Transportation & Logistics

A survey conducted by Royal Haskoning in 2007 revealed that Lagos is a high-demand environment with a massive commuter population in the Central Business District at an estimate of ~2.5 million per day.

This sector is dominated by road transport accounting for ~85% of commercial and passenger transportation in Nigeria; and ~90% in Lagos. According to LAMATA, there are ~222 vehicles for every kilometer in Lagos State which is more than the national average pinned at ~11 vehicles for every kilometer of pliable road.

The Lagos State Investor Handbook 2012 states that over 70% of Lagos State is accessible by water. With ~22% of its 3,577 km² land mass being lagoons and creeks, the waterway transport system when developed is expected to relieve the pressure on the road and rail transport infrastructure, with additional benefits to warehousing, storage, and logistics services in the State.

Ibile Holdings Limited is keen to develop the waterways, as this area is virtually unexplored and a water-based transit system has huge potential to ease up the bottleneck currently experienced by the commuters in Lagos State.

Growth through innovation

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Growth through innovation

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The Investment Company of Lagos State Government.

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