The Lagos State Government says its push to transition the transport and haulage sector to cleaner energy and safer operations is set to attract investments exceeding N50bn.
The Senior Special Assistant to the Governor on Transportation, Sola Giwa, made this known at a stakeholders’ engagement in Lagos on Tuesday.
He said the investment projection was tied to ongoing collaborations with financial institutions and transport operators, especially in the deployment of Compressed Natural Gas vehicles.
Giwa noted that Governor Babajide Sanwo-Olu’s administration had intensified efforts to ease financing for operators, adding that the Presidential Initiative on CNG had already delivered 20 CNG buses to the state. He commended the governor for the state’s sustained investment in clean energy mobility.
He said, “The Presidential Initiative on CNG under this administration has already delivered 20 CNG buses. In addition, we received 50-seater CNG buses, and just three months ago, three new LPC 50-seater CNG buses were handed over.
“All these efforts have helped improve mass transit across the country. By the government’s projections, the value of the current initiatives will reach over N50bn, reinforcing the state’s resolve to modernise transportation infrastructure.”
