Categories: News

President Bola Tinubu to Inaugurate Red Line Mass Transit Train on February 29

President Bola Tinubu is slated to inaugurate the long-awaited Red Line Mass Transit Train on February 29, according to the Lagos State Governor, Mr. Babajide Sanwo-Olu.

The disclosure came during the Lagos State Parking Authority (LASPA) Stakeholders’ Forum 2024, held in Lagos.

The Red Line, a pivotal component of the state’s integrated mass transit system, stretches from Agbado in Ogun State to Oyingbo in Lagos Mainland.

The project aims to alleviate the perennial traffic congestion in Lagos, offering commuters a faster and more efficient mode of transportation.

Governor Sanwo-Olu highlighted the state’s commitment to addressing traffic challenges and emphasized the importance of the Lagos State Parking Policy in regulating parking across the metropolis.

The policy established the Lagos State Parking Authority (LASPA), tasked with implementing innovative parking solutions.

He underscored the collaboration between the state government and local authorities, recognizing the strategic partnership with the Association of Local Governments of Nigeria (ALGON) in parking regulation efforts.

The forthcoming inauguration marks a significant milestone in Lagos’ transportation infrastructure, promising improved mobility and reduced commute times for millions of residents.

With President Tinubu set to officiate the event, anticipation is high as the city prepares for this transformative development in its public transportation landscape.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

Metering Gap Exceeds 7 Million Despite Multilateral Loans and Government Funds

Despite interventions by the Federal Government and multilateral lenders amounting to over N1.5 trillion, Nigeria’s…

37 minutes ago

Petrol Prices Surge to N990 in Abuja, N960 in Lagos as Oil Tops $80 Per Barrel

The Nigerian National Petroleum Company Limited (NNPC) has increased the pump price of petrol at…

1 hour ago

Brent Crude at $79.38 Amid Trump’s National Energy Emergency Declaration

Oil prices remained steady on Wednesday as investors assessed the potential impact of U.S. President…

2 hours ago

Netflix Hits 302 Million Subscribers, Surpasses $10 Billion in Annual Operating Income

Netflix ended 2024 on a high note as its global subscribers rose to 302 million…

3 hours ago

PalmPay Explores Remittance Services as Part of Ambitious Global Growth Strategy

PalmPay, a leading Nigerian fintech company with over 30 million users and $6 billion in…

3 hours ago

Dollar to Naira Black Market Exchange Rate Today, 22nd January 2025

The dollar to naira exchange rate continues to be a focal point in Nigeria's financial…

14 hours ago