• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • 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
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • 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
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Business News

Lagos Rail Mass Transit Red Line to be operational by 2022

William Ukpe by William Ukpe
March 17, 2021
in Business News
Lagos Rail Mass Transit Red Line to be operational by 2022
Share on FacebookShare on TwitterShare on Linkedin

Mrs Abimbola Akinajo, the Managing Director, Lagos Metropolitan Area Transport Authority has disclosed that the Lagos Rail Mass Transit Red Line will be operational by the fourth quarter of 2022.

The Transport boss disclosed this in a statement on Tuesday after the presentation of cheques to employees of the Nigeria Railway Corporation (NRC).

“In other areas to be impacted by the rail project, we are currently carrying out verification exercises to determine the quantum of compensation to be paid.

MoreStories

Supreme Court quashes Ajaka’s request to replace Kogi governor Ododo 

Kogi secures NEPZA license for Ajaokuta Economic City Free Trade Zone   

February 26, 2026
Governor Sanwo-Olu to be honoured at Nairametrics Capital Market Awards for positioning Lagos as West Africa’s financial hub 

Sanwo-Olu unveils Invest Lagos 3.0 to boost capital mobilisation, trade 

February 26, 2026

“We do not wish to remove any building without paying compensation to both the house owners and the tenants.

READ: FG flags off $3 billion rail project that will connect about 14 Southern, Northern states

“The contractors to implement the rail project had been mobilised and had promised that barring any unforeseen circumstances, the Red line rail project will commence passenger operations by the last quarter of next year,” Akinajo stated.

The Managing Director of NRC, Mr Fidet Okhiria, who was represented by the Director, Administration and Human Resource, Dr Monsurat Omotayo, described the Red line rail project as part of the state government’s vision for development.

READ: It would be difficult to find loans to finance rail to Niger Republic – Cheta Nwanze

what you should know 

  • The Lagos Rail Mass Transit is an urban rail system being developed in Lagos. The system is managed by LAMATA.
  • The first 2 lines of the urban light rail project are estimated to cost $1.4bn. The Red line will be 30km long and will run between Marina and Agbado. The Blue line will be 27km long, connecting Okokomaiko to Marina.
  • The Blue line will cost $1.2bn and is being funded entirely by the Lagos State Government.

READ: National Housing Fund: FG inaugurates scheme’s first estate in Lagos


Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Tags: Lagos Metropolitan Area Transport AuthorityLagos Rail Mass Transit Red LineNigeria Railway CorporationNRC
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Next Post
Flutterwave teams up with Paypal to make it easier for African businesses to accept and make payments

What Flutterwave-PayPal partnership means to merchants in Africa

Comments 1

  1. Eno Ukpe says:
    March 17, 2021 at 11:14 pm

    Good day, I thought the blue line was part funded by the world Bank.

    Reply

Leave a Reply Cancel reply

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

rabafast

nairametrics








DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 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
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • 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
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics