Market News
Africa’s biggest waterway investment sets sail in Nigeria with $410 million project
Lagos State, Nigeria, has launched a $410 million water transport initiative that could redefine urban mobility and economic growth across Africa’s coastal megacities.
The Omi Eko Project, meaning “Water of Lagos,” aims to turn the state’s underused waterways into a sustainable, innovative, and efficient transport ecosystem that rivals some of the world’s most advanced blue economies.
Speaking at the official launch in Lagos on Friday, Governor Babajide Sanwo-Olu described Omi Eko as “a blueprint for sustainable urban mobility,” adding that the project would transform Lagos waterways from barriers of separation into “corridors of opportunity.”
“Our goal is clear: a Lagos where movement is seamless, where the air is cleaner, and where the waterways become corridors of opportunity rather than barriers of separation,” Sanwo-Olu said.
He emphasised that the initiative blends innovation, clean energy, and environmental stewardship to redefine mobility across Africa’s largest city.
“We are not just improving transportation; we are redefining mobility. We are not just managing water; we are mastering the possibility,” the governor declared.
