Lagos is spending big on infrastructure. But choking on debt.
As of December 2022, Lagos was the state with the highest debt stock across the Nigerian federation.
Earlier this year, the Lagos State Government launched the long-awaited Blue Line rail, connecting thousands of people between Marina and Mile 2. The project was announced with much fanfare and the state government implemented a 50 percent discount on all fares.
“The Blue Line Rail is one of the rail projects designed to make Lagos a fully interconnected city and it will transform our city's transport system,” Governor Babajide Sanwo-Olu said at the time. The Red Line rail, a 37km route from Agbado to Marina, is expected to be launched next, as early as next year.
The rail projects are only a subset of the projects embarked upon by the Sanwo-Olu administration. The state has collaborated with the private sector to launch the Lekki Deep Sea Port. It has proposed and initiated plans to construct the Fourth Mainland Bridge. Work has progressed on the Ope…
