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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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Lagos reduces BRT's fare by 50 per cent


By Akinola Ajibade


Residents and Non-Residents in Lagos will as from tomorrow ( Thursday) start paying smaller  amounts of money as fares for boarding the Bus Rapid Transit ( BRT) and other state-owned transport modes.

This follows the decision by the state governor, Babajide Sanwoolu to approve a 50 percent reduction on fares for passengers in the state.

Other transport modes  approved by the governor were LAGRIDE taxi-scheme, First Mile and Last Mile buses, and Lagos Ferry Services (LAGFERRY).

While announcing the initiative,  Sanwoolu said that the idea would help in reducing the problems of the residents, adding that that more Cowrie Cards would be provided at bus terminals to enable  Lagosians to get onboard and benefit from the service introduced in response to yearnings of the residents.

He  disclosed that food banks would be set up across the state, to distribute and assist vulnerable Lagosians to have access to better meals across the state.

The  50 percent reduction on all state transport facilities, Sanwoolu said, would be in place in the next seven days, stressing that the naira and fuel scarcity currently being experienced by Lagosians were policies introduced by the Federal Government would soon be a thing of the past.

He said: " 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 for the next seven days. We will push out more Cowrie Cards to enable more Lagosians to get onboard our services.
Adding that: “I have directed that food banks be set up in various parts of the State to cater for the vulnerable. We will distribute foodstuff to various communities”, the governor added.
On scarcity of fuel, he said the state government is holding discussion  the Nigerian National Petroleum Corporation Limited (NNPCL) on the issue.


Sanwo-Olu added that during discussions between the state representatives and NNPCL, the petroleum firm demanded that Ijegun Egba tank farm owners and operators be given unhindered access to the fuel depots.
The governor, who noted that about 40 percent of petroleum products used in Lagos come from the axis, disclosed that its officials have rearranged the timing of the work on the Buba Marwa Road, a dual carriageway that leads to the tank farms.
Accord

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