• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, May 17, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

European Union Plans €411m Investment On Lagos Inland Waterways, Abidjan Trade Corridor

by Yusuf Babalola
11 months ago
in Business
To improve transportation in order to facilitate trade across Nigeria and other West Africa countries, the European Union (EU) has asked the Nigerian Shippers’ Council (NSC) for feasibility for its planned intervention in Lagos inland waterways, as well as the Lagos-Abidjan coastal transportation corridor
Share on WhatsAppShare on FacebookShare on XTelegram

To improve transportation in order to facilitate trade across Nigeria and other West Africa countries, the European Union (EU) has asked the Nigerian Shippers’ Council (NSC) for feasibility for its planned intervention in Lagos inland waterways, as well as the Lagos-Abidjan coastal transportation corridor.

Advertisement

Speaking during their visit to the executive secretary of the NSC in Lagos, the EU delegation, led by the Team Lead, Regional Cooperation, Abuja, Celine Lhoste, said the body was ready to partner the NSC to improve regional trade and deepen investments in the transport sector.

Lhoste said the project will be supported by the European Union, together with the Agence Française de Dévelopement (AFD) and the European Investment Bank.

RELATED 63% Firms To Comply With EU Corporate Sustainability Reporting Directive – PwC

“We have a project called ‘Omi Eko,’ which is aimed at reducing the transport congestion in Lagos State and also reduce the transportation cost and time delays for residents in Lagos,” Lhoste explained.

“This is a project that is estimated to cost €411 million, which will be supported by the European Union, together with the Agence Française de Dévelopement (AFD) and the European Investment Bank.”
She disclosed that the intervention would start “in a couple of months after all documents have been signed. We are meeting with Lagos State Waterways Authority (LASWA) and all necessary agencies to sort out the different agreements.

RELATED

0% Fees On All P2P Trades: Local Traders Offers The Best Deal For Nigerian Crypto Enthusiasts

0% Fees On All P2P Trades: Local Traders Offers The Best Deal For Nigerian Crypto Enthusiasts

43 minutes ago
Allocation Committee: Civil Servants Fear Salary Delay

FAAC Shares N1.681trn April Revenue To FG, States, LGAs

10 hours ago

“We also want to meet the various agencies and partners, like NSC, to know the strategic planning for shipping and the improvement of transportation within the Lagos area, across the nation and for the region.”

According to Lhoste, the EU prioritises support for transportation and trade through the Lagos-Abidjan corridor, and the Omi Eko project. Therefore, “we are supporting Lagos, but we aren’t just looking at an improvement in transportation of people and goods within Nigeria but also across the neighbouring countries.”

However, “this visit is to first establish a contact with the agency and discuss plans for transportation, especially in decongesting the Lagos ports, increasing trade in the region along the corridor.”
Explaining their mission further, the Transport Officer, EU directorate general International Partnerships, Jesus Gavilan, said the project was considering providing hard and soft infrastructure for Nigeria and the West African sub-region.

According to Gavilan, there was an initiative launched two years ago by the President of the European Commission to improve connectivity between Africa and Europe, and to achieve that, “transportation is key with regards to the infrastructure.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



Tags: European UnionLagos
SendShareTweetShare
Previous Post

Asset Vandalism Triggers Prolonged Power Outage In EKEDC Coverage Network

Next Post

Tourism Minister To Grace Iyake Festival

Yusuf Babalola

Yusuf Babalola

You May Like

0% Fees On All P2P Trades: Local Traders Offers The Best Deal For Nigerian Crypto Enthusiasts
Business

0% Fees On All P2P Trades: Local Traders Offers The Best Deal For Nigerian Crypto Enthusiasts

2025/05/17
Allocation Committee: Civil Servants Fear Salary Delay
Business

FAAC Shares N1.681trn April Revenue To FG, States, LGAs

2025/05/17
How Businesses Can Leverage On AfCFTA For Growth
Business

Lagos Free Zone Urges Unlocking AfCFTA Full Potential

2025/05/17
Access Bank Restates Commitment To Women Empowerment
Business

Access Bank Gets $100m Facility To Support MSMEs, Women

2025/05/17
NDPHC, NASENI, Haier Partner On 20mw Power Delivery To Kano Industrial Area
Business

NDPHC, NASENI, Haier Partner On 20mw Power Delivery To Kano Industrial Area

2025/05/17
Customers To Face Service Disruptions As GTB Upgrades System
Business

AFEX Commodities Exchange, GTB Resolve N17.8bn Debt Dispute

2025/05/17
Leadership Conference advertisement
Your browser does not support HTML5 video.

LATEST

Ohanaeze Ndigbo Canvasses Support For Kalu Ahead 2027 Polls

0% Fees On All P2P Trades: Local Traders Offers The Best Deal For Nigerian Crypto Enthusiasts

JUST-IN: Tinubu, Entourage Arrive Rome For Pope Leo XIV’s Inauguration Sunday

Northern Forum Defends Akume, Denounces Suspension Calls

NOA Hails Kwara Gov’t For Erecting West Africa’s Tallest Flagpole

Anambra Guber: INEC Publishes Personal Details Of Gov’ship Candidates, Running Mates

3 Die, Others Injured In Borno Highway Bomb Explosion

Federal Gov’t Flags Off Skills-to-Wealth Training For Youths To Alleviate Poverty

Saudi Club Al Ahli Eyes Nigeria’s Ndidi

Bradley Signs New 4-year Liverpool Contract

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.