BREAKING: FG allocates N146 billion counterpart funding for 68km Lagos Green Line rail project connecting Victoria Island (VI), Lekki, Ajah

The Federal Government has allocated N146.14 billion as counterpart funding for the Lagos Green Line Metro Rail Project, a 68km rail network that will stretch from the Lekki Free Zone to the Marina, connecting key areas of Lagos, including Victoria Island (VI), Lekki, and Ajah.

This funding will be transferred to the Ministry of Finance Incorporated (MOFI), which will handle the counterpart funding on behalf of the Ministry of Transport for the development of the project.

In September 2024, the Lagos State Government formalized an agreement with the Ministry of Finance Incorporated (MOFI) and China Harbour Engineering Company (CHEC) for the development of the Green Line.

Under this agreement, MOFI and CHEC will be responsible for overseeing the design, financing, and operation of the project, marking a significant step forward in transforming Lagos’ public transportation system.

The 68km Green Line, intended to run from the Lekki Free Trade Zone to Marina, is a central component of the Lagos Strategic Transport Master Plan, which aims to establish a comprehensive metro rail system with six Light Rail Transit (LRT) lines.