- Nigerians are already feeling the impact of President Tinubu’s declaration on fuel subsidy removal.
- Findings by Nairametrics show that cab rides and bus fares in Lagos have increased significantly.
- Nigerians believe the president should not have announced the subsidies removal on May 29 without putting measures in place to protect the people against the economic fallouts.
Nigerians are already suffering the effects of President Bola Tinubu’s statement on the removal of fuel subsidies. He made the statement on Monday, May 29, during his inauguration speech.
Many Lagos residents, who have been most affected by the development, have taken to social media to vent their frustration and disbelief after transport costs skyrocketed in a matter of hours.
Checks by Nairametrics show that many commuters in Lagos were stranded this morning as there were few commercial buses on the roads. This is because a lot of vehicles were in petrol queues across Lagos state.
Ridiculous price scenarios
Drop-off prices for the popular mobility app, Bolt, have increased and this has left many Nigerians frustrated.
As of Tuesday morning, May 30, 2023, Bolt was trending on Twitter as many Lagosians shared the ridiculously high Bolt prices they were charged, even for not-so-distant drop-off locations.
For instance, Bolt now charges between N5000 to N7000 per drop from Airport Road to Gbagada. Meanwhile, Maryland to Yaba now costs N3,300 to N4500. Meanwhile, Yaba to Obalende costs N8,650.
Also, Bolt is charging between N4,300 to N8,600 from Lekki Conservation Road to Obalende
