He promised that the customers would experience service delivery in its operations as the Lagos State government had concluded plans to increase the LAGFERRY fleet to 20.
“I urge you to stay tuned and expect more remarkable giant strides in water transportation in the first quarter of the new year, as we take delivery of additional world-class, state of the art, boats to increase our fleet to 20 and our capacity to meet the ever-increasing demands,” he said.
He added that despite challenges posed by the pandemic, the company was still able to expand operations to Epe, Badagry, Agbowa-Ikosi, Agbara and Ibeju-Lekki areas of Lagos.
The MD also revealed that LAGFERRY was responsible for 38% of the water transportation index to the transportation matrix of Lagos and also improved the contribution of water transport to the state’s GDP from 0.2 per cent to 0.8 per cent, citing that the operations had helped decongest road traffic in Lagos State and boost ease of doing business through the waterways.
“We will continue to break new grounds as we open up uncharted territory on water,” he added.
Nairametrics reported in July 2020 that the Managing Director of the Lagos Ferry Services Company (LAGFERRY) Mr AbdoulBaq Balogun said the company had a target of transporting 480,000 people daily on the waterways of Lagos State.
In December, Lagos State Government called on all road users in the metropolis to embrace and make use of water transportation in order to decongest the roads, especially during the holiday season.
The Lagos State Permanent Secretary said that the first phase of the Blue Line Project from Marina to Mile 2 would be completed and delivered for operations in 2022, as well as the Red Line, which would share the standard gauge track of the Lagos-Ibadan route to connect Oyingbo and Alagbado.
Download Nairametrics App for breaking news and market intelligence.