.

The proposed legislation includes the Nigeria Tax Bill 2024, designed to establish a comprehensive fiscal framework for regulating taxes.

The Tax Administration Bill aims to provide a clear legal structure for managing taxes in Nigeria, reducing disputes and improving efficiency.

Additionally, the Nigeria Revenue Service Establishment Bill seeks to repeal the Federal Inland Revenue Service Act and establish the Nigeria Revenue Service.

The Joint Revenue Board Establishment Bill proposes the creation of a tax tribunal and an ombudsman to handle tax-related issues.

Tinubu emphasized that these bills are intended to strengthen Nigeria’s fiscal institutions and support the broader development goals of his government.

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BREAKING: Court Bars VIO From Stopping, Impounding, Confiscating Vehicles

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A Federal High Court in Abuja has barred the Directorate of Road Traffic Services (VIO) from stopping vehicles, impounding or confiscating them, and imposing fines on motorists.

Justice Evelyn Maha issued the order in a judgment on fundamental rights enforcement suit FHC/ABJ/CS/1695/2023, filed by human rights activist Abubakar Marshal.

The judge upheld Marshal’s argument that “no law empowers respondents to stop, impound, confiscate, seize, or impose fines on motorists.”

Justice Maha declared that the respondents, under the control of the Minister of the FCT, are not empowered by any law to stop, impound, or confiscate vehicles or impose fines.

She issued an order restraining them from doing so, stating it’s “wrongful, oppressive, and unlawful.”

Additionally, Justice Maha made a perpetual injunction restraining the respondents from violating Nigerians’ rights to freedom of movement, presumption of innocence, and right to own property without lawful justification.

 

More to come…

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NELFUND Fixes BVN Verification Glitch, Urges Students To Reapply For Loans

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The Nigerian Education Loan Fund (NELFUND) has announced the resolution of a technical issue that disrupted the BVN (Bank Verification Number) verification process for students applying for loans.

The issue, which began over the weekend and persisted through the public holiday, caused delays for many applicants.

In a statement posted on NELFUND’s official X (formerly Twitter) account on Wednesday, the organization confirmed that the issue had been fully resolved by Tuesday morning. NELFUND advised all affected students to log back into the portal, complete their BVN verification, and proceed with their loan applications.

“Dear Students,

“We have observed that many of you experienced issues with BVN verification while applying for the student loan over the last weekend, including the public holiday.

“We are pleased to inform you that the issue has been addressed and fully resolved as of yesterday morning.

“We kindly advise all affected students to log back into the portal, complete the BVN verification process, and proceed with your loan application,” the statement read in part.

NELFUND also expressed gratitude to students for their patience during the disruption and reassured them that the application process can now continue smoothly without further issues.

The revised Student Loan Act of 2024 was designed to eliminate financial barriers and make education more accessible to all Nigerian students, regardless of their economic background.

The Nigerian Education Loan Fund (NELFUND) receives its primary funding from a 1% allocation of the total revenues collected by the Federal Inland Revenue Service (FIRS), Nigerian Immigration Service, and Nigerian Customs Service through taxes, levies, and duties.

In August, President Bola Tinubu announced that the Economic and Financial Crimes Commission (EFCC) had transferred N50 billion in recovered funds to NELFUND, following his directive, to further strengthen the student loan program.

Students from across the country applied for the NELFUND loan, with the top 10 states having the highest number of applicants, in ascending order, being Taraba, Yobe, Adamawa, Oyo, Plateau, Kaduna, Katsina, Benue, Borno, and Kano, which ranks first.

Since the fund disbursement’s rollout, NELFUND has distributed N4.6 billion as tuition support to students in 59 approved tertiary institutions across the country.

This includes N2.5 billion disbursed in August and an additional N2.1 billion disbursed to students in 40 institutions earlier in September.

Furthermore, in August, NELFUND initiated the distribution of N20,000 monthly stipends to beneficiaries, with 20,371 students from six tertiary institutions successfully receiving their July payments.

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