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- Lagos budgets big
- Lekki-Epe Airport deal
- LAMATA revamps bus stops
- IFC Backs Lagos Zone
- Women farmers cut costs
- Lagos-Swedish exchange program
- Lagos boosts authority
- Lawmakers’ Light-Up project
- NRC, APMT Roll Out Service
- Cyclist eyes Guinness book
Lagos budgets ₦1.052 trillion for 2025 infrastructure
The Lagos State Government has allocated ₦1.052 trillion for infrastructure in its 2025 budget to complete ongoing projects. Commissioner for Economic Planning and Budget, Ope George, announced this while breaking down the ₦3.367 trillion budget, which will be 80% funded through internally generated revenue. Key projects include road construction, bus terminals, rail expansion, and drainage systems, Alimosho reported. The budget, tagged “Budget of Sustainability,” prioritizes economic stability, environmental protection, and urban renewal, with major investments in transport, housing, and waste management.
Sanwo-Olu signs deal for Lekki-Epe International Airport
Babajide Sanwo-Olu has signed a landmark agreement with Summa Group for the development of the Lekki-Epe International Airport, a project set to enhance connectivity, ease congestion at Murtala Muhammed International Airport, and attract global investment, “The Lekki-Epe International Airport will facilitate travel and create new opportunities for businesses and residents throughout the state,” Sanwo-Olu wrote in a tweet.
LAMATA to upgrade 91 bus stops
The Lagos Metropolitan Area Transport Authority (LAMATA) is set to upgrade 91 bus stops under its Quality Bus Corridor (QBC) project to improve public transport. “The project is designed to enhance public transportation by connecting communities to the existing BRT network,” LAMATA announced Monday. Funded by the Agence Française de Développement (AFD) and the Lagos State Government, the initiative will introduce new terminals and upgrade key routes, including Yaba, Lawanson, Cele, Abule Egba and Iju Ishaga, Nairametrics reported. LAMATA’s Technical Adviser, Engr. Adeyemi Adeniji, assured that funding is secured, with completion expected in 12 months.
IFC invests $50 million in Lagos Free Zone
The International Finance Corporation (IFC) has invested $50 million in the Lagos Free Zone (LFZ) to enhance infrastructure and attract businesses. “Lagos Free Zone is poised to drive job creation and enhance Nigeria’s competitiveness in global markets,” IFC’s regional director, Dahlia Khalifa sais. CEO of LFZ Company, Adesuwa Ladoja emphasized that the investment will help scale infrastructure, promote sustainability, and create economic opportunities, Business Day reported.
Women farmers launch cheaper produce initiative in Agbado-Oke-Odo
The Great Brave Women Association, a subsidiary of Nigeria Women in Agriculture (NWIA), has started selling farm produce at reduced prices across Lagos. Hundreds of residents in Agbado-Oke-Odo LCDA benefited on Sunday, with Chairman David Famuyiwa praising the initiative as a relief measure amid economic challenges, NAN reported. “This project bridges the gap between farmers and consumers, ensuring fair prices,” the Lagos secretary of Women in Agriculture, Yetunde Olaniyan said.
Speaker Meranda proposes exchange program with Swedish Parliament
Speaker Mojisola Meranda has proposed an exchange program with the Swedish Parliament to enhance legislative collaboration. Hosting Swedish Ambassador Hahn-England, she emphasized strengthening ties beyond trade, urging increased Swedish investment in Lagos. “This partnership will foster knowledge sharing and economic growth,” Meranda said.
Lagos targets industrial growth with new policy
Facing an 8,500MW electricity shortfall, the state is investing in solar mini-grids, waste-to-energy, and gas-to-power projects. “This is a defining moment to elevate industries,” said Commissioner Folashade Ambrose at the Industrial Policy Validation Workshop. The 2025-2030 policy aims to boost industrialization through public-private partnerships, dedicated power solutions, and infrastructure expansion, Champion News reported.
Lawmakers push for action on Light-Up project
The House of Assembly has urged Governor Babajide Sanwo-Olu to expedite contracts for the Light-Up project, citing security concerns over dark streets. Legislators stressed the need for solar-powered alternatives, accountability in the ₦24 billion budget allocation, and protection against vandalism. A seven-member ad-hoc committee was set up to investigate project performance, Vanguard reported.
NRC and APMT launch standard gauge container service
The Nigerian Railway Corporation (NRC) and APM Terminals (APMT) have launched standard gauge container traffic from Lagos to Moniya Freight Yard in Ibadan. “This will enhance import and export activities, providing a more efficient transportation mode,” NRC CEO, Dr. Kayode Opeifa said. The service will run three times a week, boosting trade and easing congestion, Guardian reported.
Cyclist completes Lagos to Maiduguri ride, eyes Guinness record
Cyclist Samuel Fasema has set his sights on the Guinness World Records after cycling from Lagos to Maiduguri and back in 19 days, covering 3,776 km, Guardian reported. “Some never believed I could do it, but I did,” he said, dedicating the feat to peace, unity, and the fight against drug abuse. A board member of the Nigeria Cycling Federation (NCF), Femi Thomas hailed the achievement as historic, urging corporate sponsors to support the sport.