Current:Home > StocksNigeria slashes transport fees during the holidays to ease some of the pain of austerity measures -RiskWatch
Nigeria slashes transport fees during the holidays to ease some of the pain of austerity measures
View
Date:2025-04-12 16:05:47
ABUJA, Nigeria (AP) — Nigeria’s leader slashed the fees during the holiday season for several public transport routes in half and offered free train rides starting Thursday, hoping to ease — at least temporarily — some of the economic hardship caused by his government’s austerity measures.
Elected in May to lead Africa’s most populous country, President Bola Tinubu has introduced several economic changes, including removing decadeslong gas subsidies. The impact of the measures has worsened the cost of living for millions already struggling with record inflation.
Nigeria is a nation of more than 210 million people and also the continent’s largest economy but it suffers from widespread poverty, violent crime and religious extremism. The population is almost evenly divided between Christians, dominant in the south, and Muslims in the north, and Christmas is a national holiday.
Government minister Dele Alake, in charge of the solid minerals portfolio, told reporters late Wednesday that the government’s decision on the reduced cost of public transport fees comes “in recognition of the economic situation of the country which he (Tinubu) is working very hard to turn around.”
Though Nigerians often see Christmas as a once-in-a-year opportunity to reunite with families back in rural areas, fewer people are traveling home this year as more citizens are forced to decide between traveling or saving money for basic necessities such as food.
In big urban places such as the economic hub of Lagos, transport fares have more than tripled since the government removed gas subsidies. Commuters now have to pay for cabs within the city with what three years ago would have been enough for an interstate plane ticket in Nigeria.
“This season has not been like other seasons,” said Ndubuisi Anyanwu, a bus driver at a popular Lagos park, lamenting the lack of passengers “because there is no money.”
The change in public transport fees will target 5 million Nigerians and last till Jan. 4, presidential spokesman Bayo Onanuga said. There will be free transport on the three major train routes in the country in addition to a 50% discount when travelers use any of the selected five popular transport companies across 28 routes, Onanuga said.
While the intervention was welcomed by many, some criticized the decision to limit the 50% discounts to only five transport companies, saying this would limit the number of people impacted by the measure.
In the capital city of Abuja, Uche Udenwa says he will for the first time miss out on going home to his village in southeast Nigeria for Christmas because he can’t afford to pay more than double what he paid last year.
“I was looking forward to seeing my people this December but where will I see money to travel?” the 30-year-old trader said.
___
Associated Press writer Dan Ikpoyi in Lagos, Nigeria, contributed to this report.
___
This story has been corrected to show that government minister Dele Alake runs the portfolio on solid minerals, not the ministry of information.
veryGood! (79)
Related
- Grammy nominee Teddy Swims on love, growth and embracing change
- A collection of the insights Warren Buffett offered in his annual letter Saturday
- Inherited your mom's 1960s home? How to use a 1031 exchange to build wealth, save on taxes
- Seaplane crashes near PortMiami, all 7 passengers escape without injury, officials say
- Former longtime South Carolina congressman John Spratt dies at 82
- US appeals court panel declines to delay execution of one of longest-serving death-row inmates
- The SAG Awards will stream Saturday live on Netflix. Here’s what to know
- LA Dodgers' 2024 hype hits fever pitch as team takes field for first spring training games
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- South Carolina Welcomes Multibillion Dollar Electric Vehicle Projects, Even Though Many Echo Trump’s Harsh EV Critiques
Ranking
- 'Most Whopper
- 1 dead, 3 injured following a fire at a Massachusetts house
- Cellphone data cited in court filing raises questions about testimony on Fani Willis relationship
- Embattled superintendent overseeing Las Vegas-area public schools steps down
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Maryland House OKs bill to enable undocumented immigrants to buy health insurance on state exchange
- Department of Defense says high-altitude balloon detected over Western U.S. is hobbyist balloon
- Facing backlash over IVF ruling, Alabama lawmakers look for a fix
Recommendation
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Watch this missing cat come wandering home
Alabama Senate OKs bill targeting college diversity efforts
'The Walking Dead: The Ones Who Live': New series premiere date, cast, where to watch
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Lulus’ Buy 3-Get-1 Free Sale Includes Elegant & Stylish Dresses, Starting at $15
Coyotes look to terminate Adam Ruzicka's contract after problematic social media video
MLB's jersey controversy isn't the first uproar over new uniforms: Check out NBA, NFL gaffes