Subsidy: Akwa Ibom transport firm slashes fare by 25%

Capital Luxury Transit in Akwa Ibom State has announced a 25% cut in transportation fares to all routes across the country.

This was contained in a statement by the chairman of the group, Mr Edidiong Udoidiong, made available to our correspondent in Uyo on Sunday.

Udoidiong, who disclosed that the reduction commenced on June 15, 2023, noted that the removal of fuel subsidies has affected various sectors, including transportation, adding “We are keenly aware of the impact this has on our valued customers”.

The statement reads in part “The recent removal of fuel subsidies has undeniably affected various sectors, including transportation, and we are keenly aware of the impact this has on our valued customers.

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“In the light of the prevailing economic challenges facing our great nation, Capital Luxury Transit, a trailblazer in luxury road transportation, has taken a bold step towards mitigating the burden on our esteemed passengers.

“We are excited to announce a nationwide fare reduction of up to 25% which commenced since June15 2023(two months and
ongoing) Understanding the financial strains faced by individuals and families”.

While commending the CEO for his foresight and compassion for the plights of Nigerians, the statement added that Capital Luxury Transit would remain resolute in its commitment to delivering luxury, safety, and convenience despite the complex circumstances

“Capital Luxury Transit remains resolute in its commitment to delivering luxury, safety, and convenience. This fare reduction, a testament to the CEO’s compassion and foresight, underscores the unwavering resolve to serve customers with a commitment that transcends financial challenges.

“As a prominent player in the luxury transportation industry, we believe that this farer eduction not only eases the financial burden on our
passengers but also exemplifies our corporate responsibility in times of economic flux.

“Our dedication to passengers satisfaction remains unswerving,and this reduction is just one example of our ongoing efforts to ensure that luxury remains accessible to all.”.

“Capital Luxury Transit’s nationwide fare reduction will encompass all our routes and services, allowing a broader spectrum of individuals to
experience the opulence and comfort from a brand (Capital Luxury Transit) that has changed the narrative of transportation in the country”.