MoMo PSB Introduces ₦10 Bus Ride Initiative to Support UNILAG Students
From early-morning lectures to late-night study sessions, movement across the University of Lagos is constant. To make commuting easier and more affordable, MoMo Payment Service Bank (MoMo PSB), in partnership with Ogata Electric Vehicles, has introduced ₦10 bus rides for all UNILAG students this semester.
This subsidised transport scheme is part of MoMo PSB’s ongoing commitment to improving student life, reducing daily stress factors, and making essential services more accessible to young Nigerians.
“Students already navigate the pressure of academics, projects, and extracurricular activities. Transport shouldn’t be another burden, and this is what makes the ₦10 initiative a welcome intervention as the new semester begins,” said Phrase Lubega, CEO, MoMo PSB.
The process is simple and fully digital; Students pay the usual ₦100 fare from their MoMo account by transfer or QR into Ogata Transport MoMo account which is available at the bus stop and MoMo PSB instantly refunds ₦90 as cashback, making the ride only ₦10. The subsidy applies to the most frequently used routes: Main Gate to Campus and Campus back to Main Gate, ensuring that students enjoy maximum relief where it matters most.
Many have already described the intervention as timely, impactful, and a major boost to punctuality, comfort, and energy levels, especially under Lagos’ intense sunshine.
For MoMo PSB, this initiative goes beyond making transportation more affordable for UNILAG students. By leveraging Ogata’s existing electric vehicles for the subsidy program, MoMo PSB is taking steps toward a greener future at UNILAG by supporting the use of electric vehicles for student transportation. This helps lower carbon emissions, contribute to a cleaner, quieter campus environment while also promoting environmental sustainability.
As a payment service bank by MTN, MoMo PSB provides simple and secure financial services for millions of Nigerians, from local and international transfers to savings, card services, bills, airtime, data, and secure wallet solutions. This partnership with Ogata Transport extends that mission by embedding financial convenience into students’ everyday routine.
Ogata Transport reports that the digital payment process has also improved operations, reducing cash handling, enhancing terminal organisation, and ensuring a more reliable flow of buses throughout the day.
“This collaboration brings meaningful benefits to the students. Through this partnership, bus fares can now be offered at a more subsidised rate which helps students save money. This is especially significant during this festive season when many are prioritising essential expenses. We are proud that this initiative supports not just their mobility but also their financial welfare.” Henry Eke, Chief Executive Officer, Ogata stated. “We value the trust MoMo Payment Service Bank Limited has placed in us, and we look forward to deepening this partnership as we continue providing sustainable, affordable, and student-centred transport solutions on campus.”
MoMo PSB has also introduced two new affordable data bundles, the MoMo special bundles exclusively on the MoMo app: 1GB for just N200 and 2.5GB for N500, significantly lower than the N500 and N950 prices offered on other platforms for similar bundles. This initiative reflects the ongoing commitment to minimising the everyday cost of essential services for students and all MoMo customers, making connectivity more accessible and affordable for everyone.
Through this initiative, MoMo PSB reinforces its commitment to student communities and environmental sustainability.
Students can enjoy this offer by downloading the MoMo PSB App from App store or Google Play Store or visiting MoMo PSB social media pages @momo_psb to learn more.