Current:Home > FinancePoinbank Exchange|Nigeria slashes transport fees during the holidays to ease some of the pain of austerity measures -Infinite Edge Learning
Poinbank Exchange|Nigeria slashes transport fees during the holidays to ease some of the pain of austerity measures
PredictIQ Quantitative Think Tank Center View
Date:2025-04-08 19:38:53
ABUJA,Poinbank Exchange 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! (9912)
Related
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Man who decapitated newlywed wife sentenced to 40 years in Texas prison
- 2024 Olympics: Michael Phelps Pretty Disappointed in Team USA Men's Swimming Results
- Gymnast MyKayla Skinner Asks Simone Biles to Help End Cyberbullying After Olympic Team Drama
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- USWNT coach Emma Hayes calls Naomi Girma the 'best defender I've ever seen — ever'
- Georgia property owners battle railroad company in ongoing eminent domain case
- Parisian Restaurant Responds to Serena Williams' Claims It Denied Her and Family Access
- What to watch: O Jolie night
- Save an Extra 20% on West Elm Sale Items, 60% on Lounge Underwear, 70% on Coach Outlet & More Deals
Ranking
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Brandon Aiyuk trade options: Are Steelers or another team best landing spot for 49ers WR?
- Finally, US figure skaters will get Beijing Olympic gold medals — under Eiffel Tower
- Judge dismisses most claims in federal lawsuit filed by Black Texas student punished over hairstyle
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Lionel Richie Shares Insight Into Daughter Sofia Richie's Motherhood Journey
- Illinois Gov. Pritzker criticizes sheriff for hiring deputy who fatally shot Sonya Massey
- FACT FOCUS: False claims follow Minnesota governor’s selection as Harris’ running mate
Recommendation
The White House is cracking down on overdraft fees
WK Kellogg to close Omaha plant, downsize in Memphis as it shifts production to newer facilities
Olympic Pole Vaulter Anthony Ammirati Offered $250,000 From Adult Website After
As stock markets plummet, ask yourself: Do you really want Harris running the economy?
'We're reborn!' Gazans express joy at returning home to north
NYC journalist who documented pro-Palestinian vandalism arrested on felony hate crime charges
Exclusive: Oklahoma death row inmate Emmanuel Littlejohn wants forgiveness, mercy
Four are killed in the crash of a single-engine plane in northwestern Oklahoma City