The Lagos State Government, through the Lagos Metropolitan Area Transport Authority (LAMATA), has announced the cessation of the 25% discount on transport fares across the entire Lagos State Public Transport System. Starting Monday, January 29th, 2024, regulated transport fares will return to 100%. LAMATA advised Lagosians to prepare for the resumption of regular rates. Governor Babajide Sanwo-Olu had on July 31, 2023 announced a 50% reduction in state-owned buses and 25% in commercial yellow bus fares on all routes, effective from August 2, 2023, to mitigate the impact of the petrol subsidy removal. Governor Babajide Sanwo-Olu had on July 31, 2023 announced a 50% reduction in state-owned buses and 25% reduction in commercial yellow bus fares from August 2, 2023, to mitigate the impact of the petrol subsidy removal.