• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Opinions Blurb

A look at projects that may suffer after Ambode’s exit – Part 2

Fikayo Owoeye by Fikayo Owoeye
October 24, 2018
in Blurb, Spotlight
Ambode
Share on FacebookShare on TwitterShare on Linkedin

The stage is now set as the two main parties in Lagos state, the Peoples’ Democratic Party (PDP) and the ruling All Progressive Congress (APC), have announced their flagbearers for the governorship election which is scheduled for February next year.

It is no longer news that the Ambode-led administration will come to an end on May 29 next year. Last week, Nairametrics started a series on projects that may be threatened with the exit of the present administration in Lagos state. This week, we bring the concluding list of ongoing projects and policies that may suffer after a new administration comes onboard.

The Onikan Stadium

Last year, the Ambode administration announced plans to reconstruct the 5,000 capacity Onikan Stadium. According to the Governor, the reconstruction of the oldest stadium in the country became necessary in order to promote the state’s desire to attain a host city status for local and international tournaments, as well as boost revenue generation of the state government.

RelatedStories

Valentine's day business ideas

Businesses that will profit from today’s Valentine’s Day celebrations

February 14, 2023
How to grow your customer base, keep your business in demand (Part 1) 

How to grow your customer base, keep your business in demand (Part 1) 

October 10, 2022

The contractor handling the reconstruction project, SlavaBogu Limited, had noted that the rehabilitation works would include demolition of existing facilities, removal of old turfs, paved driveways, perimeter fence amongst others. It was also stated that the project would be delivered by December this year.

A visit by Nairametrics to the site reveals that work has slowed down on the project, as very few workers were seen working half-heartedly on the site. Apparently, the December 2018 delivery date is no longer feasible.

Residents are hopeful that a change in government will not affect the completion of this project.

The Red BRT buses

In 2007, the Babatunde Fashola-administration introduced the Lagos State Bus Asset Management Limited (LAGBUS) scheme. The LAGBUS was set up as a limited liability company and as a management collaboration between the Lagos state government and the NURTW.

In 2008, the Lagos Bus Rapid Transit (BRT) was born. The transport system employs a dedicated lane to deliver a fast, comfortable and cost-effective bus service to Lagosians.

The first phase of the Lagos BRT operated on a 22-kilometre highway that connects Mile 12 and Lagos Island while the second phase of the BRT, extending from CMS to Mile 12 to Ikorodu, was later implemented.

To enhance its operations, while allowing private sector participation in the BRT scheme, a franchise system was devised by LAGBUS. In 2012, the LAGBUS franchise became operational. It started with 10 franchise companies, 17 operating routes, and 238 buses.

When the Ambode Government assumed power and while the contract signed with LAGBUS by the franchisees was still running, the Lagos State Metropolitan Area Transport Authority (LAMATA) went into a controversial BRT franchise with another private firm, this time, Primero Transport Services Limited.

In 2016, the Ambode-led government banned the LAGBUS buses from the BRT scheme. It meant that LAGBUS-NURTW-controlled buses were no longer allowed to utilize the Ikorodu-Mile 12-CMS BRT corridor to load or drop passengers; they could only use the road like other private commercial vehicles.

Many residents blame operators of the Red buses for lack of proper management, as taking a ride in LAGBUS buses is now reminiscent of the old Molue. The old habits have returned, with some of the buses having more than one conductor. Indeed, more than three persons stand at the front and back doors calling out to passengers or shouting at those already inside the vehicles.

A new administration in the state may decide to return to the Fashola model or maintain the Ambode model.

The Fourth Mainland Bridge

On May 25, 2016, in a bid to reduce traffic on the three bridges connecting the Mainland to the Island, the Ambode administration signed a concession agreement with a consortium of domestic and foreign firms to construct the 4th Mainland Bridge with a length of 38 kilometres at a whopping cost of ₦844 billion.

The consortium comprised Visible Asset Limited, Julius Berger Nigeria Plc., Hi-tech Construction Limited, J.P. Morgan, Eldorado Nigeria Limited, Nigerian Westminster Dredging and Marine, Africa Finance Corporation (AFC) and Access Bank.

After the concession agreement was signed, an Advance Engineering Consultant, Mr. Ger Horgan put the actual cost of the bridge at ₦790 billion, though the 10-year follow-up programme for structural pavement between 2018 and 2033 would gulp ₦5 billion. Sadly, on May 22, 2017, the state government announced its decision to terminate the MoU it had entered with a consortium of the firm to construct the Fourth Mainland Bridge at ₦844 billion.

On completion, the bridge will pass through Lekki, Langbasa and Baiyeiku towns along the shoreline of the Lagos Lagoon estuaries, further running through Igbogbo River Basin and crossing the Lagos Lagoon estuaries to Itamaga Area in Ikorodu. The alignment would further cut through the Itoikin road and the Ikorodu – Sagamu Road to connect Isawo inward Lagos – Ibadan Expressway at Ojodu Berger axis. The four-lane dual carriageway is also designed to have eight interchanges to facilitate effective inter-connectivity between different parts of the state.

Work has since stopped on the very important project while Lagosians are hoping to heave sighs of relief on the completion of this project soon.

Governance should be a continuum, where an incoming administration continues with the projects and policies of the preceding administration, but this is not the case in the Nigerian political landscape as several projects are starved of funds immediately a new government comes into power. The Ambode administration also scrapped several policies and projects of the Fashola administration.

Whichever way the pendulum swings at the next governorship election in the state, the new administration should act maturely by improving the existing infrastructure in the state. The race of making Lagos a “smart city” can only be achieved if there is a consistent improvement of infrastructure in the state.


Follow us for Breaking News and Market Intelligence.
Tags: Akinwumi AmbodeLagos State Bus Asset Management Limited (LAGBUS) schemeOn the Money
Fikayo Owoeye

Fikayo Owoeye

Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via fikayo.owoeye@nairametrics.com

Related Posts

Valentine's day business ideas
Financial Literacy

Businesses that will profit from today’s Valentine’s Day celebrations

February 14, 2023
How to grow your customer base, keep your business in demand (Part 1) 
Financial Literacy

How to grow your customer base, keep your business in demand (Part 1) 

October 10, 2022
From reading to vending: The story of Chike Nwafor who makes a decent living from peddling books 
Business

From reading to vending: The story of Chike Nwafor who makes a decent living from peddling books 

October 2, 2022
Nigerians react to Osinbajo’s declaration, ask Ambode to re-contest Lagos gubernatorial seat
Politics

Nigerians react to Osinbajo’s declaration, ask Ambode to re-contest Lagos gubernatorial seat

April 11, 2022
Interim Government: What’s the fuss about?
Business

Twitter ban lift: Experts point to Nigerian government as the biggest loser

January 16, 2022
Banks' stakeholders express 4 main concerns bothering the sector right now, CBN, MARKET UPDATE: CBN’s historic agriculture lending; Is it yielding the desired results? 
Financial Services

CBN waives guarantor requirement for N50 billion COVID-19 loan applications

June 8, 2020
Next Post
N4.5 trillion non-performing loans: AMCON raises concerns over banks’ debt , Heads could roll as AMCON probes Power Ministry over N1.68 billion payment to UK firm , AMCON Urged to declare Public Officials on Debtor list bankrupt 

REVEALED: Here are the names of AMCON debtors

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

first bank








DUNS

Recent News

  • Lagos commences enforcement against indiscriminate parking on Monday, July 28
  • U.S. and EU seal trade deal, agree on 15% tariffs to avert escalating trade war 
  • Weekly Market Wrap: All-Share Index jumps 2.18% as all sectors advance; Industrial Goods leads the pack 

Follow us on social media:

Recent News

The 10 most indebted states in Nigeria as of December 2024

Lagos commences enforcement against indiscriminate parking on Monday, July 28

July 27, 2025
U.S. and EU seal trade deal, agree on 15% tariffs to avert escalating trade war 

U.S. and EU seal trade deal, agree on 15% tariffs to avert escalating trade war 

July 27, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics