✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

Commercial boat operations drop by 60%

Members of the Waterfront Boat Owners and Transporters Association (WABOTAN) have said their operations have dropped by nothing less than 60 per cent in the…

Members of the Waterfront Boat Owners and Transporters Association (WABOTAN) have said their operations have dropped by nothing less than 60 per cent in the last five months.

The operators blamed the drop on the removal of the petrol subsidy.

National Public Relations Officer of WABOTAN, Chief Raymond Gold, in a chat with our correspondent said since the removal of fuel subsidy in May, boat operators have recorded about a 60 per cent drop in patronage.

“The decline in patronage is evident in the reduction in the number of daily boat trips. About 20 boats operating from Liverpool to Badagry have been reduced to about three to four boats running per day.

Gunmen kill 3 in Benue community

ADC to INEC: Conduct credible election in Kogi

“The decrease in boat trips suggests that some operators may have been forced to withdraw from the route or shift their focus to shorter distances to maintain their businesses.

“The truth is that before this fuel subsidy issue, travelling by water was cheaper and faster most of the time. For example, from Ikorodu to Ikoyi, at the LASWA Jetty, and environs was N1000. That is far cheaper compared to you travelling by road from Ikorodu through to CMS, and then to the Island and people were happy doing that.

“But then, fuel prices increased in May and they are now paying two times the initial price. So people began to consider going by road. Liverpool to Badagry was N2500; at the time it was even N2000 depending on the rush hour. But with the fuel subsidy removal, it became higher.”

Meanwhile, the Lagos state chapter Secretary of the Association of Tourist Boat Operators and Water Transporters (ATBOWATAN), Mr Ayomikun Aworetan also confirmed the sharp drop in the patronage of boat transportation in Lagos State.

LEARN AFFILIATE MARKETING: Learn How to Make Money with Expertnaire Affiliate Marketing Using the Simple 3-Step Method Explained to earn $500-$1000 Per Month.
Click here to learn more.

AMAZON KDP PUBLISHING: Make $1000-$5000+ Monthly Selling Books On Amazon Even If You Are Not A Writer! Using Your Mobile Phone or Laptop.
Click here to learn more.

GHOSTWRITING SERVICES: Learn How to Make Money As a Ghostwriter $1000 or more monthly: Insider Tips to Get Started. Click here to learn more.
Click here to learn more.

SECRET OF EARNING IN CRYPTO: Discover the Secrets of Earning $100 - $2000 Every Week With Crypto & DeFi Jobs.
Click here to learn more.