Lagos bets $478 million on electric ferries to tame notorious gridlock
- The Omi Eko project is a €410 million initiative to enhance inland waterways transportation in Lagos.
- The project aims to move 25 million passengers annually by 2030, reducing reliance on road transport.
- It is backed by a €60 million EU grant and subsidised loans from the French Development Agency and the European Investment Bank.
The Omi Eko project represents a significant step towards sustainable urban mobility in Lagos, addressing both transportation inefficiencies and environmental concerns. However, its success will depend on effective execution and public acceptance, highlighting the need for strategic planning and community engagement.
