• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Wednesday, February 4, 2026
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
ADVERTISEMENT
Home Top Stories

FG Allocates N146.14 Billion Counterpart Funding For 68km Lagos Rail Project Connecting VI, Lekki, Ajah

This allocation is part of the proposed N49.74 trillion budget for the 2025 fiscal year and falls under the Ministry of Transport’s total allocation of N256.73 billion to support its initiatives.

by NewsOnline Nigeria
January 5, 2025
in Top Stories
0
SERAP, Amnesty International

President Tinubu

FG allocated N146.14 billion counterpart funding for the 68km Lagos Rail Project Connecting VI and Lekki, Ajah in the 2025 budget.

 

NewsOnline Nigeria reports that the Federal Government has allocated N146.14 billion as counterpart funding for the Lagos Green Line Metro Rail Project. This 68km rail network 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 project’s development.

 

ALSO: Mele Kyari Under Fire Over Missing NNPCL’s N825bn, $2.5bn For Refinery Repairs

 

This allocation is part of the proposed N49.74 trillion budget for the 2025 fiscal year and falls under the Ministry of Transport’s total allocation of N256.73 billion to support its initiatives.

 

This information was obtained from the 2025 copy of the Federal Government’s Final Budget Proposal, which outlines plans for extensive infrastructure development.

 

Recall 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.

NewsOnline Nigeria reports that 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.

 

The Blue Line, a 27km rail line, forms part of the Lagos Rail Mass Transit (LRMT) system. Its first phase, covering 13km from Lagos Marina to Mile 2, was completed in 2023 and began commercial operations in September, transporting around 2 million passengers since its launch.

The Red Line, a 37km rail project, connects Agbado in Ogun State to Oyingbo in Lagos. The first phase, spanning 27km, features eight strategically located stations: Agbado, Iju, Agege, Ikeja, Oshodi, Mushin, Yaba, and Oyingbo. Once fully operational, the Red Line is projected to run 20 trips daily, carrying approximately 500,000 passengers.

Other proposed lines include the 85.7km Purple Line (connecting Redemption Camp to Ojo), the 48km Orange Line (from Ikeja CBD to Agbowa), and the Yellow Line.

These lines are all part of the city’s ambitious plan to address its transportation challenges. Together, these rail lines are designed to offer modern, sustainable, and efficient transit solutions, providing a reliable alternative to Lagos’ often congested road networks.

Previous Post

BREAKING: Mele Kyari Under Fire Over Missing NNPCL’s N825bn, $2.5bn For Refinery Repairs

Next Post

Black Market Dollar To Naira Exchange Rate In Lagos, FCT, 5th January 2025

Next Post
Naira

Black Market Dollar To Naira Exchange Rate In Lagos, FCT, 5th January 2025

Trending Stories

No Content Available

Latest Stories

Christian–Muslim Violence

BREAKING: Nigeria Risks Widespread Christian–Muslim Violence Amid Global Religious Crisis

Electricity Subsidies

FG Plans N3.6tn FAAC Deduction for Electricity Subsidies in 2026–2028

US

BREAKING: US Deploys Troops to Nigeria Amid Counterterrorism Cooperation

Epstein Files

Epstein Files Release Raises Fresh Questions Over Possible Involvement of Powerful Third Parties

Jeffrey Epstein

Jeffrey Epstein Life, Wealth, Sex Crime Allegations, Island, Death and the Controversial Epstein Files

Nigeria Governors

Nigeria Governors Face Rising Criticism Over FAAC Windfall Allocation With Limited Impact

2025 SSCE External Results

NECO Releases 2025 SSCE External Results, Over 80% Score Five Credits and Above

US

US to Deport 79 Nigerians as DHS Releases ‘Worst-of-the-Worst’ Criminal List

Tinubu

Tinubu Directs FERMA to Adopt Preventive, Data-Driven Road Maintenance Strategy

Ex-AGF Abubakar Malami

DSS Arraigns Ex-AGF Abubakar Malami, Son Over Terrorism Financing and Illegal Firearms (FULL LIST)

NewsOnline Nigeria

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: [email protected]

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2026 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria