Lagos State Governor Babajide Sanwo-Olu has announced an ambitious plan to introduce 2,000 high-capacity buses through a Public Private Partnership (PPP) model next year, aiming to enhance public transportation and foster entrepreneurial growth in the city.
This initiative, revealed during the Lagos Investment Roundtable at the Ministry of Commerce, Cooperatives, Trade & Investment’s pre-event for the African Social Impact Summit (ASIS), is part of Lagos’s commitment to a climate-conscious smart city.
The new buses, running on Compressed Natural Gas (CNG), will complement the introduction of 5,000 new taxis, created through a partnership with a car manufacturer.
This move aligns with the state’s broader goal of improving transportation infrastructure and attracting further investment.
Read also:
- U.S. to scale up trade and investment in Africa, unveils new strategy for 2025
- Apply now: Get faster citizenship, business permits with FG’s new digital platform
- Apply now: Get up to ₦500,000 in non-repayable grant for your business
- Apply now for citizenship, business permits on Nigeria’s new digital platform
- Lagos launches N10bn aquaculture hub to boost fish farming, exports
- Radda revives historic groundnut mill, creates 500 Jobs
Governor Sanwo-Olu emphasized the need for diversified transport solutions, including the expansion of waterways and rail networks, supported by a $400 million World Bank facility.
He highlighted ongoing infrastructure projects like the Omu Creek road and bridge, which will significantly boost the area’s potential.
The Governor also underscored the state’s focus on innovative sectors, including food security through its Food Hub, and invited investors to contribute to Lagos’s ongoing development and prosperity.
Discover more from SMALL BUSINESS INSIGHTS
Subscribe to get the latest posts to your email.
