LASG Partners IFC To Provide $50m to Finance, Operate 8km Two Bus Corridor

With the regular influx of people and businesses into the state, the Lagos state government under the leadership of Babajide Sanwo-Olu, has partnered with the International Finance Corporation (IFC) to develop two bus corridors within the Lagos state metropolis.

The collaboration becomes so necessary because the Governor has always been seeking ways of easing the transportation challenges that residents encounter by seeking developmental partnerships

The partnership is however, believed that would translate to increased access to public transportation and a reduction in vehicle emissions in Lagos.

Through this partnership, IFC shall be providing a $50 million local-currency loan to help Lagos finance, upgrade and operate two bus corridors, measuring eight kilometres, in theAbule-Egba-Command and lle Iwe-lle Epo communities, two of the most densely populated and congested parts of Lagos state.

A big thank you to the IFC team, ably led by Ms. Linda Munyengeterwa, the Regional Industry Director of Infrastructure for the Middle East and Africa for believing in and keying into our T.H.E.M.E.S agenda. We hereby look forward to a mutually beneficial relationship.