Lagos Launches €410 Million Electric Ferry Initiative

The broader €410 million financing package, supported by the French Development Agency and the European Commission, targets the construction of 15 ferry routes spanning 140 kilometres. These lines will connect 25 upgraded terminals, providing a high-capacity alternative for commuters. Each of the planned electric vessels holds up to 440 passengers, a move officials expect will lift water transport's share of city travel from less than one percent to eight percent by 2032.

Lagos State Commissioner for Transportation Oluwaseun Osiyemi emphasized that the project requires rigorous accountability to ensure successful delivery. For his part, EIB Vice-President Ambroise Fayolle noted that the initiative serves as a blueprint for affordable public transit that simultaneously addresses carbon emissions and urban congestion. By integrating these routes into the Lagos State Transport Master Plan, the government hopes to unlock the economic potential of its waterfront communities while meeting Nigeria’s National Development Plan objectives through 2025.