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Commercial Boat Operations Experience 60% Drop Due to Fuel Subsidy Removal

Members of the Waterfront Boat Owners and Transporters Association (WABOTAN) have reported a significant drop in their operations of at least 60% over the last five months

paulcraft by paulcraft
October 17, 2023
in National
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Commercial Boat Operations
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  • Waterfront Boat Operators report a 60% drop in operations due to the removal of fuel subsidies affecting boat fares
  • Boat operators experience a significant decline in patronage with a decrease in daily boat trips in Lagos State

Members of the Waterfront Boat Owners and Transporters Association (WABOTAN) have reported a significant drop in their operations of at least 60% over the last five months. The operators attribute this decline to the removal of fuel subsidies.

According to the National Public Relations Officer of WABOTAN, Chief Raymond Gold, since the removal of fuel subsidy in May, boat operators have experienced a sharp decrease in patronage. This is evident in the reduction of daily boat trips. For example, the number of boats operating from Liverpool to Badagry has decreased from about 20 to only three or four boats per day.

Before the fuel subsidy removal, water travel was considered cheaper and often faster than road travel. However, with the increase in fuel prices in May, boat fares have sometimes doubled. As a result, more people have begun to consider travelling by road, leading to a decline in boat transportation patronage.

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

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