Maritime

Lagos govt secures €410m funding to boost Blue Economy

Published by

THE Lagos Government has announced that it has secured €410 million in funding to develop its blue economy. The funds will be used to integrate road, rail, and water transportation systems, providing a seamless, affordable, and sustainable commuting experience.

According to Ope George, Commissioner for Economic Planning and Budget, the project aims to decarbonize public transportation by developing mass public inland waterways transport with electric ferries (e-ferries).

The project includes upgrading 25 ferry terminals and jetties; acquiring 75 electric-powered vessels and establishing 15 ferry routes across the Lagos lagoon.

George reaffirmed the state government’s commitment to improving the welfare of its citizens.

“We prioritised social protection in the 2024 budget and will continue to do so in the 2025 budget. As a responsible government, we recognise that providing for our people goes beyond infrastructure, which is why we’ve included social protection in our budget,” he said during a consultative forum on the 2025 budget.

Read Also: 7 most technologically advanced countries in the World

Recent Posts

Rumbles in Nigeria’s FMCG space, as Fearless, Pop Power bicker over product identity

In standard marketing practice, one of the key elements of branding is differentiation. That is…

8 minutes ago

Osun politics, defection and Adeleke’s prospects in 2026

By Kehinde Kolawole HONOURABLE Oluwole Oke is a quintessential lawmaker. He has been in the…

43 minutes ago

Human trafficking: A persistent scourge Nigeria must deal with

As Nigeria continues to grapple with various socio-economic challenges, one issue that demands urgent attention…

2 hours ago

Aso-ofi, men-led traditional cloth business striving for survival amidst inflation

Aso-Oke is an age-old handicraft largely accompanied by huge profit; however, the recent skyrocketing in…

2 hours ago

Japa: Why paying N15m to N40m for UK, US certificate of sponsorship is fraud — Immigration lawyer

He lamented that people package a Certificate of Sponsorship for those travelling (Japa) and sell…

3 hours ago

APC youth leaders applaud Matawalle’s contributions to national security

The APC youth leaders' network has commended the Minister of State for Defence, Bello Matawalle,…

3 hours ago

Welcome

Install

This website uses cookies.