• 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 Sectors Real Estate and Construction

LAMATA to compensate over 600 affected property owners for Mile 2 interchange project

Caleb Obiowo by Caleb Obiowo
April 23, 2024
in Real Estate and Construction, Sectors
LAMATA
Share on FacebookShare on TwitterShare on Linkedin

The Lagos Metropolitan Area Transport Authority (LAMATA)  has begun implementing the resettlement action plan for the proposed Mile 2 interchange project, intending to compensate over 600 affected persons.

Nairametrics obtained this from LAMATA’s statement on its official X account, detailing compensation plans for those affected by interchange construction at Marina and Mile 2, with Mile 2 as the current focus.

  • “In preparation for the commencement of work on the transport interchanges projects at Mile 2, the Lagos Metropolitan Area Transport Authority (LAMATA) has commenced the implementation of the resettlement action plan for the project with the payment of compensation to project affected persons (PAPs),” the statement read in part.

LAMATA’s Managing Director, Engr. Mrs. Abimbola Akinajo, oversaw the presentation of cheques to the affected property owners impacted by the forthcoming interchange construction. Engr. Olasunkanmi Okusaga, LAMATA’s Director of Rail Transport, represented her at the event.

MoreStories

Insurance heats up: Top 10 best-performing insurance stocks of 2025 so far 

Linkage Assurance gets SEC approval for N16.26 billion rights issue, sets offer dates

March 5, 2026
Federal High Court

Former aviation minister Stella Oduah seeks plea bargain in N2.5bn fraud trial

March 5, 2026
Recommended reading: Nigcomsat and LAMATA explore partnership to improve internet connectivity on Lagos Rail Transit

More insight

  • The statement specified that the planned interchanges at Mile 2 and Marina are part of Phase 1 of the Lagos State Transport Master Plan Project (LSTMPP).
  • This project, aimed at streamlining Lagos’ transportation system with an integrated, multimodal approach, is funded by Agence Française de Développement (AFD).
  • The initiative involves constructing interchanges to unify four transportation modes—water, rail, bus, and non-motorized transport—into a single hub, enhancing efficiency and connectivity for Lagosians.
  • The compensation payment, following extensive stakeholder engagement to ensure equitable treatment for impacted residents, aligns with AFD’s Environmental and Social contractual requirements.
Recommended reading: LAMATA to compensate property owners impacted by proposed 8.7 km QBC project 

 


Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Tags: Agence Francaise de DeveloppementLSTMPPproject affected persons
Caleb Obiowo

Caleb Obiowo

Caleb Obiowo is a graduate of Urban and Regional Planning from the University of Uyo. At Nairametrics, he covers transport and logistics in Nigeria, along with real estate, construction, and aviation. He focuses on delivering clear, easy-to-understand stories and often digs deeper into industry issues through conversations with key players.

Next Post
NIPOST

CAC revokes certificates of two NIPOST subsidiaries

Leave a Reply Cancel reply

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

rabafast
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